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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)

  • #10,101
  • Nov 2, 2009 7:28am Nov 2, 2009 7:28am
Quoting mac1956
-----KERCHING
lol.. whats that mean Macdaddy?
i am learning new words from u everyday.. I liked you work from earlier today " hallucinogenic".. I like that i am going to use that one.. lol
  • #10,102
  • Nov 2, 2009 7:51am Nov 2, 2009 7:51am
Quoting fxachilies
lol.. whats that mean Macdaddy?
i am learning new words from u everyday.. I liked you work from earlier today " hallucinogenic".. I like that i am going to use that one.. lol
It's the sound a cash register used to make!!!!! Yeah baby!!!!!!!!!!
Don't ya just love CASH????? KEEERRRRRCHHHHING! I can't help it, but I exited +60.

Halucinogenic NOT THIS TIME BLOOD. So, your back to basics talk to me earlier helped me
steady my ship a little. I know I should still be in and waiting for this fakeout to shape up....
but +60 will do considering the start I had today.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,103
  • Edited 11:28am Nov 2, 2009 7:59am | Edited 11:28am
Quoting mac1956
It's the sound a cash register used to make!!!!! Yeah baby!!!!!!!!!!
Don't ya just love CASH????? KEEERRRRRCHHHHING! I can't help it, but I exited +60.

Halucinogenic NOT THIS TIME BLOOD.

atta babyyyyyyyyyy... Macdadddy is back in da house.. bling bling... lol
we call that chichingggggggggg.. over here in u.s.. lol

lets boycott that other word Mac..
  • #10,104
  • Nov 2, 2009 8:00am Nov 2, 2009 8:00am
Quoting SedonaPipper
I pulled what I call "A FXachilies Heal."...
i agree S'
  • #10,105
  • Nov 2, 2009 10:08am Nov 2, 2009 10:08am
Hey guys, had a nice day today. +70 pips. thankyou fx for teaching this method and being so patient with us all. off to grow some new eye balls now ready for the hunt tomo. will try and work out how to put oanda charts up with lines on later. thankyou and goodnight from the uk.
  • #10,106
  • Nov 2, 2009 11:09am Nov 2, 2009 11:09am
Hi All,

Sorry I wasn`t about online posting during the day.

I tried to stand back with my trades today and not start snatching at every FCR which may or may not be a reversal, but shotting for the well formed larger entries and exits.

You can see the trades here - first meant I was in it for 3 and half hours.

Last trade still holding - thats one thing I can do now hold.
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Survive and Preserve
  • #10,107
  • Nov 2, 2009 11:26am Nov 2, 2009 11:26am
Quoting SedonaPipper
I pulled what I call "A FXachilies Heal." This is what I call a mistake that I make more frequently than I like to admit. Here was mine today - I put in my FCR 1 order at the right level and then remembered the news was coming out and pulled the order. Not enough confidence to trade in front of the news. And of course the market goes great guns and I sit on the sideline hearing FX in my mind asking - are you still in or some other sage advice. Interesting, I have never heard his voice and yet I have a voice in my head that I have assigned to him....
Sp,
I can apperciate your honesty very much.. you brought up a very good point..
this is exactly why i want to be a voice in your head..
bcz I (fxachilies) have watched this type of opportunites fly right by me my eyes so manytimes that its countless... so i know how u guys feel and i know what stage each and everyone of u are... thats why i repeat myself again and again and again.. thats what i did to myself..
it will sink sooner or later if u stick with it..

now SP my friend, yesterday is history.. last runner is history.. no regrets.. learn from it and move on.. be glad that u are part of something that its working.. all u need to do is to catch the next ones and the ones after... but know this that u will miss more and it should not dicorage you to excel ur persistent..

Good luck..
  • #10,108
  • Nov 2, 2009 11:34am Nov 2, 2009 11:34am
Quoting iak
Hey guys, had a nice day today. +70 pips. thankyou fx for teaching this method and being so patient with us all. off to grow some new eye balls now ready for the hunt tomo. will try and work out how to put oanda charts up with lines on later. thankyou and goodnight from the uk.
nice job iak..
I know u been working hard on this and i see that it is starting to payoff for u slowly but surley..
well done.. keep up the good work..

PS) this is for the newbies that don't like to do the dirty work behind the seen... iak is a living prof.. +70 BAMMMMMMM.. dedication is all sorts aspects..
  • #10,109
  • Nov 2, 2009 12:00pm Nov 2, 2009 12:00pm
ok my trades for the day..
i did not take the first two trades bcz i was not around then.. started the day with a fakeout and a BE for -10 then finished for +102..
it was prefect NY session.. cant ask for any better..
GO YANKEES......

now watch my chart as to where i draw my lines.. how i break down each trade and go to work when i am triggered..

A) i know my setup.. B) once triggered, i go to work to my first battle which is at the level line.. C) I recognize the position i am dealt with.. D) I prepared for my defensive play if its a fakeout, and if its a semi fakeout i play #1 by dealing with each hurdel and play although way up to the throat..
http://cdn.forexfactory.com/images/attach/gif.gif
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  • #10,110
  • Edited 1:22pm Nov 2, 2009 1:09pm | Edited 1:22pm
I need to try figure out how I can trade NYC, straight after I went to sleep (actually I just got triggered but was falling asleep at my PC so put a TP on) it went for that massive runner. I just need to figure out how to push myself that one extra hour.

I am going to try have a 20min - 30 min cat nap during London to make that extra hour in NYC.


Anyways,my trades for the day.
total was +35 for the day. Which was appalling since I was +40 up before London then missed the +60 runner because someone in the universe decided we humans need waste of time sleep..







Quoting fxachilies
that's it Chris, right there its whats your problem.. (sorry for puting out so bluntly)
you better get used to the agonie buddy if your looking to trade this market.. bcz..
this beast got a special talent to annoy the hell out of you for pretty much the most of the times..

reality check bro.. sit back and think everything through.. and then have a set scheduel for trading and whole new set of frame of mind..

sleep well my friend..
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Survive and Preserve
  • #10,111
  • Nov 2, 2009 1:35pm Nov 2, 2009 1:35pm
Quoting en0x
I need to try figure out how I can trade NYC
First look at big red events like rate change, etc... in US.
They don't happens every night.
  • #10,112
  • Nov 2, 2009 1:40pm Nov 2, 2009 1:40pm
Its not that, NYC moves between 8am and 10am NYC time, that is (now because NYC has turned back the clocks.....) means 12am - 2am at least here in Sydney. I work a day job. News is normally around that time which gets the market moving but I need to figure out how to be awake to trade it.


Quoting tghfbt8
First look at big red events like rate change, etc... in US.
They don't happens every night.
Survive and Preserve
  • #10,113
  • Nov 2, 2009 1:49pm Nov 2, 2009 1:49pm
I don't get a chance to post much as I work (and try to trade during my work day) 6:00 AM - 4:30 PM PST. But I do read every post and am very thankful to FX and all others for their contributions.
Trade summary:
#1 I think I played this one by the book
#2 I should have used the #1 exit by the book and picked up another 20 pips.
#3 Should have given the pullback @ 4775 a little more room and got out @ 4745 per exit #1

But all in all happy with +71 for the day.
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  • #10,114
  • Nov 2, 2009 5:05pm Nov 2, 2009 5:05pm
Quoting en0x
I need to try figure out how I can trade NYC, straight after I went to sleep (actually I just got triggered but was falling asleep at my PC so put a TP on) it went for that massive runner. I just need to figure out how to push myself that one extra hour.

I am going to try have a 20min - 30 min cat nap during London to make that extra hour in NYC.


Anyways,my trades for the day.
total was +35 for the day. Which was appalling since I was +40 up before London then missed the +60 runner because someone in the universe decided we humans need waste...
Hi Chris
I think you had good day without that long entry and lost 22pips.Why did you go long at spot?why so late exit?Don't be too much upset about missing that nice runner.You will get next time.I think you done well only that big mistake was really bad thing in you trading day.
thanks for posting charts it is good material for learn .
I wish to you catch nice wave and surf to the end.You are aussie so u must good mate!!!
  • #10,115
  • Nov 2, 2009 6:14pm Nov 2, 2009 6:14pm
That loser was a bad one. FX put me straight, he said rather have been out on the #2g+ wondering where to get in then be in a losing trade like that..

That makes sense, I was undisciplined to play #2g+ on it.

Today is another day RBA announcement soon. EUR has moved quite a bit already today.

Damn its warm in Sydney today.

Quoting Fxfighter
Hi Chris
I think you had good day without that long entry and lost 22pips.Why did you go long at spot?why so late exit?Don't be too much upset about missing that nice runner.You will get next time.I think you done well only that big mistake was really bad thing in you trading day.
thanks for posting charts it is good material for learn .
I wish to you catch nice wave and surf to the end.You are aussie so u must good mate!!!
Survive and Preserve
  • #10,116
  • Nov 2, 2009 7:33pm Nov 2, 2009 7:33pm
can i ask about this system entry rule i can't found it?
  • #10,117
  • Nov 2, 2009 7:49pm Nov 2, 2009 7:49pm
How many pages of this thread have you read?

Quoting weisiong00
can i ask about this system entry rule i can't found it?
Survive and Preserve
  • #10,118
  • Nov 2, 2009 7:53pm Nov 2, 2009 7:53pm
What an ugly event AUD cash rate.
  • #10,119
  • Nov 2, 2009 10:22pm Nov 2, 2009 10:22pm
Hi All

Ready to go.

Looking for opportunities
Survive and Preserve
  • #10,120
  • Nov 2, 2009 10:23pm Nov 2, 2009 10:23pm
Quoting tptrading
I don't get a chance to post much as I work (and try to trade during my work day) 6:00 AM - 4:30 PM PST. But I do read every post and am very thankful to FX and all others for their contributions.
Trade summary:
#1 I think I played this one by the book
#2 I should have used the #1 exit by the book and picked up another 20 pips.
#3 Should have given the pullback @ 4775 a little more room and got out @ 4745 per exit #1

But all in all happy with +71 for the day.
Attachment
Hey Tptrading

Nice work.

Looks like you are on your way - well done
Survive and Preserve
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