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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)

  • #1,241
  • Apr 15, 2009 5:17am Apr 15, 2009 5:17am
I just exited my E/U trades for 17 pips profit. I gave myself a chance to get a runner didn't happen and now the price is stalling so it makes sense to bank what i can. Banking 17pips on a whole move that was only 32 pips it's pretty darn good. there is't anything scientfic or technical or set on stone rules based in my decision to get out at this point. its just simply makes sense. each situation is uniqe. Who says i can't get in again on top and guess what i have buy order setup on top.
keeping things simple.
  • #1,242
  • Apr 15, 2009 5:25am Apr 15, 2009 5:25am
Quoting myfx
Hi fxachilie,

When you enter a trade how many pips u target? This morning I managed to pocket +30 and +35 pips (two separate trades), then i entered into another trade and I lost all of my earning, may be because I waited too long on the trade.

-myFx-

I think my last two post answers your question coincidently (I was busy typeing did not see your post).
if is anything is unclear let me know. I need a cup of tee... lol

Just reall quick today i am +3 pips. it's not alot but it feels alot better than making 75 pips and losing it all back from phsycological stand point, does it make sense?

Good trading to all.
  • #1,243
  • Apr 15, 2009 5:34am Apr 15, 2009 5:34am
Quoting fxachilies
I think my last two post answers your question coincidently (I was busy typeing did not see your post).
if is anything is unclear let me know. I need a cup of tee... lol

Just reall quick today i am +3 pips. it's not alot but it feels alot better than making 75 pips and losing it all back from phsycological stand point, does it make sense?

Good trading to all.

thank you man...I got the point..I just managed to pocket +38 pips on EU.

-myFx-
-happyTrading-myFx.
  • #1,244
  • Apr 15, 2009 5:35am Apr 15, 2009 5:35am
Maybe its looking good. G/U is doing it beautifully.
who says runners dont come around often, this week its been great so far.
http://static.forexfactory.com/forex...attach/gif.gif
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  • #1,245
  • Apr 15, 2009 5:38am Apr 15, 2009 5:38am
Quoting myfx
thank you man...I got the point..I just managed to pocket +38 pips on EU.

-myFx-

Good job keep it up my friend.
  • #1,246
  • Apr 15, 2009 5:42am Apr 15, 2009 5:42am
http://static.forexfactory.com/forex...attach/gif.gif
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  • #1,247
  • Apr 15, 2009 5:57am Apr 15, 2009 5:57am
I am looking at another very good set-up on GC....will step in any time.

-myFx-
-happyTrading-myFx.
  • #1,248
  • Apr 15, 2009 6:23am Apr 15, 2009 6:23am
I would love to see a nice pullback on E/U, bcz swing looks solid, just need a solid pullback to go along with it, then it would be a nice setup
  • #1,249
  • Apr 15, 2009 6:24am Apr 15, 2009 6:24am
Quoting myfx
I am looking at another very good set-up on GC....will step in any time.

-myFx-

pocketed few (+12) quick pips with GC.

-myFx-
-happyTrading-myFx.
  • #1,250
  • Apr 15, 2009 6:38am Apr 15, 2009 6:38am
Nice job.
Just be carefull with spiky markets.
We only trade the EU and sometimes I trade the GU, volitility is more controld with EU not much none sense spikes.
  • #1,251
  • Apr 15, 2009 6:45am Apr 15, 2009 6:45am
Quoting fxachilies
Nice job.
Just be carefull with spiky markets.
We only trade the EU and sometimes I trade the GU, volitility is more controld with EU not much none sense spikes.

True man...thanks for reminding again...I keep very tight SL with other pairs.

-myFx-
-happyTrading-myFx.
  • #1,252
  • Apr 15, 2009 6:58am Apr 15, 2009 6:58am
Can we trade E/U after so strong move down (110 pips)??? Or it is very risky now???
  • #1,253
  • Apr 15, 2009 7:08am Apr 15, 2009 7:08am
Quoting dim4ik42
Can we trade E/U after so strong move down (110 pips)??? Or it is very risky now???

nobody knows what will happen next it might continue for anoter zillion pips, all you can do my friend is to test it. I wanted to do it mid way once it broke the level but didn't, it would have worked out great but i need to see a pullback or atleast a glimer of it, this damn thing did not give us anything at all to get on the ride.
  • #1,254
  • Apr 15, 2009 7:16am Apr 15, 2009 7:16am
I took this one on G/U, don't like the pullback as much.
http://www.forexfactory.com/images/attach/gif.gif
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  • #1,255
  • Apr 15, 2009 7:19am Apr 15, 2009 7:19am
Hullo traders, what a drop on EU.... it is news in 15 min as well.
  • #1,256
  • Apr 15, 2009 7:46am Apr 15, 2009 7:46am
I think 1.3155 is a good support point .... but news might contaminate the swing back up .... would not opt to trade for a while now ... might be spiky. I am looking vigorously for a swing up now .... lower than the previous one to put on a pending order for it to go down further .... but thats my wish ... LOL! Impact of the news is estimated to be high ...... so might be seeing a good time of ranging market as well ...... lets see!!!
  • #1,257
  • Apr 15, 2009 11:08am Apr 15, 2009 11:08am
long for retracement or short for breakout
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  • #1,258
  • Apr 15, 2009 8:07pm Apr 15, 2009 8:07pm
Fxachilies and others,

I want to express my gratitude to Fxachilies and others for keeping this thread alive while our mentor recovers from his illness. Your charts and explanations are truly an extension of what we have learned from Feb. I am only trading the NY early session once or twice a week due to my work commitments but I will try to contribute as much as possible. Feb, get well soon.
Unus pro omnibus, omnes pro uno
  • #1,259
  • Apr 15, 2009 10:57pm Apr 15, 2009 10:57pm
Hi guys,

Comments anyone ?

Attached is the chart on EURUSD M5 chart.
Attached Image (click to enlarge)
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May the pips be with me !!!
  • #1,260
  • Apr 16, 2009 1:25am Apr 16, 2009 1:25am
Quoting ahlude
Hi guys,

Comments anyone ?

Attached is the chart on EURUSD M5 chart.
Your setup is correct.
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