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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)

  • #6,461
  • Sep 22, 2009 8:32am Sep 22, 2009 8:32am
I am going to sleep now. Normally I trade another 2 hours from now but my work collegue is off so I need to get up in about 6 hours to work the double, and for the rest of this week.

Anyways made near 70 pips today. Cant complain
Quoting moneda
Fx,

I have a question for you... what if a new bracket is formed with this trade? do you exit with +pips and reload for the next BB?

Thanks
Survive and Preserve
  • #6,462
  • Sep 22, 2009 8:33am Sep 22, 2009 8:33am
playing another #1.....

But a free game for me now......
  • #6,463
  • Sep 22, 2009 8:35am Sep 22, 2009 8:35am
Quoting moneda
Fx,

I have a question for you... what if a new bracket is formed with this trade? do you exit with +pips and reload for the next BB?

Thanks
yes i exit at top by playing #1 and wait for the next BB..
  • #6,464
  • Sep 22, 2009 8:39am Sep 22, 2009 8:39am
Quoting en0x
I am going to sleep now. Normally I trade another 2 hours from now but my work collegue is off so I need to get up in about 6 hours to work the double, and for the rest of this week.

Anyways made near 70 pips today. Cant complain

nice job buddy..
don't work too hard.. lol
  • #6,465
  • Sep 22, 2009 8:40am Sep 22, 2009 8:40am
Paul,

THANK YOU.
Unus pro omnibus, omnes pro uno
  • #6,466
  • Sep 22, 2009 8:41am Sep 22, 2009 8:41am
Quoting PaulLangham
Hey Fx,

OK I will try to keep this on track and stick to question you asked, but will mention that I am an experienced trader with quite some years experience and with quite some ups and downs in terms of consistency of results. This is the elusive “something” which many of us have trouble attaining.

[font=Times New Roman][size=3]Again, without going off track – this is maybe good for newbie’s - , I will explain I have traded quite a few differing styles, taught...
Amazing post. Amazing. Thanks trully.
  • #6,467
  • Sep 22, 2009 8:43am Sep 22, 2009 8:43am
Quoting PaulLangham
Hey Fx,

OK I will try to keep this on track and stick to question you asked, but will mention that I am an experienced trader with quite some years experience and with quite some ups and downs in terms of consistency of results. This is the elusive “something” which many of us have trouble attaining.

[font=Times New Roman][size=3]Again, without going off track – this is maybe good for newbie’s - , I will explain I have traded quite a few differing styles,...

This thread is amazing!
  • #6,468
  • Sep 22, 2009 8:46am Sep 22, 2009 8:46am
out @ BE...
  • #6,469
  • Sep 22, 2009 8:49am Sep 22, 2009 8:49am
i am testing the market at this short fcr.. lets see what happens.. maybe NY open is a bearish ride..
only my 2nd trade of the day..
first one good for +59..


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  • #6,470
  • Sep 22, 2009 8:54am Sep 22, 2009 8:54am
Quoting fxachilies
i am testing the market at this short fcr.. lets see what happens.. maybe NY open is a bearish ride..
only my 2nd trade of the day..
first one good for +59..


http://cdn.forexfactory.com/images/attach/gif.gif
Is it not too near the lower boundary, FX?
  • #6,471
  • Sep 22, 2009 8:55am Sep 22, 2009 8:55am
News in 5 mins.
  • #6,472
  • Sep 22, 2009 9:03am Sep 22, 2009 9:03am
Quoting guess121
News in 5 mins.
Guess,

Elaborate and tell us why you think we should take it into consideration.

Thanks
Unus pro omnibus, omnes pro uno
  • #6,473
  • Sep 22, 2009 9:16am Sep 22, 2009 9:16am
I am a lurker on this thread... following the system, quietly...

Though I am short at the moment...

I am at work at the moment... so can't go into much... the market has not moved, cause they are waiting for news, which is late... for some reason.

Quoting moneda
Guess,

Elaborate and tell us why you think we should take it into consideration.

Thanks
  • #6,474
  • Sep 22, 2009 9:29am Sep 22, 2009 9:29am
nice post.. I apperciated Paul..
If you don't mind i like to input a short summery here.. a quick story..
guys.. afew weeks ago, Paul or (fxachilies 6mo ago).. was not catching whole lot of runners.. so he made less or its safe to say he did not take full advantage of a given ride.. as a result he cut winners short and fell into risky countituation signals.. by doing that most times he gave back what he made on his small made profits..
Paul at best brokeven or made little at end.. bottomline = BE

Now.. Paul holds on to his postions a lil longer and pursues runners.. as a result he catches more runners..
so he takes full advantage of given rides most times.. as a result he don't get into risky counitnuation signals in no mansland no more.. so he has eliminated those losses now..
by one psychological change and the help of some technical techinques.. he makes more and gives away less.. his bottomline is fat now.. and more confident than ever..
what do you think.. he concur with me on this?.. lol.. just don't ask for his financial statment.. lol

a lot of you guys are in the first stage like Paul was once .. as I was once.. as moneda was once.. as feb was once.. and others before you..
make the change if it makes any sense to you.. and practise it day in day out.. and stay humble.. its a maraton and not a dash.. it takes time.. with screen time devotion and many practise trades you'll develop this thing called habit and trade intuion along the way.. and then you got a chance in this market..
thats it..
  • #6,475
  • Sep 22, 2009 9:34am Sep 22, 2009 9:34am
Quoting guess121
I am a lurker on this thread... following the system, quietly...

Though I am short at the moment...

I am at work at the moment... so can't go into much... the market has not moved, cause they are waiting for news, which is late... for some reason.
Guess,

Not problem being a lurker... we just don't predict here....
We have covered this subject on trading during "major" news several times... take the time to do a search so that you are on the same page as the rest of non-lurkers
Unus pro omnibus, omnes pro uno
  • #6,476
  • Sep 22, 2009 9:39am Sep 22, 2009 9:39am
its not easy but do able..
specially the first hurdel.. but do able..
the rest is also not so easy but do able..

don't take the market for granted but don't give in too easy either..


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  • #6,477
  • Sep 22, 2009 9:40am Sep 22, 2009 9:40am
Hello,

Are any of you familiar with the TV show Gunsmoke? The deputy sheriff was Festus and the sheriff was Matt Dillon. We know who Matt Dillion is here....we can take turns playing the role of Festus..
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Unus pro omnibus, omnes pro uno
  • #6,478
  • Sep 22, 2009 9:49am Sep 22, 2009 9:49am
I closed out there FX and now I am long and up 7 pips.

Quoting fxachilies
its not easy but do able..
specially the first hurdel.. but do able..
the rest is also not so easy but do able..

don't take the market for granted but don't give in too easy either..


http://cdn.forexfactory.com/images/attach/gif.gif
  • #6,479
  • Sep 22, 2009 9:53am Sep 22, 2009 9:53am
Quoting fxachilies
its not easy but do able..
specially the first hurdel.. but do able..
the rest is also not so easy but do able..

don't take the market for granted but don't give in too easy either..
Hi Fx, could you explain me how did you play #2 here?

I meant, the very first candle after your entry was a nasty green candle, so I think you were gonna play #2, then, the next two ones hitted the low, and again two retrace candles...

What did it make you to hold the position and not get out @ BE?

Thanks in advance, buddy
  • #6,480
  • Sep 22, 2009 9:54am Sep 22, 2009 9:54am
Guys be careful here.... volume is building up here and it's going break downwards I think... closed 10 pips or so... but get ready for a move, don't know which way, but I am not trading until I see clear direction.

Quoting guess121
I closed out there FX and now I am long and up 7 pips.
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