The System II (Yes with irony) | Page 394 | 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)

  • #7,861
  • Sep 30, 2009 1:44am Sep 30, 2009 1:44am
Quoting en0x
Grrr aggg, that is all I can say

London, pooweeey.
My Sl is where it started 14629 - giving it my max here
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,862
  • Sep 30, 2009 1:47am Sep 30, 2009 1:47am
Quoting yuyudada
short @ 4611 bcz bracket broken.
Ouch, price hit the last FCR, -13pips. but just as FX said I'm on the road...
  • #7,863
  • Sep 30, 2009 1:47am Sep 30, 2009 1:47am
Quoting mac1956
My Sl is where it started 14629 - giving it my max here

OUCH!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,864
  • Sep 30, 2009 1:56am Sep 30, 2009 1:56am
I am long from 4614
moved my hard SL from bellow 4597 to BE
lets see how the retracement will develop
and how price will deal with today's H @4644
Do u see any other place to move SL ?
Lock profit with X pips ? (10 for example )
david4u
Attached Image (click to enlarge)
Click to Enlarge Name: 4614 long.gif Size: 61 KB
  • #7,865
  • Sep 30, 2009 1:58am Sep 30, 2009 1:58am
well its a funny market..

but i admit for not playing If and Then right.. my bobo.. there you have it. regardless of the outcome of my short trade.. but missing a opportunity to is another story.. oh well..
if you closed your short trade at BE and entered at 4608.. my hats off to you.. nice job
thats why we play the game to find the falws in reall time..
still learning..
  • #7,866
  • Sep 30, 2009 2:11am Sep 30, 2009 2:11am
hay fx
tell me please, as a reference to D4u question
when you move your SL ? is it only according to the FCR's? (pa)
i mean look at david he is in 23/4 pips profit, is there any reason for him not to be in BE in that stage ?
it's a huge gap tony, a huge gap.
  • #7,867
  • Sep 30, 2009 2:12am Sep 30, 2009 2:12am
moved my SL to 4624
a few pips bellow the L @ 4628
so my profit is locked now with +10
next hurdle 4644
any comments ?
tks
david4u
Attached Image (click to enlarge)
Click to Enlarge Name: 4614 long_1.gif Size: 62 KB
  • #7,868
  • Sep 30, 2009 2:18am Sep 30, 2009 2:18am
Placed an order for 14624 - short
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,869
  • Sep 30, 2009 2:20am Sep 30, 2009 2:20am
short 4625
  • #7,870
  • Sep 30, 2009 2:22am Sep 30, 2009 2:22am
Quoting mac1956
Placed an order for 14624 - short

Won't be needing that then...
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,871
  • Sep 30, 2009 2:24am Sep 30, 2009 2:24am
Quoting highroller
short 4625
ahhhh....out now at 4645 bugger!
  • #7,872
  • Sep 30, 2009 2:24am Sep 30, 2009 2:24am
Quoting mac1956
Won't be needing that then...
glad i wasnt taken in there
Survive & Preserve
  • #7,873
  • Sep 30, 2009 2:26am Sep 30, 2009 2:26am
Quoting andrewb7
glad i wasnt taken in there

Me too - that was the lesson about the +3 plust the spread - in my case +5 in total. Kept me safe from another loss. -44 so far today!!!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,874
  • Sep 30, 2009 2:27am Sep 30, 2009 2:27am
anyone trade this long as a basic 1,2,3 ????
Survive & Preserve
  • #7,875
  • Sep 30, 2009 2:30am Sep 30, 2009 2:30am
but now we need to be careful, I am too -44, but we must play with our head now. Dont revenge trade trying to get the -44 into a positive and dont hold it too hard into a negative hoping it will turn around as you "need it"

Just trade it as a normal trade as per usual.

Quoting mac1956
Me too - that was the lesson about the +3 plust the spread - in my case +5 in total. Kept me safe from another loss. -44 so far today!!!
Survive and Preserve
  • #7,876
  • Sep 30, 2009 2:33am Sep 30, 2009 2:33am
Quoting andrewb7
anyone trade this long as a basic 1,2,3 ????
yep i played the 123. now waiting for pullback and continuation, or reversal after pullback if it fails to push higher
  • #7,877
  • Sep 30, 2009 2:34am Sep 30, 2009 2:34am
So we all smiling now ?
Survive and Preserve
  • #7,878
  • Sep 30, 2009 2:35am Sep 30, 2009 2:35am
with one exception. my entry was higher then the highest high, which is actually yesterdays high


Quoting andrewb7
anyone trade this long as a basic 1,2,3 ????
Survive and Preserve
  • #7,879
  • Sep 30, 2009 2:55am Sep 30, 2009 2:55am
ok.. took a breather from the screen as I needed to..
I can live with hard sl being hit.. but, can not live with missing opportunity.. I messed up pretty bad..

i be back in 20 min.. will talk more about this..
  • #7,880
  • Sep 30, 2009 2:56am Sep 30, 2009 2:56am
Market played its bear trap and London boys made a few good quid. Bears are all out now and it's suddenly as quiet as it could possibly be during this session.
London boys seem to be lurking for more but I think it's going to take some time.
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