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

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The System II (Yes with irony)

  • #10,141
  • Nov 3, 2009 2:44am Nov 3, 2009 2:44am
Quoting FOURX
i would treat as 123D (theres been 50 pip run /20 correction), but its the same defense G+
123 s (short)
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it's a huge gap tony, a huge gap.
  • #10,142
  • Nov 3, 2009 2:45am Nov 3, 2009 2:45am
so who stuck out the 12 pip pullback?
  • #10,143
  • Nov 3, 2009 2:46am Nov 3, 2009 2:46am
Quoting FOURX
i would treat as 123D (theres been 50 pip run /20 correction), but its the same defense G+
FOURX dont you think its 123S bro ... as it seems the correction is not deep and I think less than half the initial move?
  • #10,144
  • Edited 3:04am Nov 3, 2009 2:46am | Edited 3:04am
Taken a second short at 49 LOL first one still live - very cautious!
SHit this is doing my head in. First trade SL at 60...
This is bad for my finger nails - I closed the 2nd at +10 - can't hack it. FEAR AND GREED!!!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,145
  • Nov 3, 2009 2:54am Nov 3, 2009 2:54am
Quoting PaulLangham
Hi depends on where you entered, if it is from higher up then play #1

The range or bracket did not really develop price stalled and this is more of a continuation of the move down. Depending on how price reacts now you will have to play #2G or #1

Man I thought I had read the entire thread, but the last few pages have a stack of BB,#1, #2G and I have no idea. Must have missed something.

Back in time I go. I know PB and FCR.
  • #10,146
  • Nov 3, 2009 2:54am Nov 3, 2009 2:54am
guys..
Fourx is correct this is a 123D.. anytime u got a pullback over 12-15 pips it should be treated as a 123D or BB.. the RR is too high with 20pips pullback.. thats the reason i have seperated the two and named them differently so you can play the appropriate defense..

Nice recognition Fourx...

and now for this short play #1 in the play here.. price has pulled away enough and your sl should be right above the fcr at 4757..
let it be..

gevellber,
nice fibo move there.. of course you can see the 50% line by just your naked eye instead of a crutch..
  • #10,147
  • Nov 3, 2009 2:57am Nov 3, 2009 2:57am
Stop moved to 57.
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  • #10,148
  • Nov 3, 2009 3:05am Nov 3, 2009 3:05am
Quoting mac1956
Taken a second short at 49 LOL first one still live - very cautious!
SHit this is doing my head in. First trade SL at 60...
This is bad for my finger nails
Sir.Macdaddy in da house..
50+ krinchhhhhhhhh.. lol.. ur sittin pretty this morning my friend.. looking good.. already took some profit off the table... you got half running still.. did not miss the countinuation 123d signal..
text book stuff.. very nice.. keep it up..
  • #10,149
  • Nov 3, 2009 3:08am Nov 3, 2009 3:08am
Quoting fxachilies
guys..
Fourx...

pity i played a G+ ,and closed on the dart back in?
  • #10,150
  • Nov 3, 2009 3:09am Nov 3, 2009 3:09am
Quoting fxachilies
Sir.Macdaddy in da house..
50+ krinchhhhhhhhh.. lol.. ur sittin pretty this morning my friend.. looking good.. already took some profit off the table... you got half running still.. did not miss the countinuation 123d signal..
text book stuff.. very nice.. keep it up..
Sweating so much I've used all my deodorant and half of my wife's!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,151
  • Nov 3, 2009 3:18am Nov 3, 2009 3:18am
ok i froze the chart right there to talk about something really important..

if you did not bank on the LL and now price is running up close to fcr..
DO NO panic there and exit.. let the price to show the reaction to the fcr line and if ur sl is hit at 60, so be it.. at most u lose is no more than 7pips..
the correct play is to wait for the price to show the DB and exit to preserve pips at where i marked X.. that is a correct #1 play..
you have done three things right there:
1) preseved pips..
2) keept your options open for more gain, perhaps a runner..
3) ??????
who can tell me.. its the important one..

http://cdn.forexfactory.com/images/attach/gif.gif
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  • #10,152
  • Nov 3, 2009 3:22am Nov 3, 2009 3:22am
Quoting FOURX
pity i played a G+ ,and closed on the dart back in?
dont sweat it my friend.. i was watching it and it was look like a dart up.. afew more pips i would have been out too.. you do better the next time..


guys,
i be out for lunch.. be back in 20 min.. i look for your answers..
cya
  • #10,153
  • Nov 3, 2009 3:22am Nov 3, 2009 3:22am
#3. Stick to the plan!!
I follow THE PLAN to Survive & Preserve..
  • #10,154
  • Nov 3, 2009 3:23am Nov 3, 2009 3:23am
moved SL to 4756 risk of just 5 p
gevellber,
nice fibo move there.. of course you can see the 50% line by just your naked eye instead of a crutch.. http://cdn.forexfactory.com/images/s...im/winking.gif
just for demonstration.....
it's a huge gap tony, a huge gap.
  • #10,155
  • Edited 4:01am Nov 3, 2009 3:30am | Edited 4:01am
Quoting fxachilies
ok i froze the chart right there to talk about something really important..

if you did not bank on the LL and now price is running up close to fcr..
DO NO panic there and exit.. let the price to show the reaction to the fcr line and if ur sl is hit at 60, so be it.. at most u lose is no more than 7pips..
the correct play is to wait for the price to show the DB and exit to preserve pips at where i marked X.. that is a correct #1 play..
you have done three things right there:
1) preseved pips..
2) keept your options open for more gain, perhaps...
MAde yourself available for a reversal. This is a record trade for me. Sl at 739. (9.52 am - SL to 726) - I may have to leave this trade to someone in my WILL! (9.58 - SL to 716)
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,156
  • Edited 4:04am Nov 3, 2009 3:44am | Edited 4:04am
Quoting DesertFX
Stop moved to 57.
Took profit.

The test now is how to handle fake outs ... still new to this strategy.

Thanks FX for the help bro.
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  • #10,157
  • Nov 3, 2009 3:47am Nov 3, 2009 3:47am
Quoting fxachilies
ok i froze the chart right there to talk about something really important..

if you did not bank on the LL and now price is running up close to fcr..
DO NO panic there and exit.....
3 = if....then
  • #10,158
  • Nov 3, 2009 3:49am Nov 3, 2009 3:49am
Quoting gevellber02
moved SL to 4756 risk of just 5 p
gevellber,
nice fibo move there.. of course you can see the 50% line by just your naked eye instead of a crutch.. http://cdn.forexfactory.com/images/s...im/winking.gif
just for demonstration.....
demonstrating what exactly?

demonstrating 50% retrace? or 38% or 61% or 23% or any of this crap..

if your demonstrating it that means very well that u use it..

all this time here G and u have missed the whole threads purpose.. and that is to train you naked eye to see the market in purity..
  • #10,159
  • Nov 3, 2009 3:51am Nov 3, 2009 3:51am
Off topic comment here .. just in case anyone is interested in the macro economics side of things .. this week is very heavy in terms of data e.g. FOMC tomorrow and US non farm payrolls friday.

USD is rallying on the back of risk aversion with the equity market selling off. This week could be volatile and if equities continue to sell off, we could see some very interesting moves in currencies.
  • #10,160
  • Nov 3, 2009 3:58am Nov 3, 2009 3:58am
Quoting kishou
#3. Stick to the plan!!
well done my friend with you quick correct answer.. nice job..

here u have it guys from a fairly new guy.. dedicated, hardworking and with wining attitude.. I see a star in the making..

ok now guys,
as u see how this demonstration has paid off for you.. I froze the chart reall time for you to let you know thats how i exactly think and do and thats what u should do..
result you got a runner in your hands now.. total control of the market now.. you can take profit now as u wish now or u can still be like fxa and keep playing #1 up his throat for maximum profit..
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