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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)

  • #2,721
  • Jul 14, 2009 9:40am Jul 14, 2009 9:40am
Quoting Kiwiian1
I have also noticed if you wait for entry until candle closes then often price has moved a long way towards target. do you enter on candle close or are most of you entering as soon as the entry price is hit?, I recall Feb saying something about waiting for candle/bar closure before entering - but so much on this thread I am not sure now.
Appreciate your thoughts
cheers
If I remember correctly about bar/candle close, it has nothing to do with this "system" ; it refers to longer time-frame and "system I"
Scalping has to be much less complicated by nature and the entry/exit is only based on few simple rules.
By the way, fxachilies already answered to it.
  • #2,722
  • Jul 14, 2009 10:10am Jul 14, 2009 10:10am
Quoting julias
@DareXau, ...that was reeally cold-blooded to trade to the top and back down the hole ride. you profit from this hole senseless move. I suppose you must have had a really big smile on your face after closing the second trade.congrats!
I just made my shy trades....
It wasn't any senseless move, ... ha ...ha, it was a nice pips-ride
... maybe all my recent trading is showing some over-confidence and so on ...
I'm a bit concern it's possibility to over-do-it and be punish or pay dearly for it,
but on other hand, it's only testing of the market, ... in some lucky way.
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  • #2,723
  • Jul 14, 2009 1:45pm Jul 14, 2009 1:45pm
I just got this trade.
Good one before sleeping
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  • #2,724
  • Jul 15, 2009 3:04am Jul 15, 2009 3:04am
nice start today good luck everone...
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  • #2,725
  • Jul 15, 2009 4:59am Jul 15, 2009 4:59am
Quoting julias
nice start today good luck everone...
Yes, the start was really nice, but after that not so ...
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  • #2,726
  • Jul 15, 2009 5:19am Jul 15, 2009 5:19am
Good morning guyz

I donīt know about you, but, for me it has been two "impossible to trade" days...

Are you gonna trade this range breakout? (If it happens)
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  • #2,727
  • Jul 15, 2009 6:05am Jul 15, 2009 6:05am
Quoting jplo
Good morning guyz
I donīt know about you, but, for me it has been two "impossible to trade" days...
Are you gonna trade this range breakout? (If it happens)
Hi jplo,
We don't look for top and bottom of the range, it's only a recent swing you play; as 1-2-3 pattern showing on the chart.
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  • #2,728
  • Jul 15, 2009 6:12am Jul 15, 2009 6:12am
... maybe the market will start moving again ...
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  • #2,729
  • Jul 15, 2009 6:26am Jul 15, 2009 6:26am
I just got stop with -4 pips
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  • #2,730
  • Jul 15, 2009 6:32am Jul 15, 2009 6:32am
Quoting DareXau
Hi jplo,
We don't look for top and bottom of the range, it's only a recent swing you play; as 1-2-3 pattern showing on the chart.
Ok, so I donīt have to take into account if price has stopped twice or three times in a level, if not, only pay attention and interprete the 123 pattern...

Thank you Dare
  • #2,731
  • Jul 15, 2009 6:38am Jul 15, 2009 6:38am
At first, thank you Feb for this wonderful thread, and all the other members for keeping it alive. My trades so far today... The 1st one I closed manually because the price did not move in my direction but stalled; the 2nd one also came back too fast... Now when I look at my trades and those of DareXau it reminds me of: 2 traders open a trade at the same price, one of them closes in profit, the other one in a loss :-P

DareXau, what made you stay in that trade after the market started to go sideways? (The low which was not taken out?)

http://img229.imageshack.us/img229/7529/trades.png
  • #2,732
  • Jul 15, 2009 7:29am Jul 15, 2009 7:29am
Quoting jplo
Ok, so I donīt have to take into account if price has stopped twice or three times in a level, if not, only pay attention and interprete the 123 pattern...
Thank you Dare
Yes, that's right, pay only a close attention to the recent price action;
it's almost possible to see, when price is about to make the break-out move; as it's more and more compressed.
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  • #2,733
  • Jul 15, 2009 7:58am Jul 15, 2009 7:58am
Quoting -jo-
... Now when I look at my trades and those of DareXau it reminds me of: 2 traders open a trade at the same price, one of them closes in profit, the other one in a loss :-P
DareXau, what made you stay in that trade after the market started to go sideways? (The low which was not taken out?)
Yes, that's exactly what I was telling to the screen ... hay you b**** show me first a L/L you breaking, don't think I'm scare of such a lows you m****-f****
  • #2,734
  • Jul 15, 2009 8:07am Jul 15, 2009 8:07am
Quoting DareXau
Yes, that's exactly what I was telling to the screen ... hay you b**** show me first a L/L you breaking, don't think I'm scare of such a lows you m****-f****
OK, thank you. Btw, when you guys write that you are talking to your monitor... do you actually really do it, or is it just a joke?? No offence intended, but I just never did that, and I think it's funny. Maybe I'll try that sometimes.
  • #2,735
  • Jul 15, 2009 8:39am Jul 15, 2009 8:39am
Quoting -jo-
OK, thank you. Btw, when you guys write that you are talking to your monitor... do you actually really do it, or is it just a joke?? No offence intended, but I just never did that, and I think it's funny. Maybe I'll try that sometimes.
... I truly do, trading becomes a bloody boring after some time, so a little one-way chit chat to laptop is healthy, I reckon.
  • #2,736
  • Jul 15, 2009 8:42am Jul 15, 2009 8:42am
Quoting DareXau
Yes, that's exactly what I was telling to the screen ... hay you b**** show me first a L/L you breaking, don't think I'm scare of such a lows you m****-f****

..so do I sometimes...

...I am happy that I was out of house today because price action looks really ugly after the major move after London open.
..for now I think the daily range is done already, so I would not expect
to much for the rest of the day. Specially not on the long side....but who knows.....
  • #2,737
  • Jul 15, 2009 9:01am Jul 15, 2009 9:01am
Quoting julias

..so do I sometimes...
...I am happy that I was out of house today because price action looks really ugly after the major move after London open.
..for now I think the daily range is done already, so I would not expect
to much for the rest of the day. Specially not on the long side....but who knows.....
... we never know what's really cooking in the market, but the price is nicely moving up,
so since last entry my target is open-ended and only a stop-loss with sell-stop order are in charge now.
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  • #2,738
  • Jul 15, 2009 9:31am Jul 15, 2009 9:31am
... this recent drive down and up killed all previous ideas and cost me 20 pips ... "what's next you b***ch? "
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  • #2,739
  • Jul 15, 2009 9:55am Jul 15, 2009 9:55am
Quoting DareXau
If I remember correctly about bar/candle close, it has nothing to do with this "system" ; it refers to longer time-frame and "system I"
Scalping has to be much less complicated by nature and the entry/exit is only based on few simple rules.
By the way, fxachilies already answered to it.
Thanks for your replies guys, sorry been busy with something else for last day or so. I appreciate what you have said -it clears up some misconceptions I had re this system.
  • #2,740
  • Jul 15, 2009 10:18am Jul 15, 2009 10:18am
... the price action and this type of triangle formation looks very ugly to me;
I'm closing-down all the limit orders right now.
See you tomorrow.
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