The System II (Yes with irony) | Page 635 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

The System (Irony included) 1,175 replies

Attachments: The System II (Yes with irony)
Exit Attachments

The System II (Yes with irony)

  • #12,681
  • Dec 15, 2009 4:45am Dec 15, 2009 4:45am
Quoting coronajazz
Out of the short trade with +88 on the failure of the new low. Picture perfect #1 I think.

Hi Jazz..

I have switched off the thread but Jako was on messanger with me and broughted to my attention how well u did.. I could not help it and decided to comeout to give you a quick shoutout and a small heads up.. bcz i think u have the potential to be really good..

perfect #1 play exit.. exceptional.. I am proud of you.

stay humble and forget howmuch u made,the +88.. but cherish the way u played the game and stick with it..

well done..


sorry going back to my shell now..
  • #12,682
  • Dec 15, 2009 4:50am Dec 15, 2009 4:50am
Just a quick post-do you all trade all moves throughout the entire day?

I've found that I trade in a similar fashion to this, but with my own indicators/rules/system etc.
BUT here's the thing. By trading 6.45am to 10am London time, when volume/liquidity is at it's highest, I think you will increase your win/loss ratio.

If you trade at 11.00 am london time, there is not the liquidity in the market to drive prices (traders gotta eat), and this might see you getting chopped around as prices lack direction in the face of lower volume.
Of course this is not 100%, sometimes prices do move during these times, but IMO the chances are less. So if so, why trade?
I wonder if you kept a diary of times when you trade, would it show that you hand back profits during 10am-noon?
It's just a thought, not trying to hijack anything, please ignore if this distracts from the thread.

Can anyone point me to a post that explains TP levels? Do people still use the original rules or have they been refined? It's the biggest problem I have when trading-SLs are easy
  • #12,683
  • Dec 15, 2009 4:56am Dec 15, 2009 4:56am
Quoting fxachilies
Hi Jazz..

I have switched off the thread but Jako was on messanger with me and broughted to my attention how well u did.. I could not help it and decided to comeout to give you a quick shoutout and a small heads up.. bcz i think u have the potential to be really good..

perfect #1 play exit.. exceptional.. I am proud of you.

stay humble and forget howmuch u made,the +88.. but cherish the way u played the game and stick with it..

well done..


sorry going back to my shell now..
Oh FX!

Your words. You do not know how much this means to me. You have no idea.
You wont survive without preserving!!!
  • #12,684
  • Dec 15, 2009 5:54am Dec 15, 2009 5:54am
Hi bootsy

...do you all trade all moves throughout the entire day?

No
One hour before london I start

I've found that I trade in a similar fashion to this, but with my own indicators/rules/system etc.
BUT here's the thing. By trading 6.45am to 10am London time, when volume/liquidity is at it's highest, I think you will increase your win/loss ratio.

I start 11.00 until 23.00 my time GMT+7,
Is it 1 hour before London ?
I don't care, but I can get profit during that time
(figure that ur self, London time confusing me )
Very different system, oups..., I don't know if this is a system.

If you trade at 11.00 am london time, there is not the liquidity in the market to drive prices (traders gotta eat), and this might see you getting chopped around as prices lack direction in the face of lower volume.
Of course this is not 100%, sometimes prices do move during these times, but IMO the chances are less. So if so, why trade?

I know that, that was when fxachiles went lunch
or..
find underground Jhonny Walker black label

I wonder if you kept a diary of times when you trade, would it show that you hand back profits during 10am-noon?

Indonesia time, no way..

It's just a thought, not trying to hijack anything, please ignore if this distracts from the thread.

How can, you distract us from the thread, no worry.
We have our simple and powerful system,
but we need an extra mental to run it.

Can anyone point me to a post that explains TP levels? Do people still use the original rules or have they been refined? It's the biggest problem I have when trading-SLs are easy

I don't remember which page about tp.
but as I know, we don't use tp, our job is to catch a runner.
at first, yes, we had 20/40 tp, but it was refine to a genius one.
To know what a runner is, you need to read the thread.

Have a nice day
  • #12,685
  • Dec 15, 2009 6:03am Dec 15, 2009 6:03am
Quoting coronajazz
Thank you guys!

But I must say Mr.Market was generous in providing opportunities too. So much easier to manage a trade when he is in the mood.
Congratulation Corona, very good trade
  • #12,686
  • Dec 15, 2009 8:07am Dec 15, 2009 8:07am
"It is she"
Quoting Musanto
Congratulation Corona, very good trade



In my language "Market" is a masculline gender word, but crazy and unpredictable as it is, I say a "she" would be appropriate.

This is not to offend someone. It is only my way of making jokes. I accept anything (a joke) on my side very light too. Eihter way if anyone is offended, speak and I will erase this post!
You wont survive without preserving!!!
  • #12,687
  • Dec 15, 2009 8:17am Dec 15, 2009 8:17am
Still can't believe i missed the trade before would've taken care of all my losses from yesterday. Oh well, gonna try Long at 1.4560, BB.
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 15 KB
  • #12,688
  • Dec 15, 2009 8:21am Dec 15, 2009 8:21am
Long now 1.4560
You wont survive without preserving!!!
  • #12,689
  • Dec 15, 2009 8:46am Dec 15, 2009 8:46am
Out of the long with -3. Reentry at 1.4569
You wont survive without preserving!!!
  • #12,690
  • Dec 15, 2009 10:01am Dec 15, 2009 10:01am
Could any of the senior members kindly give me the abbreviation of the term FCR... I have been trying to follow this thread and couldn't make head or tail with with these words...

Thank you very much...
  • #12,691
  • Dec 15, 2009 10:14am Dec 15, 2009 10:14am
Quoting mikelee
Could any of the senior members kindly give me the abbreviation of the term FCR... I have been trying to follow this thread and couldn't make head or tail with with these words...

Thank you very much...
This is a term introduced by FX to describe a reversal of the market. He first called it a "F******ing crazy reversal" and then settled on a FCR (FX's crazy reversal). For a lot of us its an inside joke to be able to laugh at the market when the market reverses.

He has a solid post on it in the first 100 pages or so - maybe the second 100 and it is well worth finding and reading the posts around it as well.
I make money anywhere in the world by taking orders
  • #12,692
  • Edited 1:10pm Dec 15, 2009 11:04am | Edited 1:10pm
Quoting mikelee
Could any of the senior members kindly give me the abbreviation of the term FCR... I have been trying to follow this thread and couldn't make head or tail with with these words...

Thank you very much...

Mike old mate lah - if you had read the thread you would have a good understanding of the FCR - if you don't have a good understanding then it will mean Fully Cleared Rectum...because you will sh*t yourself trying to play this game without it!

Just this once I'll tell you the best posts to get hold of what an FCR is....
ready???

3420, 3440, 3444, 3448 . SInce those posts you must bear in mind that we now have FCR1 and FCR2, D123 and S123 set ups - all of which call for a defensive strategy #1, #2 or a #2G+.....so you have some work to do - find out what they are...and then you can trade along with the esteemed Sir CoronaJ and know what the hell he's on about and how he has now bought his new Aston Martin CASH.

If you read all of the posts between it will make more sense.

We all unsderstand these because we either went through the times when they were created or WE DID OUR HOMEWORK ON THE THREAD!!!!

It's free - all it demands from you is the time to do it - not a lot to ask now is it??? Otherwise you will be forced to eat durian fruit for a month!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #12,693
  • Dec 15, 2009 12:33pm Dec 15, 2009 12:33pm
Mike old mate lah - if you had read the thread you would have a good understanding of the FCR - if you don't have a good understanding then it will mean Fully Cleared Rectum...because you will sh*t yourself trying to play this game without them!

leave it to mac to come up with a definition that encapsulates the full emotional trading irony of this thread.
I make money anywhere in the world by taking orders
  • #12,694
  • Dec 15, 2009 5:29pm Dec 15, 2009 5:29pm
Quoting mac1956
...and then you can trade along with the esteemed Sir CoronaJ and know what the hell he's on about and how he has now bought his new Aston Martin CASH.
I say from your mouth to God`s ears Macdaddy. Hopefully!

Still struggling around brakeeven at the moment from my start trading the system 2. But it has been only three weeks now, the market was pretty choppy most of the time, and I am making A LOT of mistakes too. But everyday I realise more and more....
You wont survive without preserving!!!
  • #12,695
  • Dec 15, 2009 5:48pm Dec 15, 2009 5:48pm
Quoting mac1956
Mike old mate lah - if you had read the thread you would have a good understanding of the FCR - if you don't have a good understanding then it will mean Fully Cleared Rectum...because you will sh*t yourself trying to play this game without it!

Just this once I'll tell you the best posts to get hold of what an FCR is....
ready???

3420, 3440, 3444, 3448 . SInce those posts you must bear in mind that we now have FCR1 and FCR2, D123 and S123 set ups - all of which call for a defensive strategy #1, #2 or a #2G+.....so you have some...
Hey Mac' thanks a ton for pointing me to the correct postings... I did make a search at the forum using the very same key words but came out with posting without describing the terms in detail ... Yes! you are right I shall need to go back to my drawing board and do some serious studying... LOL

... and thank you guys for being been helpful...


... I love durian... do you?

mikelee
  • #12,696
  • Dec 15, 2009 11:09pm Dec 15, 2009 11:09pm
Good morning guys,
Bracket formed ,ready to test lower with panicky fingers
Dim, get ur skype on, brother.

Good luck
  • #12,697
  • Dec 16, 2009 12:57am Dec 16, 2009 12:57am
Quoting Musanto
Good morning guys,
Bracket formed ,ready to test lower with panicky fingers
Dim, get ur skype on, brother.

Good luck
Hello everyone!!!!

Yeah, morning brackets...... My Skype is now on!
  • #12,698
  • Dec 16, 2009 1:12am Dec 16, 2009 1:12am
Hi Guys,

A Newbie here just working my way through the thread (on page 500). I won't contribute today as I don't want to ask questions that are already covered in the thread, but I was wondering about the News today.

There seems to be a lot of releases effecting Eur/USD and I find it difficult to determine which ones to ignore and when to sit on my hands. Just wondered if you could give me your input on this mornings releases?

My initial thoughts are not to worry about the low impact ones on the FF calender but stay away from any Med or High?

Thanks

R
  • #12,699
  • Dec 16, 2009 1:26am Dec 16, 2009 1:26am
morning and good luck everyone

i see long order as in chart but unclear about short, any comments welcome

Attached Image (click to enlarge)
Click to Enlarge Name: eur 2.gif Size: 30 KB
  • #12,700
  • Dec 16, 2009 1:36am Dec 16, 2009 1:36am
There seems to be a lot of releases effecting Eur/USD and I find it difficult to determine which ones to ignore and when to sit on my hands. Just wondered if you could give me your input on this mornings releases?

This subject is actually covered in the thread by Feb and FX. as a refresher - pay attention to suits talking and interest rate announcements, stick to the plan on the others. Will you get fake outs yes - and most times the plan works quite well through these times. Make sure you have your hard stop in place and if you feel unsure of what you are doing, its ok not to trade. A golden rule - if you are not sure what to do - stay out.
I make money anywhere in the world by taking orders
3 traders viewing now