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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)

  • #5,681
  • Sep 15, 2009 9:39am Sep 15, 2009 9:39am
Quoting fxachilies
ohh.. and now that i am on the long trade.. if bernakey farts during his speach that be a sellling signal and i will turn around and take the short for another zillion..

He's making a point.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,682
  • Sep 15, 2009 9:43am Sep 15, 2009 9:43am
Quoting fxachilies
ohh.. and now that i am on the long trade.. if bernakey farts during his speach that be a sellling signal and i will turn around and take the short for another zillion..
I've have the bernakey farts indicator.exe if anyones interested

cheers
  • #5,683
  • Sep 15, 2009 9:48am Sep 15, 2009 9:48am
Quoting pauljred
I've have the bernakey farts indicator.exe if anyones interested

cheers
WHat do we do if he sh*ts himself?
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,684
  • Sep 15, 2009 10:08am Sep 15, 2009 10:08am
[quote]
Quoting fxachilies
you guys really wanna know... watch my chart..
i made zillions..
classic systemII trade?? (Just funnin.) good trades.
Hej.
  • #5,685
  • Sep 15, 2009 10:16am Sep 15, 2009 10:16am
Quoting mac1956
WHat do we do if he sh*ts himself?

if he shits than you will really feel it when looking at your trading account next.. and wonder what happen.. ouchhh uhh ahhh.. then you remember febs yesterdays post.. too late but you realize that you got rolled over by the herd..
and wonder again what the hell was I doing trading the news.. such a unpredictable risky up and down movements.. when my odds of wining is so slim..
you guys missed a whole message in that post..

quote:
"Do me a favor and AVOID TRADING DURING THE NEWS EVENT. You have no business there and most likely you're gonna get crushed. Mark your calendar and keep the eyes wide open...and one ear on the ground."

if you even made money today, your odds of winning consistently is still slim..

with best regards..
  • #5,686
  • Sep 15, 2009 10:18am Sep 15, 2009 10:18am
Quoting fxachilies
quote:
"Do me a favor and AVOID TRADING DURING THE NEWS EVENT. You have no business there and most likely you're gonna get crushed. Mark your calendar and keep the eyes wide open...and one ear on the ground."

if you even made money today, your odds of winning consistently is still slim..

with best regards..
Ok you got me. I was long before I realized there was news at 8:30 so I exited for a small profit. The hard part is knowing when the news madness is over.
  • #5,687
  • Sep 15, 2009 10:23am Sep 15, 2009 10:23am
Quoting fxachilies
if he shits than you will really feel it when looking at your trading account next.. and wonder what happen.. ouchhh uhh ahhh.. then you remember febs yesterdays post.. too late but you realize that you got rolled over by the herd..
and wonder again what the hell was I doing trading the news.. such a unpredictable risky up and down movements.. when my odds of wining is so slim..
you guys missed a whole message in that post..

quote:
[color=red]"Do me a favor and AVOID TRADING DURING THE NEWS EVENT. You have no business there and most likely...
Stayed out oh master - I've been really disciplined today - and been rewarded with +42. Improvement every day I've been learning SystemII.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,688
  • Sep 15, 2009 10:32am Sep 15, 2009 10:32am
Quoting fxachilies

quote:
"Do me a favor and AVOID TRADING DURING THE NEWS EVENT. You have no business there and most likely you're gonna get crushed. Mark your calendar and keep the eyes wide open...and one ear on the ground."

if you even made money today, your odds of winning consistently is still slim..

with best regards..

FX,

Probably 5-7 minutes are not enough for "the dust to settle down" from an ortodox point of view, but my rationale to enter in the short trade was the break of a tiny FCR signaled with an elipsis on the chart and the exit, as explained, was at some hesitation (probably too early, as a , see above). So it was not kind of gambling, maybe getting in hurry and not waiting that much time.

I know we are never talking for strict rules, but my impression is that a non major data realease (NFP is indeed a major one), as today's ones (retail sales and PPI are not big big ones) combined with this price action gave me entry point.

Any comments welcome, as usual. Thanks in advance.
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  • #5,689
  • Sep 15, 2009 10:45am Sep 15, 2009 10:45am
Piss off chop monster
  • #5,690
  • Sep 15, 2009 10:45am Sep 15, 2009 10:45am
Quoting elizo
FX,

Probably 5-7 minutes are not enough for "the dust to settle down" from an ortodox point of view, but my rationale to enter in the short trade was the break of a tiny FCR signaled with an elipsis on the chart and the exit, as explained, was at some hesitation (probably too early, as a , see above). So it was not kind of gambling, maybe getting in hurry and not waiting that much time.

I know we are never talking for strict rules, but my impression is that a non major data realease (NFP is indeed a major one), as today's ones (retail...
i am just gonna make one comments and leave this to rest.. it don't make me any richer or poorer as to homuch you guys lose or win..

if the fcr that you talking about its a rational entery then the break of H/H is a sigansl too... and a few of you even mentioned that you were on the long ride too.. but quickly turned around and got on the short ride when it was spiking up and down every second..
none of these signals are worthy during the news.. bcz the big guns are fucking with you..

forget it..

well done guys..

but I tell you guys what i did for reall..
as my friend davidb said.. I sat on my hands..
I did one more thing too.. i took a nap with my girlfriend on my side.. this weeks flavor..
  • #5,691
  • Sep 15, 2009 10:52am Sep 15, 2009 10:52am
In long - 14614
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,692
  • Sep 15, 2009 11:03am Sep 15, 2009 11:03am
I'm done for today guyz...

Not a very good day, but not a bad one either... BE

Tomorrow is another one with new opportunities....

I'll be there to ride them...

Hope to see all of you around for more improvements.....
  • #5,693
  • Sep 15, 2009 11:10am Sep 15, 2009 11:10am
Stalled - out +1
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,694
  • Sep 15, 2009 11:19am Sep 15, 2009 11:19am
Quoting fxachilies

if the fcr that you talking about its a rational entery then the break of H/H is a sigansl too... and a few of you even mentioned that you were on the long ride too.. but quickly turned around and got on the short ride when it was spiking up and down every second..
none of these signals are worthy during the news.. bcz the big guns are fucking with you..
Point taken. I didn't ride the break of H/H because it was just inmediately after data release. Again, maybe 5-7 minutes to ride the short one were not enough time either. Maybe it does not sound very consistent, but it was exactly what I did. However, I totally admit that we are not needing this kind of trades, bearing in mind the whole lot of opportunities we have everyday.

By the way, as it was a risky trade (this is obvious) I reduced the load accordingly.

Thanks once more for your comments.
  • #5,695
  • Sep 15, 2009 12:00pm Sep 15, 2009 12:00pm
the ride to be in.. after the dust has settled and market is not erratic..


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  • #5,696
  • Edited 12:53pm Sep 15, 2009 12:22pm | Edited 12:53pm
Quoting fxachilies
the ride to be in.. after the dust has settled and market is not erratic..
Missed this one...I was out 10mins, but now I don't have the guts to enter on continuation
  • #5,697
  • Sep 15, 2009 12:24pm Sep 15, 2009 12:24pm
now you guys see bernakes speach is showing its true color.. not when everyone is panicing and the big guys dicking you around..
now they sit pretty...
if you are in this bull run you are with the herd..
and I will ride this matta to death..
  • #5,698
  • Sep 15, 2009 12:42pm Sep 15, 2009 12:42pm
Dollar is weakening cross the board..
berny and oby, both said the recession is slowing down and is passing its last days..
I guess Americans that are still losing there homes living in tents and out of jobs don't agree toomuch.. lol.. and wallst got there ears on the ground..

anyways.. the hell with analysis and prediction.. i stay away from all that when i am trading the 5m chart noise.. all I wanna know how important is one subject for the time being so I can stay the hell out of it until the right time..
it's just stuff i keep in the backburner..

wow price really took off as i was ready to send this post..
  • #5,699
  • Sep 15, 2009 1:05pm Sep 15, 2009 1:05pm
Quoting fxachilies
Dollar is weakening cross the board..
berny and oby, both said the recession is slowing down and is passing its last days..
I guess Americans that are still losing there homes living in tents and out of jobs don't agree toomuch.. lol.. and wallst got there ears on the ground..

anyways.. the hell with analysis and prediction.. i stay away from all that when i am trading the 5m chart noise.. all I wanna know how important is one subject for the time being so I can stay the hell out of it until the right time..
it's just stuff i keep in the backburner.....


I wnet home too early!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,700
  • Sep 15, 2009 1:08pm Sep 15, 2009 1:08pm
you got in at the right time there fx. thats something for me to remember. instead i have been dicking around in the chop getting in and out for small losses(which i dont have a problem with) and not getting anywhere when it would have been much smarter to turn off the monitor, go out to lunch, and wait until the news was done.
interesting
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