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The System II (Yes with irony)

  • #13,021
  • Jan 8, 2010 6:22am Jan 8, 2010 6:22am
Quoting moneda
Hello to all,

I have been reading the comments of some of the new members of our family and it seems that there is a lot of "thinking" going on. One piece of advise....ok maybe two...

1. Leave most of your analysis outside the door of this thread, just like when we take our shoes off before entering someone's house...most of it is dirt clouding our view. We are not smarter than the market! Try to trade like Forrest Gump...right Fx? apply the same attitude here...be humble and stick to the plan laid out for you.

[b][url="http://www.imdb.com/name/nm0648416/"]Drill...

... I LOVE U MAN..


God damn it, Moneda!.. UR A GOD DAMN GENIUS!
  • #13,022
  • Jan 8, 2010 6:31am Jan 8, 2010 6:31am
Quoting moneda
Hello to all,

I have been reading the comments of some of the new members of our family and it seems that there is a lot of "thinking" going on. One piece of advise....ok maybe two...

1....
There you go

I am starting to see fibo levels, zig zag stuff and so on... guys, I know you are always trying to piss people in this family off, but... you know what? But for what it worths, and what I have seen in these first sessions of the year, I am glad that we have a new FX Achillies around. Happier than ever. More relaxed than ever. He won't jump on trolls, just will ignore them. Just helping people.

WE TRADE NAKED HERE. PLEASE, AVOID ANY STUPID INDICATOR/TRENDLINE/FIBO THAT YOU LOVE TO DRAW. PLEASE, READ THE THREAD BEFORE ANYTHING AND IF YOU REALLY LOVE THEM AND CAN'T HELP TO DROP THEM, OPEN YOUR OWN THREAD AND LEAVE US IN PEACE

I think it should be clear by now.
  • #13,023
  • Jan 8, 2010 6:32am Jan 8, 2010 6:32am
Good morning to everyone and.... Happy New Year.....

I'm already free and ready to start my trading year... "This is gonna be the ONE".. LOL

Things begin good with our BIG BROTHER Fx coming back with a lot of energy, and Moneda with a lot of smart coments as well..... and of course, with much more people adding their two cents for the sake of everyone.... It rocks....

The karma is so good on this thread......
Let's keep it this way
  • #13,024
  • Jan 8, 2010 7:00am Jan 8, 2010 7:00am
Quoting elizo
There you go

I am starting to see fibo levels, zig zag stuff and so on... guys, I know you are always trying to piss people in this family off, but... you know what? But for what it worths, and what I have seen in these first sessions of the year, I am glad that we have a new FX Achillies around. Happier than ever. More relaxed than ever. He won't jump on trolls, just will ignore them. Just helping people.

[b][size=6]WE TRADE NAKED HERE. PLEASE, AVOID ANY STUPID INDICATOR/TRENDLINE/FIBO THAT YOU LOVE TO DRAW. PLEASE, READ THE THREAD...
Are you always this rude and immature?
  • #13,025
  • Jan 8, 2010 7:04am Jan 8, 2010 7:04am
Ok here is some simple words from Private Gump.. take it for whatever it's worth..

Well.. the reality of the matter is that.. we just don’t know (WJDK..new language.. lol).. WJDK how and when the major players will fuck with the market BEFORE, AT and AFTER the release!!! That is a fact.. we just don’t know what’s going on behind the doors of big players.. they could manipulate the market as they wish.. start a artificial or none artificial move.. WJDK.. what do we know, is, that they got all the money in the world to burn.. powerful enough to take the price anywhere they want as they wish at anytime.
Who do u think makes the initiate the 1st movement of the market?.. retail traders or the big guns? The answer is, the big guns.. that action triggers the herd (retail.. that’s me and u) to follow up.. then they take advantage of the herds mentality weakness of HOPE, FEAR and GREED.. then they take us anywhere they want.. it sounds like a hard cold facts!!! So… it is what it is.. buttttttttttt.. don’t worry it’s all revealed in the PRICE.. so, the cure is.. TO STICK TO THE PRICE and ACT ACCORDINGLY based on your GAME PLAN.
That’s you only edge in this market.. your ticket to separate yourself from the rest of the herd..

some people argue that probabilities favors in choppy market proir to these releases or the “trend” shows as such!!… so I am better off to sit on my hands all day!!! .. ok.. that’s perfectly fine.. but don’t be crying out if you missesd a bigtime runner prior to release which it could have also positioned you nicely ahead of the game at zero risk seating pretty and watch the release just for the entertainment of it.. lol.. the last time I was entertained as such was worth +665 pips.. (dec 2009)

Let me tell you something about “Trend”, in general… what is a Trend? Something that lasts for so long.. it could be anything.. in our case here is called Price.. Is in it supposed to be reversed at some point and time? If the last 5 NFP days has been choppy or trendish should it matter to me as to sticking to my guns? Lets Take it one step further.. who the hell ever knows when the damn thing is going to starts or last for so and so duration or and when is supposed to end?.. again WJDK.. for all I know every damn retrace could be a reversal of its own for a major “trend”, and same for every breakout.. wouldn’t you agree..

all I can say is that PRICE is what moves the market.. the engine behind the price is MONEY, lots of cash.. that’s forex market, as liquid as it gets.. and who has the most of it?.. the BIG PLAYERS do.. and nobody ever knows when, where and how they will use it to move the market to their advantage and game plan.. ohhhhh yes , they got a game plan of there own too. so the only way a move is reveal to you and me, is by the movment of the PRICE.. PA .. your one and only guide.. when it moves.. your best chance is to move with it.. the earlier you get on board the better chance of taking your share of profit from the big pie accourding to your game plan.. (it could be ANY of our fcr’s)
now, this is what I do.. I can care less about all this crap.. I keep it simple.. I treat each day as like another day in the office.. I check the calender at the beginning of my daily trading hour.. and mark the major releases in my platform and go on about my business and do not ever base my whole trading day on a upcoming event.. I rather, stick to my daily routine..
now.. you all know what my daily routine is.. lol

THE PLAN.. NOTHING BUT THE PLAN.. OH YES THE WHOLE PLAN..

... meantime, atm I am well positiond an a hour ahead of this release at Zero Risk.. who knows it might run bearish for the rest of the month.. or not.. or whatever.. who cares.. its all about positioning at no risk.. and Gentelmens, that’s what I have at this moment, displayed all live for you.. and notice that the trigger point was nothing but a simple tool called FCR.. the Death Reversal as Macdaddy like to put it and I love it.. lol.

Good luck eveyone..
  • #13,026
  • Jan 8, 2010 7:18am Jan 8, 2010 7:18am
Thanks FX!!

Taking it on board.


Quoting fxachilies
Ok here is some simple words from Private Gump.. take it for whatever it's worth..

[font=Calibri][size=3]Well.....
I follow THE PLAN to Survive & Preserve..
  • #13,027
  • Jan 8, 2010 7:19am Jan 8, 2010 7:19am
Quoting gangsta1
Are you always this rude and immature?
Yes, always when someone posts a chart with fibo, zig zag and other trash after more than 13,000 posts on this thread, revealing that we don't go that way.

Please, make yourself a favour: read the whole thread before posting.
  • #13,028
  • Jan 8, 2010 7:20am Jan 8, 2010 7:20am
ok.. this is my position right before the release.. i will risk only about 20pips on this while i am about 45 pips into profit... that is enough cushion for the whips if its meant to go bearish..

lets roll with it, shall we..

http://cdn.forexfactory.com/images/attach/gif.gif
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  • #13,029
  • Jan 8, 2010 9:13am Jan 8, 2010 9:13am
Good morning all.

Anyone riding euro down?

Short from 60
  • #13,030
  • Jan 8, 2010 9:21am Jan 8, 2010 9:21am
Quoting tghfbt8
Good morning all.

Anyone riding euro down?

Short from 60
Well done, that's the way: take all and every signal you have.

Short from 67 here.
  • #13,031
  • Jan 8, 2010 9:25am Jan 8, 2010 9:25am
Quoting elizo
Well done, that's the way: take all and every signal you have.

Short from 67 here.

as Feb said on NFP take the opposite side of the initial pull ... so down today.. let's see where this goes lol
  • #13,032
  • Jan 8, 2010 9:33am Jan 8, 2010 9:33am
Stayed out of the news but went short after 123S at 1.4371 with initial stop above the PB.
Bailed out at 1.4316 on the PA following the retracement in the last long bear candle. Total +55 pips
  • #13,033
  • Jan 8, 2010 9:41am Jan 8, 2010 9:41am
out @28
+32 pips
  • #13,034
  • Jan 8, 2010 9:47am Jan 8, 2010 9:47am
Trade #1
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  • #13,035
  • Jan 8, 2010 10:13am Jan 8, 2010 10:13am
Long on 123S at 1.4340 playing #2
  • #13,036
  • Jan 8, 2010 10:43am Jan 8, 2010 10:43am
moved SL to 1.4333
  • #13,037
  • Jan 8, 2010 10:54am Jan 8, 2010 10:54am
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I entered on this 123 setup, however in trying practice expectancy once in the trade, I exited this position afer about 15 mins in the shaded area for BE. Did anyone else do that or am i getting too nervous too early?... thanks for any advice.

Good Luck
Iz
  • #13,038
  • Jan 8, 2010 11:00am Jan 8, 2010 11:00am
why nervous? The market did move slow - like watching paint dry - but gives you all the time in the world to watch the move. Still in.
Off we go !
Moved SL to BE
  • #13,039
  • Jan 8, 2010 11:08am Jan 8, 2010 11:08am
Mo,

I think you have to understand that on a day like today NFP a lot of people will stay away because there can be some big surprises. Other people love the NFP and lots of money will be traded on and around the release, in order to try and catch a huge runner.

Another part of the market dynamics you must understand is that London is now closed and has taken a large amount of the money with it and it is around lunch time in New York (I think) therefore lots of the big boys will be eating and not trading.

It is also Friday afternoon, so many people have tied up their positions for the week and have gone fishing for the weekend.

For these reasons liquidity will be low about now which means the market will move slowly. I entered late at .4348 and have just checked my chart and found a nice 20 pips profit. You must remmber that price will probably come back on you at some point, you just need to let it happen sometimes in order to have a runner. Set your initial stop loss at a place you are comfortable with price hitting, if it hits, you're out. If not, and it moves a decent amount, move it up/to BE.

One thing you cannot learn/read in this game is experience. It is all about executions. The more you have under your belt, the less you will let the market panic you into moving your SL too early. Ride the wave, take it easy, be cool...

Nick
The customer is always right!
  • #13,040
  • Jan 8, 2010 11:08am Jan 8, 2010 11:08am
Quoting heronlake7
why nervous? The market did move slow - like watching paint dry - but gives you all the time in the world to watch the move. Still in.
I think thats what was worrying me, in that is was to slow, and fresh from reading the expectancy posts, I was looking for price to move within a resonable time, otherwiase theres no reason to hold... Wow Looking at the charts now looks like i missed a good move.
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