The System II (Yes with irony)

i am well into profit and now experiencing the first real hurdel... i will let it develop and play a pure #1 ply.. i take it as a challenge.
I block away howmuch i have made.. the money on the table is not mine.. thats how things gets interperted in fxachilies mind/world..

My job is to catch bigtime runners.. or preserve if the chance is given..



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

Cheers FX

Playing #1

Moved stop to 1.4959

Potentially considering going short on the FCR at 1.4960

Took profit +11.5.

Now gone short at 1.4958.

FX,

apologies for talking on the journal thread, mate. Now I am short at 58, but you mentioned you would go short at 54. Any reason?

Edit: reason already on that thread. Thanks

Thanks.

With you short from 57 here......
Let's see...

Playing # 2

I make really bad trading decisions on all Monday mornings - and I'm posting my chart to illustrate this point. I have realised something this morning that may be useful/may not be, but hey here we go. Feb talks about this being an addiction - and in many ways he's right. I've spent many years researching and working with addictive behaviours in my professional world as a psychologist.

One key problem with addiction, obviously, is withdrawal - and the weekend leaves a side of me edgy, waiting for the market to open - like the alcoholic without a drink. Monday morning is my worst time for simply seeing what is in front of me, and I'm certain it is trade-withdrawal that drives this - metaphorically speaking all of a sudden there is 'alcohol' and I can't wait to take a 'drink'.

Being 'in a trade' with money on the line is really exciting - and I miss it - however, I notice that executing the perfect trade (which believe it or not I accomplish now and again!) is satisfying in a different and more substantial way. The second is a better and more stable feeling. So I have two parts to me - the adrenalin junky flying by the seat of his pants seeking danger and trading everything in sight (and doubting it too) and the student of trading mastery, calmly watching and doing the right thing selecting the finest wine and savouring it when it's ready. My adrenalin junky can force his way into the driving seat in the blink of an eye - but it's my Student of Trading Mastery that I want to run this show. realising this helps the pennies drop. So - I'm now in recovery (so to speak) and short from 68 thanks to my Monday morning addict - too early, but hey, now I'm going to play it with as much mastery as I can. Hope this helps someone - certainly helped me realising it.

OK cool.

Stopped out at - 14.2.

I think I didnt play #2 well here ... stopped out too late.

Any comment on how I played this?

played incorrectly in my view desert

Long at 1.4984 ... playing #2g

Cheers Fourx

hey mate, i mis-typed sorry, i think you should have saved 4 or5 pips

BIG NUMBER, coming up

Lost on the first short but long now from 4985...
Let's see...

Sure bro ... where do u think I should have gone out?