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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)

  • #2,001
  • May 13, 2009 6:41am May 13, 2009 6:41am
looking for short
1.3630 e/u
  • #2,002
  • May 13, 2009 6:42am May 13, 2009 6:42am
Quoting DareXau
... not very convincing for me, I like to see the price action getting out of this ranging area of recent consolidation.

I respect that. I like taking shots at a possible bus ride. to me nothing feels worst than missing that oppourtunity... but, you can only do that if you are using the right expectancy for exit and accpeting the loss.
  • #2,003
  • May 13, 2009 6:49am May 13, 2009 6:49am
Quoting matte
looking for short
1.3630 e/u
i'm in
  • #2,004
  • May 13, 2009 6:53am May 13, 2009 6:53am
Do you use break out system on yours?
RedBlue Methd,
  • #2,005
  • May 13, 2009 6:58am May 13, 2009 6:58am
Quoting key
Do you use break out system on yours?
are you talking with me? if so the answer is no. i use sometimes "1 trade a day" but anyway these are two different and separated methods.
  • #2,006
  • May 13, 2009 7:07am May 13, 2009 7:07am
Quoting matte
i'm in
out for 20 pips, good
  • #2,007
  • May 13, 2009 7:10am May 13, 2009 7:10am
feb,
any game plan for the core news?
I took a chance on trade balance news and got murdered.. entered long did not bank quick enough then turned on me.
  • #2,008
  • May 13, 2009 7:19am May 13, 2009 7:19am
Feb suggest: be quite a little more
  • #2,009
  • May 13, 2009 7:28am May 13, 2009 7:28am
Quoting matte
out for 20 pips, good
I'm in on the same bus, but on the next bus stop, ... hope for more than 20 pips
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  • #2,010
  • May 13, 2009 7:28am May 13, 2009 7:28am
Quoting matte
Feb suggest: be quite a little more

You mean quiet? anyhow thanks for clarifying.
  • #2,011
  • May 13, 2009 7:33am May 13, 2009 7:33am
yes, i'm sotty; quiet.. feb said to stay quiet, see post #2000
  • #2,012
  • May 13, 2009 7:39am May 13, 2009 7:39am
long u/c at 1.1073
  • #2,013
  • May 13, 2009 7:40am May 13, 2009 7:40am
fxachllies

just sitting on my hands - that's my plan.

for now.
Peace
  • #2,014
  • May 13, 2009 7:44am May 13, 2009 7:44am
Quick 2min in and out for +22, I do this kind of things sometimes when I get the itch.
  • #2,015
  • May 13, 2009 7:46am May 13, 2009 7:46am
Quoting feb2865
fxachllies

just sitting on my hands - that's my plan.

for now.

and now 15min out?... lol.. I am ready to do it again
  • #2,016
  • May 13, 2009 7:48am May 13, 2009 7:48am
long on S& P - the dollar(E/U) might follow...
Peace
  • #2,017
  • May 13, 2009 7:48am May 13, 2009 7:48am
Quoting matte
long u/c at 1.1073

stop loss at 1.064
  • #2,018
  • May 13, 2009 7:48am May 13, 2009 7:48am
LONG E/U...
Peace
  • #2,019
  • May 13, 2009 7:49am May 13, 2009 7:49am
1/2 out on E/U
Peace
  • #2,020
  • May 13, 2009 7:50am May 13, 2009 7:50am
How do you usually determine how tight or "loose" your stop should be?



By artificial candle you mean caused by news?
So basically news candles are not good for this style?

Also sometimes I see the price retrace around 30-50% of the move and I don't know if I should have my entry after the recent high/low because I will miss a lot of the swing :

LoL sorry for bombarding you with questions I'm new here hehe
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