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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)

  • #381
  • Apr 22, 2008 5:21am Apr 22, 2008 5:21am
Quoting ChowClown
...it's been a good morning so far across GU, EU and UCHF...i'm currently eyeing a short on EU (5min), if the last swing low breaks.

you mean this?...
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  • #382
  • Apr 22, 2008 5:32am Apr 22, 2008 5:32am
yes, that's the one....of course the prevailing 5min trend is long, so caution required....i'll trade what i see and take whichever way it breaks from here.
  • #383
  • Apr 22, 2008 5:43am Apr 22, 2008 5:43am
Hello,

Good morning from the eastern coast of the U.S..... keeping my eyes on the e/u and the g/u...just two pairs which helps me stay focused and not overtrade. Looking at our charts I forgot to mention before that we may show different formations of candles/bars due to the timezone of our brokers. Mine is IBfx and they are in the GMT timezone some of you may be in a GMT(+/-).

Good luck today
Unus pro omnibus, omnes pro uno
  • #384
  • Apr 22, 2008 5:45am Apr 22, 2008 5:45am
Morning Moneda ...GU and EU on watch my side too. All the best today.
  • #385
  • Apr 22, 2008 5:52am Apr 22, 2008 5:52am
...i find a quick check on eur/gbp helps determine which horse to back in this instance, when on the 5min both gbpusd and eurusd are trending in the same direction.
  • #386
  • Apr 22, 2008 6:18am Apr 22, 2008 6:18am
Quoting ChowClown
...i find a quick check on eur/gbp helps determine which horse to back in this instance, when on the 5min both gbpusd and eurusd are trending in the same direction.


Chow,


Nice tip....thanks
Unus pro omnibus, omnes pro uno
  • #387
  • Apr 22, 2008 6:43am Apr 22, 2008 6:43am
Quoting G33maroon
Feb, the trade has been a loser like you have said. think the market retrace somewhere near the london close. anyway, i saw several people following you doing this. so care to explain why & what this post for?

regards.

p/s:not to doubt your credibility, its a honest question out of curiousity.
1)Because I wanted to demonstrate that you need to be prepared for losers like this, therefore the importance of trailing stops, either in the worst case scenario like this one.

2) The reason why I prefer to trade the first swing of the session.

3) The importance of losing as why you must make it part of your business. thus how to deal with it.

You'll find thousands of strategies "systems" etc on the net....many of them free. If you look closely, most of them are giving you a framework but leaving you vulnerable of losing. When someone has a loser, they start "cruvin fittin" which is nothing more than adding and subtracting indicators, timeframes, I mean..you name it...to avoid losing

Losing in this business can't be avoided.....

I want to be different. I want for you guys to stick to your guns even if you lose. Stop looking for alternatives and add-on's. Be disciplined, stick to your money management and when you have a loser like this, close your charts and have a life...there's always tomorrow and the markets aren't going anywhere
Peace
  • #388
  • Apr 22, 2008 6:50am Apr 22, 2008 6:50am
Well said

You have my admiration Sir.

Thank you. Your thread is a must. I hope everybody can see it.

Peace for all

PS. This is not scalping, this is trading the market.
Ready for War
  • #389
  • Apr 22, 2008 6:53am Apr 22, 2008 6:53am
Just a trade i done few mins ago with the gbp/usd.

I took profit at +11 pips with my one dollar per pip account and another +25 pips for my one cent per pip account. (My spread is 5 for the gbp. )

Btw, i saw another formation as of now for the gbp.

First pic is the trade won and second is the possible formation.

Any comments are appreciated with these two trades.
THanks!
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  • #390
  • Apr 22, 2008 7:02am Apr 22, 2008 7:02am
I am watching the same formation on cable

let's see what happens
Peace
  • #391
  • Apr 22, 2008 7:03am Apr 22, 2008 7:03am
Hello,


Waiting for my prey....
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Unus pro omnibus, omnes pro uno
  • #392
  • Apr 22, 2008 7:03am Apr 22, 2008 7:03am
Quoting Abilio
Well said

You have my admiration Sir.

Thank you. Your thread is a must. I hope everybody can see it.

Peace for all

PS. This is not scalping, this is trading the market.
Thank you Abilio
Peace
  • #393
  • Apr 22, 2008 7:06am Apr 22, 2008 7:06am
Be careful with cable

it's been trending up since early so the swing is not quite fresh!!!!

Trail the stop aggressively!!!

have no mercy!!!!LOL
Peace
  • #394
  • Apr 22, 2008 7:07am Apr 22, 2008 7:07am
Buy order placed on cable: 19920
S/L 20
T/P 20
The customer is always right!
  • #395
  • Apr 22, 2008 7:08am Apr 22, 2008 7:08am
how do you get the fib tool to give you just the 50% marker?

Quoting moneda
Hello,


Waiting for my prey....
  • #396
  • Apr 22, 2008 7:09am Apr 22, 2008 7:09am
existing home sales is @10:00 AM

be on the lookout for that anouncement
Peace
  • #397
  • Apr 22, 2008 7:13am Apr 22, 2008 7:13am
hi feb.

could you please put any comments on moneda post #391 and mine.

thanks in advance
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  • #398
  • Apr 22, 2008 7:15am Apr 22, 2008 7:15am
Quoting Pipfox
Buy order placed on cable: 19920
S/L 20
T/P 20
mine too

edit; got +22.1 pips
  • #399
  • Apr 22, 2008 7:15am Apr 22, 2008 7:15am
Quoting guess121
how do you get the fib tool to give you just the 50% marker?
Guess,

On your chart double click the fibo....right click it ....choose properties and add or delete your markers.


Hope this helps
Unus pro omnibus, omnes pro uno
  • #400
  • Apr 22, 2008 7:18am Apr 22, 2008 7:18am
Quoting sphinx
hi feb.

could you please put any comments on moneda post #391 and mine.

thanks in advance
I am so sorry sphinx. I don't know how to do that LOL

but looking at both charts you guys are well-positioned in my opinion


looking for a down move...sounds good
Peace
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