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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)

  • #4,921
  • Sep 9, 2009 1:21am Sep 9, 2009 1:21am
OK - is that because momentum has failed - therefore expectancy turns to ever-weakening hope?

Mac
$urvive, Pre$erve & RESPECT THE TEACHER
  • #4,922
  • Sep 9, 2009 1:30am Sep 9, 2009 1:30am
guys a bit of PA reading to keep in the backburner..
you see that long full 14pips bullish candel.. that is a strong move in the price range that we are working today..
so it tells me two things..
1) to get out of your short order on the first opportunity ( as i did without hesitation and advised you to do it too)
2) the break of L/L may not be as strong..
3)either there will be a stong bullish move to follow after the classic 123 or fcr.. or choppmonster for awhile.

thats one way as to how i detect the choppmonster early sometimes.. and not get involve on such countinuation breaks unless its a very strong momentum in the price is build prior to the break and clean cross.. or just simply wait for some range time to form and trade of bracket or fcr..

I am tring to put things to words as to the best on I can.. please read and absorb and force your brains.. go back to your trades and analyse them..and soforth..

anyways right now its stalling time..
  • #4,923
  • Sep 9, 2009 1:32am Sep 9, 2009 1:32am
Yup,

"What am I in this trade for?" - it makes sense. It's going nowhere and I'm minus 10. I've exited.

Mac
$urvive, Pre$erve & RESPECT THE TEACHER
  • #4,924
  • Sep 9, 2009 1:33am Sep 9, 2009 1:33am
Quoting mac1956
OK - is that because momentum has failed - therefore expectancy turns to ever-weakening hope?

Mac
yes... but its also about what you see with your naked eye and showing discipline as to sticking with the plan preserving afew pips instead of losing afew.. in the long run it goes a long way..
  • #4,925
  • Sep 9, 2009 1:38am Sep 9, 2009 1:38am
Quoting fxachilies
guys a bit of PA reading to keep in the backburner..
you see that long full 14pips bullish candel.. that is a strong move in the price range that we are working today..
so it tells me two things..
1) to get out of your short order on the first opportunity ( as i did without hesitation and advised you to do it too)
2) the break of L/L may not be as strong..
3)either there will be a stong bullish move to follow after the classic 123 or fcr.. or choppmonster for awhile.

thats one way as to how i detect the choppmonster early sometimes.. and not...
Very useful stuff here ..
It is a perfect example of live PA reading with all the details....
Thanks for sharing with us Fx
  • #4,926
  • Sep 9, 2009 1:39am Sep 9, 2009 1:39am
Quoting mac1956
Yup,

"What am I in this trade for?" - it makes sense. It's going nowhere and I'm minus 10. I've exited.

Mac
yes mac... trade must go in your way in a "reasonable time.. speed and rythum.. if its not doing so there is no reason for you hold on to such trade.

you can close 15 of these type of trades in a week at BE or even 5-10 loss.. but one runner in a week will payoff all of it back.. and the rest goes in your pocket..

so job discription is to get involve in every correct break to catch runners and survive at the same time..
  • #4,927
  • Sep 9, 2009 1:43am Sep 9, 2009 1:43am
and long now on fcr 4489

http://cdn.forexfactory.com/images/attach/gif.gif
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  • #4,928
  • Sep 9, 2009 1:44am Sep 9, 2009 1:44am
I feel really fortunate to have your wisdon Mr Fx sir! Thank you.

Are we now watching for for either a longside break of 14494 or a shortside break at 14466 and testing acouple beyond whichever comes first?

Mac
$urvive, Pre$erve & RESPECT THE TEACHER
  • #4,929
  • Sep 9, 2009 1:45am Sep 9, 2009 1:45am
Thanks
$urvive, Pre$erve & RESPECT THE TEACHER
  • #4,930
  • Sep 9, 2009 1:48am Sep 9, 2009 1:48am
SL at 14472 - limit at 14513 - is the limit necessary?
$urvive, Pre$erve & RESPECT THE TEACHER
  • #4,931
  • Sep 9, 2009 1:49am Sep 9, 2009 1:49am
Quoting fxachilies
yes mac... trade must go in your way in a "reasonable time.. speed and rythum.. if its not doing so there is no reason for you hold on to such trade.

you can close 15 of these type of trades in a week at BE or even 5-10 loss.. but one runner in a week will payoff all of it back.. and the rest goes in your pocket..

so job discription is to get involve in every correct break to catch runners and survive at the same time..
Great way to put it. For me the Speed/rythem thing is still a little bit elusive as price zooms and then stalls for a while then zooms again.That makes it hard to decipher what a reasonable time is.
I know where I am----I just don't know where I'm going!
  • #4,932
  • Sep 9, 2009 1:55am Sep 9, 2009 1:55am
Quoting capt. ok
Great way to put it. For me the Speed/rythem thing is still a little bit elusive as price zooms and then stalls for a while then zooms again.That makes it hard to decipher what a reasonable time is.

I'm with you there Captain!

Mac
$urvive, Pre$erve & RESPECT THE TEACHER
  • #4,933
  • Sep 9, 2009 1:57am Sep 9, 2009 1:57am
C'mon baby!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #4,934
  • Sep 9, 2009 1:58am Sep 9, 2009 1:58am
Fx oh Masterful one,

Do we pay heed to the 14500 appraoching here?

Mac
$urvive, Pre$erve & RESPECT THE TEACHER
  • #4,935
  • Sep 9, 2009 2:00am Sep 9, 2009 2:00am
ok new fcr forme 4483.. move sl to below it.. now RR really in your favor..
  • #4,936
  • Sep 9, 2009 2:02am Sep 9, 2009 2:02am
beware of the faders at double00
I know where I am----I just don't know where I'm going!
  • #4,937
  • Sep 9, 2009 2:03am Sep 9, 2009 2:03am
Quoting mac1956
Fx oh Masterful one,

Do we pay heed to the 14500 appraoching here?

Mac
no, no need to give a fucking heed to that..lol

guys me and feb think round numbers are for pussies.. lol no offence
  • #4,938
  • Sep 9, 2009 2:04am Sep 9, 2009 2:04am
Quoting fxachilies
no, no need to give a fucking heed to that..lol
Thanks FX-----I mean"just don't let it fake you out"
I know where I am----I just don't know where I'm going!
  • #4,939
  • Sep 9, 2009 2:04am Sep 9, 2009 2:04am
Long with you as well guyz
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  • #4,940
  • Sep 9, 2009 2:08am Sep 9, 2009 2:08am
Hey mack---this is where the speed/rhythm/time thing gets me!
I know where I am----I just don't know where I'm going!
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