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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)

  • #10,041
  • Nov 1, 2009 2:39pm Nov 1, 2009 2:39pm
Hi,
guys i am starting to see posts with pdf attachments "manuals" about emotions & discipline and etc..
I got nothing against it.
I did not read any of them that been offered here in the last afew days but I am sure they offer some sort of "magical" theories.. i have read plenty of these aritcles/books in the past, but i don't anymore for the past year or so..

let me give you my 2cent on this subject..
there is a guy here told me something that really dazzled me.. you might guess who he is... lol
he said.. you can't runaway or hide from your emotions when it comes to trading.. BAMMMMMM.. it just made sense to me..
if it don't dazzle you, then keep on reading all these manuals/article/e-books/old school books.. whatever you get your hands on..

here is the deal with me..
the minute that i put a end to my emotions is, when i cut the fucker short..
ask for discipline.. its easy.. I just do it.. I execute cold..
I cut when i have to, and I trigger when i have to..
wash & rinse.. next one.. IF and THEN baby..

another word... I follow the P.......L........A........N .
in irony.. it results in less or no emotional involvments..

I don't give the market the chance to get me as deepst and as far as that I have to think or depend on some emotional guide.
  • #10,042
  • Nov 1, 2009 2:40pm Nov 1, 2009 2:40pm
Quoting FOURX
Hey paul

how do you choose when to stop and reverse, as you did for your trade 4, and you chose not to when closing trade 5.

If we are taking every opportunity as in your post #10038

"so if I see a small 1,2,3, or reverse FCR coming up, I will take it come what may"

every trade should be closed with a stop and reverse should'nt it? because we are getting a reverse signal.

thanks

Hi Fourx,

As we know it isn`t an always in the market method or style of trading if that what you are getting at.

If its the first break in the move then I won`t take it - so I should qualify my statement. If it were a double bottom though I will be tempted.

If we have had three pushes then this is ideal to take a FCR reversal - but ultimately it is everyone`s individual choice.

Also if it is near the open I will take the reversal as we know they like to push the market the other way.

Will also look on a failure - these must be the best. So we take a break to the upside say on 2nd or 3rd push, then it fails, and breaks the FCR which way are you going to go - buy the upside again , I don`t think so We have exampls of this every day where a break fails and ultimately price ends up going in the opposite direction.

Hope this helps.
Survive and Preserve
  • #10,043
  • Nov 1, 2009 2:43pm Nov 1, 2009 2:43pm
Quoting fxachilies
Hi,
guys i am starting to see posts with pdf attachments "manuals" about emotions & discipline and etc..
I got nothing against it.
I did not read any of them that been offered here in the last afew days but I am sure they offer some sort of "magical" theories.. i have read plenty of these aritcles/books in the past, but i don't anymore for the past year or so..

let me give you my 2cent on this subject..
there is a guy here told me something that really dazzled me.. you might guess who it is... lol
he said.. you can't runaway or hide from...

Hey Fx

I tend to agree - I think everything is worthwhile and good to look at, but do not get hooked on it, remember if you have an edge and we do, just execute your plan to get the egde. If your are scared play small until the confidence starts to grow.
Survive and Preserve
  • #10,044
  • Nov 1, 2009 7:17pm Nov 1, 2009 7:17pm
Quoting fxachilies
with all do respect I'll jump in and answere ur question..

its called magic..

we are a long way from first page.. this thread has evolved.. I suggest you stay current with the thread..
if your expecting Paul to give you some clear cut set on stone rule that when xyz blinks then do zfy and then repeat the same next time, then i must break it to you my friend I highly doubt thats gonna happen..

Best regards,
Thanks fxchilies.
  • #10,045
  • Nov 2, 2009 12:32am Nov 2, 2009 12:32am
Today's 1 and only trade so far. Now in short after this trade

Playing 2g+ as its a FCR2

But this is the 1 trade so far
1/1 +18
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 66 KB
Survive and Preserve
  • #10,046
  • Nov 2, 2009 12:40am Nov 2, 2009 12:40am
Quoting en0x
Today's 1 and only trade so far. Now in short after this trade

Playing 2g+ as its a FCR2

But this is the 1 trade so far
1/1 +18
Nice playing En0x

Ready to go for another week
Survive and Preserve
  • #10,047
  • Nov 2, 2009 1:00am Nov 2, 2009 1:00am
Good morning International Runner Hunters Inc - from the UK.

Let's go g et 'em this week.

Good hunting all!

Softly, softly catchee monkey

too late to get on this short - waiting...
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,048
  • Nov 2, 2009 1:02am Nov 2, 2009 1:02am
I am going to try stick to LDN and NYC (mondays are nice always always nice...)

Quoting PaulLangham
Nice playing En0x

Ready to go for another week
Survive and Preserve
  • #10,049
  • Nov 2, 2009 1:03am Nov 2, 2009 1:03am
Quoting en0x
Today's 1 and only trade so far. Now in short after this trade

Playing 2g+ as its a FCR2

But this is the 1 trade so far
1/1 +18

Nice going ENox
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,050
  • Nov 2, 2009 1:11am Nov 2, 2009 1:11am
This is my short trade, green line = entry, yellow line = exit.

I closed it at +25 as I need to leave the office and head home. So see you guys in 30 - 40 mins. From this week onwards, I do not leave trades unattended.


Quoting en0x
Today's 1 and only trade so far. Now in short after this trade

Playing 2g+ as its a FCR2

But this is the 1 trade so far
1/1 +18
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 71 KB
Survive and Preserve
  • #10,051
  • Nov 2, 2009 1:45am Nov 2, 2009 1:45am
perfect played

Quoting en0x
Today's 1 and only trade so far.
Playing 2g+ as its a FCR2

But this is the 1 trade so far
1/1 +18
  • #10,052
  • Nov 2, 2009 2:14am Nov 2, 2009 2:14am
Have finally finished reading the thread!! lets go hunting.
  • #10,053
  • Nov 2, 2009 2:18am Nov 2, 2009 2:18am
Bad start here - went short at 743 - got out and reversed for a long at 762. -17, and caught up in somone elses' battle here hoping for a break to the North.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,054
  • Nov 2, 2009 2:20am Nov 2, 2009 2:20am
Hi Mac,

Can you post a chart on these two trades? I am confused why you went short at 743 and why you went long at 762, was that just monday morning seeing things?

Might look different on my oanda charts.
Quoting mac1956
Bad start here - went short at 743 - got out and reversed for a long at 762. -17, and caught up in somone elses' battle here hoping for a break to the North.
Survive and Preserve
  • #10,055
  • Edited 2:53am Nov 2, 2009 2:22am | Edited 2:53am
Quoting en0x
Hi Mac,

Can you post a chart on these two trades? I am confused why you went short at 743 and why you went long at 762, was that just monday morning seeing things?

Might look different on my oanda charts.
YEAH #1 baby
Will do when there's a bit of space mate.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,056
  • Nov 2, 2009 2:26am Nov 2, 2009 2:26am
Cheers macdaddy
Quoting mac1956
Will do when there's a bit of space mate.
Survive and Preserve
  • #10,057
  • Nov 2, 2009 3:09am Nov 2, 2009 3:09am
Hello,
a little late start for me here today.. long weekend.. lol

looks like you guys are ready, up and running.. its nice to see that..

another great week is on the way..
how do i know? I don't.. hehehehe
i am just being me.. optimistic.. postitive.. ready for challenges.. ready to fight.. ready to survive.. ready to roll with the punches.. ready for victory.. ready.... ready.... ready...


let do this thing my brothers.....
  • #10,058
  • Nov 2, 2009 3:39am Nov 2, 2009 3:39am
First post here. Thanks to all who have contributed to this thread. It's a great learning experience (even if it took a week to read).

I am starting a serious attempt at using this "System" tonight (I'm in Oz, and working a day job, so this is mostly an evening exercise, though I got a sly one in coming home for lunch today).

I am using Buy/Sell Stops 3pips above HH or LL for entry with a fixed 20pip TP. SL is managed with a simple EA that follows the Bid up and I tweak the number of pips to meet a basic HH or LL to start with. This allows me to place a trade and then walk away with some confidence if I have to.

Need to work out how to insert it as an image (what URL do I enter to insert an image from my PC?).
http://www.forexfactory.com/file:%5C...miitrades1.gif
http://www.forexfactory.com/F:%5CDat...miitrades1.gif
Attached Image (click to enlarge)
Click to Enlarge Name: systemiitrades1.gif Size: 19 KB
  • #10,059
  • Edited 4:27am Nov 2, 2009 4:15am | Edited 4:27am
3 trade this morning for a -6

trade 1 was highly suspect - entry too early and exited too late - actually entered on a valid FCR not an entry point. What I convinced myself was an fcr is jack sh*t.
trade 2 exit early - but the spike to the HH and red candle persuaded me to bail.

Attached Image (click to enlarge)
Click to Enlarge Name: 2-11.gif Size: 40 KB
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,060
  • Nov 2, 2009 4:48am Nov 2, 2009 4:48am
Quoting mac1956
3 trade this morning for a -6

trade 1 was highly suspect - entry too early and exited too late - actually entered on a valid FCR not an entry point. What I convinced myself was an fcr is jack sh*t.
trade 2 exit early - but the spike to the HH and red candle persuaded me to bail.

Attachment
From my point of view, I only see an FCR formed, which is the one at 62. Your entry #1 looked very wishful thinking to me, but just my opinion. I could understand an entry on the 123 at 80s but that was a fakeout. That's all I see as of now for this morning.

I think this market is dead right now unless we do a clear break of 62 or a move up with more strength above 90. Monday, bloody Monday...

Just my humble opinion
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