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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)

  • #4,021
  • Aug 25, 2009 6:43am Aug 25, 2009 6:43am
this looks like a artificial move.. a FCR reversal move would be great here for 50+ pips down the line.. wishfull thinking... for once maybe the yankees will come through.. ohhhhhhh thats right i said it.. yankee fans.. lol
  • #4,022
  • Aug 25, 2009 6:44am Aug 25, 2009 6:44am
FX, correct me if I am wrong? We had a big move here so arnt we now looking for a correction then a bracketbreackout to trade?
Quoting Ogna
Hello everyone,
Im looking for a fractical to form on. maybe we can make some pips here
Survive and Preserve
  • #4,023
  • Aug 25, 2009 6:44am Aug 25, 2009 6:44am
i took the break long for +21 pips, has been a good nite so far, lets hope it continues
Survive & Preserve
  • #4,024
  • Aug 25, 2009 6:46am Aug 25, 2009 6:46am
What we should be monitoring is a pull back ... then a continuation.

so Far move started roughly from 1.4285 to 1.4335 approx (50 pips) ... lets see if there is a pull back then a continuation. I guess a text book pullback would be to 1.4315/10 then a return to the original direction i.e. a bullish move higher.
  • #4,025
  • Aug 25, 2009 6:49am Aug 25, 2009 6:49am
BE CAREFUL. As average range recently has been roughly 130 pips. (So far low approx 1.4250 - 1.4335 = 85pips) ... so be cautious not to enter too late in the game now on the upside. We have alreadly had 2 upswings in this bullish move.
  • #4,026
  • Aug 25, 2009 6:50am Aug 25, 2009 6:50am
Quoting en0x
FX, correct me if I am wrong? We had a big move here so arnt we now looking for a correction then a bracketbreackout to trade?
good question enox,

for short.. i look for FCR to form.. and trade it witout hesitaion.. must look like a dig and a double top..

for long.. I look for bracket to form.. price range of atleast an hour going side way with afew failures on both side..
  • #4,027
  • Aug 25, 2009 6:52am Aug 25, 2009 6:52am
Quoting andrewb7
i took the break long for +21 pips, has been a good nite so far, lets hope it continues

nice job andrew.. with a million dollar finger.. star in the making..
  • #4,028
  • Aug 25, 2009 6:56am Aug 25, 2009 6:56am
Good morning,

Be patient guys....the river card is coming around 8am NY.

Unus pro omnibus, omnes pro uno
  • #4,029
  • Aug 25, 2009 7:01am Aug 25, 2009 7:01am
Quoting DesertFX
BE CAREFUL. As average range recently has been roughly 130 pips. (So far low approx 1.4250 - 1.4335 = 85pips) ... so be cautious not to enter too late in the game now on the upside. We have alreadly had 2 upswings in this bullish move.

guys.. if you did not enter at the first opportunity at 4309.. let it be.. you could easily get toped picked
if you did enter like Andrew but took profit also let it be
but if you did enter at first opportunity and still in the trade don't close till faced with major threat.. play #1 and enjoy the countiuation if its a clear break of H/H..
be disciplined.. as crazy as i am.. but i am only watching this at this time.. bcz i missed the ride at the first chance and I will not get cut in the middle of fire..
  • #4,030
  • Aug 25, 2009 7:02am Aug 25, 2009 7:02am
Quoting moneda
Good morning,

Be patient guys....the river card is coming around 8am NY.


.. i like that mon..
  • #4,031
  • Aug 25, 2009 7:20am Aug 25, 2009 7:20am
i get out BE because that bearish candle.
annoying!!!!!!!!!!!!!!!!
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it's a huge gap tony, a huge gap.
  • #4,032
  • Aug 25, 2009 7:25am Aug 25, 2009 7:25am
Fractal in the making
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  • #4,033
  • Aug 25, 2009 7:27am Aug 25, 2009 7:27am
Quoting gevellber02
i get out BE because that bearish candle.
annoying!!!!!!!!!!!!!!!!

Gev ... I think we merely focussing on EURUSD here.

It seems the consensus to ensure the topic of discussion does not get diluted, we focus on one currency pair, one time frame, and one style of trading.
  • #4,034
  • Aug 25, 2009 7:34am Aug 25, 2009 7:34am
Quoting fxachilies
.. i like that mon..
FX,

You liked that one eh?.... you must be a poker player!

Maybe the market will show us its hands after the news.

Good luck to all
Unus pro omnibus, omnes pro uno
  • #4,035
  • Aug 25, 2009 7:35am Aug 25, 2009 7:35am
Quoting DesertFX
Gev ... I think we merely focussing on EURUSD here.

It seems the consensus to ensure the topic of discussion does not get diluted, we focus on one currency pair, one time frame, and one style of trading.
i don't see any problem. same time frame, same style of trading!
it's a huge gap tony, a huge gap.
  • #4,036
  • Aug 25, 2009 7:37am Aug 25, 2009 7:37am
guning for the short based on FCR.. my orders are set..


http://cloud.forexfactory.com/images/attach/gif.gif
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  • #4,037
  • Aug 25, 2009 7:38am Aug 25, 2009 7:38am
Quoting fxachilies
good question enox,

for short.. i look for FCR to form.. and trade it witout hesitaion.. must look like a dig and a double top..

for long.. I look for bracket to form.. price range of atleast an hour going side way with afew failures on both side..

Hi FX,

Just seeking clarification and trying to understand FCR. If price breaks 1.4319, you will sell? Thank you.

fxpilot
  • #4,038
  • Aug 25, 2009 7:39am Aug 25, 2009 7:39am
Summary of action today.

Also be careful news coming out in about 20 mins ... CaseShiller in the States.
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  • #4,039
  • Aug 25, 2009 7:41am Aug 25, 2009 7:41am
Quoting fxachilies
guning for the short based on FCR.. my orders are set..


http://cloud.forexfactory.com/images/attach/gif.gif

I think we could have a bracket in the making FX ... News coming out in 20 mins ... so we could see some action if numbers are out of consensus.
  • #4,040
  • Aug 25, 2009 7:42am Aug 25, 2009 7:42am
BE CAREFUL ALL .... News coming out soon.
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