The System II (Yes with irony) | Page 299 | 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)

  • #5,961
  • Sep 17, 2009 9:07am Sep 17, 2009 9:07am
Quoting jplo
Congrats to all of you who was into the short move from the begining....
good work...

Now, I'm long on the Fxachilies Crazy Reversal...... at 4719

Let's see how it goes...
nice job... just be prepared for the retrace anytime its evident that it will happen.. this is a move out of hype form NY open..


to all,
i took the long at 4710.. why?
-trader intution..
-trader experience..
-been there done that..
-seen it manytimes..
-speed rythym after the open..
-and just testing a entery as how i saw it 5 minute pass NY open with no worst then 1:1 RR..

you think any of this is based on some kind of X and O's or set in stone structure.. think again..
  • #5,962
  • Sep 17, 2009 9:10am Sep 17, 2009 9:10am
Quoting fxachilies
nice job... just be prepared for the retrace anytime its evident that it will happen.. this is a move out of hype form NY open..

i took the long at 4710.. why?
-trader intution..
-trader experience..
-been there done that..
-seen it manytimes..
-speed rythym after the open..
-and just testing a entery as how i saw it 5 minute pass NY open with no worst then 1:1 RR..

you think any of this is based on some kind of X and O's or set in stone structure.. think again..


WHat about the issue of trading during news FX?
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,963
  • Sep 17, 2009 9:11am Sep 17, 2009 9:11am
Quoting fxachilies
nice job... just be prepared for the retrace anytime its evident that it will happen.. this is a move out of hype form NY open..

i took the long at 4710.. why?
-trader intution..
-trader experience..
-been there done that..
-seen it manytimes..
-speed rythym after the open..
-and just testing a entery as how i saw it 5 minute pass NY open with no worst then 1:1 RR..

you think any of this is based on some kind of X and O's or set in stone structure.. think again..

I'm waiting for that retrace...
It will happen for sure after a 70 pips straight move to the upside...
  • #5,964
  • Sep 17, 2009 9:15am Sep 17, 2009 9:15am
Quoting jplo
I'm waiting for that retrace...
It will happen for sure after a 70 pips straight move to the upside...
I entered at 20 and am still holding currently 40
Survive and Preserve
  • #5,965
  • Sep 17, 2009 9:22am Sep 17, 2009 9:22am
BoHo here, only caught a partial on the runner.
GLTA, who got the runner
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  • #5,966
  • Sep 17, 2009 9:22am Sep 17, 2009 9:22am
out +9
  • #5,967
  • Sep 17, 2009 9:23am Sep 17, 2009 9:23am
WHAT HAPPENED TO SITTING ON OUR HANDS WHEN THERE ARE NEWS BREAKS?????
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,968
  • Sep 17, 2009 9:26am Sep 17, 2009 9:26am
guys.. let it breath and develop and play #1 before bailing out..
"if your not ready to leave money on the table, you will have a hard time catching runners.."

http://cdn.forexfactory.com/images/attach/gif.gif
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  • #5,969
  • Sep 17, 2009 9:27am Sep 17, 2009 9:27am
Quoting mac1956
WHAT HAPPENED TO SITTING ON OUR HANDS WHEN THERE ARE NEWS BREAKS?????
I sat on my hands
  • #5,970
  • Sep 17, 2009 9:29am Sep 17, 2009 9:29am
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...

$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,971
  • Sep 17, 2009 9:32am Sep 17, 2009 9:32am
Quoting mac1956
WHAT HAPPENED TO SITTING ON OUR HANDS WHEN THERE ARE NEWS BREAKS?????
To be honest....
I did not realize about that anouncement
  • #5,972
  • Sep 17, 2009 9:34am Sep 17, 2009 9:34am
Quoting mac1956
Mac,

There's news and there's news. Generally you need to worry about the EUR and USD entries marked red on the FF calendar. Maybe also if there is a cluster of three oranges all at the same time. Otherwise ignore it.
Too tired to argue. Too old to care.
  • #5,973
  • Sep 17, 2009 9:36am Sep 17, 2009 9:36am
Quoting davidb
Mac,

There's news and there's news. Generally you need to worry about the EUR and USD entries marked red on the FF calendar. Maybe also if there is a cluster of three oranges all at the same time. Otherwise ignore it.

Ahhhhhh - all that poses as news...isn't necessarily news. Got it. Thanks.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,974
  • Sep 17, 2009 9:37am Sep 17, 2009 9:37am
Quoting jplo
To be honest....
I did not realize about that anouncement

Just as well judging by the profit you pulled in. More power to you Jp
$urvive, Pre$erve & RESPECT THE TEACHER
  • #5,975
  • Sep 17, 2009 9:39am Sep 17, 2009 9:39am
Quoting mac1956
WHAT HAPPENED TO SITTING ON OUR HANDS WHEN THERE ARE NEWS BREAKS?????
Macdaddy.. what happen to you paying more attention..

the major news was two hours ago.. that fhily fed news can kiss my ass.. lol.. this move was all about yankee boys.. as how they saw it...
  • #5,976
  • Sep 17, 2009 9:41am Sep 17, 2009 9:41am
We are almost at page 400!!!
lol
  • #5,977
  • Sep 17, 2009 9:41am Sep 17, 2009 9:41am
Quoting mac1956
WHAT HAPPENED TO SITTING ON OUR HANDS WHEN THERE ARE NEWS BREAKS?????
It's still a good idea I think. I was trading CL at 10:00, didn't think the news was major enough to stop. Price dropped 30 ticks in less than 1 second and I got stopped out for a 30 tick loss. My execution was 2 ticks below the low of the bar (on my chart).

So I think sitting out for news is still good idea..
  • #5,978
  • Sep 17, 2009 9:50am Sep 17, 2009 9:50am
touchdown.. patience paying off.. its gonna crush this H/H..
however if it acts funny exit.. but give it time and watch every second of it.. speed & rythum thing..
  • #5,979
  • Sep 17, 2009 9:52am Sep 17, 2009 9:52am
next leg up
  • #5,980
  • Sep 17, 2009 9:53am Sep 17, 2009 9:53am
Quoting fxachilies
touchdown.. patience paying off.. its gonna crush this H/H..
however if it acts funny exit.. but give it time and watch every second of it.. speed & rythum thing..
I bailed.
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