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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)

  • #6,201
  • Sep 21, 2009 6:06am Sep 21, 2009 6:06am
Long as well.....
I hope we gotta play #1.....

I´m ready for this thing stalling a litle bit on the past range upper boundarie
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  • #6,202
  • Sep 21, 2009 6:10am Sep 21, 2009 6:10am
Quoting en0x
Mine is at 4662 to enter long.
me too, i am in at 62.. lets do it.. ... there might be some hesitaion at HH point.. I hope it doesn't dick around toomuch there.. lol
  • #6,203
  • Sep 21, 2009 6:10am Sep 21, 2009 6:10am
Quoting fxachilies
so what elizo did there and DX conforming it, it's valid, but it considers more for a short scalping (not our job discription) and you witnessed that elizo did have to exit for a short scalp of +7 pips.. thats trading on your toes a bit.. and you got to have the panic botton ready..

I hope it makes sense..
Makes totally sense. Actually the reason why I posted this deal is exactly that one: to open the dialog about advantages and disadvantages of this. I agree that is not the best opportunity to test the waters.

Thanks.
  • #6,204
  • Sep 21, 2009 6:12am Sep 21, 2009 6:12am
Quoting en0x
Now on the bus, looks like we doing a little trip UP wall street, lets see if it can continue to Alaska.
what do you mean alaska.. we want to take us to the MOON.. lol

but it looks like its taking us to the bronx.. lol
  • #6,205
  • Sep 21, 2009 6:15am Sep 21, 2009 6:15am
Quoting elizo
Makes totally sense. Actually the reason why I posted this deal is exactly that one: to open the dialog about advantages and disadvantages of this. I agree that is not the best opportunity to test the waters.

Thanks.
I like to see you guys to explore that.. but.. you got to really pick and choose your time.. i don't normally do it in such bracket..
but i like your courage..
  • #6,206
  • Sep 21, 2009 6:21am Sep 21, 2009 6:21am
now guys
some commonsense.. you can exit this since is not moving against you so fast at under 5pips loss and treat it as a 123 reentery or original HH.. and in this particular say the hell with plying #1&2...
now you see how felixible you can be.. don't warship anything as Feb always says..

if your in it too far into loss.. then give the retrace a chance and ply #2
  • #6,207
  • Sep 21, 2009 6:26am Sep 21, 2009 6:26am
THis makes a lot of sense to me.
Quoting fxachilies
now guys
some commonsense.. you can exit this since is not moving against you so fast at under 5pips loss and treat it as a 123 reentery or original HH.. and in this particular say the hell with plying #1&2...
now you see how felixible you can be.. don't warship anything as Feb always says..

if your in it too far into loss.. then give the retrace a chance and ply #2
Survive and Preserve
  • #6,208
  • Sep 21, 2009 6:29am Sep 21, 2009 6:29am
Quoting en0x
THis makes a lot of sense to me.
enox... only in situations like this.. when there too close to eachother..
i personally did not play that..
  • #6,209
  • Sep 21, 2009 6:30am Sep 21, 2009 6:30am
Quoting jplo
Hey gevellber,
No offense, mate, but.........
123 definition??
Pg.1 and on.....
hay,
that what you mean is 123 in the thread language?
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it's a huge gap tony, a huge gap.
  • #6,210
  • Sep 21, 2009 6:34am Sep 21, 2009 6:34am
Quoting fxachilies
enox... only in situations like this.. when there too close to eachother..
i personally did not play that..
Now I move my Stop-loss to area 1,4650... because price did make new down fractal at 1,4655...

So my question - do you consider this like too cloese to price, or I can do like this because the fractal at 4655???

Your comment please!
  • #6,211
  • Sep 21, 2009 6:34am Sep 21, 2009 6:34am
Quoting gevellber02
hay,
that what you mean is 123 in the thread language?
Exactly what I meant...
To be perfect.... the first swing must have about 30 - 40 pips.....
This is a little bit smaller, but anyway, this ok, for me at least.....
  • #6,212
  • Sep 21, 2009 6:37am Sep 21, 2009 6:37am
ok out at BE... 2nd rejection there is no good for me.. it looks like to go long it must go above H/H...
  • #6,213
  • Sep 21, 2009 6:38am Sep 21, 2009 6:38am
Price failed to break higher, FCR at 14656
  • #6,214
  • Sep 21, 2009 6:38am Sep 21, 2009 6:38am
Now do we go short at 4655 (4652)?

Quoting fxachilies
ok out at BE... 2nd rejection there is no good for me.. it looks like to go long it must go above H/H...
Survive and Preserve
  • #6,215
  • Sep 21, 2009 6:41am Sep 21, 2009 6:41am
Quoting dim4ik42
Now I move my Stop-loss to area 1,4650... because price did make new down fractal at 1,4655...

So my question - do you consider this like too cloese to price, or I can do like this because the fractal at 4655???

Your comment please!
your sl is fine... but you don't want it to be hit.. as you should play #2 and exit this at BE like I did.. price is abviously having a hard time breaking the HH line for now..
  • #6,216
  • Sep 21, 2009 6:41am Sep 21, 2009 6:41am
Played #1...
but.... not too much expectancy... out @ BE
Waiting for the next bus
  • #6,217
  • Sep 21, 2009 6:45am Sep 21, 2009 6:45am
What about the FCR @ 4655
It is 13 or 14 pips away from the bottom of the recent range...
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  • #6,218
  • Sep 21, 2009 6:45am Sep 21, 2009 6:45am
i would give it test there at 4656.. but we are back to the long bracket.. so know your risk and have the panic finger ready... don't be so anxious at this moments to get a trade in.. they are not the best or most ideal enteries.. but on other hand it could be the begining of a major run.. who the fuck knows..
give it a shot.. but be discipline to swallow the loss and not let it get to a big damage..
  • #6,219
  • Sep 21, 2009 6:45am Sep 21, 2009 6:45am
Quoting david4u
Placed a Buy Stop order 4 pips above the fcr @ 4670 .
Could not play #2 as there was no retracement to the entry point.
Out for SL of 25 pips .
Any mistakes ? Should have chosen fcr #3 instes of #2 ?
Can you see an early exit from this trade when there is no retracement ?
Any way I could have filtered this fakeout ?
Tks
David
Hi David,
your mistake was by entering to not the most recent fractal and as a result you pay the ultimate price for it,
as for example: elizo and myself had the entry @ 1.4657 where my S/L @ 1.4637 still untouched and safe from the heat.
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  • #6,220
  • Sep 21, 2009 6:52am Sep 21, 2009 6:52am
Quoting fxachilies
i would give it test there at 4656.. but we are back to the long bracket.. so know your risk and have the panic finger ready... don't be so anxious at this moments to get a trade in.. they are not the best or most ideal enteries.. but on other hand it could be the begining of a major run.. who the fuck knows..
give it a shot.. but be discipline to swallow the loss and not let it get to a big damage..
The more it bounces on the highs at 70s, the more I consider that 55 bearish bus as a valid one...
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