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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)

  • #2,021
  • May 13, 2009 5:51am May 13, 2009 5:51am
Quoting feb2865
LONG E/U...

i am in. lets do it baby.
  • #2,022
  • May 13, 2009 5:52am May 13, 2009 5:52am
1/4 Out on s&p..

I am sorry guys I think I shouldn't call my trades here. I am a scalper and I don't want to confuse all of you.

My apologies.
Peace
  • #2,023
  • May 13, 2009 5:54am May 13, 2009 5:54am
Quoting Ogna
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
stick around buddy, I'll post some charts for you!! let me see if I can kill this sucker today LOL!!

Stay tuned!
Peace
  • #2,024
  • May 13, 2009 5:54am May 13, 2009 5:54am
Thank you Feb for this excellent thread
Would please check this chart if I put the right entry
Are there other entry points

Thank you
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  • #2,025
  • May 13, 2009 5:57am May 13, 2009 5:57am
does anybody know how to scale out a position in Oanda?? I am going to get back on trading with them..
Peace
  • #2,026
  • May 13, 2009 5:59am May 13, 2009 5:59am
Quoting maptoprofit
Thank you Feb for this excellent thread
Would please check this chart if I put the right entry
Are there other entry points

Thank you

They're good.

As for more entries, just bring them on and we'll tell you ok?
Peace
  • #2,027
  • May 13, 2009 6:00am May 13, 2009 6:00am
Quoting feb2865
1/4 Out on s&p..

I am sorry guys I think I shouldn't call my trades here. I am a scalper and I don't want to confuse all of you.

My apologies.

My fault .. 1/2 out
  • #2,028
  • May 13, 2009 6:03am May 13, 2009 6:03am
Quoting feb2865
stick around buddy, I'll post some charts for you!! let me see if I can kill this sucker today LOL!!

Stay tuned!
Thanks man! Ill be here
  • #2,029
  • May 13, 2009 6:12am May 13, 2009 6:12am
Ogna

so we just establish point A to point B - that's a swing right??

then I hope you see the pullback.

Let me know if you're following me or not.
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Peace
  • #2,030
  • May 13, 2009 6:13am May 13, 2009 6:13am
all postion closed for lots of $$$.
thanks feb. I needed it after the beating i took on monday.. lol.
  • #2,031
  • May 13, 2009 6:15am May 13, 2009 6:15am
Look at the charts.
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Peace
  • #2,032
  • May 13, 2009 6:17am May 13, 2009 6:17am
Quoting feb2865
Look at the charts.
I am happily following you
  • #2,033
  • May 13, 2009 6:17am May 13, 2009 6:17am
now that you have a swing, a place for entry and a pullback...my question is....

where do you think would be a sensible spot to place a stop with a high probability that the market won't comeback there??????
Peace
  • #2,034
  • May 13, 2009 6:22am May 13, 2009 6:22am
Quoting feb2865
now that you have a swing, a place for entry and a pullback...my question is....

where do you think would be a sensible spot to place a stop with a high probability that the market won't comeback there??????
I dunno haha

How is this (white line would be entry and the circled candle is news)
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  • #2,035
  • May 13, 2009 6:25am May 13, 2009 6:25am
Feb -to scale out position on Oanda just buy/sell 1/2 position. Eg if long at 1000u and you want to take half off, just sell 500u...
Cheers
  • #2,036
  • May 13, 2009 6:25am May 13, 2009 6:25am
Quoting Ogna
I dunno haha

How is this (white line would be entry and the circled candle is news)
nod. you need to look at the charts I posted and take it from there. Don't it on your charts. Look at my notes and you'll find your answer.
Peace
  • #2,037
  • May 13, 2009 6:26am May 13, 2009 6:26am
Quoting feb2865
nod. you need to look at the charts I posted and take it from there. Don't it on your charts. Look at my notes and you'll find your answer.
Ooooooooh so you use the last swing high/low if if retraces real far?
  • #2,038
  • May 13, 2009 6:26am May 13, 2009 6:26am
Ogna

You need to find a place where you stop can't be easily hit. Remember, you already have entry - swing- pullback. On that information, where do you put your stop?
Peace
  • #2,039
  • May 13, 2009 6:30am May 13, 2009 6:30am
Quoting feb2865
Ogna

You need to find a place where you stop can't be easily hit. Remember, you already have entry - swing- pullback. On that information, where do you put your stop?
hmmm, a little bit above the pullabeck?
  • #2,040
  • May 13, 2009 6:40am May 13, 2009 6:40am
Quoting Ogna
hmmm, a little bit above the pullabeck?

There's you go!!!!
Peace
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