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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)

  • #10,481
  • Nov 9, 2009 4:19am Nov 9, 2009 4:19am
THis is right, I am trading AUD during the day(asia) session as I just cannot trade NYC anymore. It was burning me out. Its not an excuse but its near impossible to close your charts to have 6 hours sleep because well, it takes you at least 30-45 mins to go to sleep after trading. your head goes over each and every trade. This lack of sleep was killing my trading making me do rash decisions more to GET in the trade before I went to sleep. but AUD for me moves fine in Asia, same rules apply exccept I do get less hits

Friday night I can trade EUR sleep in Saturday
Survive and Preserve
  • #10,482
  • Nov 9, 2009 4:22am Nov 9, 2009 4:22am
Quoting DesertFX
Long at 1.4984 ... playing #2g
Moved stop to 1.4990 (just below fcr)
  • #10,483
  • Nov 9, 2009 4:25am Nov 9, 2009 4:25am
Here I am , I traded AUD but closed out for +22 and another trade for +3/5 cant remember and another for breakeven. Same rules apply. Having a massive problem with internet at home but I want to start an AUD thread if any aussie traders are keen to follow. Hopefully internet will be back up to speed on Thursday , right now its taking me 5 mins to load each page. My wife downloaded too many tv shows and reduced our bandwidth until 12/11

I should factor that in in my diaster recovery plan, get separate internet to wife

Quoting PaulLangham
What happend to all the Aussie guys ? We had a very nice move up overnight which must have been great for them to play.
Survive and Preserve
  • #10,484
  • Nov 9, 2009 4:45am Nov 9, 2009 4:45am
I've been out for a while - wow! 10k post in this thread.
Listen guys, you have no idea who you're dealing with. Feb is a guy who sometimes calls pissed at the floor and the big guns shake themselves like little pussies. He is at that level. The fact that you're having here giving out advice for free is a winning "system" already.
You want to save some grievance in your trading business, simply do what he says. Don't argue, just follow him. Take his advice like coins of gold falling on your hands. I know him since 1995 and I have seen him making money on my face like hot cakes. I've been trading for 14 years and I STILL call him from time to time, whenever I get stuck in something. I was lucky to be one of his pupils when he was active tutoring. I believe he’s going back to the classroom again. Yes lucky because you have no idea how many people are begging him for a least 1 hour of tutoring.

A friendly advice.

If he's willing to open up a classroom for whatever, you better align your asses quickly and make sure to be this first in line!
Feb is a little x centric. He vanishes from time to time for various reasons. As he mentioned in one of his post, yes he's a rough cowboy. Just don't bring shitty stuff to the table. If you're stuck somewhere, make sure you have a valid argument. Don't feel bad if he confronts you for some reason. He's actually doing you a favor. He will go overboard sometimes just to be sure you get his answer. en0x ask him something about ECN's not long ago. That's how you deal with him.

Good luck
  • #10,485
  • Nov 9, 2009 4:47am Nov 9, 2009 4:47am
Quoting DesertFX
Moved stop to 1.4990 (just below fcr)
Hi DesertFx,

IMHO that is not a FCR yet, only a hiccup into the swing up...
Maybe the real retrace and, as a matter of a fact, the real FCR is forming right now...

Only my opinion mate,
  • #10,486
  • Nov 9, 2009 4:52am Nov 9, 2009 4:52am
Quoting jplo
Hi DesertFx,

IMHO that is not a FCR yet, only a hiccup into the swing up...
Maybe the real retrace and, as a matter of a fact, the real FCR is forming right now...

Only my opinion mate,

Cheers Bro ... thanks for your input.

I am actively trading now and trying to get a feel of how to do things, your guidance and help is extremely appreciated. Hopefully will be able to pick things up quickly.

Much appreciated for your views, thoughts and tips.
  • #10,487
  • Nov 9, 2009 5:18am Nov 9, 2009 5:18am
Market is banging @1.50 area.....if it holds I am short...still gonna wait...no news today is a high probability that area holds....
Peace
  • #10,488
  • Nov 9, 2009 5:18am Nov 9, 2009 5:18am
fcr2 entry possible at 87
  • #10,489
  • Nov 9, 2009 5:20am Nov 9, 2009 5:20am
will be a stop/reverse for anyone who's long
  • #10,490
  • Nov 9, 2009 5:24am Nov 9, 2009 5:24am
Quoting DesertFX
Long at 1.4984 ... playing #2g
Took profit at 8 pips ... I love all of this ... as FX said only way to really learn this is by being in it.

I was playing #1 however price action tested the high and couldnt continue, therefore should have took profit earlier. All lessons in my book.
  • #10,491
  • Nov 9, 2009 5:24am Nov 9, 2009 5:24am
the area is holding in volume...the currencies floor is active early so I suggest a heads up for short...
Peace
  • #10,492
  • Nov 9, 2009 5:25am Nov 9, 2009 5:25am
Just gone short at 90.
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  • #10,493
  • Nov 9, 2009 5:26am Nov 9, 2009 5:26am
Quoting FOURX
will be a stop/reverse for anyone who's long
you sound certain.. and u know this how?
  • #10,494
  • Nov 9, 2009 5:27am Nov 9, 2009 5:27am
Quoting feb2865
Market is banging @1.50 area.....if it holds I am short...still gonna wait...no news today is a high probability that area holds....
Just a heads up - I like the spot to follow...the problem is to many awkward feeds on the spot not matching up...this is why I rather hold...
Peace
  • #10,495
  • Nov 9, 2009 5:28am Nov 9, 2009 5:28am
I would like to see the market breaking the "80 area in harmony...this is why I am holding....I am gonna shut up for now LOL!!!
Peace
  • #10,496
  • Nov 9, 2009 5:29am Nov 9, 2009 5:29am
short 87, playing g+
  • #10,497
  • Nov 9, 2009 5:32am Nov 9, 2009 5:32am
Quoting DesertFX
Just gone short at 90.
Playing #2g
  • #10,498
  • Nov 9, 2009 5:32am Nov 9, 2009 5:32am
Quoting fxachilies
you sound certain.. and u know this how?
sorry fx,..... but if the signal is there you must be in it to win
  • #10,499
  • Nov 9, 2009 5:33am Nov 9, 2009 5:33am
short fcr#2. 1.149874
  • #10,500
  • Nov 9, 2009 5:38am Nov 9, 2009 5:38am
Quoting FOURX
sorry fx,..... but if the signal is there you must be in it to win
oh ya you bet.. but u did not say signal..
it sound like some kind of a intutive thought or advise.. i was just wondering..
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