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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)

  • #10,681
  • Nov 11, 2009 10:20am Nov 11, 2009 10:20am
Quoting DesertFX
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?

DesertFx

Bear in mind that any move over 40 pips is considered OK to close and or at least reduce the position size this is what Feb and Fx preach.

Hope this helps.
Survive and Preserve
  • #10,682
  • Nov 11, 2009 10:24am Nov 11, 2009 10:24am
ok guys this looks like a rather strong hurdel.. i would play aggresive #1 if the chance is given before my sl is hit..
any pprice hesitaion on the break of LL i will bank max
  • #10,683
  • Nov 11, 2009 10:24am Nov 11, 2009 10:24am
Quoting DesertFX
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?

Very strong bounce from the bottom ... will it give me a chance to collect some of that or have I mssed the boat?
  • #10,684
  • Nov 11, 2009 10:25am Nov 11, 2009 10:25am
Quoting PaulLangham
DesertFx

Bear in mind that any move over 40 pips is considered OK to close and or at least reduce the position size this is what Feb and Fx preach.

Hope this helps.
Cheers Paul.
  • #10,685
  • Nov 11, 2009 10:29am Nov 11, 2009 10:29am
Quoting mac1956
Two nice movements today. They come from nowhere don't they?

Agreed, this is wht like FX syas best ignore everything - anything can and will happen, when it happens, we know we can`t predict when we wre just ready to react.
Survive and Preserve
  • #10,686
  • Nov 11, 2009 10:36am Nov 11, 2009 10:36am
Quoting DesertFX
Very strong bounce from the bottom ... will it give me a chance to collect some of that or have I mssed the boat?
Moved stop to 1.4984.

Very sticky price action.
  • #10,687
  • Nov 11, 2009 10:38am Nov 11, 2009 10:38am
Quoting fxachilies
thas why its best to not pay attention to outside stuff.. such as.. bank holidays and speculations and other bullshit..
You are right... missed the run... who cares about holidays... $$full lesson..!!
  • #10,688
  • Nov 11, 2009 10:38am Nov 11, 2009 10:38am
Quoting DesertFX
Moved stop to 1.4984.

Very sticky price action.
I am out +24 pips.

+37
-15
-11
-6
+24

Net = +29

Any tips for Mr Desert from the legends for today's trading?
  • #10,689
  • Edited 10:57am Nov 11, 2009 10:45am | Edited 10:57am
Quoting DesertFX
I am out +24 pips.

+37
-15
-11
-6
+24

Net = +29

Any tips for Mr Desert from the legends for today's trading?
I'm still in - Sl at 93 - LOL Back inside the old bracket - Sl to 83
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,690
  • Nov 11, 2009 10:52am Nov 11, 2009 10:52am
hay
what was your hard sl on this last 5008 short?
was it 30 p or 10 from the start? (like a BB)
thx
it's a huge gap tony, a huge gap.
  • #10,691
  • Nov 11, 2009 10:58am Nov 11, 2009 10:58am
Quoting DesertFX
I am out +24 pips.

+37
-15
-11
-6
+24

Net = +29

Any tips for Mr Desert from the legends for today's trading?
Really nice played today, Desert....
  • #10,692
  • Nov 11, 2009 10:59am Nov 11, 2009 10:59am
Quoting mac1956
I'm still in - Sl at 93 - LOL Back inside the old bracket - Sl to 83
Macdaddy
  • #10,693
  • Nov 11, 2009 11:01am Nov 11, 2009 11:01am
Quoting jplo
Really nice played today, Desert....
My friend you are too kind ... thank you sincerely.

I appreciate the support and confidence boost.

Today has been a rollercoaster of emotions for me, and I feel this is only the beginning of the lessons to come potentially.
  • #10,694
  • Nov 11, 2009 11:02am Nov 11, 2009 11:02am
Quoting DesertFX
Macdaddy

Man this is a GAS - could be a Paulie - could be a DB - like the bleedin' Hokey-Cokey
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,695
  • Nov 11, 2009 11:04am Nov 11, 2009 11:04am
Quoting DesertFX
My friend you are too kind ... thank you sincerely.

I appreciate the support and confidence boost.

Today has been a rollercoaster of emotions for me, and I feel this is only the beginning of the lessons to come potentially.
U R and inspiration to us all Des me old mucker.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,696
  • Nov 11, 2009 11:06am Nov 11, 2009 11:06am
Quoting mac1956
Man this is a GAS - could be a Paulie
I am still holding shiort - but 50% only now
Survive and Preserve
  • #10,697
  • Edited 11:25am Nov 11, 2009 11:11am | Edited 11:25am
Quoting PaulLangham
I am still holding shiort - but 50% only now
Even Alien wasn't as tense as this! Seems 70 is crucial here - I've moved my Sl to 72 - call me chicken
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,698
  • Nov 11, 2009 11:14am Nov 11, 2009 11:14am
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  • #10,699
  • Nov 11, 2009 12:48pm Nov 11, 2009 12:48pm
Quoting tptrading
Attachment
Hi

It is now getting late and we can see from the price action they couldn`t push it any further. I have now closed my second 50% and will post shortly
Survive and Preserve
  • #10,700
  • Nov 11, 2009 1:08pm Nov 11, 2009 1:08pm
Here are my trades - just two but +70

I think tday sfhowed that there are various ways of playing the same style and market - some people like to get closer others stand back a bit. I have been too close recently , too many trades, too much slipagge and spread being paid and I am trying to really let my trades bake.

If you take trade 1 there was a higher low 1.5026 which was taken out where I would normally have closed - you all know how I play these, but I wanted to give more space and came out the next one down.

FX has frequently made the argument that after such a run up, one method is to stay in and wait for the channel to develop, which it did a - this saves you pips attempting to rejoin if things abort and go bad , in the end it is swings and roundabouts, we didn`t break higher .

My second 50% was closed evenr later and many can argue I left pips on the table.


Concerning trade two I wanted to close on the second push to the double bottom as I fancied banking something good. In the end another channel formed and I close the econd part at the same price.
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Survive and Preserve
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