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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)

  • #7,881
  • Sep 30, 2009 5:18am Sep 30, 2009 5:18am
Closed the position not in one part .
Wanted to start to put money in the pocket .
Closed between 4658-4669
Average of 48.1
FX says , above 50 it's OK so... not so bad
Should have left at least a part with SL bellow the last FCR @ 4661 (#1)
but saw a possible DT ... an price starting to consolidate
Any comments ?
Tks
david4u
Attached Image (click to enlarge)
Click to Enlarge Name: 48.1p.gif Size: 63 KB
  • #7,882
  • Sep 30, 2009 5:20am Sep 30, 2009 5:20am
Quoting david4u
Closed the position not in one part .
Wanted to start to put money in the pocket .
Closed between 4658-4669
Average of 48.1
FX says , above 50 it's OK so... not so bad
Should have left at least a part with SL bellow the last FCR @ 4661 (#1)
but saw a possible DT ... an price starting to consolidate
Any comments ?
Tks
david4u

Nice trade - just shows what was possible with that sequence of moves.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,883
  • Sep 30, 2009 5:27am Sep 30, 2009 5:27am
Anyone testing this short?
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,884
  • Sep 30, 2009 5:29am Sep 30, 2009 5:29am
Thank You mac1956

Quoting mac1956
Nice trade - just shows what was possible with that sequence of moves.
  • #7,885
  • Sep 30, 2009 5:32am Sep 30, 2009 5:32am
I am short too
1.4658
david4u

Quoting mac1956
Anyone testing this short?
  • #7,886
  • Sep 30, 2009 5:36am Sep 30, 2009 5:36am
Quoting Setebos
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.
and how did you come up with the conclusion of what London boys will do next?
  • #7,887
  • Sep 30, 2009 5:38am Sep 30, 2009 5:38am
Quoting david4u
Closed the position not in one part .
Wanted to start to put money in the pocket .
Closed between 4658-4669
Average of 48.1
FX says , above 50 it's OK so... not so bad
Should have left at least a part with SL bellow the last FCR @ 4661 (#1)
but saw a possible DT ... an price starting to consolidate
Any comments ?
Tks
david4u
good job David.. text book stuff..
atta way to stay on top of things with your perfect entery and nice finish.. A+
  • #7,888
  • Sep 30, 2009 5:39am Sep 30, 2009 5:39am
Quoting Setebos
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.
a taka dai im go hehe
hello fxachilies how are you. i missed that big move up too and am really angry about that
  • #7,889
  • Sep 30, 2009 5:43am Sep 30, 2009 5:43am
Quoting david4u
I am short too
1.4658
david4u

There are just some days when nothing goes in your favour - for me I suspect this could be one of them!!!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,890
  • Sep 30, 2009 5:51am Sep 30, 2009 5:51am
@fx: I don't know what are they going to do next - I made an assumption based on what I see. However until I see the PA I'm waiting just like everybody else. Apologies if I did not express myself properly - English is not my native language.

@ feline - Always a pleasure to run into a countryman around here.
  • #7,891
  • Sep 30, 2009 5:52am Sep 30, 2009 5:52am
I love it when people make full out of themselves with there bullshit after the fact analysis.. now this guy is above all in the top of my list of favorite analyser... he is beyond Crystal ball and undergound connection he has got his way into London boys heads.. he is a mind reader from a distance.. lol
he is by far the prefect fit for toilet analogie display post..
someone please.. lol
  • #7,892
  • Sep 30, 2009 5:56am Sep 30, 2009 5:56am
Quoting gevellber02
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.
  • #7,893
  • Sep 30, 2009 5:56am Sep 30, 2009 5:56am
Good morning boys and girls...

Just read today's posts...you guys are soooo fortunate to have the sheriff, Fx showing you how a succesful trader thinks....now, once again, there are no stupid questions here...we welcome them..but we have no tolerance for lazy one...do your ground work...read the suggested posts and eventually the whole thread...start one step at a time and keep up with the more advanced stuff.. do not try to imitate anybody here... think for yourself and learn the hard but necessary way... through your own experience.

Good luck,
Unus pro omnibus, omnes pro uno
  • #7,894
  • Sep 30, 2009 5:57am Sep 30, 2009 5:57am
Thank you, far too kind.
I love the tolerance, really
  • #7,895
  • Sep 30, 2009 6:00am Sep 30, 2009 6:00am
This is looking suspiciously like a nice long fcr while I'm in short...
$urvive, Pre$erve & RESPECT THE TEACHER
  • #7,896
  • Sep 30, 2009 6:02am Sep 30, 2009 6:02am
Quoting Setebos
@fx: I don't know what are they going to do next - I made an assumption based on what I see. However until I see the PA I'm waiting just like everybody else. Apologies if I did not express myself properly - English is not my native language.

@ feline - Always a pleasure to run into a countryman around here.
i did not see this post.. ok since you put it this way now.. its ok..
and I don't mean any disrespect..
its just that in this thread there is no room for after the fact anyalisis or prediction of any sort.. please read the thread before making any post such as the one you made..
we all saw what happen and I can tell you for the fact that no one really knows what happen behind the price jumping bullish for 75 pips.. nor we care.. all we care about how we can benefit from it.. and its history after that.. wash and rinse..
your english sounds good to me by the way..
  • #7,897
  • Sep 30, 2009 6:08am Sep 30, 2009 6:08am
Quoting Setebos
Thank you, far too kind.
I love the tolerance, really
bingo...
can't afford to be tolarance towards somethings..
we are outside this world.. either your inside our world or your with the rest..
are world might be harsh.. but profitable if you stick with it..
we're all grown men.. and its all about bottomline and bejamins.. harsh world? maybe... but try the the outside world is far more harsh..
this is brunch compare to that..
  • #7,898
  • Sep 30, 2009 6:09am Sep 30, 2009 6:09am
Quoting mac1956
This is looking suspiciously like a nice long fcr while I'm in short...

Mac,

Only IF and THEN...no suspicion here... see how your thinking creates an atmosphere for prediction.

Good luck
Unus pro omnibus, omnes pro uno
  • #7,899
  • Sep 30, 2009 6:10am Sep 30, 2009 6:10am
Did not work for me ...
played #2
-10 pips
Do you see a better/earlier place to exit ?
Stayed all the time as the H of a possible "end of retracement" , at that time (point A) ,did not hold.
Tks
david4u
Attached Image (click to enlarge)
Click to Enlarge Name: short 4658 -10p.gif Size: 66 KB
  • #7,900
  • Sep 30, 2009 6:12am Sep 30, 2009 6:12am
Quoting moneda
Mac,

Only IF and THEN...no suspicion here... see how your thinking creates an atmosphere for prediction.

Good luck

You're so right Moneda,

I've come out at -5. I'm going to have a cup of coffee and get my head in order before I look at this again.
$urvive, Pre$erve & RESPECT THE TEACHER
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