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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)

  • #10,601
  • Nov 11, 2009 1:00am Nov 11, 2009 1:00am
Quoting highroller
the balls in your court for #1 exit...
Cheers
  • #10,602
  • Nov 11, 2009 1:01am Nov 11, 2009 1:01am
Quoting jplo
You can play both DesertFx:

1/ you can apply #1 and get out on top if it doesn't break HH....
* keeping an entry option opened above it, it case it breaks later

2/ As far as you are in good profits, you can simply set your SL below the last FCR and let it be.. trailing it above each new FCR formed

It is totally up to you

Hope it helps
Thanks legend.
  • #10,603
  • Nov 11, 2009 1:02am Nov 11, 2009 1:02am
Quoting FOURX
ok,so everyone who is long should intend to close if this mini range/bb is broke at 22...... i think thats correct, but who will reverse?
I just closed half my order at 5039 playing #1. Will close the other half on break of the fcr or keep on running. May even open a new order if it breaks north again
"Save your ass, then go for profit"
  • #10,604
  • Nov 11, 2009 1:02am Nov 11, 2009 1:02am
Quoting jplo
You can play both DesertFx:

1/ you can apply #1 and get out on top if it doesn't break HH....
* keeping an entry option opened above it, it case it breaks later

2/ As far as you are in good profits, you can simply set your SL below the last FCR and let it be.. trailing it above each new FCR formed

It is totally up to you

Hope it helps
Will leave it open bro and have stop just below FCR. Roughly 1.5022/24. Thanks again for your help.
  • #10,605
  • Nov 11, 2009 1:03am Nov 11, 2009 1:03am
Quoting FOURX
ok,so everyone who is long should intend to close if this mini range/bb is broke at 22...... i think thats correct, but who will reverse?
i would expect a continuation regardless of being stopped out..just my opinion...runner mentality...except if prolonged range...i would consider short.
  • #10,606
  • Nov 11, 2009 1:08am Nov 11, 2009 1:08am
Quoting fxachilies

Price as my only indicator..
My plan..
and how i excute my plan..
are my only edge in this market, period.

I see you all tomorrow..
Hi fxachilies ,

could you please give the link to the post where you describe your plan ?

thank you
  • #10,607
  • Nov 11, 2009 1:10am Nov 11, 2009 1:10am
i've followed fx's lead & exited +50, i'm assuming it was because failure of high..

HR
  • #10,608
  • Nov 11, 2009 1:11am Nov 11, 2009 1:11am
Quoting highroller
i would expect a continuation regardless of being stopped out..just my opinion...runner mentality...except if prolonged range...i would consider short.
hey highroller,

i was not trying to predict a reversal..............the question was,if it did reverse,who would take the trade?,seeming as though we should take every signal

I am wondering who stops and reverses,without hesitation?

fx, has an order in place to reverse,but he has closed his position!
  • #10,609
  • Nov 11, 2009 1:16am Nov 11, 2009 1:16am
Quoting FOURX
hey highroller,

i was not trying to predict a reversal..............the question was,if it did reverse,who would take the trade?,seeming as though we should take every signal
i understood your question, and when you have a runner it's best to run with the momentum...unless prolonged range...check fx's post's a while back.

HR
  • #10,610
  • Nov 11, 2009 1:18am Nov 11, 2009 1:18am
Quoting jplo
You can play both DesertFx:

1/ you can apply #1 and get out on top if it doesn't break HH....
* keeping an entry option opened above it, it case it breaks later

2/ As far as you are in good profits, you can simply set your SL below the last FCR and let it be.. trailing it above each new FCR formed

It is totally up to you

Hope it helps
perfect explanation from our rising star..
good job J..

guys.. keep an a eye to my journal.. those of u who keep track u know that i do announce everything in a very timely manner..
i took profit on the failure on top by stick to guns and playing a prefect #1 ply.. banked +42 at 37.. now got a reenter and revesal orders inplace.. so yes Fourx, i will revers the fuck out of it at the fcr.. lol
  • #10,611
  • Nov 11, 2009 1:21am Nov 11, 2009 1:21am
Quoting fr3br0
Hi fxachilies ,

could you please give the link to the post where you describe your plan ?

thank you

sure my friend..
read the whole thread !!!

welcome to the thread..
  • #10,612
  • Nov 11, 2009 1:23am Nov 11, 2009 1:23am
Quoting fxachilies
perfect explanation from our rising star..
good job J..

guys.. keep an a eye to my journal.. those of u who keep track u know that i do announce everything in a very timely manner..
i took profit on the failure on top by stick to guns and playing a prefect #1 ply.. banked +42 at 37.. now got a reenter and revesal orders inplace.. so yes Fourx, i will revers the fuck out of it at the fcr.. lol
now that, is what i call an ANSWER
  • #10,613
  • Nov 11, 2009 1:24am Nov 11, 2009 1:24am
It seems BB forming ...

I am still Long
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  • #10,614
  • Nov 11, 2009 1:37am Nov 11, 2009 1:37am
guys.. lunch time for me.. be back in 30min..
i got my orders set.. (check the journal)..

CYA
  • #10,615
  • Nov 11, 2009 1:39am Nov 11, 2009 1:39am
Quoting DesertFX
It seems BB forming ...

I am still Long
Good resistance seems here around the 1.5040/45 area. Nice BB forming.
  • #10,616
  • Nov 11, 2009 1:40am Nov 11, 2009 1:40am
Quoting fxachilies
guys.. lunch time for me.. be back in 30min..
i got my orders set.. (check the journal)..

CYA
see link to fx's journal for those that missed it...
http://www.forexfactory.com/showthre...=205521&page=3
  • #10,617
  • Nov 11, 2009 1:45am Nov 11, 2009 1:45am
Quoting DesertFX
Good resistance seems here around the 1.5040/45 area. Nice BB forming.
I am not hoping for anything ... I am letting price action dictate the direction for me. I am just riding the wave.

Hopefully one can be skilled enough to learn how to manouevre.

Its fascinating trading live in the sense one gets access to a full range of emotions, they key from reading etc is learning how to manage them and direct them effectively. Clearly we are in positive profit here so confidence needs to be checked, and no arrogance.

I want to hopefully try and absorb as much playing time as possible to see how I can react in different situations ... i.e. fakeouts, semi fakouts, how to handle runners etc.
  • #10,618
  • Nov 11, 2009 1:45am Nov 11, 2009 1:45am
Quoting DesertFX
It seems BB forming ...

I am still Long
Agree re BB...orders placed at 5047 & 5023
  • #10,619
  • Nov 11, 2009 1:45am Nov 11, 2009 1:45am
hey guys,

so the question i posed about 40min ago, only fx would have reversed immediately............others would want to see prolonged range, and posssibly miss the early entry
  • #10,620
  • Nov 11, 2009 2:08am Nov 11, 2009 2:08am
Quoting FOURX
hey guys,

so the question i posed about 40min ago, only fx would have reversed immediately............others would want to see prolonged range, and posssibly miss the early entry
I swing both ways.. lol (don't get any wrong ideas now..)
i stay flexible with the price by just following his lead, we got a live market in hand.. I got a reentery and reversal order inplace.. and now sitting pretty with max profit taking on top earlier by sticking to the plan and playing flawless #1..
guys don't get to hung up with the runners mentality.. if its not there then dont force it.. the plan shows u the way.. take profit when it tell u too and let it run when it tells u too..
by the way if you missed out to ply #1 the first time price gave couple more chances for u to max profit on top..
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