The System II (Yes with irony)

Hi All,

As promised here are my trades for Thursday


I personally feel these trades are getting very close together and maybe I need to give them more space.

Hi Here are todays trades.

The mauve lines are long entries which I did not take but which provide much better trade positioning. Had I of taken these entries things would have been much easier for , note both entries are a lot more aggressive that the entries I did take.

hi guys,
i am going to do some teaching today.. I will have series of a few posts with chart analysis.. my intention at this point of our journey is to give u guys some technical structure to go by with in your daily trading sessions (london & NY).. there are not hard core set in stone rules as u know that we do not worship anything in here, we just use them as another usefull tools in our trading arsenal.
now I want u to keep one thing in mind about me, and that is to realize that in this journy i am learning aswell as you as we go along.. I am constantly looking to improve and reach higher levels in the frame of this thread.. what I preach is exactly what i do and test it for awhile before i reveal it to you guys in the thread.. being wrong or right is not the point here but rather brainstroming to death to fight and chanlleng this beast in pursue of better and better profitability..

the other thing is that everything that i do i build around the core of this thread which was inplaced by our dear mentor feb and they are the 123 setup and expectancy..
I will go over our entery setups and i will give you the appropriate exits strategy with each.. there is nothing fancy and a lot of is what u do already.. u have done them step by step.. and i feel like now is the time to review and observe and get a clear picture on them.

I got to eat lunch now.. i will start in about an hour..

CYA..

wow....

Really nice FX...
thank you very very much to share your thoughts with us, really apreciate it ......
Another tool, another weapon to kill....
Ready to keep on learning with you, buddy.....
I'll be waiting impatiently.....
You rock.......

Hey Fx,

I think that you are addicted to teaching.... a nice addiction.....Soooo.. I am ready to listen and think about it.... notice that the arrows are pointing inward so...this is not the case of "in one ear and out the other".

OK back...
Structures that i am about to give you guys is for the purpose of better trade managment in minute details as a guide to be followed which will lead to that great intution that we all seek for.. and its all about expectancy which in nutshell means cutting the losers short and letting the winners run.. everything we do is for our one and only goal and that is to fill out job dutie.. and we all should know by now that what that is.. if u don't know that by now then don't bother with the rest of this post and the whole thread in general.. lol
now, the key is to know to give which trade the necessay room and be more defense tolerance (regular #2) and which to be defense aggrassive and cut the loser short early (#2G+)..

in order to do so we got to know three things prior..
to do a better trade managment and to play the appropriate defensive play.. first we need to know what were the confluences of are trade..
here we go..

1) Setup Recognition.. 123../fcr../BB
2) Postion Recognition.. fakeout or semi fakeout (F or SF)
3) Appropriate Defensive Play.. #1.. or #2.. or #2G+.

ok.. i broken down the 1st one with chart display..

(now keep in mind that the names i am giving with short brevations is what i and we all should be using for the purpose of easier communication.. plz take note.)

Setup Recongnition.. (enteries)


http://cdn.forexfactory.com/images/attach/gif.gif

lol.. hi moneda.. i hope this is the case with everybody.. one ear and not out the other..
I appricate your presence in this thread more then word can descibe..

to all..
moneda brought up a good point about teaching issue..
this has turned out to be like a family and not like a typical ff thread.. so thats one reason that keeps me to do what i do.. the other would be that i don't want to leave the good people hanging.. most of the stuff that I have preached are the things that i have tesed and been doing for long enough time before i have revealed it in the thread.. like, fcr.. #1&2 ply.. bb exit/#2g+.
i have given them out one by one for a sole reason that it gets practised enough.. sinks in enough.. so it prepares and familiars you enough once the whole puzzle is put together.. this weekend is that finall puzzel so to say..

This is exactly what i have done for the last two months and i have got excellent results.. during good times i have heavy kicked ass and bad times i have managed to give less away and keep my head above the water so I can fight another day..

so, salute..

stay tune for the next part..

Super-useful resume, in fact I'm gonna print it out and put it on the wall right close to my monitor.....
Sometimes the simple is the most difficult to realize and to follow, and sometimes we can try to force ourselves to see setups where they are not (personally talking)...
Stick to the plan is not easy, but is a must to succeed...

Thanks "Boss"

Sticking with you and Feb....

Hi Rock Familie.
I am with you a few months and I love you guys.Fxachilies you do here great job.Always very good explain about new tool and I must said I love your lond posts,I just can read you hours and hours,it is really good.I love this thread because it is really familie,good friends,help eachother and your posts are like stories.Fxachilies you got present from God to teach others.I know how hard was for you keep this thread into Feb pure and right direction.You really deserve big respet specialy from newcomers.
Anyway I like this method because here is not stone rules,manual,and first of all everyone must to use the brain and work hard to get in.My big thank you is to Paul.L.(paulie hunter)Jplo (guy with big smile jejejej),Uk-mac,Enox(aussie captain) and others.Everyone who post his chart and ask right question help me,so thanks guys.
To Paul L. your chart from Friday .Why u didn't try to reenter after exit 1.short 1.5009 BE?I know there is not great bearish candels(wiks),but maybe just for test water.Hm maybe is useful try more agressive jump in as we can use tool+2G.Anyway I like your exits,that in 4.trade short is excellent to me.
I love your hunting paulies.
Guys I wish you all best and keep rock familie together!!!

OK.. sorry i got hungup..

Position Recognition..

A) Fakeout.
B) Semi Fakeout.

OK.. i am sure you guys are pretty familiar with this step.. lol

the figure display is to just be sure we are on the same page and get familiar with the short names..

it is important that you recognize this step as quickly as possible when ur order gets filled.. at the same time its important to mis read it and endup jumping the gun.. the tactics are once your order is filled, to watch the price reaction to the level line.. this is your first and your immediate battle.. you must watch the price speed and rhythm.. only jump the gun when price is turing with super high speed coming your way otherwise give the necessary time to develop before making the proper defensive exit..

to be continued..
http://cdn.forexfactory.com/images/attach/gif.gif

Fx,
You are still doing great job
I would like to meet you to shake your hand veryy strong and hug you!

OK.. finall piece..

Appropriate Defensive play..

we got.. #1 & #2 and #2G+.. we are gonna make them fit to our entery setup..

I want to get the #1 play out of the way before we get to the defensive play..
#1 ply is defense and offense.. we use it when we get dealt a SF on all enteries options.. this is the situation that we wish to get to every time that we make a entery, but we all know that it does not happen every time as matter of fact it happens only about half or at best 2/3 of the times..
so... on all SF trade positions we play #1.. the purpose is to make the max out of the possible run.. to preserve with open option to gain more..
defensively you should close ur trade at BE or -5 at worst once it does a quick straight U turn..
offensively you should use this tool to pass hurdels.. you should not care about leaving money on the table between your entery and first hurdel (unless is long away from you entery).. otherwise keep playing #1 to either preseve when PA tells u to or to pull more Paulies than anyone in this planet.. lol.. once your on a runners situation you can use fcr's to guide you aswell..


ok now the nasty Fakeout..
if your dealt with a Fakeout, your defensive plays must be fit with your entery setup and here there are..

123D = #2G+
123S = #2
FCR1 = #2
FCR2 = #2G+
BB = #2G+

basically are entery setups should plan out our game plan for our exit.. due to risk involvment.. MM/RR.. and PA consideration..
since we intend to take action on most shots.. we need to know on the spot as to how to react..
how we got in for.. what we are dealing with.. and what we need to apply.. to survive.. to preseve.. and to gain..
the repetion will creat habits and habits will lead to great intution within with full control of not giving in to this beast.. (Mr.Market)

This structure is designed to give you the courage and confidence to take all valid shots and reentries, test test test, so you secure your spot on the bus for most times when it goes on a run with the lowest risk involve.. to give away as less as possible while taking constant shot and not falling into markets trap, which will lead to big and biger losses..
treat this as cold blooded as possible.. this should eliminate all crap feelings such as.. wish.. hope.. pray.. fear.. greed..
just a right down to the business kindaaa attitude with only our plan and bottomline on are minds.. standing tall and excuting the plan to stay in control at all times..

this is as clear as and close as any structure that i can give you to follow what i do..

I wish you all best of luck.. and excited to make lots of money along side of you as my second family..
lets.. just do it..




(the chart examples are based on the Fakeout situations.)
http://cdn.forexfactory.com/images/attach/gif.gif

I wish there is a better word than ... T H A N K S ...!!!!

Thank you....

Fx,

I can't thank you enough for these posts. I got myself in a muddle last week with #2 and #2g+ never quite sure which one to play and inevitably picking the wrong one. I am sure with time and practice I would have worked it out but these posts along with live trades and advice on Friday will get me back on the road to my goal of being a full time trader.

All the best to you.

FX, your last couple of posts makes things so clear!
Thank you, you are a legend!

My advice to newbies(like myself)....read the whole thread!

Survive and Preserve

Hi Guys,
i got quiz for you from fridays chart..

who can name the the marked setups? and the appropriate defensive play to with it?
and..
why do we call A_________? and B_________? what is the difference since they look so identical?

I check the answers later on tonight (about 7hrs from now)..
Cya,

..and thanks to those of you for your kind words.. your welcome.

http://cdn.forexfactory.com/images/attach/gif.gif

Hi Fx,

Fantastic clear posts, you are a really good teacher.

My posts
a) FCR1
B) D123 EDIT: BB
C) D123
D FCR1

I dont see any BB's but it might be because the yellow lines are distracting me. EDIT: After looking again to see through the yellow lines, i saw the light. (I think )


Again thanks for this.

I like the resurrection of #2 ,

so your post 9486
http://www.forexfactory.com/showpost...postcount=9486

became obsolete ?!


at least partially ?

A-Fcr and play defensive&1
B-BB and play+2g,if you got out than you try reenter and play&1
C-123, and play defensive &1
D-Fcr,play ofensive &1