The System II (Yes with irony) | Page 292 | Forex Factory

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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)

  • #5,821
  • Edited 10:16am Sep 16, 2009 10:02am | Edited 10:16am
Short anyone? I am @4701

Fakeout...only bad trades today

Fx, did you close it?
  • #5,822
  • Edited 10:42am Sep 16, 2009 10:28am | Edited 10:42am
Hey guys, how did you manage last trade? Still in it? Closed?

I'm out with -14pips.
  • #5,823
  • Sep 16, 2009 10:46am Sep 16, 2009 10:46am
Quoting eb_
Hey guys, how did you manage last trade? Still in it? Closed?

I'm out with -14pips.
I'm not on that trade eb, but If I was, I would have played #2 and tried to exit at BE as soon as I realized the Fakeout...

Hope it helps
  • #5,824
  • Sep 16, 2009 10:50am Sep 16, 2009 10:50am
Quoting jplo
I'm not on that trade eb, but If I was, I would have played #2 and tried to exit at BE as soon as I realized the Fakeout...

Hope it helps
Thanks jplo,

I realized that is a fakeout by that long 14 pips bar in opposite way Anyway I'm glad it's not a full stop loss.
  • #5,825
  • Sep 16, 2009 10:52am Sep 16, 2009 10:52am
I have read most of the thread, but can't find where #1, #2 etc trade setups are listed. Can someone point me in the right direction?
Regards,
Tony


Quoting jplo
I'm not on that trade eb, but If I was, I would have played #2 and tried to exit at BE as soon as I realized the Fakeout...

Hope it helps
  • #5,826
  • Sep 16, 2009 10:57am Sep 16, 2009 10:57am
Quoting tptrading
I have read most of the thread, but can't find where #1, #2 etc trade setups are listed. Can someone point me in the right direction?
Regards,
Tony

Look for post 3031 TP - it's two defensive strategies to survive the price retracing on your position with a minimum of damage. Something, as it happens, I failed to my cost to implement effectively today!!!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,827
  • Sep 16, 2009 11:00am Sep 16, 2009 11:00am
Quoting jplo
I've close it out @ + 46 pips,

Before reaching the yearly maximun @ 4718....

Nice runner
Hey Jplo,

Way to go man, nice trading. You have been sticking at it and deserve it.
Survive and Preserve
  • #5,828
  • Sep 16, 2009 11:05am Sep 16, 2009 11:05am
Quoting PaulLangham
Het Jplo,

Way to go man, nice trading. You have been sticking at it and deserve it.
Thanks Paul,

It is all for me today....

see you tomorrow before London open 4 another improvement opportunity
  • #5,829
  • Sep 16, 2009 11:19am Sep 16, 2009 11:19am
Quoting tptrading
I have read most of the thread, but can't find where #1, #2 etc trade setups are listed. Can someone point me in the right direction?
Regards,
Tony
tony,
read post 4219.. its more complete.. with much clear graphs..

and also refer to post 4734.. and follow from there..

Good Luck
  • #5,830
  • Sep 16, 2009 11:29am Sep 16, 2009 11:29am
look guys i did not play #1 and now i am in a dog fight.. totaly unnecessary for me to be in such position.. (I wasn't infront of screen)..
now i got to get lucky..
http://cdn.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 133.gif Size: 25 KB
  • #5,831
  • Sep 16, 2009 11:45am Sep 16, 2009 11:45am
Quoting fxachilies
look guys i did not play #1 and now i am in a dog fight.. totaly unnecessary for me to be in such position.. (I wasn't infront of screen)..
now i got to get lucky..
http://cdn.forexfactory.com/images/attach/gif.gif

Informative chart - looks like you got lucky. Thanks.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,832
  • Sep 16, 2009 11:56am Sep 16, 2009 11:56am
would you guys belive if i tell you i am still in this trade... this is so against what we do..
i just said fucked.. moved my sl out of the picture.. I wanna see how far this bitch is gonna go up.. right now i am in a dip shit..
this is something to keep you guys entertain... lol
don't ever do what i am doing here.. I am just totally nuts now.. i have been to as much as $7000 into loss with this bitch..
don't laugh its not funny.. lol

http://cdn.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 133.gif Size: 24 KB
  • #5,833
  • Sep 16, 2009 11:57am Sep 16, 2009 11:57am
Hi All,

Here are todays charts.

Only two trades the first at -2. Second at +8

The second I held for a long time and I suppose I could have banked more pips, but I wanted to hold during the news as I was in a poitive positio at the time. As Fx had saidnyesterday it was 50/0 call. On this occassion I got away with +8, but it couilf have been +58

Thanks for all the posts and thanks to FX for the chart he just put through showing what happens if you don`t close and let yourelf get into problems. That alone is another piece of gold. Newcomers would be advised to truly take note.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2009091602.jpg Size: 91 KB
Survive and Preserve
  • #5,834
  • Sep 16, 2009 12:00pm Sep 16, 2009 12:00pm
Quoting fxachilies
would you guys belive if i tell you i am still in this trade... this is so against what we do..
i just said fucked.. moved my sl out of the picture.. I wanna see how far this bitch is gonna go up.. right now i am in a dip shit..
this is something to keep you guys entertain... lol
don't ever do what i am doing here.. I am just totally nuts now.. i have been to as much as $7000 into loss with this bitch..
don't laugh its not funny.. lol

http://cdn.forexfactory.com/images/attach/gif.gif
Fx, I am hoping for you that some heavy hitter guys who are sitting long for the day only and want to pack up early ,take some money off the table amd you get a gradual retracement so as to let you out at BE.
Survive and Preserve
  • #5,835
  • Sep 16, 2009 12:02pm Sep 16, 2009 12:02pm
Late in the session..
Scalping for dinner on the market..or eat at home..
  • #5,836
  • Sep 16, 2009 12:05pm Sep 16, 2009 12:05pm
Quoting fxachilies
would you guys belive if i tell you i am still in this trade... this is so against what we do..
i just said fucked.. moved my sl out of the picture.. I wanna see how far this bitch is gonna go up.. right now i am in a dip shit..
this is something to keep you guys entertain... lol
don't ever do what i am doing here.. I am just totally nuts now.. i have been to as much as $7000 into loss with this bitch..
don't laugh its not funny.. lol

http://cdn.forexfactory.com/images/attach/gif.gif
I understand now - I thought your were long on this one. Good luck man!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,837
  • Sep 16, 2009 12:08pm Sep 16, 2009 12:08pm
Just gone short at 14715
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,838
  • Sep 16, 2009 12:10pm Sep 16, 2009 12:10pm
FX, going your way, GL
Closed at 1.4711
  • #5,839
  • Sep 16, 2009 12:15pm Sep 16, 2009 12:15pm
Quoting deano1292
FX, going your way, GL
Closed at 1.4711

Nearly had seven bear candles there Deano.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,840
  • Sep 16, 2009 12:17pm Sep 16, 2009 12:17pm
Quoting deano1292
Late in the session..
Scalping for dinner on the market..or eat at home..
hey i am pulling for you to catch a runner.. lol
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