The System II (Yes with irony) | Page 493 | Forex Factory

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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)

  • #9,841
  • Oct 27, 2009 2:03am Oct 27, 2009 2:03am
Quoting en0x
Closed half at +38 , moved SL to +21 and now I have to head home from work. See you guys later.
good one enox, i got taken out for -1...i had stop a bit close... now long again at 911..
  • #9,842
  • Oct 27, 2009 2:17am Oct 27, 2009 2:17am
Quoting david4u
Fx & friends
if I may ask one question ...
I am +12 on a trade (BB) , so at this moment
my worst case sceario is to finish at BE .
Is that correct ?
If that's correct ,the only way to assure that
is by moving my SL to BE ,
BUT, if a fcr was not yet formed.
How would you go in this case ?
tks
david4u

Good question there david, the correct BB exit states a #2G exit if price fails
Maybe someone more experienced can give a better answer.

HR
  • #9,843
  • Oct 27, 2009 2:32am Oct 27, 2009 2:32am
Hmmm, price came within 2 pips of knocking my SL +21. Lets see what she wants to do
Survive and Preserve
  • #9,844
  • Oct 27, 2009 2:51am Oct 27, 2009 2:51am
Closed the other half for +21
Now short from 1.4899 on FCR, playing number 2 now... until further notice
Quoting en0x
Hmmm, price came within 2 pips of knocking my SL +21. Lets see what she wants to do
Survive and Preserve
  • #9,845
  • Oct 27, 2009 2:58am Oct 27, 2009 2:58am
Hi All,

ready to go for another day's trading
Survive and Preserve
  • #9,846
  • Oct 27, 2009 2:59am Oct 27, 2009 2:59am
Playing number 1 now..

Quoting en0x
Closed the other half for +21
Now short from 1.4899 on FCR, playing number 2 now... until further notice
Survive and Preserve
  • #9,847
  • Oct 27, 2009 2:59am Oct 27, 2009 2:59am
Short 4894
  • #9,848
  • Oct 27, 2009 3:03am Oct 27, 2009 3:03am
Sorry for my questions , but could someone tell me where I could find all explanations about exits 1,2 ...
Thanks

zaba1
  • #9,849
  • Oct 27, 2009 3:14am Oct 27, 2009 3:14am
Morning from the UK.

Slim profit yesterday due to taxi driving my daughter around - should have left the trade live with SL at BE - live and learn. Great one for all those who caught it.

Trading nervous this morning for some reason, something to do with missing out I think - got to get my head together.

Looks like Enox the Iron Fist had a good night - well played Buddy.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #9,850
  • Oct 27, 2009 3:26am Oct 27, 2009 3:26am
Quoting highroller
zaba,

Check out post 9732 from fxarchilles on playing the correct exit for the entries...


http://www.forexfactory.com/showpost...postcount=9732

HR
Zaba's been around a while - not a newbie as such.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #9,851
  • Oct 27, 2009 3:57am Oct 27, 2009 3:57am
Letting you know that I have closed this trade for +21, I am shutting down now to spend some time with my wife and I am on an early shift at work this week.

Anyways, alright day of trading

on eur i had 2 trades.
trade 1 long half position off at +38, other half at +21
trade 2 short closed +21

Night all, hope you get another killer runner , which I will miss
I
Quoting en0x
Playing number 1 now..
Survive and Preserve
  • #9,852
  • Oct 27, 2009 4:26am Oct 27, 2009 4:26am
Hello everyone,
late start here for me today as i when out to a nice fx style breakfast/brunch.. lol.. ready to go now..

I want to congrats Mr.David4u.. you are officially the new Paulie man.. all your 12-16 hrs work is starting to payoff.. u keep up the good work with more belief and you will bank on more runners than ever before.. I am glad to hear your trading reall now.. magnificent job..

guys.. another example of guy that started to get the hang of things slowly but surely in the beliveing into the sticking to the plan preach.. I admit it is a lot easier to do so since this weekend inregards to more clearer tools steps and guidance.

but anyhow its all there for you to grab and run with it.. now is just time to get buzzy with your fizzy (macdaddys words..lol) and just do it..
  • #9,853
  • Oct 27, 2009 4:32am Oct 27, 2009 4:32am
Quoting en0x
Letting you know that I have closed this trade for +21, I am shutting down now to spend some time with my wife and I am on an early shift at work this week.

Anyways, alright day of trading

on eur i had 2 trades.
trade 1 long half position off at +38, other half at +21
trade 2 short closed +21

Night all, hope you get another killer runner , which I will miss
I
nice job Capitoooon enox..

you keep this up and some day you will be the reall sailing captian of your own sail boat and you will invite us all for the ride..
cheers to that day..
  • #9,854
  • Oct 27, 2009 5:07am Oct 27, 2009 5:07am
Hi Fx
Thanks for your warm words.
Hope to be part of the family ...
If you' ll have a minute , may be you can take a look at my post #9837
(worst case scenario after trade goes +12.... BE vs. playing #2g+)
Thanks again
david4u
Quoting fxachilies
I want to congrats Mr.David4u.. you are officially the new Paulie man.. all your 12-16 hrs work is starting to payoff..
  • #9,855
  • Oct 27, 2009 7:56am Oct 27, 2009 7:56am
So slow. 2 trades on EURUSD today, but I've been feeling really twitchy...I think it's all so slow I've too much time to start worrying! Also I think missing that runner yesterday has left me feeling a bit weird - mind doesn't half play games... anyway I'm out for now - + 31

Going to the cinema to 'Up' in 3d with my kids who are on holiday this week.

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$urvive, Pre$erve & RESPECT THE TEACHER
  • #9,856
  • Oct 27, 2009 7:57am Oct 27, 2009 7:57am
Quoting david4u
Hi Fx
Thanks for your warm words.
Hope to be part of the family ...
If you' ll have a minute , may be you can take a look at my post #9837
(worst case scenario after trade goes +12.... BE vs. playing #2g+)
Thanks again
david4u

Ok Dave,
BB = #2G+ if fakeout.. #1 if SF..
now listen up.. every is uniqe for itself.. they come in different shapes and froms allthough they look alike in the hindsite..
in this case if your up 12 pips from the level line is a good start for SF but it may be or may not be enough room for a retrace to fully form..
I personally would play the G+ still and let the price to form a short retrace.. But thats only possible if you care or less about leaving money on the table like your buddy fxa..
  • #9,857
  • Edited 9:38am Oct 27, 2009 8:16am | Edited 9:38am
hmm...waiting for EUR/USD break down...this is my entry..
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  • #9,858
  • Oct 27, 2009 8:23am Oct 27, 2009 8:23am
hi guys,
i hear some disapointment about missing out on that runner..
here is the thing..
if you were present infront of your screen and u did not take action.. then u got all sorts of problems.. dig deep and fix it..
but if you were not present like Macdaddy.. don't worry about it bro.. don't let it to mess with ur mind.. yesterday is history.
what u got to do is to sit and figure out your time table for trading and don't let anything come in between.. like a regular job..
I trade the London & NY.. and i watch the screen during those times.. and what i miss outside of this two session i simply dont give a hell.. every morning these days I get up and see a big run in asian session.. first of the bat i am happy for my buddy enox (by the way he is doing wonderful now and he makes his money mostly in sydney and asian session).. and i get on him if he mesess up.. lol.. but right after that i draw my two lines i go for the kill in my two up coming session..
so my point is.. set a trading time table for yourself.. figure out the sessions you wanna work and work it to death..
i understand there are emergencys but there rare occasions.. other than that, it is your job to hunt runners on your session.. just think of it as a regular job that you have to be present atleast for 95% of times in order to get a paycheck at end of the month..

This is important guys.. its a make or break thing for you.. otherwise u will ending up with all the losers and very little winners..
  • #9,859
  • Oct 27, 2009 8:41am Oct 27, 2009 8:41am
Hi guys,

I've shorted this at 123. Price reversed sharply. Since the price drop is sharp, I'll expect the reverse to be sharp too. I'm waiting to playing #2 now.

Is my above thought processes correct?

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  • #9,860
  • Oct 27, 2009 8:51am Oct 27, 2009 8:51am
Quoting stewart_2611
hmm...waiting for EUR/USD pullback down...this is my entry..

its time for me to have a bit of fun with stewy here..

so stewy.. how do you like the pullback that you were looking for?.. buha it did not happen what you were looking for.. its fine no sweat.. but, whatcha gonna do about it?

do u know about this thing called I... and T....... .
how about #.......... and G...... and this thing called Ex............ .
or the one T....... and one C........... .

if you do know all this stuff then give it all to me in one short post.. otherwise stop being wise and start listening to your brothers in here when for the last two days they are trying to guide you..
no more irrelevant comments or charts form other timeframes.. if u do i will banned u in a heart beat.. this aint no place for messing around.. serious and dedicated traders come in here to learn and practise what we preach.. other stuff is intolerable to this family..
I say this with utmost respect.. (I beeb watching ur behavious for the past two days and its enough..)

read the thread if you want to be part of this family..

best of luck to you..
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