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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)

  • #5,441
  • Sep 14, 2009 1:27am Sep 14, 2009 1:27am
Quoting mac1956
I'm thinking that this is too deep a retracement to warrant a short trade at 14627 if the price breaks through.
considering current price range, yes it is a too deep of retracment..
(read countinuation post 3973, if you havn't already)
  • #5,442
  • Sep 14, 2009 1:29am Sep 14, 2009 1:29am
Quoting fxachilies
considering current price range, yes it is a too deep of retracment..
(read countinuation post 3973, if you havn't already)
Sorry Fx I'm talking gobbledygook - wrong lines in wrong places - haven't had my first coffee yet. I'll shut up until I've got the plot.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,443
  • Sep 14, 2009 1:42am Sep 14, 2009 1:42am
Quoting fxachilies
Paul,
this is a good question.. please refer to post 3809.. I think you will get part of your answer there..
for the missing part ..
simply when I look to take on a possible entery, first I need to know, where was the begining of this particular swing, and where was the first opportunity to
get on this ride, and where am i trying to get on it.. if its the first break i take it without hesitaion.. if its 2nd break, it must fall
into my countinuation signal theory (post 3973) and so on.. thats how i gage it and weightout the risk/reward issue as...
Hi Fx and morning to all,

Yes this answers the question very clearly. Thanks very much
Survive and Preserve
  • #5,444
  • Sep 14, 2009 1:47am Sep 14, 2009 1:47am
guys classic example of how expectancy skill at your disposal can really give you an a edge..
you see I could have played #1scenario and preserve pips... but i got my pips without going through the agonie with just simple.. expectancy = speed and rhytum.. now if price would have made a retrace but without such speed I would be still in and get the same result and keept the countinuation option open from original entery..
but since price took off with such speed it helped me to recognize and bank pips righaway and more importantly not get involve with the countinuation breakout.. bcz it will be weak one base on how price is been acting around the LL line..
so expectancy.. speed and rhythm tells you alot about price behaviour around certain area.. thats why we do not have any set in stone rules that you can apply all the time.. and thats a fact in trading overall.. you got be felixible to do different thing at diffrent times and spots..
That's one of the most vital skill that i have learned from feb..
today a lot of good examples are being created and I am droping the wisdom learned from great feb to your guys..
  • #5,445
  • Sep 14, 2009 1:50am Sep 14, 2009 1:50am
we got a 123 double bottom setup in hand.. 4541.. just be aware that london open is 10 min away..
  • #5,446
  • Sep 14, 2009 2:30am Sep 14, 2009 2:30am
In long at 14553
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,447
  • Sep 14, 2009 2:33am Sep 14, 2009 2:33am
Good morning everyone!
Have a nice week. I got my buy limit @4556


And in @4556
  • #5,448
  • Sep 14, 2009 2:39am Sep 14, 2009 2:39am
Quoting mac1956
In long at 14553
ok.. just watch the price reaction to the HH line..
I would have personally waited for the HH convinsing breakout since they were only 5pips away from eachother..
  • #5,449
  • Sep 14, 2009 2:44am Sep 14, 2009 2:44am
Good morning guyz
I overslept a little.......
I see everyone is in the field to play another day...
The threat is very active with great instructional posts as usual.....
so..........
I'm gonna open my mind to absorb and learn from who I have to for another week.....

PS: Good US open for Nadal, having into account his recent injury...
But anyway, Federer is #1, He plays another different game than all the others... I'll support him in the final, as usual, after Rafa being defeat...
  • #5,450
  • Sep 14, 2009 2:44am Sep 14, 2009 2:44am
good example of fcr entery at 4541 that would have got you in early and set you on driversit at the moment and if thing really go wrong you got a better chance of surving with less damage or any at all..
  • #5,451
  • Sep 14, 2009 2:47am Sep 14, 2009 2:47am
Quoting fxachilies
good example of fcr entery at 4541 that would have got you in early and set you on driversit at the moment and if thing really go wrong you got a better chance of surving with less damage or any at all..
Point taken
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,452
  • Sep 14, 2009 2:57am Sep 14, 2009 2:57am
Quoting mac1956
Point taken

however I am pissed as my 25 pips tp was hit as I left the screen for a frecking 5 minutes.. so my runner hunt is over.. this looks good for more bullish run, but i am out and need to wait for really convinsing spot to get back on the same ride.. or recersal for short..
  • #5,453
  • Sep 14, 2009 3:03am Sep 14, 2009 3:03am
out to lunch.. be back in 30 min

tip.. if you are in this long ride.. stay with it.. it looks good for further gain..
  • #5,454
  • Sep 14, 2009 3:04am Sep 14, 2009 3:04am
FX ,isn't the new fcr @4570 good for reentering?
  • #5,455
  • Sep 14, 2009 3:05am Sep 14, 2009 3:05am
SL to 14548
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,456
  • Sep 14, 2009 3:07am Sep 14, 2009 3:07am
Quoting eb_
FX ,isn't the new fcr @4570 good for reentering?
Hi Eb,

See my post over the weekend and FX's answer to it concerning where price is in the break out and how you should play things.
Survive and Preserve
  • #5,457
  • Sep 14, 2009 3:12am Sep 14, 2009 3:12am
Playing #1
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,458
  • Sep 14, 2009 3:15am Sep 14, 2009 3:15am
Out for a +3 - looks like it faked me out
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,459
  • Sep 14, 2009 3:19am Sep 14, 2009 3:19am
I missed the early long opportunity......

But now, I'm short on this FCR.....

Trying to take every shot.... Let's see how it goes....
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  • #5,460
  • Sep 14, 2009 3:20am Sep 14, 2009 3:20am
Quoting PaulLangham
Hi Eb,

See my post over the weekend and FX's answer to it concerning where price is in the break out and how you should play things.

Thanks Paul, now I understand. It seems like a fakeout anyway.

I'm out with +4 pips.
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