The System II (Yes with irony)

Yay... big sharks...they just come from nowhere don't they?

unlucky corona

i was dithering around thinking about short order 1.4726 and thinking better not its friday pm and its a bit jumpy then bam!

looking at previous years decembers you still get decent moves moves right up to xmas so next week will take all trades!

I tried twice around ur level entry
at 56 and 54 , lost 4 and 3 pips
entry succeed at 24 after wait news

Yes!

Now I am playing should of, would of, could of games in my head. Its for the best to call it a week.

But maybe if it forms nice FCR will take a long trade. I do not know. I had one nice reversal runner two weeks ago, friday pm.

Oh look. It is setting up nicely for #1 exit now

I spent last night reading most of this thread, I must say it was very insightful and confirmed what I was thinking in terms of my own trading strategy. I wanted to ask either Feb or anyone else, how successful you are? Do you all live off of your trading pay bills, buy cars, support your families through trading? I am at a junction point where I might have to go get a job or buckle down and trade, I would rather trade because of the freedom that comes with it, it does get boring but I just wanted to see how many of you are living off of your trading and making good money with it rather than just breaking even or losing? Thank you all for participating in this thread and to you Feb for starting it, I would greatly appreciate your honest opinion of trading which I feel would benefit others who stumble across this thread and its very timely and insightful knowledge. Thank you in advance for your reply.

Hi everyone,
Its my quiet time and I just got done reading all my pms and the pages i missed for the last two days..
i am overwhelmed with your thank you pms and now i see whole bunch more in the thread aswell.. I feel the necessity and respect, to respond to you aswell and Thank you all publicly.. and to clear couple of request of yours..

first thing first.. I thank you all for your gratitude and kindness.. most of you with your delight nice words have moved me, and its beyond my imagination.. I cherish it for life and I appreciated it greatly.

ok.. I see and hear many of you asking of me to come back to system II thread or open a thread of my own.
about the second part first.. i am not out for popularity never have been.. I am all about helping and giving back.. and i feel like i have done both in this thread.. there is not much else to add to this fellas.. whoever that could devote the time to read the whole thing should be able to pick up right from then, work at it, and eventually become sucessful.. I truly believe that..
.. and as for coming back!!.. i must say NO, so selfishly.. and i am sorry.. but i got good reasons for it.. lets just say that I deal with some behind the seen stuff that you just have no or could have any clue abouts.. so that, along with some of the obvious matters that u have been wintness as of late and the constant dealing with it all.. and just the overall forum thing has taken a toll on me.. I hope you understand my decision.
however, I will not totally ristrict myself from posting in here bcz i want to drop by every now and then to just say hello.. I know i have made alot of good friends in here and some of you are happend to become my very closed friends.. and its nice to know about your development process.. and I will attend to your pms if you really stuck and need my help.

I sure hope there is enough integrity left in the authorities of this forum and/or this thread so my fearwell post is not also erased along with my last afew other posts without my acknowledgment, and its allowed for my thank you return and goodbye post to stay here.

This is a great thread, and it allways be no matter what.. and you my good brothers, shall carry on.

take care my friends.. and my God bless you all.


One last humble advise from your little brother fxa:
Pick a winning Plan and stick with it..

Personally I run a business which is very successful but I also trade for now as a profitable hobby growing my trading account to make extra, to be able to continue to make money as I get older or become infirm. An investment for the future and fun right now.

Advice? IMHO DOn't burn your boats until you can make profits consistently for a decent time - trade real money - follow the plan in this thread - oh yes, and have fun.

Very very nice post. My public gratitude to you my GREAT teacher.

Just for the record..

I am not kicking fx out of this thread. You have open doors at least from my standpoint. If you choose to give up on the thread, it is your solely and sound based choice.. If you have a vision on helping others, honestly there's more ..many more people here willing to keep following you on this thread, as you already have a rich database of information. I am not a selfish guy, I think you know me enough. I was about to close this thread for good and I found out that in that action I will be acting selfish. You need to evaluate that because this thread is not only you or me or anyone. it's pretty much a people's thread and if we're gonna preach good karma and kindness ,we need to also do the walk you know...

I am not putting any pressure on you by no means. But as I had second feelings on closing down this thread, you should evaluate your involvement on this thread and how that will have an impact on your involvement on the universe...You became profitable on this business because your eyes were open on my teachings..something mystic happened and you got the knowldege and not only that, you placed it on a logistical language. Just think deeply if this makes sense or not.

Just to be clear - this is not me trying to convince your to either stay or go - I am just relying on facts.

On a personal level, I have no authority, nor desire for you to leave off this thread....again for the record. Oh yes, I am deeply hurt. But that's something we should discuss in another time.

I am not a religious guy I will never be.....but I am a vivid testimony of today 12-11-2009 I am STILL alive despite the doctors gave me a prognosis of 3 months on December 2008.....I have to attribute that solely to my desire to help others in good faith.

As I said, this is already a people's thread. But trolls will come around because jealousy and envy abounds everywhere. I don't have the time nor the energy to keep dealing with every troll that comes around. But theres an easy way - do you see like a little paintbrush button on the top right corner?? that's a cleanup report. I assure you, our dear friend twee is watching this thread closely and he will take action upon the trolls.

My involvement on this thread will be an occasional advice maybe some kick in the butt, but as a trading or posting charts etc. I believe I had my share already.

That will be sad to see this thread reaching 12.5k post, to come to an end because some people put a bad rap on it. It will be pretty much let the trolls win and not teaching them a lesson...what a shame!

The press will read "The system II(Yes with irony) was shot down by the trolls" Can U take that??

It's all up to you guys.....I'll be evaluating the participation, .if the pillars of this thread keeps around, the amount of post per day... and then I'll make a decision.

[quote=fxachilies;3300911]Hi everyone,
Its my quiet time and I just got done reading all my pms and the pages i missed for the last two days..
i am overwhelmed with your thank you pms and now i see whole bunch more in the thread aswell.. I feel the necessity and respect, to respond to you aswell and Thank you all publicly.. and to clear couple of request of yours..

Please come back to the thread brother fx, alot of us miss you here

I apologise for the length of this post - but for the sake of historical record I think it is important...so forgive me...if you know better correct me (Feb or Fx)....but some things have started to make sense about the current situation that need saying - not to rescue it, not to get anyone back, but just to cast some perspective over the whole history of this valuable archive. If you get bored just skip it. And if you think it has no place Feb...you only have to ask me and I will erase it. T


I had a long conversation with Fx the other day – telephone…and so many pennies dropped for me about the history of this thread and especially how this difficult period in its history has come about. I have to deal with potential 'Troll-Thinking' up front - This post comes from my own assessment and not from anything Fx or Feb said to me, no complaints, gossip, bitching - it is my version piecing together what I have witnessed, my insights and impressions. No-one has put me up to this, nor asked me to write anything - frankly they don't need it fro me or anyone else. I need to write it to feel complete.

So if you have the stamina I would like to begin....

Feb offered the world his wisdom and then became very ill. While he was away Fx ascended into the leadership role to hold it together while Feb fought for his life. He protected it so it would be here for him when he got back. But he did something more than that. He explored, dismantled, tested and practiced the techniques, thinking and strategies and exposed his learning as he went. This created something more than Feb left him with. Not only did he keep it safe, he learned in public and took the whole thing somewhere.

Now, couple this with the styles of these two remarkable gentlemen. Feb is inclusive, has the knowledge of decades in this industry at his fingertips, uses humour in a way that develops genuine students, disarms the trolls, and those who refuse to be disarmed he simply ignores. Now and again he roars – but what is so important is that the thread belongs to him. Feb gave birth to it (but he got his figure back after – pelvic floor exercises I believe) with his unique style of leadership!

Seriously though…Fx is temperamentally different, but not as you would imagine from the thread. There is more depth in the character of this remarkable individual than is evident from the printed words you see here in the thread. He does not own the thread in the same way as Feb. But to stay in the leader’s seat he blazed a new trail without the luxury of ownership. He handles people completely differently. He is not as inclusive - he's on a mission man and you have to keep up. He learned in public what Feb already lives, eats and breathes. Talking with Fx live you get that he has a smile behind his guiding comments - the ones that appear tough in print sound warm and caring live. What looks like harshness in print to newbies, and people who ask idiot questions like I certainly did, really is calculated to sift the ones who can and will from the ones who can't and won't - to protect them from stupidity and BANKRUPTCY – by sorting them out early. If they take his first salvo and return then he watches them. He really does. This market is a bitch and she does not give a shit if she takes your house, shoes and underwear off of you. Better his bark gets you to look elsewhere than her greedy bite takes your life-savings and more. When you look at that stuff you can easily think he is a bad-tempered SOB who leaves dead bodies trailing behind him…but when you hear his voice, you hear the warmth, humour and concern behind his manner in regard of newbies and idiots like me who learn slooooooooooowly that you miss all too easily in print. But regardless he watched my back and others too – and he treated me with care…but I had to prove I was up for it. Some of us trade elsewhere together live and in talking with him there he talks with respect and admiration for those on the thread he is tactically ignoring, or who he has just put straight about something with a tough lesson; the man has respect and high standards. Sometimes he gets into rows and he has apologised - you go look - he has forgiven those who have rowed with him and invited them back. It's what relationships are like goddammit. He constantly tells me how bad he feels about his tough teaching when I was new. Well my trading account is GRATEFUL - yum yum.

People who were used to Feb, expected the style they were used to from this Fx guy when they posted – the 'right' style, the Feb style they were used to. But they got a bit of a shock with this new guy; some really disliked this guy challenging them back bluntly, kicking their butt when he figured they needed it, many just witnessed others having it happen and cast judgement from the shadows. Feb did/does it differently and for them that was the ‘right’ way and Fx was quite simply ‘wrong’. They called him an ‘ass’ and an ‘ego’ and worse – they PM’d him with abuse and they complained to Feb privately about this asshole with the bad attitude.

This was SO hard for Feb to be in this situation – the creator, grateful to Fx, loyal to him and also to his old students. What was he to do? Loyalties split way down the middle. Imagine for yourself - complaints about the very guy who was taking care of your baby while you were away from people you care about - complaints about a guy you care about and who was being so loyal to you...and people who were upset about him - where was the middle path? What would you do? No win no win.

But then...sometimes people strayed into beyond criticism and way way into the unacceptable. To hurt Fx they insulted his heritage publicly, his parentage, one inferred that he was a primitive due to his race. Comments like that are calculated to destroy the target. Some people wanted to destroy Fx...phew....that's the biggy. That brought on Fx’s rage quite legitimately and he cut them off. But the thread did not belong to him, it belonged to Feb, and he was keeping it intact for him until his health returned. Feb, ill, was left in the exhausting position of trying to find some sort of balance as the PM's poured in. Meanwhile, people saw Fx’s teaching comments to newbies and his retaliation to those who tried to destroy him as the same thing - "this guy has an attitude problem" – hmmmm….not quite sure what that means myself. He was trying to teach in one style and protect himself in quite another. Two genuinely different styles which in print easily look like the same thing - and if your agenda is to make him look bad, or to destroy him then that was the perfect place to create the damage - the "Fx Achilies Heel". "He's always got a rat up his ass", "Ego"...

When you hear him speak you get the warm humour in the teaching and the righteous pride in his self-defence – in print the tone is not so distinct. And so if you wanted to, you could think this guy is constantly on the verge of an upset. Well I can tell you this is not so - he's as sound as a pound (although sterling doesn't quite look that way at the moment but you know what I mean).

I apologise again for this being lengthy, but it is for the record so that something important does not get missed.

Feb came back – glory hallelujiah – we have him with us again. Fx, who keeping this thread intact, not just that, having built a palace inside the castle Feb built, now is not the only lead man. Now Fx is neat and tidy about stuff - he's had to be given the situation – ‘one pair one time frame’….kept us all on the same page…’no discussing funnymentals’…..no intrusion of other systems….Fx was learning too and taking us all with him – he needed to keep it straightforward.

Feb on the other hand is cool with all that variation – he has the knowledge decades of trading experience to be able to handle a load of stuff like that all at the same time…who says only women can multi-task? He can invite any pair any chart any timeframe and comment on it like the click of fingers. Fx was focussed first on learning and then fully explaining this system once and for all on EU. Fx didn’t own the leader's seat, he was keeping it warm, for Feb who does. They are different people, different styles, both with genius, and at this end of the thread we (many people) expected them to be the same. They are as different as chalk and cheese

Now I know that kids try to split their parents – that is how they rule.
When Dad says 'no', Mum might say 'yes' – oooohhh that way chaos and discord lies in the family.

Feb and Fx (don't ask which is Mum and which is Dad!) are so different that troll-kids can find the gaps and widen them sooooo easily - and finally Feb and Fx have been successfully divided enough for it to become impossible for them to lead together.

It is to Fx’s credit that he did not go and start another thread because he acknowledges always that this process originates with Feb - it is his. To have done that would have been totally out of integrity. It would have been him taking something that was not his to take. Flawlessly honourable behaviour, yes? I think you'll agree unless you happen to be one of those who would like to destroy him! You know who you are....

I just have one more thing to say and then I am done.

The guy who had originally racially slurred him many months ago escaped Fx’s wrath at the time because Feb asked Fx to back off – which he did out of love and respect for Feb. That very same guy then attacked him again recently…Fx said to Feb “ban him or IT will put a STAIN on our friendship”. It read to Feb as “ban him or I will put a STRAIN on our friendship.” You have to admit that the two statements have very different meanings. Now you arguably might say that both put Feb in a corner, you can argue it was right or wrong, but this was based on a very difficult experience from the past. But it was the last straw that broke the camel's back as we say – it brought to the surface the strain of these two brilliant men’s styles of leadership, the complaints of people who decided that Fx was not the same as Feb, a period where Feb was left trying to keep everyone happy and do the right things and to be honest, as well as demonstrate loyalty to the guy keeping the shop open out of love – well thinking about it exhausts me…why should he have to be in that position? He’s not well – he’s generous, loving, funny, wise - but it is not healthy for him to be in that position. Fx too is a truly honourable man with a heart of gold, humour in his teaching and fire in his righteous self-defence - this particular troll was someone who had insulted his heritage to destroy him - illegal, immoral and fundamentally unacceptable. Neither Feb nor Fx deserved or deserve this conflict. Above all they did not deserve to have their relationship subjected to these strains caused by others' shit. This was not a war of their own making in any way. That's the sadness of it.

I have said what I need in order to set the record straight for me, as I see it from my humble position as a beneficiary of both men's teaching and friendship, so that history can record for newcomers here that two great guys leave behind a monument of brilliant detail, proven live, tested to the limits and anyone who reads this should hesitate to judge either of them adversely. The human inability of people out here like us to adjust to Feb and Fx's differences has torn them asunder, trolls with troll-consciousness in their efforts to make one wrong for being and teaching as the person they are and the other right, even when what was on offer was free of charge and given with generosity of spirit they had to pervert it with complaints, 'helpful' observations, character assassinations and downright abuse...for what???? What did they seek to create? Well, they created discord and from discord they attempted to thwart something quite extraordinary. Thankfully the few trolls are outnumbered by the most respectful, friendly, polite, supportive and willing learners old and new that populate this site - a new generation has come and more will follow - IAK and DesertfX, Coronajazz, DavidB, Kishou.... and many others carrying this fearlessly forward - honourable, self dependant, determined, responsible adult people who take responsibility for their presence here - no airs and graces, just solid people. They make sure the troll-revolution FAILS. Fx is sound - he really is in good shape, Feb has some health battles to face, but he is sound too - maybe the two of them will resolve this their own way in time, maybe not...that is for them. But in many ways the job is already done - it has been built in full and completely.

Gifts like this thread and the people who have created it don't come often in a lifetime - but if you have read this thread and practised what is in here, you will know that just once in a blue moon what seems too good to be true IS in reality TRUE!

Mac, insightful post as always, long but worth every word. Well done.

At the time of FX's departure (and I'm not taking sides here, everybody has lost) a number of posts were deleted from the thread and moved to an extracted items folder. Some of these the thread is clearly better off without.

However a number of posts thanking FX for his contribution, mine included, were also deleted.

I am deeply saddened by this. These posts were not in any way inflamatory, insulting or controversial, merely expressions of gratitude to FX and sadness at the turn of events. There is no justification for this action whatsoever.

Having just discovered this myself, there is the obvious concern that FX has not seen our appreciation. As a backstop, I have just PM'd him and would suggest that anyone else in a similar position does the same.

Hopefully this post will not be deleted, if it is there is something very BAD going on.

Thank you Mac, that goes a long way to help us consider ALL relationships. There are always two sides to every story and only seeing the sides in print can easily loose their true meaning. Well thought out.
d

Excellent post (as always) Mac.

Sadly, as is so often in life, it's the few that spoil it for the many.

This thread has great heart and soul...long may it continue.

I feel like a little boy watching my parents and neighbors fight. Nothing I can do and yet I feel the tension and question my own participation or how I contributed to the ruckus. A very natural response to human tension and one that does require some work to make it through to the other side as old feelings long buried come back to haunt me for a while.

I have made more progress trading with this thread than with anything else I have done. Quite honestly, most people who do the things I did became part of the 95% who quit long ago. I have explored the furthest reaches of the realm and this thread brought me back to a very simple eloquent mental training for trading. I have read and heard all the words of wisdom expressed in this thread from many different sources in my search for the best way for me to trade. In this thread trading came to life for me because FX (and others) where trading the market live and I could not only see what they were doing but I could hearing in my head how he was thinking. I have never heard his voice in any other way than a stern caring father who wanted me to succeed even though he has no idea who I am.

Due to time zone circumstances I am not able to fully participate in the day to day chatter of this thread. In my heart I know I missed something that I will learn on my own. For me, after the introduction of the 2G+ exit strategy which I have worked on to understand more fully because it has some nuances to it, FX truely came of age. FX's contribution of the 2G+ exit is his masters thesis. In time, many people will come accross this thread and never appreciate the beauty of what FX gave. I am moved that he shared so freely what took him a lot of pain staking work to figure out.

I am moved to tears because I know that Feb and FX have made a huge contribution to my life. Thank you.

Mac, a beautiful post. Eloquent and insightful. The fog has cleared.

I have not been posting (or trading much) lately due to the usual pre-xmas work hump but have been keeping up with the thread. This whole eposide has left me unsettled and saddened.

Fx, Thankyou is not enough ! I will miss you.

question regarding the 2g+ exit

from reading the entire thread and sections repeatedly it seems this is the hardest part to teach and forward practice live is the best way, but is their a consensus on an approach to 2g+ that if used by new people to the plan will give the confidence to enter all trades and make a profit and then after many trades settle on their own approach to 2g+ ?

fx said never lose more than 15 pips so maybe a fixed stop to give the trade breathing space

i think feb uses trailing so perhaps spread your load from entry to 3 point and let market take you out

some people have mentioned using 1 min waves as failsafe after entry

any answers very appreciated

thanks

Chris

Everyone!

Fx is not gone from the thread forever. At least that is how I understood. He is just backing of a little bit like Feb does from time to time. Training wheels are off they say.And I did not sent him a thank you PM, or a thank you post because that would feel like repetiting myself and everyone else, and also, as someone else mentioned, a simple thank you is not enough. We should all continue doing what he teaches us to do and hopefully achive consistency in our trading and that is the best way to say thanks to him.

This goes to everyone to think about. I would especially like to hear Feb`s opinion, and hopefully will intrigue FX to give his thougths as well.

We all know what is our job description right. Hunting for runners. In that quest we are ready to leave money on the table, playing #1 accordingly and looking to bank max on every semi fakeout we are awarded.
But there is one, and only one thing one our job description list that is even more important than catching runners. And that is PROTECTING OUR ACCOUNT EQUITY. At least for me, this goes first on my priority list, more important than catching runners.

My idea on how to fulfill my #1 important job as a trader is as following.This is just a thoughts, I have not traded, nor (God forbid), backtested this, that is why it is more of a question than an advice.

I have a limited amount 2 % of my account that I can lose per day. At the moment , with the size I am trading it represents 50 USD or pips or whatever. The first and second trade I take in the morning would be runner hunter oriented, appropriate defence (#2 or G+) on fakeouts, and soft (as our brother FX`s likes to say) #1 on semi fakeouts. If it goes well I continue the same way for the rest of the day.

Now if I go two fakeouts early in the morning and lose -12 and -13 accordingly, I am half the way to hit my daily loss limit, whan I will be forced to stop trading. This is the crucial part. Next trade (third), I play defence accordingly the same way as always of course, but I get more aggresive on the offence. So if a trade goes +20 and more, I bank at the slightest hesitation on PA, not leaving any money on the table. The idea behind it is to "reload my guns" for the rest of the day.

The bad news is that I might miss a runner for the day playing like this. On the other hand I might miss a runner if I treat the third trade and the next the same way as the first two as well. This would be acomplished by getting four small loses in a row, and being forced to stop trading for the day due to my daily loss limit being filled, as the fifth trade may be the runner I was waiting for. Playing aggresive offence on the third trade would keep me trading for the day, and more importantly it should result in having less "full loss limit" days, and that way helping me on the way of my #1 on my list-protecting equity.