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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)

  • #6,961
  • Sep 24, 2009 8:59am Sep 24, 2009 8:59am
Quoting fxachilies
guys for the past half an hour i am having problem with this site.. not refreshing a page under 10 min.. or when it does it half page and stuff.. i don't know whats the problem..
sorry if i cant get back to you guys on time..
Fx,

Could it be that you are short on RAM? Try restarting and/or reducing the # of things running.
Unus pro omnibus, omnes pro uno
  • #6,962
  • Sep 24, 2009 9:08am Sep 24, 2009 9:08am
Still riding this thing at 60 pips...

Fueled by the news, as Fx advertised some days ago.....
  • #6,963
  • Sep 24, 2009 9:10am Sep 24, 2009 9:10am
Quoting jplo
Still riding this thing at 60 pips...

Fueled by the news, as Fx advertised some days ago.....
I feel a bit stupid. I exited at +2 pips because of the existing home sales news. I thought with all the overlapping bars that the Euro might react to the news.

I really don't understand how to know what news we stand aside and what news we don't. As a result I missed a huge opportunity. I'm sharing this because maybe someone else did the same as me and we can learn from my mistake.
  • #6,964
  • Sep 24, 2009 9:11am Sep 24, 2009 9:11am
Quoting fxachilies
guys for the past half an hour i am having problem with this site.. not refreshing a page under 10 min.. or when it does it half page and stuff.. i don't know whats the problem..
sorry if i cant get back to you guys on time..

Sometimes the FF servers get overloaded around announcements - had that problem before, and the site freezes and will not refresh.

That particular fault is at their end - need more capacity.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #6,965
  • Sep 24, 2009 9:13am Sep 24, 2009 9:13am
Quoting cunparis
I feel a bit stupid. I exited at +2 pips because of the existing home sales news. I thought with all the overlapping bars that the Euro might react to the news.

I really don't understand how to know what news we stand aside and what news we don't. As a result I missed a huge opportunity. I'm sharing this because maybe someone else did the same as me and we can learn from my mistake.

Red flag news or more than one beige news at the same time we sit out - unless you happen to have SL on break even or profit in a longstanding live trade - in which case set teh stoploss tight on the profit and wait for the reaction which might just go in your favour.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #6,966
  • Sep 24, 2009 9:13am Sep 24, 2009 9:13am
excuse me for interrupting your session once again. where can i get that tool that you have which looks like fibonacci levels but has entry tp1 tp2 on the first side and the retracement levels at the other site ? i think you know what i am asking about.
  • #6,967
  • Sep 24, 2009 9:16am Sep 24, 2009 9:16am
Quoting mac1956
Red flag news or more than one beige news at the same time we sit out - unless you happen to have SL on break even or profit in a longstanding live trade - in which case set teh stoploss tight on the profit and wait for the reaction which might just go in your favour.
Ok that's pretty much what I've been doing.

I don't understand how JLP is up 60 ticks, my entry was at 4761. Often with news price will move up or down 5-10 ticks and then go in the real direction. So I only had +2 pips so I thought it was best to exit cause I thought if I put my stop at BE I'd get stopped out. I was wrong about that in fact had I put a BE stop I'd still be in the trade. So next time no matter what If I'm positive I'll put a stop at BE and if I'm negative I"ll exit.
  • #6,968
  • Sep 24, 2009 9:18am Sep 24, 2009 9:18am
[quote=feline207;3089740]excuse me for interrupting your session once again. where can i get that tool that you have which looks like fibonacci levels but has entry tp1 tp2 on the first side and the retracement levels at the other site ? i think you know what i am asking about.[quote]

Feline,

...... you are a funny guy!
Unus pro omnibus, omnes pro uno
  • #6,969
  • Sep 24, 2009 9:18am Sep 24, 2009 9:18am
Quoting cunparis
I feel a bit stupid. I exited at +2 pips because of the existing home sales news. I thought with all the overlapping bars that the Euro might react to the news.

I really don't understand how to know what news we stand aside and what news we don't. As a result I missed a huge opportunity. I'm sharing this because maybe someone else did the same as me and we can learn from my mistake.
im in the same situation cunparis, missed this one unfortunately, thought it was a good idea to sit out and wait for the dust to settle. its hard to know. well done to those who took, its been a lovely little number.
  • #6,970
  • Sep 24, 2009 9:18am Sep 24, 2009 9:18am
so youre going to make fun of me ?
  • #6,971
  • Sep 24, 2009 9:20am Sep 24, 2009 9:20am
Quoting jplo
Still riding this thing at 60 pips...

Fueled by the news, as Fx advertised some days ago.....
hay jplo
i enter at 4764 under the 4766 FCR because i though this is the right thing to do, after the discussion here before
any way nice trad, i guess you can call it a runner
it's a huge gap tony, a huge gap.
  • #6,972
  • Sep 24, 2009 9:20am Sep 24, 2009 9:20am
Quoting feline207
so youre going to make fun of me ?
YES.... you give me no choice! Please somebody help him..find an indicator...which is why we have one on our charts.
Unus pro omnibus, omnes pro uno
  • #6,973
  • Sep 24, 2009 9:23am Sep 24, 2009 9:23am
Quoting feline207
so youre going to make fun of me ?

We draw all of our lines in by hand Feline. We do not use any indicators. It is a bit laborious, but you will have read at teh outset, this is trading naked. No tools, no MA's, Fibs, Bollingers, Stochastics - nothing historical, no predictions, NADA. Just simple thinking and perseverence.

Hope this helps.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #6,974
  • Sep 24, 2009 9:23am Sep 24, 2009 9:23am
Quoting cunparis
I feel a bit stupid. I exited at +2 pips because of the existing home sales news. I thought with all the overlapping bars that the Euro might react to the news.

I really don't understand how to know what news we stand aside and what news we don't. As a result I missed a huge opportunity. I'm sharing this because maybe someone else did the same as me and we can learn from my mistake.
This trade was this way: I entered short at 83.8 at 15.06 CET... deal was in my favor an with positive R/R... moved SL at BE once PA defined a new FCR at 80... Then, if "data" moves the market against me, I am out at BE... it's a free ride...

HOWEVER...

It's my first week applying this and... omg, I jumped out at +50!!! I am not used to this biiiiiiiiiiig runners... not used the market to be soooooooo vertical on my favour.

No worries, this sets me on my weekly budget, I am learning to wait for the next one and money in my pocket, learning to "swim in the excess". But listen, boys and girls... don't do this at home!!!!

HOLD YOUR GROUNDS!!!!!!!!!!!!!


Never thought I was going to be able to ride these ones... Thanks FEB, FX, Moneda, Paul...

And thanks Jplo.

  • #6,975
  • Sep 24, 2009 9:25am Sep 24, 2009 9:25am
Out @ + 74 pips....

  • #6,976
  • Sep 24, 2009 9:25am Sep 24, 2009 9:25am
Feline, i think youre referring to some posts from a few months ago, when there was a set TP. There is no longer a set TP, and we look for runners, so there is no reason to use the fib anymore. you just draw lines under swings and fcr's, and look for the runner, which we currently have on our hands!
  • #6,977
  • Sep 24, 2009 9:25am Sep 24, 2009 9:25am
Quoting mac1956
We draw all of our lines in by hand Feline. We do not use any indicators. It is a bit laborious, but you will have read at teh outset, this is trading naked. No tools, no MA's, Fibs, Bollingers, Stochastics - nothing historical, no predictions, NADA. Just simple thinking and perseverence.

Hope this helps.
got in before me
  • #6,978
  • Sep 24, 2009 9:26am Sep 24, 2009 9:26am
Quoting jplo
Out @ + 74 pips....


Still holding I joined lower down - That was a great entry u took Jplo

Anyone still not believe in 'the runner' ?
Survive and Preserve
  • #6,979
  • Sep 24, 2009 9:29am Sep 24, 2009 9:29am
i dont care about your choice. youre no superhero in my eyes just because you can trade forex. look i am not in the right to be mean here because you have been posting for a long time and i am new, but i just dont care about your strange american , spanish or whatever kind of humour you demonstrate. i am here to learn and it is perfectly normal that i know almost nothing , because i have just started learning forex and dont have 1/10th of the experience that you have. so even if i ask questions that look stupid to you, you either give me an answer, or explain to me why the question is silly, or there is a third option - just dont answer and PROBABLY someone else will do it if there are other more generous people here. thats the reason many readers arent posting anythign here. it seems that there are 5-6 people here (you included) that play this game and make fun of everyone that still doesnt know hot to do it.
P.S. i saw that someone else just gave me a straight answer without laughing and making fun (or at least not showing it) so moenda if you are so full of yourself, just dont answer my posts anymore, you can even block me if you care about it and just continue being an expert in what youre doing.
sorry for the long post, but i am getting really frustrated by all of this
  • #6,980
  • Sep 24, 2009 9:32am Sep 24, 2009 9:32am
Quoting cunparis
I feel a bit stupid. I exited at +2 pips because of the existing home sales news. I thought with all the overlapping bars that the Euro might react to the news.

I really don't understand how to know what news we stand aside and what news we don't. As a result I missed a huge opportunity. I'm sharing this because maybe someone else did the same as me and we can learn from my mistake.
Hi Cunparis...

This one post a few time ago about the news...

I tried there to sum up Moneda and Fx's advises about news time.....

http://www.forexfactory.com/showpost...postcount=6766

Hope it helps you
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