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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)

  • #3,121
  • Jul 30, 2009 2:50am Jul 30, 2009 2:50am
I'm with you on this one.
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  • #3,122
  • Jul 30, 2009 2:55am Jul 30, 2009 2:55am
Quoting Kiwiian1
Hi Dare are you in short at 1.4058 now and if so where is your stop ? is it around 1.4181?
Cheers
It's a standard entry 20/21 so S/[email protected]
  • #3,123
  • Jul 30, 2009 2:57am Jul 30, 2009 2:57am
out because we were getting close to the lows.
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  • #3,124
  • Jul 30, 2009 3:03am Jul 30, 2009 3:03am
Quoting DareXau
It's a standard entry 20/21 so S/[email protected]
Thanks Dare, I got out with a couple of pips profit as I didn't like what it was doing around the german unemployment news. will await next opportunity
  • #3,125
  • Jul 30, 2009 3:35am Jul 30, 2009 3:35am
Quoting jplo
Good morning to everyone....
This was my first trade for today....
It finished with a 19 pips gain
Do you think it was ok the fractal reversal?, or maybe too many risky?
Blue: entry
Green: TP
Red: SL
P.D... Thanks very much Dare for your PM anwser
Yes, it's good entry on fractal reversal and I was going to move my short order to that level,
but than decided to stay with original plan and give market more time to show its intentions.
By now, you should be already with 21 pips in a pocket ...
  • #3,126
  • Jul 30, 2009 3:36am Jul 30, 2009 3:36am
Reloaded on pullback and out again close to the lows... (probably way too soon).

Note: This pullback trade is not according to Feb style, but I just wanted to show a different way of skinning the cat.
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  • #3,127
  • Jul 30, 2009 3:49am Jul 30, 2009 3:49am
Quoting DareXau
Yes, it's good entry on fractal reversal and I was going to move my short order to that level,
but than decided to stay with original plan and give market more time to show its intentions.
By now, you should be already with 21 pips in a pocket ...
Yes, in fact I've closed it at +19 pips...
Now, waiting for the next move

P.D. If anytime else you cannot post FxPro charts, there is a tool predefined installed on Windows to cut and save what you want in your screen in your desirable format....
Start>all programs>accessories>cut (scissors)
You box what you wanna save and that's all.
It is the way I do it all the time
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  • #3,128
  • Edited 4:08am Jul 30, 2009 3:53am | Edited 4:08am
... exit B/E don't like this price action, new orders again in brackets
I really like this new momentum ... awesome ...
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  • #3,129
  • Jul 30, 2009 4:01am Jul 30, 2009 4:01am
Quoting jplo
there is a tool predefined installed on Windows to cut and save what you want in your screen in your desirable format....
Start>all programs>accessories>cut (scissors)
You box what you wanna save and that's all.
It is the way I do it all the time
I don't see it ... the laptop I'm using for trading has a Windows XP, ... maybe you're using Vista?
  • #3,130
  • Jul 30, 2009 4:13am Jul 30, 2009 4:13am
Quoting DareXau
I don't see it ... the laptop I'm using for trading has a Windows XP, ... maybe you're using Vista?
Yes, I'm using Vista....
Sorry
  • #3,131
  • Jul 30, 2009 4:14am Jul 30, 2009 4:14am
what a nice day today
Every moment in the market is unique.
  • #3,132
  • Jul 30, 2009 4:27am Jul 30, 2009 4:27am
Quoting jplo
Yes, I'm using Vista....
Sorry
Yes, I did check other PC, which has Vista Pro, it's snipping tool - good thing, I've not been aware of it, thanks for pointing ...
By the way, ... very nice runner, my last order has only S/L and T/P open-ended ...
  • #3,133
  • Jul 30, 2009 4:29am Jul 30, 2009 4:29am
Nice run... I was too scared to enter, somehow when I already made some money during the day, I am more and more reluctant to take other trades. I guess I am too afraid of losing it again
  • #3,134
  • Jul 30, 2009 4:38am Jul 30, 2009 4:38am
Really, really quick run...
I belive it was fueled by the news....
Now, ready for another one
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  • #3,135
  • Jul 30, 2009 4:51am Jul 30, 2009 4:51am
Quoting jplo
Really, really quick run...
I belive it was fueled by the news....
Now, ready for another one
I reckon, partially 'cos of the positive news, but in my view euro is now below the fare value, it can easily go up another 100 pips before NY opens ...
  • #3,136
  • Jul 30, 2009 5:23am Jul 30, 2009 5:23am
Quoting DareXau
I reckon, partially 'cos of the positive news, but in my view euro is now below the fare value, it can easily go up another 100 pips before NY opens ...
Let's hope
I wish it moved 100 pips in the direction it wanted to......
  • #3,137
  • Jul 30, 2009 5:54am Jul 30, 2009 5:54am
How do you deal with this formation that happens too often?
Do you wait for price to break the extreme points of the triangle?
or would you still take trades acording to fractals as the blue dotted lines mark in the picture?
I always doubt about how to react when I see this formations on the 5 min.
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  • #3,138
  • Jul 30, 2009 6:10am Jul 30, 2009 6:10am
Quoting jplo
How do you deal with this formation that happens too often?
You could e.g. just zoom in and go with the flow using Feb style.
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  • #3,139
  • Jul 30, 2009 6:21am Jul 30, 2009 6:21am
Quoting -jo-
You could e.g. just zoom in and go with the flow using Feb style.
So, It doesn't matter at all what is happening.... just focusing on 1-2-3 setups...
I've seen many times people showing this kind of formations here in this threat, but I don't know if they pay attention to or not....

By the way, I'm in this GBP/USD trade but it is not looking well....
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  • #3,140
  • Jul 30, 2009 6:42am Jul 30, 2009 6:42am
Quoting jplo
So, It doesn't matter at all what is happening.... just focusing on 1-2-3 setups...
That's what the thread is about. Focusing on 123 setups on 5min TF.

But remember, Feb gave us a framework, a very good framework, and you should suit it to your style. This stuff works on every TF, on some better than other. The point is, use it and make it work for you.

And... if you don't see your setup - stay out! No position is also a position.

Quoting jplo
I've seen many times people showing this kind of formations here in this threat, but I don't know if they pay attention to or not....
I cannot say about others, but I do take it into consideration. As for this thread it is irrelevant. This here is only about 123 setups/fractals on 5min TF.
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