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The System II (Yes with irony)

  • #10,261
  • Nov 4, 2009 2:54am Nov 4, 2009 2:54am
ok.. this is fun.. nottttttttttt

you guys wanna hear a joke?
  • #10,262
  • Nov 4, 2009 2:57am Nov 4, 2009 2:57am
Quoting FOURX
yes jplo, it has developed into a range now, only since this last push up to 65 in my opinion........... previous to that it was posting Lower hi's from the top
I don't know, but this is exactly my point...
price has gone up quietly till that top point, where it began to print LH's but with a 5, 3 pips of difference between them, and apart from that no LL's, with signifies, at least for what I've learnt here in the thread.... Stalling time
So no FCR's or whatever, simply mark the boundaries on top and bottom and let it jam up, and we could have realized it even before this last push up, to not fall into deceiving breaks....
  • #10,263
  • Nov 4, 2009 3:00am Nov 4, 2009 3:00am
FX .. Yes market seems quiet and no momentum .. clearly all eyes on US data and more importantly FOMC this evening.
  • #10,264
  • Nov 4, 2009 3:52am Nov 4, 2009 3:52am
Yes please do
Quoting fxachilies
ok.. this is fun.. nottttttttttt

you guys wanna hear a joke?
Survive and Preserve
  • #10,265
  • Nov 4, 2009 4:09am Nov 4, 2009 4:09am
Quoting fxachilies
ok.. this is fun.. nottttttttttt

you guys wanna hear a joke?
ok.. just for you Chris..

i am watching bloombergs currency analysts.

wot !!!!!! ... hehehhe
  • #10,266
  • Nov 4, 2009 4:56am Nov 4, 2009 4:56am
short, testing this FCR....

Let's se....
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  • #10,267
  • Nov 4, 2009 5:08am Nov 4, 2009 5:08am
Quoting jplo
short, testing this FCR....

Let's se....
the crazy spaniard just can't sit on his hands...
  • #10,268
  • Nov 4, 2009 5:11am Nov 4, 2009 5:11am
I've just bailed it out due to the news anouncement in 5 and since I'm not with room enough to protect me from them....
In any other situation I'd be playing a #1 here.....
LOL
  • #10,269
  • Nov 4, 2009 5:28am Nov 4, 2009 5:28am
Long now testing the BB....
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  • #10,270
  • Nov 4, 2009 5:53am Nov 4, 2009 5:53am
Ok now we got a lil something something cooking..
this movment looked kinda artifcial due to the news reaction.. if a fcr forms and looks decent i wouldn't mind taking a shot to hopefully postion myself well for the wall st open...
still sitting on my hands..
  • #10,271
  • Nov 4, 2009 6:04am Nov 4, 2009 6:04am
Quoting jplo
Long now testing the BB....
spaniard.. status?
  • #10,272
  • Nov 4, 2009 6:09am Nov 4, 2009 6:09am
Quoting fxachilies
spaniard.. status?
Flat...
Went to have lunch with SL at BE after the second try to make HH and took me out later...
You were right..... too artificial move....
  • #10,273
  • Nov 4, 2009 6:09am Nov 4, 2009 6:09am
Quoting jplo
Long now testing the BB....
hay j
i took the long at 4781 and now move sl to 77
it's a huge gap tony, a huge gap.
  • #10,274
  • Nov 4, 2009 6:14am Nov 4, 2009 6:14am
Quoting jplo
Flat...
Went to have lunch with SL at BE after the second try to make HH and took me out later...
You were right..... too artificial move....
why didn't u play #1 like usuall?
  • #10,275
  • Nov 4, 2009 6:29am Nov 4, 2009 6:29am
Quoting fxachilies
why didn't u play #1 like usuall?
somebody is dodgeing my question.. lol
  • #10,276
  • Nov 4, 2009 6:31am Nov 4, 2009 6:31am
Quoting fxachilies
why didn't u play #1 like usuall?
I know I should but I thought in 3 things:

1- It was right after the news, so it looked quite artificial as you said
2- When price had tried to make a HH after the mini-retrace I was about 10 pips in profit so I thought it was room enough to move SL to BE and let it be...
3- I was starving and I had to go for lunch so I wasn't gonna babysit it....

those were my reasons at that moment, but.... a mistake anyway.....
  • #10,277
  • Nov 4, 2009 6:56am Nov 4, 2009 6:56am
well bugger me sideways the market made a move!
  • #10,278
  • Nov 4, 2009 6:59am Nov 4, 2009 6:59am
Quoting jplo
I know I should but I thought in 3 things:

1- It was right after the news, so it looked quite artificial as you said
2- When price had tried to make a HH after the mini-retrace I was about 10 pips in profit so I thought it was room enough to move SL to BE and let it be...
3- I was starving and I had to go for lunch so I wasn't gonna babysit it....

those were my reasons at that moment, but.... a mistake anyway.....
ok.. forget your reason 2&3.. but your first reason, quote: "it was right after the news"..
so now i say to you..
why would u get involve after only 5min of the release !!!.. consider yourself lucky, it could have been one of those nasty fakeouts that put u in negative -20 in a heartbeat..
but u decided to take shot and.. ok, thats fine... but atleast please make the market to pay for it if it goes in your favor (it did in ur case here), give the price the necessary room and ply the plan...
if your not gonna play the plan then what hell are u entering anyways.. I hope it makes sense..
soooooooooo..
if news trading is not part of the plan, don't play.. lol... but if you play anyhow and get luck anyhow then execute the plan..

now to all,
i picked on Jplo in here for a reason (jplo is our rising star and doing wonderfull.. but he is a bit impatient and too aggresive sometimes.. he will second this in a heartbeat by the way and we are working on this for him together).. i know there are some of you out there that do the same stuff in your own shell aswell.. and I felt it was necessay for me to bring it up live in real time atleast once, so it may sink in for good when u see the result with your own eyes liveeeeeeeeee.

ok my main point now..
J took two shots during a absolute sitting on hands time and made nothing maybe lost some.. but the problem is much bigger than that.. when we do this we damage ourselves in two important ways..
A) we go through some unnecessary agonies that could effect our state of mind for rest of the day.. but much worse, B) we practise a bad habit..
be very carfull with that guys..
  • #10,279
  • Nov 4, 2009 7:17am Nov 4, 2009 7:17am
Quoting fxachilies
ok.. forget your reason 2&3.. but your first reason, quote: "it was right after the news"..
so now i say to you..
why would u get involve after only 5min of the release !!!.. consider yourself lucky, it could have been one of those nasty fakeouts that put u in negative -20 in a heartbeat..
but u decided to take shot and.. ok, thats fine... but atleast please make the market to pay for it if it goes in your favor (it did in ur case here), give the price the necessary room and ply the plan...
if your not gonna play the plan then what hell are u...
WOW....

What can I say???

Simply, that you are TOOOOTALLY RIGHT....

You know me, concerning to trading, even more than me myself...

I can only say THANKS again for all you have and you still helps me, and for all your warning calls....
Really apreciate it buddy,
It says a lot (even more) from your selfless generosity....
  • #10,280
  • Nov 4, 2009 8:16am Nov 4, 2009 8:16am
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