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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)

  • #8,681
  • Oct 8, 2009 1:48am Oct 8, 2009 1:48am
Paul M is has taken his family on holiday, I think its school kids break here in Australia so they taken this week off. We back to trading it hard next week though


Quoting en0x
I wish I was around but was busy taking mum around Sydney , there will be more around next week, and the week after and the week after .

Hope you doing well.
Survive and Preserve
  • #8,682
  • Oct 8, 2009 1:48am Oct 8, 2009 1:48am
John mate,

Tell me you traded Asia today and kicked its butt? looked like a one way street today.
Quoting en0x
Paul M is has taken his family on holiday, I think its school kids break here in Australia so they taken this week off. We back to trading it hard next week though
Survive and Preserve
  • #8,683
  • Oct 8, 2009 1:50am Oct 8, 2009 1:50am
looks like fake long also
  • #8,684
  • Oct 8, 2009 1:54am Oct 8, 2009 1:54am
Quoting FOURX
hey paul,

above 64 or solid?
Gave it some room came out -8
Survive and Preserve
  • #8,685
  • Oct 8, 2009 1:56am Oct 8, 2009 1:56am
Now long 64
Survive and Preserve
  • #8,686
  • Oct 8, 2009 2:03am Oct 8, 2009 2:03am
This price action system is very good and has alot of credit i have traded this for a while now and coming up this good results...... Thanks for submitting
  • #8,687
  • Oct 8, 2009 2:08am Oct 8, 2009 2:08am
Quoting PaulLangham
Now long 64
hey paul can i ask why u went long at 64
cheers mate
Survive & Preserve
  • #8,688
  • Oct 8, 2009 2:10am Oct 8, 2009 2:10am
Hi PaulL
When we have 4 fcr's very close one to the other
(which means consolidation)
don't you think it's safer to wait for the BO of fcr4 ?
OR you are looking always to be the 1st on the bus ?
BTW , the distance between fcr1 & fcr4 is "only" 13 pips ...
Tks
david4u
Quoting PaulLangham
Now long 64
Attached Image (click to enlarge)
Click to Enlarge Name: 4 x fcr.gif Size: 55 KB
  • #8,689
  • Oct 8, 2009 2:18am Oct 8, 2009 2:18am
guys I want to mention something here that i been using and its been working..
now this only applies to Bracket breakout enteries.. rest of them we are using #1&2 for exits..
what the chart..
when you get a quick fakeout.. right after trigger time.. the next candel that truns into the bracket and closes solid.. then.. make your exit.. don't wait for play #2 and have your sl hit.. this is the only time that i advise you to do this instead of play #1&2.. let be clear on this..
you can always reenter to assure not missing a possible runner if it's meant to happen..
bcz if you notice BB are either a nasty fake or awsome long runners..

and.. we are going to refer to this exit as "BB exit".. to make our communication easier..

I hope it helps guys.. it saved me once again today from the nasty fake with less damage.. but I missed the damn reentery.. shit.. lol

http://cdn.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 133.gif Size: 22 KB
  • #8,690
  • Oct 8, 2009 2:18am Oct 8, 2009 2:18am
Quoting david4u
Hi PaulL
When we have 4 fcr's very close one to the other
(which means consolidation)
don't you think it's safer to wait for the BO of fcr4 ?
OR you are looking always to be the 1st on the bus ?
BTW , the distance between fcr1 & fcr4 is "only" 13 pips ...
Tks
david4u

Long at 14778
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,691
  • Oct 8, 2009 2:23am Oct 8, 2009 2:23am
Quoting fxachilies
guys I want to mention something here that i been using and its been working..
now this only applies to Bracket breakout enteries.. rest of them we are using #1&2 for exits..
what the chart..
when you get a quick fakeout.. right after trigger time.. the next candel that truns into the bracket and closes solid.. then.. make your exit.. don't wait for play #2 and have your sl hit.. this is the only time that i advise you to do this instead of play #1&2.. let be clear on this..
you can always reenter to assure not missing a possible runner if it's...

Much better than getting stuck inside a choppy bracket - BB exit it is...
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,692
  • Oct 8, 2009 2:24am Oct 8, 2009 2:24am
Quoting david4u
Hi PaulL
When we have 4 fcr's very close one to the other
(which means consolidation)
don't you think it's safer to wait for the BO of fcr4 ?
OR you are looking always to be the 1st on the bus ?
BTW , the distance between fcr1 & fcr4 is "only" 13 pips ...
Tks
david4u

Hi David,

Good point, I actually want to be onboard early, been faked out on top to many times.However by going early be ready for a switch back ride as well. By waiting for the top if it does break and you get everyone else joining in as is the case here - you of course get a better push higher.
Survive and Preserve
  • #8,693
  • Oct 8, 2009 2:25am Oct 8, 2009 2:25am
Quoting fxachilies
then.. make your exit.. don't wait for play #2 and have your sl hit.. this is the only time that i advise you to do this instead of play #1&2.. let be clear on this..
you can always reenter to assure not missing a possible runner if it's meant to happen..
Hi,

I had posted a couple of days ago as a newbie to this method. I have been going through the posts and at the same time keeping a track of live posts and trades. It appears to me that a lot of you guys mention here #1 and 2 and fcr when you enter trades or discuss about them..I have read about 50 odd pages of the thread and it seems I have not read these terms till then. is there something that I missed in the initial set up or is it some later on add on to the terminology out here? if you can, please direct me to the post where these terms are mentioned so that I can track live trades of you guys in a better way. I dont want spoon feeding, just a direction.

Thanks

AG
  • #8,694
  • Oct 8, 2009 2:25am Oct 8, 2009 2:25am
Quoting andrewb7
hey paul can i ask why u went long at 64
cheers mate
Hi Andrew,

Just posted the answer to David.

Basically, want to be in early.
Survive and Preserve
  • #8,695
  • Oct 8, 2009 2:26am Oct 8, 2009 2:26am
Run rabbit, run rabbit, run , run, run
Survive and Preserve
  • #8,696
  • Oct 8, 2009 2:33am Oct 8, 2009 2:33am
Quoting ag_fx
Hi,

I had posted a couple of days ago as a newbie to this method. I have been going through the posts and at the same time keeping a track of live posts and trades. It appears to me that a lot of you guys mention here #1 and 2 and fcr when you enter trades or discuss about them..I have read about 50 odd pages of the thread and it seems I have not read these terms till then. is there something that I missed in the initial set up or is it some later on add on to the terminology out here? if you can, please direct me to the post where these terms...
Post 3973 for # 1 +2 but it's pretty important to read the entire thread to get the subtleties - no substitute for it.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,697
  • Oct 8, 2009 2:34am Oct 8, 2009 2:34am
Quoting PaulLangham
Run rabbit, run rabbit, run , run, run

How's your expectancy metre?
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,698
  • Oct 8, 2009 2:34am Oct 8, 2009 2:34am
Quoting ag_fx
Hi,

I had posted a couple of days ago as a newbie to this method. I have been going through the posts and at the same time keeping a track of live posts and trades. It appears to me that a lot of you guys mention

Thanks

AG

look at #4219

cheers
  • #8,699
  • Oct 8, 2009 2:35am Oct 8, 2009 2:35am
Quoting ag_fx
Hi,

I had posted a couple of days ago as a newbie to this method. I have been going through the posts and at the same time keeping a track of live posts and trades. It appears to me that a lot of you guys mention here #1 and 2 and fcr when you enter trades or discuss about them..I have read about 50 odd pages of the thread and it seems I have not read these terms till then. is there something that I missed in the initial set up or is it some later on add on to the terminology out here? if you can, please direct me to the post where these terms...
Hi AG,

If you have already read the first 50 pgs., you can go to post # 4734 and follow from there...
Anyway, would be perfect to read the whole thread.....

  • #8,700
  • Oct 8, 2009 2:35am Oct 8, 2009 2:35am
Quoting mac1956
Post 3973 for # 1 +2 but it's pretty important to read the entire thread to get the subtleties - no substitute for it.
Thanks mac...I anyways dont plan to take any shortcut...but since I was following you guys trading it, i wanted to understand more of the concept. thanks for the reference. back to the reading
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