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The System II (Yes with irony)

  • #13,561
  • Edited 6:11am Jan 19, 2010 5:55am | Edited 6:11am
Guys i know some of you missed this bearish party out of nowhere off the dead flat market.. and its understandable..

but...

there are three ways you can do things in here..

one.. follow the plan devotedly..
two.. follow the plan..
three.. follow the plan half-ass way..

the people who always seem to catch high percentage of these rides are the one in group one..

the people who catch just enough of their fair and share of this type of ride and just bearly above BE are in group two..

the people who get not much of this types of rides or even when they do they jump off early and forget that the whole week they gave away money on all those fakeouts, will never be successful in our style of play here..

so if your in the last two groups, specially group three..

i want you tonight to do this..

grab a cup of tea or a glass of fine wine and go somewhere alone, by the beach or mountains or a open space where ever suits your comfort, and figure out what you want.. pick a side.. and make a pact with yourself.. than come back tomorrow and go after this with all you got and stay focused.

cheers...
  • #13,562
  • Jan 19, 2010 5:56am Jan 19, 2010 5:56am
SL moved to 4324 (9 pips above) above fcr at 4315. Why 9 ? Because I like that number, lol!
  • #13,563
  • Jan 19, 2010 6:00am Jan 19, 2010 6:00am
Quoting elizo
Excellent post.
Thank you, elizo.

I'm walking my way, slowly but surely, hopefully...
  • #13,564
  • Jan 19, 2010 6:05am Jan 19, 2010 6:05am
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.

thats the idea my friend.. thats the idea indeed.

put aside making ton of money or major success.. but to trade with less, emotion less.. is priceless.

I am so happy for you.


I now feel like, maybe me and feb have accomplished something to be proud of.
  • #13,565
  • Jan 19, 2010 6:07am Jan 19, 2010 6:07am
Quoting fxachilies
Guys i know some of you missed this bearish party out of nowhere off the dead flat market.....
Another brilliant post from the MAN !

FXA, you know which group I want to be in and will do everything I can, within my power and capability, to get to that group. It has been a hard slog for me for over 2 years now but I am beginning to see the fruits of my labour. All just came to light when I finally understood losing is a necessary part of being a consistent trader! And of course with the help the PLAN you structured so well for us here!
  • #13,566
  • Jan 19, 2010 6:11am Jan 19, 2010 6:11am
Quoting fxachilies
thats the idea my friend.. thats the idea indeed.

put aside making ton of money or major success.. but to trade with less, emotion less.. is priceless.

I am so happy for you.


I now feel like, maybe me and feb have accomplished something to be proud of.
Thanks for your kind words.

You're da man.
  • #13,567
  • Jan 19, 2010 6:12am Jan 19, 2010 6:12am
Quoting fxachilies
I now feel like, maybe me and feb have accomplished something to be proud of.
you have. i dont post much but I follow the thread and the plan My thanks to You and Feb (and all the other plan following posters).
Dance with the market .. I have two left feet
  • #13,568
  • Jan 19, 2010 6:30am Jan 19, 2010 6:30am
we will see if there is more in the store.. options are open for those who are still in it..

but.. does the sequence telling you something?



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  • #13,569
  • Jan 19, 2010 6:30am Jan 19, 2010 6:30am
Come on baby, drop ! Bubola , you still singing that song, lol!
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  • #13,570
  • Jan 19, 2010 6:31am Jan 19, 2010 6:31am
Self Explanatory

Good news is: you always can go a step further. A few months ago I would have missed the whole ride...

Hope it helps
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  • #13,571
  • Jan 19, 2010 6:35am Jan 19, 2010 6:35am
[quote=fxachilies;3378296]we will see if there is more in the store.. options are open for those who are still in it..

but.. does the sequence telling you something?

fcr's are getting closer, chop ahead, and maybe reversal
  • #13,572
  • Jan 19, 2010 6:36am Jan 19, 2010 6:36am
Quoting fxachilies
we will see if there is more in the store.. options are open for those who are still in it..

but.. does the sequence telling you something?
LHs so still in a move to the south?
  • #13,573
  • Jan 19, 2010 6:44am Jan 19, 2010 6:44am
Quoting fxachilies
we will see if there is more in the store.. options are open for those who are still in it..

but.. does the sequence telling you something?



http://cdn.forexfactory.com/images/attach/gif.gif
My thoughts at the time were

1. Lower highs so no worries
2. Keep stop above the first FCR they are toooo close together
Dance with the market .. I have two left feet
  • #13,574
  • Jan 19, 2010 7:01am Jan 19, 2010 7:01am
Quoting fxachilies
Guys i know some of you missed this bearish party out of nowhere off the dead flat market.. and its understandable..

but...

there are three ways you can do things in here..

one.. follow the plan devotedly..
two.. follow the plan..
three.. follow the plan half-ass way..

the people who always seem to catch high percentage of these rides are the one in group one..

the people who catch just enough of their fair and share of this type of ride and just bearly above BE are in group two..

the people who get not much of this types of rides or...
FX,

Im following the First Way! My job is to catch Runners! (Still learning how to do that, but improving with practice).

I Luckily caught this bear at the top after reading your post yesterday on entering the market at the beginning of the ride, at a BB or an FCR. Ive Managed the the Trade on the Way day according to the FCR's. So Looking for an exit point to materialise. Thanks for your help brother! + Others for asking the right questions.

Good luck to everyone!
  • #13,575
  • Jan 19, 2010 7:09am Jan 19, 2010 7:09am
Out at 1.4282

1. Dog wont wait for walk
2. upwards spike on NY open
Dance with the market .. I have two left feet
  • #13,576
  • Jan 19, 2010 7:12am Jan 19, 2010 7:12am
Hello to all!

MY CONGRATULATIONS FOR THOSE OF YOU WHO RODE THIS BUS TO ITS FINAL DESTINATION!... EVEN IF YOU GOT OFF A BIT EARLIER CONGRATULATE YOURSELF TOO!

Do not despair if you did not played correctly, learn from it ...fxa is relentless in his message...are you shedding your old skin? Fxa is living proof...no theory here.....

I missed this bus...but there will be another heading in the opposite direction...eventually.

Unus pro omnibus, omnes pro uno
  • #13,577
  • Jan 19, 2010 7:17am Jan 19, 2010 7:17am
Quoting narberth
Out at 1.4282

1. Dog wont wait for walk
2. upwards spike on NY open
Get a nappy (diapers) for the doggy, lol! Good trade, mate !

I am still in, with trailing SL at the fcr. Waiting to move it as soon as another fcr forms. Also have a reversal trade on the ready at the fcr.
  • #13,578
  • Jan 19, 2010 7:23am Jan 19, 2010 7:23am
SL moved to 4290, reverse trade in place too.
  • #13,579
  • Jan 19, 2010 7:27am Jan 19, 2010 7:27am
Out at 4284 +95. Time for a cold one.
  • #13,580
  • Jan 19, 2010 7:28am Jan 19, 2010 7:28am
Closed @4389 +87
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