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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)

  • #6,701
  • Sep 23, 2009 5:32am Sep 23, 2009 5:32am
Quoting en0x
So now if it does break the LL, we are watchers right?
Big doubt here... I don't like continuation bets but... 70 has been a big support yesterday and today... a breathrough here (expectancy, not crystal ball) may well do the big Grizzlie's dance...
  • #6,702
  • Sep 23, 2009 5:33am Sep 23, 2009 5:33am
Quoting benkm108
moved stop to be, seeing if it can break LL again. trying to implement runner mentality
  • #6,703
  • Sep 23, 2009 5:33am Sep 23, 2009 5:33am
Yip, what I was confirming. Rather take the long over the recent FCR.

Quoting fxachilies
yes either you don't get out or now shut out.. as you see it is a nasty countinuation signal.. price is acting sissy.. so let it be..
Survive and Preserve
  • #6,704
  • Sep 23, 2009 5:33am Sep 23, 2009 5:33am
Quoting en0x
So now if it does break the LL, we are watchers right?
Yes I'll do...

Played #2, and now... waiting to see PA...

I have my order long @ 4792

To the downside, I will be more hesitant..... continuation, fakeout.....etc...
  • #6,705
  • Sep 23, 2009 5:34am Sep 23, 2009 5:34am
Quoting fxachilies
perfect my friend.. the name of the game at moment with this fakeout in our hand is to survive
You can't imagine how much I really appreciate this post from you... not because it confirms my decission but more important... we will have more deals sooner than later. This could end on a big runner down... or not, but we played rationally.
  • #6,706
  • Sep 23, 2009 5:35am Sep 23, 2009 5:35am
Hello,

I am still in but I have my finger on the trigger if I see pa go north with some authority.
Unus pro omnibus, omnes pro uno
  • #6,707
  • Sep 23, 2009 5:37am Sep 23, 2009 5:37am
Quoting moneda
Hello,

I am still in but I have my finger on the trigger if I see pa go north with some authority.
Also still in , was very close to exit but price stalling - let's see
Survive and Preserve
  • #6,708
  • Sep 23, 2009 5:39am Sep 23, 2009 5:39am
stopped out at b/e not bothered as i let the opportunity unfold.

edit: i take it the 14789 FcR is still valid even though it was inside our last bracket?
  • #6,709
  • Sep 23, 2009 5:45am Sep 23, 2009 5:45am
Hello,

Ok, Iam out...you know guys...sometimes is better to do what most of you did not only to control risk but to save your mental energy... the waiting can rub your stress level like sand paper.
Unus pro omnibus, omnes pro uno
  • #6,710
  • Sep 23, 2009 5:49am Sep 23, 2009 5:49am
Quoting moneda
Hello,

Ok, Iam out...you know guys...sometimes is better to do what most of you did not only to control risk but to save your mental energy... the waiting can rub your stress level like sand paper.
To be honest, and after all this has happened, the best way to act would have been to set a very strict SL on 89... that means in my case a tiny loss of 7 pips + spread, vs my loss of 2. Not a big difference and a chance of really running a big wave.

The battle between bulls and bears is wild now. We all know this is a key area.
  • #6,711
  • Sep 23, 2009 5:56am Sep 23, 2009 5:56am
Quoting elizo
To be honest, and after all this has happened, the best way to act would have been to set a very strict SL on 89... that means in my case a tiny loss of 7 pips + spread, vs my loss of 2. Not a big difference and a chance of really running a big wave.

The battle between bulls and bears is wild now. We all know this is a key area.
Elizo,

I hope that everyone here is being honest I don't disagree with you but predicting and hindsight when it comes to live action does not cut it. We will see when the bus takes off.

Suerte
Unus pro omnibus, omnes pro uno
  • #6,712
  • Sep 23, 2009 5:57am Sep 23, 2009 5:57am
guys i be less attentive now.. i got my gf here now...
so i have be attentive to here now..

my system is on though.. cya for now
  • #6,713
  • Sep 23, 2009 5:59am Sep 23, 2009 5:59am
Quoting moneda
Elizo,

I hope that everyone here is being honest I don't disagree with you but predicting and hindsight when it comes to live action does not cut it. We will see when the bus takes off.

Suerte
Appreciate... just doing a "post-mortem" of that deal.

Learning and learning... I feel more and more comfortable, guys. Thanks.
  • #6,714
  • Sep 23, 2009 5:59am Sep 23, 2009 5:59am
Quoting fxachilies
guys i be less attentive now.. i got my gf here now...
so i have be attentive to here now..

my system is on though.. cya for now
Fx,

Right on bro, very important for long term relationship success.
Unus pro omnibus, omnes pro uno
  • #6,715
  • Sep 23, 2009 6:02am Sep 23, 2009 6:02am
I've taken this short at 14772
$urvive, Pre$erve & RESPECT THE TEACHER
  • #6,716
  • Sep 23, 2009 6:08am Sep 23, 2009 6:08am
Quoting mac1956
I've taken this short at 14772
good luck mac, be careful my friend it looks quite volatile around those parts at the moment. hope you get a runner
  • #6,717
  • Sep 23, 2009 6:10am Sep 23, 2009 6:10am
Let me ask you a question Mon,

Concerned to one of your posts a few days ago....

Would you consider, on this situation, not taking any entry till NY open?... as far as it seems like price needs some fuel to go either to the upside or to the downside??

Thanks in advance buddy
  • #6,718
  • Sep 23, 2009 6:12am Sep 23, 2009 6:12am
Quoting benkm108
good luck mac, be careful my friend it looks quite volatile around those parts at the moment. hope you get a runner

Into the teeth of the chop monster potentially.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #6,719
  • Sep 23, 2009 6:20am Sep 23, 2009 6:20am
Quoting jplo
Let me ask you a question Mon,

Concerned to one of your posts a few days ago....

Would you consider, on this situation, not taking any entry till NY open?... as far as it seems like price needs some fuel to go either to the upside or to the downside??

Thanks in advance buddy
Jplo,

In most cases we know from Feb and others that the first swing of a new session gives us the action that we are looking for aside from major news releases when we wait for the dust to settle. However, in this case we can not get caught up on concepts...you need the flexibility to act regardless of whether it is at the beginning of the session or not. I think that Mac touch on this in one of his posts. In cases like we have atm, I tend to put my orders a bit higher/lower than the bracket.. I rather loose a few pips than get caught in the range.

Hope this helps
Unus pro omnibus, omnes pro uno
  • #6,720
  • Sep 23, 2009 6:22am Sep 23, 2009 6:22am
Who is willing to buy on th rcf at 1,4784???
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