The System II (Yes with irony) | Page 364 | Forex Factory

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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)

  • #7,261
  • Sep 25, 2009 7:47am Sep 25, 2009 7:47am
Quoting feline207
i exited for +1 because i have to go out good luck to you and i may join back little bit later. if not see u tomorrow
what, how ? euh ?explain ?

we never got anywhere near challenging your entry price of 73 if thats where u were ?

Explain a bit for me brother ? I am trying to help you, yu should still be sitting short getting ready to 'go form a queue down at the bankl'
Survive and Preserve
  • #7,262
  • Sep 25, 2009 7:49am Sep 25, 2009 7:49am
Quoting jplo
Yes I am, sure......
Still holding !
Survive and Preserve
  • #7,263
  • Sep 25, 2009 7:50am Sep 25, 2009 7:50am
Quoting feline207
yeah i took a shower for 5 minutes and skipped the best move for today very nice congratulation to those who won
Look... here is some paradox... It took some time (even long time) for me to understand this paradox...

It is - if you are afraid to loose money - you will be not able to catch runners...
if you are not afraid to loose money - you will loose money... sure...
You just must have a lot screen time to understand when to give some time and when not to give... it is - EXPECTANCY. I think so...

In this situation I was not afraid to loose some (7-10pips) money... and Luck did turn to my side... But it would may be another situation... and I would loose my money....

Just practise and practise...



Feb and FXahilies!!!!!

Thank you Brothers!!!
It is your effort that I am know more sucessfull!!!!!!!!!!!!!
  • #7,264
  • Sep 25, 2009 7:52am Sep 25, 2009 7:52am
So.... may be #1...
  • #7,265
  • Sep 25, 2009 8:02am Sep 25, 2009 8:02am
Quoting benkm108
stop is now at 14650

I have a long order placed there.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,266
  • Sep 25, 2009 8:03am Sep 25, 2009 8:03am
Quoting benkm108
stop is now at 14650
Where did u enter ben ?

There may be a pull back which takes you out at that level
Survive and Preserve
  • #7,267
  • Sep 25, 2009 8:04am Sep 25, 2009 8:04am
Quoting dim4ik42
So.... may be #1...
Classi #1 will be when it stops pulling back and tries again for the low at 20/30 and then fails to break lower - maybe double bottom for example - and starts to turn up, you exit there if it fails. if it doesn't you get in the queue for the bank
Survive and Preserve
  • #7,268
  • Sep 25, 2009 8:05am Sep 25, 2009 8:05am
Quoting PaulLangham
Where did u enter ben ?

There may be a pull back which takes you out at that level
i entered at 14687, and just decided to give it a little more room so moved stop higher, dont wana get taken out too early!
  • #7,269
  • Sep 25, 2009 8:06am Sep 25, 2009 8:06am
Quoting PaulLangham
Still holding !
Paul...

I was tempted to TP around 30s... then to move SL to 50...

Ok, I am in and f... the pips. I am gonna wait for a proper retrace, then formation of a new FCR, then wanna check what's going on...


But I am eating my nails...
  • #7,270
  • Sep 25, 2009 8:07am Sep 25, 2009 8:07am
Quoting benkm108
i entered at 14687, and just decided to give it a little more room so moved stop higher, dont wana get taken out too early!

Ok, I would say that is too close, that was my point, need to give it room as price will pull back, then try again for the low
Survive and Preserve
  • #7,271
  • Sep 25, 2009 8:12am Sep 25, 2009 8:12am
Did anyone make some money with this nice downside move???

if - YES - Congrat!!!

This is the core of this system... Try and try again and again to "ride the wave"...

Nothing personal - only business...
  • #7,272
  • Sep 25, 2009 8:13am Sep 25, 2009 8:13am
Quoting PaulLangham
Ok, I would say that is too close, that was my point, need to give it room as price will pull back, then try again for the low
thanks for the advice paul! gotta leave those pips on the table!!
keep forgetting the PLAN
  • #7,273
  • Sep 25, 2009 8:14am Sep 25, 2009 8:14am
I didn't enter long, I didn't think there was an FCR.
But we now have a swing of 30+ pips and a one bar pullback.
if that breaks long we'll have a 1-2-3 trade.
But what if it breaks short? If you were short would you take it?
It'd be the 3rd 1-2-3 setup, but the 2nd since NY open. I usually only take the first one and sit out after that waiting for a reversal or bracket.

I just want to make sure I'm on the right page.

Thanks
  • #7,274
  • Sep 25, 2009 8:15am Sep 25, 2009 8:15am
Quoting elizo
Paul...

I was tempted to TP around 30s... then to move SL to 50...

Ok, I am in and f... the pips. I am gonna wait for a proper retrace, then formation of a new FCR, then wanna check what's going on...


But I am eating my nails...
Looks like FCR at 55 but price pushing again for the down side. if it fails - maybe DB for example then I am out if, it breaks then I am still in.

Stop at 58 FCR +3
Survive and Preserve
  • #7,275
  • Sep 25, 2009 8:16am Sep 25, 2009 8:16am
Quoting benkm108
thanks for the advice paul! gotta leave those pips on the table!!
keep forgetting the PLAN
Ok price needs to push lower now,
Survive and Preserve
  • #7,276
  • Sep 25, 2009 8:16am Sep 25, 2009 8:16am
Quoting benkm108
thanks for the advice paul! gotta leave those pips on the table!!
keep forgetting the PLAN
Ok price needs to push lower now, then we see how it reacts at the bottom
Survive and Preserve
  • #7,277
  • Sep 25, 2009 8:17am Sep 25, 2009 8:17am
Out of my long test +2
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,278
  • Sep 25, 2009 8:18am Sep 25, 2009 8:18am
Listen up ladies and gentlemen,

The most recent short provided more than 40 pips if you had entered at around .4671... now here is my thought about this particular trade ..you play#1 but don't get married to the idea that you must "always" play it by the book.. Price pulled back to .4646 then we had an attempt to head south that failed with the next candle, forming a triple top, followed by a bullish candle that broke through... Given the fact that you had already bankes 40+ ...my take on this is ... exit at that point and wait for the next opportunity..don't let a nice runner (30+) be reduced to a few pips... don't be so greedy... look at the momentum and speed of price action... think for yourself..if you screw up...ok.. get ready for the next one.

Unus pro omnibus, omnes pro uno
  • #7,279
  • Sep 25, 2009 8:24am Sep 25, 2009 8:24am
Quoting moneda
Listen up ladies and gentlemen,

The most recent short provided more than 40 pips if you had entered at around .4671... now here is my thought about this particular trade ..you play#1 but don't get married to the idea that you must "always" play it by the book.. Price pulled back to .4646 then we had an attempt to head south that failed with the next candle, forming a triple top, followed by a bullish candle that broke through... Given the fact that you had already bankes 40+ ...my take on this is ... exit at that point and wait for the next...
Hi Moneda

Price might even confirm this for us shortly, my stop at 58. It's a very valid argument you are making
Survive and Preserve
  • #7,280
  • Sep 25, 2009 8:24am Sep 25, 2009 8:24am
Quoting PaulLangham
Looks like FCR at 55 but price pushing again for the down side. if it fails - maybe DB for example then I am out if, it breaks then I am still in.

Stop at 58 FCR +3
Out at 58.5

+28.5

I am a little bit angry with myself and I will post a chart to explain in a few minutes.
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