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The System II (Yes with irony)

  • #13,541
  • Jan 19, 2010 4:29am Jan 19, 2010 4:29am
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.
...
Thanks for your live comments, elizo.

So valuable. I appreciate it.
  • #13,542
  • Jan 19, 2010 4:30am Jan 19, 2010 4:30am
Well! The market seems to got tired from all that chopiness we had last two days, and decided to run. I missed that, had some family stuff this morning, and I am pissed, but at the same time happy for all of you that catched this, sticking to the plan for milking maximum of the move.
You wont survive without preserving!!!
  • #13,543
  • Jan 19, 2010 4:37am Jan 19, 2010 4:37am
Quoting coronajazz
Well! The market seems to got tired from all that chopiness we had last two days, and decided to run. I missed that, had some family stuff this morning, and I am pissed, but at the same time happy for all of you that catched this, sticking to the plan for milking maximum of the move.
Jazz, next bus coming along soon, and the next one, and the next one, and the next one.
I am so glad I found the plan here that taught me how to "lose". That has made such a big impact on my trading.
  • #13,544
  • Edited 5:12am Jan 19, 2010 4:48am | Edited 5:12am
ohhhhhhhhhh yaaaaaa baby.. sooner or later its got to run..
its nice to come back after lunch and witness a 60pips droper...

i hope you all took the BB setup..
i feel lucky that it was a clean break and a clean run, so my unsuperwised 15pips G+ SL was not touched..

the forex gods alive.. lol

ps) this is a beautiful sight guys.. i live for this moments..
trade with passion.



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  • #13,545
  • Jan 19, 2010 4:50am Jan 19, 2010 4:50am
Ok, FCR formed at 41.5. So my SL above it (spread + 3 pips in my case).

Almost 30 locked up... now I have to watch PA as a hawk.

Just a note to remind why we are doing what we are doing: Some of the market participants cashed at +50. I entered short at 83. Market is 33 now. I can cash at the same level of all them, and

a) market still ran after they bailed out -so you never know when we have touched the ground
b) I have all my chances opened for a WOWWWWWWWWWWWW ride...

Does it make sense? I just risked 13 pips (from 46 to 33, where those people bailed out) to have big chances of getting big time more. And market is biased on my favour...
  • #13,546
  • Jan 19, 2010 4:54am Jan 19, 2010 4:54am
Elizo,

I've just noticed your tagline 'Focusing in performance will bring profits. Focusing in profits will bring loses'. Excellent advice which will improve my mindset when trading.

BTW still in from 4379
  • #13,547
  • Jan 19, 2010 4:58am Jan 19, 2010 4:58am
Quoting elizo
Ok, FCR formed at 41.5. So my SL above it (spread + 3 pips in my case).

Almost 30 locked up... now I have to watch PA as a hawk.

Just a note to remind why we are doing what we are doing: Some of the market participants cashed at +50. I entered short at 83. Market is 33 now. I can cash at the same level of all them, and

a) market still ran after they bailed out -so you never know when we have touched the ground
b) I have all my chances opened for a WOWWWWWWWWWWWW ride...

Does it make sense? I just risked 13 pips (from 46 to 33, where those people...
Very good point there Elizo. That's how I am thinking too, thanks to the knowledge gained from here.
  • #13,548
  • Jan 19, 2010 5:01am Jan 19, 2010 5:01am
still swearing at the market for you, guys!
  • #13,549
  • Jan 19, 2010 5:02am Jan 19, 2010 5:02am
thanks, fx achilies

1.4303 printed... Omg
  • #13,550
  • Jan 19, 2010 5:04am Jan 19, 2010 5:04am
SL moved to 4347 above fcr formed.

Bubola, are you still singing your song for us? It's working out well whatever you have been singing.
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  • #13,551
  • Jan 19, 2010 5:10am Jan 19, 2010 5:10am
oh yessssss this is my time.. crushing hurdels like cup cake.. leaning on the price like no other.. watching it from the top with 33 locked already..

we are in scenario 3 incase if your wondering.. all kinds of options open.. but this is a strong drop and it has not shown me anyhting yet that i should jump of the bus yet.. as far as i know i just got a nice break of the last LL.. so, ya thats how market pays me back.. in bundels..

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  • #13,552
  • Jan 19, 2010 5:17am Jan 19, 2010 5:17am
Quoting fxachilies
oh yessssss this is my time.. crushing hurdels like cup cake.. leaning on the price like no other.. watching it from the top with 33 locked already..

we are in scenario 3 incase if your wondering.. all kinds of options open.. but this is a strong drop and it has not shown me anyhting yet that i should jump of the bus yet.. as far as i know i just got a nice break of the last LL.. so, ya thats how market pays me back.. in bundels..

http://cdn.forexfactory.com/images/attach/gif.gif
FXA,
How are you managing the trade ? Are you trailing it above each fcr as it forms ? What should I be looking for to bail out ? Your thoughts are much appreciated.

Cheers,
B
  • #13,553
  • Jan 19, 2010 5:18am Jan 19, 2010 5:18am
Bakuli..
how you likin it brother... is this the iT..
are you signed in with me for life?... lol

I think i already know your answer and i am so happy for you and others aswell..

its party time guys.. you got to enjoy this bitch sometimes.. but keep humbelness in back of your mind at all times..


I don't think exits!!! ... you get this hint..

Think positive..
  • #13,554
  • Jan 19, 2010 5:21am Jan 19, 2010 5:21am
Quoting fxachilies
Bakuli..
how you likin it brother... is this the iT..
are you signed in with me for life?... lol

I think i already know your answer and i am so happy for you and others aswell..

its party time guys.. you got to enjoy this bitch sometimes.. but keep humbelness in back of your mind at all times..
You know the answer brother! I can't thank you enough (not forgetting our mentor FEB, the creator of this thread).
  • #13,555
  • Jan 19, 2010 5:24am Jan 19, 2010 5:24am
OK, I banked at 13 here after failing down. As I said, probably too early and FX will wait more, but I am +70 now and my tolerance now is lesser.

I am not saying that I traded perfect. I am just saying that I applied the plan and did what I was supposed to do. I am still learning, like you, and making mistakes, but refining enough my activity to show you that this is just a work.

Back to the Australian Open, and opening a chilling beer... sorry, but I must admit I am a lazy one

Hope my commentaries are helping someone. Again, it's not a matter of "how good I trade", but just giving back a little bit of the huge knowledge FX gave to me
  • #13,556
  • Jan 19, 2010 5:28am Jan 19, 2010 5:28am
Quoting Bakuli
You know the answer brother! I can't thank you enough (not forgetting our mentor FEB, the creator of this thread).
thats what i call loyalty and gratitude (remembering dear feb).. thats why i like u a lot Baku..

good karma to you and your family my brother.
  • #13,557
  • Jan 19, 2010 5:32am Jan 19, 2010 5:32am
Quoting elizo
OK, I banked at 13 here after failing down. As I said, probably too early and FX will wait more, but I am +70 now and my tolerance now is lesser.

I am not saying that I traded perfect. I am just saying that I applied the plan and did what I was supposed to do. I am still learning, like you, and making mistakes, but refining enough my activity to show you that this is just a work.

Back to the Australian Open, and opening a chilling beer... sorry, but I must admit I am a lazy one

Hope my commentaries are helping someone. Again, it's not a...

thanks for the nice words.. and congrats on +70.. its a beautiful thing..

but i got to give you some love here.. ..lol

you need to practise by that signature my brother.. jumping off the boat based on profit and not the plan..

wouldn't u like to have +65 locked and now keep watching down on this .

now watch me bank atleast +70 if not 170...
  • #13,558
  • Jan 19, 2010 5:36am Jan 19, 2010 5:36am
Quoting fxachilies
thanks for the nice words.. and congrats on +70.. its a beautiful thing..

but i got to give you some love here.. ..lol

you need to practise by that signature my brother.. jumping off the boat based on profit and not the plan..

wouldn't u like to have +65 locked and now keep watching down on this ..
I know, you are absolutely right. What I want to show is that I am making mistakes, but still performing astonishing. So we all have to BELIEVE what it's written here.

Guys, don't do what I did. Go and play the FORREST and you'll get what you want. Personally, I don't feel bad but not happy either. I've felt better playing G+ several times than now. Still a long way to walk for me.
  • #13,559
  • Jan 19, 2010 5:39am Jan 19, 2010 5:39am
There's no clear rejection of the LL at the moment, neither a counter-fcr.

So... still in!

Thank you, fxachilies. I now look at the chart and let hope, fear, greed and all that stuff away.
  • #13,560
  • Jan 19, 2010 5:50am Jan 19, 2010 5:50am
Quoting fmarcia
There's no clear rejection of the LL at the moment, neither a counter-fcr.

So... still in!

Thank you, fxachilies. I now look at the chart and let hope, fear, greed and all that stuff away.
Excellent post.
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