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The System II (Yes with irony)

  • #12,901
  • Jan 5, 2010 6:31am Jan 5, 2010 6:31am
Guys!
I just wanna say hello. I hope everyone had really good time for the holidays. I ve been little quiet these days cause I did not trade 5 min charts. The reason is I have some very time consuming tasks around my company (end of year kind of stuff) I have to take care of. Plus the holiday season is not over in my country yet , we celebrate Christmas on 7th of january by the Orthodox calendar. (I think my brother Dim should be with me on this).)

I am really happy with the recent (after new year) development on the thread, if you know what I mean , but in the market also. Looks like it is waking up a little bit after the holidays and congratulations on everyone who got a piece of those great moves.
You wont survive without preserving!!!
  • #12,902
  • Jan 5, 2010 6:37am Jan 5, 2010 6:37am
Quoting feb2865
Need to go back a lil'

Please look at the atachement. This is just to clear any confusion

Peace
How the collar changes of candles? can u explain?

Thanks
  • #12,903
  • Jan 5, 2010 6:43am Jan 5, 2010 6:43am
Quoting kishou
FX,

Thanks for your charts and continuous support! Yesterday was legendary trading from your corner!

Quick question: I got in today at 1.4456 for short...thought it was very similar set up to yesterday's Buy for the nice runner. Was the pull back to short for a valid fcr? I don't want to become trigger happy.

I closed my short at 1.4420 (+36) with #1 exit... my exit not as fast as yours yet but hope it will get better with experience.

Hope you had a good break...nice to see you back.
Kishou,
very nice trade my friend..
your entery technically is all valid and good and worth a shot.. but since it was on the edge of london open i personally did wait for the confirmation of the open direction.. its all about feel sometimes..

but as long as u take valid setup and you aply the appropriate defense you are all good and never trigger happy..

well done my friend..
  • #12,904
  • Jan 5, 2010 6:47am Jan 5, 2010 6:47am
here is a live play.. i hope ur in it with me... lets see how this beautiful breakout will shape up.. off to playing #1..
lets walk with me on this...

http://cdn.forexfactory.com/images/attach/gif.gif
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  • #12,905
  • Jan 5, 2010 6:58am Jan 5, 2010 6:58am
Quoting fxachilies
here is a live play.. i hope ur in it with me... lets see how this beautiful breakout will shape up.. off to playing #1..
lets walk with me on this...

http://cdn.forexfactory.com/images/attach/gif.gif
Great to see your charts and postings. Thanks.
  • #12,906
  • Jan 5, 2010 7:09am Jan 5, 2010 7:09am
Quoting ready
Great to see your charts and postings. Thanks.

thanks glad to see u enjoy it..



listen guys.. don't sweat this retrace.. its not fully developed yet... if it takes ur sl out at be or -5/10 so be it.. there was not enough to push it for a runner.. so next one.. but meantime just hold on and see if it will resum back and test the HH or.. BAMMMMMMM a break for mega bucks.. stick to the plan.
  • #12,907
  • Jan 5, 2010 8:15am Jan 5, 2010 8:15am
oh well boys.. I was taken out at -5.. not a retrace enough to play a solid #1.. just playing silly.. market is good at doing that.. fine take my 5 pips.. lol .

some of u might think its absured to go up 28 pips and give it all up..
well not me.. if do, i will not consitently catch bigtime runners.. i think u all know what i am talking about..

if u think that u can be slick with this.. all ur doing is creating a bad habit.. and not sticking to your guns.. and that will in the long run lead to disaster.. ouchhhhhhh.

its just my humble opinion.
  • #12,908
  • Jan 5, 2010 8:38am Jan 5, 2010 8:38am
123 and expentency practice.
I waiting for short... I am still reading the thread ... 250 pages...
While was posting my short order got triggered.
See please if my lines are correct.
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  • #12,909
  • Jan 5, 2010 8:54am Jan 5, 2010 8:54am
Quoting 786 trading
123 and expentency practice.
I waiting for short... I am still reading the thread ... 250 pages...
While was posting my short order got triggered.
See please if my lines are correct.
My trade exits at Break even.
Did I moved stop-loss correctly? Any guidance please.
Thanks.
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  • #12,910
  • Jan 5, 2010 11:11am Jan 5, 2010 11:11am
Quoting 786 trading
123 and expentency practice.
I waiting for short... I am still reading the thread ... 250 pages...
While was posting my short order got triggered.
See please if my lines are correct.
hi 786,
listen bud.. I keep read from u that your still reading the thread.. at some point u got to make the time to finished up... bcz thread has evolved by a lot since page 250.. your trades are very late.. they are even later than the traditional 123.. so on days like today you can easliy keep getting top/bottom picked.. insted of getting in early with our setups such as fcr and 123s and position yourself into a much better situation.. easier trade managment.. and better chance of profitability..
if you have not then please read the necesseary post that i have suggested in post 11847 so u can get up to speed and be current with rest of your brothers in here.
  • #12,911
  • Jan 5, 2010 11:11am Jan 5, 2010 11:11am
Quoting 786 trading
My trade exits at Break even.
Did I moved stop-loss correctly? Any guidance please.
Thanks.
What I sense, correct me if I am wrong, was that you used the stop loss to not have a loss. If that is the case then remember that the stop loss is an insurance policy. Using it to get you out of a trade is a crutch that in the long run will not serve you. I say this because I have done it. Remember quite often price will come back to the Level Live test it and then move in your direction. Moving the stop loss to soon stopped you from having the chance for a runner. When you go back today and look at this trade - remember what emotions you were feeling and the voice you listened to when you moved your stop.
I make money anywhere in the world by taking orders
  • #12,912
  • Jan 5, 2010 11:43am Jan 5, 2010 11:43am
Quoting fxachilies
hi 786,
listen bud.. I keep read from u that your still reading the thread.. at some point u got to make the time to finished up... bcz thread has evolved by a lot since page 250.. your trades are very late.. they are even later than the traditional 123.. so on days like today you can easliy keep getting top/bottom picked.. insted of getting in early with our setups such as fcr and 123s and position yourself into a much better situation.. easier trade managment.. and better chance of profitability..
if you have not then please read the necesseary...
Thankyou Sir,
I really appreciate your guidance and will follow it religiously. I will finish the thread and will read the important posts again and will come back.

Thanks again, I have no words to express my feelings and thanks to you.
Have a wonder full day and good trading.
  • #12,913
  • Jan 5, 2010 11:44am Jan 5, 2010 11:44am
Quoting SedonaPipper
What I sense, correct me if I am wrong, was that you used the stop loss to not have a loss. If that is the case then remember that the stop loss is an insurance policy. Using it to get you out of a trade is a crutch that in the long run will not serve you. I say this because I have done it. Remember quite often price will come back to the Level Live test it and then move in your direction. Moving the stop loss to soon stopped you from having the chance for a runner. When you go back today and look at this trade - remember what emotions you were...
Thanks my friend. It is great learning for me.
  • #12,914
  • Jan 5, 2010 1:11pm Jan 5, 2010 1:11pm
Quoting fxachilies
hi 786,
listen bud.. I keep read from u that your still reading the thread.. at some point u got to make the time to finished up... bcz thread has evolved by a lot since page 250.. your trades are very late.. they are even later than the traditional 123.. so on days like today you can easliy keep getting top/bottom picked.. insted of getting in early with our setups such as fcr and 123s and position yourself into a much better situation.. easier trade managment.. and better chance of profitability..
if you have not then please read the necesseary...
Hi Fxachilies! thanks for the pointer you gave in the above post.... I was on page 170, but now will skip the rest of the pages and go on to post 11847 and follow what you say in there.

Thanks again for you help. Much Appreciated.
Iz.
  • #12,915
  • Jan 5, 2010 1:21pm Jan 5, 2010 1:21pm
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Im shorting this one, does the entry look ok to you guys?
  • #12,916
  • Jan 5, 2010 1:58pm Jan 5, 2010 1:58pm
Quoting imohammed
Hi Fxachilies! thanks for the pointer you gave in the above post.... I was on page 170, but now will skip the rest of the pages and go on to post 11847 and follow what you say in there.

Thanks again for you help. Much Appreciated.
Iz.

hi Iz,
happy to help you out..

now, regarding your last post with fib chart..
i am going to give you a million dollar advise.. you ready..
Drop the fib !!! its nothing but a crutch. ok, enough said.

however we trade totally naked in this thread.. as you read some more and get current with our way of trading you will know why..

good luck.
  • #12,917
  • Jan 5, 2010 2:27pm Jan 5, 2010 2:27pm
my trades for the day..

today was a different day than yesterday smaller range but still with nice enough up and down movement and solid setups..


trade1) i tested the water on a long fcr2 at the open of londi.. it worked out and exited at the yellow line for +27..

trade2) test on a 123s setup.. i think i live played that one and retrace did not resum back enough that i could ply #1 and take a good enough profit out of it, so i took myself out and exited for -5 on the opposit fcr..

trade3) i chickend out and did not test the water.. and look what happen.. a 40pips drop without me in it.. painful to watch, lol.. butttttttt.. u can't get'em all, you will miss some and u should be ok with it.. also at the time i did not see enough of a loop there, so thats why i let it go.. you live and die with your decision and u quickly move on..

trade4) tested a fcr1 with a good enough loop and DT.. good for +46..


not a bad day, i feel blessed and i hope u did excellent today.

http://cdn.forexfactory.com/images/attach/gif.gif
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  • #12,918
  • Jan 5, 2010 3:17pm Jan 5, 2010 3:17pm
Quoting fxachilies
hi Iz,
happy to help you out..

now, regarding your last post with fib chart..
i am going to give you a million dollar advise.. you ready..
Drop the fib !!! its nothing but a crutch. ok, enough said.

however we trade totally naked in this thread.. as you read some more and get current with our way of trading you will know why..

good luck.
Thank you for the advice FX, im loosing the fib!

Iz
  • #12,919
  • Jan 5, 2010 10:15pm Jan 5, 2010 10:15pm
set my trades now....
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  • #12,920
  • Jan 6, 2010 12:20am Jan 6, 2010 12:20am
Quoting fxachilies
my trades for the day..

today was a different day than yesterday smaller range but still with nice enough up and down movement and solid setups..

...

trade3) i chickend out and did not test the water.. and look what happen.. a 40pips drop without me in it.. painful to watch, lol.. butttttttt.. u can't get'em all, you will miss some and u should be ok with it.. also at the time i did not see enough of a loop there, so thats why i let it go.. you live and die with your decision and u quickly move on..
....
Greeting fxachiles,

I'm in at the trade #3 but was too late to take profit and end up at BE.
(I left 35+ pips on the table )
very glad to know I'm in the all 4 trades you made, think I did a bit over trade.(13 trades, lol), honoured to learn from your chart, brother
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