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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)

  • #1,181
  • Apr 13, 2009 2:38am Apr 13, 2009 2:38am
Quoting dim4ik42
Hi fxachikies! I really need your answer.

today, when you bought eur/usd did you add 3 pips to ASK? On my chart I had HI of candle - 1,3202, so I did add 4 pips spred(ask- 1,3206) , and 3 pips for entry - and I had my entry price 1,3209.

Did I this right? Please, give me your opinion. Is there a mistake there? And excuse me my english. :-)


Good trading to all.
You did everything fine, I go 3 pips plus spread. The reason mine is two pips lower than yours is bcz my spread is only two pips on E/U and yours is 4.
and your english is fine my friend.
  • #1,182
  • Apr 13, 2009 2:48am Apr 13, 2009 2:48am
I am long on EU, so far +7 pips...hope it will go up more.
-happyTrading-myFx.
  • #1,183
  • Apr 13, 2009 2:51am Apr 13, 2009 2:51am
Quoting fxachilies
You did everything fine, I go 3 pips plus spread. The reason mine is two pips lower than yours is bcz my spread is only two pips on E/U and yours is 4.
and your english is fine my friend.

Thank you very-very much, fxachilies! Now everything is clear for me for today. Maybe tomorrow I'll have another question :-) I got today +2 pips!


To have a good day!
  • #1,184
  • Apr 13, 2009 3:54am Apr 13, 2009 3:54am
closed EU with +16 pips.

-myfx-
-happyTrading-myFx.
  • #1,185
  • Apr 13, 2009 4:39am Apr 13, 2009 4:39am
Possible setups on G/U with shallow pullback.
http://www.forexfactory.com/images/attach/gif.gif
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  • #1,186
  • Apr 13, 2009 4:55am Apr 13, 2009 4:55am
Quote
And Dave, this is my humble advise to you and I hope I am not introding, my friend, get ride of ALL and I mean ALL your indicators, if you have not done so already, they only predict the past. It will help you to train your eyes to read the market naked. I only say that because i remember you from reading the treads when i joined sometime ago that howmuch you were attached to your indicators, to follow this system or most any PA systems you need to trade naked so there is no second guessing involved. I got this very same advise from Feb and it has...

You mean it's Byebye bollinger bands? Move on MACD? Adios, ADX? Farewell fractals? How can I make it without my loyal friends?

fxachilies, I agree with what you are saying. Thank you very much for your explanation. It makes a lot of sense and I'm sure with enough screen time it will start to come together for me. I will go back and try again and hopefully it will work out better this time. (Although it may be rough going for awhile without my "buddies" I mentioned.)
  • #1,187
  • Apr 13, 2009 4:56am Apr 13, 2009 4:56am
Possible setup on E/U, I just don't like that long taile, thats why i have not set my order yet but it worth the try.
by the way i just hit my tp on G/U for 25 pip.
http://www.forexfactory.com/images/attach/gif.gif
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  • #1,188
  • Apr 13, 2009 4:58am Apr 13, 2009 4:58am
Quoting fxachilies
Possible setups on G/U with shallow pullback.
http://www.forexfactory.com/images/attach/gif.gif
It was a strong move. But I have not seen two candles pullback and had not trade this cross.
  • #1,189
  • Apr 13, 2009 5:10am Apr 13, 2009 5:10am
Quoting PistolDave
You mean it's Byebye bollinger bands? Move on MACD? Adios, ADX? Farewell fractals? How can I make it without my loyal friends?

fxachilies, I agree with what you are saying. Thank you very much for your explanation. It makes a lot of sense and I'm sure with enough screen time it will start to come together for me. I will go back and try again and hopefully it will work out better this time. (Although it may be rough going for awhile without my "buddies" I mentioned.)
LoL, glad to hear you say your back and giving it a go.
  • #1,190
  • Apr 13, 2009 5:21am Apr 13, 2009 5:21am
Quoting dim4ik42
It was a strong move. But I have not seen two candles pullback and had not trade this cross.
Dim,
Remember there are not any set in stone rules, shallow pullbacks normally occures after a strong move, it is just a hickup and an opportunity for you to get on the bus, again for me every trade is just basically testing the water I may catch a river or i may get a swamp, but at least i wont be sitting and regret of not trying.
nice job with the earlier trade, keep it up.
  • #1,191
  • Apr 13, 2009 5:54am Apr 13, 2009 5:54am
On E/U we have a nice strong qualifed up swing lets see how the pullback will shape up.
  • #1,192
  • Apr 13, 2009 6:12am Apr 13, 2009 6:12am
E/U setup
http://www.forexfactory.com/images/attach/gif.gif
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  • #1,193
  • Apr 13, 2009 7:59am Apr 13, 2009 7:59am
Hi guys,
I hope everyone made money with this runner, thats what this system is all about, awsome day no fake outs only tp's and one solid runner. You can only join the party if you keep testing the market and not to worry if you fall into couple of fake outs.
asked for me i have had banked 45 pips before the runner and now up for 70+ pips and still running, all my trades were live with you guys.
The purpose of this post is to make you guys beliver and gaine confidence.

Good trading to all.
  • #1,194
  • Apr 13, 2009 8:39am Apr 13, 2009 8:39am
Quoting fxachilies
Hi guys,
I hope everyone made money with this runner, thats what this system is all about, awsome day no fake outs only tp's and one solid runner. You can only join the party if you keep testing the market and not to worry if you fall into couple of fake outs.
asked for me i have had banked 45 pips before the runner and now up for 70+ pips and still running, all my trades were live with you guys.
The purpose of this post is to make you guys beliver and gaine confidence.

Good trading to all.


Сongratulations!!!!!!!
  • #1,195
  • Apr 13, 2009 9:04am Apr 13, 2009 9:04am
possible setups on E/U, depending on how the pullback shapes up
  • #1,196
  • Apr 13, 2009 9:22am Apr 13, 2009 9:22am
Quoting fxachilies
possible setups on E/U, depending on how the pullback shapes up

Pullback is way to long over 60% no trade setups, looks like we are in a chopp monster. Now, looking for a whole new swing setups.
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  • #1,197
  • Apr 13, 2009 9:24am Apr 13, 2009 9:24am
fx do u think this setup is valiid?coz the swing is about 80 pips,might not go to high,i think..but if broke i will go long
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  • #1,198
  • Apr 13, 2009 10:04am Apr 13, 2009 10:04am
Quoting bexterlone
fx do u think this setup is valiid?coz the swing is about 80 pips,might not go to high,i think..but if broke i will go long
I would trade that one of the most recent clear swing. I personaly wont trade of that 80 point runner, specially with a slow running pullback.
good job anyhow it is working

http://www.forexfactory.com/images/attach/gif.gif
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  • #1,199
  • Apr 13, 2009 11:20am Apr 13, 2009 11:20am
Hi FxAchilies,


Could you elaborate on your money management approch?

By exemple if you have a loss in a trade do you modifie the weight on the next trade?

Do you used like Feb the trailing Stop?

Thanks for your answer.
  • #1,200
  • Apr 13, 2009 11:41am Apr 13, 2009 11:41am
thanks a lot 4 ur comments fx...appreaciate it
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