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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)

  • #2,561
  • Jun 30, 2009 3:35am Jun 30, 2009 3:35am
just exited.. good for nice little profit.. wash and rinse ready for next one..
  • #2,562
  • Jun 30, 2009 3:49am Jun 30, 2009 3:49am
now the other way, this entery is based on break of the first fractal.. its a bit too risky but its worth a shot but must be dicsipline enough to exit the trade if its a quick turn around and excapt the loss..



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  • #2,563
  • Jun 30, 2009 4:20am Jun 30, 2009 4:20am
I had the chance to exit this trade at breakeven couple of times.. but i did not because i like the way price broke through the fractal.. so i decided to stay with the trade and see if it makes a L/H... now it has and my stop is moved lower accordingly.. now I wait to see if it will breaks lower.. if it dosen't and price stalls shapes up I most likley will exit around my entery.. now i am watching it like a hawk..
  • #2,564
  • Jun 30, 2009 4:32am Jun 30, 2009 4:32am
ok.. at this point i will exit bcz.. expectancy= price must go your way in a reasonable time, rhythm and speed.. none of that is happening in this particular trade.. so i rather exit at breakeven or small loss and set a sell order for the reall brearish breakout if its destain to happen..
  • #2,565
  • Jun 30, 2009 4:43am Jun 30, 2009 4:43am
Hey Achilies - if you don't mind can I get your fractal indi??

Thx
  • #2,566
  • Jun 30, 2009 9:47am Jun 30, 2009 9:47am
Quoting SmartKenya
Hey Achilies - if you don't mind can I get your fractal indi??

Thx
No indi's budd, we do not use crutches in here.. all lines drawn manually by myself. your job is to read the market with your naked eyes. Try to spot swings, pullbacks, L/H H/L and go from there.
  • #2,567
  • Jun 30, 2009 3:58pm Jun 30, 2009 3:58pm
Quoting fxachilies
No indi's budd, we do not use crutches in here.. all lines drawn manually by myself. your job is to read the market with your naked eyes. Try to spot swings, pullbacks, L/H H/L and go from there.
Thx I grabbed a total of 21pips Long + 33pip Short not bad.

New day....
  • #2,568
  • Jul 1, 2009 1:29am Jul 1, 2009 1:29am
Hello guys,


I was wondering how many pips do you nail on average per day with this system, if its no secret?

Thank you
  • #2,569
  • Jul 1, 2009 2:57am Jul 1, 2009 2:57am
Quoting rockya1
Hello guys,


I was wondering how many pips do you nail on average per day with this system, if its no secret?

Thank you
Hi Rock,
we try not to get cut up on counting pips.. instead we try to practise our trade expactancy and improve that skill.. and then proftability will follow.. bottomline goal is the $$$$ not pips.
I know I have done so myself in my past posts but after febs suggestions a few times it sunk in for as I understood why.
Practise expectancy, watch the R:R, spead the load accordingly, you be on your way to taste success.

good trading to all.
  • #2,570
  • Jul 1, 2009 2:58am Jul 1, 2009 2:58am
Quoting feb2865
I am here guys!!
Just that there's no much to say lately.

Many of you have digested the idea already. I 've seen a lot of progress on all of you who stick to the idea of thinking outside the box.

Please don't hesitate if you have any questions!

Good Karma!!
Hi Feb, Happy to hear from you

Thanks for your thread. It's great good simple system & effective but only sometime have big SL (that's only the problem)
One more thing if I found this thread 7 months ago I didn't have to waste my time to read 'trading in the zone' coz this thread explain every thing in real life.
hope you have a good health & good karma too

pete
  • #2,571
  • Jul 1, 2009 4:01am Jul 1, 2009 4:01am
Quoting rockya1
Hello guys,
I was wondering how many pips do you nail on average per day with this system, if its no secret?
Thank you
Definitely it's not a secret, but to be frankly ... I don't know because I have stopped counting them.
Taking about dozen of trades a day, ... everyday it comes to many, many pips, some negative, but mostly positive, at the end of the week I can assure you, it's a very, very nice profit.
  • #2,572
  • Jul 1, 2009 6:22pm Jul 1, 2009 6:22pm
OMG this is off topic but everyone should know this.

A major new NFA rule goes into effect after July 31, 2009 which affects all US regulated Forex Dealer Members. Forex traders will no longer have the ability to place stop-loss or limit orders. Nor will traders be able to modify or close trades from the Open Positions Window. As these features will be removed, all stop-loss and limit orders held on FXCM LLC accounts at the close of trading on July 31, 2009 will be deleted.

That is a message I got from my broker today, WTF IS THIS?!?!?!

Why would they do this this will mess up a lot for a lot of people including me.. new we have to babysit our trades... if we can...

what are your views on this??

sorry its off topic but it it really important >.>
  • #2,573
  • Jul 1, 2009 6:50pm Jul 1, 2009 6:50pm
Quoting Ogna
OMG this is off topic but everyone should know this.

A major new NFA rule goes into effect after July 31, 2009 which affects all US regulated Forex Dealer Members. Forex traders will no longer have the ability to place stop-loss or limit orders. Nor will traders be able to modify or close trades from the Open Positions Window. As these features will be removed, all stop-loss and limit orders held on FXCM LLC accounts at the close of trading on July 31, 2009 will be deleted.

That is a message I got from my broker today, WTF IS THIS?!?!?!

Why...
Looks like, you have to search for another broker ...
  • #2,574
  • Jul 1, 2009 6:53pm Jul 1, 2009 6:53pm
Quoting DareXau
Definitely it's not a secret, but to be frankly ... I don't know because I have stopped counting them.
Taking about dozen of trades a day, ... everyday it comes to many, many pips, some negative, but mostly positive, at the end of the week I can assure you, it's a very, very nice profit.
Hi DareXau,

I've seen your charts you are a great trader. may I ask another question.
what pairs are trading & your trading time?

thanks,

pete
  • #2,575
  • Jul 1, 2009 6:53pm Jul 1, 2009 6:53pm
Quoting DareXau
Looks like, you have to search for another broker ...
This will affect all brokers in the US.
  • #2,576
  • Jul 1, 2009 7:03pm Jul 1, 2009 7:03pm
Quoting Ogna
This will affect all brokers in the US.
Most probably, ... yes. I've got accounts with GFT and FxPro, but so far I didn't received such a massage.
  • #2,577
  • Edited 10:32pm Jul 1, 2009 7:43pm | Edited 10:32pm
Quoting pete.alfa
Hi DareXau,
I've seen your charts you are a great trader. may I ask another question.
what pairs are trading & your trading time?
thanks,

pete
My "screen time" usually starts around Sydney open and goes until mid of New York session.
It's a lot of hours, ... but fortunately during the first few hours of the Sydney and Tokyo sessions, there isn't much going on.
The real trading begins before London open and continue when London overlaps with New York session.
I'm concentrating my "scalping" activity only to EUR/USD (... for now ...)
But on the longer time-frame (daily) I'm looking for trade opportunities with all the major pairs.
Combination of all crosses between: AUD, CAD, CHF, EUR, GBP, NZD, JPY and USD; all together 28 pairs.
  • #2,578
  • Jul 2, 2009 7:27am Jul 2, 2009 7:27am
Quoting DareXau
My "screen time" usually starts around Sydney open and goes until mid of New York session.
It's a lot of hours, ... but fortunately during the first few hours of the Sydney and Tokyo sessions, there isn't much going on.
The real trading begins before London open and continue when London overlaps with New York session.
I'm concentrating my "scalping" activity only to EUR/USD (... for now ...)
But on the longer time-frame (daily) I'm looking for trade opportunities with all the major pairs.
Combination of all crosses between: AUD, CAD, CHF, EUR,...
Thanks DareXau

pete
  • #2,579
  • Edited Jul 3, 2009 2:55am Jul 2, 2009 11:04pm | Edited Jul 3, 2009 2:55am
Quoting Ogna
This will affect all brokers in the US.

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  • #2,580
  • Jul 3, 2009 6:58am Jul 3, 2009 6:58am
... friday, bloody friday, so far there isn't to many opportunities to place some entries for a good trades today ...
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