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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)

  • #4,141
  • Edited 7:13am Aug 27, 2009 6:27am | Edited 7:13am
... I'm not happy with the last trade, ... price the b***ch just missed my target
by shitty 0.5 pips and done the U-tern, so exited on break-even,
now ... getting ready for NY open ...
... just a quick change of the plan ...
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  • #4,142
  • Aug 27, 2009 7:33am Aug 27, 2009 7:33am
make that 3 losses in a row.
Another loss bites the dust. I tell you, I hate Thursdays.....
Survive and Preserve
  • #4,143
  • Aug 27, 2009 7:42am Aug 27, 2009 7:42am
Quoting DareXau
... I'm not happy with the last trade, ... price the b***ch just missed my target
by shitty 0.5 pips and done the U-tern, so exited on break-even,
now ... getting ready for NY open ...
... just a quick change of the plan ...
Hi Dare,

Agreed, harder today, but that's what it is all about.

I will post my trades later on.
Survive and Preserve
  • #4,144
  • Aug 27, 2009 8:08am Aug 27, 2009 8:08am
Who needs a good Pivot Point indicator with GMT settings:

http://www.forexfactory.com/showthre...43#post2997943
cut losses short, let profits run.
  • #4,145
  • Aug 27, 2009 8:21am Aug 27, 2009 8:21am
Quoting PaulLangham
Hi Dare,
Agreed, harder today, but that's what it is all about.
I will post my trades later on.
Yes, Paul ... the trading today is really bloody challenging, ... for a moment it looked like the third B/E in a row,
but fortunately managed with a regular profit ... ... ready for next ...
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  • #4,146
  • Aug 27, 2009 8:26am Aug 27, 2009 8:26am
Quoting DareXau
Yes, Paul ... the trading today is really bloody challenging, ... for a moment it looked like the third B/E in a row,
but fortunately managed with a regular profit ... ... ready for next ...
Hi Dare,

Can you show me which entries and exits you had please for your trades today ? Would like to see and learn.

Many thanks Pal.

Cheers
  • #4,147
  • Aug 27, 2009 9:16am Aug 27, 2009 9:16am
well looks like yankees came through again this time.. I hope people did take adv of this after such choppy day..
  • #4,148
  • Edited 9:45am Aug 27, 2009 9:31am | Edited 9:45am
Quoting DesertFX
Hi Dare,
Can you show me which entries and exits you had please for your trades today ? Would like to see and learn.
Many thanks Pal.
Cheers
Hi DesertFX,
... all entries/exits are marked on the charts, ... white line with the entry price and exit point is in box with a number of pips (+ or -)
... start of the line showing decision factor and finish of the line means entry point
... box is representing a duration of the trade, ... except break-even trades, which are marked B/E

OK, ... for me that's it today, ... another day with some fresh pips tomorrow ...
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  • #4,149
  • Aug 27, 2009 10:36am Aug 27, 2009 10:36am
Quoting DareXau
Hi DesertFX,
... all entries/exits are marked on the charts, ... white line with the entry price and exit point is in box with a number of pips (+ or -)
... start of the line showing decision factor and finish of the line means entry point
... box is representing a duration of the trade, ... except break-even trades, which are marked B/E

OK, ... for me that's it today, ... another day with some fresh pips tomorrow ...

Cheers Dare
  • #4,150
  • Aug 27, 2009 12:55pm Aug 27, 2009 12:55pm
Quoting fxachilies
well looks like yankees came through again this time.. I hope people did take adv of this after such choppy day..
Hi All,

Gee, that was like the cavalry coming to rescue for me today - those yankee boys rock !! LOL

Five trades, things were not looking too good early for me and on reflection now that it is all over I can see some missed opportunities. I was certainly thrown by the market hitting me hard early on, causing me pressure but I held on to fight my way out. Up on the day.

Second trade is -10 not +10 as shown on the chart, so started with three losers
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Survive and Preserve
  • #4,151
  • Aug 27, 2009 1:09pm Aug 27, 2009 1:09pm
hi . nice system. thanks guys
  • #4,152
  • Aug 27, 2009 2:28pm Aug 27, 2009 2:28pm
Hi guys,
refering to my chart the blue shapes are your proper enteries.. analyse it.. compare it to yours.. and let me know if you got a question or comments.. this was a rather tough day (up to before N.Y open) but an a excellent day for learning and find the flaws in your trading..

I am sure some of you might have had different enteries between my 2nd trade to 4th trade.. and i will explain why you could have avoided some.. taken some in time.. and exited some correctly and in time..

I want you to be heard and I will respond..


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  • #4,153
  • Aug 27, 2009 4:11pm Aug 27, 2009 4:11pm
Quoting fxachilies
Hi guys,
refering to my chart the blue shapes are your proper enteries.. analyse it.. compare it to yours.. and let me know if you got a question or comments.. this was a rather tough day (up to before N.Y open) but an a excellent day for learning and find the flaws in your trading..

I am sure some of you might have had different enteries between my 2nd trade to 4th trade.. and i will explain why you could have avoided some.. taken some in time.. and exited some correctly and in time..

I want you to be heard and I will respond..


http://www.forexfactory.com/images/attach/gif.gif...
Hi Fx,

I didn`t take your number three which normally I probably would have done, but I guess I was getting a bit spoofed having just taken a loser and was staring the next one in the face. Of course this went against the philosophy of taking every trade and opportunity and cost me in fact. So an error on my part there.

I also didn`t take your last trade number 6 as I was all in by that stage.

Thanks.
Survive and Preserve
  • #4,154
  • Aug 27, 2009 10:05pm Aug 27, 2009 10:05pm
Quoting PaulLangham
Hi Fx,

I didn`t take your number three which normally I probably would have done, but I guess I was getting a bit spoofed having just taken a loser and was staring the next one in the face. Of course this went against the philosophy of taking every trade and opportunity and cost me in fact. So an error on my part there.

I also didn`t take your last trade number 6 as I was all in by that stage.

Thanks.
Hi Paul,
After reviewing your trades the only thing stood to me was your third trade.. based on my observation.. is late and out of place. your second trade should have been closed a bit earilier right after the FCR breakout and of course quickly entering short right there based on the same FCR as your third trade, by doing so you would have been still in the short trade so no need to enter short again at where you have entered for your third trade.. I think you realize that yourself too.. I really like your fourth trade as you gave it room and stood patience to get your 21.. impressive.

Now to all.. check it out guys..
What is great about this whole thing is that we can trade in the worst time of price display (range time..choppy monster, sometimes) and still come out ahead for the day in most times.. (living prove example.. Paul traded the worst part of the day.. he got 4 trades in.. two losers.. two winners.. paul is +10 pips.. not to take in count that he had one mistake).. and when price is out of range time, alive and kicking, we can really do a killing.. like yesterday or even like today after NY open..
BUT, BUT, BUT... necessary ingredients are..
(besides a solid logical commonsense PA reading skill and of course also a solid expectancy skill..
-need to be in the mix of things.. taking every break.. (the one you miss will be the one that your looking for).. "got a be in it to win it".. price can break away at anytime anywhere in the 5m chart.
-Patience.. holding your ground.. not being decieved to early (there is a retrace after every move).
Now don't misinterpert what i mean by patience.. it don't mean to give your trade extra extra room based on hope.. hoping for the price to turn back in your direction then endup with a 40+ pips sl.
Now listen close.. I break down what i exactly mean in simplest way that i can put this.. we got a patience A & patience B..
patience A) extended profitability. when price is going in your favor.. be patience enough to led the price reach your target and more.. give it just enough chance to breath for a possible runner and exit at max or bigger than normal 21pips profit.. don't run away over a hiccup or so.
patience B) surviving. when you got handed a fakeout or semi fakeout.. to be patience enough to wait for the retrace and exit at BE or close to it for smaller loss.. just enough chance to see how price will react to a particular area such as FCR line, LL/HH line, countituation line..etc (keeping your head above the water.. fight to live another day).. not to get greedy once you see price is turning back in your favor and get too excited the unrealistic to hang around and fall into hope and wish factor.. very important.

Ok now.. if I were you I would mix up the explanation 1 & 2 out of post 3031 and this post patience A & B.. put it all together and use it as a solid foundation and an a guide (as fxachilies does everyday) for both: survive this market and to extend profitablity in this market, while taking constant shot in a constant changing enviroment.

When I put out a posts such as this, I put alot of thought process into as how better I explain in a simple enough manner my thinking process in the heat of battle, reall time, in pursue to help you to be able to do the same and lead you to better results.. what i preach is exactly what I do.. I hope you understand that it is not easy to put them to words sometimes when it gets to such sticky mental stuff.. but i do my best and I hope it helps you out..

I could not sleep well tonight for some reason.. so decided to see whats the action with a asian session for once.. I must say it sucks ass.. lol.. its in the range of 12 pips for the last two hours.. good God.. can't get any FCR's on that.. lol.. i stick with Brits and Yankees.. but it worked out for you guys and it made me to come up with this long ass post.. I apologize ahead.

see you all for Londi open..
  • #4,155
  • Aug 27, 2009 11:19pm Aug 27, 2009 11:19pm
Quoting fxachilies
I could not sleep well tonight for some reason.. so decided to see whats the action with a asian session for once.. I must say it sucks ass.. lol.. its in the range of 12 pips for the last two hours.. good God.. can't get any FCR's on that.. lol.. i stick with Brits and Yankees.. but it worked out for you guys and it made me to come up with this long ass post.. I apologize ahead.
see you all for Londi open..
Hi fxachilies,
Great post mate ... ... really appreciate this and of course any other staff you're putting to the thread,
re: Sydney/Tokyo session today it truly sucks, but after 150 pips runner is hard to expect any big movement to continue,
perhaps a little bit of the consolidation may be a healthy sign, lets see what brings London open ...
See you soon.
  • #4,156
  • Aug 28, 2009 12:29am Aug 28, 2009 12:29am
Let Friday begin
Quoting DareXau
Hi fxachilies,
Great post mate ... ... really appreciate this and of course any other staff you're putting to the thread,
re: Sydney/Tokyo session today it truly sucks, but after 150 pips runner is hard to expect any big movement to continue,
perhaps a little bit of the consolidation may be a healthy sign, lets see what brings London open ...
See you soon.
Survive and Preserve
  • #4,157
  • Aug 28, 2009 1:59am Aug 28, 2009 1:59am
Quoting DareXau
Hi fxachilies,
Great post mate ... ... really appreciate this and of course any other staff you're putting to the thread,
re: Sydney/Tokyo session today it truly sucks, but after 150 pips runner is hard to expect any big movement to continue,
perhaps a little bit of the consolidation may be a healthy sign, lets see what brings London open ...
See you soon.
Thanks friend..
looks like a bearish breakout.. I got in but afew pips late bcz I wasn't infront of my system.. so took it anyways.. lets see what happens..
http://www.forexfactory.com/images/attach/gif.gif
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  • #4,158
  • Aug 28, 2009 2:03am Aug 28, 2009 2:03am
I was in from break of 4351

Stop now above the minor FCR? actually put it at 4372 just out of the heat.

Is this correct?


Quoting fxachilies
Thanks friend..
looks like a bearish breakout.. I got in but afew pips late bcz I wasn't infront of my system.. so took it anyways.. lets see what happens..
http://www.forexfactory.com/images/attach/gif.gif
Survive and Preserve
  • #4,159
  • Aug 28, 2009 2:16am Aug 28, 2009 2:16am
Quoting fxachilies
Hi Paul,
After reviewing your trades the only thing stood to me was your third trade.. based on my observation.. is late and out of place. your second trade should have been closed a bit earilier right after the FCR breakout and of course quickly entering short right there based on the same FCR as your third trade, by doing so you would have been still in the short trade so no need to enter short again at where you have entered for your third trade.. I think you realize that yourself too.. I really like your fourth trade as you gave it room and...
Hi Fx,

I want to say tha this post is pure gold.

Anyone comming onto this thred, newcomer, intermediate or experienced would do well to read and re-read what you are saying here. It doesn't get any better than this folks.

Guys, this stuff isnj't to be found in books, seminars, or in company training rooms for that matter, it's pure gold and will give you such an advantage if you can take it on board and trade it as written.

I am sincerely thankful for your continued contribution and I can understand and concur when you say that you put a lot of thought into just one post like this.

Thanks.
Survive and Preserve
  • #4,160
  • Aug 28, 2009 2:17am Aug 28, 2009 2:17am
Quoting en0x
I was in from break of 4351

Stop now above the minor FCR? actually put it at 4372 just out of the heat.

Is this correct?

yes its correct.. that you hard sl as a protection..
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