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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)

  • #141
  • Apr 11, 2008 8:31am Apr 11, 2008 8:31am
Quoting feb2865
-47 and -96??

Please elaborate

Peace
I see from CME that there are two prices, one is 1.5787 and another is 1.5834 and the forward point is 47. I just guess the future price is lower.

Regards
  • #142
  • Apr 11, 2008 8:32am Apr 11, 2008 8:32am
I think I had FXCM charts once and I liked them very much

I am going to download them to see what's up

I don't know anything about the broker...but this is for you guys so we can be in tune with each other

Peace
Peace
  • #143
  • Apr 11, 2008 8:34am Apr 11, 2008 8:34am
Quoting pipal
I see from CME that there are two prices, one is 1.5787 and another is 1.5834 and the forward point is 47. I just guess the future price is lower.

Regards
you know I had no idea...that's probably it

anyway. I'll put on some spot charts so we can be together LOL

Peace
Peace
  • #144
  • Apr 11, 2008 8:58am Apr 11, 2008 8:58am
I use a spread betting account (from the UK). It has spot and two others; near quarter and far quarter. Apart from having respectively larger spreads, the price follows a similar pattern. It is not exact, but generally they are all within about 30 pips of eachother. Sound about right?
The customer is always right!
  • #145
  • Apr 11, 2008 9:06am Apr 11, 2008 9:06am
Quoting Pipfox
I use a spread betting account (from the UK). It has spot and two others; near quarter and far quarter. Apart from having respectively larger spreads, the price follows a similar pattern. It is not exact, but generally they are all within about 30 pips of eachother. Sound about right?
That's good to know

yeah I just downloaded marketscope from FXCM and the difference is not much. I can't save this charts on JPEG!!!!!!.

Guys , I guess I'll have to stick with my futures charts from now...but don't worry, the swings are close enough

Peace
Peace
  • #146
  • Apr 11, 2008 9:15am Apr 11, 2008 9:15am
today it's Friday... kinda slow day (normally right?)

this is an EUR/USD chart.. there's a pullback developing

I thing we're closing the week and I anticipate a very low and boring afternoon

Just for you guys to see a pullback forming


do you know where to place a stop order???

Peace
Attached Image (click to enlarge)
Click to Enlarge Name: current chart.jpg Size: 82 KB
Peace
  • #147
  • Apr 11, 2008 9:18am Apr 11, 2008 9:18am
Quoting feb2865
That's good to know

yeah I just downloaded marketscope from FXCM and the difference is not much. I can't save this charts on JPEG!!!!!!.

Guys , I guess I'll have to stick with my futures charts from now...but don't worry, the swings are close enough

Peace
Yeah. Don't bother, my friend. I think the swing and setup are basically the same. My question is just about if the futures price have any implications on spot price only. There is nothing wrong with your charts with futures price.

Many thanks.

pipal
  • #148
  • Apr 11, 2008 9:32am Apr 11, 2008 9:32am
Quoting feb2865

do you know where to place a stop order???

Peace
Stop sell @ 1.5735
  • #149
  • Apr 11, 2008 9:39am Apr 11, 2008 9:39am
Quoting feb2865
today it's Friday... kinda slow day (normally right?)

this is an EUR/USD chart.. there's a pullback developing

I thing we're closing the week and I anticipate a very low and boring afternoon

Just for you guys to see a pullback forming


do you know where to place a stop order???

Peace
here is the spot chart, entry 2 pips below zero line
for me, the stop loss 1,5820 is this not a bit to large to take?
Attached Image
  • #150
  • Apr 11, 2008 9:44am Apr 11, 2008 9:44am
Quoting MJurban
here is the spot chart, entry 2 pips below zero line
for me, the stop loss 1,5820 is this not a bit to large to take?
depends on how much your load is???
Peace
  • #151
  • Apr 11, 2008 9:45am Apr 11, 2008 9:45am
Quoting pipal
Stop sell @ 1.5735
I suggest 2-3 ticks lower to avoid a fake-out


good observation by the way

peace
Peace
  • #152
  • Apr 11, 2008 9:50am Apr 11, 2008 9:50am
Quoting MJurban
here is the spot chart, entry 2 pips below zero line
for me, the stop loss 1,5820 is this not a bit to large to take?
just remember...the "20" rule is not set in stone

check your risk to see if you should lower you load a lil'
Peace
  • #153
  • Apr 11, 2008 9:52am Apr 11, 2008 9:52am
Remember guys, you have plenty of time to decide how much load you're placing on a trade...or if you should ever consider to trade anyways
Peace
  • #154
  • Apr 11, 2008 9:54am Apr 11, 2008 9:54am
Quoting feb2865
I suggest 2-3 ticks lower to avoid a fake-out


good observation by the way

peace
Oops, I missed the price on the zero line (1.5736) but only looked at the figures on the right. My bad.
  • #155
  • Apr 11, 2008 9:57am Apr 11, 2008 9:57am
i took this one
small gain but the round numbers like 5800 in spot market its like a magnet
The yellow triangle is the short entry the green dot is the take profit.
The broker place this signs into the chart so you can see what you have traded
Attached Image
  • #156
  • Apr 11, 2008 9:57am Apr 11, 2008 9:57am
Quoting pipal
Oops, I missed the price on the zero line (1.5736) but only looked at the figures on the right. My bad.
That's fine

Anyway. I think the market is ready to go slumbers
Peace
  • #157
  • Apr 11, 2008 10:02am Apr 11, 2008 10:02am
Quoting MJurban
i took this one
small gain but the round numbers like 5800 in spot market its like a magnet
The yellow triangle is the short entry the green dot is the take profit.
The broker place this signs into the chart so you can see what you have traded

Remember this

You're trading on a Friday around 1:00PM EST. normally the market is getting asleep. That's a good trade but you must remember that once you're in a trade, that's pretty much it. You don't touch the limit/stop by no means whatsoever.

I am glad the concept is starting to click in you. Once you get it going, is very much like riddin' a bike.......once you learn how to do it becomes a habit!!!! a good one LOL
Peace
  • #158
  • Apr 11, 2008 10:17am Apr 11, 2008 10:17am
Feb,

A beatiful thread and a noble one . my hat is off. I wish i understand the simplicity of trading many years back so that i wont need to learn it the hard way.

best regards.
I am bored..
  • #159
  • Apr 11, 2008 10:22am Apr 11, 2008 10:22am
Quoting G33maroon
Feb,

A beatiful thread and a noble one . my hat is off. I wish i understand the simplicity of trading many years back so that i wont need to learn it the hard way.

best regards.
you're welcome my friend
Peace
  • #160
  • Apr 11, 2008 10:34am Apr 11, 2008 10:34am
nice weekend and thanks a lot, special to Feb for sharing his knowledges with us
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