The System II (Yes with irony) | Page 733 | Forex Factory

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We all need pivots to win..yes or not? 13 replies

The System (Irony included) 1,175 replies

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The System II (Yes with irony)

  • #14,641
  • Jan 28, 2010 5:05am Jan 28, 2010 5:05am
Quoting Bakuli
Well the first hurdle is nearly in sight, a few more pips to +25. So #1sc1 coming into play.
Bakuli ... my dear friend ... 25 pips in itself is not a hurdle ... its merely a short term target ... a hurdle is like an LL or HH which u need to break to maintain momentum.

In my humble opinion the key to runners is to see pace, momentum, speed, and then the corrections (how deep etc) to ascertain the quality of the move ... anything above 50 pips thats a runner especially in a market where the typical average range is roughly 120 pips or so.

Would you agree FX?
  • #14,642
  • Jan 28, 2010 5:21am Jan 28, 2010 5:21am
excellent long but well put post by Macdaddy..
worth a million dollars of goods. its a BAMMMMMMMM POST.

i love the jelly beans..

but, macdaddy.. am i allowed to switch it to 10 shots of lemonchelos.. lol.. is that wise for flying me to the moon.. lol
  • #14,643
  • Jan 28, 2010 5:24am Jan 28, 2010 5:24am
Price action today quite sticky.

We have US numbers in 2 hours.
  • #14,644
  • Jan 28, 2010 5:25am Jan 28, 2010 5:25am
Quoting DesertFX
Bakuli ... my dear friend ... 25 pips in itself is not a hurdle ... its merely a short term target ... a hurdle is like an LL or HH which u need to break to maintain momentum.

In my humble opinion the key to runners is to see pace, momentum, speed, and then the corrections (how deep etc) to ascertain the quality of the move ... anything above 50 pips thats a runner especially in a market where the typical average range is roughly 120 pips or so.

Would you agree FX?
I know what you are saying about the HH, HL, LH & LL and the likes. I was just referring to what Fxa has included in the Scenario 1 play.

Here is a quote from fxa about the hurdle that I was referring to in my previous post. maybe my interpretation is wrong but here's what 's written down .......

scenario 1.. when i enter a trade.. and its not a fakeout bcz it has shoot up for about 15 or 20 pips gain.. then i am obviously set to play #1.. and I set my sl below the levelline.. ok.. with knowing that B is my first choice.. if right around 20-25 pips and under i get to face with my first hurdle, then follows with levelline holding and retrace resuming back in my direction and tests the LL/HH.. at this moment i do not preserve on first or even the second attempt..

I like what you say about the runners but to tell you the truth I don't really put any indepth analysis into what a runner should look like, feel like, etc.. but hey ! That's me, rightly or wrongly. Just my humble opinion. Thanks for the post. It's good to discuss...so over to the family now for their views.

Cheers,
B
  • #14,645
  • Jan 28, 2010 5:30am Jan 28, 2010 5:30am
This game is all about Patience ))))
  • #14,646
  • Jan 28, 2010 5:33am Jan 28, 2010 5:33am
Quoting Bakuli
I know what you are saying about the HH, HL, LH & LL and the likes. I was just referring to what Fxa has included in the Scenario 1 play.

Here is a quote from fxa about the hurdle that I was referring to in my previous post. maybe my interpretation is wrong but here's what 's written down .......

scenario 1[color=blue].. when i enter a trade.. and its not a fakeout bcz it has shoot up for about 15 or 20 pips gain.. then i am obviously set to play #1.. and I set my sl below the levelline.. ok.. with knowing that B is...

Bakuli you are a gentleman ...

Watch now for the first proper hurdle ..... 1.3995 ..... this is the low of this move
  • #14,647
  • Jan 28, 2010 5:35am Jan 28, 2010 5:35am
Moving my stop to 1.4011. Just above the FCR.
  • #14,648
  • Jan 28, 2010 5:37am Jan 28, 2010 5:37am
Quoting DesertFX
Bakuli you are a gentleman ...

Watch now for the first proper hurdle ..... 1.3995 ..... this is the low of this move

Would like to see a candle close below 1.3995 .... to get a good signal this move is not just a bounce.
  • #14,649
  • Jan 28, 2010 5:44am Jan 28, 2010 5:44am
Quoting DesertFX
Would like to see a candle close below 1.3995 .... to get a good signal this move is not just a bounce.
Ok, am watching. Thanks
  • #14,650
  • Jan 28, 2010 5:49am Jan 28, 2010 5:49am
Quoting DesertFX
Bakuli ... my dear friend ... 25 pips in itself is not a hurdle ... its merely a short term target ... a hurdle is like an LL or HH which u need to break to maintain momentum.

In my humble opinion the key to runners is to see pace, momentum, speed, and then the corrections (how deep etc) to ascertain the quality of the move ... anything above 50 pips thats a runner especially in a market where the typical average range is roughly 120 pips or so.

Would you agree FX?

instead of me answering this question and questions alike.. (no offence dfx)

hear me out on my humble observation and little advise..

reading your recent post about current discussion.. the key phrases that captured me were.. "do not over complicate the matter" I know all about the saying that, simple is difficult.. but just make it happen, just do it.. at some point u got make some kind of a hard commitment to yourself and follow it like your life is dependent on it..

the other phrase that you want to pay close attention to is.. "losing well its a achivment" .. wow, powerful, powerful stuff.. elizo's signuture also points out to this. separate yourself from the money.. the stack infront of you got nothing to do with your performance and decision making in the heat of the battle..
in poker, we play the man..

in trading, we play the man within!!.. you got me there!!..

and the best way to deal with that is to keep it simple.. risk a comfortable load to trade at ease will go a long way.

they say:
Mohammad Ali become really great when he found other reasons to fight for other than just money and championship belts.

our own dear mentor feb.. became really great when he found other reasons to trade for other than just making money like hot cakes at will (i seen it).. to give back and stay alive.. thats why you have this trade today..
  • #14,651
  • Jan 28, 2010 5:55am Jan 28, 2010 5:55am
No offence taken FX .... you are my bro .... and am always eager to hear decent advice legend.
  • #14,652
  • Jan 28, 2010 5:58am Jan 28, 2010 5:58am
Quoting fxachilies
............................................
in poker, we play the man..

in trading, we play the man within!!..

I like that quote very much. Going to use it as my signature.
  • #14,653
  • Jan 28, 2010 6:17am Jan 28, 2010 6:17am
Am in on fcr long 4011.

edit - Actually it's BB, so #2G+
  • #14,654
  • Jan 28, 2010 6:19am Jan 28, 2010 6:19am
with you

Quoting Bakuli
Am in on fcr long 4011.
I follow THE PLAN to Survive & Preserve..
  • #14,655
  • Jan 28, 2010 6:22am Jan 28, 2010 6:22am
Quoting Bakuli
Am in on fcr long 4011.

edit - Actually it's BB, so #2G+
Witth you in this long....

Good luck to us!!!
  • #14,656
  • Jan 28, 2010 6:39am Jan 28, 2010 6:39am
Im out for the rest of the days peeps .... have a great one.

Take Care
  • #14,657
  • Jan 28, 2010 6:39am Jan 28, 2010 6:39am
Houston! We have lift off!
  • #14,658
  • Jan 28, 2010 6:40am Jan 28, 2010 6:40am
There goes the spring.

FX I dont know how can I thank you brother.
You wont survive without preserving!!!
  • #14,659
  • Jan 28, 2010 6:40am Jan 28, 2010 6:40am
you guys still in? Im hanging on... was fun start...

Quoting dim4ik42
Witth you in this long....

Good luck to us!!!
I follow THE PLAN to Survive & Preserve..
  • #14,660
  • Jan 28, 2010 6:41am Jan 28, 2010 6:41am
Quoting DesertFX
Im out for the rest of the days peeps .... have a great one.

Take Care

Aren't you in on the long? Have a nice day !!! See you later!
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