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The System II (Yes with irony)

  • #12,241
  • Dec 5, 2009 9:33pm Dec 5, 2009 9:33pm
Quoting fxachilies
very good.. i hope it "makemillions" for you.. lol.

I am sure you are doing that soon fx
Don't stop believing
  • #12,242
  • Dec 6, 2009 2:50am Dec 6, 2009 2:50am
Feb and Fx and others said good things on psychology. I just read this one which I thought I'ld post here. Maybe it helps someone:
“The past can be simply written off, closed, forgotten, insofar as our emotional reactions are concerned. We do not need to take an emotional position one way or the other regarding detours that might have taken us off course in the past. The important thing is our present direction and our present goal. We need to recognize our own errors as mistakes. Otherwise, we could not correct our course and steering or guidance would be impossible. But it is futile and fatal to hate or condemn ourselves for our mistakes.” (From Psycho-Cybernetics by Dr. Maxwell Maltz)
Posting Demo charts, mirroring some of them live.
  • #12,243
  • Dec 6, 2009 5:33am Dec 6, 2009 5:33am
Ok i want to say one thing this week i was more waching the market than trading. i was out becouse of my studies and next week will be like this too cause i have few concerts with my trio encemble.but friday evening i got few hours to trade and look i took +74 pips on EU and +126 pips on GU with STICKING TO THE PLAN!!! This is simply amazing for me i newer had trades like this and i know if i would trade all this week with range market all #g2 trades all fakouts and....Trades like this would shoot my account into profit! Is'nt it just amazing that total newbie like me can gain proofit like this! I was in shock and after had big party with friends so i am posting this only now. Want to say THIS IS JUST AMAZING! but if you are STICKING TO THE PLAN NO MATTER WHAT!!!!
You cannot imagine how thankfull i am for this!!!
P.S posting only EU cause this is one of the thread rules
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"Even a million miles journey starts with one single step"
  • #12,244
  • Dec 6, 2009 5:36am Dec 6, 2009 5:36am
Once again guys thank you millions of times i have the path now thank you for that!!!
"Even a million miles journey starts with one single step"
  • #12,245
  • Dec 6, 2009 7:00am Dec 6, 2009 7:00am
Quoting fxachilies
coronajazz & afew others..
stop damaging yourself with negativity.. it will do you no good and whole bunch of harm.. thats how market is sometimes.. its DEC.. end of the yr.. its expected to be like this.. you got two choice brother.. one, you can close ur system and come back on Jan.. two, you can keep on trading and "make out with the fakeout" (refer to Macdaddys rap post).. but whatever you do, don't express displasure and complaining.. I have been watching your post this week along with other and i am not singeling you out by no means..

this...

Yep, I hear you FX. taken on board and will be positive from now on. I have found myself in a negative cycle lately. I will continue to trade December. at least it can only get better as we move out of december and the lessons learnt about account preservation will be very valuable. Appologies everyone. Now, back to being a winner!
  • #12,246
  • Dec 7, 2009 1:04am Dec 7, 2009 1:04am
Good morning everyone!

I ve finished the thread,finally, and altghough all the great guidelines and shortcuts there are I can say there is no substitute to reading it all.

I also want to appologise if I, being ignorant of some events, said something offensive on negative in anyway. I understand now. I am sorry about that.

Anyway I tested the break above 1.4900 very early in the morning for a small loss, and now going long 1.4908 and short 1.4878 for the bracket.

Happy trading week to all systemers 2!
You wont survive without preserving!!!
  • #12,247
  • Dec 7, 2009 1:09am Dec 7, 2009 1:09am
Quoting coronajazz
Good morning everyone!

I ve finished the thread,finally, and altghough all the great guidelines and shortcuts there are I can say there is no substitute to reading it all.

I also want to appologise if I, being ignorant of some events, said something offensive on negative in anyway. I understand now. I am sorry about that.

Anyway I tested the break above 1.4900 very early in the morning for a small loss, and now going long 1.4908 and short 1.4878 for the bracket.

Happy trading week to all systemers 2!
do U like it?
Peace
  • #12,248
  • Dec 7, 2009 1:15am Dec 7, 2009 1:15am
Quoting feb2865
do U like it?
What?

The thread or the cold shower early morning test ?



I like them both!
You wont survive without preserving!!!
  • #12,249
  • Dec 7, 2009 1:25am Dec 7, 2009 1:25am
Quoting coronajazz
What?

The thread or the cold shower early morning test ?



I like them both!
ah! nice LOL!
Peace
  • #12,250
  • Dec 7, 2009 1:50am Dec 7, 2009 1:50am
Quoting feb2865
ah! nice LOL!

Hi Feb, this isn't your "normal" trading time. Nice to see you up and well sir.
Any advise for us early birds?
d
  • #12,251
  • Dec 7, 2009 2:12am Dec 7, 2009 2:12am
Passed the first hurdle. In the money now. Stop at brakeeven.
You wont survive without preserving!!!
  • #12,252
  • Dec 7, 2009 2:42am Dec 7, 2009 2:42am
Probably the biggest runner i've seen whilst learning the system II, that isn't news related, stop to 1.4820 locking in +41, wow, still falling!!
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  • #12,253
  • Dec 7, 2009 2:43am Dec 7, 2009 2:43am
A question for the VIP`s.

So now I am in gain 88 pips for the moment. But it was a very fast straigthforward ride without leaving any levels behind. The next one where I can put my stop is at +18, but that is a lot of gain to give back. How do I protect from it now?

My idea is to protect a percentage of the gain like 50 % or 60 %. I think Moneda adviced something like this somewhere in the thread.

Any ideas?
You wont survive without preserving!!!
  • #12,254
  • Dec 7, 2009 3:14am Dec 7, 2009 3:14am
Quoting coronajazz
A question for the VIP`s.

So now I am in gain 88 pips for the moment. But it was a very fast straigthforward ride without leaving any levels behind. The next one where I can put my stop is at +18, but that is a lot of gain to give back. How do I protect from it now?

My idea is to protect a percentage of the gain like 50 % or 60 %. I think Moneda adviced something like this somewhere in the thread.

Any ideas?
I'm curious to hear the VIPs responses too, i was stopped out at 1.4780, for +81, for what i thought was a 'semi' obvious place for a stop.
  • #12,255
  • Dec 7, 2009 3:16am Dec 7, 2009 3:16am
Quoting coronajazz
A question for the VIP`s.

So now I am in gain 88 pips for the moment. But it was a very fast straigthforward ride without leaving any levels behind. The next one where I can put my stop is at +18, but that is a lot of gain to give back. How do I protect from it now?

My idea is to protect a percentage of the gain like 50 % or 60 %. I think Moneda adviced something like this somewhere in the thread.

Any ideas?
You are at +88 right now. Whatever happens, I would not get less than 50 pips here. No clear cut rules. Just you and your appettite. At this point, it's up to you how to play. Your job is done.

Now, if you want more, wait for a retracement and the formation of an FCR (watch out a sudden spike if that threatens your running positive P&L). Then play a proper #1 and set your SL above that FCR. In no case you should stay on the deal if any FCR is broken.

Hope it helps. If someone disagrees, please let me know. Still learning.
  • #12,256
  • Dec 7, 2009 4:02am Dec 7, 2009 4:02am
Thanks Elizo!

Stopped out with +69 pips. Here`s the chart. I left more than 50 pips on the table, but from what I see there was no other way for me to play 1#. Any comments welcomed???
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You wont survive without preserving!!!
  • #12,257
  • Dec 7, 2009 4:28am Dec 7, 2009 4:28am
Quoting coronajazz
Thanks Elizo!

Stopped out with +69 pips. Here`s the chart. I left more than 50 pips on the table, but from what I see there was no other way for me to play 1#. Any comments welcomed???
Hey corona,

that is a perfect #1 play ,well done
  • #12,258
  • Edited 6:01am Dec 7, 2009 5:30am | Edited 6:01am
congrats to skris & coronajazz and everyone else who banked big.. hard not too.. ..

elizo.. nice job for your guidences.. perefect answer..


my 2cents..
this one simpley falls into scenario 3.. which it means, things are simple, ur well into profits and your options are open.. u can wait for fcr.. you can bank anyhow u want.. just whatever you do, dont baileout prematurely.. give the price some room on manover... bcz it can simply turn around and run for another 100pips..
my emphasis are more on early stages of the runs.. how u should handel the 1st and 2nd hurdels.. so, it leads to not you bailing out early and missing out on countiuation of the run.. bcz thats the type of situation (scenario 1&2)that we deal with most of the times..
and.. sometimes you will get rides like this one that it runs for straight 100 pips before any hiccup.. in these cases, its wise to at first look for small fcr.. if none given and its eating toomuch away from the profit then its best to bank atleast half prefarbly 2/3.. thats what i did..
i was at lunch.. but i set the appropriate sl..

congrats to all.. its safe to say that this is a different monday morning.... and safe to say that this thing called "PLAN" works.. it was long due though..

be aware.. we got two clown speaking today ( oh ya thats right i said it.. clown..clown..lol)
  • #12,259
  • Dec 7, 2009 9:56am Dec 7, 2009 9:56am
I've just signed up with FF after having read many of the posts of this highly interesting and intriguing thread that I came across by accident. Not quite finished reading yet but I think I have a good grasp of what the strategy is about. In my view one of the best "simple strategies" around. I have been involved in trading (futures mainly) for some years and recently started to manage my own funds. I know first hand that patience (waiting for the right set up), a game plan (knowing when/how to trade) and DISCIPLINE (doing what the plan tells you to) are the keys to success. With my own money on the line and trading naked rather that relying on a "model" I hope I can live up to the standards set by so many in this thread. I have started small just to get my feet wet and hope to work my way up. I've never before participated in fora, so can only hope to contribute something useful over time. Would be honored to join Feb's class and learn more from the Master himself.
  • #12,260
  • Dec 7, 2009 10:42am Dec 7, 2009 10:42am
Quoting heronlake7
I've just signed up with FF after having read many of the posts of this highly interesting and intriguing thread that I came across by accident. Not quite finished reading yet but I think I have a good grasp of what the strategy is about. In my view one of the best "simple strategies" around. I have been involved in trading (futures mainly) for some years and recently started to manage my own funds. I know first hand that patience (waiting for the right set up), a game plan (knowing when/how to trade) and DISCIPLINE (doing what the plan tells...
Welcome to the thread, Heron. Take a sit, feel comfortable, grab a cold one and have fun.

All experiences are great and welcome. So up to you to drop here what you may think it's interesting. It will certainly be.
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