The System II (Yes with irony) | Page 494 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

The System (Irony included) 1,175 replies

Attachments: The System II (Yes with irony)
Exit Attachments

The System II (Yes with irony)

  • #9,861
  • Oct 27, 2009 8:55am Oct 27, 2009 8:55am
Quoting PlasmaxGT
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?

Attachment
its superbly incorrect.. (of course only based on what we do here)
you must have been skipping this weekends posts..
  • #9,862
  • Oct 27, 2009 9:07am Oct 27, 2009 9:07am
Quoting fxachilies
its superbly incorrect.. (of course only based on what we do here)
you must have been skipping this weekends posts..

Hi FX,

Thanks for the comment. The short entry was entered at 123 D setup.
Can you elaborate on the incorrect part? I'm at all ears.
  • #9,863
  • Oct 27, 2009 9:10am Oct 27, 2009 9:10am
Short from 4874
FCR
defensive : # 2 (hold , but was not easy)
Now playing offensive #1
+65 ATM
Attached Image (click to enlarge)
Click to Enlarge Name: short 4874.gif Size: 29 KB
  • #9,864
  • Oct 27, 2009 9:34am Oct 27, 2009 9:34am
Out
+54
probably did not play the best #1
comments are welcome
tks
david4u
Attached Image (click to enlarge)
Click to Enlarge Name: out +54.gif Size: 31 KB
  • #9,865
  • Oct 27, 2009 9:35am Oct 27, 2009 9:35am
Quoting PlasmaxGT
Hi FX,

Thanks for the comment. The short entry was entered at 123 D setup.
Can you elaborate on the incorrect part? I'm at all ears.

ummm I must say no to you.. the matrial is there for you to dig out and figure out..

I give u a hint..
you entery is correct.. but what you stated about defense is the problem..
123D = F = ?
  • #9,866
  • Oct 27, 2009 9:41am Oct 27, 2009 9:41am
Quoting david4u
Out
+54
probably did not play the best #1
comments are welcome
tks
david4u
well done my friend.. with u for +66 close..
perfect entery..
perfect defensive ply.. (atta way to stay patience and sticking to the plan)
and perfect close for a solid paulie result..

great job.. hard work is paying off once again..
  • #9,867
  • Oct 27, 2009 9:50am Oct 27, 2009 9:50am
Quoting fxachilies
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?.....
...sorry, wrong interpretation...type the wrong word, not pullback...should be break/impulsive...

I don't mean anything here just want to be part of family...not more than that...
  • #9,868
  • Oct 27, 2009 9:51am Oct 27, 2009 9:51am
Quoting fxachilies
ummm I must say no to you.. the matrial is there for you to dig out and figure out..

I give u a hint..
you entery is correct.. but what you stated about defense is the problem..
123D = F = ?

Its a 123D. I should have exited at -5 to -10 pips(2G+). Re entry again at past LL.
  • #9,869
  • Oct 27, 2009 9:57am Oct 27, 2009 9:57am
Quoting stewart_2611
...sorry, wrong interpretation...type the wrong word, not pullback...should be break/impulsive...

I don't mean anything here just want to be part of family...not more than that...
can you fillin those blanks? when u do you are more than welcome to be part of this family..
if not.. then my message must be clear to you..

you be part of the family once you do the following:
refer to post 4734 and follow from there.. once done with that read my posts in the this very past weekend..

please, be done with all this before making any more posts..

Thank you..
  • #9,870
  • Oct 27, 2009 10:08am Oct 27, 2009 10:08am
Quoting PlasmaxGT
Its a 123D. I should have exited at -5 to -10 pips(2G+). Re entry again at past LL.
u stand correct now my friend.. this is exactly what i would have done if i was not already in the short trade from the very top with david4u..

bcz the retrace on 123D are risky and too far away.. you got a high exit point and if it breaks that area and lets lose and u don't exit you could be in a bigtime trouble.. why should u even allow yourself to be even near those situations.. ur better of to give away 5-10 pips and reenter like you said it yourself.. plus you a had wall st open on your ass too and we know how they can swing there thing.. luckly this time they countinued going south..
  • #9,871
  • Oct 27, 2009 10:15am Oct 27, 2009 10:15am
Quoting fxachilies
u stand correct now my friend.. this is exactly what i would have done if i was not already in the short trade from the very top with david4u..

bcz the retrace on 123D are risky and too far away.. you got a high exit point and if it breaks that area and lets lose and u don't exit you could be in a bigtime trouble.. why should u even allow yourself to be even near those situations.. ur better of to give away 5-10 pips and reenter like you said it yourself.. plus you a had wall st open on your ass too and we know how they can swing there thing.....

Thanks FX! I'll register today's lesson. It sure feels different when trading live together with you vs watching at the sideline to digest.

I've exited the trade at the yellow area when price stalled. FX and David4U, what makes you guys wanna exit at earlier stage instead of playing #1.
Attached Image (click to enlarge)
Click to Enlarge Name: 27100902.jpg Size: 292 KB
  • #9,872
  • Oct 27, 2009 10:21am Oct 27, 2009 10:21am
Tks FX
I have a question regarding playing #1
I see some options :
1. exiting at A after price could not make a LL (there you exit ?)
2. exiting at B (what I did) assuming this is a possible fcr
3. waiting for the price to develop a "big/normal" retracement...
in the chart , we see now point D (38% ret ... and moving SL above that )
BUT from C to A there is swing of 100 pips so a 50% correction is a real option , meaning the trade off to take a bigger runner is very high.
Hope I make my point clear .
Tks
david4u

Can you pls make some comments about this
Tks
david4u

Quoting fxachilies
well done my friend.. with u for +66 close..
perfect entery..
perfect defensive ply.. (atta way to stay patience and sticking to the plan)
and perfect close for a solid paulie result..

great job.. hard work is paying off once again..
Attached Image (click to enlarge)
Click to Enlarge Name: playing #1.gif Size: 32 KB
  • #9,873
  • Oct 27, 2009 10:43am Oct 27, 2009 10:43am
plasmax,
I played a prefect #1 and got +66.. i exited on the early stage of 4th candel after the LL candel..
david exited based on the break of fcr.



David4u,
all ur options are fine once you are well into profit like 50+..
from this point on its a matter of preference..
however you should lock in profit right at fcr and then play whatever u want inise the retrace..
once #1 ply exit opportunity is arrived u can always bank.. but whatever u do.. do not let profit get away from you above fcr..
  • #9,874
  • Oct 27, 2009 10:52am Oct 27, 2009 10:52am
Quoting fxachilies
plasmax,
I played a prefect #1 and got +66.. i exited on the early stage of 4th candel after the LL candel..
david exited based on the break of fcr.



David4u,
all ur options are fine once you are well into profit like 50+..
from this point on its a matter of preference..
however you should lock in profit right at fcr and then play whatever u want inise the retrace..
once #1 ply exit opportunity is arrived u can always bank.. but whatever u do.. do not let profit get away from you above fcr..

Thanks FX. I always thought #1 exit will take a few candles. Its great learning today. =D
  • #9,875
  • Oct 27, 2009 11:00am Oct 27, 2009 11:00am
I am long currently my last trade of the day.. I am well into profit for the day and will let this one unsupervised to ride to the moon.. lol.. I can afford to spare 12 pips here.. using my profit advantage for the day to lean against the market with it..

trade setup = fcr1
def = #2.

I see u all tomorrow..
  • #9,876
  • Oct 27, 2009 3:31pm Oct 27, 2009 3:31pm
Quoting david4u
Out
+54
probably did not play the best #1
comments are welcome
tks
david4u
Hey David

I exited at exactly the same spot as you, but your entry was much higher up so its a great trade that you did.
Survive and Preserve
  • #9,877
  • Oct 27, 2009 3:36pm Oct 27, 2009 3:36pm
Quoting david4u
Out
+54
probably did not play the best #1
comments are welcome
tks
david4u
Hi David,

It looks like you are addicted to paulies...

Congrats!
  • #9,878
  • Oct 27, 2009 3:45pm Oct 27, 2009 3:45pm
Good Morning. Lets see what the new day gives us.

Awesome work last night, looked wonderful.
Survive and Preserve
  • #9,879
  • Oct 27, 2009 3:46pm Oct 27, 2009 3:46pm
David,

Man oh man, you are getting good , kicking ass and asking pips later...

Chris

Quoting Trader222
Hi David,

It looks like you are addicted to paulies...

Congrats!
Survive and Preserve
  • #9,880
  • Oct 27, 2009 3:51pm Oct 27, 2009 3:51pm
Hi PaulL
I just try to "copy/paste" your style ...
so it's not a surprise I exited at YOUR point
Looking forward to see your daily trades
Tks
David4u

Quoting PaulLangham
Hey David

I exited at exactly the same spot as you, but your entry was much higher up so its a great trade that you did.
4 traders viewing now