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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)

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  • Post #14,981
  • Quote
  • Feb 3, 2010 5:58pm Feb 3, 2010 5:58pm
  •  fxachilies
  • | Membership Revoked | Joined Feb 2009 | 2,903 Posts
test
 
 
  • Post #14,982
  • Quote
  • Feb 3, 2010 7:05pm Feb 3, 2010 7:05pm
  •  fxachilies
  • | Membership Revoked | Joined Feb 2009 | 2,903 Posts
Quoting Bakuli
Disliked
Ok, I will attempt to answer the question although I wasn't here when all the action happened (was away at work)

Looking at the chart, it looks like we have a SF, therefore #1 Play was used. We know that #1 play is a offensive/preserving strategy. With the SF, I believe Fxa would have placed his mental stop 5 pips behind the LV with the hard stop a little bit further back. So when the PA tested the 5 pips mental stop line, it wasn't a real threat and the line held. Fxa was willing to give the battle at the LV a good fight as a battle won there...
Ignored
nice post buddy...
 
 
  • Post #14,983
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  • Feb 3, 2010 7:11pm Feb 3, 2010 7:11pm
  •  coronajazz
  • | Joined Mar 2009 | Status: Rocky da Jazz | 499 Posts
Fxachilies! Great post as always

I feel like counting down for a new year celebration.

Anyway by my counting there are 15 posts per page so post #14986 should be the first post on page 1000. I think, and I feel that everybody agrees that you (FXachilies) should open the 1000th page.
You wont survive without preserving!!!
 
 
  • Post #14,984
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  • Feb 3, 2010 7:14pm Feb 3, 2010 7:14pm
  •  fxachilies
  • | Membership Revoked | Joined Feb 2009 | 2,903 Posts
Quoting jplo
Disliked
Hi guys....
I would like to test my thinking process here with this quiz from the Master....

After a move up, price made a FCR1 to the downside, that once broken, began to hesitate a little bit to go down...

As far as it is a FCR1, and we are not risking more than 15 pips placing safetly our Stop Loss above the fractal. It worths give price some room to let it show his real colors...... and play the appropriate #2 move as our defensive play... I think it is all about Risk management here....
Ignored
nice post J.. your still my favorite rising star.. slowly but surely..
 
 
  • Post #14,985
  • Quote
  • Feb 3, 2010 7:16pm Feb 3, 2010 7:16pm
  •  FOURX
  • | Joined Feb 2007 | Status: Member | 1,476 Posts
t
 
 
  • Post #14,986
  • Quote
  • Feb 3, 2010 7:16pm Feb 3, 2010 7:16pm
  •  FOURX
  • | Joined Feb 2007 | Status: Member | 1,476 Posts
e
 
 
  • Post #14,987
  • Quote
  • Edited Feb 4, 2010 3:28am Feb 3, 2010 7:19pm | Edited Feb 4, 2010 3:28am
  •  fxachilies
  • | Membership Revoked | Joined Feb 2009 | 2,903 Posts
One line wisdom dropper from our dear mentor feb… too hot to handel

(I know them by heart..)



*I am loud… I am opinionated… I preach/think out the box... if you dislike or outraged ... well, just like every other negative thing in my life, I don’t give a fuck... thx.
(BAMMMMMMMMM… gotta appreciate that honesty... love it... fxa)

* IF and Then..

*Entries are just a TEST, to see if that swing will develop or not..

*Price is like a moving sand, your best chance is to move and dance around with it..

*Let me guarantee this for you... YOU WILL LOSE in the business…

*I traded my hit ratio for my bottom-line many moons ago...

*Indicators!!! Be my guest!!... knock yourself out…

*Predictions!!! Get the fuck atta here… (in brooklynish accent, lol)

*Round numbers!!! That’s for P beepppppp…

*Train those NAKED eyes…

*Two reasons why i am in this business still..
1) my expectancy
2) Risk management.

*Expectancy is the only thing that will keep your head above the water..

*Do me a favor... Stick to one thing and become the master of it…

*Stats!! forget it, leave that to analysts.. your a Trader.

*Quit!!!... hah... forget it... this thing is in your blood already.. I lost count on how many times I intended to quit... let’s face it, your an addict, we all are.

*Capitol Preservation...

*Peace and good Karma…

*Hey fx… you’re so full of shit.. lol..



God bless his heart.. Thank you feb.
 
 
  • Post #14,988
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  • Feb 3, 2010 7:21pm Feb 3, 2010 7:21pm
  •  fxachilies
  • | Membership Revoked | Joined Feb 2009 | 2,903 Posts
Dear Feb,
Words are not worthy enough to thank you for what you have given to my trading career. Your pure honest and down to earth style of teachings, not only has made a large impact on my trading career but also as a life wisdom and I appreciate it for rest of my life. I owe a great deal to you and it’s my greatest wish to meet up with you soon to celebrate, eat, laugh, dance, drink and party our way down till dawn like many times we talked about.
I have not seen or hear of you lately… my emotions are high as I am typing this because I miss you dearly. Trading without you being around is just not the same for me. I am certain in my heart that you are well and happy doing great things, my prayers are with you in regards to your health at all times. I hope you’re taking care of yourself and I wish the best of world can offer to you my Mentor, Friend, and Brother.
With respect,
fx.
 
 
  • Post #14,989
  • Quote
  • Feb 3, 2010 7:29pm Feb 3, 2010 7:29pm
  •  FOURX
  • | Joined Feb 2007 | Status: Member | 1,476 Posts


Congratulations and thanks feb and especially fx, for carrying this thread
 
 
  • Post #14,990
  • Quote
  • Edited at 11:57pm Feb 3, 2010 7:44pm | Edited at 11:57pm
  •  Bakuli
  • | Joined Jul 2007 | Status: Learner | 1,363 Posts

This post is dedicated to our great mentor Feb as an important milestone is reached in this great thread, the 1000th page !!!
We thank you from the bottom of our hearts for all your teachings, not just about trading but also about giving unselfishly, such a rare but desirable human quality.
I am eternally grateful for the change your teachings have brought to my life. I am now beginning to see the light for when once it was dark, very dark indeed. You brought a simplicity to my trading which I never thought possible and will stay with me forever.
Brother Feb, wherever you are, we wish you the very best of health, blue skies and everything nice!!!
Good Karma to you Brother Feb.
 
 
  • Post #14,991
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  • Feb 3, 2010 8:17pm Feb 3, 2010 8:17pm
  •  coronajazz
  • | Joined Mar 2009 | Status: Rocky da Jazz | 499 Posts
Dear Feb!

I want to show my deepest respect and appreciation for the way you taught me to look at the market, and all these things you brought into my trading:

- accepting losing as part of my plan
- bad MF attitude (no prisoners)
- way to treat entries
- no second guessing
- market cycles
- spreading the load

This list can go on forever.

But when I think about what part of it you have influenced and affect me the most. I could say it must be the DISCIPLINE.
Every time a chop monster threatens, and I pay my dues, several times in a row, I hear my devil inside talking "f""k it, lets try some other "system"". But then I say "Ok, but what would FEB say about it". Every time EURO is not moving I hear " lets go and trade something else", but then I respond "FEB said it would be days like this". After a winning streak, I go "OK lets push this position size to the max now and kill this MF", but oops there`s FEB saying
I dont know why, maybe I feel this responsibility, because you ve put all this hard work for all of us for free, so we dont just go ahead and blow it by being a smart ass. I have to listen to you.

I cant tell you how many times you kept me on the right track, and my deepest admiration and thank you`s goes to you sir, for being my inner voice.

Take care and be well!!!

Coronajazz!
You wont survive without preserving!!!
 
 
  • Post #14,992
  • Quote
  • Feb 3, 2010 9:23pm Feb 3, 2010 9:23pm
  •  drob
  • | Joined Nov 2009 | Status: Member | 45 Posts
Feb,
One of the hardest things in this business is to wade through all the crap and hype of the salesmen out there. I cannot believe my good fortune to have stumbled across your thread. It and you have changed my life forever.(and probably saved my marriage )
We all wish you long life and peace in that long life.
Good Karma to you from us.
d
 
 
  • Post #14,993
  • Quote
  • Feb 4, 2010 12:06am Feb 4, 2010 12:06am
  •  bubola
  • | Joined Jan 2010 | Status: ad maiora | 649 Posts
hello feb, thank you for sharing your experience and wisdom with all of us. i'm only a beginner, but i have already gotten so much benefit from your teachings. the wonderful irony of it all is that the "system" that system is not, is such a solid and sound framework that it has evolved into an articulated plan. we all thank you and wish you wonderful and healthy years ahead.
 
 
  • Post #14,994
  • Quote
  • Edited at 1:35am Feb 4, 2010 1:07am | Edited at 1:35am
  •  dim4ik42
  • Joined Apr 2008 | Status: Member | 1,270 Posts

Dear Feb2865!



I want to say You - THANK YOU! - from my heart! My THANK YOU is not ehough to tell You what I really feel in my heart to You.....

You are the MAN who did change my whole life!!!! You did give us Your great wisdom, and Your brotherly hand to help people.

Now, I have totally other life than I had before I met You.
I know that only with words I canot explain You how thanksful to You I am.

But - every minute, every hour, every day, every month, every year I will remember that MAN, who did help me in time when I mostly did need help. In my prays I always remember You, as my friend, as my brother, as the member of my family. I wish God will hear always my prays about You, and You will be always happy, healthy and succesful!

Than You, dear Feb!

Danke shön, Feb!

Спасибо огромное, Феб!

Велике дякую, Феб!




Your everlasting friend and brother - Dmitrij.


 
 
  • Post #14,995
  • Quote
  • Feb 4, 2010 1:31am Feb 4, 2010 1:31am
  •  fabrixio
  • | Joined Jan 2009 | Status: Member | 17 Posts
Dear Feb
thank you again for letting us share your experience and wisdom.
Above all, thank you for the privilege that we had to know a great man.
Wish you the best
 
 
  • Post #14,996
  • Quote
  • Feb 4, 2010 1:42am Feb 4, 2010 1:42am
  •  BraFX
  • | Joined Jan 2010 | Status: Member | 6 Posts
Dear Feb,
Thank you so much for starting this excellent thread and sharing your years of trading experience and your simple breakout entry with management method to complement the entry as well.

Although I am not yet live trading, thanks to You I -
realised that simple is best
have removed technical indicators from my intra - day trading plan
now have a understanding about expectancy
am learning to think differently about losses and R/R ratio
position size, trade and money management are critical to success
learning to keep testing with confidence
as well as so much more

I am so pleased to have found this thread.

Wishing you peace and good health

Thanks Again

Regards
BraFX
 
 
  • Post #14,997
  • Quote
  • Feb 4, 2010 1:43am Feb 4, 2010 1:43am
  •  MJurban
  • Joined Apr 2006 | Status: Member | 814 Posts
Thank u Feb for rescuing me from the indicator crap and for opening my eyes to better trading.
Most important parts for me i ve learnt from u :
expectancy
if .... then
accepting the loss, no wining without loosing
the entry into a trade is only a test of he market , bail out if it fails with no emotion at all


i hope yure Ok , i wish all th Best
 
 
  • Post #14,998
  • Quote
  • Feb 4, 2010 1:53am Feb 4, 2010 1:53am
  •  elizo
  • | Joined Mar 2009 | Status: I predict I can't predict | 498 Posts
Thanks so much, FEB, for all that you have given us. It's not about the money, it's not about the profits, but it's the respect I show to the Master, the same I had at school towards the Teacher. The most important post of this 1000 pages thread is the first one, the one that you wrote to open this amazing story. So many jewels there.

You changed my approach to financial markets even after years of being professionally linked to them. You made me understand what good Karma is, and not only in words. And your superb manners always treated us like being at home. I never thought I would feel like this in a forum in internet.

A true man that will leave a legacy largest than what nobody could imagine in a place like Forex Factory.

Thanks, FEB. Your work has reached 1,000 pages. Be proud of it.
 
 
  • Post #14,999
  • Quote
  • Feb 4, 2010 2:25am Feb 4, 2010 2:25am
  •  narberth
  • | Joined Jul 2009 | Status: Member | 165 Posts
Feb
What you have done with this thread is to reach into peoples lives and make a difference it has not just been about trading but about giving and sharing.

Thank you

Peace
Dance with the market .. I have two left feet
 
 
  • Post #15,000
  • Quote
  • Feb 4, 2010 2:31am Feb 4, 2010 2:31am
  •  heronlake7
  • | Joined Dec 2009 | Status: Member | 93 Posts
Dear Feb,

Simplicity isn't a simple thing.
You have given us a simple, straighforward approach to trading with clearcut rules. The difficulty lies in having the discipline to stick to the rules.
So, besides the "system" you have given us your wise guidelines from years of experience on how to apply the rules and cope with our emotions.
I have a deep respect for you as a person. You have given more to us than anyone could have expected. Moreover, you have done so disregarding your personal situation and with no other objective than to make your followers better traders.
May good karma be with you for many years to come.
 
 
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