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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)

  • #10,401
  • Nov 6, 2009 7:07am Nov 6, 2009 7:07am
YAAAA BABY
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,402
  • Nov 6, 2009 7:11am Nov 6, 2009 7:11am
feb,
the break of the stupid round # looks weak.. how do u assess?
  • #10,403
  • Nov 6, 2009 7:18am Nov 6, 2009 7:18am
Quoting fxachilies
feb,
the break of the stupid round # looks weak.. how do u assess?
a lack of push....
Peace
  • #10,404
  • Nov 6, 2009 7:20am Nov 6, 2009 7:20am
Quoting feb2865
a lack of push....

Some people are bailing out their shorts...that's for sure....Gold is bearish that's another hold up...
Peace
  • #10,405
  • Nov 6, 2009 7:23am Nov 6, 2009 7:23am
Quoting fxachilies
i am in long from 4847... lets see what happens...
Hi Fx,

I'm long from 4882 (123 setup). Why are you long from 4847? What was your rationale to open your long position at that price?

I just want to learn because I don't see any setup at that price.
  • #10,406
  • Nov 6, 2009 7:29am Nov 6, 2009 7:29am
Closed 1/2 at +50 then the other just got stopped at +35

Enjoy the rest of the night all. I am done now, going to get some sleep. You guys have a tonne of day still left.

Survive and Preserve
  • #10,407
  • Nov 6, 2009 7:30am Nov 6, 2009 7:30am
out for +30... party got ruined.. but can't complain..
  • #10,408
  • Nov 6, 2009 7:33am Nov 6, 2009 7:33am
Stopped out at 79....
no problem, well played above all
  • #10,409
  • Nov 6, 2009 7:37am Nov 6, 2009 7:37am
+16 - that was a gas! Thanks FEB -
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,410
  • Nov 6, 2009 7:41am Nov 6, 2009 7:41am
Quoting Trader222
Hi Fx,

I'm long from 4882 (123 setup). Why are you long from 4847? What was your rationale to open your long position at that price?

I just want to learn because I don't see any setup at that price.
taking the pull on the opposit way after first half hr of the move..
specially on NFP..
this is febs way and he has talked about it manytimes in here..
in todays case there was major rejection of the intial move of the releas around 4810-20ish area recomended by my dear friend feb to everybody to test for long..
thats all i need to hear to jump all over it..
  • #10,411
  • Nov 6, 2009 7:43am Nov 6, 2009 7:43am
Good night all. Have a great weekend.


Thank you again Feb and FX for just being fantastic people. The godfathers of the family


Same goes to the rest of the family have a wonderful weekend.

Quoting mac1956
+16 - that was a gas! Thanks FEB -
Survive and Preserve
  • #10,412
  • Nov 6, 2009 7:47am Nov 6, 2009 7:47am
keep an eye on 1.4851 some longs piling up...just in case your MM permits for a quick scalp....
Peace
  • #10,413
  • Nov 6, 2009 7:50am Nov 6, 2009 7:50am
Quoting en0x
Good night all. Have a great weekend.


Thank you again Feb and FX for just being fantastic people. The godfathers of the family


Same goes to the rest of the family have a wonderful weekend.
Take care brother....
Peace
  • #10,414
  • Nov 6, 2009 7:51am Nov 6, 2009 7:51am
I Feb,

Question, do you use an ECN broker to see this? How do you see orders ? I don't get it. I thought the only way was to use an ECN broker.

Just curious


Quoting feb2865
keep an eye on 1.4851 some longs piling up...just in case your MM permits for a quick scalp....
Survive and Preserve
  • #10,415
  • Nov 6, 2009 7:54am Nov 6, 2009 7:54am
Quoting en0x
I Feb,

Question, do you use an ECN broker to see this? How do you see orders ? I don't get it. I thought the only way was to use an ECN broker.

Just curious
I trade currency futures......sometimes the spot (Oanda) The currency futures shows the DOM (Deep of Market) or a ladder. You can see the orders piling up there. Nee to pay attention at the recent ones......I barely use charts....
Peace
  • #10,416
  • Nov 6, 2009 7:57am Nov 6, 2009 7:57am
Quoting feb2865
I trade currency futures......sometimes the spot (Oanda) The currency futures shows the DOM (Deep of Market) or a ladder. You can see the orders piling up there. Nee to pay attention at the recent ones......I barely use charts....
Currency futures moves around 1 billion dollars a day - that's good enough for me to read the market's intentions...no you don't need to see the whole spectrum of the volume but normally the big sharks trade both - the spot and futures....Lately, I've seen the futures moving the spot constantly.

Besides I swim with them ....not against them
Peace
  • #10,417
  • Nov 6, 2009 8:02am Nov 6, 2009 8:02am
Quoting feb2865
Currency futures moves around 1 billion dollars a day - that's good enough for me to read the market's intentions...no you don't need to see the whole spectrum of the volume but normally the big sharks trade both - the spot and futures....Lately, I've seen the futures moving the spot constantly.

Besides I swim with them ....not against them
I am thinking about trading the spot using futures as my leading "indicator" I used to trade QQQQ using NQ (mini Nasdaq) as my leading indicator....it was like having your own private ATM machine in your house...everything was nice until Uncle Sammy busted me with 50 large ones.....Then I sent the whole stock market to hell...
Peace
  • #10,418
  • Nov 6, 2009 8:15am Nov 6, 2009 8:15am
Quoting feb2865
I am thinking about trading the spot using futures as my leading "indicator" I used to trade QQQQ using NQ (mini Nasdaq) as my leading indicator....it was like having your own private ATM machine in your house...everything was nice until Uncle Sammy busted me with 50 large ones.....Then I sent the whole stock market to hell...
I know this is beyond the scope of this thread...if you want to really see how I do it, let me know and FX or someone could put a classroom together. I just prefer to take this out of this thread so people, especially newbies, won't get all mixed up. So if you guys are interested, please let me know and we take it from there....
Peace
  • #10,419
  • Nov 6, 2009 8:28am Nov 6, 2009 8:28am
use oanda to see order stats

http://fxtrade.oanda.com/tools/stati..._summary.shtml
  • #10,420
  • Nov 6, 2009 8:33am Nov 6, 2009 8:33am
Quoting feb2865
I know this is beyond the scope of this thread...if you want to really see how I do it, let me know and FX or someone could put a classroom together. I just prefer to take this out of this thread so people, especially newbies, won't get all mixed up. So if you guys are interested, please let me know and we take it from there....
me too.
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