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The System II (Yes with irony)

  • #12,141
  • Dec 2, 2009 7:10am Dec 2, 2009 7:10am
watch out for news at 1.15. my memory rubbish but fairly sure last time we had usd non farm the charts went a little nuts. (in 5mins)
  • #12,142
  • Dec 2, 2009 7:13am Dec 2, 2009 7:13am
Quoting iak
watch out for news at 1.15. my memory rubbish but fairly sure last time we had usd non farm the charts went a little nuts. (in 5mins)

the big one is friday... this is the baby ADP...

my advise is to stay put and if there is a big reaction.. wait 20-30 min or so then take the pull..
  • #12,143
  • Dec 2, 2009 7:14am Dec 2, 2009 7:14am
Quoting fxachilies
the big one is friday... this is the baby ADP...

my advise is to stay put and if there is a big reaction.. wait 20-30 min or so then take the pull..
ok, nice one thankyou.
  • #12,144
  • Dec 2, 2009 8:46am Dec 2, 2009 8:46am
Hello,
Today practicing my studies and with one eye looking at thr charts. Had oportunity enter short on 5077 took half of position on +15 and now playing #2 with another half.
Someone on this trade too?
"Even a million miles journey starts with one single step"
  • #12,145
  • Dec 2, 2009 9:21am Dec 2, 2009 9:21am
Out at BE so +15 of half size
"Even a million miles journey starts with one single step"
  • #12,146
  • Dec 2, 2009 10:11am Dec 2, 2009 10:11am
checkout who is off the plan... and what happen to him...
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  • #12,147
  • Dec 2, 2009 10:28am Dec 2, 2009 10:28am
Macdaddy.... please rescue me.. lol

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  • #12,148
  • Dec 2, 2009 10:49am Dec 2, 2009 10:49am
Quoting fxachilies
Macdaddy.... please rescue me.. lol

http://cdn.forexfactory.com/images/attach/gif.gif
What lessons should we learn from this week so far?
  • #12,149
  • Dec 2, 2009 11:20am Dec 2, 2009 11:20am
The plan is not only about entries, exits and trade management.

Listening to Feb, FX and all of the senior`s here, I ve made my daily max loss (2%), and the time of day rules. (1h before the London until the London close). Anything beyond that, (lost my daily limit, or outside the time range) it can be the best FCR, BB, 123 you can get,it can be even Trichet calling me on the phone telling me he`s gonna raise the rate by 5 full points tommorow, I wont take it. It can be the runner of the century, 500 pips straigth up, I dont care, cause if I do, it will just put me in trouble. If I miss an oportunity for a runner inside of these limits, the blame is on me, and if it happens outside of them, it is the market cycle. Anyhow, the market cycle is gonna take care of the probabilites from there on, since the time frame in which I choose to trade is high volume and thus "runner friendly".

P.S Just kidding about that Trichet tip, sure I am gonna take it - maximum size, and I will tell everyone of you guys, but dont tell anyone ok?

I am expecting a phone call
You wont survive without preserving!!!
  • #12,150
  • Dec 2, 2009 11:28am Dec 2, 2009 11:28am
Quoting DesertFX
What lessons should we learn from this week so far?

i dont know u tell me?



i say lets buy a crystal ball..
  • #12,151
  • Edited 12:08pm Dec 2, 2009 11:53am | Edited 12:08pm
i am still in this long trade..
everytime that there is a retrace I hope that it will turn into a long runner.. i pray that it will make a fcr and a double bottom instead of Breaking the LL again.. i wish i had got out at -3 and again at -7 and again at -12.. i got greedy and wantedonly to close at BE... then BAMMMMM no time to react and got into a hole. did i fear losing one more time on one more fakeout? well, a yes answer would be a understatment..
did i deviate from the plan... hehehehehe.. i guess i can say i personify it atm.. lol.. am I going through all the shit feelings that is highlighted above?.. hell ya.. do i like it? oh yes... i love it.. its the way to the top... oh pleaseeeeeeee.

there u have it..
my plan is designed exactly for this reason... to simply avoid going through such feelings more than anything else.. all the x's and o's is out the door if u aint got it mentaly and no sound RM inplace.

i hope it sinks in for u guys.. that a bad day could get worst than u can ever imagine, it is u loseing control instead of staying incontrol and turn it around the next time, whenever that may be.. but we know for certain that market give us equal amount of postitive opportunities aswell..

this might be a sleepless night for me.. lol.
cheers anyways..
  • #12,152
  • Dec 2, 2009 11:59am Dec 2, 2009 11:59am
Quoting coronajazz
The plan is not only about entries, exits and trade management.

Listening to Feb, FX...
When that happens, it's better to close the charts...trust me....you're already addicted to this....face it......everyone here is addicted to trading to some extent.
Peace
  • #12,153
  • Dec 2, 2009 12:09pm Dec 2, 2009 12:09pm
I gave all of you a fair warning about December some moons ago - December is like a jackbox - could be a life-saver or an account killer.....

Actually, I made that warning twice...none acknowledge me as far as I remember...

Last year was very directional - Dec 2007 was a mess...etc....

PD: I have 995 posts - I said long ago that my 1000 post will be my last post here at forex factory...so I f you have anything to ask, there's 5 post left.......if I don't change my mind....
Peace
  • #12,154
  • Dec 2, 2009 12:09pm Dec 2, 2009 12:09pm
Quoting feb2865
When that happens, it's better to close the charts...trust me....you're already addicted to this....face it......everyone here is addicted to trading to some extent.
I'm an addicted too...

Always when I'm off the charts I feel like I'm missing something...

It is no good because you even force yourself to trade intradeble things.... lol...
  • #12,155
  • Dec 2, 2009 12:15pm Dec 2, 2009 12:15pm
Quoting feb2865
I gave all of you a fair warning about December some moons ago - December is like a jackbox - could be a life-saver or an account killer.....

Actually, I made that warning twice...none acknowledge me as far as I remember...

Last year was very directional - Dec 2007 was a mess...etc....
hi feb,
this just a bump.. one day is good, one day is bad.. one yr is good one yr is bad..
so we don't know for sure?

isn't better to screw all that and just stick to your own game plan and take it from there?
just a humble question brother?
  • #12,156
  • Dec 2, 2009 12:17pm Dec 2, 2009 12:17pm
Quoting feb2865
When that happens, it's better to close the charts...trust me....you're already addicted to this....face it......everyone here is addicted to trading to some extent.
Never thougth of it this way. It is another of Mr. Market`s tricks. He makes you think of it as passion. But is deffinitelly addiction.

Thanks Feb!

Daily loss rule! Very important!
You wont survive without preserving!!!
  • #12,157
  • Dec 2, 2009 12:22pm Dec 2, 2009 12:22pm
Quoting fxachilies
hi feb,
this just a bump.. one day is good, one day is bad.. one yr is good one yr is bad..
so we don't know for sure?

isn't better to screw all that and just stick to your own game plan and take it from there?
just a humble question brother?



1) many big guns take Dec off - this year it might be that case...not sure but looks that way. We need them in order to make a push...actually is not on vacation necessary, they migrate to other markets.....then...

2) Forex could be bad but there's some other markets......not everything is dry.....Gold looks good for Dec.... The probelm with all markets beyond the spot is that you must be well-capitalized in order to make a living...that's also true in the spot but still you can manage to make some coins while you're getting on the profit side..

3) You don't like to play ping pong but as you see....in this market becomes handy.....
Peace
  • #12,158
  • Dec 2, 2009 12:36pm Dec 2, 2009 12:36pm
Quoting feb2865
1) many big guns take Dec off - this year it might be that case...not sure but looks that way. We need them in order to make a push...actually is not on vacation necessary, they migrate to other markets.....then...

2) Forex could be bad but there's some other markets......not everything is dry.....Gold looks good for Dec.... The probelm with all markets beyond the spot is that you must be well-capitalized in order to make a living...that's also true in the spot but still you can manage to make some coins while you're getting on the profit side.....
ah ping pong.... u right... i think i rather lose.. lol.. i strongly believe thats a even game at best.. but thats just me the Forest Gump.

big guns push the market.. i agree.. but we just don't know.. so there is nothing for me to take away in favor there..

but i think one's can do just fine if stick to his own gun on daily basis and don't deviate toomuch.
looking at it in the long haul it produces the goods 10 months out of the year.. so I take those odds.

now all this nonesense aside... why are leaving after 1000 post? if u don't mind me asking..
  • #12,159
  • Dec 2, 2009 12:49pm Dec 2, 2009 12:49pm
Quoting fxachilies
ah ping pong.......
You don't know, that's ok..... but I am giving you the hint - right now...in the flesh.....just put it on your sticky ....You know me brother..I won't hold any info like that...As for any changes on market behavior at higher levels, you'll know first...that's a promise...

Well the hint is also public...our idea is to help everyone right?

Just make a good assessment on the situation and take ur best shot....

Yes, is good to stick to your guns but also remember that I said many times market goes in cycles...well here you have one....if forex gets directional like last year we're gonna have new millionaires on the block...if not......

too early to tell.

The 1000 post is something I mentioned somewhere...don't remember....just that I see the number coming.......I think it was a pm I sent to clockwork71..gotta check on that...
Peace
  • #12,160
  • Dec 2, 2009 1:10pm Dec 2, 2009 1:10pm
Quoting feb2865
You don't know, that's ok..... but I am giving you the hint - right now...in the flesh.....just put it on your sticky ....You know me brother..I won't hold any info like that...As for any changes on market behavior at higher levels, you'll know first...that's a promise...

Well the hint is also public...our idea is to help everyone right?

Just make a good assessment on the situation and take ur best shot....

Yes, is good to stick to your guns but also remember that I said many times market goes in cycles...well here you have one....if forex...
I am all for that making the assesment based on what u see... I am not sure if i can trust even if bernaky will whisper in my ears about what he will do next.. but what i see infront of my eyes.. yes all for that.. for eg. if u see the chopp monster then stay put.. no strategy in the world will help there.

about the 1000 post... feb forget all that... u told me not to long ago this a family and its our legacy and more than just trading happening here.. i took those words to heart and came back.. now ur gonna leave me hanging and you brothers in here... c'mon forget the 1000 post pm to some guy.. i am nobody to tell u what to do.. but i am repeating all the words that u told me back to you.. and would love for u to stick with us.. i know we ain't got much more to give based on X's and O's but we can do the joy of all and thats to spread karma.. you taught me that.

C'mon on no more quiting after 1000 post, for your little brother here, even if u have to post once a month.
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