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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)

  • #5,101
  • Sep 9, 2009 3:12pm Sep 9, 2009 3:12pm
Quoting capt. ok
Yes , thanks Paul , same from me .
OK no problems, like I said yesterday you learn so much from posting them, even when the day is lousy - who cares about showing the hash you made of it, if it speeds up the process of getting to the end game - also people are very very genrous here in giving advice and really good comments. You won`t find more genuine guys.
Survive and Preserve
  • #5,102
  • Sep 9, 2009 3:48pm Sep 9, 2009 3:48pm
Quoting PaulLangham
OK no problems, like I said yesterday you learn so much from posting them, even when the day is lousy - who cares about showing the hash you made of it, if it speeds up the process of getting to the end game - also people are very very genrous here in giving advice and really good comments. You won`t find more genuine guys.
I know ----that's why I love it here!
I know where I am----I just don't know where I'm going!
  • #5,103
  • Sep 9, 2009 7:30pm Sep 9, 2009 7:30pm
Quoting PaulLangham
OK no problems, like I said yesterday you learn so much from posting them, even when the day is lousy - who cares about showing the hash you made of it, if it speeds up the process of getting to the end game - also people are very very genrous here in giving advice and really good comments. You won`t find more genuine guys.
I appreciate your sharing very much as well. Thanks and congrats: another 100 pips on your side today!
  • #5,104
  • Sep 9, 2009 10:23pm Sep 9, 2009 10:23pm
hey all,
thanks for another great day trading , we seem to be getting a huge following in this thread, the word is out there of how good it is, so keep up the good work fx & others
see u in about 3 hrs
andrew
Survive & Preserve
  • #5,105
  • Sep 9, 2009 11:18pm Sep 9, 2009 11:18pm
Traded entered at 1.4572, SL now moved to new FCR.
Attached Image (click to enlarge)
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Survive and Preserve
  • #5,106
  • Sep 9, 2009 11:54pm Sep 9, 2009 11:54pm
Closed for +2, not showing good signs of going anywhere. Short limit set to below recent FCR
Quoting en0x
Traded entered at 1.4572, SL now moved to new FCR.
Survive and Preserve
  • #5,107
  • Sep 9, 2009 11:54pm Sep 9, 2009 11:54pm
graph
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 9 KB
Survive and Preserve
  • #5,108
  • Sep 9, 2009 11:59pm Sep 9, 2009 11:59pm
Quoting fxachilies
i am locking my sl on top of last fcr which gives me a BE and letting it run..

see you all tomorrow.. great job everyone.
Good Morning to all,
its so nice to open your screen and see a 30pip tp hit without going through the agonie.. its sweet.. i hardly let a trade over night but on this one I had nothing to lose.. so it worked out and I am greatful..

allright let game begin.. I am ready!!! how about you?..

simple recipe of the day as always..
123.. fcr
expectancy
patience

lets do it...
  • #5,109
  • Sep 10, 2009 12:05am Sep 10, 2009 12:05am
Quoting fx1o1
Hello to All and specialy to Feb!

By now you must be used to it but I'll say it anyways: Thanks so much for sharing so much!!!

I have done many demo trades trying to follow this system and most of them continue to lose. I want to start trading it very badly but... Please comment on my last 3 trades. I really need help!!!

Thanks!!!
welcome to the thread,
the first thing i see right off the bat is that all those trades are in the late stage of the ride alltough they all are valid 123.. but simply they are not the first opportunity to get on the ride rather 2nd or 3rd.. so more risk of getting fakedout toped/bottomed off..
so, please refer to post 4734..
then let me know where your at and we worked out for you..

Good Luck.
  • #5,110
  • Sep 10, 2009 12:12am Sep 10, 2009 12:12am
Quoting PaulLangham
Hi Mac,

I will let FX answer this one more fully, but essentially there are no rules of thumb, in the runner I was just playing expectancy - looking to make sure price was moving along in the right direction in a "reasonable time", the price kept on truckin so I held with it (not easy in fact) and I simply closed on the break of the first FCR which got taken out to the downside.

For the other question I would post a chart it is easier to see.
Mac.. I second that.

nice explanation Paul L.. with capitol P.
  • #5,111
  • Sep 10, 2009 12:35am Sep 10, 2009 12:35am
ok.. as you all see price has been stalling for the past hour and half in a range of 10 pips and bracket has been formed..
you also see price went through some range time during asian session and brokeout long out of a bracket about two and half an hour ago.. that breakout was your first opportuinty to get on this long ride..
so since is bracket again i treat it as that and have set my two orders on oppostit sides.. bracket is small only 10pips long so if it breaks out and fakes you only lose 12 pips then you other order is triggered to be in the new ride.. but hopfully it breaksout and countitues..

anyways that how i am playing this..
  • #5,112
  • Sep 10, 2009 12:38am Sep 10, 2009 12:38am
sorry forgot the chart.. here it is..

http://cdn.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 133.gif Size: 24 KB
  • #5,113
  • Sep 10, 2009 12:40am Sep 10, 2009 12:40am
hi all, i live in australia, so i i took the range brealout this morning.. i'm out now... and waiting for uk to open.. have a good day trading everybody.

Jean
  • #5,114
  • Sep 10, 2009 12:41am Sep 10, 2009 12:41am
during the asian session i like trading AUD/USD.. big move down this morning after announcement.. didn't trade it...
  • #5,115
  • Sep 10, 2009 12:45am Sep 10, 2009 12:45am
That is exactly how my orders are placed. I closed my long and sitting and waiting now. Lets see if Thursday dont torment me again.
Quoting fxachilies
ok.. as you all see price has been stalling for the past hour and half in a range of 10 pips and bracket has been formed..
you also see price went through some range time during asian session and brokeout long out of a bracket about two and half an hour ago.. that breakout was your first opportuinty to get on this long ride..
so since is bracket again i treat it as that and have set my two orders on oppostit sides.. bracket is small only 10pips long so if it breaks out and fakes you only lose 12 pips then you other order is triggered to be in the...
Survive and Preserve
  • #5,116
  • Edited 12:56am Sep 10, 2009 12:50am | Edited 12:56am
I'm short at 4568, hope it won't go south.
Failure is the mother of success: learn from 'her'
  • #5,117
  • Sep 10, 2009 12:53am Sep 10, 2009 12:53am
Morning'

Short limit almost hit...then a big long bar. Learned the lesson with 3pips+ spread on limits
  • #5,118
  • Sep 10, 2009 12:54am Sep 10, 2009 12:54am
Quoting en0x
That is exactly how my orders are placed. I closed my long and sitting and waiting now. Lets see if Thursday dont torment me again.

enox my bro.. positive thinking.. you remember two days ago what happend right after your positive thinking post.. yes a 200pip runner..

so my point.. its all mental after certain maturity level is passed in one's trading career.. so if your not there yet.. then simply practise acting like it and soon enough you'll get there..
keep things simple.. stay intact with what you been learning here and it won't hurt if you stick to the daily recipe.. (it's my first post of the day)

good luck..
  • #5,119
  • Sep 10, 2009 12:55am Sep 10, 2009 12:55am
well, I don't know why newbie is losing? we did well I put 2 pips spice too. my s/l hit by the way.
Failure is the mother of success: learn from 'her'
  • #5,120
  • Sep 10, 2009 12:57am Sep 10, 2009 12:57am
Quoting K7420
I'm short at 4568, how it won't go south.
I tried to tell you this yesterday.. but you said you know it already.. so no big deal lesson learned in the hard way..
shake it off and get ready for the next ride..

PS) you need your spread of 2.5+ 2-3 ticks + buffer from you belowed broker.. so your order should be about 6-7 pips above/below the line..
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