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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)

  • #7,141
  • Sep 25, 2009 3:39am Sep 25, 2009 3:39am
Quoting jplo
Out @ BE for me...

Price couldn't hit the LL so, after the full retrace and this fail.......
= No expectancy

Much better than -5...keep sharing Jplo - you have followers.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,142
  • Sep 25, 2009 3:47am Sep 25, 2009 3:47am
I am long at 4689... BB... LET'S SEE...
  • #7,143
  • Sep 25, 2009 3:51am Sep 25, 2009 3:51am
i know this thread is about PA... i've been trading since 1983.. before the big one..lol a used to draw my own charts by hand.. swing charts.. no MA'S.. EMA'S and all this shit .... but i had a much bigger portfolio so i could (SWING) longer lol...( and i was younger too)..lol Anyway i was mentionning pivots for only one reason... there are a lot of newbies on this thread.. I MEAN REAL ONES.. not only to this thread... and (SYSTEM)... who have no ideas at all about trading... atm we are between 2 pivots WEEKLY AT 1.4661 and DAILY at 1.46968... hence the up and down between those 2 numbers. I took a long from 1.46320 this morning and i'm still long..with stop loss at 1.47056. My mentionning about pivots was to warn newbies that nothing will go UP OR DOWN until it clears those 2 pivots.. SORRY TO HAVE DISTURBED YOU..
best regards

JEAN
  • #7,144
  • Sep 25, 2009 3:52am Sep 25, 2009 3:52am
anyone else long right now?
  • #7,145
  • Sep 25, 2009 3:54am Sep 25, 2009 3:54am
Quoting feline207
anyone else long right now?
I am....
  • #7,146
  • Sep 25, 2009 3:55am Sep 25, 2009 3:55am
Quoting Froggy10
i know this thread is about PA... i've been trading since 1983.. before the big one..lol a used to draw my own charts by hand.. swing charts.. no MA'S.. EMA'S and all this shit .... but i had a much bigger portfolio so i could (SWING) longer lol...( and i was younger too)..lol Anyway i was mentionning pivots for only one reason... there are a lot of newbies on this thread.. I MEAN REAL ONES.. not only to this thread... and (SYSTEM)... who have no ideas at all about trading... atm we are between 2 pivots WEEKLY AT 1.4661 and DAILY at 1.46968... hence...
Jean,
i hear you bro..
pivots.. sup/res..etc.. they all meant to be broken sooner or later..
stick with If and Then baby.. ..
out outside the box thinking.. I know it odd.. but thats what we're good at..
  • #7,147
  • Sep 25, 2009 4:00am Sep 25, 2009 4:00am
FX.. don't get me wrong.. i like this thread because it's much more the way i've traded all my life.. NO FRILLS... keep it simple, but sometimes i see a lot of new people trying to catch EVERY move or fcrs etc.. so that's all.. anyway good trading to all.. i've done my day already...
cheers
  • #7,148
  • Sep 25, 2009 4:04am Sep 25, 2009 4:04am
for instance.. why go short at 1.46760 when the price is ABOVE weekly pivot.. which is a strong support?? that's all. cheers
  • #7,149
  • Sep 25, 2009 4:05am Sep 25, 2009 4:05am
Now, testing long this FCR after that double bottom........

Let's see again...
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  • #7,150
  • Sep 25, 2009 4:06am Sep 25, 2009 4:06am
Quoting Froggy10
for instance.. why go short at 1.46760 when the price is ABOVE weekly pivot.. which is a strong support?? that's all. cheers
well why did you go long under it this morning?
  • #7,151
  • Sep 25, 2009 4:10am Sep 25, 2009 4:10am
Quoting feline207
anyone else long right now?
In my humble and flawed opinion I see an fcr at 14690 but no upper bracket although failure at 14692 might form one.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,152
  • Sep 25, 2009 4:12am Sep 25, 2009 4:12am
FOURX.. because i could feel the price HAD to go back towards pivot... (many years of trading)... i had tight stops... etc.. no big deal... i'm also a contrarian trader ... when price is too far off mean average... it's like a spring.. it goes back to it.. but anyway i won't bother you anymore.. PROMESS.
  • #7,153
  • Sep 25, 2009 4:12am Sep 25, 2009 4:12am
Quoting mac1956
In my humble and flawed opinion I see an fcr at 14690 but no upper bracket although failure at 14692 might form one.
In my humble opinion that fcr (14690) is history now... Recent PA we need to llok at... Just my opinion...
  • #7,154
  • Sep 25, 2009 4:12am Sep 25, 2009 4:12am
Quoting jplo
Now, testing long this FCR after that double bottom........

Let's see again...

Accounting for my spread I have an order for a long at 14695 - not live yet.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,155
  • Sep 25, 2009 4:13am Sep 25, 2009 4:13am
Quoting Froggy10
FX.. don't get me wrong.. i like this thread because it's much more the way i've traded all my life.. NO FRILLS... keep it simple, but sometimes i see a lot of new people trying to catch EVERY move or fcrs etc.. so that's all.. anyway good trading to all.. i've done my day already...
cheers
its ok losing is part of our agenda.. they will learn there way through twist and turns and agonies..
they know.. they know when fcr's get to close to each other that means choppy monster is alive and they will be either more carefull or play there #2 more aggresively..

ps) weekly pivots are meant to be broken too, at anytime anywhere in the chart for any reason..
  • #7,156
  • Sep 25, 2009 4:14am Sep 25, 2009 4:14am
Quoting dim4ik42
In my humble opinion that fcr (14690) is history now... Recent PA we need to llok at... Just my opinion...
It's the one forming right now
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,157
  • Sep 25, 2009 4:15am Sep 25, 2009 4:15am
I exited from this long near BE because there is no enought momentum for my toast...... do u think its too early?
  • #7,158
  • Sep 25, 2009 4:15am Sep 25, 2009 4:15am
Quoting mac1956
In my humble and flawed opinion I see an fcr at 14690 but no upper bracket although failure at 14692 might form one.
hmm there are differences between the broker feed maybe because sometimes i cannot see what were talking about. or maybe its that i still just dont know what i'm really looking for
  • #7,159
  • Sep 25, 2009 4:17am Sep 25, 2009 4:17am
100% true FX...
  • #7,160
  • Sep 25, 2009 4:22am Sep 25, 2009 4:22am
Still holding short
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