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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 #14,721
  • Quote
  • Jan 28, 2010 11:46am Jan 28, 2010 11:46am
  •  bubola
  • | Joined Jan 2010 | Status: ad maiora | 649 Posts
Quoting Bakuli
Disliked
No worries Bubola, we'll all get there as we keep plugging at it and keep on practicing. I have made lots of mistakes over the past few weeks but each mistake is like another step in the right direction as long as we learn from it. As we practice our plays each day, with the guidance of Fxa, we start to build up this thing call intuition !
Ignored
ty for the encouragement, bakuli. don't worry, i keep on plugging till i get it right

my goodness, you are truly our trading machine
 
 
  • Post #14,722
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  • Jan 28, 2010 11:56am Jan 28, 2010 11:56am
  •  heronlake7
  • | Joined Dec 2009 | Status: Member | 93 Posts
Moved SL to 5 pips below LV
 
 
  • Post #14,723
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  • Jan 28, 2010 12:00pm Jan 28, 2010 12:00pm
  •  Bakuli
  • | Joined Jul 2007 | Status: Learner | 1,363 Posts
Quoting bubola
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ty for the encouragement, bakuli. don't worry, i keep on plugging till i get it right

my goodness, you are truly our trading machine
Ignored
Well, I am not going to be around as much as I have been lately from next week onwards for the next few months I have to return back to my non-trading work, so won't be able to trade the full London/NY sessions.
However I will still continue to practice what I have picked at every opportunity I get. I know it will be much harder not trading this fulltime but I will give it my best shot.
 
 
  • Post #14,724
  • Quote
  • Jan 28, 2010 12:03pm Jan 28, 2010 12:03pm
  •  heronlake7
  • | Joined Dec 2009 | Status: Member | 93 Posts
Out at -2 on the last bear candle
 
 
  • Post #14,725
  • Quote
  • Jan 28, 2010 12:13pm Jan 28, 2010 12:13pm
  •  Bakuli
  • | Joined Jul 2007 | Status: Learner | 1,363 Posts
Quoting heronlake7
Disliked
Out at -2 on the last bear candle
Ignored
Why? The LV at 3966 hasn't been tested yet. This could just be a normal retracement. Just my humble opinion.
 
 
  • Post #14,726
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  • Jan 28, 2010 12:15pm Jan 28, 2010 12:15pm
  •  Bakuli
  • | Joined Jul 2007 | Status: Learner | 1,363 Posts
Anyone else in this BB long ?
 
 
  • Post #14,727
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  • Jan 28, 2010 12:18pm Jan 28, 2010 12:18pm
  •  coronajazz
  • | Joined Mar 2009 | Status: Rocky da Jazz | 499 Posts
Quoting Bakuli
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Anyone else in this BB long ?
Ignored


1.3971

and I second your opinion about the level. Still have reasons for this trade.
You wont survive without preserving!!!
 
 
  • Post #14,728
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  • Jan 28, 2010 12:19pm Jan 28, 2010 12:19pm
  •  Bakuli
  • | Joined Jul 2007 | Status: Learner | 1,363 Posts
Going to move my SL to 3967 (3970) below the ? fcr forming now. Also sell stop in place.
 
 
  • Post #14,729
  • Quote
  • Jan 28, 2010 12:20pm Jan 28, 2010 12:20pm
  •  Bakuli
  • | Joined Jul 2007 | Status: Learner | 1,363 Posts
Quoting coronajazz
Disliked


1.3971

and I second your opinion about the level. Still have reasons for this trade.
Ignored
Great , nice to have company. Just be carefull we may have a fcr .
 
 
  • Post #14,730
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  • Jan 28, 2010 12:23pm Jan 28, 2010 12:23pm
  •  Bakuli
  • | Joined Jul 2007 | Status: Learner | 1,363 Posts
Not sure if you would consider that a fcr or is it one of my hallucinated ones, lol! I am taking it as one anyway.
 
 
  • Post #14,731
  • Quote
  • Jan 28, 2010 12:25pm Jan 28, 2010 12:25pm
  •  coronajazz
  • | Joined Mar 2009 | Status: Rocky da Jazz | 499 Posts
Quoting Bakuli
Disliked
Not sure if you would consider that a fcr or is it one of my hallucinated ones, lol! I am taking it as one anyway.
Ignored
I am not taking a short on this. But I will consider to get out if it brakes with some momentum.
You wont survive without preserving!!!
 
 
  • Post #14,732
  • Quote
  • Jan 28, 2010 12:26pm Jan 28, 2010 12:26pm
  •  Bakuli
  • | Joined Jul 2007 | Status: Learner | 1,363 Posts
Ok, I have joined the short side now.
 
 
  • Post #14,733
  • Quote
  • Jan 28, 2010 12:33pm Jan 28, 2010 12:33pm
  •  Bakuli
  • | Joined Jul 2007 | Status: Learner | 1,363 Posts
Jazz, are you still on the long side , mate?
 
 
  • Post #14,734
  • Quote
  • Jan 28, 2010 12:33pm Jan 28, 2010 12:33pm
  •  coronajazz
  • | Joined Mar 2009 | Status: Rocky da Jazz | 499 Posts
Still long.

I`ll get your a** Bakuli.



Just kiddin`. You are my favourite machine.


But its interesting situation though. FCR is there so short is valid, but LV is still holding so the long is valid too.
You wont survive without preserving!!!
 
 
  • Post #14,735
  • Quote
  • Jan 28, 2010 12:37pm Jan 28, 2010 12:37pm
  •  Bakuli
  • | Joined Jul 2007 | Status: Learner | 1,363 Posts
Quoting coronajazz
Disliked
Still long.

I`ll get your a** Bakuli.



Just kiddin`. You are my favourite machine.


But its interesting situation though. FCR is there so short is valid, but LV is still holding so the long is valid too.
Ignored
Yes, Dim was faced with a similar dilemma today. On that occasion I ignored the fcr but on this occasion I didn't. I can't really explain it but I am just going by my feel of the play. Not sure if it makes sense.
 
 
  • Post #14,736
  • Quote
  • Jan 28, 2010 12:37pm Jan 28, 2010 12:37pm
  •  coronajazz
  • | Joined Mar 2009 | Status: Rocky da Jazz | 499 Posts
OK . I am out now -8.

My hat is off to you my friend.
You wont survive without preserving!!!
 
 
  • Post #14,737
  • Quote
  • Jan 28, 2010 12:40pm Jan 28, 2010 12:40pm
  •  FOURX
  • | Joined Feb 2007 | Status: Member | 1,477 Posts
bending the rules, is not a plan
 
 
  • Post #14,738
  • Quote
  • Jan 28, 2010 12:45pm Jan 28, 2010 12:45pm
  •  Bakuli
  • | Joined Jul 2007 | Status: Learner | 1,363 Posts
Quoting FOURX
Disliked
bending the rules, is not a plan
Ignored
Sorry , will reply to your posrt a bit later. Am engaged in battle now!
 
 
  • Post #14,739
  • Quote
  • Jan 28, 2010 12:47pm Jan 28, 2010 12:47pm
  •  FOURX
  • | Joined Feb 2007 | Status: Member | 1,477 Posts
Quoting Bakuli
Disliked
Sorry , will reply to your posrt a bit later. Am engaged in battle now!
Ignored
 
 
  • Post #14,740
  • Quote
  • Jan 28, 2010 12:50pm Jan 28, 2010 12:50pm
  •  coronajazz
  • | Joined Mar 2009 | Status: Rocky da Jazz | 499 Posts
Quoting FOURX
Disliked
bending the rules, is not a plan
Ignored
I dont think anyone is bending the rules here. While the market is alive and playing it is very hard to see the shapes correctly (FCR or a part of retracement). That is why they call it "the hard right edge".It could of pierce through the LV only to shoot up and make a BAMM long.
You wont survive without preserving!!!
 
 
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