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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)

  • #1,781
  • May 5, 2009 7:11am May 5, 2009 7:11am
Fxahilies!!!

A question.

Can it be a valid set up, when the market draws such figurs (swing is made of some other little swings)?
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  • #1,782
  • May 5, 2009 7:14am May 5, 2009 7:14am
Quoting fxachilies
ok guys my skype name is same as here fxachilies.
Are you from Tehran Iran????? or from US???
  • #1,783
  • May 5, 2009 7:20am May 5, 2009 7:20am
Hello guys,

If I may stick my opinion here about a chat room.... a good idea if you are looking for a sense of belonging or the feeling of a team approach but in reality for the most part it becomes a distraction to your trading. Feb has left us with a blueprint to follow. Most of your answers can be found in the thread. Treat this like a business...focus on price action and learn by self discovery. A chat room is a lot of fun. I have been involved in several but in the end you are alone with your decision making process. Fxachilies and others continue to provide great charts for your analysis and commentaries. This is a better way to learn after the fact. Anyway, enjoy the chatroom, I may visit it when I am not trading.

Good luck
Unus pro omnibus, omnes pro uno
  • #1,784
  • May 5, 2009 7:44am May 5, 2009 7:44am
I did it so...
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  • #1,785
  • May 5, 2009 8:08am May 5, 2009 8:08am
Quoting dim4ik42
I did it so...
Pull back a little deep for me, but worked out fine. Nice trade

I just got off g/u for +20 pips
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  • #1,786
  • May 5, 2009 8:33am May 5, 2009 8:33am
Quoting dim4ik42
Are you from Tehran Iran????? or from US???

I live in the states I am currently vactioning in my homeland Tehran.
  • #1,787
  • May 5, 2009 8:38am May 5, 2009 8:38am
Guys,
I am with moneda on this one, I was a little hesitant to begin with, I am not a big fan of chatrooms overall. I think it will be a major distraction to the thread we may lose toach with our mentor also.
so, I am out.
  • #1,788
  • May 5, 2009 8:43am May 5, 2009 8:43am
Quoting dim4ik42
Fxahilies!!!

A question.

Can it be a valid set up, when the market draws such figurs (swing is made of some other little swings)?
its worth a shot, but i do not trade that pair
  • #1,789
  • May 5, 2009 8:49am May 5, 2009 8:49am
Quoting fxachilies
its worth a shot, but i do not trade that pair

fxahilies!

I did take this pair like exemple. What I want to know it is Can I trade these set up's??? Or not? (I mean set up's which swings are made of a lot little swings and pullbacks).
  • #1,790
  • May 5, 2009 8:59am May 5, 2009 8:59am
Quoting dim4ik42
fxahilies!

I did take this pair like exemple. What I want to know it is Can I trade these set up's??? Or not? (I mean set up's which swings are made of a lot little swings and pullbacks).

as i said its worth taking a shot, nothing is for certain. personally, I do take them.
  • #1,791
  • Edited 10:04am May 5, 2009 9:15am | Edited 10:04am
Possible short setup on E/$.
Edit:
Short triggered as I was posting this.
Edit @ 11ET:
Closed for 20 pip profit. 36 pips for the day - Not bad for just one pair. Small steps do add up.
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  • #1,792
  • May 5, 2009 9:19am May 5, 2009 9:19am
Quoting denverdude
Possible short setup on E/$.
Edit:
Short triggered as I was posting this.
I'm with you!
  • #1,793
  • May 5, 2009 9:28am May 5, 2009 9:28am
Quoting dim4ik42
I'm with you!
I did exit with +17
  • #1,794
  • May 5, 2009 10:10am May 5, 2009 10:10am
Quoting moneda
Hello guys,

If I may stick my opinion here about a chat room.... a good idea if you are looking for a sense of belonging or the feeling of a team approach but in reality for the most part it becomes a distraction to your trading. Feb has left us with a blueprint to follow. Most of your answers can be found in the thread. Treat this like a business...

Good luck
Hi Moneda.I miss the old days in the trading room with Feb,Morton,reas,marcela,maroon etc.
It helped us a lot but as you say the emotional load was heavier especially when the order had triggered.
I just want to add especially for the new people here that play the 5min charts all day and all night that Feb is in this business very long time.
He can clearly see the 5min charts like most of you can see the weeklies.
The hours that he has spent in front of any kind of price has rewarded him with the skill to see the opportunity when the time comes.
IMHO his other system (4h)is much more suitable for new people in this business(so many things to learn about the markets in general).
Feb also insists on taking only the first breakout of the NY session(i had good success with the London breakout too) and after three strikes he is out.
P.S.:I remember what happened when he mentioned the ammount of daily loss that his stomach can handle
Happy trading to all
  • #1,795
  • May 5, 2009 10:10am May 5, 2009 10:10am
I hope everyone took advantage of this beautiful ride on NY session, now I am looking the other way, I think up swing is in the making, lets see what happens.
  • #1,796
  • May 5, 2009 10:32am May 5, 2009 10:32am
Quoting fxachilies
I hope everyone took advantage of this beautiful ride on NY session, now I am looking the other way, I think up swing is in the making, lets see what happens.
FX:

do you have a chart? Long cable around 1.5100? Thanks,

- Ming
  • #1,797
  • May 5, 2009 1:47pm May 5, 2009 1:47pm
Quoting panos69
Hi Moneda.I miss the old days in the trading room with Feb,Morton,reas,marcela,maroon etc.
It helped us a lot but as you say the emotional load was heavier especially when the order had triggered.
I just want to add especially for the new people here that play the 5min charts all day and all night that Feb is in this business very long time.
He can clearly see the 5min charts like most of you can see the weeklies.
The hours that he has spent in front of any kind of price has rewarded him with the skill to see the opportunity when the time comes.
IMHO...
Hey Panos,

Great to hear from you! Yes, indeed we had a great time with the gang. You made some good points here. I am still in the mix and continue trading naked . Fxachilies is doing a great job of keeping this thread alive and focused. Hopefully Feb will get stronger and healthier.

Best wishes,
Unus pro omnibus, omnes pro uno
  • #1,798
  • May 5, 2009 3:27pm May 5, 2009 3:27pm
Hi Traders,
Below is my chart for the day. Today market was kind and gave us bundled of opportunities. Mid London session got a little rough (I myslef took back to back losses.. heh.. big deal) but with composure incheck and a bit of patience, NY session came around for us and worked out nicely. Todays success is granted to thouse that were the action man, dancing man, the trigger man, the fearless man... the one that were there to take advantage of every one of thouse opportunity. Taking good with the bad should land you ahead in your day's bottomline big time. Once more its proven to us it pays to be the first one in line to ride EVERY bus.

I see you all tomorrow, I'll be trading live couple of hours before London open sharp.

God bless. hug
http://www.forexfactory.com/images/attach/gif.gif
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  • #1,799
  • May 5, 2009 10:15pm May 5, 2009 10:15pm
I am watching you guys. Still feel a lil' woozy but it's all part of the package. St. Peter kicked me out from the pearly gates....Again.

Keep on truckin'...if your setup fails for whatever reason. a solution is quite simple: lick your wounds, stand up and keep moving or the next guy will roll you over!!!

And don't spend much time licking your wounds, the market won't care for ya!!

The next setup..and the next setup...and the next setup...all will become a routine in your life, that's what we're looking for..

Plenty of setups available for the taking! By now I hope you have realized that. Some of them work, some of them won't. Anyway, probability is on your side. Think about it.



Good Karma.
Peace
  • #1,800
  • May 6, 2009 1:01am May 6, 2009 1:01am
My first set up on G/U today.
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