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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)

  • #3,821
  • Aug 20, 2009 2:34am Aug 20, 2009 2:34am
new fcr and SL set accordingly..


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  • #3,822
  • Aug 20, 2009 2:39am Aug 20, 2009 2:39am
just exited at B/E.. #2 post 3031..
  • #3,823
  • Aug 20, 2009 2:55am Aug 20, 2009 2:55am
... second long trade and looks like is playing in similar way as the first one ...
I reckon, that only way to win with this market is patience, ... patience and more patience ...
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  • #3,824
  • Aug 20, 2009 2:59am Aug 20, 2009 2:59am
I will take my next shot.. if it breaks the level for short and if it breaks the FCR for long..
we got ourselves a pretty slow ass London open..
lets see what happens..


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  • #3,825
  • Aug 20, 2009 3:19am Aug 20, 2009 3:19am
long now.. lets see what happens..

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  • #3,826
  • Aug 20, 2009 3:53am Aug 20, 2009 3:53am
I lost my patience. I'm out from this one FCR with +3 pips
Every moment in the market is unique.
  • #3,827
  • Aug 20, 2009 4:17am Aug 20, 2009 4:17am
FCR's short at 4226.. lets see what happens..
  • #3,828
  • Aug 20, 2009 4:20am Aug 20, 2009 4:20am
how did u end up on the long trade fx???
Survive & Preserve
  • #3,829
  • Aug 20, 2009 4:29am Aug 20, 2009 4:29am
when you witness such range ass market like today so far you can apperciate days like yesterday a lot more.. I made 80+ pips yesterday counting my costly mistake and missed first bearish ride.. otherwise it would have been a field day..
today I had four tries all fakeouts end up B/E 3 of them and waiting to see what happens to this bitch ass short trade.. its all part of the game.. it could break at anytime.. when who knows.. but sooner or later it will.. just be sure your in it..
  • #3,830
  • Aug 20, 2009 4:30am Aug 20, 2009 4:30am
Quoting andrewb7
how did u end up on the long trade fx???

Breakeven..
  • #3,831
  • Aug 20, 2009 4:35am Aug 20, 2009 4:35am
hey fx , when u get a cahnce later could u post a chart with ur trades & at what position u got out, it might help us out with ur knowledge of expectancy.
cheers mate
Survive & Preserve
  • #3,832
  • Aug 20, 2009 4:47am Aug 20, 2009 4:47am
you all know I do not make predictions.. but I always have a pre concieved way of how market should move by just following the foot steps of price in the 5m time frame only.. and keep it only in back of my mind..
I see price has had numerous tires to break that level line and on top has had a few failure by making modest L/H (chart).. so price is telling me at this point that bearish breakout is more likely.. thats as far as I will go to expect anything out of the feature of this market.. all this said if price breaks one of my long FCR, I be sure to take that trade..

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  • #3,833
  • Aug 20, 2009 4:51am Aug 20, 2009 4:51am
Quoting andrewb7
hey fx , when u get a cahnce later could u post a chart with ur trades & at what position u got out, it might help us out with ur knowledge of expectancy.
cheers mate

andrew,
refer to post 3031 read explnation #1 & 2..
then if its unclear.. I walk you through..

that goes for everyone who has same concern..
  • #3,834
  • Aug 20, 2009 4:57am Aug 20, 2009 4:57am
Quoting fxachilies
andrew,
refer to post 3031 read explnation #1 & 2..
then if its unclear.. I walk you through..

that goes for everyone who has same concern..
thanks fx, will do
Survive & Preserve
  • #3,835
  • Aug 20, 2009 5:16am Aug 20, 2009 5:16am
guys what i tell you in the hindsite its useless.. thats why i do a lot of live trades for you guys and try to do my best to show every step..
we got a live example right now I entered for short based on FCR at 4226.. its a obvious fakeout.. so my next move is to exit with less damage.. I have detected the FCR the other way and moved my hard sl above that.. but now that price is sort of coming back at my direction if it acts funny and stalls and etc except a clean breakout of my entery and LL i will close this trade to stay alive to live another day..

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  • #3,836
  • Aug 20, 2009 5:22am Aug 20, 2009 5:22am
Quoting fxachilies
you all know I do not make predictions.. but I always have a pre concieved way of how market should move by just following the foot steps of price in the 5m time frame only.. and keep it only in back of my mind..
I see price has had numerous tires to break that level line and on top has had a few failure by making modest L/H (chart).. so price is telling me at this point that bearish breakout is more likely.....
Fx,

Very nice explanation of support and resistance... I agree that it is not predicting... is more like a bigger picture of the question "IF and WHEN".

Unus pro omnibus, omnes pro uno
  • #3,837
  • Aug 20, 2009 5:25am Aug 20, 2009 5:25am
this looks like its setting up for a long here
  • #3,838
  • Aug 20, 2009 5:41am Aug 20, 2009 5:41am
... as for me ... there wasn't any good reasons for closing this trade yet,
perhaps 'cos of trading regularly during a Sydney session, my approach is much less impulsive ...
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  • #3,839
  • Aug 20, 2009 5:49am Aug 20, 2009 5:49am
I got a clean break of the entery.. let see how it wil shape up from here on.. if it goes back up to around my entery I will close the trade otherwise sticking around for now.. I am finger ready..

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  • #3,840
  • Aug 20, 2009 5:56am Aug 20, 2009 5:56am
Quoting moneda
Fx,

Very nice explanation of support and resistance... I agree that it is not predicting... is more like a bigger picture of the question "IF and WHEN".


Thanks moneda.. you hit it on the nail with your last sentence..
IF and THEN .. baby..
"worth a million dollars of goods.. you all".. with jonny cashes southern accent.. lol
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