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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)

  • #10,741
  • Nov 12, 2009 1:27am Nov 12, 2009 1:27am
Quoting iak
Morning fx. When playing 2G+ do i wait til -10 to close or do i close when candle closes inside the line?
its a combination on things which we call it here expectancy...
firs of all u never close with G+ above the level line.. its always below the level line.. u will lose atleast 5pips no matter what..
you should give ur trade about 10-15 pips around the level line to breath.. however if u see a mass speed coming toward u then a little after the cross u should try to get out for lesser damage (like what i did on this very particular fakeout just now.. -7).. or in between your entery and your 15pips sl if u see slower speed against u then close as soon as u see price close beyond the level line and the following candel in going in the same direction..
I normally give away normally no more than 7-10 pips..
its art more than anything else.. I have tried to put this in words so people can underestand but it not easy to do so.. anyhow its the best that i can expalin it..

I hope it helps..
  • #10,742
  • Nov 12, 2009 1:43am Nov 12, 2009 1:43am
Quoting fxachilies
its a combination on things which we call it here expectancy...
firs of all u never close with G+ above the level line.. its always below the level line.. u will lose atleast 5pips no matter what..
you should give ur trade about 10-15 pips around the level line to breath.. however if u see a mass speed coming toward u then a little after the cross u should try to get out for lesser damage (like what i did on this very particular fakeout just now.. -7).. or in between your entery and your 15pips sl if u see slower speed against u then close as soon...
Yes, that helps alot. Thankyou
  • #10,743
  • Nov 12, 2009 1:54am Nov 12, 2009 1:54am
short 1.49803

sl to BE
  • #10,744
  • Nov 12, 2009 1:54am Nov 12, 2009 1:54am
triggered short now....
A semi-fake in hands, let's see how it unfolds....
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  • #10,745
  • Nov 12, 2009 2:02am Nov 12, 2009 2:02am
Quoting jplo
triggered short now....
A semi-fake in hands, let's see how it unfolds....
hangin' in on the short also..free ride now

HR
  • #10,746
  • Nov 12, 2009 2:03am Nov 12, 2009 2:03am
on the short run..
played If and Then.. got ride of the long fakeout loser for -7.. and now short on a possible runner.. lets see if i can pull a paulie...

oh I miss my pal PaulL already.. come back to the family bud.

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  • #10,747
  • Nov 12, 2009 2:09am Nov 12, 2009 2:09am
am i right to be at BE now? this is my big area of weakness. always moving to BE too early
  • #10,748
  • Nov 12, 2009 2:09am Nov 12, 2009 2:09am
Quoting highroller
hangin' in on the short also..free ride now

HR
Playing #1 now....
Let's see if this London open helps
  • #10,749
  • Nov 12, 2009 2:09am Nov 12, 2009 2:09am
Fx, If I may ask
In this case ans similars , when you are in profit of +10 +15 ...
and price turns against you
Worst case scenario should be BE ? or will you check the level line ?
Tks
David

Quote from Fx
"Trade 11..
my short order got triggered at 4979 and playing #1 now.."
  • #10,750
  • Nov 12, 2009 2:10am Nov 12, 2009 2:10am
Quoting iak
am i right to be at BE now? this is my big area of weakness. always moving to BE too early
IMHO would be better to wait for the retrace to finish, and at least see 1 attempt to resume the original move before trailing the SL...
  • #10,751
  • Nov 12, 2009 2:12am Nov 12, 2009 2:12am
Quoting jplo
IMHO would be better to wait for the retrace to finish, and at least see 1 attempt to resume the original move before trailing the SL...
cool, i have moved it out of the way. thanks, what i needed to hear
  • #10,752
  • Nov 12, 2009 2:19am Nov 12, 2009 2:19am
Out @ 4964 playing #1 and continuation order set......
  • #10,753
  • Edited 3:09am Nov 12, 2009 2:31am | Edited 3:09am
out +4.
buy order 1.49795

playing #2
hard stop of 20 hit.

entered short 1.49514 D123 def:2G+
  • #10,754
  • Nov 12, 2009 2:33am Nov 12, 2009 2:33am
Quoting jplo
Out @ 4964 playing #1 and continuation order set......
good play jplo..i gave it a bit more room & exited at 4978.
  • #10,755
  • Nov 12, 2009 3:05am Nov 12, 2009 3:05am
Quoting david4u
Fx, If I may ask
In this case ans similars , when you are in profit of +10 +15 ...
and price turns against you
Worst case scenario should be BE ? or will you check the level line ?
Tks
David

Quote from Fx
"Trade 11..
my short order got triggered at 4979 and playing #1 now.."
more likely yes.. BE should be ur worst result.. it also depends how it breaks, must look like a strong break like this one.. technically u got tollarate the first hurdel but not above the level line..
  • #10,756
  • Nov 12, 2009 3:07am Nov 12, 2009 3:07am
short 4954..
  • #10,757
  • Nov 12, 2009 3:16am Nov 12, 2009 3:16am
guys i am gonna give u a million dollar lesson..

offense will put points on the board.. but defense will win u a championship.

our defensive plays will make u winner in so many ways and allows you to get on the right direction of the market eventually with IF and Then so u can put points up on the board.. (runner)

thats ur bottomline..
  • #10,758
  • Nov 12, 2009 3:18am Nov 12, 2009 3:18am
Quoting highroller
short 4954..
anyone else short riding this runner?
  • #10,759
  • Nov 12, 2009 3:19am Nov 12, 2009 3:19am
yes 14954
  • #10,760
  • Nov 12, 2009 3:21am Nov 12, 2009 3:21am
Quoting highroller
anyone else short riding this runner?
yes - 4950
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