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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)

  • #2,581
  • Jul 3, 2009 10:28am Jul 3, 2009 10:28am
... exited from the last trade on B/E due to the lack of momentum
  • #2,582
  • Jul 6, 2009 3:12am Jul 6, 2009 3:12am
Can any one validate my short trade on GU today? It is my first trade by using System II rules.

Exited at 1.6106: + 26 pips
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  • #2,583
  • Jul 6, 2009 3:14am Jul 6, 2009 3:14am
... new week, but old behavior of this pair ...
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  • #2,584
  • Jul 6, 2009 3:22am Jul 6, 2009 3:22am
Looks like a nice day for shorts today. Another setup for shorts. What do you think?
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  • #2,585
  • Jul 6, 2009 3:27am Jul 6, 2009 3:27am
Quoting serhiy
Can any one validate my short trade on GU today? It is my first trade by using System II rules.
Exited at 1.6106: + 26 pips
G'day serhiy,
What's your entry, stop loss and profit target ...? It's a bit hard to see them on the chart.
  • #2,586
  • Jul 6, 2009 3:30am Jul 6, 2009 3:30am
Quoting DareXau
G'day serhiy,
What's your entry, stop loss and profit target ...? It's a bit hard to see them on the chart.
On first chart:
Red Line - Stop Loss
Green Line - Take Profit

On second chart:
Small yellow triangle - Opened short position
Small blue triangle - Manually closed short position as it stale.

PS
Both charts show same trade.
  • #2,587
  • Jul 6, 2009 3:30am Jul 6, 2009 3:30am
This is is a nice thread. Still reading the beginning
  • #2,588
  • Jul 6, 2009 3:56am Jul 6, 2009 3:56am
Quoting serhiy
On first chart:
Red Line - Stop Loss
Green Line - Take Profit
On second chart:
Small yellow triangle - Opened short position
Small blue triangle - Manually closed short position as it stale.
PS
Both charts show same trade.
If I'm reading your chart properly, you aren't allowing a couple pips space for possibility of false break-outs.
Don't be to greedy, ... give the price to show it's true color.
  • #2,589
  • Jul 6, 2009 7:06am Jul 6, 2009 7:06am
... this time my patience was rewarded, but I was very close from exiting with a few pips profit or B/E
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  • #2,590
  • Jul 6, 2009 10:20am Jul 6, 2009 10:20am
... the last trade is just flapping around, looks like the price lost all the momentum,
my intention now is to close in some profit or B/E, giving extra time to about the end of Frankfurt session ...
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  • #2,591
  • Jul 6, 2009 10:45am Jul 6, 2009 10:45am
... for me that's it for today ... this is just a beginning of the week ...
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  • #2,592
  • Jul 6, 2009 1:13pm Jul 6, 2009 1:13pm
Quoting DareXau
... for me that's it for today ... this is just a beginning of the week ...
I have to say that your assessment on market conditions is spot on!

Keep the good work buddy!

I check this thread regularly despite I don't post that much.
Peace
  • #2,593
  • Jul 6, 2009 5:38pm Jul 6, 2009 5:38pm
Quoting feb2865
I have to say that your assessment on market conditions is spot on!
Keep the good work buddy!
I check this thread regularly despite I don't post that much.
Feb, thank you for the good words, ... yes I've got much more of confidence in reading the price action and my expectations from a market are more strict then ever before,
but without you and your thread I probably would be flapping around like a current price on most majors recently.
Thank you.
  • #2,594
  • Edited 8:33pm Jul 6, 2009 7:27pm | Edited 8:33pm
Quoting DareXau
... the last trade is just flapping around, looks like the price lost all the momentum,
my intention now is to close in some profit or B/E, giving extra time to about the end of Frankfurt session ...
Hi DareXau,

In your chart the reason why didn't you sell after Tokyo close around 50 mins? or may be you weren't at PC?
another question do you mind to share your daily time frame system coz I am working fulltime so daily TF should be suitable for me right(what is your SL level for daily TF?) now I trading 5 mins on my day off(demo)
I hope you won't for all these questions.

Thanks,

pete
  • #2,595
  • Jul 6, 2009 9:52pm Jul 6, 2009 9:52pm
I am on EU and shorting now.
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  • #2,596
  • Jul 7, 2009 12:13am Jul 7, 2009 12:13am
Quoting pete.alfa
Hi DareXau,

In your chart the reason why didn't you sell after Tokyo close around 50 mins? or may be you weren't at PC?
another question do you mind to share your daily time frame system coz I am working fulltime so daily TF should be suitable for me right(what is your SL level for daily TF?) now I trading 5 mins on my day off(demo)
I hope you won't for all these questions.
Thanks,
pete
Yes, I did sell; the order trigged some time shortly after Tokyo closed.
Re: other part of your question; give me a little time to dig-up in some of the recent trades (daily time-frame) to explain the reasoning behind entry/exit
Maybe it will be better to post it in SYSTEM I ... so, two different set-ups stay separeted as they are for now.
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  • #2,597
  • Jul 7, 2009 6:50am Jul 7, 2009 6:50am
... what the hell is going on? ... the price is moving so quickly up, that I missed time to put the next order and bloody bus departed with out me ...
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  • #2,598
  • Jul 7, 2009 8:20am Jul 7, 2009 8:20am
... a bus was going down the hill and up the hill, so why not down again ...... as long is moving and I'm on ..., that's OK ...
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  • #2,599
  • Jul 7, 2009 8:27am Jul 7, 2009 8:27am
Quoting DareXau
... a bus was going down the hill and up the hill, so why not down again ...... as long is moving and I'm on ..., that's OK ...
I am riding the same bus as you
  • #2,600
  • Jul 7, 2009 8:35am Jul 7, 2009 8:35am
Hi Onga,
...that's already next stop ... the driver of this bus must be on some drugs ... or maybe just in a hurry ...
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