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The System II (Yes with irony)

  • #10,421
  • Nov 6, 2009 11:25am Nov 6, 2009 11:25am
Quoting feb2865
I know this is beyond the scope of this thread...if you want to really see how I do it, let me know and FX or someone could put a classroom together. I just prefer to take this out of this thread so people, especially newbies, won't get all mixed up. So if you guys are interested, please let me know and we take it from there....

Count me definitely in.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,422
  • Nov 6, 2009 11:29am Nov 6, 2009 11:29am
Quoting tghfbt8
use oanda to see order stats

http://fxtrade.oanda.com/tools/stati..._summary.shtml
Be careful on that. This stats doesn't represent necessarily the market as a whole.
Peace
  • #10,423
  • Nov 6, 2009 12:17pm Nov 6, 2009 12:17pm
Hi Feb........just found this thred the other day and have been pouring over every detail....has taken me hours to just get thru the first 15 pages....great stuff....but I jumped the the end to see the end of the story....and it sounds as thought you have deviated some...might be reading this wrong....but do use now use some indicators...others are posting thing somewhat different. This thred started out to be very intellectual, matter of fact, calm....veryhelpfull. But in these last 5 or so pages you dont post much and the seen is more highschool party unnecessary language hype....truely enjoyed the hrs of the first 15 pages with an sharp minded trader with a great teaching ability....would like to see some recent charts, if you have changed anything since those early days......nothing wrong with the old guy, dont start conforming now...great job
  • #10,424
  • Nov 6, 2009 12:31pm Nov 6, 2009 12:31pm
Feb, always interested in what you have to say so I would appricate some of your teachings.. What FX has been doing here is just first class....

With you and FX teaching.. what a team
  • #10,425
  • Nov 6, 2009 1:02pm Nov 6, 2009 1:02pm
Wow, what a week. first week trading this system for real money. made tons of mistakes and strayed from the plan many times and was punished every time i did! gunna try realhard to be more disaplined nxt week. took the NFP trade after getting a heads up from the thread in the morning and then feb giving us a nudge. very nice thankyou very much! have to admit to bailing near the 00 line- sorry bout that. its on my list to sort out. +50pips. What i am going to do next week is get up earlier and print out the relavant news for the day. will prob set my phone alarm for the important ones just to give me a heads up as i find time hard to keep track of when infront of screen. Think i got lucky this week as my disapline was shocking. hopefully i learn to sort this soon.

Have a good wkend everyone. looking forward to resting my eyes!!!

cld someone let me know how i can post oanda charts and write stuff all over them pls?
  • #10,426
  • Nov 6, 2009 3:52pm Nov 6, 2009 3:52pm
Hi All,

Here are my charts for today.

Please don`t ask me about the second 50% of the NFP trade.....closed in the wong place at the wrong time at the wrong price ..........LOL
Attached Image (click to enlarge)
Click to Enlarge Name: 20091106.jpg Size: 160 KB
Survive and Preserve
  • #10,427
  • Nov 6, 2009 3:53pm Nov 6, 2009 3:53pm
Quoting iak
Wow, what a week. first week trading this system for real money. made tons of mistakes and strayed from the plan many times and was punished every time i did! gunna try realhard to be more disaplined nxt week. took the NFP trade after getting a heads up from the thread in the morning and then feb giving us a nudge. very nice thankyou very much! have to admit to bailing near the 00 line- sorry bout that. its on my list to sort out. +50pips. What i am going to do next week is get up earlier and print out the relavant news for the day. will prob set...
Use paint - Program Files - Accessories - Paint

Or download free version of Screen Hunter , I use Snagit.
Survive and Preserve
  • #10,428
  • Nov 6, 2009 10:44pm Nov 6, 2009 10:44pm
Quoting feb2865
I know this is beyond the scope of this thread...if you want to really see how I do it, let me know and FX or someone could put a classroom together. I just prefer to take this out of this thread so people, especially newbies, won't get all mixed up. So if you guys are interested, please let me know and we take it from there....
Thanks Feb for this great thread I read up to about 30 pages but this thread now cover up to nearly 700pages

So which pages I should read up to cover some basic of this thread?

Thanks,
  • #10,429
  • Nov 7, 2009 1:38am Nov 7, 2009 1:38am
How about all of them? If you are hungry enough you would . There is no shortcut in life, just read them. How long did 30 pages take you?

Keep reading buddy. if you found 30 pages good then you will find the other 630 amazing value.
Quoting peed
Thanks Feb for this great thread I read up to about 30 pages but this thread now cover up to nearly 700pages

So which pages I should read up to cover some basic of this thread?

Thanks,
Survive and Preserve
  • #10,430
  • Nov 7, 2009 2:40am Nov 7, 2009 2:40am
Quoting feb2865
I know this is beyond the scope of this thread...if you want to really see how I do it, let me know and FX or someone could put a classroom together. I just prefer to take this out of this thread so people, especially newbies, won't get all mixed up. So if you guys are interested, please let me know and we take it from there....
Hi Feb
following the thread almost since the beginning but silently most of the times.
I just want to thank you again for your wonderful work here, and Fx's as well.
I'm in of course
  • #10,431
  • Nov 7, 2009 3:28am Nov 7, 2009 3:28am
Hi,
its always funny to me that everytime on NFP days when we socre big then we get all these new people coming out and give there admiration for the thread and all of the sudden they like to be invlove and become febs best friend or something.. lol.. and they throw in the 15pg or 50pg read of the thread.. lol.. ya right.. sorry to be blunt but what got u interested is our prefect paulie pull on the NFP moment.. ummmmm.. wot's "Paulie".. lol.. ya exactly my point...
the fact of the matter is that what we do on NFP trades has not much to do with the whole purpose and core of this thread..

yes on NFP days we make a ton of tough and we party hard bcz the prior 29 days of it we have worked hard by putting out 12-16 hrs days and sweated out each and every pips that we profit based on what we do in the daily basis, and its our bread and butter by the way..
so yes we deserve it.. and guess what we will party harder the next time.. get a girp if you can not handel it..
so to the guy with the NUt on end of his nik.. keep reading the thread before you talk atta yo ass..
  • #10,432
  • Nov 7, 2009 4:42am Nov 7, 2009 4:42am
I was catching up on the posts to this thread and spending some quiet time reviewing the past weeK. Something that I am working on has been expressed several times recently and I wanted to address it in hopes of helping others.

I read posts about being at war with the market or such thoughts and I bought into that mindset "it's me against the market". I am finding that it's the wrong mindset for me.

Here is what I am working on - It's not me against the market - the market actually gives me everything I work for. The key is, I have to be working for it. When I have this "it's the market against me mindset" - I panic or close a trade or do some other action that is not in alignment with the plan. It's the thought that causes me to cheat on the plan. The "I am going to win at any cost even if I have to cheat" becomes more important that following the plan as presented in this thread.

Sure, I yell at the market when it doesn't go my way, it's the emotional juice that keeps me in the game. The difference though is when I am yelling at the market from the mindset that the market gives me everything I work for, I can Laugh out Loud at the market's actions. When I yell at the market from the mindset that the market is against me, I am actually hurting my trading because I am compelled to make poor trading choices to relieve the pain of being attacked. Its a natural response, coded into my DNA. The more often I can be in alignment with the thought that the market is giving me what I want, the better trader I become.

I want the market to give me false breakouts and FCR's. Sounds weird to say that and yet that is the reality of the market - the market does false breakouts and FCR's. I look forward to the market giving me false moves next week. Just saying that empowers me.

Just me putting as much work into the mental side of being a trader as the technical side of reading the market.
I make money anywhere in the world by taking orders
  • #10,433
  • Nov 7, 2009 5:41am Nov 7, 2009 5:41am
Quoting SedonaPipper
I was catching up on the posts to this thread and spending some quiet time reviewing the past weeK. Something that I am working on has been expressed several times recently and I wanted to address it in hopes of helping others.

I read posts about being at war with the market or such thoughts and I bought into that mindset "it's me against the market". I am finding that it's the wrong mindset for me.

Here is what I am working on - It's not me against the market - the market actually gives me everything I work for. The key is, I have to be...
SD,
i been watching your posts this week.. and it seems to me that you are making this thing more complicated than it is for yourself.. your falling in the trap of makeing too much sense out of things.. the simplicity is the way to success.. I would advise you to wipe all extras out of your mind.. if you belive in the plan.. then just make a true commitment to follow it no matter what, atleast for the week coming up..
this is finding "Dimonds in the rough".. runners come around only about 15% of times = to about five a week.. we take about 30 shots for it.. the other 25 are all surviving times..
plan is built around catching that five runners.

its like a basketball team with one superstar.. the other four guys and the chulk board passes and the pick & rolls and etc.. were all build around that one superstar to take them to the promise land..
same applies here.. in our frame of style you got one money maker to take you to the promise land and thats the runner... now the only way to catch the runner u must cope and execute other pices the whole game correctly.. meaning..
first u got to get in the game = entery
then know ur setup and the risk that comes with it.. that sets your predetermine defensive play.. then u recongnize the postioned dealt (F or SF).. then you play accordignly..
this is our way of pick and roll to get the ball in the hoop = survive and preserve..
if we get blocked = fakeout... then we go for the rebound and try again = reentery.. or
if we get blocked and lose the ball we look for the next opportunity = IF and Then..
if we lose the game = losing day.. then should we change our system? or change from basketball to baseball ?
NO.. we stick with the same game and hit the court harder and practise harder to sharpen our game and the excution of the pick roll = to focus on the steps of the plan and sharpen the execution of it..

i hope this helps you and others..
  • #10,434
  • Nov 7, 2009 6:42am Nov 7, 2009 6:42am
Quoting fxachilies
Hi,
its always funny to me that everytime on NFP days when we socre big then we get all these new people coming out and give there admiration for the thread and all of the sudden they like to be invlove and become febs best friend or something.. lol.. and they throw in the 15pg or 50pg read of the thread.. lol.....
very right
  • #10,435
  • Nov 7, 2009 9:14am Nov 7, 2009 9:14am
Hi Paul ,

Sorry but am not sure exactly about your entry technique on the 3rd trade long you took ...
Can you please elaborate ,

Thanks

zaba1
  • #10,436
  • Nov 7, 2009 12:29pm Nov 7, 2009 12:29pm
I have finally decided to confess my sins. I have been watching and trading for the past 6-8 months with this thread for my own selfish purposes. Silently, only taking and not giving back the way I see so many of you selfless traders doing. I shall try to repent of this.
Thank you so much Feb, FX, Paul, Mac and so many others for improving my success ratio. This thread has done for me what others could not, namely make me feel like a winner. Thank you all.
  • #10,437
  • Nov 7, 2009 1:52pm Nov 7, 2009 1:52pm
Quoting fxachilies
Hi,
so to the guy with the NUt on end of his nik.. keep reading the thread before you talk atta yo ass..
YOU KILL ME!!!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,438
  • Edited 2:51pm Nov 7, 2009 1:53pm | Edited 2:51pm
Quoting zaba1
Hi Paul ,

Sorry but am not sure exactly about your entry technique on the 3rd trade long you took ...
Can you please elaborate ,

Thanks

zaba1
That entry Zaba is experience in action - artistry - not system II.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,439
  • Nov 7, 2009 3:05pm Nov 7, 2009 3:05pm
I just say : BRAVO !!
  • #10,440
  • Nov 8, 2009 9:31am Nov 8, 2009 9:31am
Quoting feb2865
I know this is beyond the scope of this thread...if you want to really see how I do it, let me know and FX or someone could put a classroom together. I just prefer to take this out of this thread so people, especially newbies, won't get all mixed up. So if you guys are interested, please let me know and we take it from there....
Hi feb.

count me in , thanks for the opportunity!

C'MON guys dont miss this
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