The System II (Yes with irony)

Too true mate!!

Evening guys. tough couple of days! market being a bastard at the moment but at least it giving us plenty of chance to practice being disaplined. i keep getting frustrated whatching price ping pong and then thinking bugger it i gunna have a bit of that! so i jump on the ping pong band wagon/ and guess what, it goes against me!!! f...ing nightmare! that is when i start wishing i HAD STUCK TO THE PLAN yarda yarda yarda..... Im such an idiot and do it every time and usually get burned. but, days like this are good for me. it bringing out all my bad habits from the past and losing me all my gains using feb/fx plan. This is going to be a week of purging my bad habits ready for a fresh disaplied plan follower next week. hopefully, i will still have some money to play with!! Come on wednesday, lets have some S123's, play some #1's and turn the music up loud again.
Hope everyone is hanging on in there. We know what we gotta do. Hunt that runner! Take it easy guys, see you on the floor tomo bright and early. Cornwall UK sighning off for a beer and grub.

Hi,
I pretty much took most of the day off for some fun and play tennis.. acutually feel pretty good at the moment since I beat a semi pro player who is 10 years younger than me.. showed them who is the bigdaddy still.. lol ..

ok.. another rangey day but looks like price gave us pretty nice little up and down fcrs opportunity in the 80pips range market starting 3hrs prior to wallst open.. and that is the beauty of what we do in here with fcr.
I decided to not trade today.. and it wasn't necessarly for the reasons of rangey market or afraid to take shots, or not being able to handel the agonies, or not being capable of handeling losing or winning money.. u guys all know me.. I go head on with the market.. I face it and crush it with attitude.
if i was as hungery as past like most of u guys are in here i would have stick it out and keep on tradeing and face the range and the chopp challange it and deal with it and take my profit from the market like manytimes that i have done so before.
my hats off to the one that did just that today.. you got my respect..
bravo to you bcz by your action I know u have grasped the ideas that i have preached all along, and that is: price can and will break away at anytime anywhere in the chart.. and my plan is designed to survive rangey days and even make some money like today.. (three solid enteries and exits each good for atleast 20+.. starting 3hr prior to NY open).

i want to share a stroy with u guys..
some time ago Fed's was supposed to give out a very important rate change and follow up with a Bernakey speach.. all the big guns and super power investors were all ears.. all breaths were on hold till the announcment.. afterward, it was asked of Warren Buffet how he would do things differently from here on.. he said: i wouldn't do anything different even if Bernakey would have whisperd privately in my ears about the rate decision outcome and detail of his speach.. !!! wow..
this one small sentence hit me hard... made me realize that you got to have a plan and u need to stick to that plan.. and watch things out on your own end.. and it made definatly to disregard all speculations, predictions, making sense out of market and pay too much attention to past actions and whatever that fits in those lines.

Price as my only indicator..
My plan..
and how i excute my plan..
are my only edge in this market, period.

I see you all tomorrow..

I took one shot (gray shade) for -8 loss and took off right after..
but if i would have countinued trading i would have taken shots at where i have market blue shades.. those trades are good for about 50..
and i dont take into account the nice bull ride right after london open.. to be honest I would not have trust the price toomuch at the time when i got the fcr1..

so not as bad of a day, IF u stuck with the plan ofcourse ..

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

I only got one trade in today for a -1 -

Fx great awareness - once again you hammer home the simplicity of the plan and too stick to it. I had to deal with trading on the phone today instead of a platform which crashed for a couple of hours prior to NY. So my charts have this big gap in them. After that it was better to stay away and chalk today up to the price of doing business.

Hey FX,

I'll take you on for a game when we meet in Vegas in couple of years...
My motto is " stick to the plan" ! And you just confirmed it again.

See you all tomorrow again...

Hi everyone, just saying good morning from sydney , time to get to work.

Hi All,

Here are my trades +18 today. I was not available the whole of the day to trade.

Are you going to one of the fantastically welcoming pubs in Redruth then ?

[quote=turnip15;3222954]Are you going to one of the fantastically welcoming pubs in Redruth then ?[/quo

Ha ha, no way man! not brave enough to go drinking in Redruth! Im in Rock near wadebridge.


Morning guys, all the best today

Lets see how she goes

Might have known you'd make a liar out of me and profit from a difficult day.

Good morning everyone,

Ready to go another day....

I've been trading yesterday and I was involved in several nasty fakes, but by aplying the appropriate defensive plays and taking almost every shot, I got to survive the day with a BE result.....

Anyway, this is gonna be another different day.......

Good Mrng Legends,

I am long from 1.4987. (FCR)

With you on this.....

Let's see how it unfolds...

Playing #1 here ... I hope I can play this well.

If I learnt correctly I have nothing in the bag till I close it , wont be shy and take it back, I aint got it yet ... will let it ride and let price action guide me.

that is a fcr inside a bracket, becarful with those, it worked this time.. but ur better off to take the BB breakout up on top at 90s area..

My SL is at BE now, and l'm gonna let it be to see if it can go through the fuc%&%$$%% 1.50 area where it was rejected so many times....

Cheers FX ... I am glad you pointed that out ... as was not sure completely sure if I should play that or the higher level.