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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)

  • #2,641
  • Jul 8, 2009 9:48am Jul 8, 2009 9:48am
Quoting DareXau
Buddy,
Today's range from the bottom to the top was only 71.8 pips, so where you made the rest of them ... in your dreams?
Oops ... sorry
I meant +10 pips, not 100 pips.
I am using 1 full lot, and closing at + $100
My mistake
  • #2,642
  • Jul 8, 2009 9:49am Jul 8, 2009 9:49am
Quoting DareXau
jplo,
Yes, you are exactly right, e/u for scalping (small spread) the other 27 major for any type of trading.
This is what I'm doing since I've discovered Feb's existence and this thread.
From now and on I'm on the same boat...
  • #2,643
  • Jul 8, 2009 9:53am Jul 8, 2009 9:53am
OK ... the same trick again ... swing reversal
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  • #2,644
  • Jul 8, 2009 10:02am Jul 8, 2009 10:02am
this time ... the trick didn't work-out ... well getting ready for next shot
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  • #2,645
  • Jul 8, 2009 10:14am Jul 8, 2009 10:14am
Did you managed to open any trades of longer T/F ?
I've notice you, "harassing" Hector about it.
  • #2,646
  • Jul 8, 2009 10:23am Jul 8, 2009 10:23am
Closed another nice trade.
Break short
Collecting 23 pips.
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  • #2,647
  • Jul 8, 2009 10:27am Jul 8, 2009 10:27am
Quoting DareXau
Did you managed to open any trades of longer T/F ?
I've notice you, "harassing" Hector about it.
Yes, I had opened a short on CADJPY off the 4h TF that has just reach my target right now for 100 pips....

All JPY crosses are going south right now quickly...
  • #2,648
  • Jul 8, 2009 10:55am Jul 8, 2009 10:55am
Quoting jplo
Yes, I had opened a short on CADJPY off the 4h TF that has just reach my target right now for 100 pips....
All JPY crosses are going south right now quickly...
Good on you; I was short on CAD/JPY too, of 1H, hit T/P and looking for next short;
Also short on AUD/JPY and EUR/JPY of daily, both active, so far they going as per plan, even little better (quicker) then expected.
  • #2,649
  • Jul 8, 2009 11:10am Jul 8, 2009 11:10am
OK my last trade for today have been better then expected,
before I was trying to catch a runner on Long side,
but have found one on Short instead.
Really no difference to me, where the pips coming from.
See you tomorrow.
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  • #2,650
  • Jul 8, 2009 8:45pm Jul 8, 2009 8:45pm
I made a quick move this morning.
Quick buy entry with 15 pips profit then I get out, nervous
Btw, I am wondering, should we really set Take Profit at least same a Stop Loss? My gap or SL is 34 pips, but I am out in +15pips only
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  • #2,651
  • Jul 8, 2009 9:20pm Jul 8, 2009 9:20pm
Quoting fosgate_r
I made a quick move this morning.
Quick buy entry with 15 pips profit then I get out, nervous
Btw, I am wondering, should we really set Take Profit at least same a Stop Loss? My gap or SL is 34 pips, but I am out in +15pips only
how i play this and thats my understanding of the rules, the SL should be set below the retracement.on the chart, the swing was 34 pips the retracement 12 pipsso u dit fine with a tp of 15 the sl should have been below 1.3879
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  • #2,652
  • Jul 8, 2009 9:29pm Jul 8, 2009 9:29pm
Quoting MJurban
how i play this and thats my understanding of the rules, the SL should be set below the retracement.on the chart, the swing was 34 pips the retracement 12 pipsso u dit fine with a tp of 15 the sl should have been below 1.3879
Oh ... ok. That's much better
I think we also need to examine that that level is the real retracement point, so we won't get stop on the next one. But that will be nice.
Thanks Mjurban.
  • #2,653
  • Jul 8, 2009 10:16pm Jul 8, 2009 10:16pm
Quoting jplo
Yes, I had opened a short on CADJPY off the 4h TF that has just reach my target right now for 100 pips....

All JPY crosses are going south right now quickly...
Hi Guys,
Let's go to system I for longer TF
I trade daily TF but enter at 4hrs TF for E/U & A/U look at my charts any comment?

Thanks,

pete
  • #2,654
  • Jul 8, 2009 10:24pm Jul 8, 2009 10:24pm
Quoting pete.alfa
Hi Guys,
Let's go to system I for longer TF
I trade daily TF but enter at 4hrs TF for E/U & A/U look at my charts any comment?

Thanks,

pete
What's the System I ? Haven't checked it
Let me go there now.
  • #2,655
  • Jul 9, 2009 3:52am Jul 9, 2009 3:52am
Hey Guys,

trying to ride these little M5 waves.....
personally I like to see prices moving (relatively) fast away from
my entry, if not I start to scale out the position and dont wait
for the "hard sl"
but I´m still practising this short time trading, you really have to get used to the losses and just move on with the next shot........good luck to everyone, ....
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  • #2,656
  • Jul 9, 2009 7:34am Jul 9, 2009 7:34am
I am starting buy order just now.
I put a buy stop before, and the price touch the limit just a little and retrace back. Let's see how it goes. I am going to adjust my SL now.
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  • #2,657
  • Jul 9, 2009 8:07am Jul 9, 2009 8:07am
I closed my trade with 3 pips profit.
I checked 1 hour EU chart, it seems that it is not a good time to trade long. The price drop back just after I close my trade.
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  • #2,658
  • Jul 9, 2009 8:43am Jul 9, 2009 8:43am
... don't be scare to short it, if that's market intention, so be it ... keep shooting ... up or down it doesn't matter ... the pips are on both sides
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  • #2,659
  • Edited 9:06am Jul 9, 2009 8:49am | Edited 9:06am
[quote=julias;2861515]Hey Guys,

personally I like to see prices moving (relatively) fast away from
my entry, if not I start to scale out the position and dont wait
for the "hard sl"

Yes Julias,

I think this system have to manage trade this way.

pete
  • #2,660
  • Jul 9, 2009 8:58am Jul 9, 2009 8:58am
Quoting DareXau
... don't be scare to short it, if that's market intention, so be it ... keep shooting ... up or down it doesn't matter ... the pips are on both sides
On the same boat

I've scaled out half of my position and trail stop to breakeven just in case this support reject price....
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