The System II (Yes with irony)

yes LV that your trade was triggered.. (watch my last chart)

we can not go from 25pips profit down to 25pips loss.. but to 10 pips loss or a BE is ok.. we took our shot but it did not pan out.. so what.. big deal.. wash and rinse.. next111111111111111111111

Thanks !

ok... i am pretty sure that some of you took some profit as u saw that 1st big solid bull candel.. so u made what? about 10pips top maybe.. thats nice.. but you practised to create a bad habit.. and the worst thing that can happen to you is that it will make you look like a winner.. this is the power of market decive (if you look at it in the long run). that is the difference between me and some of you.. and thats why I bank on more runners on a daily and weekly bases more than anyone in the planet.. lol.
i explain..
what if the price would have resumed back to bear ride right after your exit? you out and the runner mentality guy is still in.. price breaks the LL and drops some more.. the runner mentality guy is still in for a good 35pips from ORIGINAL entery in the driverseat.. and you.. just got triggered for a higher risk countinuation signal further down on the ride and strated a new fight, plus you have cheated yourself out of some pips between your exit and new entery.. uffffffffffff.. not a good position at all.
ok.. I think is clear picture..

this is what i do.. i pick one big fight (orginal entery) and stay tough and rejects markets pitty 20-25 pips and ask for more.. he tries to decieve me with all shapes and forms.. but i stay tough.. until either takes me out for some loss or really stalls and forms a consolidation, so i will get out with atleast tha minimal profit that you earlier got out, or it gets me to the promise land and rewards me for my toughness and patience.. hence that i did all this with no more than a 10pips risk.. thats it..

now compare yourself to me and be the judge..

I wanted to paint a live real time picture for you.. as i have done manytimes for myself when i was putting my game plan toghether..

this should help you alot.. I hope.

I am still in by the way.. watch the discipline as how price got closed to my sl and i held my ground and DID NOT MOVE IT.. its a automatic practise in my head now.. I know my plan and go by it till the day i die..

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

Thanks for the live comments. Really helpful in shaping us into better traders. I am still in the trade as I am after that runner as you emphasised so much in your plan.

Cheers,
B

my sl was 7 away from LV and got triggered @ -6 on future contract. by momday i'll switch to fxcm mt4 spot market, so i can follow you guys better

i see what i did wrong: i used the 5:50am candle as the LL

Jazz..
read my previous post.. it should help you with the problems that you brought to our attention yesterday..

now i know your was more to the sense of #1 SF sc1 ply..

for immidiate fakeouts as to play G+ and reentery.... I the only thing i can say is that read the last part of my post about picking one 1st good fight.. you might want to give the G+ some more room, like 10pips above the LV and watch the speed and momentum of the PA.. it should help and it may get you out of the Battle of LV and once you win that fight you will be in the better position.

let me know what you think..



I feel like dog shit guys.. i got a heavy could/flu, i think it stuck in my body from germanys damn cold wheather out there. i can never live in such places.. i guess i am toomuch of a Cali sunshine boy.

Thanks for your live comments, fx.

I was playing the same game than you but used the last LL, 1 pip lesser than yours so my stop was triggered at the very top of this wave! Can somebody cry with me?

miss B,
fxcm is a very good broker.. i got a me setup for my major account with them begining of this yr.. it is aswsome.. the price quotes are on the money.. they are by far the biggest and most reliable u.s broker.
I highly recomended.


btw guys.. i exited the short at BE.. when it stall more than it should.. and i migh even take the long of the 123s setup..

now long on S123, sl below 10:10am candle

.. i love it..

here i cry with you.. .. here some more.. buhaaa buhaaaaa

then..

we walk allthoughway to the bank toghether.. lol

I am long 1.4418. Stop 1.4398.

Thanks Fx I will post about Levelline post later.

Short from 4503 just closed at 4516 for -13. Have now switched to the long side at same level. Playing a mini fcr.

I assure you guys that this is going to be a veeeeeeeery juicy day. I see lots of good behaviors around.

Stopped out with you, long with you now.

Actually not. It's a 123s. What's the appropiate defence on this setup?

let's see if i did my homework correctly: #2 (be/-5/-15)

In at 1.4419 on 123s playing #2.
Only got half a load on as were getting back into the bracket and the market is moving SLOW.

Hope you get better soon. Try my Irish wife's cure whenever I have a cold/flu - Mix about 10 cloves, 4 big heaps (teaspoon) of sugar, a double shot of whisky and some hot water in a mug. Drink it while hot and just wrap up well. Works for me each time (I think it's the whisky, lol).

Thank you

Makeout wit da fakeout!!!!




Just want to say hello to macdaddy. I havent seen him around here for some time now.

Miss B,
welcome to the Millionaires club..
you are correct.