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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)

  • #10,321
  • Nov 5, 2009 10:03am Nov 5, 2009 10:03am
Quoting forexpiet
Hi,

Where do you get information like described?
I use http://fidweek.econoday.com/byweek.asp?cust=mam and sometimes
http://www.forexfactory.com/calendar...=2009-11-5&c=2. On both I do not see information on Trichet speeking.

Thanks.
Hi forexpiet
I use FF calendar...
ECB press conference means Trichet spech....
  • #10,322
  • Nov 5, 2009 10:28am Nov 5, 2009 10:28am
another example of deviating from the plan by the man himself.. lol

belive it or not i do it myself to sometimes.. and u see the result.. now i am left with alot of wish.. hope.. pray.. bunch of other crap feelings..

lol..



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  • #10,323
  • Nov 5, 2009 10:49am Nov 5, 2009 10:49am
short from 70 -

at last some movement - expectancy - c'mon get down there - I have a wife and 33 kids to support...and a rabbit....
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,324
  • Nov 5, 2009 10:54am Nov 5, 2009 10:54am
hay all!
i have a question, is this a legitimate trad in your opinion?
i ask because of the lower DB
thx
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it's a huge gap tony, a huge gap.
  • #10,325
  • Edited 11:36am Nov 5, 2009 10:58am | Edited 11:36am
Quoting gevellber02
hay all!
i have a question, is this a legitimate trad in your opinion?
i ask because of the lower DB
thx

123s and this bracket has to breaksometime - it it's short I'm laughing if it isn' then I'll play #1. Worth a test....so yes...IMHO...even double bottoms have to break wind sooner or later....50 is a hurdle - through that the next one looks like 33 - lovely semi fakeout here - Sl at 64. +6
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,326
  • Nov 5, 2009 11:01am Nov 5, 2009 11:01am
Quoting gevellber02
hay all!
i have a question, is this a legitimate trad in your opinion?
i ask because of the lower DB
thx
it is a set up I took. And I know it was risky because the set up was within the larger swing.
I make money anywhere in the world by taking orders
  • #10,327
  • Nov 5, 2009 11:13am Nov 5, 2009 11:13am
Quoting SedonaPipper
it is a set up I took. And I know it was risky because the set up was within the larger swing.
ye, beside the DB it was kind of rangey there
bat good for you that you took it. look's like nice one
it's a huge gap tony, a huge gap.
  • #10,328
  • Nov 5, 2009 4:23pm Nov 5, 2009 4:23pm
Quoting SedonaPipper
Time for me to make a confession. I cheat on the plan - I fudge a couple of pips here and there on my entries and I get busted everytime I do it and yet I still do it. I am now doing my AA recovery admission. I cheat on the plan and I am really pissed at myself for consistently doing it.

One of my cheats is when PA closes back inside the level line on any trade the has a reentry as part of plan, I use the old high or low instead of the newly formed high or low. Doesn't seem like much and yet it costs me plenty, both in money and in mental capital....
It`s not easy to do - and it is a honest man who does it. You should be congratulated for telling people where u find it difficult.

I can tell u that despite people on this thread thinking I am Mr Paulie "hold that trade till the bitter end", it is far from an easy task for me to do so, and before now of course I have cut too early due the little voices in the head and other grmlins. Over the years I have done all sorts of things to sabotage my chances

BUt what I have done to help is drop my leverage and to almost wish the market will take my money - sort of not care if the thing runs or it doesn`t. Of course the more you want it to do something the more you will secong guess and the more lilely it will all go wrong. Therefore if I am less panicky, I will second guess less.

Someone once told me how come the best Forex trades u ever make are the ones like where you go to the US on holiday then two years later find this 100 dollar bill stuffed down the inside pocket of your old jeans. It is a trade ight, you never swithed your money back. You never knew or remembered you had the "trade" on, and cos u didn`t you, you didn`t check the price every five seconds, like u do with your stocks etc, second guess everything, panic, close too early, and therefore you could`nt care less if it went right.

NOW DON`T GET ME WROMG, I am not saying don`t care about your trades, YOU MUST, but rather use the odds which are on our side, let the market smack you around , and when that price starts to run hold onto him for grim death - milk him dry, the all the fakeouts etc will be forgotten and taken care of.

Hope that makes sense and helps.
Survive and Preserve
  • #10,329
  • Nov 5, 2009 4:36pm Nov 5, 2009 4:36pm
thank you Paul for the words of comfort and also assisting me in how to go forward more effectively. I appreciate it very much.
I make money anywhere in the world by taking orders
  • #10,330
  • Nov 5, 2009 4:51pm Nov 5, 2009 4:51pm
Quoting PaulLangham
It`s not easy to do - and it is a honest man who does it. You should be congratulated for telling people where u find it difficult.

I can tell u that despite people on this thread thinking I am Mr Paulie "hold that trade till the bitter end", it is far from an easy task for me to do so, and before now of course I have cut too early due the little voices in the head and other grmlins. Over the years I have done all sorts of things to sabotage my chances

BUt what I have done to help is drop my leverage and to almost wish the market will take...

You are 100% pure asset to this thread Paul Langham.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,331
  • Nov 5, 2009 5:02pm Nov 5, 2009 5:02pm
OK here are todays trades.

Had a bit of an interrupted PM session

If I had of held during the the range early on I would have avoided the -10 and been in a better position for the upside break. Shoulda, woulda, coulda, etc
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Survive and Preserve
  • #10,332
  • Nov 5, 2009 5:13pm Nov 5, 2009 5:13pm
hi deras. i am a new trader in forex and i am just 16 yeras old and i,m a kid here so help me. i attached a picture that is a system but i don,t have that indicator if u have that please share it i need it much. thank you. Best Regards.
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  • #10,333
  • Nov 5, 2009 5:45pm Nov 5, 2009 5:45pm
Paul,
Good job as usual. I have a question on your entries. They seem to vary from 2-5 pips beyond the fcr or BB etc. Do you try to enter at that line +3 and +spread??? My spread with FXDD is 2 on eu so I have been entering at the line plus 5, (spread +3)
Regards,
Tony


Quoting PaulLangham
OK here are todays trades.

Had a bit of an interrupted PM session

If I had of held during the the range early on I would have avoided the -10 and been in a better position for the upside break. Shoulda, woulda, coulda, etc
  • #10,334
  • Nov 5, 2009 10:18pm Nov 5, 2009 10:18pm
Hi,

Its good you are 16, means you can read. Please read the thread from the beginning. You have a few years to spare reading so get started and read the whole thread before you start posting questions.

Its very good read and worth your month of reading.


Quoting behrouzforex
hi deras. i am a new trader in forex and i am just 16 yeras old and i,m a kid here so help me. i attached a picture that is a system but i don,t have that indicator if u have that please share it i need it much. thank you. Best Regards.
Survive and Preserve
  • #10,335
  • Nov 5, 2009 10:27pm Nov 5, 2009 10:27pm
Quoting behrouzforex
hi deras. i am a new trader in forex and i am just 16 yeras old and i,m a kid here so help me. i attached a picture that is a system but i don,t have that indicator if u have that please share it i need it much. thank you. Best Regards.
This is 5 minutes EURUSD thread. The only indicator is price and two horizontal lines. Start from the beginning of the thread.
It's good that you are only 16. You don't have to unlearn tons of garbage
  • #10,336
  • Nov 5, 2009 11:57pm Nov 5, 2009 11:57pm
Quoting tghfbt8
This is 5 minutes EURUSD thread. The only indicator is price and two horizontal lines. Start from the beginning of the thread.
It's good that you are only 16. You don't have to unlearn tons of garbage

Exactly! its pretty simple to follow this system, i read through the first thread thanks FEB and everyone else.. Feb are you still around? and now im reading through the current thread.

Trade like a machine, not having emotion is the hardest part of any trading system.
  • #10,337
  • Nov 6, 2009 12:37am Nov 6, 2009 12:37am
Quoting tptrading
Paul,
Good job as usual. I have a question on your entries. They seem to vary from 2-5 pips beyond the fcr or BB etc. Do you try to enter at that line +3 and +spread??? My spread with FXDD is 2 on eu so I have been entering at the line plus 5, (spread +3)
Regards,
Tony
Hi TP,

Yea, when inside a bracket for example I add one or two sometimes as I don`t want to get caught by the fakeouts, it depends on how I see the price action of the bar leading to the actual break. I it is strong then I will leave as normal, if not I will extend slightly.
Survive and Preserve
  • #10,338
  • Nov 6, 2009 12:38am Nov 6, 2009 12:38am
ready to go guys lets get some pips today

currently waiting long above 85 and short below 64
Survive and Preserve
  • #10,339
  • Nov 6, 2009 12:39am Nov 6, 2009 12:39am
Brothers ...
Today is my Birthday
david4u
  • #10,340
  • Nov 6, 2009 12:49am Nov 6, 2009 12:49am
Quoting david4u
Brothers ...
Today is my Birthday
david4u

Happy birthday mate
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