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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)

  • #2,941
  • Jul 27, 2009 2:19am Jul 27, 2009 2:19am
Good morning Fx & Dare,

its really a pleasure to see you trading live with this certainty and confidence.

I was hesitating this morning because price was slowly moving, resistance H1 ahead .. and so on....I still need some time to get rid of these thoughts...and just keep watching the most recent price action.

Thanks again for sharing your thoughts and comments on trading I´m still
paying very close attention.....

DareX, ...thanks for posting your charts with entry /exits so steadily,
it helps me very much and I´m shure all other newbie as well.

Quoting fxachilies
if price is really turning then wait for the PB and exit on top of it.. this way you won't be decieved by the price too early..

http://static.forexfactory.com/forex...attach/gif.gif
thanks for this helpfull and logic advise...

good trading ...cheers
  • #2,942
  • Jul 27, 2009 2:22am Jul 27, 2009 2:22am
Quoting -jo-
123 break, and shortly after exit, because I was expecting a pullback...

Still working on this method.

Jo,
what you did right there its a good way to scalp quick and end up with little pips here and there and at end of the day it adds up.. but (there is always a but) if you take up this style you must make exit also as short as you profits, otherwise you will have problem with your bottomline..

good job overall.
  • #2,943
  • Jul 27, 2009 2:30am Jul 27, 2009 2:30am
ok guys there was pretty quick and scary run down.. but i stuck with my hard sl and did not lose myself over that long ass bearish candel by taking a quick exit, (so when i say won't be decieved too early i really put it to work)... however it is alarming factor and now i will really watch the price reactions in this box and i am thinking exit at the top of this bearish looking PB to bank as much as i can.. the only way i would not exit is if i get a nice clean bullish ride up.. lets see what happens..

http://static.forexfactory.com/forex...attach/gif.gif
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  • #2,944
  • Jul 27, 2009 2:38am Jul 27, 2009 2:38am
just exited for $1000 profit (10pips)
the whole ride was no more than 20 pips... things are not going as i planned at moment now (one minor fractal broken) its the best use of expectancy and logic to bank half the possible amount..

now looing to go short for the classic 1-2-3 punch at the same time still keeping a buy order on top..
  • #2,945
  • Jul 27, 2009 2:39am Jul 27, 2009 2:39am
Quoting fxachilies
Jo,
what you did right there its a good way to scalp quick and end up with little pips here and there and at end of the day it adds up.. but (there is always a but) if you take up this style you must make exit also as short as you profits, otherwise you will have problem with your bottomline..

good job overall.
Thanks for the comment. I fully agree with you on that. It is just that I am not so much comfortable buying tops/selling bottoms, because I got burned a lot of times. And I am also not yet comfortable with holding a position for a long time and letting profits run (still have to learn that). So right now I am trying to make this method work for me when entering on the pullbacks with heiken ashi. It will make me end up in chop sometimes, but, the SL will be smaller, and so TP can be smaller too. It is all still work in progress, I want to finally find my method after almost 1 year of searching (and no, I never used indicators). So I am altering Feb's method to fit my needs. The tricky part is, not the entry, but the exit (trade expectancy), that is what makes a trader make or brake with this method.

Good trades to all of you.
  • #2,946
  • Jul 27, 2009 2:41am Jul 27, 2009 2:41am
Quoting fxachilies
its 12:05 am..
... bloody hell, how you gonna survive till London close or later?
do you like my new "news indi" - I really needed something beeping and flushing on my boring chart ...
so far, it cost me a one missed trade (middle part of this nice up-swing) because, I've been to busy making adjustments to standard settings ...
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  • #2,947
  • Jul 27, 2009 2:42am Jul 27, 2009 2:42am
Btw, I also want to thank you FxAchilles & DareXau for a constant supply of your charts & comments. It is really helpful!
  • #2,948
  • Jul 27, 2009 2:52am Jul 27, 2009 2:52am
Quoting DareXau
... bloody hell, how you gonna survive till London close or later?
do you like my new "news indi" - I really needed something beeping and flushing on my boring chart ...
so far, it cost me a one missed trade (middle part of this nice up-swing) because, I've been to busy making adjustments to standard settings ...

lol... thats why I spend most my time in my homeland and europe.. L.A time zone for forex it's terrible.


ok guys... I am on my way going short.. just got triggered.. lets see what happens.. damnnnnnnnn.. looks ugly at the moment..


http://static.forexfactory.com/forex...attach/gif.gif
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  • #2,949
  • Jul 27, 2009 3:00am Jul 27, 2009 3:00am
Quoting fxachilies
ok guys... I am on my way going short.. just got triggered.. lets see what happens.. damnnnnnnnn.. looks ugly at the moment..
http://static.forexfactory.com/forex...attach/gif.gif
I'm short to from 1.4237 ... looking for exit ... it's really ugly ...
  • #2,950
  • Jul 27, 2009 3:04am Jul 27, 2009 3:04am
Looks like a chop monster...
  • #2,951
  • Jul 27, 2009 3:08am Jul 27, 2009 3:08am
ok.. as you see price got me with a solid fakeout.. not as i planned.. I am thinking exit.. I will be looking for less damage.. if price returns a bit and gets closer to my entery I will eat the loss and keeping my head above the water.. IF and THEN guys.. as simple as that..
  • #2,952
  • Jul 27, 2009 3:10am Jul 27, 2009 3:10am
fx & dare where r ur original s/losses for this trade
cheers
andrew
Survive & Preserve
  • #2,953
  • Jul 27, 2009 3:11am Jul 27, 2009 3:11am
Quoting fxachilies
ok.. as you see price got me with a solid fakeout.. not as i planned.. I am thinking exit.. I will be looking for less damage.. if price returns a bit and gets closer to my entery I will eat the loss and keeping my head above the water.. IF and THEN guys.. as simple as that..

hold your ground it may break lose.. watch the level line very closley
  • #2,954
  • Jul 27, 2009 3:12am Jul 27, 2009 3:12am
Quoting andrewb7
fx & dare where r ur original s/losses for this trade
cheers
andrew

3ticks above the pullback... look at my last chart..
  • #2,955
  • Jul 27, 2009 3:14am Jul 27, 2009 3:14am
thanks
Survive & Preserve
  • #2,956
  • Jul 27, 2009 3:14am Jul 27, 2009 3:14am
... now it's much better, but ready to close if this happens again ...
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  • #2,957
  • Edited 3:39am Jul 27, 2009 3:18am | Edited 3:39am
Quoting andrewb7
fx & dare where r ur original s/losses for this trade
cheers
andrew
20 pips above entry, was very ... very close
OK, I'm out ... don't like the current price action ...
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  • #2,958
  • Jul 27, 2009 3:28am Jul 27, 2009 3:28am
Quoting DareXau
20 pips above entry, was very ... very close
yeah i got hit
Survive & Preserve
  • #2,959
  • Jul 27, 2009 3:31am Jul 27, 2009 3:31am
Quoting DareXau
20 pips above entry, was very ... very close
Hi guyz,
1st day with the system (paper trading).
Is it always so painful? hard stop loss of 20 pips nearly touched before.

Cheers,
Maverick
  • #2,960
  • Jul 27, 2009 3:37am Jul 27, 2009 3:37am
the only thing, I know is that we are making Lower High and Lower Low: so it's a downtrend til the market show me the opposit! Still SHORT!!!
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