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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)

  • #9,341
  • Oct 15, 2009 10:40am Oct 15, 2009 10:40am
Can I say that ths is already a legitimate fcr
to move my SL bellow that
OR we need 1st to see the HH broken ?
Tks
david4u
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  • #9,342
  • Oct 15, 2009 10:50am Oct 15, 2009 10:50am
Quoting david4u
Elizo
any reason not to place ALSO a Buy Stop order ?
who knows what can happen ?
my 2 c
david4u
Hey...

Sorry, absolutely not. Long from 18. Still on it!


SL at 34.5

Edit: out at 48. Hesitation.
  • #9,343
  • Oct 15, 2009 11:31am Oct 15, 2009 11:31am
Closed the Long trade @ 4942 = +26
after price failed to break HH and started a consolidation period
any remmarks are welcome
Tks
david 4 u

Quoting david4u
Long .... late entry @ 4916
should have been @ 4905
at this moment +26
SL to BE
let's see..... 1.5 ?.......BE ? ... who knows
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  • #9,344
  • Oct 15, 2009 12:08pm Oct 15, 2009 12:08pm
Short BB @ 4933
playing #1
+18 so far ...
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  • #9,345
  • Edited 1:08pm Oct 15, 2009 12:23pm | Edited 1:08pm
Me too at 33

Awaiting retrace to define new SL.

Edit: Out at 16, another +17 in the pocket.

Thanks Mr. FX. Please, send me the Fee Bill to the usual address...
  • #9,346
  • Oct 15, 2009 1:45pm Oct 15, 2009 1:45pm
Exited @ 4917 for +16
After the end of the retracement (b) price was not able to break the prev low (a) .
From b to c , every candle make a lower low , and that stopped at point c , for what could looked at that moment as a HL (a > c ) .
Did I payed #1 properly ?
Tks
davi4u
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  • #9,347
  • Oct 15, 2009 2:03pm Oct 15, 2009 2:03pm
Hi,

Here are my trades from earlier today.

Trade 2 was already discussed I was very aggressive and early on a half formed FCR but I exited and reversed after my mistake and then earned some nice pips on trade 3 +45

Trade 4 - I exited at BE, because I am instinctively aggressive in cutting losers. Of course if I had of given the trade more space then I would have had the BE and wouldn`t had to re-enter higher up.

Thanks to all for a great day`s trading.
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Survive and Preserve
  • #9,348
  • Oct 15, 2009 2:31pm Oct 15, 2009 2:31pm
Quoting elizo
To be honest, I did not realise about that stupid commentary that I have read now several times. I was lucky and I am not now. For what it worths, everyone could do whatever they want but I would recommend to ignore the trolls. This is my only post about that pathetic behaviour.

This is a thread full of positive energy, effort, fellowship and altruism. I have said this several times, it's not free bullshitting. We, as always in life, will have to face people or circumstances trying to annoy us, disturb us or simply envy us. Succeeding has this....
Spot on Elizo, we said my friend.
Survive and Preserve
  • #9,349
  • Oct 15, 2009 2:39pm Oct 15, 2009 2:39pm
Quoting david4u
Exited @ 4917 for +16
After the end of the retracement (b) price was not able to break the prev low (a) .
From b to c , every candle make a lower low , and that stopped at point c , for what could looked at that moment as a HL (a > c ) .
Did I payed #1 properly ?
Tks
davi4u
Hi DAvid

I am sure FX will comment. I think you did OK here, maybe what is not stated is that we are coming towards the end of the US trading session and price migth reasonably be expected to start ranging now, so why not bank up at this point.

ON the against argument if you had of held then you are already in the market should price break downside and you will suffer no pain if there is a fakeout .

Lastly you will have seen me exiting on the break of your B in typical examples I have posted this is because I would get ready to go the other way at that stage. But as trading is coming to end I think you did the right thing.

Hopethis helps.
Survive and Preserve
  • #9,350
  • Oct 15, 2009 3:43pm Oct 15, 2009 3:43pm
you guys had a cracker of a NYC too

well done. Damnit, sleep was soo not worth it
Survive and Preserve
  • #9,351
  • Oct 15, 2009 4:08pm Oct 15, 2009 4:08pm
Hi All,

These are my trades.

I made a mistake with the first trade closing it early without any reason (maybe at that moment I was hallucinating with FCRs, strong reversals, etc... ), so it led to try to re-enter at trade 2 and at trade 3. The result was only +7.5 pips with the 3 trades instead of just 1 trade with +25.4 pips profit. In brief my mistake costs 17.9 pips.

Any comment is welcome.


Regards.

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  • #9,352
  • Oct 15, 2009 4:20pm Oct 15, 2009 4:20pm
Quoting molotov
poor FX ,still the same old assh...

come on psycho I´m waiting for your response.
I can't believe it.

You deserve no response.
  • #9,353
  • Oct 15, 2009 4:28pm Oct 15, 2009 4:28pm
Hi PaulL
Your remarks ALWAYS help
Thank you
david4u

Quoting PaulLangham
Hi DAvid

I am sure FX will comment. I think you did OK here, maybe what is not stated is that we are coming towards the end of the US trading session and price migth reasonably be expected to start ranging now, so why not bank up at this point.

ON the against argument if you had of held then you are already in the market should price break downside and you will suffer no pain if there is a fakeout .

Lastly you will have seen me exiting on the break of your B in typical examples I have posted this is because I would get ready to go the other...
  • #9,354
  • Oct 15, 2009 4:30pm Oct 15, 2009 4:30pm
Good trading, you missed one but its all the learning process isnt it? man you are very good.

Remember, there is always another trade.



Quoting Trader222
Hi All,

These are my trades.

I made a mistake with the first trade closing it early without any reason (maybe at that moment I was hallucinating with FCRs, strong reversals, etc... ), so it led to try to re-enter at trade 2 and at trade 3. The result was only +7.5 pips with the 3 trades instead of just 1 trade with +25.4 pips profit. In brief my mistake costs 17.9 pips.

Any comment is welcome.


Regards.

Attachment
Survive and Preserve
  • #9,355
  • Oct 15, 2009 5:47pm Oct 15, 2009 5:47pm
Trader222

Excellent days trading, well done. I also exited on that FCR in your trade 3. I thought it was valid. I noted Paul L held through it. I went long on it as well but got out -2.

Paul L

Would you please talk us through why you didn't exit. Not being critical, wanting to learn
"Save your ass, then go for profit"
  • #9,356
  • Oct 15, 2009 6:19pm Oct 15, 2009 6:19pm
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Some opening levels of interest to me.
testing the market
  • #9,357
  • Oct 15, 2009 6:34pm Oct 15, 2009 6:34pm
Long on break .
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Survive and Preserve
  • #9,358
  • Oct 15, 2009 7:51pm Oct 15, 2009 7:51pm
Hi all,

We are still holding our long here. The read highlights are hurdles we are watching. The top hurdle is the HH of EUR so a big watch there at the moment.


Quoting en0x
Long on break .
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Survive and Preserve
  • #9,359
  • Oct 15, 2009 9:58pm Oct 15, 2009 9:58pm
It formed a double top and I really should have closed there. Was stupid, it then went down and stopped me out.

I am now short from the bracket breakout at 4943, already looking at playing number 2
Quoting en0x
Hi all,

We are still holding our long here. The read highlights are hurdles we are watching. The top hurdle is the HH of EUR so a big watch there at the moment.
Survive and Preserve
  • #9,360
  • Oct 15, 2009 10:29pm Oct 15, 2009 10:29pm
Quoting en0x
It formed a double top and I really should have closed there. Was stupid, it then went down and stopped me out.

I am now short from the bracket breakout at 4943, already looking at playing number 2
What a great thread, trading in its purest. Maybe you held on to it a little too long ?

Can I ask you, what do you mean by number 2 ?

regards

mARK
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