The System II (Yes with irony) | Page 407 | Forex Factory

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We all need pivots to win..yes or not? 13 replies

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The System II (Yes with irony)

  • #8,121
  • Oct 2, 2009 1:21am Oct 2, 2009 1:21am
Trying to trade a fix a hole in my roof with a friend... so after my first trade I must go and help....

May the trading gods treat you all well.

Later
  • #8,122
  • Oct 2, 2009 1:24am Oct 2, 2009 1:24am
Quoting Dukeman900
Trying to trade a fix a hole in my roof with a friend... so after my first trade I must go and help....

May the trading gods treat you all well.

Later
Later Duke...looking for a bit of redemption on this trade!

HR
  • #8,123
  • Oct 2, 2009 1:34am Oct 2, 2009 1:34am
Morning everyone,
nice job with the Asian session.. alot of good activity.. keep it up brothers..

chanak,
Welcome to the thread.. Feb is not here all the time so he most likly would not get back to you with a answer to your question.. like you said your question is been answered manytimes in this thread.. as matter of fact still its been disccused up to date..
I suggest you refer to post 4734 and follow the context.. and yes the thread is 500 pages long.. i highly advise you read each and everyone of them.. we have guys here that have read it several times..
best regards,


ok new day and new and same old battles with this beast..
I am currently long from 4552.. lets see what happens..
  • #8,124
  • Oct 2, 2009 1:40am Oct 2, 2009 1:40am
morning boys and girls, lets have a nice easy friday to play with, kill it!
  • #8,125
  • Oct 2, 2009 1:43am Oct 2, 2009 1:43am
if your long and now you got a semi fakeout in hand, whats the correct play here?
  • #8,126
  • Oct 2, 2009 1:46am Oct 2, 2009 1:46am
Quoting jplo
Good morning guyz...

Ready for another tough match...
Maybe we have to save some break points and even match balls, but if we stick to our plans we are gonna have the opportunity to kill it for sure....

Testing this break by now....

Hi Jplo,

Yes good analogy !

Good trading man.
Survive and Preserve
  • #8,127
  • Oct 2, 2009 1:47am Oct 2, 2009 1:47am
Quoting fxachilies
if your long and now you got a semi fakeout in hand, whats the correct play here?
play #1 would be the right choice...

HR
  • #8,128
  • Oct 2, 2009 1:47am Oct 2, 2009 1:47am
Quoting fxachilies
if your long and now you got a semi fakeout in hand, whats the correct play here?

Play #2
Survive and Preserve
  • #8,129
  • Oct 2, 2009 1:48am Oct 2, 2009 1:48am
Quoting en0x
Yeah, I made a total of 4 pips.
So you are in front; 1k a pip and you are made for the day ! LOL
Survive and Preserve
  • #8,130
  • Oct 2, 2009 1:50am Oct 2, 2009 1:50am
Quoting elizo
Paul,

as usual, bull's eye. Again, I insist in the fact that this is a methodology, a philosophy, a toolbox to be adapted privately to anyone. These are the tools, like a racket (I love tennis, so do a lot of people around here): you can't play without one, but you will select your grip (I have seen so akward ones!), your stance, your one or two handed backhand, if you are a baseline player or want to rush to the net and volley, etc etc. Every player developes the game on his own because there is space for everyone. There is not a solution to...
Good post.
Survive and Preserve
  • #8,131
  • Oct 2, 2009 1:51am Oct 2, 2009 1:51am
ok good answers..

if there is a modest price drop below your entery then #1 for sure is your play..
but..
when price drops too far below your entery then the defensive #2 should be in play with slight chance of #1 play just if incase you get a strong out burst from that point..
  • #8,132
  • Oct 2, 2009 1:53am Oct 2, 2009 1:53am
Well that +4 went to -35 in two trades.


Quoting PaulLangham
So you are in front; 1k a pip and you are made for the day ! LOL
Survive and Preserve
  • #8,133
  • Oct 2, 2009 1:57am Oct 2, 2009 1:57am
Quoting fxachilies
ok good answers..

if there is a modest price drop below your entery then #1 for sure is your play..
but..
when price drops too far below your entery then the defensive #2 should be in play with slight chance of #1 play just if incase you get a strong out burst from that point..
Yes the rules are not hard & fast as you say fx...stopped out on that last one, not doing well at all, now short at 4532 off last FCR...it's rough in the trenches!

HR
  • #8,134
  • Oct 2, 2009 1:58am Oct 2, 2009 1:58am
well now you know why i call this a beast..
just took me out for -15.. hard sl hit.. on problem.. sell order is in place at 4527.. I will cha cha with it till he gives up and picks direction for the good and I'll catch my runner..
it happens sometimes, you know..
  • #8,135
  • Oct 2, 2009 2:05am Oct 2, 2009 2:05am
Stopped out @ -15....

Good start of the day...
  • #8,136
  • Oct 2, 2009 2:06am Oct 2, 2009 2:06am
Quoting highroller
Yes the rules are not hard & fast as you say fx...stopped out on that last one, not doing well at all, now short at 4532 off last FCR...it's rough in the trenches!

HR
very nice HR..
  • #8,137
  • Oct 2, 2009 2:09am Oct 2, 2009 2:09am
look at it this way..
you payed 15 to find out his true intention.. and now maybe catch him the otherway for a runner..

positive thinking and acting on it... that mean not just talk but also walk the walk..

lets see who can put that in a some manuall..
  • #8,138
  • Oct 2, 2009 2:14am Oct 2, 2009 2:14am
Quoting fxachilies
look at it this way..
you payed 15 to find out his true intention.. and now maybe catch him the otherway for a runner..

positive thinking and acting on it... that mean not just talk but also walk the walk..

lets see who can put that in a some manuall..
Yes you can read books & manuals till the cows come home but you will only truly learn by feeling the pain of losing in order to become a successful trader!

HR
  • #8,139
  • Oct 2, 2009 2:21am Oct 2, 2009 2:21am
lets see if it would do it again and move straight up without giving us to play our defensive game.. it just might... but it rare.. but i force it to show me that..
the last time it did that.. I said fine.. your just not gonna give out today and i have reached my daily loss limit.. ok.. I closed my system came back on the next session or the next day and got'em back for a 80pips..

now you see.. your the one in control.. not the system or the market
  • #8,140
  • Oct 2, 2009 2:26am Oct 2, 2009 2:26am
keept a slight door open for the LL break..
taking no prisoner... out at -2
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