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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)

  • #1,621
  • Apr 30, 2009 11:30am Apr 30, 2009 11:30am
Ok guys, I have posted my chart for the day with all my trades starting London session, not all days are like this obviously, you have seen some days I end up with little pips on my daily bottom line but surely my losses are never more than winning days, for the last two months the worst day I have had has been no more than -45pips. this is just to show, that you will have days like this when you end up with 188pips, half of my trades were live with you guys, so you know it is very much possible. do not worry about days that you make very little or endup in negative. this type of days happens often when you start to get hang of things and when it does it will wipe out your small losses and postives your bottomline big time.

so the purpose of this post is not to show off but to make you guys belivers and boost your confidence, If i can do it so can you, If you religously trade this way you will be successfull.

I be Trading live tomorrow starting early couple of hours before london open and on, join me we may have another awsome day like today.

Good luck all.

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  • #1,622
  • Apr 30, 2009 12:37pm Apr 30, 2009 12:37pm
Quoting fxachilies
Ok guys, I have posted my chart for the day with all my trades starting London session, not all days are like this obviously,...
Nice trading fxachilies. I should be around tomorrow so I'll try and contribute.
  • #1,623
  • Apr 30, 2009 12:57pm Apr 30, 2009 12:57pm
Hey fxachilies can you post that indicator which shows all the different traiding sessions.
I tried to find it by search but no luck.
  • #1,624
  • Apr 30, 2009 2:28pm Apr 30, 2009 2:28pm
Quoting tane11
Hey fxachilies can you post that indicator which shows all the different traiding sessions.
I tried to find it by search but no luck.

try this one
Attached File(s)
File Type: mq4 Trading Session vLines.mq4   10 KB | 907 downloads
Peace
  • #1,625
  • Apr 30, 2009 3:23pm Apr 30, 2009 3:23pm
Or this one... happy to see u feb...
Attached File(s)
File Type: ex4 Market_Open_Lines.ex4   3 KB | 443 downloads
  • #1,626
  • May 1, 2009 1:13am May 1, 2009 1:13am
g/u setup

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  • #1,627
  • May 1, 2009 1:36am May 1, 2009 1:36am
Quoting fxachilies
g/u setup

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Hi! I did stop this set up with -3 pips... When it was + 11 for me I did trail my stop to -3... Then the market hit it (-3 SL)...
  • #1,628
  • May 1, 2009 1:46am May 1, 2009 1:46am
I bank +15 pips in this setup
  • #1,629
  • May 1, 2009 1:59am May 1, 2009 1:59am
Guys,
when we are trading and using expectancy but at the same time we want to keep the 20/20 (20sl/20tp) rule in back of our mind, feb says, dont make it a set in stone rule but keep it in your agenda. as you get the hang of the 5m chart and reading the market better it comes to you easier on when to bailout early and when to give it a little room to breath before it makes his move in your favor.
  • #1,630
  • May 1, 2009 3:38am May 1, 2009 3:38am
-13 pips on this trade, came back hard to take my stop. Should have taken a reentry, but I was away from the screen.
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  • #1,631
  • May 1, 2009 3:43am May 1, 2009 3:43am
This is a example of a period that you keep your head above the water with a simple trade mangment and If and Then story, 4 trades, 2 fakeouts the e/u one really a nasty one, but see how you could have got it all back. winning ratio is 50/50 but pips wise ahead of the game but more importantly, stayed in control of situation and played along with what market gave. Market shows it hands and you take advantage of it verses holding to a loser position and falling into Hope and wish factor.

Live experience.

hope it helps.


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  • #1,632
  • May 1, 2009 3:48am May 1, 2009 3:48am
Quoting hakga
-13 pips on this trade, came back hard to take my stop. Should have taken a reentry, but I was away from the screen.

I can apperciate your courage for pulling the trigger, but I just want to point out that to be a little more selective when it comes to qualifing a swing, you need to see a clear swing of definatly above 30pips perfrably 40pips, let the market show it hands.

Great job overall, keep it up.
  • #1,633
  • May 1, 2009 3:59am May 1, 2009 3:59am
I see a bus coming really strong as I am waiting for the pullback I don't see on so in order to not miss it... it is worth a test on the break of H/H.
These are the only and only time I do not wait for the PB.

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  • #1,634
  • May 1, 2009 3:59am May 1, 2009 3:59am
Quoting fxachilies
I can apperciate your courage for pulling the trigger, but I just want to point out that to be a little more selective when it comes to qualifing a swing, you need to see a clear swing of definatly above 30pips perfrably 40pips, let the market show it hands.

Great job overall, keep it up.
Thanks for the tip, fxachilies.

I recognised that it was an iffy set up, but I liked the big rejection/fake out. I was willing to take the risk, so I entered with a reduced load.
  • #1,635
  • May 1, 2009 4:09am May 1, 2009 4:09am
Quoting hakga
Thanks for the tip, fxachilies.

I recognised that it was an iffy set up, but I liked the big rejection/fake out. I was willing to take the risk, so I entered with a reduced load.

Beautifull, Just wanted to make sure you got the overall concept in back of your mind, otherwise perfectly done. nice job
  • #1,636
  • May 1, 2009 4:22am May 1, 2009 4:22am
Quoting fxachilies
Beautifull, Just wanted to make sure you got the overall concept in back of your mind, otherwise perfectly done. nice job
I'm slowly getting there, thanks for your help and advice.
  • #1,637
  • May 1, 2009 4:29am May 1, 2009 4:29am
Waiting for this setup to form, love the strong swing, lets see how the PB will shape up


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  • #1,638
  • May 1, 2009 4:33am May 1, 2009 4:33am
Quoting fxachilies
Waiting for this setup to form, love the strong swing, lets see how the PB will shape up


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Hi,

I am also watching this setup....waiting to go long once it break the top
May the pips be with me !!!
  • #1,639
  • May 1, 2009 4:37am May 1, 2009 4:37am
Quite a risky set up, so reduced load accordingly and finger over the panic button at all times. Worked out in the end for +25 pips.
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  • #1,640
  • May 1, 2009 5:04am May 1, 2009 5:04am
Quoting hakga
I'm slowly getting there, thanks for your help and advice.

What do you mean slowly, your doing awsome I can tell from your charts and comments, just belive that you are there already even if your not, with this mentality success will follow.

Guys,
I appligize for my overly enthusiasm and positivity I know i go over board sometimes, I guess i get that from my old tennis playing days, I played college ball and semi pro level, I had all the talent in the world and no shot in the book that i could not excute, but could not win in my early days, and did not start to have success until my belief level, positivity and confidence level start to kick higher. I have been trading forex for 3-years, blown a few big accounts, in the hole still as I am speaking to you, its only the last a few months that i am enjoying success, as I found this thread and analysided and stayed positive and dedicated myself to the concept of Feb's way of trading then my belief level gained then my confidence grown.

we got a good thing going on here, stick to your guns and believe.

Good luck.
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