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The System II (Yes with irony)

  • #7,841
  • Sep 30, 2009 2:57am Sep 30, 2009 2:57am
Quoting gevellber02
i am BE, i didn't like the 8:40 (londi) bar
atta way to play #1 or 2... are u kidding me..

what part of it you did not like? where is the threat?
are u falling into predicting and anyalisis paralisis or palin out scared trading..

G.. you need to let things develop.. regarless of outcome.. stop trading scared.. it gets you nowhere.. trust me..

now watch us bank 40 on this.. if now big fucking deal.. there is a next one always... but i can hold my head high and say: I keept my options open and made him to show his true color..
stand tall..
  • #7,842
  • Sep 30, 2009 2:58am Sep 30, 2009 2:58am
Hi David,

Why do we care about 1 or 2 or 3 pips if we trying to catch runners here?

Make it 5 either way, its really not going to make a world of difference in the long run.

Quoting david4u
Good morning FX
I remember a post , I think by jplo explaning ...
that for Long trades we add 3 (buffer) + 2 (spread) = 5
BUT for Short trades we add ONLY the 3 for the buffer w/o the spread
Pls advice
Regards
David
Survive and Preserve
  • #7,843
  • Sep 30, 2009 3:00am Sep 30, 2009 3:00am
Quoting david4u
Good morning FX
I remember a post , I think by jplo explaning ...
that for Long trades we add 3 (buffer) + 2 (spread) = 5
BUT for Short trades we add ONLY the 3 for the buffer w/o the spread
Pls advice
Regards
David
Mornign dave,

guys whatever you do make sure you give the price 3pips to break ... now what you spead is or etc.. just take into consideration..
inorder for a breakthough to be confirmed price must break the 3pip barier..

this is the last time i will talk about this.. its simple math guys..
  • #7,844
  • Sep 30, 2009 3:01am Sep 30, 2009 3:01am
Quoting david4u
Good morning FX
I remember a post , I think by jplo explaning ...
that for Long trades we add 3 (buffer) + 2 (spread) = 5
BUT for Short trades we add ONLY the 3 for the buffer w/o the spread
Pls advice
Regards
David
David, you need to enter long 3 pips above the Ask price or short 3 pips below the Bid price. If your charts are showing Bid then what you say is correct. If not, you will need to adjust. For example my charts show mid price so I enter +/- 4 regardless.
Too tired to argue. Too old to care.
  • #7,845
  • Sep 30, 2009 3:05am Sep 30, 2009 3:05am
Quoting en0x
Hi David,

Why do we care about 1 or 2 or 3 pips if we trying to catch runners here?

Make it 5 either way, its really not going to make a world of difference in the long run.
yes it does make some difference Enox..
we don't want to be triggered unnecesarlily.. there is enough fakeouts that we deal with don't need the extra ones...

guys 3pip confirmes the break... what you got to add and soforth is what you got to figure out..

I swear this is the last time I talk about this.. lol
  • #7,846
  • Sep 30, 2009 3:08am Sep 30, 2009 3:08am
guys where is you last fcr?

4608..

what do got to lose?

nothing.. your on a free ride..

what do you got to gain?

everything..

strong position to be in..
  • #7,847
  • Sep 30, 2009 3:17am Sep 30, 2009 3:17am
Quoting fxachilies
guys where is you last fcr?

4608..

what do got to lose?

nothing.. your on a free ride..

what do you got to gain?

everything..

strong position to be in..
My hard Sl is at 14622
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,848
  • Sep 30, 2009 3:17am Sep 30, 2009 3:17am
guys.. now things get a little sticky..

if you wanna be by the books you can use the 4608 fcr for exit.. you be out with no harm no foul and be proud you gave yourself a chance for a runner by taking a shot at short..

or you can give it a bit of room to fully develop and see how it will react to 4622 fcr.. its strickly a personal thing to do.. based on your tolorance and etc..

I personally choose the 2nd option.. based on my persoanal agenda..

but whatever you do please do not exit before the break of this 4608..
and thats to consider the 3pips + spread..
every break must be confirmied with 3pips..
  • #7,849
  • Sep 30, 2009 3:20am Sep 30, 2009 3:20am
Quoting fxachilies
guys.. now things get a little sticky..

if you wanna be by the books you can use the 4608 fcr for exit.. you be out with no harm no foul and be proud you gave yourself a chance for a runner by taking a shot at short..

or you can give it a bit of room to fully develop and see how it will react to 4622 fcr.. its strickly a personal thing to do.. based on your tolorance and etc..

I personally choose the 2nd option.. based on my persoanal agenda..

but whatever you do please do not exit before the break of this 4608..
and thats to consider the...

It looks like this 4600 is the current hurdle.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,850
  • Sep 30, 2009 3:22am Sep 30, 2009 3:22am
Quoting fxachilies
atta way to play #1 or 2... are u kidding me..

what part of it you did not like? where is the threat?
are u falling into predicting and anyalisis paralisis or palin out scared trading..

G.. you need to let things develop.. regarless of outcome.. stop trading scared.. it gets you nowhere.. trust me..

now watch us bank 40 on this.. if now big fucking deal.. there is a next one always... but i can hold my head high and say: I keept my options open and made him to show his true color..
stand tall..
what part of it you did not like? where is the threat? i mean..... after the price hit 4601 it came back to 4608 and then (8:40) try to make a LL (and did 4600)
and create kind of a DB, so i though to mt self... ya it getting risky here i move to BE.
stop trading scared -.....??? y as i guess you right. im trying
thx man
it's a huge gap tony, a huge gap.
  • #7,851
  • Sep 30, 2009 3:27am Sep 30, 2009 3:27am
Quoting fxachilies
guys.. now things get a little sticky..

if you wanna be by the books you can use the 4608 fcr for exit.. you be out with no harm no foul and be proud you gave yourself a chance for a runner by taking a shot at short..
Well that took me out. OK though as I have to go out to see my daughters school musical anyway. Be back for New York open
"Save your ass, then go for profit"
  • #7,852
  • Sep 30, 2009 3:28am Sep 30, 2009 3:28am
ok, decided to exit at 4611 BE....didn't hold
  • #7,853
  • Sep 30, 2009 3:31am Sep 30, 2009 3:31am
Quoting david4u
Good morning FX
I remember a post , I think by jplo explaning ...
that for Long trades we add 3 (buffer) + 2 (spread) = 5
BUT for Short trades we add ONLY the 3 for the buffer w/o the spread
Pls advice
Regards
David
Hi David,

Maybe I conffused you with my explanation.....

But, trust me, it is really logical.... simply maths as Fx says...

In your screen, you usually see the "sell price", if you add your spread to that price, you have your "buy price".........

So then, as far as we have to set our orders with a buffer of 3 pips to avoid some fakes.....

To shorts: you put it 3 pips below the LL, or whatever... When price you are watching came to that level, you are gonna be filled in....

To longs: you put your order 3 pips above + spread..... When price goes 3 pips above the HH you are gonna be filled in......
* if you put your long order 3 pips above w/o adding the spread (let's take 2 pips of spread as example) ... you are gonna be filled in when price you are watching in your screen is only 1 pip above the HH, because your buy price is gonna be met......

I hope this clarifies you a little bit more......
  • #7,854
  • Sep 30, 2009 3:31am Sep 30, 2009 3:31am
Looks like London is being London again, tough as nails.
Survive and Preserve
  • #7,855
  • Sep 30, 2009 3:31am Sep 30, 2009 3:31am
Quoting gevellber02
what part of it you did not like? where is the threat? i mean..... after the price hit 4601 it came back to 4608 and then (8:40) try to make a LL (and did 4600)
and create kind of a DB, so i though to mt self... ya it getting risky here i move to BE.
stop trading scared -.....??? y as i guess you right. im trying
thx man
no my man thats a wrong way to analyse Immediate PA ..
what you had there was solid breaish go market..
your DB must be confirmed in a much biger PA.. you need to see a atleast of some kind of loop thing and a major price stop.. not in the middel of a go market based on couple of 5m candels.. either that or a major price stall regardless or lenght on price range..

I am telling you all this while price is going against all of us who are still short... does it matter what price is doing now? hell no..
it the plan.. market is a great at fucking with the head..

what you got right now is a major stop at LL.. now playing #2 with option open for #1 and to preserve or get luck with a strong break to countinue to pursue runners...
all from original entery...
  • #7,856
  • Sep 30, 2009 3:34am Sep 30, 2009 3:34am
What I tried saying in my previous post and it came out wrong.

It doesnt matter (in terms of a profit thing) if you have your short at 3+spread (+which is 2 for most brokers) instead of going, this one for long, this one for short. Why not just take the most expensive one and be done with it? if you catch a runner for , 50-60 pips, does it matter 2 of those were lost cause you entered the short on 3+spread instead of just +3?
No, it doesn't So instead of confusing yourself just make all trades 3+spread, simple, easy.


Quoting jplo
Hi David,

Maybe I conffused you with my explanation.....

But, trust me, it is really logical.... simply maths as Fx says...

In your screen, you usually see the "sell price", if you add your spread to that price, you have your "buy price".........

So then, as far as we have to set our orders with a buffer of 3 pips to avoid some fakes.....

To shorts: you put it 3 pips below the LL, or whatever... When price you are watching came to that level, you are gonna be filled in....

To longs: you put your order 3 pips above + spread..... When...
Survive and Preserve
  • #7,857
  • Sep 30, 2009 3:36am Sep 30, 2009 3:36am
what I just explained to G.. is pure Gold.. to not be to full of myself..

but it takes a gold keeper to really grasp it.. and run with it..

as i did when feb was around.. I took it and run with it..
and see where it has got me.. trading with full control and confidence..
not to count in the major financial success..
  • #7,858
  • Sep 30, 2009 3:36am Sep 30, 2009 3:36am
Quoting en0x
What I tried saying in my previous post and it came out wrong.

It doesnt matter (in terms of a profit thing) if you have your short at 3+spread (+which is 2 for most brokers) instead of going, this one for long, this one for short. Why not just take the most expensive one and be done with it? if you catch a runner for , 50-60 pips, does it matter 2 of those were lost cause you entered the short on 3+spread instead of just +3?
No, it doesn't So instead of confusing yourself just make all trades 3+spread, simple, easy.

If it's a runner - it's a runner...
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,859
  • Sep 30, 2009 3:40am Sep 30, 2009 3:40am
Quoting en0x
What I tried saying in my previous post and it came out wrong.

It doesnt matter (in terms of a profit thing) if you have your short at 3+spread (+which is 2 for most brokers) instead of going, this one for long, this one for short. Why not just take the most expensive one and be done with it? if you catch a runner for , 50-60 pips, does it matter 2 of those were lost cause you entered the short on 3+spread instead of just +3?
No, it doesn't So instead of confusing yourself just make all trades 3+spread, simple, easy.
I agree with this now.. it more like it enox..
you'll rather take the expensive one than being triggered when setup wasn't even there..
  • #7,860
  • Sep 30, 2009 3:43am Sep 30, 2009 3:43am
Grrr aggg, that is all I can say

London, pooweeey.
Survive and Preserve
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