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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)

  • #341
  • Apr 21, 2008 8:53am Apr 21, 2008 8:53am
I am not into currencies today....

But I took a peek on EUR/USD seem like is slowly shifting to the downside... level to watch would be 1.5998
Peace
  • #342
  • Apr 21, 2008 8:59am Apr 21, 2008 8:59am
Quoting moneda
W,

The retrace imo started @ 8am est and ended @ 8:45. then it broke the downswing @9:35.

Let me know if you have a different perspective

hmm i have some problems with your 8am est time. i thought you live in italy or am i wrong?

i still dont have clue. sorry
  • #343
  • Apr 21, 2008 9:10am Apr 21, 2008 9:10am
could be this setup??
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Peace
  • #344
  • Apr 21, 2008 9:13am Apr 21, 2008 9:13am
Or this one??

hard to choose isn't??

what would you do???
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Peace
  • #345
  • Apr 21, 2008 9:18am Apr 21, 2008 9:18am
hi, i initially had your latter post on watch for EU longs - new to the thread though, so settling into it. The stair steps so far this session suggest long, but of course it could all turn in an instant south.

Edit: ...i have orders both ways atm.
  • #346
  • Apr 21, 2008 9:19am Apr 21, 2008 9:19am
can we do this???
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Peace
  • #347
  • Apr 21, 2008 9:20am Apr 21, 2008 9:20am
BRB
Peace
  • #348
  • Apr 21, 2008 9:35am Apr 21, 2008 9:35am
Hello,


I am out with my 20 pips!.... stuck with the 20/20 rule and it worked out this time!
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Unus pro omnibus, omnes pro uno
  • #349
  • Apr 21, 2008 9:48am Apr 21, 2008 9:48am
Quoting feb2865
can we do this???

Feb,

Good questions...if I had a bias either way I would choose, the one in post 344 because the upswing in the one hour is up and also the down movement seems to be weak....but if I disregarded this, then I will wait for either break like in post 345.

Unus pro omnibus, omnes pro uno
  • #350
  • Apr 21, 2008 9:51am Apr 21, 2008 9:51am
Quoting Wallboroff
hmm i have some problems with your 8am est time. i thought you live in italy or am i wrong?

i still dont have clue. sorry
W,

I live in the eastern part of the U.S(florida). Skyline is from Italia. Keep asking question because we may come up with something useful.
Unus pro omnibus, omnes pro uno
  • #351
  • Apr 21, 2008 9:58am Apr 21, 2008 9:58am
Hello,

Missed this retrace and continuation....busy posting: not to do if I was trading live.
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Unus pro omnibus, omnes pro uno
  • #352
  • Apr 21, 2008 9:59am Apr 21, 2008 9:59am
20/20 working out again short on GU. Stops nearly at b/e.
  • #353
  • Apr 21, 2008 10:32am Apr 21, 2008 10:32am
...caught the EU break down using 20/20...beginning to recoup some of my earlier losses (using another method) nicely now....thanks for rekindling my interest in the lower TFs.
  • #354
  • Apr 21, 2008 10:33am Apr 21, 2008 10:33am
+ 21 TICKS on the short side....finally the market took some direction

you have this feeling like a predator waiting for a prey

don't you agree??

simple...and effective

and I wasn't even thinking about currencies today LOL
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Peace
  • #355
  • Apr 21, 2008 10:35am Apr 21, 2008 10:35am
Quoting ChowClown
hi, i initially had your latter post on watch for EU longs - new to the thread though, so settling into it. The stair steps so far this session suggest long, but of course it could all turn in an instant south.

Edit: ...i have orders both ways atm.

excellent observation
Peace
  • #356
  • Apr 21, 2008 10:58am Apr 21, 2008 10:58am
Hi Feb and able traders,

Am a big fan of trading the break-out of swing123 at swing2. it rocks! it works and its reliable.

Just went through pg1-9 and 17 till end of this thread and while reading it, i made quick 20pips on GU and another one is running presently.

backtesting before the present trade, I notice three trades today and all a winner.

I use GannZigZag to spot 123swing and i trade it. I love this method and the selected time frame will no doubt increase its winning rate.

Good work feb and nice contributions from other wonderful traders.

wishing you the best.
  • #357
  • Apr 21, 2008 11:04am Apr 21, 2008 11:04am
Quoting Naijafx
Hi Feb and able traders,

Am a big fan of trading the break-out of swing123 at swing2. it rocks! it works and its reliable.

Just went through pg1-9 and 17 till end of this thread and while reading it, i made quick 20pips on GU and another one is running presently.

backtesting before the present trade, I notice three trades today and all a winner.

I use GannZigZag to spot 123swing and i trade it. I love this method and the selected time frame will no doubt increase its winning rate.

Good work feb and nice contributions from other wonderful traders.

wishing you the best.
Thanks

Once you get the hang of it....becomes boring, trust me
Peace
  • #358
  • Apr 21, 2008 11:24am Apr 21, 2008 11:24am
@moneda

i tried to make picture to let you know what i mean.
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  • #359
  • Apr 21, 2008 11:42am Apr 21, 2008 11:42am
Reality check here

Be aware there will be days that you will lose (please check post #1)

Remember.....in this business you WILL lose

This is the core of a trader...she/he (notice that I used "she" first) knows that losing periods is a part of this business.

That's why I insist on trailing stops. Whatever you choose..20/20 - 20/40 or ATR...you must cover your butt as soon as that trade goes in your favor.

Don't patronize.worship any kind of line you place on the charts. All markets moves in strange ways. Go with the flow. More than a system/strategy etc, you're beginning to learn how to read the markets.

You know what to do already
Peace
  • #360
  • Apr 21, 2008 11:48am Apr 21, 2008 11:48am
Quoting Wallboroff
@moneda

i tried to make picture to let you know what i mean.
Walboroff

I know moneda will tell you what he did

Just for you records. please leave 2-3 ticks distance on your limit order, form the last swing high . This is in order to avoid as much as possible, double tops and bottoms.

In that particular trade I assume with all respect to moneda, that his limit order didn't get hit so he pick the short side
Peace
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