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The System II (Yes with irony)

  • #11,721
  • Nov 25, 2009 2:51am Nov 25, 2009 2:51am
guys,i'm already on the way down @5010,is it a fcr2???,or i'm wrong???
Money is made by sitting, not trading. Jesse L. Livermore
  • #11,722
  • Nov 25, 2009 2:52am Nov 25, 2009 2:52am
Also out at BE...great trade and lesson!!
Reload and keep on testing...
Thanks FX

Quoting fxachilies
ahhhhhhhh your out at BE... OMG we left 15pips on the table...
lets do the feb thing in here.... buha buah buah.. some more buah buah.. here is a visual ..

lol.. give me a break..

Next bus..


thats the price u pay for runners.. nothing comes for free.. if u can cope with that and apply what i just did right there u will never catch a bigtime runner.. if u do is not consisten its by luck and are the easy ones..
I follow THE PLAN to Survive & Preserve..
  • #11,723
  • Nov 25, 2009 2:53am Nov 25, 2009 2:53am
Ok I am still in war with myself. I am willing to pay -8 for this one.Still holding
"Even a million miles journey starts with one single step"
  • #11,724
  • Nov 25, 2009 2:54am Nov 25, 2009 2:54am


Quoting fxachilies
ahhhhhhhh your out at BE... OMG we left 15pips on the table...
lets do the feb thing in here.... buha buah buah.. some more buah buah.. here is a visual ..

lol.. give me a break..

Next bus..


thats the price u pay for runners.. nothing comes for free.. if u can cope with that and apply what i just did right there u will never catch a bigtime runner.. if u do is not consisten its by luck and are the easy ones..
Survive and Preserve
  • #11,725
  • Nov 25, 2009 3:16am Nov 25, 2009 3:16am
Still holding Price have another chance
"Even a million miles journey starts with one single step"
  • #11,726
  • Nov 25, 2009 3:18am Nov 25, 2009 3:18am
guys i say this with utmost respect..

please do not look for spoonfeeding.. i see alot of people put up questions if this setup or that setup is right!!! staments such as: am i correct guys? does this look right? should i...... ? daddy.. daddy watch me.. am i peddling right?.. C'mon guys...
the matarial is there.. look it up and go with it.. if u make a mistake, big deal.. u learn better and more effectively through your own mistakes.. that is a fact.. trust me.. thats how i put this damn thing together by making mistakes and then doing my homework by cut and pasting and finally narrowing it down to a plan... now, you on other hand been handed this on a silver platter.. but it requires some diging of you own.. ur the one that got to excute at last and live and die with ur decisions.. and the reason i am a little hard here with u atm is bcz the hard cold fact is that u got to do this on your own eventually.. and i want you to be prepared for that.. eventhough i know that it has given me a bad name.. but u think i give shit... i know 5 out of 100 of you really get what i a saying here and that is good enough ratio for me.. if i can bring wealth to 20 people in a yr and piss of 500 sissies so be it.. but i know all those guys had the same chance of the 20 wise ones..

don't get me wrong guys.. i don't mind sound questions and i normally respond back in a timley manner.. but i do ignor the rest..

anyways, i felt it was necessary for me to bring this up..
keep on plugging..
  • #11,727
  • Nov 25, 2009 3:19am Nov 25, 2009 3:19am
Quoting fxachilies
ahhhhhhhh your out at BE... OMG we left 15pips on the table...
lets do the feb thing in here.... buha buah buah.. some more buah buah.. here is a visual ..

lol.. give me a break..

Next bus..


thats the price u pay for runners.. nothing comes for free.. if u can cope with that and apply what i just did right there u will never catch a bigtime runner.. if u do is not consisten its by luck and are the easy ones..

I guess.... You are still in long trade???? Yeah????
  • #11,728
  • Nov 25, 2009 3:23am Nov 25, 2009 3:23am
New orders long 5033 short 5004. Has to go somewhere
You wont survive without preserving!!!
  • #11,729
  • Nov 25, 2009 3:28am Nov 25, 2009 3:28am
Quoting fxachilies
guys i say this with utmost respect..

please do not look for spoonfeeding.....
good call fx..here's a funny vid from chopper
to summarise what your saying...
Inserted Video
  • #11,730
  • Nov 25, 2009 3:37am Nov 25, 2009 3:37am
now back to teaching on the long trade we had earlier..

u guys have seen me talk about a lot about levelline.. price reacts to level lines not your entery line..
so in such situation as this.. u have the option to not put your sl and BE but rather 3pips under the levelline.. that what i do mostly specially if price is not coming at me with major speed..
now does this sounds like a double talk!!! maybe.. but thats what trading is.. bcz this beast is so vast and beyond our imaginations.. so it requires some flixibility in the part of the trader but with a leash on it as u must keep everything in the back of your mind and learn to put each tools to work at the right time..
that is my friends called trading at art.... its a fact.. thats why systems don't work consistently.. but a good trader can and will produce consisten results year in year out..

now i try to show u guys different shapes and forms within our style and plan here..

consider today as my extra gift to you for me being in a extra good mood upon Thanksgiving weekend.. my favorite holiday of all.. the time of giving and loving..

I be out tommorw with my couple of my buddies after lunch to serve food in the poor neighborhood doing my part to give back..

stay tune i give u guys one more usefull post in couple of hours..

lunch time for me..

i am still long.. .. wot!!!! .. (sl below the level line)
  • #11,731
  • Nov 25, 2009 3:42am Nov 25, 2009 3:42am
[quote=fxachilies;3258632]guys i say this with utmost respect..

the matarial is there.. look it up and go with it.. if u make a mistake, big deal.. u learn better and more effectively through your own mistakes..


Money is made by sitting, not trading. Jesse L. Livermore
  • #11,732
  • Nov 25, 2009 3:49am Nov 25, 2009 3:49am
well, wish i had read FX posts a bit earlier!!! i got out the first long at + 9. went short and got out at -6 now long again at 1.50324 and having to go through all the stress of level lines etc again. if i had only let it test my level line in first place i wld be sitting calmly now instead of finger on eject button!! a good lesson though. thanks FX.
  • #11,733
  • Nov 25, 2009 3:56am Nov 25, 2009 3:56am
Got to go practice my studies so out +25
Have a nice day and lots of green!
"Even a million miles journey starts with one single step"
  • #11,734
  • Nov 25, 2009 4:00am Nov 25, 2009 4:00am
Quoting janqie
Got to go practice my studies so out +25
Have a nice day and lots of green!
nice profit there janqie. one of those a day and you laughing
  • #11,735
  • Nov 25, 2009 4:03am Nov 25, 2009 4:03am
SL moved to 3 pips under level line - might aswell give it a try eh!
  • #11,736
  • Nov 25, 2009 4:10am Nov 25, 2009 4:10am
I am waiting for the rest of the story - what happened with this currency chick phone left on the counter -
I make money anywhere in the world by taking orders
  • #11,737
  • Edited 4:57am Nov 25, 2009 4:13am | Edited 4:57am
Quoting fxachilies
guys i say this with utmost respect..

please do not look for spoonfeeding.. i see alot of people put up questions if this setup or that setup is right!!!
don't get me wrong guys.. i don't mind sound questions and i normally respond back in a timley manner.. but i do ignor the rest..

anyways, i felt it was necessary for me to bring this up..
keep on plugging..

I let go of the thread - which is why I come and go - but since I did, I have been consistently profitable. I found that other peoples' decisions often shook me off my own plan and I'd pay for it as often as gain. Part of my mind was on the thread rather than ont he PA and my plan. So I concur with you Fx...I'm sure there is a time to freewheel, let go and stop being a Newbie. I learned more when you ingored my questions than when you answered them - it made me an independent thinker. There isn't really much information to take in as far as set ups, entries, exits and defensive strats to this - just endless contexts in which to apply them and emotional/mental trickery to master. I also find my time away from trading really useful too - I get a lot of insight away from the charts. Don't get me wrong - I love the thread, the family and the wider community - some people have become my friends for life, I get a lot of reminders ( and learning) from the new people who post their questions and mistakes. But there is one thing that many traders have in common, and that is THEY STAND ON THEIR OWN TWO FEET. I respect that so deeply - no reliance on other people, and a ruthless determination to take responsibility for their own income and wellbeing. The fact that you are feeding the poor today my man says it all. Make money from your own endeavours, share the knowledge with those who want it and do good with the fruits of your effort. That is truly grown up behaviour.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #11,738
  • Nov 25, 2009 5:18am Nov 25, 2009 5:18am
Quoting SedonaPipper
I am waiting for the rest of the story - what happened with this currency chick phone left on the counter -
Well she finally came back and quickly i hit her with the most important question.. and that was: will u got out to dinner with me on friday night.. after she gaved the ok nod.. i hit her with one more thing!!!.. and that was.. that she never ever again to talk about her day job analysts spiel.. she laughed and agreed.. and right there she felt superbly fascinated about me.. ..lol.. you guys know why? bcz even she knows that at best analysts are right about half the times!!!!.. and she concured with me that a sucessfull trader must paint the picture for himself and analyse the market base on his own agenda and stick to it..
at last she also agrees that they are no more than speculators..

so my friends.. "build your house on the rocks not the sands."

and guess what.. after this dinner she be the one chasing after me now!!!.. lol..

The End.


I hope you found my story funny but mostly a usefull lesson.
  • #11,739
  • Nov 25, 2009 5:40am Nov 25, 2009 5:40am
Long from 1.5050 and running!
You wont survive without preserving!!!
  • #11,740
  • Edited 5:54am Nov 25, 2009 5:41am | Edited 5:54am
ok.. back to teaching..

if you guys notice through out the thread i have been preaching about how important the runners are and for sometime now i have also been stressing that preserving is as important.. but at the same time I dont want to see people get carried away with either.. as a trader u need to be felixible and adubtable... now how u can switch between the two!!.. its the art of trading.. it can't be thought in a form of clear cut set on stone rules.. all i can do is to teach each sepearatly.. and hope that with enough screen time devotion and sticking to the plan u can build this intution and feel for the market.. as i have..
now.. i come from zero ground of this thread started back 8 months ago learning and puting pieces together for myself.. just like you are doing so now..
now, i hope you can concur that i have never left you hanging..
so to help you out i will give you some structure based on what i do.. just like i have done so for you with the whole plan and everything..
and people that talk about me about contridicting myself.. well, i just dont give a fuck.. the wise ones and winners know what i am talking about..

so we are talking about #1.. (i see people struggling with it or not maximizing profit on a possible rough or semi rough rides.. like yesterday for example) when to play agressive #1 and preserve quickly and when to be less aggressive and go for more gain..

if you guys concur i will go on about it..
now.. i just dont want a simple.. yes go ahead FX please do so... no thats not gonna work my friends.. i want to know what part of it do u struggle with.. don't write me a novel.. lol.. just a short explanations.. u can pullup charts aswell for clearer explanations..

lets do it..



ps) still long.. and watch how 1.50 is getting crushed today.. lol.. unbelieveble... loving it.. +75 atm..
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