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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)

  • #6,841
  • Sep 24, 2009 2:28am Sep 24, 2009 2:28am
Quoting gevellber02
moved sl to 4751
Hi Gevellber,

In case you wanna play #1 here, you should have given some more bridding room to the price to ulfold the full pullback and see closely how it reacts when it tries to reach HH again....

Apart from that, if a FCR is formed, you should set your SL 3 pips below it (in this case), because markets are not perfect and does not respect things right to the pip....

Only my humble opinion,
Hope it helps....
  • #6,842
  • Sep 24, 2009 2:30am Sep 24, 2009 2:30am
the long guys hold your ground let this retrace to really develop and play #1.. keep sl from the heat..

guys who are anxious to go short... don't its too permature.. let things develop you ain't got a solid fcr yet..
  • #6,843
  • Sep 24, 2009 2:32am Sep 24, 2009 2:32am
I got stopped out but I got stopped out cause my spread just widened by near 10 pips...

Moneda did you notice that in Oanda? there is no news now. What the heck...
literally widended to near 10 pips. its now back to normal.

and no news...

Quoting fxachilies
the long guys hold your ground let this retrace to really develop and play #1.. keep sl from the heat..

guys who are anxious to go short... don't its too per mature.. let things develop you ain't got a solid fcr yet..
Survive and Preserve
  • #6,844
  • Sep 24, 2009 2:34am Sep 24, 2009 2:34am
can someone please tell me what their low point in this swing is on your charts? Mine is showing 1.4747. Just want to confirm. No point in crying over spilt milk but just would like to know for my own sake.
Survive and Preserve
  • #6,845
  • Sep 24, 2009 2:36am Sep 24, 2009 2:36am
why not!
  • #6,846
  • Sep 24, 2009 2:37am Sep 24, 2009 2:37am
hey enox mine is 46
Survive & Preserve
  • #6,847
  • Sep 24, 2009 2:38am Sep 24, 2009 2:38am
Quoting en0x
can someone please tell me what their low point in this swing is on your charts? Mine is showing 1.4747. Just want to confirm. No point in crying over spilt milk but just would like to know for my own sake.
47465 on mine
  • #6,848
  • Sep 24, 2009 2:38am Sep 24, 2009 2:38am
Quoting en0x
can someone please tell me what their low point in this swing is on your charts? Mine is showing 1.4747. Just want to confirm. No point in crying over spilt milk but just would like to know for my own sake.
1.4747 on Oanda too. I am curious too about other brokers.
  • #6,849
  • Sep 24, 2009 2:38am Sep 24, 2009 2:38am
Quoting jplo
Hi Gevellber,

In case you wanna play #1 here, you should have given some more bridding room to the price to ulfold the full pullback and see closely how it reacts when it tries to reach HH again....

Apart from that, if a FCR is formed, you should set your SL 3 pips below it (in this case), because markets are not perfect and does not respect things right to the pip....

Only my humble opinion,
Hope it helps....
I second that..
nice explanation Spaniard..

to add.. Patience.. let things develop.. stick to the plan.. read that long post 10more times if you have too..
if you got sl hit.. its soley your fault..
if got triggered for short it's solely you fault..

(read that long post a few times if you dont get it ready a few more times.. if you don't get it read and rearead if you have too..)
  • #6,850
  • Sep 24, 2009 2:41am Sep 24, 2009 2:41am
Thanks mate, I just dont understand how or why this spread just widened, as if it was news time.

Blah, oh well. Rinse and repeat
Quoting jplo
47465 on mine
Survive and Preserve
  • #6,851
  • Sep 24, 2009 2:42am Sep 24, 2009 2:42am
we now have an FCR at 14747 for shortys
  • #6,852
  • Sep 24, 2009 2:47am Sep 24, 2009 2:47am
Quoting fxachilies
the long guys hold your ground let this retrace to really develop and play #1.. keep sl from the heat..

guys who are anxious to go short... don't its too permature.. let things develop you ain't got a solid fcr yet..

I'm really bad at distinguishing shortside FCRs - 14570 looked to me like the 2 in the 123.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #6,853
  • Sep 24, 2009 2:48am Sep 24, 2009 2:48am

mine is 46.3.. and that is a fcr..
you put can put your sl there now.. you can take a short trade now.. you can feed your dog now, etc.. or you can grab a cup of coffee like me and sit back relax place your orders..
whats the damn hurry!!!!!

  • #6,854
  • Sep 24, 2009 2:49am Sep 24, 2009 2:49am
Quoting jplo
Hi Gevellber,

In case you wanna play #1 here, you should have given some more bridding room to the price to ulfold the full pullback and see closely how it reacts when it tries to reach HH again....

Apart from that, if a FCR is formed, you should set your SL 3 pips below it (in this case), because markets are not perfect and does not respect things right to the pip....

Only my humble opinion,
Hope it helps....
got it jplo
what you said is that that FCR was premature ?
it's a huge gap tony, a huge gap.
  • #6,855
  • Sep 24, 2009 2:49am Sep 24, 2009 2:49am
Quoting mac1956
I'm really bad at distinguishing shortside FCRs - 14570 looked to me like the 2 in the 123.

Sorry, not 14570 - derrrr - 14753 looked like the new low.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #6,856
  • Sep 24, 2009 2:51am Sep 24, 2009 2:51am
i bailed on the long trade when it failed to make a higher high, news in about 10 mins
Survive & Preserve
  • #6,857
  • Sep 24, 2009 2:52am Sep 24, 2009 2:52am
mac, i think you need to see a type of mini swing high, then low and then another little swing high (it might be higher, even with or lower than your first swing high(2 of your 1,2,3)) before you can establish to go short on an fcr. what we had here was just different colored candles, but no structure, hope that makes sense.
  • #6,858
  • Sep 24, 2009 2:52am Sep 24, 2009 2:52am
Quoting mac1956
I'm really bad at distinguishing shortside FCRs - 14570 looked to me like the 2 in the 123.
amen to that.. lol
just kidding.. its hard love budd..
  • #6,859
  • Sep 24, 2009 2:53am Sep 24, 2009 2:53am
Quoting gevellber02
got it jplo
what you said is that that FCR was premature ?
Yes, I did....

Fx talked on this in the last posts, take a look....
  • #6,860
  • Sep 24, 2009 3:02am Sep 24, 2009 3:02am
Quoting jplo
Yes, I did....

Fx talked on this in the last posts, take a look....
on the short said now
Attached Image (click to enlarge)
Click to Enlarge Name: 16.gif Size: 12 KB
it's a huge gap tony, a huge gap.
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