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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)

  • #5,721
  • Sep 16, 2009 1:39am Sep 16, 2009 1:39am
Quoting mac1956
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.

that ok Macdaddy.. if your not out early then keep the sl below fcr and live with it.. but if price reaches your entery or close to it get out and wait for 123 off 4694..
  • #5,722
  • Sep 16, 2009 1:42am Sep 16, 2009 1:42am
Quoting Froggy10
been playing silly buggers all day... comon have a go.. up or down.. but have a go..lol
I take it you don't like the game of ping pong either.. lol
  • #5,723
  • Sep 16, 2009 1:47am Sep 16, 2009 1:47am
Quoting fxachilies
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.....
Hi Fx,

Thanks for your encouraging comments as always. If the trading mstakes can be limited and eventually completely gotten rid of then this has to be the objective for me, the points will take of themselves.

Thanks

Good trading to you and all today.
Survive and Preserve
  • #5,724
  • Sep 16, 2009 1:47am Sep 16, 2009 1:47am
Quoting fxachilies
that ok Macdaddy.. if your not out early then keep the sl below fcr and live with it.. but if price reaches your entery or close to it get out and wait for 123 off 4694..
SL triggered -18 - no worries stay out now for better signals. Like British buses - you have to be patient and then several come along at once!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,725
  • Sep 16, 2009 1:49am Sep 16, 2009 1:49am
Quoting fxachilies
that ok Macdaddy.. if your not out early then keep the sl below fcr and live with it.. but if price reaches your entery or close to it get out and wait for 123 off 4694..
Hi all I went long at 84 earlier and my stop is now at 75, so RR has to be in my favour now. If I go -9 wait for the next trade
Survive and Preserve
  • #5,726
  • Sep 16, 2009 1:51am Sep 16, 2009 1:51am
Quoting mac1956
SL triggered -18 - no worries stay out now for better signals. Like British buses - you have to be patient and then several come along at once!
why?.. your sl should have been beyond the fcr..4677 + 3 + buffer..
silly mistake again Mac.. now at this moment you would had the chance to exit at BE..
  • #5,727
  • Sep 16, 2009 1:53am Sep 16, 2009 1:53am
out -13pips...next
  • #5,728
  • Sep 16, 2009 1:53am Sep 16, 2009 1:53am
Quoting mac1956
SL triggered -18 - no worries stay out now for better signals. Like British buses - you have to be patient and then several come along at once!
Interesting - if I'd left my SL at the full 20 pips I'd have been able to get out at BE. For the sake of 2 pips I got stopped out. Lesson in that I feel.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,729
  • Sep 16, 2009 1:54am Sep 16, 2009 1:54am
Quoting fxachilies
why?.. your sl should have been beyond the fcr..4677 + 3 + buffer..
silly mistake again Mac.. now at this moment you would had the chance to exit at BE..

You're right Fx - absolutely right.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,730
  • Sep 16, 2009 1:56am Sep 16, 2009 1:56am
Quoting mac1956
You're right Fx - absolutely right.

I was at 4676 and the spread (2 pips) accounted for the extra one.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,731
  • Sep 16, 2009 2:01am Sep 16, 2009 2:01am
guys when you place a order of any kind specially entery and stop loss.. you must consider 2-3 pips + spread + buffer sometimes.. (some broker do some don't)

for example.. current fcr is at 4677
so my sl should be 3pips below + spead (mine in .8.. so count it as 1pip)..
so my sl would be at 4673... if there is a buffer then + 2pips more so it be at 4671..
in order to not get triggered silly thats what you got to do..

Paul i am superised you did not get triggered there..
  • #5,732
  • Sep 16, 2009 2:05am Sep 16, 2009 2:05am
Quoting fxachilies
guys when you place a order of any kind specially entery and stop loss.. you must consider 2-3 pips + spread + buffer sometimes.. (some broker do some don't)

for example.. current fcr is at 4677
so my sl should be 3pips below + spead (mine in .8.. so count it as 1pip)..
so my sl would be at 4673... if there is a buffer then + 2pips more so it be at 4671..
in order to not get triggered silly thats what you got to do..

Paul i am superised you did not get triggered there..
Pretty soon I will run out of lessons to learn! Hope my mistakes help others to learn too.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,733
  • Sep 16, 2009 2:16am Sep 16, 2009 2:16am
Quoting mac1956
Pretty soon I will run out of lessons to learn! Hope my mistakes help others to learn too.

your a great asset to this thread brother.. don't ever feel down..
your questions and learning process has been bring up a lot of good points.. I realized that when i was reading the whole M-F pages on weekend (by the way i do that on every weekend to refelect back at things)
so everyone has been benefiting from it.. and your making a study progress..
come on your our Mac Daddy.. lol
  • #5,734
  • Sep 16, 2009 2:19am Sep 16, 2009 2:19am
Quoting fxachilies
your a great asset to this thread brother.. don't ever feel down..
your questions and learning process has been bring up a lot of good points.. I realized that when i was reading the whole M-F pages on weekend (by the way i do that on every weekend to refelect back at things)
so everyone has been benefiting from it.. and your making a study progress..
come on your our Mac Daddy.. lol
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,735
  • Sep 16, 2009 2:22am Sep 16, 2009 2:22am
Are we too far up this upswing to think about entering long on this break?
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,736
  • Sep 16, 2009 2:23am Sep 16, 2009 2:23am
Quoting mac1956
Are we too far up this upswing to think about entering long on this break?
PA just answered that
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,737
  • Sep 16, 2009 2:30am Sep 16, 2009 2:30am
i am long based on 123.. like i said.. price is acting funny.. I am in and i got to bear with it.. sl below 4682.. let see what happens..


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  • #5,738
  • Sep 16, 2009 2:31am Sep 16, 2009 2:31am
hey fx, if there happens to be a fcr short soon how would u play it with there being 4 or 5 ish fcrs at about 5-7 pips apart going short, thanks in advance mate
andrew
Survive & Preserve
  • #5,739
  • Sep 16, 2009 2:57am Sep 16, 2009 2:57am
guys out at -3.. played #1..

Andrew,
I will keep playing the If and then and survive in hope of catching a solid ride.. its after the open and anything can happen at anytime.. for short i will take the most recent fcr..
for long I be a little more hesitant bcz it look like having hard time to break through.. and its mostly bcz its getting near that yearly resitant at 4718.. so price hesitation and stall for long is just commonsense.. please don't take it as a prediction or anything..
anyhow for long i stick to my countiuation philosophy..

I hope it helps..
  • #5,740
  • Sep 16, 2009 3:03am Sep 16, 2009 3:03am
cheers mate
Survive & Preserve
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