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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)

  • #5,701
  • Sep 15, 2009 1:09pm Sep 15, 2009 1:09pm
crushed the last recent HH at 4647.. now approaching the yearly res at 4718 (last dec).. i will bank right there if it gets there, unless it crushed that one too.. but i doubt it more than likely there will be bounce off.. otherwise i will bank on the break of last fcr.. into +60 profit at the moment.. playing #1 allthough way
  • #5,702
  • Sep 15, 2009 1:26pm Sep 15, 2009 1:26pm
sl locked under fcr for + 44pips.. I let it be maybe i get another shot up to that resistant where my tp is..

Goodnight all.

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  • #5,703
  • Sep 15, 2009 1:40pm Sep 15, 2009 1:40pm
hay fx, are you consider that as a FCR?
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it's a huge gap tony, a huge gap.
  • #5,704
  • Sep 15, 2009 2:10pm Sep 15, 2009 2:10pm
MF bitch ass market exhausted me today.
this are the trads for today
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it's a huge gap tony, a huge gap.
  • #5,705
  • Sep 15, 2009 2:20pm Sep 15, 2009 2:20pm
Quoting gevellber02
hay fx, are you consider that as a FCR?
Hi Gevelber02

I will wait foir a correction from FX on this, but where I have marked the red line, there is in IMHO a very small FCR

Hope this helps.
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Survive and Preserve
  • #5,706
  • Sep 15, 2009 2:51pm Sep 15, 2009 2:51pm
Hi

Here are my trades for today. I stopped traing before all the news items.

Trade 1 - Complete mess, got caught in the endas I didn`t know if I was playing #1 or 2

The ret of the day was recovery mode although I have to credit myself with the fact that I stick to the plan and didn`t snatch all avaialble points that were on the table, prefering to wait for the runner. As it happended the runner came when I was noi longer trading. I did end up a few pips in advance.

To Fx, the more I see of this method the more I see the importance of getting in at the beinning of the move and then letting it take you where it wants to go. It gives you such a favourable position over other traders who join further up the move.

Thank to all and comments welcome.
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Survive and Preserve
  • #5,707
  • Sep 15, 2009 3:03pm Sep 15, 2009 3:03pm
just came to check my long trade before going to bed.. and figured mind aswell answer G question..
stay tune i get it out in a minute as i am contemplating to close this trade or not..
  • #5,708
  • Sep 15, 2009 3:08pm Sep 15, 2009 3:08pm
Quoting gevellber02
hay fx, are you consider that as a FCR?
That is not a fcr to take short postion on specially when your in such a bullish move.. I just used that for my sl stop since it was the only close price dip..

about your chart/trades,
firstly i have hard time reading your charts its to noise with all this lines.. but what i see is a lot of ins and outs.. instead of getting in early with prompt fcr recognition and riding it.. but your on the right track and it takes practise.. so doing a nice job..
  • #5,709
  • Edited 3:23pm Sep 15, 2009 3:12pm | Edited 3:23pm
wow, set limit order above break of 1.4621 and had to go out, came back to this. Just moved my sl quickly, will now read posts to see how you all got on.

Edit: sorry about the split pic, in my excitment of trying to read posts, and looking at all those pips, I posted the whole screen.
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  • #5,710
  • Sep 15, 2009 3:19pm Sep 15, 2009 3:19pm
Quoting PaulLangham
Hi

Here are my trades for today. I stopped traing before all the news items.

Trade 1 - Complete mess, got caught in the endas I didn`t know if I was playing #1 or 2

The ret of the day was recovery mode although I have to credit myself with the fact that I stick to the plan and didn`t snatch all avaialble points that were on the table, prefering to wait for the runner. As it happended the runner came when I was noi longer trading. I did end up a few pips in advance.

To Fx, the more I see of this method the more I see the importance of getting...
paul,
I am glad that you realize that more and more everyday.. and thats all it matters.. don't sweat it.. your doing so much better than lets say two weeks ago..
its evident that instead of losing 13 pips on your trade 1 you should have closed it with the early fcr at BE and got in with the same fcr (look at my chart in past posts) and banked about 20pips.. and more importantly that would have eliminated the 2nd trade further down.. ( i had a bobo myself around that area too) so that was the difference maker for us today before the news time.. and great job with staying atta that bullshit news time..
Looking good Mr.Langham

now to all,
guys it is important that you set your scheduel to trade from couple of hours befor London open to atleast couple of hours past NY open.. you just don't know when the one runner that your looking for will occur.. so you got to be there all the time.. so its a full time job specially with our style of trading.. just simpley look at paul.. he was pretty much in and out with every shot but not the runner..
my system is on all the time.. i am not infornt of it evey minute but i got my orders set and watch the screen often enough to not miss anything..
  • #5,711
  • Sep 15, 2009 5:01pm Sep 15, 2009 5:01pm
Quoting fxachilies
That is not a fcr to take short postion on specially when your in such a bullish move.. I just used that for my sl stop since it was the only close price dip..

about your chart/trades,
firstly i have hard time reading your charts its to noise with all this lines.. but what i see is a lot of ins and outs.. instead of getting in early with prompt fcr recognition and riding it.. but your on the right track and it takes practise.. so doing a nice job..
hay!
thx PaulLangham and fx for your replays.
i'l try to improve my posted charts.....
your opinion is very important to my.
see yo all tomorrow(-:
it's a huge gap tony, a huge gap.
  • #5,712
  • Sep 15, 2009 10:39pm Sep 15, 2009 10:39pm
Hello to all,

I have been away from my monitor for a few days.... had to take a trip up north and deal with some family obligations... thoroughly enjoyed catching up with my reading here... The interaction and mentorship in this thread is a beautiful thing... tough love by FX/Feb/Dare.... lol... if you have not appreciated it yet you will if you stick around.


See you guys Thursday.
Unus pro omnibus, omnes pro uno
  • #5,713
  • Sep 16, 2009 12:53am Sep 16, 2009 12:53am
Good morning everyone,

Looks like market was ranging all asian session and too risky to take the small FCR's. I got my buy order @4691 and the sell order @4652

Have a nice day everyone!
  • #5,714
  • Sep 16, 2009 12:56am Sep 16, 2009 12:56am
yes, i live in australia, so i trade the asian session... nothing all day... just ranging.. did plenty of gardening instead, maybe now that uk will open soon it'll move?. Nice spike on gold.. cheers

jean
  • #5,715
  • Sep 16, 2009 1:02am Sep 16, 2009 1:02am
Good Morning,
this is as flat as it can get.. Bracket time boys..
got my orders on both side with 20pips sl for now..

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  • #5,716
  • Sep 16, 2009 1:23am Sep 16, 2009 1:23am
ok my take on this breakout..
I just exited at BE..
I do not like the weak break and I sure don't like the brearish candel now..
this is the time I will rather treat this as the regular 123.. most likly after the open..
  • #5,717
  • Sep 16, 2009 1:27am Sep 16, 2009 1:27am
Quoting fxachilies
ok my take on this breakout..
I just exited at BE..
I do not like the weak break and I sure don't like the brearish candel now..
this is the time I will rather treat this as the regular 123.. most likly after the open..
I took a long test at 14692 and didn't get out quick enough on the retrace. I'm hanging in prepared to lose the pips. SL at 14676.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,718
  • Sep 16, 2009 1:29am Sep 16, 2009 1:29am
Quoting fxachilies
ok my take on this breakout..
I just exited at BE..
I do not like the weak break and I sure don't like the brearish candel now..
this is the time I will rather treat this as the regular 123.. most likly after the open..
Good Morning guyz...
Ready for another tarding day....
Market seems to be stalled a little nearing the 4718 (maximun since a long time ago)...
As Fx said, let's wait to London open to see where it wanna go...
  • #5,719
  • Sep 16, 2009 1:30am Sep 16, 2009 1:30am
Quoting fxachilies
ok my take on this breakout..
I just exited at BE..
I do not like the weak break and I sure don't like the brearish candel now..
this is the time I will rather treat this as the regular 123.. most likly after the open..
Good morning,

Me neither... no rythm, no speed, no momentum... just -5 on this. No probs, part of the business.
  • #5,720
  • Sep 16, 2009 1:38am Sep 16, 2009 1:38am
been playing silly buggers all day... comon have a go.. up or down.. but have a go..lol
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