The System II (Yes with irony) | Page 728 | 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)

  • #14,541
  • Jan 27, 2010 10:49pm Jan 27, 2010 10:49pm
A Chart to show potential fcr set up.

To non System 2 readers,
Please note that this is not a trade recommendation but just to highlight potential set-ups that we look for in line with the strategy here.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 11 KB
  • #14,542
  • Jan 27, 2010 10:59pm Jan 27, 2010 10:59pm
Very good post!! Been there many times...

I just managed to get online again...massive thunderstorm here last night so connections still not great...
I had stop and reverse at 85....tried to post but couldnt get online...
Looking like its moving in a bit of a bracket right now...

Quoting Bakuli
Autopsy of a good trade turned bad.

I am now out of my short trade from 4014....
I follow THE PLAN to Survive & Preserve..
  • #14,543
  • Jan 27, 2010 11:01pm Jan 27, 2010 11:01pm
Brother FXA,
SC1 is refering to scenario 1? I been flipping for the explanations in the thread.
Don't stop believing
  • #14,544
  • Jan 27, 2010 11:05pm Jan 27, 2010 11:05pm
Quoting kishou
Very good post!! Been there many times...

I just managed to get online again...massive thunderstorm here last night so connections still not great...
I had stop and reverse at 85....tried to post but couldnt get online...
Looking like its moving in a bit of a bracket right now...
Thanks. I guess it's a journey we all need to take till it hurts so much that it sticks in our mind!!! Lol! I am loving every minute of it though. It's turning me into a better trader for it.

Yes, I agree the fcr set-up I posted earlier is starting to look more like a bracket now.
  • #14,545
  • Jan 27, 2010 11:07pm Jan 27, 2010 11:07pm
Quoting makemillions
Brother FXA,
SC1 is refering to scenario 1? I been flipping for the explanations in the thread.
I am sure he won't mind me answering. Yes, you are correct SC1 refers to scenario 1.
  • #14,546
  • Jan 27, 2010 11:13pm Jan 27, 2010 11:13pm
Quoting Bakuli
I am sure he won't mind me answering. Yes, you are correct SC1 refers to scenario 1.

thanks bro bakuli, appreciate the quick revert.
Don't stop believing
  • #14,547
  • Jan 28, 2010 12:33am Jan 28, 2010 12:33am
Nice long bracket leading into London, long 4028, short at 4004, playing some tight defense for both orders
Attached Image (click to enlarge)
Click to Enlarge Name: bracket.gif Size: 22 KB
  • #14,548
  • Jan 28, 2010 12:44am Jan 28, 2010 12:44am
gm, looks like a rough night...bakuli, believe me, i know what ur feeling, but hey, just one trade, plenty more ahead of us
  • #14,549
  • Jan 28, 2010 12:45am Jan 28, 2010 12:45am
Quoting skris
Nice long bracket leading into London, long 4028, short at 4004, playing some tight defense for both orders
Same orders with you. Let's kick some ass ! We need to get back what we left on the table Asia session. I calculated I lost out around +50 pips for my mistakes (not moving SL to that fcr and not taking on the reverse trade from that same fcr). Well mistakes can only make one stronger, that is if we learn from it!
  • #14,550
  • Jan 28, 2010 12:48am Jan 28, 2010 12:48am
Quoting bubola
gm, looks like a rough night...bakuli, believe me, i know what ur feeling, but hey, just one trade, plenty more ahead of us
Good morning Bubola,
Yes it's been a rough night ! Well it actually should have been sweet but I f--ked up, lol! Expensive lessons but it sure is sticking into my brain (what's left of it! lol). A few more expensive mistakes like this, I think it will be forever engraved in my brain. Behaviour modification is a costly and painful exercise, lol!
  • #14,551
  • Jan 28, 2010 12:51am Jan 28, 2010 12:51am
Morning all,

Just taken the short at 1.4004 off the bracket break. Been a tight bracket for some time...could be fun!
  • #14,552
  • Edited 1:02am Jan 28, 2010 12:52am | Edited 1:02am
My BB short @4004 has triggered. Playing 2G+

edit out for -12
  • #14,553
  • Jan 28, 2010 12:57am Jan 28, 2010 12:57am
Quoting Bakuli
My BB short @4004 has triggered. Playing 2G+
Was triggered cpl of bars ago also, closed for -5, didn't like the break at all
  • #14,554
  • Jan 28, 2010 1:03am Jan 28, 2010 1:03am
setting up re-entry at 4001
  • #14,555
  • Jan 28, 2010 1:04am Jan 28, 2010 1:04am
Quoting Bakuli
Same orders with you. Let's kick some ass ! We need to get back what we left on the table Asia session. I calculated I lost out around +50 pips for my mistakes (not moving SL to that fcr and not taking on the reverse trade from that same fcr). Well mistakes can only make one stronger, that is if we learn from it!
Morning all,

just a couple of things to comment from my side:

1.-Trading for revenge is not usually a good practise. In poker, they use to say that money on the table belongs to nobody. So it was never yours. Forget about it. And...

2.- WASH, RINSE... REPEAT.

Let's go!
  • #14,556
  • Jan 28, 2010 1:04am Jan 28, 2010 1:04am
Out at -11. Not the kind of fun I had in mind. Will re-enter 1.4027 or 1.4001
  • #14,557
  • Jan 28, 2010 1:16am Jan 28, 2010 1:16am
Quoting elizo
Morning all,

just a couple of things to comment from my side:

1.-Trading for revenge is not usually a good practise. In poker, they use to say that money on the table belongs to nobody. So it was never yours. Forget about it. And...

2.- WASH, RINSE... REPEAT.

Let's go!
Good morning Elizo,
Point taken. I wouldn't trade for revenge, been there, done it and have big battle scars to show for it ! I was just jesting when I said "kick ass" , lol. But thank you for bringing it uo because we do need to be reminded once in a while to re-inforce good trader mindset.

Also that bit about what I left behind (50+)was only a self reminder of my mistakes of not sticking to plan. It's just my perverse way of behaviour modification ie keep reminding myself of it, lol.

Cheers mate,
B
  • #14,558
  • Jan 28, 2010 1:19am Jan 28, 2010 1:19am
Quoting Bakuli
Autopsy of a good trade turned bad.

I am now out of my short trade from 4014. My SL was finally taken out at BE after all the fear, hoping & praying!!! Sounds familiar, doesn't it ? Well, Mr Market just don't care about all the hope and prayers you throw at it. It will do what it wants to do!

Ok, the purpose of this post is to highlight my mistakes, as a self reminder and also to help you guys from doing the same.

My mistakes....
I did not move my SL to above the fcr formed @ 3980 (3983). That would have saved me going through all...
I appreciated this post greatly by our friend Baku.. pure honesty, i for one admire that. this morning you got one more step closer to the mountain fog.

there are some key issues there.. read it and take notes fellas.

thats ok Baku.. been there done that manytimes and these were the situations that caused me to come up with differet ways for the plan.. thats what forced me to push myself instead of quitting.. bcz I became obsessed and i had to make it work in some ways.. my way its not like a EA thingy, not much wanted to like that, but it works and once its fully understood and enough experience gained then you will make money at anytime anywere as you wish, bcz its not a "system" that would let you down when market goes to cycles.. all we do is to follow the foot steps of the price in the now moments, with some structure to go with it.

dance the dance and lessen the mis steps then soon enough you will be dancing with the stars.

lets have nice trading day..
  • #14,559
  • Jan 28, 2010 1:24am Jan 28, 2010 1:24am
Quoting makemillions
Brother FXA,
SC1 is refering to scenario 1? I been flipping for the explanations in the thread.
yes my friend.. sc1 or sc2 or sc3... are the scenarios in post 11758.
  • #14,560
  • Jan 28, 2010 1:25am Jan 28, 2010 1:25am
Quoting fxachilies
I appreciated this post greatly by our friend Baku.. pure honesty, i for one admire that. this morning you got one more step closer to the mountain fog.

there are some key issues there.. read it and take notes fellas.

thats ok Baku.....
Thanks brother Fxa for your feedback. I appreciate it very much. I know I still have some issues to resolve with my trading. In an ironic way, all the mistakes that I made in real time live trading is starting make a change in my mindset, slowly but surely in the right direction. And of course with your invaluable guidance & Feb's.
26 traders viewing now