The System II (Yes with irony) | Page 677 | 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)

  • #13,521
  • Jan 19, 2010 1:09am Jan 19, 2010 1:09am
Quoting Royston
Looks like the 30 pip chop monster is still alive and well. He just moved North a few pips during the night. But he has still got to wake up sometime...
Yeah it's been 27 pips for the last few hours. I have taken 2 shots so far this morning. 2nd shot still running but it's just not dropping (yet). Mr. Market is playing hard to get.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 21 KB
  • #13,522
  • Jan 19, 2010 1:16am Jan 19, 2010 1:16am
guys..
we are in 50 pips range since yesterday and inside a 30 pips range today..

This Market is FLAT..

123..FCR.. LV.. DT.. DB.. WB..WR.. you name it.. they all don't WORTH a CRAP UNITL WE ARE OUT OF THIS BITCH..

You can take one shots at each side of the bracket off the open of each session maybe at best!!! thats it..

don't force it guys, when the chop is so obvious.
  • #13,523
  • Jan 19, 2010 1:24am Jan 19, 2010 1:24am
Quoting fxachilies
guys..
we are in 50 pips range since yesterday and inside a 30 pips range today..

This Market is FLAT..

123..FCR.. LV.. DT.. DB.. WB..WR.. you name it.. they all don't WORTH a CRAP UNITL WE ARE OUT OF THIS BITCH..

You can take one shots at each side of the bracket off the open of each session maybe at best!!! thats it..

don't force it guys, when the chop is so obvious.
Thanks FXA. Must admit I have been forcing it a bit. Was going to play the bracket if my second shot inside fails.
  • #13,524
  • Jan 19, 2010 1:35am Jan 19, 2010 1:35am
At last we're out of that bitch of a range ! Not clear yet though.
  • #13,525
  • Jan 19, 2010 1:44am Jan 19, 2010 1:44am
Shorting this one on the bearish BB... watching Australian Open while it moves
  • #13,526
  • Jan 19, 2010 1:47am Jan 19, 2010 1:47am
what a Baammm
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 18 KB
  • #13,527
  • Jan 19, 2010 1:50am Jan 19, 2010 1:50am
boy, did i mess this up!! i was short from 4397, wrote down my "if..then.." and didn't apply it, closed the trade @ 11:10am at + 2. worse still, had to take a tel call and missed the true break. i'm such an ass.
  • #13,528
  • Jan 19, 2010 1:55am Jan 19, 2010 1:55am
Quoting spearfx
what a Baammm
We are in the driver's seat ! Nice position to be in. Let's see how much we can squeeze out of it to pay for the "testers" we have been throwing at the market. Hopefully there should be some left over for a pint or two, lol!
  • #13,529
  • Jan 19, 2010 2:00am Jan 19, 2010 2:00am
Quoting bubola
boy, did i mess this up!! i was short from 4397, wrote down my "if..then.." and didn't apply it, closed the trade @ 11:10am at + 2. worse still, had to take a tel call and missed the true break. i'm such an ass.
Sorry you missed the bus with us. Don't worry, catch the next one coming down the road.
  • #13,530
  • Jan 19, 2010 2:01am Jan 19, 2010 2:01am
Quoting spearfx
what a Baammm
I closed this short for 50 pips.
  • #13,531
  • Jan 19, 2010 2:03am Jan 19, 2010 2:03am
Quoting spearfx
I closed this short for 50 pips.
I am staying in. This could be a long runner. Like FXA said, don't be afraid to leave some on the table. I am just going to trail it with the fcr's. If I end up with less, doesn't matter. I am trying to keep a runner mentality here, lol!
Well done anyway. We took the risk and now are being rewarded.
  • #13,532
  • Jan 19, 2010 2:03am Jan 19, 2010 2:03am
Quoting Bakuli
Sorry you missed the bus with us. Don't worry, catch the next one coming down the road.
but i'm doing my swear song for u guys. see?? it's working!!
  • #13,533
  • Jan 19, 2010 2:08am Jan 19, 2010 2:08am
Quoting Bakuli
Why ? This could be a long runner. I am just going to trail it with the fcr's.
you were right bro.
i should learn to have some more patience.
still learning to have runner mentality.
  • #13,534
  • Jan 19, 2010 2:10am Jan 19, 2010 2:10am
Thank you Bubola. We knew we could count on you. Next bus will be coming around the corner soon.

Those not on board, please do not jump in now. It's just too risky in my humble opinion. Wait for an fcr.
  • #13,535
  • Jan 19, 2010 2:10am Jan 19, 2010 2:10am
Quoting spearfx
I closed this short for 50 pips.
Oooooooooh........ come on!

Stick to the plan... this baby will give a lot more... you'll have chances to get out at +50 for sure, while keeping you safe from reentries and with all probabilities opened for a big 3 figures one!

Not a good movement, especially bearing in mind that you are building up bad habits (the chicken one). Don't take it bad, friend, but it's just on your own benefit.

Edit: I saw your reply. No probs, we are all learning. Good that you realise it.
  • #13,536
  • Jan 19, 2010 2:12am Jan 19, 2010 2:12am
Quoting Bakuli
I am staying in. This could be a long runner. Like FXA said, don't be afraid to leave some on the table. I am just going to trail it with the fcr's. If I end up with less, doesn't matter. I am trying to keep a runner mentality here, lol!
Well done anyway. We took the risk and now are being rewarded.
There you go.
  • #13,537
  • Jan 19, 2010 2:17am Jan 19, 2010 2:17am
Quoting elizo
Oooooooooh........ come on!

Stick to the plan... this baby will give a lot more... you'll have chances to get out at +50 for sure, while keeping you safe from reentries and with all probabilities open for a big 3 figures one!

Not a good movement, especially building up bad habits. Don't take it bad, friend, but it's just on your own benefit.

Edit: I saw your reply. No probs, we are all learning. Good that you realise it.
thnx buddy. ur advice is always welcomed by a newbie like me.
  • #13,538
  • Jan 19, 2010 2:23am Jan 19, 2010 2:23am
Ok, so we had a pretty much straight swing of +60 pips. Now, we are in the perfect world, and in my case I will wait for a retracement and the developing of an FCR, but my tolerance is lesser now in case this comes back with speed and momentum. I will not cash less than 2/3 of this, which doesn't mean to set a Hard SL there at this moment. I will lock up a few ones in case something absolutely out of mind happens (black swan stuff), probably around half of the movement.

Now, once the FCR is developed, if so, I will wait for a new try to lows... this time, as I am in good profit territory, I will not be as tolerant as I would be on a proper #1 play. FX has another approach, probably better, which is go and crush it, and he will probably wait much more time. The important things here are:

1.- You did not panic for having more money (lol) and waited a proper retracement. It will happen for all the sissy boys jumping out of the boat. Fair enough, but we have this market grabbed by you know where and it won't escape so easy.
2.- You apply the tools you already know in order to maximize your profit. This means wait for a try to lows, understand speed and momentum concepts. It's fucking bearish and you are all sold, boys and girls.

Congrats to those sticking to the plan. Financial independence is nearer and nearer...
  • #13,539
  • Jan 19, 2010 2:25am Jan 19, 2010 2:25am
Quoting elizo
There you go.
Cheers Elizo !
I am not even looking at my charts now. Helps to keep my mindfree from counting the pips and wanting to bail out, lol. I only look at it occasionally and also I have used my sound alerts (which I posted earlier) to mark out the levels that I think are important with my trade management, eg fcr's, consolidation, etc. I place the sound alert a few pips before the market actually reaches it, so as to give me time to do an assessment of what's going on.

B
  • #13,540
  • Jan 19, 2010 2:28am Jan 19, 2010 2:28am
Quoting elizo
Ok, so we had a pretty much straight swing of +60 pips. Now, we are in the perfect world, and in my case I will wait for a retracement and the developing of an FCR, but my tolerance is lesser now in case this comes back with speed and momentum. I will not cash less than 2/3 of this, which doesn't mean to set a Hard SL there at this moment. I will lock up a few ones in case something absolutely out of mind happens (black swan stuff), probably around half of the movement.

Now, once the FCR is developed, if so, I will wait for a new try to lows......
Thanks for that post Elizo. I am absorbing everything in. Great having you "family" members here helping us along the rough road.
2 traders viewing now