The System II (Yes with irony) | Page 569 | Forex Factory

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We all need pivots to win..yes or not? 13 replies

The System (Irony included) 1,175 replies

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The System II (Yes with irony)

  • #11,361
  • Nov 20, 2009 7:34am Nov 20, 2009 7:34am
Long 1.4836
You wont survive without preserving!!!
  • #11,362
  • Nov 20, 2009 7:36am Nov 20, 2009 7:36am
Quoting coronajazz
Long 1.4836
same here
Money is made by sitting, not trading. Jesse L. Livermore
  • #11,363
  • Nov 20, 2009 7:40am Nov 20, 2009 7:40am
out at -3
You wont survive without preserving!!!
  • #11,364
  • Nov 20, 2009 7:53am Nov 20, 2009 7:53am
Quoting coronajazz
out at -3
I had same trade out -8
Dance with the market .. I have two left feet
  • #11,365
  • Nov 20, 2009 7:53am Nov 20, 2009 7:53am
out +2pips
Money is made by sitting, not trading. Jesse L. Livermore
  • #11,366
  • Nov 20, 2009 7:55am Nov 20, 2009 7:55am
ha ha,i'm out and price goes back up
Money is made by sitting, not trading. Jesse L. Livermore
  • #11,367
  • Nov 20, 2009 7:57am Nov 20, 2009 7:57am
G+ example here for u.. I froz the pic..

u see i got triggered and rightaway price turn and cross of level line By 3pips.. (the arrow).. ok..
i will not get all panicy when there is a cross.. but i watch the price speed and momentum.. if its decent/normal and its not coming at me too hard I hold my ground for a bit more.. and as u see price kicked back up again.. and now i got a pretty good defining exit point only a few pips away from my entery..
and now u see the result.. i am still in the trade and alive..

just wanted to show a examole live..

http://cdn.forexfactory.com/images/attach/gif.gif
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  • #11,368
  • Nov 20, 2009 8:01am Nov 20, 2009 8:01am
Quoting fxachilies
G+ example here for u.. I froz the pic..

u see i got triggered and rightaway price turn and cross of level line By 3pips.. (the arrow).. ok..
i will not get all panicy when there is a cross.. but i watch the price speed and momentum.. if its decent/normal and its not coming at me too hard I hold my ground for a bit more.. and as u see price kicked back up again.. and now i got a pretty good defining exit point only a few pips away from my entery..
and now u see the result.. i am still in the trade and alive..

just wanted to show a examole live.....
Thanks FX I am learning by doing today and I have observed myself giving in tooo quick. Your example is welcome and informative

Thankyou
Dance with the market .. I have two left feet
  • #11,369
  • Nov 20, 2009 8:05am Nov 20, 2009 8:05am
Quoting fxachilies
G+ example here for u.. I froz the pic..

u see i got triggered and rightaway price turn and cross of level line By 3pips.....
Nice explanation Fx! Thanks! When it went through to -9 and then up to -3 I just freaked out and grabbed that!
You wont survive without preserving!!!
  • #11,370
  • Nov 20, 2009 8:13am Nov 20, 2009 8:13am
this PA action is so weird.. jumpy as hell.. I dont know what the hell is going on.. the damn calendar is clear for rest of the day.. maybe some idiot is giving out a speach or something..
anywasys, I exited for +13..
  • #11,371
  • Nov 20, 2009 8:26am Nov 20, 2009 8:26am
thank for your explanation,i will now stop demoing till next week,i'm going to read posts,till then,happy weekend and good luck by trading to all!
cheers!
Money is made by sitting, not trading. Jesse L. Livermore
  • #11,372
  • Nov 20, 2009 8:27am Nov 20, 2009 8:27am
Quoting fxachilies
this PA action is so weird.. jumpy as hell.. I dont know what the hell is going on.. the damn calendar is clear for rest of the day.. maybe some idiot is giving out a speach or something..
anywasys, I exited for +13..
Only thing on my calender is options day
Dance with the market .. I have two left feet
  • #11,373
  • Nov 20, 2009 8:29am Nov 20, 2009 8:29am
I think it's futures expiration day today
$urvive, Pre$erve & RESPECT THE TEACHER
  • #11,374
  • Nov 20, 2009 9:49am Nov 20, 2009 9:49am
I left this reply to the thread for a few days as it was clear things were getting too hot last weekend and I didn’t want – how ever well meaning – to increase the temperature anymore than it was at that stage.

The first thing I would like to say is a thank you, to both Feb and Fx for the thread itself, their posts, contributions and guidance to people with their trades. Nobody here is paid to post so when people give ideas, trades and their knowledge away everyone should respect their contribution as valid.

I would also like to say directly to FX that I would like to congratulate him for taking the thread up in Feb’s absence and making it work, without him there would be no thread at all. I have previously always stated that Fx has been more than generous with his explanations and time and I repeat that again here. He is a good man, if not direct. There was one element which convinced me of that way back when he mentioned something about earning enough to buy Jack Nicholson’s seat at the Lakers and with the rest, being able to help people through projects he chose. Additionally, if you check the timings many are on here 16 hr per day, Fx included. We have all benefited from his guidance and knowledge and consider this – he puts his head on the block by posting live – in the knowledge that probably many of the silent guys are trading live in the shadows on the back of his trades doing take, take take……..

Regarding my own posts as I stated I think the first time I posted on the thread I rarely get involved in forums per se, but the system II with irony had something in terms of the way Feb laid out the idea and presented the approach. Being a price action trader pure I was surely interested in that. At all times, I have attempted to post in the hope that the text will at least be of interest and hopefully bring something to the table – I am not a taker – and will also give something back or at the very least show appreciation for the existence of the original idea and thread.

From a personal point of view I dislike intensely either being part of, or causing an issue for people and any post that I put up was never intended to do so.

On a different personal note, as I mentioned to FX sometime back, my reason for being in the trading game is two fold, firstly to better my own position and that of my family like most of us here, secondly in addition, we have over here since a long time, very high unemployment , nearly 35% amongst the under 30 category, and so for some years now I have been looking at setting up a trading school for people who have the energy and will to attempt trading but lack the resources, or knowledge or who have bad work prospects, so that they in turn can help themselves and their on families and in time others less fortunate than themselves. We would resource money from the city for the guys who were proven to be good.

In my head, I have never stated this, I had it in my mind that when I get the office set up there would be guest speakers on trading subjects and on price action yes why not Mr Feb and/or Mr Fx themselves if they would be generous enough to pass a day or two in my town , when they are passing – I have a nice flat at the top of my house all laid out for guests. We have 500 beers and a lot more. And further – I think we all know that a lot of trading is in the head and here on the thread we have Mr Macdaddy who I see is psychologist and maybe he will spare a day to come and talk as the guest trading psychologist. So who knows?


Anyway, I hope this clears up any remaining points, so good trading to all.
Survive and Preserve
  • #11,375
  • Nov 20, 2009 12:05pm Nov 20, 2009 12:05pm
Moved SL to BE
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  • #11,376
  • Nov 20, 2009 12:31pm Nov 20, 2009 12:31pm
Took the +12, just couldn't push down through 4839
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Quoting tptrading
Moved SL to BE
Attachment
  • #11,377
  • Edited 1:21pm Nov 20, 2009 12:50pm | Edited 1:21pm
Hi Feb and Fx,

Last months I've been reading this thread. I really admire you're work, mentorship and leadership. I made a summary of this thread, mostly your contributions in MSWord. Its more than 60 pages with what I found the most useful. I use it only for my own reference and that's why I did not post it. It was a job reading through the posts, but the repeating of some messages is very (!) useful.
I did not post any trades because I am just starting up with this method. I am doing this with a (very small) live account at Oanda. I think I have to obbey to the framework of the system before putting in more money. Also I know the greatest obstacle to getting good results is me myself not following the "not in stone set rof rules". So I have I hard job to do. So whenever you decide to leave or kill this thread and go elsewhere I ask you humbly to take me with you.

Thanks,

FP

P.S. Also thanks to all the other (positive) helping contributors of this thread.
P.S.S. I can only trade 18:00 hours to 22:00 hours (approximately) GMT+1
Posting Demo charts, mirroring some of them live.
  • #11,378
  • Nov 20, 2009 1:24pm Nov 20, 2009 1:24pm
Quoting PaulLangham
I left this reply to the thread for a few days as it was clear things were getting too hot last weekend and I didn’t want – how ever well meaning – to increase the temperature anymore than it was at that stage.

[font=Times New Roman][size=3]The first thing I would like to say is a thank you, to both Feb and Fx for the thread itself, their posts, contributions and guidance to people with their trades. Nobody here is paid to post so when people give ideas, trades and their knowledge away everyone should...
Paul

although I appreciate your comments and everything, I suggest you contact me as soon as possible.

Thanks..
Peace
  • #11,379
  • Nov 20, 2009 2:16pm Nov 20, 2009 2:16pm
Quoting skyline
Guys , listen me when something like this with Trader_V happens over a thread , it's very simple for all of us to report to moderator the single post so that proper action will be taken. You can do this by clicking on the tiny paint-brush near post #
In case of Trader V's post you can click this link that I put here for your convenience : http://www.forexfactory.com/report.php?p=3249425

hope this helps

Cheers,
Skyline
Skyline, my friend....long time no see.......I have a lot of admiration and respect for you,,,,,

le mie considerazioni a lei e la sua famiglia..

Hope I say it right..
Peace
  • #11,380
  • Nov 20, 2009 2:25pm Nov 20, 2009 2:25pm
Quoting feb2865
Skyline, my friend....long time no see.......I have a lot of admiration and respect for you,,,,,

le mie considerazioni a lei e la sua famiglia..

Hope I say it right..
Dear Feb, thx for you kind words I'm very very happy to see that your health is well and this thread is still alive and with a lot of followers.
I have no words to express my gratitude for what you are doing here helping us to become real traders , you are a great person !

Un abbraccio a te a alla tua famiglia !

Skyline
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