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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)

  • #3,341
  • Aug 4, 2009 5:46pm Aug 4, 2009 5:46pm
Tokyo Session?

The vast majority of the time... it is... gay. That being said... using this methodology, or desicion making framework... you should still come out on top or at around Break Even.
"If it bleeds ... we can kill it"
  • #3,342
  • Aug 4, 2009 8:03pm Aug 4, 2009 8:03pm
Quoting Ogna
What do you guys think about the tokyo session?
Do you think it is good to trade with this style?
Well, ... give it a trial, I'm usually starting my trading day from Sydney open and don't complain too much,
definitely it's different if compared to London session, ... generally slower, swings are smaller, but not always.
During Sydney/Tokyo, I may do on average about 2 or 3 trades, which isn't a great deal, but ...
over the week that's add-up and resulting in a quite few thousands of dollars.
Pips are everywhere and anytime, it only depends on you, how to get them on your side.
  • #3,343
  • Aug 5, 2009 12:48am Aug 5, 2009 12:48am
Good morning to all of you...
I've waked up earlier as usual, and I'm still a little bit slept...
Anyone waiting for this trade?
short @ 1.4387
I don't usually trade this hours, could be the Frankfurt open deceiving?
It is OK trading just on diferent sessions open, or it is better just let it open and see the true colors after a certain time?...
I've read that it is good trading the first session swing, so ....
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  • #3,344
  • Aug 5, 2009 1:11am Aug 5, 2009 1:11am
good morning jplo,

I'm with you
Every moment in the market is unique.
  • #3,345
  • Aug 5, 2009 1:20am Aug 5, 2009 1:20am
I'm still waiting.
I don't like to run away.
Every moment in the market is unique.
  • #3,346
  • Aug 5, 2009 1:43am Aug 5, 2009 1:43am
Quoting jplo
Re-joining @ 1,4389 ... when seeing it could not make a higher high on 5M TF and when it breaks the fractal on 1M...
jp,
please do not post other charts then 5m.. 1m chart is a different animal..
it confuses people..

Thank you.
  • #3,347
  • Edited 2:05am Aug 5, 2009 1:54am | Edited 2:05am
Quoting fxachilies
jp,
please do not post other charts then 5m.. 1m chart is a different animal..
it confuses people..

Thank you.
Sorry.....
I'm gonna deleted them

My target hitted at +20 pips....

I supossed like your Pipzone
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  • #3,348
  • Aug 5, 2009 2:03am Aug 5, 2009 2:03am
Quoting jplo
Re-joining @ 1,4389 ... when seeing it could not make a higher high on 5M TF and when it breaks the fractal on 1M...

jp,
your sell entery is not a fractal breakout thats no more than a hiccup.. I think you are still misinterperting fractals.. fractals in your 1m chart is either the bottom of the dip above your sell entery or the previous dip below your sell entery..

look at my 5m chart as see what fractals are and what proper fractal entery is..
http://cloud.forexfactory.com/images/attach/gif.gif
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  • #3,349
  • Aug 5, 2009 2:12am Aug 5, 2009 2:12am
Closed with +5pips because London sesion was opening

Attached Image (click to enlarge)
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I hate when i miss 1 or 2 pips to hit the target
But that's ok, I got 5 pips and I will get new oportunities

P.S. Sorry for my english
Every moment in the market is unique.
  • #3,350
  • Aug 5, 2009 2:14am Aug 5, 2009 2:14am
Quoting fxachilies
jp,
your sell entery is not a fractal breakout thats no more than a hiccup.. I think you are still misinterperting fractals.. fractals in your 1m chart is either the bottom of the dip above your sell entery or the previous dip below your sell entery..

look at my 5m chart as see what fractals are and what proper fractal entery is..
http://cloud.forexfactory.com/images/attach/gif.gif
I was based on this fractal breakout (pic), not on the previous mini-resistence level .....
Price broke below the previous retracement low, and I push the sell buttom 2 pips below this low
I think it is the same fractal concept as yours, but maybe I don't pointed out it well on my chart...
Isn't it?
If not, I wish you to corrected me in order to definitely improve my view on this subjet...
Thanks for your review
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  • #3,351
  • Aug 5, 2009 2:16am Aug 5, 2009 2:16am
i ended getting in a bit later than u guys & took +3 pips , it didnt want to go past 67 -70 ish area so got out
andrew
Survive & Preserve
  • #3,352
  • Aug 5, 2009 2:18am Aug 5, 2009 2:18am
I am long based on this fractal reversal entery.. this is a live example..

http://cloud.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
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  • #3,353
  • Aug 5, 2009 2:22am Aug 5, 2009 2:22am
Quoting fxachilies
I am long based on this fractal reversal entery.. this is a live example..

http://cloud.forexfactory.com/images/attach/gif.gif
When you base a trade in a fractal like this one...
Do you still apply the 1:1 rule?
I mean the stop-loss is given to you by the market and the previous lower low in this case, so do you set your target at 1:1 Risk/Reward?
  • #3,354
  • Aug 5, 2009 2:26am Aug 5, 2009 2:26am
Quoting jplo
I was based on this fractal breakout (pic), not on the previous mini-resistence level .....
Price broke below the previous retracement low, and I push the sell buttom 2 pips below this low
I think it is the same fractal concept as yours, but maybe I don't pointed out it well on my chart...
Isn't it?
If not, I wish you to corrected me in order to definitely improve my view on this subjet...
Thanks for your review

ok its much clear for me now.. that is fine you can take that fractal reversal.. but I personaly would rather take the next one as to compare with this one bcz it looks a bit premature.. just to be in the safe side.. but it did workout nicely for you and thats great..
  • #3,355
  • Edited 3:52am Aug 5, 2009 2:31am | Edited 3:52am
Good morning, a possible 123 setup...

10:51 ...filled at 1,4394

11:15 ...increased TP to 1,4420 (top of channel)

11:33 ...adjust SL to 1,43919

11:37 ...SL got hit at 1,43918. Loss 2,2 pips.
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  • #3,356
  • Aug 5, 2009 2:37am Aug 5, 2009 2:37am
Quoting jplo
When you base a trade in a fractal like this one...
Do you still apply the 1:1 rule?
I mean the stop-loss is given to you by the market and the previous lower low in this case, so do you set your target at 1:1 Risk/Reward?

I try my best to keep my risk below 1:1.. anything under 25pips is at 1:1 for me anyways.. bcz I mostly intend to take profit above 25pips.
i keep my sl away from heat (where market been there recently, bcz there might be pending orders still there and price might test that area still).. and I rearly let it be hit and if price moves in my favor I move my sl to get a better rr ratio.. I am a scalper with a bit of mix.. more patience and give my trade a room to breath.. my risk tolerant is above normall and at some point of one's trading career this need to be developed and add to arsenal, in my opinion..
  • #3,357
  • Aug 5, 2009 2:43am Aug 5, 2009 2:43am
hey fxachilies,

love this method of trading, i have been monitoring it for 3 month or so,then i came across this thread on monday (thanks to feb2865).

i am working my way through (up to page 96), and i see that in febs absence you have been responsible for keeping it alive, well done!. i will be joining you when i have completly read and digested the whole thread.

i see that reading current posts you are using fractals,when were these introduced to the method,and by whom?

thanks, keep up the good work
  • #3,358
  • Aug 5, 2009 2:56am Aug 5, 2009 2:56am
Quoting fxachilies
I try my best to keep my risk below 1:1.. anything under 25pips is at 1:1 for me anyways.. bcz I mostly intend to take profit above 25pips.
i keep my sl away from heat (where market been there recently, bcz there might be pending orders still there and price might test that area still).. and I rearly let it be hit and if price moves in my favor I move my sl to get a better rr ratio.. I am a scalper with a bit of mix.. more patience and give my trade a room to breath.. my risk tolerant is above normall and at some point of one's trading career this...
So, sometimes you get less than 1:1 RR, but theoretically safer because you are giving more room to the trade to unfold setting your stop far from the heat....
You said you rarely let your stop be hitted, but how do you difference between giving room to the trade and when you have to cut out the trade because it is going wrong?... Is it about your expectancy skills?
Thanks for helping
  • #3,359
  • Aug 5, 2009 2:58am Aug 5, 2009 2:58am
example of a new a fractal on the recent swing.. (gray line)..

and now my sl is right below it.. and my tp wider..

jp,
now my rr ratio is even less than 1:1..

http://cloud.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
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  • #3,360
  • Aug 5, 2009 3:01am Aug 5, 2009 3:01am
Quoting FOURX
hey fxachilies,

love this method of trading, i have been monitoring it for 3 month or so,then i came across this thread on monday (thanks to feb2865).

i am working my way through (up to page 96), and i see that in febs absence you have been responsible for keeping it alive, well done!. i will be joining you when i have completly read and digested the whole thread.

i see that reading current posts you are using fractals,when were these introduced to the method,and by whom?

thanks, keep up the good work
I welcome you to the thread..
read the whole thing and by the time your done you will automaticly recieve a lot of your answers..
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