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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)

  • #3,801
  • Aug 19, 2009 7:22am Aug 19, 2009 7:22am
At 1:1 R/R, moving Sl to BE. Target is still 21.
Quoting en0x
You might be half right.
quote=FOURX;2967805]i think trading all the breaks as fakes could be easier
[/quote]
Survive and Preserve
  • #3,802
  • Aug 19, 2009 7:25am Aug 19, 2009 7:25am
Quoting en0x
At 1:1 R/R, moving Sl to BE. Target is still 21.
[/quote]

move your stop to +21 now en
  • #3,803
  • Aug 19, 2009 7:26am Aug 19, 2009 7:26am
TP hit.

Must go clean up, good trading day, 2 wins, 1 loss , end of day up 2%

Quoting en0x
At 1:1 R/R, moving Sl to BE. Target is still 21.
[/quote]
Survive and Preserve
  • #3,804
  • Aug 19, 2009 7:47am Aug 19, 2009 7:47am
enox and pipzone.. great job with your trades.. I see stars in the making..

ask for me I took a pretty bad beating this morning as you all saw.. purely my mistake.. then I missed that brearish ride.. so double wamyyy.. I had to take couple of hours off not bcz i lost 27pips but I made silly mistake.. but i cooled off and luckly came back on time to catch that long ride and now on this bearish ride.. so feel alittle better..
my point.. its all mental after certain level.. know yourself and act accordingly..
  • #3,805
  • Aug 19, 2009 9:05am Aug 19, 2009 9:05am
The reason 123 works, I took my profit at 21 but if you played this correctly, this beast would have well cleared up all your losses today

Easy pickings today, Wednesday are nice trading days.
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Survive and Preserve
  • #3,806
  • Aug 19, 2009 9:18am Aug 19, 2009 9:18am
en0x, nice job
I've got my +21 pip on this ride too
Every moment in the market is unique.
  • #3,807
  • Aug 19, 2009 10:06am Aug 19, 2009 10:06am
hi guys i think i just had my first trade usd/jpy,cant tpost charts at mo but it was a short position 93.90 to 93.70, y 20 points in the bank could anyone look at i and tell me if i played it right

thanks
pocre
  • #3,808
  • Aug 20, 2009 12:53am Aug 20, 2009 12:53am
Eur @ 42141 triggered trade, stopped out for loss. In short on FCR reverse. Target 21
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Survive and Preserve
  • #3,809
  • Aug 20, 2009 12:56am Aug 20, 2009 12:56am
ok guys.. TAKING EVERY BREAK.. I want to clearify one thing about it that it maybe been misunderstood..
what I am refering to is taking the first break of each swing/reversal based on FCR and ride it to as much as possible.. the first opportunity.. price continuation and following 123 signals given when swing develops into a trend or runner is at higher risk and not as much as a strong signal.. bcz the second chance is maybe 50pips down the line and it could well be due for a reversal.. thats why I rather stop trail my trade based on FCR and ride it till max amount instead of taking quick profit and keep going in and out and risk getting toped or bottom picked..
now, I see some of you take your 21pips profit.. which is fine.. its a solid profit.., but basically what your saying is that.. "I am satisfy with this much profit out of this ride".. so, in order for you to get on the next high probability entery you got to either.. 1) wait for a reversal based on FCR (prices change of direction).. 2) unless price goes into a full range time for a while.. becomes a bracket look a like, and then a break of that point could be treated as a new swing/ride and its a high probability singal once again..
I tried to put this as simple as i could do.. if its not clear please let me know.. its a really a make or break issue..
  • #3,810
  • Aug 20, 2009 12:57am Aug 20, 2009 12:57am
FCR short

Quoting en0x
Eur @ 42141 triggered trade, stopped out for loss. In short on FCR reverse. Target 21
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Survive and Preserve
  • #3,811
  • Aug 20, 2009 1:02am Aug 20, 2009 1:02am
Good point, just move stop to the new FCR and let the stop take you out.

will start doing this.
Quoting fxachilies
ok guys.. TAKING EVERY BREAK.. I want to clearify one thing about it that it maybe been misunderstood..
what I am refering to is taking the first break of each swing/reversal based on FCR and ride it to as much as possible.. the first opportunity.. price continuation and following 123 signals given when swing develops into a trend or runner is at higher risk and not as much as a strong signal.. bcz the second chance is maybe 50pips down the line and it could well be due for a reversal.. thats why I rather stop trail my trade...
Survive and Preserve
  • #3,812
  • Aug 20, 2009 1:20am Aug 20, 2009 1:20am
Quoting en0x
FCR short

enox my man.. take it easy a ill.. lol.. thats not a FCR.. its too premature.. you correct FCR's are what i show in my chart..

http://cloud.forexfactory.com/images/attach/gif.gif
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  • #3,813
  • Aug 20, 2009 1:22am Aug 20, 2009 1:22am
*scratches his head.

Good thing I still have my training wheels on
Survive and Preserve
  • #3,814
  • Aug 20, 2009 1:22am Aug 20, 2009 1:22am
I suffer from premature FCR'ing...

Quoting en0x
*scratches his head.

Good thing I still have my training wheels on
Survive and Preserve
  • #3,815
  • Aug 20, 2009 1:35am Aug 20, 2009 1:35am
LL and L/H two of them.


Quoting en0x
I suffer from premature FCR'ing...
Survive and Preserve
  • #3,816
  • Aug 20, 2009 1:38am Aug 20, 2009 1:38am
Quoting en0x
LL and L/H two of them.

not yet.. it got to look like a reall dip..
  • #3,817
  • Aug 20, 2009 1:46am Aug 20, 2009 1:46am
Hmm, 3 bad trades already. I dont like trading this hour, it hurts. Maybe when a session starts things become a little more volatile, I dont know but big spikes are not fun.

Will sit out until I get home from work and look at this again.
Survive and Preserve
  • #3,818
  • Aug 20, 2009 1:46am Aug 20, 2009 1:46am
At least two of these trades are my fault
Quoting en0x
Hmm, 3 bad trades already. I dont like trading this hour, it hurts. Maybe when a session starts things become a little more volatile, I dont know but big spikes are not fun.

Will sit out until I get home from work and look at this again.
Survive and Preserve
  • #3,819
  • Aug 20, 2009 1:57am Aug 20, 2009 1:57am
Quoting en0x
At least two of these trades are my fault

i second that..lol
  • #3,820
  • Aug 20, 2009 2:01am Aug 20, 2009 2:01am
http://cloud.forexfactory.com/images/attach/gif.gif
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