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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)

  • #6,581
  • Sep 23, 2009 2:06am Sep 23, 2009 2:06am
Quoting dim4ik42
Friends!!!!!

Answer me please my question...


If I am still in trade, my SL is now at BE, and I let it run - DID I APPLY RUNNER MENTALITY NOW??????
4804 is your fcr... apply what i just posted above... so you sl should be at 4808-9
  • #6,582
  • Sep 23, 2009 2:07am Sep 23, 2009 2:07am
Quoting dim4ik42
Friends!!!!!

Answer me please my question...


If I am still in trade, my SL is now at BE, and I let it run - DID I APPLY RUNNER MENTALITY NOW??????

Affirmative!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #6,583
  • Sep 23, 2009 2:10am Sep 23, 2009 2:10am
Good Morning FX
Do you look at previous S/R levels ? for example Today's low @ 4784 ?
Do you ever set this levels as possible targets ?
London opening can be very risky... many times , reverses the trend.
Do you tight your SL when a market opens ?
Can you pls tell where is the last fcr/SL at this moment ?
Tks
David
Attached Image (click to enlarge)
Click to Enlarge Name: prev l & lnd.gif Size: 51 KB
  • #6,584
  • Sep 23, 2009 2:10am Sep 23, 2009 2:10am
Quoting fxachilies
4804 is your fcr... apply what i just posted above... so you sl should be at 4808-9
Ok!
then My stop have to be at -6 pips for me... Ok!... Now will put it there... So .. not BE yet...
  • #6,585
  • Sep 23, 2009 2:10am Sep 23, 2009 2:10am
guys look at it this way..
any profit under 20 pips is meant to be sacrifies for the runner..

so you sacrifies money on the table to catch runners..
  • #6,586
  • Sep 23, 2009 2:11am Sep 23, 2009 2:11am
Quoting mac1956
Affirmative!

Thank you, Friend!!!
  • #6,587
  • Sep 23, 2009 2:11am Sep 23, 2009 2:11am
Quoting david4u
Good Morning FX
Do you look at previous S/R levels ? for example Today's low @ 4784 ?
Do you ever set this levels as possible targets ?
London opening can be very risky... many times , reverses the trend.
Do you tight your SL when a market opens ?
Can you pls tell where is the last fcr/SL at this moment ?
Tks
David
'
I just keep'm in the backburner..
I know them but i its like i don't know them..
  • #6,588
  • Sep 23, 2009 2:14am Sep 23, 2009 2:14am
Quoting dim4ik42
Ok!
then My stop have to be at -6 pips for me... Ok!... Now will put it there... So .. not BE yet...
dim if your spread is 3pips.. I advise to change your broker.. mine is .8.. most places no more than 2pips..
  • #6,589
  • Sep 23, 2009 2:19am Sep 23, 2009 2:19am
Is the last fcr 4795 ?
Tks
David
Attached Image (click to enlarge)
Click to Enlarge Name: last fcr.gif Size: 52 KB
  • #6,590
  • Sep 23, 2009 2:19am Sep 23, 2009 2:19am
Quoting fxachilies
dim if your spread is 3pips.. I advise to change your broker.. mine is .8.. most places no more than 2pips..

Yeh... My spred on EUR is 2 pips... On another currencies 4pips...

I think about changing my broker...In Ukraine my broker is the only broker who gives so low spred on EUR... Others give 4pips...

Now I am thinking about foreign briker fir me... I have to look for.... May be Oanda... May be... But...
It will be excellent if broker will have russian-language service... for me it is better... I do not know english so good...
  • #6,591
  • Sep 23, 2009 2:19am Sep 23, 2009 2:19am
david,
i focus more on ther recent price action... i could have banked 20 easy base on the bounce of the todays low.. but it decieves me out of a runner oppourtunity alot of times or atleast half time.. so its in my advantage for me to not to pay attention to it..
however.. if i was into profit for 50 pips I might go ahead and bank when i see price messing around on that spot..

I hope it makes sense.. you know me i am outside the box

PS) feb always says.. don't worship anything on the chart.. focus on the task in hand.
in this case its just a todays low.. and sup/res are meant to be broken.. lol
  • #6,592
  • Sep 23, 2009 2:21am Sep 23, 2009 2:21am
FX,

Dont you want to add , but just dont let the +14 turn into a -14, or do you not care?

I see price reacted oddly at this level but not letting this winner turn into a loser. break even is fine, no problem just not letting it slam me for 6 for no reason.
Quoting fxachilies
david,
i focus more on ther recent price action... i could have banked 20 easy base on the bounce of the todays low.. but it decieves me out of a runner oppourtunity alot of times or atleast half time.. so its in my advantage for me to not to pay attention to it..
however.. if i was into profit for 50 pips I might go ahead and bank when i see price messing around on that spot..

I hope it makes sense.. you know me i am outside the box
Survive and Preserve
  • #6,593
  • Sep 23, 2009 2:22am Sep 23, 2009 2:22am
Should we start playing #1 Now ? It has failed twice on 4783
"Save your ass, then go for profit"
  • #6,594
  • Sep 23, 2009 2:24am Sep 23, 2009 2:24am
now oviously nobody likes the that long ass bull candel.. so now i will play #1 alot more aggresivly and try to preserve pips if it gives me the chance... if it keeps going up.. then i say fuck it.. i close at BE..
it wasn't meant to be runner.. so what.. no harm no foul..
I grab a new cup of coffee play with my dog and wait for the next opportunity..
  • #6,595
  • Sep 23, 2009 2:25am Sep 23, 2009 2:25am
I am still in trade!!!

Runner mentality!!!!!

I have to change me today... NOW!!!!

I do not afraid to leave the money on the table!!! (mantra)
  • #6,596
  • Sep 23, 2009 2:25am Sep 23, 2009 2:25am
While I get my final parts of work doen and get outta here to get home
Quoting fxachilies
now oviously nobody likes the that long ass bull candel.. so now i will play #1 alot more aggresivly and try to preserve pips if it gives me the chance... if it keeps going up.. then i say fuck it.. i close at BE..
it wasn't meant to be runner.. so what.. no harm no foul..
I grab a new cup of coffee play with my dog and wait for the next opportunity..
Survive and Preserve
  • #6,597
  • Sep 23, 2009 2:26am Sep 23, 2009 2:26am
Quoting en0x
FX,

Dont you want to add , but just dont let the +14 turn into a -14, or do you not care?

I see price reacted oddly at this level but not letting this winner turn into a loser. break even is fine, no problem just not letting it slam me for 6 for no reason.

ENOX.. i thought you went to work.. lol
just kidding..
  • #6,598
  • Sep 23, 2009 2:26am Sep 23, 2009 2:26am
Fx,

A question that may come up..... we seem to be in a mini range atm IF this turns into a ranging period would you Then exit your trade based on time/rythm and get ready for a BB instead of letting hit your SL at the most recent fcr (4809 +-) so that you can jump in the next bus a bit earlier?

Thanks
Unus pro omnibus, omnes pro uno
  • #6,599
  • Sep 23, 2009 2:27am Sep 23, 2009 2:27am
IF 4795 is actually the last FCR
that means that we are supposed to close our short position and reverse into a LONG one ?
OR too early , too aggressive
Tks
David
Attached Image (click to enlarge)
Click to Enlarge Name: reverse 4795.gif Size: 52 KB
  • #6,600
  • Sep 23, 2009 2:28am Sep 23, 2009 2:28am
Quoting fxachilies
.
I grab a new cup of coffee play with my dog and wait for the next opportunity..
haha i like it
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