The System II (Yes with irony)

hai guy this is my another trade....
entry at 1.4348

Just Waiting for this to come out of Range,
short: 1.4347
Long: 1.4387

me too

Hello to all,

Well, the holidays are over...at least the ones I am aware of... and this lay off has given me a chance to evaluate my trading, my goals and life in general. I don't know how the holidays affected some of you but since we all fall into the category of homo sapiens, I will take a wild guess and say that something of what I am about to share here will touch, to some degree, your reality. You see, I have been trading for several years and have been part of this thread since its beginnings...seen a lot... and have stuck pretty much to the evolution of this thread....been experiencing the pain/sweat/tears that is part of path to success.....
Except that my bank account still shows very little signs of success, partly out of my own inconsistencies and learning curve but also because trading micro units is a long way from financial security. So here I am now..taking a look back at 2009 and saying to myself...has it all been worth it? how much longer do I want to trade pennies? sure...I am aware of the power of compounding...but at my age (50+) time is exerting its gravitational force and the airy and lofty dreams of youth are coming down like a balloon lacking enough helium..... does this sound a bit pessimistic?....not at all from my perspective....you'll see why in a minute....

All of this mental stuff has sucked out some of my motivation.... I feel no fear.....don't care about my daily pip count....nor my losses.... stop having expectations of making a living with forex..... I am just going through the motion of trading the plan.....
Sounds pretty sad right? NOT SO FAST TONTO!..........It hit my like a sledge hammer that this is exactly the state of mind I have been seeking all along when trading the plan........(Sometimes we need to scrape the bottom to rise to the top)..... So now I can just trade the plan without all the mental hurdles and allow my success/consistency to manifest itself regardless of how much money I make....WOW! I can treat it like a hobby and who knows someday I will be able to trade lots instead of micro units! I feel like a huge boulder was removed and my stride is much lighter. Let me make something very clear....visualizing one's success is a good thing...as long as your are touching ground with your particular situation and not fall into unrealistic expectations that will prevent us from developing the state of mind that one needs to become a successful/consistent trader.

That is all folks! Best of luck in 2010!

thanks moneda... your words just like a charm.
And the important thing is stick to the plan, but......
could your please elaborate some about your plan....

Calvk,

The plan has been laid out by our mentors Feb and Fx and supported by many more in the family. That is the nuts and bolts ....the rest is practice...practice... practice....with the right mental attitude which is what I was pointing to in my last post. Read the posts suggested by Fx in post #11847
and you will be heading in the right direction.

Best of luck to you and stick around here.

[ATTACH]387767[/ATTACH
Hi Guys,really enjoying thread and learning.thought i'd post a chart with some trading lines(Magiclines as they are called).3 lines, 1.yellow tradeline 2.green profitline 3.red stopline.

These lines help me big time when moving stopline quickly.Once trade is triggered I can drag stopline and/or profitline wherever I want with a click of a mouse,as we all know speed can be everthing when in a trade,also not getting numbers wrong when moving stop.Magiclines also works out 1.5% of account.thought i'd mention it as I think could help you guys.

So are these just plain lines you have dropped on your chart or are you using some EA or something?

LOL.. there too Magical for me to handel..

oh, one note.. your entery!!!.. its a later one..

Nice post my friend..
so blessed to have you around for your valuable life wisdom.

wanna classic 123 setup... u got it... i am waiting for it to get triggered..

i got my sl away from the heat, but i will watch it like a hawk and if any funny stuff i am atta there..


http://cdn.forexfactory.com/images/attach/gif.gif

i was patience enough for this I think.. its just not giving out..

http://cdn.forexfactory.com/images/attach/gif.gif

hi fxachilies,

can you please write me what means "g+" and "fcr" or can you help me where can i find it ? thank you

Hi rtx,

I trust fx won't mind me responding as this type of query regularly crops up and I can see he's offline.

In order to understand these terms you'll need to go way back into this thread and digest a lot of material to get the full meaning of g+ & fcr and how they fit into this way of trading. I recommend you start with fxachilies posting #11847 and go from there. Take your time, read everything several times until it really sinks in and the lightbulb goes on! Trust me, it's worth it.

yes of course i read that post while ago, there are shortcuts to next several posts, so i hope ill find it somewhere there

thanks

u wanna know the meaning.. ok

fcr.. its the Death Reversal.. testing everything but your blood pressure.. pulling runners out of trenches..

G+.. is the sexiest exit u can ever apply.. saves trading account like no other..

lol..

just kidding with you.. follow what ready suggested to you.. i have suggested the shorts cuts in the begining of that post.. I think..

Good Luck.

testing a death reversal.. lets see what happens..

http://cdn.forexfactory.com/images/attach/gif.gif

ALL IN ONE


Everyone who is interested in this thread, same like i was, will need to read some posts and instructions. Please allow me make it all in one in this post with clickable links.

1st ----------> read first 50 pages of this thread /recommended/

2nd ----------> After then, you should check post 11847
http://www.forexfactory.com/showpost...ostcount=11847

3rd ----------> Fxachilies advice is read this post 4734
http://www.forexfactory.com/showpost...postcount=4734

read this post, after reading ! you will be adviced read these posts, in this order ! ...

4th ----------> 123, one step out of time
http://www.forexfactory.com/showpost...postcount=4538

5th ----------> valuable advices from davidb
http://www.forexfactory.com/showpost...postcount=4613

6th ----------> Threads missions by Fxachilies
http://www.forexfactory.com/showpost...postcount=1324

7th ----------> expectancy bible by feb
http://www.forexfactory.com/showpost...&postcount=538

8th ----------> Success formula /Fxachilies/
http://www.forexfactory.com/showpost...postcount=4326

9th ----------> Fcr introduction /Fxachilies/
http://www.forexfactory.com/showpost...postcount=3420

10th ---------> #1&2 explanation /Fxachilies/
http://www.forexfactory.com/showpost...postcount=4219

- post 11758 is where #1 scenarios 1,2 & 3 are described - http://www.forexfactory.com/showpost...ostcount=11758
- #1, 2 - http://www.forexfactory.com/showpost...postcount=3031
- Fxachilies friendly suggestion - http://www.forexfactory.com/showpost...postcount=4012


11th --------->Setup Recongnition.. (enteries) - http://www.forexfactory.com/showpost...postcount=9726
Position Recognition.. - http://www.forexfactory.com/showpost...postcount=9730
Appropriate Defensive play.. - http://www.forexfactory.com/showpost...postcount=9732


12th --------->learn the new language.. WB/WR /fxachilies/
http://www.forexfactory.com/showpost...ostcount=12897


Additional posts: ---------> And several next posts advices to read....
http://www.forexfactory.com/showpost...postcount=4486

http://www.forexfactory.com/showpost...postcount=3909
- this 3909 is also adviced by fxachilies, but im little bit confused why

http://www.forexfactory.com/showpost...postcount=3973


So looks like this should be all, i could make some mistake or forgot something but thats why edit function is here for.

So happy reading

Did test this death reversal with you too... Exit at the red-down-speed-train-candle.... G+... Yeah! The most sexy exit lol... although for the fcr 1 enter we have to apply #2 exit I did apply G+ here because of the speed down...

Now I am testing fcr2 from 4355... sell trade... will see.... G+ for defensive play in case of fakeout...