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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)

  • #1,921
  • May 11, 2009 7:27am May 11, 2009 7:27am
Guys I can't count howmany times I have stressed to not make anything a hard core rule.. don't worship anything on your charts.. practise expectancy so you can keep your head above the water, stay alive to fight another day.
There will be times and days like this.. just keep pluging... shake losses and get ready for the next one, bcz the next one just might be the runner that we are looking for, which it could will wipe all or most your losses.
ask for me, I have had eight losses in a row..I can care less.. on days like this I talk to the market even a little more than usuall.. by my action I am telling the maket: I got you by your balls.. if you go on the run I will be on the ride and I am going to getcha, today, tomorrow, whenever.
These are days that will seperates the boys from men.

Good trading to all.
  • #1,922
  • May 11, 2009 7:32am May 11, 2009 7:32am
Quoting fxachilies
Guys I can't count howmany times I have stressed to not make anything a hard core rule.. the ride and I am going to getcha, today, tomorrow, whenever...
...These are days that will seperates the boys from men.
Good trading to all.
Great!

You are completely right!!!

  • #1,923
  • May 11, 2009 7:37am May 11, 2009 7:37am
what about going short below 1,3554?
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  • #1,924
  • May 11, 2009 7:44am May 11, 2009 7:44am
I have today losses too.

But I understand that - I JUST TEST THE MARKET EVERY TIME WHEN I TRADE... SO WHEN I TEST THE MARKET FOR RUNNERS I CAN LOSE SOMETHING.
ONLY I CAN DECIDE HOW MANY $$ CAN I LOSE IN EVERY TRADE - MARKET CAN'T TO TAKE MORE FROM MY ACCOUNT.
SO IF I WILL MASTER THE ART OF LOSSES THEN I'LL LOSE LESS THAN I'LL EARN. AND IF I'LL BE AFRAID TO TRADE I'LL NEVER EARN!!!
EVERY TIME EVERY TRADE CAN BE GREAT, AND I HAVE TO TEST IT!!!!!!!


Thanks!!!
  • #1,925
  • May 11, 2009 7:52am May 11, 2009 7:52am
This is my first time testing the "system" and here is my entry, does this look correct to you guys?
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  • #1,926
  • May 11, 2009 7:52am May 11, 2009 7:52am
Quoting fxachilies
Guys I can't count howmany times I have stressed to not make anything a hard core rule.. don't worship anything on your charts.. practise expectancy so you can keep your head above the water,...
I second that.
Peace
  • #1,927
  • May 11, 2009 7:55am May 11, 2009 7:55am
Quoting Ogna
This is my first time testing the "system" and here is my entry, does this look correct to you guys?

for me it's ok.
where are you from?
  • #1,928
  • May 11, 2009 7:58am May 11, 2009 7:58am
Moneda,
Do you mean,
follow when you got a situation,
people trapped in temporary trend ?

If so, how about the rule 30-40 swing ?
I know when to enter by being a hound dog,
but this not the rule we trade here.

Please explain more, by give us example.
Thank you

Mulyadi
  • #1,929
  • May 11, 2009 7:59am May 11, 2009 7:59am
Quoting matte
for me it's ok.
where are you from?

Tampa bay area, Florida.... why? lol
  • #1,930
  • May 11, 2009 8:02am May 11, 2009 8:02am
Quoting Ogna
Tampa bay area, Florida.... why? lol

really cool :-)
i saw the clock on your screenshot :-)
  • #1,931
  • May 11, 2009 8:09am May 11, 2009 8:09am
Quoting matte
really cool :-)
i saw the clock on your screenshot :-)

Oh haha where are you from?
  • #1,932
  • May 11, 2009 8:10am May 11, 2009 8:10am
I think its important to recognize choppy conditions and not trade them. Ive noticed since starting this method that over trading on choppy days can really kill your profits. Best to leash yourself from "needing" to trade and wait for nice trending conditions which is where this method works best.
  • #1,933
  • May 11, 2009 8:16am May 11, 2009 8:16am
Quoting Ogna
Oh haha where are you from?

italy
-17 pips on e/u
  • #1,934
  • May 11, 2009 8:22am May 11, 2009 8:22am
Quoting Musanto
Moneda,
Do you mean,
follow when you got a situation,
people trapped in temporary trend ?

If so, how about the rule 30-40 swing ?
I know when to enter by being a hound dog,
but this not the rule we trade here.

Please explain more, by give us example.
Thank you


Mulyadi

Musanto,

Thank you for your question... my comments were not to be taken literally.... it was another way to visualize what we are trying to do especially if the market is choppy. The rule for a swing is a guide (just like a hound) for us to consider. There is no guarantee that if price moves 30+ pips in one direction that we are ok.... that is why a pullback and a continuation gives us more clues. The key is for me has been learning to manage my loses and remain fearless so that I can take advantage of a strong move in my favor.

Good luck
Unus pro omnibus, omnes pro uno
  • #1,935
  • May 11, 2009 8:29am May 11, 2009 8:29am
The chop monster is really out there today
  • #1,936
  • May 11, 2009 8:32am May 11, 2009 8:32am
G'day Guys,
I'm happy to find this post, ... Feb you are very good in keeping the rules
in a simple way as they should be; (kiss is all we need) and all we can do
is read the current price than "buy" or "sell".

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Happy Trading to All.
  • #1,937
  • May 11, 2009 8:46am May 11, 2009 8:46am
Quoting DareXau
G'day Guys,
I'm happy to find this post, ... Feb you are very good in keeping the rules
in a simple way as they should be; (kiss is all we need) and all we can do
is read the current price than "buy" or "sell".

Attachment

Attachment

Happy Trading to All.


hi, i really like your dark tpl. could you please post it?
  • #1,938
  • May 11, 2009 8:49am May 11, 2009 8:49am
[quote=DareXau;2725412]G'day Guys,
I'm happy to find this post, ... Feb you are very good in keeping the rules
in a simple way as they should be; (kiss is all we need) and all we can do
is read the current price than "buy" or "sell"....

Dare ,
Your system is different from this thread's system
Feb never use diagonal line like yours,
he always use horizontal line.
  • #1,939
  • May 11, 2009 8:51am May 11, 2009 8:51am
Quoting AceOfTrades
I think its important to recognize choppy conditions and not trade them. Ive noticed since starting this method that over trading on choppy days can really kill your profits. Best to leash yourself from "needing" to trade and wait for nice trending conditions which is where this method works best.
Ace
The problems is that we don't know when the trend start and when it ends or when chopp monster starts and when it ends the only way to find out is to get in the action. our setups protects us when there is price stagnation but thats about it. so with that said to be successful with this metod of trading anytime you see a valid setups anywhere in the chart you gotta take it.. taking the good with the bads, other wise you will get into much bigger problems, such as missing out on oppourtunites and positioning late which it will lead to top/bottom picked.. worst feeling as trader. atleast thats the way I see it.
Feb, I apperciate you input here.

I see you guys in a couple, I got a soccer match.

later. good trading to all.
  • #1,940
  • May 11, 2009 8:58am May 11, 2009 8:58am
thats true but i meant that if the conditions are like this for a while as they have been for the last 7.5 hours then chances are it probably wont get better. it might get better but the probability is against you. Just my opinion as i only have about 4 months experience.

A quote i read somewhere i think jesse livermoore, "sometimes you should go long, sometimes you should go short, other times you should go fishing"
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