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The System II (Yes with irony)

  • #8,861
  • Oct 12, 2009 2:51am Oct 12, 2009 2:51am
ok....
ben just said something very smart..
quote: "the fight between runner mentality and expectancy is rife!!! "

it sure is guys, and thats more of a reason that you can not put a square box around market/trading in general.. you got to be crafty and felixible and live and die with your decision and come out ahead at end of the month.. and the only way to come out on top is with lots and lots of practise trade in the the HEAT..
now can you put that in the Manuall... heheheheheh... you got to be f***** nuts.. lol

this is for sure the sticky stuff when your trading this type of situation live..we all played a prefect #1 and banked quite a good amount.. ok.. nice.. now what.. let it be? let go through consolidation? you could and you should most of the times.. or you could also try what i just mentioned and it be add on to your trading arsenal.. to give it a test IF IT FALLS INTO REASONABLE TIMEFRAME..

now what do i mean by reentery with reasonable time..
if price shapes a small retrace and does not cross over the last fcr and its within next 15-20 or less i will take reenter with happy button push.. meaning that once triggered I will watch it like a hawk.. if any funny stuff then i will not give away much and make my exit..

its more my feel/discreation then anything else..
now don't confuse this with countinuation signal... I said i will reenter if it falls within a reasonable time..

anyways try it but be very carfull..


by the way i entered and exited for -1.. and now looking to test 4697 for long.. and you should know what i would do for short...
  • #8,862
  • Oct 12, 2009 2:58am Oct 12, 2009 2:58am
[quote=fxachilies;3137624]
now what do i mean by reentery with reasonable time..
if price shapes a small retrace and does not cross over the last fcr and its within next 15-20 or less i will take reenter with happy button push.. meaning that once triggered I will watch it like a hawk.. if any funny stuff then i will not give away much and make my exit..
quote]

Finer points, finer points - excellent. So, you exited at some point. Was it before or after that rather alarming spike? Then you watched the retrace - if it falls short of the previous fcr you consider a re-entry with 15 - 20 minutes (?). Do you re-enter +3 plus the spread of the previous LL (short)/ HH (long) as in the normal course of events?
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,863
  • Oct 12, 2009 3:08am Oct 12, 2009 3:08am
I am on the bullish side with you on the FCR...
Let's see...

PS: I'm having some troubles to upload my charts today....
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  • #8,864
  • Oct 12, 2009 3:14am Oct 12, 2009 3:14am
[quote=mac1956;3137643]
Quoting fxachilies
now what do i mean by reentery with reasonable time..
if price shapes a small retrace and does not cross over the last fcr and its within next 15-20 or less i will take reenter with happy button push.. meaning that once triggered I will watch it like a hawk.. if any funny stuff then i will not give away much and make my exit..
quote]

Finer points, finer points - excellent. So, you exited at some point. Was it before or after that rather alarming spike? Then you watched the retrace - if it falls short of the previous...
my reentery is abviuosly after getting done playing #1..
once i reenter my exit is solely based on immediate expectancy, nothing else, no last fcr or HH LL or GG PP XX FF.. lol.. if price is going against my position soon after triggere time with any speed or rhythm then i asume that i have fallen for the false/weak countinuation signal and exit immediatly.. but proud that I made a quick test to not lose out and not fallen for markets bitch ass decieve..
this is just a dedication to catch more runners when its giving it in a rough ride..
  • #8,865
  • Oct 12, 2009 3:16am Oct 12, 2009 3:16am
Long @ 4699
david4u
  • #8,866
  • Oct 12, 2009 3:16am Oct 12, 2009 3:16am
long now...

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  • #8,867
  • Oct 12, 2009 3:19am Oct 12, 2009 3:19am
Quoting david4u
Long @ 4699
david4u
With you on this one
  • #8,868
  • Oct 12, 2009 3:22am Oct 12, 2009 3:22am
Quoting david4u
Long @ 4699
david4u
That was a good early entry, I got long at 4702.
testing the market
  • #8,869
  • Oct 12, 2009 3:24am Oct 12, 2009 3:24am
It seems like, luckily, we are facing a #1 now.....
So, let's go for the runner.....
  • #8,870
  • Oct 12, 2009 3:33am Oct 12, 2009 3:33am
you must pass thought the first hurdel before even thinking about banking..
it this case either you end up at break even or you hold your ground and play a solid #1's..


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  • #8,871
  • Oct 12, 2009 3:33am Oct 12, 2009 3:33am
Fx
you took the long
you are + 10 , +12 , +15
No fcr still formed (may be something around @4705 ?)
I have personally moved the SL to BE .
How do you play this ?
Worst case scenario should be BE , so when do you move your SL ?
Tks
david4u
Quoting fxachilies
long now...

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  • #8,872
  • Oct 12, 2009 3:39am Oct 12, 2009 3:39am
as soon as i see long strides away from my entery..
  • #8,873
  • Oct 12, 2009 3:45am Oct 12, 2009 3:45am
nice job if you hold though the hurdel.. postitioning yourself for possible runner at no risk.. that is powerfull shit.. thats what its all about.. not about counting pips!!.. pips will come if you excute well.. at end of the day you can count your pips all you want.... during the day you play the game.. thats it..
  • #8,874
  • Edited 3:58am Oct 12, 2009 3:48am | Edited 3:58am
Still holding and playing #1 again through the 2nd. hurdle...

PS: another hurdle hitted
  • #8,875
  • Oct 12, 2009 4:04am Oct 12, 2009 4:04am
Hi, Fxahilies!

Good morning to all traders of System II family!!!

Fxahilies, my friend, when you will have some free time, please look at my post #8708 (like you call it "novel")...

Still working about my trading style, try to not be like robot, train my exits, and my naked eyes... and read every site of this amazing thread...


good luck to all!!!!!!!!

Thanks!
  • #8,876
  • Oct 12, 2009 4:21am Oct 12, 2009 4:21am
ahaaaaaaaaa.. good things happens when you stick to the plan.. .. check it out, hints for a different week hopefully.. up.. down.. up.. down.. up.. down... love it.. lol
what did i tell you guys over the weekend.. be optimistic... but also be ready when the road gets bumpy and not get discouraged..
I left the screen and my tp was hit at +32 right below the days high.. to be honest I am not too happy.. not to sound greedy.. it just that i would rather exit playing #1 and keeping my options open..
  • #8,877
  • Oct 12, 2009 5:00am Oct 12, 2009 5:00am
Quoting jplo
Still holding and playing #1 again through the 2nd. hurdle...

PS: another hurdle hitted
SL at +22 pips, 4724. Can price hurdle over 4740 next?
testing the market
  • #8,878
  • Oct 12, 2009 5:03am Oct 12, 2009 5:03am
Quoting John888
SL at +22 pips, 4724. Can price hurdle over 4740 next?
Yep, 4740 could be the next one, but.....
hitted right now....
As "the Boss" always says, support/resistences are prone to be broken....

  • #8,879
  • Oct 12, 2009 5:08am Oct 12, 2009 5:08am
[quote=fxachilies;3137696]
Quoting mac1956

my reentery is abviuosly after getting done playing #1..
once i reenter my exit is solely based on immediate expectancy, nothing else, no last fcr or HH LL or GG PP XX FF.. lol.. if price is going against my position soon after triggere time with any speed or rhythm then i asume that i have fallen for the false/weak countinuation signal and exit immediatly.. but proud that I made a quick test to not lose out and not fallen for markets bitch ass decieve..
this is just a dedication to catch more runners when its giving it...
I took +31 long on the reverse swing and then exited - then I used your re-entry strategy for this continuation and took out another +17 when it hit 60 and retraced. Could've held on - maybe even should've, but the result is good and I can perfect it in time. NICE ONE Fx!!!!! I can't believe I'm up +71 for the day!!!!!!!!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,880
  • Oct 12, 2009 5:12am Oct 12, 2009 5:12am
Quoting mac1956
I took +31 long on the reverse swing and then exited - then I used your re-entry strategy for this continuation and took out another +17 when it hit 60 and retraced. Could've held on - maybe even should've, but the result is good and I can perfect it in time. NICE ONE Fx!!!!!
Congrats Mc....
Nice runner...
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