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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)

  • #10,661
  • Nov 11, 2009 8:01am Nov 11, 2009 8:01am
Quoting DesertFX
Closed at -6 ... price action stalling too much. Will keep testing and testing till I get it hopefully.
thats it buddy... thats the attitude..
this comment right there was the best thing about ur preformence today..
  • #10,662
  • Nov 11, 2009 8:03am Nov 11, 2009 8:03am
Quoting fxachilies
thats it buddy... thats the attitude..
this comment right there was the best thing about ur preformence today..

Cheers FX .. I must admit when I look at price action now I really am looking at it in a different way. Its almost like a child walking again.

Considering I have had one semi runner ... and 3 fakeouts. I am almost breakeven.

No substitute for experience.

Summary thus far:

+37
-15
-11
-6

Net = +5
  • #10,663
  • Nov 11, 2009 8:04am Nov 11, 2009 8:04am
I am new to this thread and very interested. Thanks!
  • #10,664
  • Nov 11, 2009 8:18am Nov 11, 2009 8:18am
Quoting PaulLangham
Hi Mac and Leemo,

Maybe I can help you regarding spreadbetting as I have actually worked for one of the larger ones.

First up, please be careful as they exist to take YOUR money and prices are manipulated within the the realms of what is considered as being acceptable manipulation

I will give you an example, when the marke is booming upwards, there is sramble to get on - we can see this in the price action of candles - now what their "dealers" do is they push the price even ratyer than spot or the index depending on what it is you are trading,...

In terms of pips, how much manipulation is normal?
  • #10,665
  • Nov 11, 2009 8:43am Nov 11, 2009 8:43am
Quoting runkarn
In terms of pips, how much manipulation is normal?
Depends and it is irrelevant how much - they simply push the price during fast markets to trap you. Say 2 to 5 pips, it depends on market, whether its FX, or DJIA Index, Gold for example. Just stay away from them.

Sorry if this is direct - not usually my style, but as I said earlier I don`t like to see people lose their hard earned. Go MT4 or mini futures
Survive and Preserve
  • #10,666
  • Nov 11, 2009 8:44am Nov 11, 2009 8:44am
Looking to go short here 1.5009.
  • #10,667
  • Nov 11, 2009 8:59am Nov 11, 2009 8:59am
Quoting PaulLangham
Depends and it is irrelevant how much - they simply push the price during fast markets to trap you. Say 2 to 5 pips, it depends on market, whether its FX, or DJIA Index, Gold for example. Just stay away from them.

Sorry if this is direct - not usually my style, but as I said earlier I don`t like to see people lose their hard earned. Go MT4 or mini futures

So you rekon that is what I should take into account? A 5 pip manipulation ?

But given todays competition, wouldnt a spreadbetting company which manipulates price in major ways lose proffesional costumers?

And why not use SB on 4H-Daily setups? Cant see how they affect a 100-200 pip stop loss in any way...!?!?
  • #10,668
  • Nov 11, 2009 9:09am Nov 11, 2009 9:09am
Quoting DesertFX
Looking to go short here 1.5009.
Is it me ... or am I too energetic for a dull market.
  • #10,669
  • Nov 11, 2009 9:41am Nov 11, 2009 9:41am
Quoting DesertFX
Is it me ... or am I too energetic for a dull market.
Just gone short at 1.50082
  • #10,670
  • Nov 11, 2009 9:43am Nov 11, 2009 9:43am
Quoting DesertFX
Just gone short at 1.50082
Playing #1
  • #10,671
  • Nov 11, 2009 9:55am Nov 11, 2009 9:55am
are u short? are u holding?

block all the fakeouts that u lost money on earlier... dont let it to intefear in your mind with this trade..
trade manage this baby correctly..


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  • #10,672
  • Nov 11, 2009 9:57am Nov 11, 2009 9:57am
Quoting fxachilies
are u short? are u holding?

block all the fakeouts that u lost money on earlier... dont let it to intefear in your mind with this trade..
trade manage this baby correctly..


http://cdn.forexfactory.com/images/attach/gif.gif
yes bro still short ... waiting for an fcr to move my stop lower
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  • #10,673
  • Nov 11, 2009 9:59am Nov 11, 2009 9:59am
Two nice movements today. They come from nowhere don't they?
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,674
  • Nov 11, 2009 10:02am Nov 11, 2009 10:02am
Quoting mac1956
Two nice movements today. They come from nowhere don't they?
macdaddy ... this is fascinating the way price moves ... just watching and monitoring it
  • #10,675
  • Nov 11, 2009 10:03am Nov 11, 2009 10:03am
Quoting mac1956
Two nice movements today. They come from nowhere don't they?
thas why its best to not pay attention to outside stuff.. such as.. bank holidays and speculations and other bullshit..
  • #10,676
  • Nov 11, 2009 10:09am Nov 11, 2009 10:09am
Quoting DesertFX
Playing #1
Moved stop to 1.4994

First hurdle out of the way ... playing #1 in full now.
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  • #10,677
  • Nov 11, 2009 10:14am Nov 11, 2009 10:14am
Quoting runkarn
So you rekon that is what I should take into account? A 5 pip manipulation ?

But given todays competition, wouldnt a spreadbetting company which manipulates price in major ways lose proffesional costumers?

And why not use SB on 4H-Daily setups? Cant see how they affect a 100-200 pip stop loss in any way...!?!?

Yea like I said longer time farme is OK - it is harder for them, but you will always pay a little extra and it becomes like a dripping tap from your bottom line.

As regards professionalism, don`t even go there,we know the expressions is "Spread bet" - the inference on the word "bet" which means you are expected to lose. Market makers in stocks manip all the time, its another story for another thread - its just my two penny wortth of first hand inside knowledge and experience. They love "garaging" punters thats all I will say = fleecing you.
Survive and Preserve
  • #10,678
  • Nov 11, 2009 10:14am Nov 11, 2009 10:14am
Quoting DesertFX
Moved stop to 1.4994

First hurdle out of the way ... playing #1 in full now.
I can feel the fear now to lock in my profit ... as scared profit will run away. Will not listen to that thought or fear. Will continue with plan.

Am I right FX?
  • #10,679
  • Nov 11, 2009 10:14am Nov 11, 2009 10:14am
Quoting DesertFX
Moved stop to 1.4994

First hurdle out of the way ... playing #1 in full now.

Nice play Desertfx
Survive and Preserve
  • #10,680
  • Nov 11, 2009 10:17am Nov 11, 2009 10:17am
guys DO NOT pay attention to the old sup here... just keep playing #1..

let the hurdel develop...
i got my sl at 82... 23pips is locked in no matter what
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