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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)

  • #9,981
  • Oct 29, 2009 10:50pm Oct 29, 2009 10:50pm
Quoting fxachilies
HI,
here is my trades of the day.. i give u guys a bit of details on each and the days cycle..
not much really happened till after the news..
my first 3 trades pretty much all fakeouts and got me in a hole for -15.. on the fourth trade i actually felt pretty good bcz i had position myself in a no risk situation right before the u.s news.. but it went the otherway and took me out at BE after being in the the profit for +18 and a 50% chance to make mega bucks if news would have gone bearish.. so at this point i feel pretty shitty and frustrated.....
Hi Fxachilies another great post.I love your trading lesons.It is good read it and think about it.If we want to kill that biatch we can not be scare and just stick with our plan.
Really thank you very much to share your experience and knowledge with us.Keep that gift from God to teach others.Boss not everyone can do it what you do here.
  • #9,982
  • Oct 30, 2009 1:21am Oct 30, 2009 1:21am
Quoting fxachilies
Hi Paul,
nice trading.. great job

just one quick note..
I would be carefull taking on a position right on the news release.. you got to let it show his true color.. more often then not it will spike up and downs before really taking a finall direction.. and that would create all kinds of problem..
I do not recommend taking position right at the release..

anyhow, it worked out and another awsome paulie for you my man.. atta way to hold through the Bracket..
Hey Fx

Thanks for the comments. You gonna kick me hard as I will be openly honest and tell u I didnt do my home work yesterday regarding the red news item - I was distracted at my banking house, they losing money again LOL. I got lucky this trime.
Survive and Preserve
  • #9,983
  • Oct 30, 2009 2:34am Oct 30, 2009 2:34am
First trade of the day Short 19
Survive and Preserve
  • #9,984
  • Oct 30, 2009 2:45am Oct 30, 2009 2:45am
Quoting fxachilies
HI,
lets pause right here for a sec......!!! and go over whats creeping in our head..
am I now up for it? am i too down on myself? am i scared.. has fear captued my mind?.. what if this is another fakeout?.. what if.. what if..
belive it or not these are all the feelings that i feel aswell, still.. and manytimes in the past i have let runs slipp right by me, i was nothing but an audience.. or worst, I entered in late and out of place to only get top/bottom off..
so my point is.. everybody goes through the same thought/feel process.. you can't...

SUPERB! We're human - this is discipline at its best. The Zen. This is superior coaching my friend.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #9,985
  • Oct 30, 2009 3:01am Oct 30, 2009 3:01am
Quoting fxachilies
HI,
here is my trades of the day.. i give u guys a bit of details on each and the days cycle..
not much really happened till after the news..
my first 3 trades pretty much all fakeouts and got me in a hole for -15.. on the fourth trade i actually felt pretty good bcz i had position myself in a no risk situation right before the u.s news.. but it went the otherway and took me out at BE after being in the the profit for +18 and a 50% chance to make mega bucks if news would have gone bearish.. so at this point i feel pretty shitty and frustrated.....
this ebook might be useful to some (but I wouldn't bother with his product unless you are completely emotionally retarded).
Attached File(s)
File Type: pdf Discipline 5 Mental Fitness For Traders.pdf   485 KB | 941 downloads
  • #9,986
  • Oct 30, 2009 3:06am Oct 30, 2009 3:06am
Good morning guys,

after no trading for three days in a row, and missed the whole party this week, I'm back to clean out the cups and bottles from it... LOL

Let's see what this market bring today...

By now, 1st fake of the day....
  • #9,987
  • Oct 30, 2009 3:08am Oct 30, 2009 3:08am
Quoting PaulLangham
First trade of the day Short 19

-10 on this
Survive and Preserve
  • #9,988
  • Oct 30, 2009 3:19am Oct 30, 2009 3:19am
Triggered here...
Let's se if it is a F or a SF
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  • #9,989
  • Oct 30, 2009 3:21am Oct 30, 2009 3:21am
Short 4812
  • #9,990
  • Oct 30, 2009 3:25am Oct 30, 2009 3:25am
good morning,
I am short based on this 123s.. now that it kinda givinig a breakout look i most likly switch from playing #2 to #1.. lets see what happens..

http://cdn.forexfactory.com/images/attach/gif.gif
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  • #9,991
  • Oct 30, 2009 3:27am Oct 30, 2009 3:27am
out @ BE for me here...
didn't like the quickly retrace...
Waiting for another go...
  • #9,992
  • Oct 30, 2009 3:31am Oct 30, 2009 3:31am
OUT -10
Quoting david4u
Short 4812
  • #9,993
  • Oct 30, 2009 3:56am Oct 30, 2009 3:56am
me too short @ 4812 and out for -5.3.

fx, my reasoning was that it was still a widening range, so i treated my entry as bb with 2g+ (since there was no large swing to treat it as s123). It kept making a L/L though so i decided to have a little patience and exited on the mini retest.

Was my reasoning ok? Now long on break of fcr - playing #2
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  • #9,994
  • Oct 30, 2009 4:11am Oct 30, 2009 4:11am
Quoting Porkpie
this ebook might be useful to some (but I wouldn't bother with his product unless you are completely emotionally retarded).

Thanks Porkpie. I've just read it and it is right on the money - the man is totally correct.

First I want to declare right now that I trust you Fx 100% - no doubts no reserve.
Second from Monday, I will only trade days I know I can be with the PA all day without interruption.
Third, I am going to keep a journal and when I have something worth contributing publish my learning (warts and all) here to give back for the learning I gain from all the other fantastic family members here.
Fourth, I am going to keep working on my mental and emotional toughness - not watching the profit/loss in my trading account until the end of each session - and working each trade to perfect them whether they win or lose.
Fifth - from today I am a trader NOT a newbie. I know enough - this is not about knowing more - it's about working it out consistently knowing the runners come and the little losses just pave the way to the inevitable gain.
One pair one time frame one philosophy.

THIS THREAD IS NEARLY AT 10000 POSTS! Fx or Feb - you should post the 10,000 th
$urvive, Pre$erve & RESPECT THE TEACHER
  • #9,995
  • Oct 30, 2009 4:27am Oct 30, 2009 4:27am
"this is not about knowing more - it's about working it out consistently knowing the runners come and the little losses just pave the way to the inevitable gain.
One pair one time frame one philosophy."

It comes down to simply that. Thanks mac for putting into words so perfectly and we stand right besides you on your journey.

On a side note: i have attached an excel sheet that i use for tracking trades and modified it a little. It has a column where if you enter type of entry it gives out automatically type of play. It has helped me to stick to my plan.

Will shut up now. Waiting for the round numbered post from our beloved leaders. This calls for champagne
Attached File(s)
File Type: xls tradelog.xls   61 KB | 443 downloads
  • #9,996
  • Oct 30, 2009 4:54am Oct 30, 2009 4:54am
Quoting david4u
OUT -10
Was short from 14 - 5 on that.

Currently Long 23
Survive and Preserve
  • #9,997
  • Oct 30, 2009 4:56am Oct 30, 2009 4:56am
Quoting mac1956
Fifth - from today I am a trader NOT a newbie.

Hi Mac I think this is an important point, one need's to get it in one's head that trading is your profession and life's desire. To take points by runners is our goal
Survive and Preserve
  • #9,998
  • Oct 30, 2009 5:04am Oct 30, 2009 5:04am
waiting for long above hi at 45(123d), or short below 30 (fcr1)
  • #9,999
  • Oct 30, 2009 5:21am Oct 30, 2009 5:21am
PaulL
Hi my friend ...
I am long from 25
I know you ...
You are holding ... SL around 30
that is what I am doing ...
Let's see how price behaves above 45 (prev H)
david4u

Quoting PaulLangham
Currently Long 23
  • #10,000
  • Oct 30, 2009 5:25am Oct 30, 2009 5:25am
entered at 50 out playigng g+ at 43 for -7, will re-enter at 55
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