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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)

  • #1,341
  • Apr 20, 2009 4:30am Apr 20, 2009 4:30am
Quoting fxachilies
My first trade of the day, looks good so far. who is in this with me??

http://www.forexfactory.com/images/attach/gif.gif
Saw this setup but i didnt take it as i'm in GU trade. There's some resistance (yellow bar) from my chart.
Attached Image (click to enlarge)
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May the pips be with me !!!
  • #1,342
  • Apr 20, 2009 5:00am Apr 20, 2009 5:00am
Quoting ahlude
Saw this setup but i didnt take it as i'm in GU trade. There's some resistance (yellow bar) from my chart.

ahlude,
I don't pay attention to any of that stuff, hard res/sup, round numbers or speculation analysis etc.. it only leads me to second guessing which it will leads to missing the bus. remember we are trading 5min chart. I only look to spot, swings, pullbacks and then i pull the trigger, if the trade goes against me I use expectancy to exit and i do this as many times as opportunity is given.
  • #1,343
  • Apr 20, 2009 5:35am Apr 20, 2009 5:35am
New set up on G/U...
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  • #1,344
  • Apr 20, 2009 5:36am Apr 20, 2009 5:36am
Quoting fxachilies
ahlude,
I don't pay attention to any of that stuff, hard res/sup, round numbers or speculation analysis etc.. it only leads me to second guessing which it will leads to missing the bus. remember we are trading 5min chart. I only look to spot, swings, pullbacks and then i pull the trigger, if the trade goes against me I use expectancy to exit and i do this as many times as opportunity is given.

ok noted.
May the pips be with me !!!
  • #1,345
  • Apr 20, 2009 7:07am Apr 20, 2009 7:07am
Good morning,

Well, the eud/us has been in a range of around 40 pips for the last three hours... We need speed and force in a swing and at the moment we seem to be in a choppy situation. I have a buy order above the range but I am monitoring price action and that is my guide.


Good luck
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Unus pro omnibus, omnes pro uno
  • #1,346
  • Apr 20, 2009 8:10am Apr 20, 2009 8:10am
Hi Ming0168,

Here is the EA, I got it from this thread.

Good luck
Attached File(s)
File Type: ex4 Feb Helper EA v3.ex4   12 KB | 636 downloads
  • #1,347
  • Apr 20, 2009 9:30am Apr 20, 2009 9:30am
Quoting bpenbert
Hi Ming0168,

Here is the EA, I got it from this thread.

Good luck
Thanks much
  • #1,348
  • Apr 20, 2009 11:36am Apr 20, 2009 11:36am
Dear Fxahilies! I have a question. Can we usualy trade during a Speak of any members if we see a qualified set up? Like today we had FOMC Member Evans Speaks. So can we trade during it?

???

Thank you!
  • #1,349
  • Apr 20, 2009 12:18pm Apr 20, 2009 12:18pm
Dim,
The one's with high impact expected, i definatly stay away from trading, (like Berny and trichet), but over all its better to not trade during these times, be extra carefull if you do.
  • #1,350
  • Apr 20, 2009 12:41pm Apr 20, 2009 12:41pm
Quoting fxachilies
Dim,
The one's with high impact expected, i definatly stay away from trading, (like Berny and trichet), but over all its better to not trade during these times, be extra carefull if you do.
Thank you! Today I did it so. During NY session I did not trade. At first was CHOP MONSTER :-) , and then - Member Evans Speaks. But during London session I did make 31 pips on G/U. It was lucky day for me!

Thank you very-very much for your answer. And good trading to all!!!!!!!
  • #1,351
  • Apr 20, 2009 1:16pm Apr 20, 2009 1:16pm
Quoting dim4ik42
Thank you! Today I did it so. During NY session I did not trade. At first was CHOP MONSTER :-) , and then - Member Evans Speaks. But during London session I did make 31 pips on G/U. It was lucky day for me!

Thank you very-very much for your answer. And good trading to all!!!!!!!
Anytime my friend.
I am glad to see you doing great in your trading using feb's philosphy, keep it up and you be on your way to success.
I managed to get a bite of that G/U runner. If wasn't lazy getting out of bed could have got a lot more but I am very satisfy for what i end up with for the day.
  • #1,352
  • Apr 20, 2009 1:53pm Apr 20, 2009 1:53pm
Quick note guys,
on G/U we had a 200+ move in one direction which it makes our life a lot easier to get a bit of it if not alot, BUT on E/U it was a different day rather a tough one (atleast for me) , mostly ranging and directionless, the only runner was during news time which we should stay put.
if you lost some money on E/U dont be hard on yourself, with a little more trade expectency practise you will get better, If you end up losing a little bit of money or brokeven pad yourself on the back bcz it is a sign of improvment as a trader, add to your confidence, you took your shot at the market and did not let it to get the better of you, thats what trade expectancy does for you, you just told the market that YOU are in control of situation and not the other way around. and if you did make money consider yourself lucky, and thats fine too, luck is part of the game.
ask for me I tested the (E/U) four times today and end up -5 pips and I am more than satisfied, not too long ago I would lose plenty on such days.

This is only my humble observation I hope it helps.
  • #1,353
  • Apr 20, 2009 3:49pm Apr 20, 2009 3:49pm
fxachilies tank you, so much for keeping this place alive a like very much your teachings keep them coming please, the expectancy makes alot of sense...All the best to FEB.
  • #1,354
  • Apr 21, 2009 1:29am Apr 21, 2009 1:29am
I got this set up going on, lets see what happens.
http://www.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
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  • #1,355
  • Apr 21, 2009 1:37am Apr 21, 2009 1:37am
Quoting fxachilies
I got this set up going on, lets see what happens.
http://www.forexfactory.com/images/attach/gif.gif
I'm with you too... Wait for break.
  • #1,356
  • Apr 21, 2009 1:44am Apr 21, 2009 1:44am
Quoting dim4ik42
I'm with you too... Wait for break.

I was stoped with +2. Like Feb says if it gets down to 6, 5, 4 back...do me a favor and press the panic bottom.

I had +11... Then the market did revers back.

Did I right? Or not? I just follow Feb in his posts.
  • #1,357
  • Apr 21, 2009 1:50am Apr 21, 2009 1:50am
Now I am very sorry. The market goes down. Strong nice flow.
  • #1,358
  • Apr 21, 2009 1:53am Apr 21, 2009 1:53am
I take like a rule this words of Feb:

Although we're trailing that stop, if you see the market moving like 15+ pips in your favor and all of the sudden it gets down to 6, 5, 4 back...do me a favor and press the panic bottom...please??? Do this as many times as you see it happening and I promise you will get a runner very soon

don't let a winner turn into a loser....

don't "hope" that the market will turn back on your side......never do that.

You don't know what the market it's going to do next......


Please, Fxahilies, give me your opinion. Do I right?
  • #1,359
  • Apr 21, 2009 1:56am Apr 21, 2009 1:56am
just hit my tp for 22pips as I was away from my desk, if any of you are still in the trade stay with it, it does look good for further gain, sl should be around 4509
  • #1,360
  • Apr 21, 2009 1:58am Apr 21, 2009 1:58am
Quoting dim4ik42
I take like a rule this words of Feb:

Although we're trailing that stop, if you see the market moving like 15+ pips in your favor and all of the sudden it gets down to 6, 5, 4 back...do me a favor and press the panic bottom...please??? Do this as many times as you see it happening and I promise you will get a runner very soon

don't let a winner turn into a loser....

don't "hope" that the market will turn back on your side......never do that.

[color=red]You don't know what the market...

now your talking.... thats exactly what you should do.
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