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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)

  • #8,701
  • Oct 8, 2009 2:37am Oct 8, 2009 2:37am
Quoting ag_fx
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

Good man - it's time well spent!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,702
  • Oct 8, 2009 2:38am Oct 8, 2009 2:38am
we are going to refer to this exit as "BB exit".. to make our communication easier..

Thanks for the new term - have added it to my Irony Trading Plan
I make money anywhere in the world by taking orders
  • #8,703
  • Oct 8, 2009 2:41am Oct 8, 2009 2:41am
Quoting PaulLangham
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.

You're now in a great position to weather this fakeout My Acme Expectometer is almost on red!!!!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,704
  • Oct 8, 2009 2:42am Oct 8, 2009 2:42am
short 71 fcr
  • #8,705
  • Oct 8, 2009 2:49am Oct 8, 2009 2:49am
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...



Another amazing tool on the same "Survive & Preserve" boat.....

THANKS Fx
  • #8,706
  • Oct 8, 2009 2:52am Oct 8, 2009 2:52am
# 2 Out +5
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,707
  • Oct 8, 2009 2:59am Oct 8, 2009 2:59am
Quoting mac1956
# 2 Out +5
Well done Mac,
  • #8,708
  • Oct 8, 2009 3:20am Oct 8, 2009 3:20am
Hi Fxahilies!!!!!

I very appreciate your opinion about my trades!!! Yes, I will re-understand how I do things...

I still have to you two questions... I do read posts of Feb and you many times and try to understand them dip...

For exemple... Your phrase: "If the price will act funny on the level then I will exit trade". Please, hint me what does this mean??? Speed, jumping, or something else? Just some hint, please...

In the middle of this thread I did find this phrase of Feb:"Watching PA around the levels - that's a tru definition of price action". Does this mean the same that you say about "acting funny" on the levels??? Or something else??
Hint me, please...

And the second question (see the chart):
In one of the last posts Feb said this:
"why in this freakin' world you guys still dwell on trading every single hiccup outhere??
All I see, before the big ass red candle, is just a small hiccup......
Repeat after me - The basis of this "system" is.........???"

Does this mean that we do not have to exit short trade (if we are in trade) before that big red candle, because there was no swing reversal??? The whole directionality is still short??? Or I miss something???

Sorry if my questions are stupid, I try to not ask very often now... but these questions are really very importent for me...

Please, help me, give your opinion....
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  • #8,709
  • Edited 3:43am Oct 8, 2009 3:32am | Edited 3:43am
ok guys.. i see some discussion about Pauls early entery..
this thread is about developing inot a better trader with all the tools at your disposal here.. so once this concept is grasped and one's gets plenty of practise under the belt and creats a feel and intution and the necessary discipline for the 5m market price, then pretty much you can do what you like..
so what Paul did right there is not suitable for everyone specially the new people .. paul is crafty enough to know how to handel it when things go wrong.. some of you might not still..
so for that i would like to ask the advance people with all do respect to keep those trades to themselves for the sake of threads direction/strucure for our newbies (as i do myself).. we got after all some structures in place.. heheheh.. so people can go by these very few and simple structure to build there skill up before going into advance level of freestyle..
however if you want my opinion on this...
i would verymuch more prefer to wait for the price to break out of the bracket and deal with the trade managment then.. otherwise we be getting involved in all the fcr's in a 20pips range even!!! and thats just not wise.. thats why we got BB entery option..
spoting the range time and stying the hell out of it till market moves again is another valuable skill of System II family ..

Thanks..
  • #8,710
  • Oct 8, 2009 3:39am Oct 8, 2009 3:39am
Quoting FOURX
short 71 fcr
short at 767 too....

HR
  • #8,711
  • Oct 8, 2009 3:42am Oct 8, 2009 3:42am
Quoting dim4ik42
Hi Fxahilies!!!!!

I very appreciate your opinion about my trades!!! Yes, I will re-understand how I do things...

I still have to you two questions... I do read posts of Feb and you many times and try to understand them dip...

For exemple... Your phrase: "If the price will act funny on the level then I will exit trade". Please, hint me what does this mean??? Speed, jumping, or something else? Just some hint, please...

In the middle of this thread I did find this phrase of Feb:"Watching PA around the levels - that's a tru definition of...
My man Dim.. you worte me a novel.. lol.. just kidding..
I will not be able to get back to you on this today.. as some of the guys know, today is my birthday and my girl is throwing me a big party and i am just getting geared up for that.. I might feel alert by friday's NY open.. lol.. I am into two bloody maryies already.. lol
so today my system is on but i am not around much..
  • #8,712
  • Oct 8, 2009 3:45am Oct 8, 2009 3:45am
Quoting fxachilies
My man Dim.. you worte me a novel.. lol.. just kidding..
I will not be able to get back to you on this today.. as some of the guys know, today is my birthday and my girl is throwing me a big party and i am just getting geared up for that.. I might feel alert by friday's NY open.. lol.. I am into two bloody maryies already.. lol
so today my system is on but i am not around much..
HAPPY BIRTHDAY TO YOU...
$urvive, Pre$erve & RESPECT THE TEACHER
  • #8,713
  • Oct 8, 2009 3:46am Oct 8, 2009 3:46am
Quoting fxachilies
My man Dim.. you worte me a novel.. lol.. just kidding..
I will not be able to get back to you on this today.. as some of the guys know, today is my birthday and my girl is throwing me a big party and i am just getting geared up for that.. I might feel alert by friday's NY open.. lol.. I am into two bloody maryies already.. lol
so today my system is on but i am not around much..
Happy Birthday there FX, having a few steiny pures here to celebrate your birthday too....lol
Have a good one!!
Cheers
  • #8,714
  • Oct 8, 2009 3:50am Oct 8, 2009 3:50am
short by the way.. hopefully market will have some mercy and reward us all for my bithday sake with a big ass run short...
C'mon 100pips straight line downnnnnn... lol
sorry a little buzz already.. excuse my behaviour today..


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  • #8,715
  • Oct 8, 2009 3:51am Oct 8, 2009 3:51am
HAPPY BIRTHDAY FX , i hope u have an awesome day mate.
its my birthday on the 11th so i will have a beer for yours as well
Survive & Preserve
  • #8,716
  • Oct 8, 2009 3:55am Oct 8, 2009 3:55am
Quoting highroller
short at 767 too....

HR
out at 772 for -5 pips but ok for play #2 in my book...

HR
  • #8,717
  • Oct 8, 2009 4:36am Oct 8, 2009 4:36am
Quoting highroller
Happy Birthday there FX, having a few steiny pures here to celebrate your birthday too....lol
Have a good one!!
Cheers
HR, are you a kiwi?

happy birthday fx! hammertime
  • #8,718
  • Oct 8, 2009 4:41am Oct 8, 2009 4:41am
Quoting benkm108
HR, are you a kiwi?

happy birthday fx! hammertime
Yep sure am a kiwi there Benk..

And steiny pures are the best beer in the world...

Cheers

HR
  • #8,719
  • Oct 8, 2009 5:17am Oct 8, 2009 5:17am
Quoting fxachilies
ok guys.. i see some discussion about Pauls early entery..
this thread is about developing inot a better trader with all the tools at your disposal here.. so once this concept is grasped and one's gets plenty of practise under the belt and creats a feel and intution and the necessary discipline for the 5m market price, then pretty much you can do what you like..
so what Paul did right there is not suitable for everyone specially the new people .. paul is crafty enough to know how to handel it when things go wrong.. some of you might not still.....
Hi Fx,

Ok my friend , no issues

I like the new baby BB entry as well, nice going
Survive and Preserve
  • #8,720
  • Oct 8, 2009 5:26am Oct 8, 2009 5:26am
Happy Birthday FX

Quoting fxachilies
short by the way.. hopefully market will have some mercy and reward us all for my bithday sake with a big ass run short...
C'mon 100pips straight line downnnnnn... lol
sorry a little buzz already.. excuse my behaviour today..


http://cdn.forexfactory.com/images/attach/gif.gif
Survive and Preserve
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