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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)

  • #4,181
  • Aug 28, 2009 5:38am Aug 28, 2009 5:38am
anthony & enox.. nice job with your trades and staying on top of it.. I see from your chars anthony that you are useing solid expectancy decision.. Bravo.. keeps it up
  • #4,182
  • Aug 28, 2009 5:44am Aug 28, 2009 5:44am
Quoting en0x
Oh wait, just got it
BB = Breakout bracket ...
NO.. BB = 1-2-3 setup.. our Bread and Butter.. foundation of our PA reading in here..
  • #4,183
  • Edited 5:59am Aug 28, 2009 5:49am | Edited 5:59am
Hi Fxachilies,

Your willingness to share and help us all is deeply appreciated. I have noticed that you have Breakout Brackets on your charts. Are these similar to Bollinger Bands and what are your settings. Also, could you clarify how you use them to compliment this strategy. Thank you.

fxpilot
  • #4,184
  • Aug 28, 2009 5:53am Aug 28, 2009 5:53am
lets see if the boys fron NYC can bring us some pips.
Survive and Preserve
  • #4,185
  • Aug 28, 2009 6:19am Aug 28, 2009 6:19am
Quoting fxpilot
Hi Fxachilies,

Your willingness to share and help us all is deeply appreciated. I have noticed that you have Breakout Brackets on your charts. Are these similar to Bollinger Bands and what are your settings. Also, could you clarify how you use them to compliment this strategy. Thank you.

fxpilot
completley ignor that bracket looking lines in my chart.. its just there for looks.. it has nothing to do with my trading.. i have mentionded that in the past also..

thank you.
  • #4,186
  • Aug 28, 2009 6:23am Aug 28, 2009 6:23am
Following the thread and doing better today, will post trades and charts later today.
Survive and Preserve
  • #4,187
  • Aug 28, 2009 7:08am Aug 28, 2009 7:08am
ok.. I like to take the short of the break of most recent FCR 4355..
price reacted with a bounce of the todays High and now looks like a double top forming and the break of this point looks Ideal.. thats the best you can do to make something out of a 50 pips range day..
  • #4,188
  • Aug 28, 2009 7:16am Aug 28, 2009 7:16am
I'm also getting ready to go short on that one...
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  • #4,189
  • Aug 28, 2009 7:28am Aug 28, 2009 7:28am
I am still long, back to break even now, formed double bottom...
Survive and Preserve
  • #4,190
  • Aug 28, 2009 7:35am Aug 28, 2009 7:35am
Has anybody made a profit today?

I have tried not to get out of positions except only if stopped out due to moving my stop to FCR, and so far pretty much all losses, except one BE. How is everyone else because I think I have totally messed this up. again.
Survive and Preserve
  • #4,191
  • Aug 28, 2009 7:39am Aug 28, 2009 7:39am
Quoting en0x
Has anybody made a profit today?

I have tried not to get out of positions except only if stopped out due to moving my stop to FCR, and so far pretty much all losses, except one BE. How is everyone else because I think I have totally messed this up. again.
enox, check my trades above so far good day as I have 1 losing trade and 4 winners...

right now short
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  • #4,192
  • Aug 28, 2009 7:39am Aug 28, 2009 7:39am
Just want to make sure I didnt do something I should have.

Quoting en0x
Has anybody made a profit today?

I have tried not to get out of positions except only if stopped out due to moving my stop to FCR, and so far pretty much all losses, except one BE. How is everyone else because I think I have totally messed this up. again.
Survive and Preserve
  • #4,193
  • Aug 28, 2009 7:40am Aug 28, 2009 7:40am
How or when are your profit taking?

Quoting anthony500
enox, check my trades above so far good day as I have 1 losing trade and 4 winners...

right now short
Survive and Preserve
  • #4,194
  • Aug 28, 2009 7:42am Aug 28, 2009 7:42am
Hello to all,

No, I have not but I when I can get out of a losing trade and only loose a few pips or breakeven... for me that is almost just as sastifying as making a profit... it confirms that if I can control my loses..the rest will take care of itself.
Unus pro omnibus, omnes pro uno
  • #4,195
  • Aug 28, 2009 7:50am Aug 28, 2009 7:50am
http://www.forexfactory.com/images/attach/gif.gif
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  • #4,196
  • Aug 28, 2009 7:55am Aug 28, 2009 7:55am
Quoting en0x
Has anybody made a profit today?
I have tried not to get out of positions except only if stopped out due to moving my stop to FCR, and so far pretty much all losses, except one BE. How is everyone else because I think I have totally messed this up. again.
Don't fall in love with your trades, no matter how good they may to look ...
re: profit today, ... is not that bad for such a narrow range ...
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  • #4,197
  • Aug 28, 2009 8:06am Aug 28, 2009 8:06am
guess what one more fakeouts.. so playing #2..
  • #4,198
  • Aug 28, 2009 8:07am Aug 28, 2009 8:07am
Quoting en0x
How or when are your profit taking?
Trade 3 and 5 were taken out as price bounced on a resistance area, that helped me get out of those trades but it's not the only element. I also use price speed and rythm and form of the candle (trade number 4 for example).
I also aim for 1% gain on each of my trades. If I am over 0.75% I tend to hit the exit button a bit easier. But again it depends on the price movement as I could still miss a runner which could make me much more than 0.75% .

So it's not an exact science
  • #4,199
  • Aug 28, 2009 8:08am Aug 28, 2009 8:08am
I pulled the plug on the short. I am not going to hope this turns profitable, this has turned really fast.

Closed on -5.

5/5 losses so far. That would make 10 straight losses in two days.

Anyways, keep trying to get these "runners" and not setting target profits. At the very least its going to teach me discipline,never a bad thing.
Survive and Preserve
  • #4,200
  • Aug 28, 2009 8:12am Aug 28, 2009 8:12am
Quoting anthony500
Trade 3 and 5 were taken out as price bounced on a resistance area, that helped me get out of those trades but it's not the only element. I also use price speed and rythm and form of the candle (trade number 4 for example).
I also aim for 1% gain on each of my trades. If I am over 0.75% I tend to hit the exit button a bit easier. But again it depends on the price movement as I could still miss a runner which could make me much more than 0.75% .

So it's not an exact science
and thats the way it is.. everyone will eventually firgure things out on there own for there best interest based on personality and personal agenda and make it work for there own..
nice explanation anthony..
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