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We all need pivots to win..yes or not? 13 replies

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The System II (Yes with irony)

  • #3,601
  • Aug 12, 2009 5:38am Aug 12, 2009 5:38am
Why did you trade the loss? It shouldnt have triggered if you follow the rule of placing your order 2 pips past the break ? My short at level never trigged, was 1 pip away. I guess there is a reason Feb says places it 2 pips away from break.
Survive and Preserve
  • #3,602
  • Aug 12, 2009 5:50am Aug 12, 2009 5:50am
TRade on.
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Survive and Preserve
  • #3,603
  • Aug 12, 2009 5:52am Aug 12, 2009 5:52am
Doenst the open of NYC normally drop the EU pair? I hope not..
Survive and Preserve
  • #3,604
  • Aug 12, 2009 5:53am Aug 12, 2009 5:53am
Quoting en0x
Why did you trade the loss? It shouldnt have triggered if you follow the rule of placing your order 2 pips past the break ? My short at level never trigged, was 1 pip away. I guess there is a reason Feb says places it 2 pips away from break.
Hello to all,

Waiting for the close of the candle = less fakeouts

Unus pro omnibus, omnes pro uno
  • #3,605
  • Aug 12, 2009 5:56am Aug 12, 2009 5:56am
Yes yes it does, but the flip side is that you very much can miss a runner.

My question to you, are we waiting for the candle close in this method? I though we using limit orders to enter with?
Survive and Preserve
  • #3,606
  • Aug 12, 2009 5:58am Aug 12, 2009 5:58am
Quoting en0x
Why did you trade the loss? It shouldnt have triggered if you follow the rule of placing your order 2 pips past the break ? My short at level never trigged, was 1 pip away. I guess there is a reason Feb says places it 2 pips away from break.
Hi en0x, I took the same loss as Pipzone. It depends on your feed. For me the previous low was broken by 2.4 pips, so the trade was triggered by just 0.4 pip. Still, plenty of opportunities to get it back and more.
Too tired to argue. Too old to care.
  • #3,607
  • Aug 12, 2009 6:00am Aug 12, 2009 6:00am
Fair enough , 0.4 pips, jeez. Damn them
Survive and Preserve
  • #3,608
  • Aug 12, 2009 6:07am Aug 12, 2009 6:07am
Closed for -1. I dont see those candles closing above the S/R line I drew , dont trust this trade for some reason I cant really see. NYC open, candles not closing over break, no follow through momentum. Heck shouldnt pick and choose but closed out. Will look for others once NYC establishes its day.

Quoting en0x
TRade on.
Survive and Preserve
  • #3,609
  • Aug 12, 2009 6:11am Aug 12, 2009 6:11am
Hi,
i am using gann grid and looking good in all pairs.

http://www.forexfactory.com/t/171202...trading-1.html

Good Luck
  • #3,610
  • Aug 12, 2009 6:13am Aug 12, 2009 6:13am
Quoting moneda
If Yogi Berra had been a Forex trader he probably would have said that "90% of trading is half mental"
Good Day Moneda,
I fully agree with you. Thats why we tend (not specifical here, but anywhere on trading boards) to only post our winners. We are not trained or even tought how to loose in life. This starts already in our childhood. You can watch this on every playground and every sandbox how mummies and daddys teach their children how to be the "winner".
You have to be the winner in school, university, and in your job.
And yes, we are all greedy and full of fear. In every aspect of our life. Anyone who denies this is maybe deceiving himself.But we can work on it!

This aspect is the very interresting part in trading, that we have to go very deeply in our mindset and confront us with all these psychological aspects of life...I believe that this is why "sucessfull" traders ( I mean consistantly) are very balanced and humble people.

btw today is great trading and I made 58 pips so far, and still full of ammo....
let us get the prey!!
  • #3,611
  • Aug 12, 2009 6:21am Aug 12, 2009 6:21am
Hi Julias,

Nice post. Enjoy your take on things, yes, trading has been good +63 today, and plenty of ammo in the ammo box myself , i really like that ammo thing you guys spoke about yesterday and started doing it myself. Such a great idea.




Quoting julias
Good Day Moneda,
I fully agree with you. Thats why we tend (not specifical here, but anywhere on trading boards) to only post our winners. We are not trained or even tought how to loose in life. This starts already in our childhood. You can watch this on every playground and every sandbox how mummies and daddys teach their children how to be the "winner".
You have to be the winner in school, university, and...
Survive and Preserve
  • #3,612
  • Aug 12, 2009 6:33am Aug 12, 2009 6:33am
Quoting en0x
Why did you trade the loss? It shouldnt have triggered if you follow the rule of placing your order 2 pips past the break ? My short at level never trigged, was 1 pip away. I guess there is a reason Feb says places it 2 pips away from break.
Yes, I know, it was my falt I didn't follow the rule But I've got very usefull lesson I'm still learning.
Every moment in the market is unique.
  • #3,613
  • Aug 12, 2009 6:59am Aug 12, 2009 6:59am
Quoting en0x
Yes yes it does, but the flip side is that you very much can miss a runner.

My question to you, are we waiting for the candle close in this method? I though we using limit orders to enter with?
en0x,

There is always a flip side to things.... At this point in this thread people may not be waiting for the close of the candle. Feb mentioned waiting for the close many times in this thread. I believe specially as you start using this method and during periods of chopiness that it is less wear and tear of our emotions/mind. The question we can ask ourselves is ... do we have a handle on our risk management? Do we have the mental fortitude and skills to handle numerous fakeouts if we do not wait for the close of the candle? imo, Feb may have insisted on waiting for the close of the candle as a safety net... not sure..maybe he can clear this up for us.

Good luck.
Unus pro omnibus, omnes pro uno
  • #3,614
  • Aug 12, 2009 7:08am Aug 12, 2009 7:08am
....btw today is great trading and I made 58 pips so far, and still full of ammo....
let us get the prey!![/quote]

Julias,

Congrats on your trade...and don't forget that the ones that you did not win also help you get there!
Unus pro omnibus, omnes pro uno
  • #3,615
  • Aug 12, 2009 8:38am Aug 12, 2009 8:38am
hi guys,
todays trade for me, currently on the long one
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  • #3,616
  • Aug 12, 2009 8:54am Aug 12, 2009 8:54am
Quoting anthony500
hi guys,
todays trade for me, currently on the long one
I had the same trade but i closed for 15+
  • #3,617
  • Aug 12, 2009 9:14am Aug 12, 2009 9:14am
closed last for 0.4% gain, could have done better but it's always easy to say that after seeing the action. now I 'm in again let's see
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  • #3,618
  • Aug 12, 2009 9:20am Aug 12, 2009 9:20am
just got out at B/E , price not moving quickly enough in the right direction and stalling
  • #3,619
  • Aug 12, 2009 10:09am Aug 12, 2009 10:09am
I made a nice 40ish pips today
  • #3,620
  • Aug 12, 2009 10:53am Aug 12, 2009 10:53am
Quoting Ogna
I made a nice 40ish pips today
well done ! :-)

I m' out for today too, I don't count the pips anymore but made 2.28% of my account today. Today was a bit easier to trade, see you tomorrow.
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