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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)

  • #10,061
  • Nov 2, 2009 5:02am Nov 2, 2009 5:02am
Hello All,

I have been following this from behind the scenes ... will try and participate regularly. And finally see if I can do this.

Take Care
  • #10,062
  • Nov 2, 2009 5:04am Nov 2, 2009 5:04am
Just went short ....
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  • #10,063
  • Edited 5:15am Nov 2, 2009 5:04am | Edited 5:15am
Quoting elizo
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

Wishful thinking is an understatement. Total hallucinogenic fantasy in retrospect. Lol
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,064
  • Nov 2, 2009 5:08am Nov 2, 2009 5:08am
Quoting DesertFX
Just went short ....

Going to play #2 now
  • #10,065
  • Nov 2, 2009 5:15am Nov 2, 2009 5:15am
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
Hi Mac,
i just looked at your three trades.. I had to look for a good 5min to figureout what u did out there..
anyhow.. I don't think you see the entery setups correctly, specially the fcr's..
trade 1: thats is not a fcr.. there is no reversal there.. the only entery that u would have there for short it would've been on the break of LL as a 123D setup..
same story goes for trade 3..
do this my friend.. everytime that u think you see a fcr ask yourself this.. is it a reversal or not?.. ok..

now.. the reason you will fall into trades such as your trade 3 is bcz you did not play trade 2 correctly and u start to hallucinting setups.. on trade 2 you exited for +11 .. but what part of that is playing #1? what part of that is the plan that we should follow. that is plain out playing a quick profit taking and playing the even game..

THIS FOLLOW THE PLAN THING THAT I PREACH ALL THE TIME, DOES NOT WORK IF WE DON'T DO THE BASIC GROUND WORK CORRECTLY..
setup recognitions lays out everthing for you in the plan.. it tells you why your in based on what.. whats your risk.. what you should play if things go wrong and what you shold play when things go right..

now for learning purposes watch my chart.. we got so far no more than two possible trade enteries and both times we got dealt with SF and #1 ply should have been applied and should have walked away with around +15 pips on each..


ps) now for those of you who do the same mistakes.. print this and post and read it and read it and read it and then practise it practise it and practise it some more..
and at the end thank Sir.Macdaddy for his courage and his honest displays.. it will only make him better and all of us.. including myself..

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  • #10,066
  • Nov 2, 2009 5:15am Nov 2, 2009 5:15am
Quoting DesertFX
Going to play #2 now
Just closed at -5pips
  • #10,067
  • Nov 2, 2009 5:25am Nov 2, 2009 5:25am
Quoting DesertFX
Just went short ....
nice to see u participating.. one step closer to success..

your entery is incorrect and ur exit option aswell..
you made a entery inside the bracket.. watch my chart on my last post to see the bracket lines..

DFX.. read my posts from the weekend before last (oct 24th-25th)..

see my friend good things will happen when we stay humble to learning and getting active with rest of your family in here..

keep up the good work..
  • #10,068
  • Nov 2, 2009 5:35am Nov 2, 2009 5:35am
Quoting fxachilies
nice to see u participating.. one step closer to success..

your entery is incorrect and ur exit option aswell..
you made a entery inside the bracket.. watch my chart on my last post to see the bracket lines..

DFX.. read my posts from the weekend before last (oct 24th-25th)..

see my friend good things will happen when we stay humble to learning and getting active with rest of your family in here..

keep up the good work..
Cheers FX
  • #10,069
  • Nov 2, 2009 5:37am Nov 2, 2009 5:37am
Evening all, lets trade.

Hi FX, hope you had a good weeked.
Survive and Preserve
  • #10,070
  • Nov 2, 2009 5:42am Nov 2, 2009 5:42am
ok long based on BB.. lets see what happens..
watch the chart explanation.. (i will not close the trade based on G+ untill price returns back inside the level line.. if it got major speed i close it righaway.. otherwise i give it time to close the 5minute timefram..

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  • #10,071
  • Nov 2, 2009 5:49am Nov 2, 2009 5:49am
Quoting fxachilies
ok long based on BB.. lets see what happens..
watch the chart explanation.. (i will not close the trade based on G+ untill price returns back inside the level line.. if it got major speed i close it righaway.. otherwise i give it time to close the 5minute timefram..

http://cdn.forexfactory.com/images/attach/gif.gif
Hi Fx

Can you please clarify what you mean by level line. Is that the entry line (green) or the BB line (red).

I just closed my long at -10 G+ exit
"Save your ass, then go for profit"
  • #10,072
  • Nov 2, 2009 5:52am Nov 2, 2009 5:52am
Quoting Paul M
Hi Fx

Can you please clarify what you mean by level line. Is that the entry line (green) or the BB line (red).

I just closed my long at -10 G+ exit
the red line..
  • #10,073
  • Nov 2, 2009 5:54am Nov 2, 2009 5:54am
Quoting fxachilies
the red line..
Great, Thanks
"Save your ass, then go for profit"
  • #10,074
  • Nov 2, 2009 6:23am Nov 2, 2009 6:23am
Why did NYC have to turn back their clocks?
Survive and Preserve
  • #10,075
  • Nov 2, 2009 6:39am Nov 2, 2009 6:39am
Quoting en0x
Why did NYC have to turn back their clocks?

Why or When ?

When= last Saturday

Why = Who knows
  • #10,076
  • Nov 2, 2009 6:45am Nov 2, 2009 6:45am
Quoting DesertFX
I have read them thank you ... and to my understanding its goes as follows:

123 D play #2g+ .... i.e if fakeout get out straight away no waitng (-5/10 pips)
123S play #1

FCR1 play #2

FCR2 play #2g+

BB play #2g+


I have attached some charts from what you wrote before.

Correct me if I am wrong ...

Semi Fakeouts:

Playing #1 basically means price moves in your direction it corrects, but after a decent run like 15 - 20 pips you give it room in order to capture as much of the move as you can.


Fakeouts:

Playing #2 basically means...
where does it say 123s & fcr1 you play #2G+..

please read carefully.. absorb.. and just put it to work.. no need to redisplay this with wrong interpertation.. it confused others..
please delet your last post.. thx
  • #10,077
  • Nov 2, 2009 6:55am Nov 2, 2009 6:55am
i exited for -10.. applied the appropriate defensive play #2G+..

now at the time of where i freezed chart.. some of our fibonacci guys would say.. well its better to wait.. this is bearly a 50% retrace..
ok..... ummmmmmm
i say to them.. i am out to win my first battle, which is at the level line and it comes with every entery.. I am not out to let some fibonacci level line to tell me how to manage my trade...
of course we all know that after 50% there is 61% then 89% then your in the hole.. NO THANKS..

i take my chance.. if i lose the battle of level line then i use #2G+ (or the appropriate exit ply prerecognized by my entery setup) and bail for small loss then i look for reentery incase if market decieved me or i look the other way.. If and Then..





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  • #10,078
  • Nov 2, 2009 7:01am Nov 2, 2009 7:01am
My main battle with 2g+ is know what to do afterwards. I am left in limbo.

Okay, that trade I was undiscplined and didnt take the #2g+ and what happened? well no chance for a number 2 either but closed for -20..


Must take more #2g+, but looking at your charts starting to get the idea on how to play #2g+ with giving it some room instead of just closing out as soon as price hits the line or breaks the line (barely). Will practice that.



Quoting fxachilies
i exited for -10.. applied the appropriate defensive play #2G+..

now at the time of where i freezed chart.. some of our fibonacci guys would say.. well its better to wait.. this is bearly a 50% retrace..
ok..... ummmmmmm
i say to them.. i am out to win my first battle, which is at the level line and it comes with every entery.. I am not out to let some fibonacci level line to tell me how to manage my trade......
Survive and Preserve
  • #10,079
  • Nov 2, 2009 7:04am Nov 2, 2009 7:04am
My chart from that trade..

Quoting en0x
My main battle with 2g+ is know what to do afterwards. I am left in limbo.

Okay, that trade I was undiscplined and didnt take the #2g+ and what happened? well no chance for a number 2 either but closed for -20..


Must take more #2g+, but looking at your charts starting to get the idea on how to play #2g+ with giving it some room instead of just closing out as soon as price hits the line or breaks the line (barely). Will practice that.
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Survive and Preserve
  • #10,080
  • Nov 2, 2009 7:26am Nov 2, 2009 7:26am
Hi guys, good afternoon from Spain...

What an ugly day to trade untill now, during London session.......

Oh, it's monday .... always a biatch.... lol

This is my current chart....
Waiting for the break of the bracked to the downside, for a long, I personally have no clear where to set my order, so I didn't set it....
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