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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)

  • #10,781
  • Nov 12, 2009 8:50am Nov 12, 2009 8:50am
Quoting iak
short d123 1.49303
first hurdle. sl @BE
out +20
held on to that bastard far too long!!
  • #10,782
  • Nov 12, 2009 9:12am Nov 12, 2009 9:12am
back in short. 1.48946

gunna need a drink tonight!

moved to BE
  • #10,783
  • Nov 12, 2009 9:22am Nov 12, 2009 9:22am
Quoting iak
back in short. 1.48946

gunna need a drink tonight!

moved to BE

Hope you're still riding this one IAK
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,784
  • Nov 12, 2009 9:27am Nov 12, 2009 9:27am
Quoting mac1956
Hope you're still riding this one IAK
still in mate
  • #10,785
  • Nov 12, 2009 9:35am Nov 12, 2009 9:35am
Quoting iak
still in mate
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,786
  • Nov 12, 2009 9:37am Nov 12, 2009 9:37am
  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
Quoting mac1956
Hope you're still riding this one IAK
Hi Mac,
I decided to take PaulL's advice and drop the spreadbetting account. I have opened an account with oanda. Pretty good and tighter spreads. i never liked the charts with IG.

I'm in this trade as well and just moved my stop down to 92 to lock in some profit (although I have probably suffocated the poor little trade)
  • #10,787
  • Nov 12, 2009 10:03am Nov 12, 2009 10:03am
Quoting leemo
Hi Mac,
I decided to take PaulL's advice and drop the spreadbetting account. I have opened an account with oanda. Pretty good and tighter spreads. i never liked the charts with IG.

I'm in this trade as well and just moved my stop down to 92 to lock in some profit (although I have probably suffocated the poor little trade)

Hi Buddy,

I have an account with oanda but I just don't like the charts - but I'm happy with Ig - it doesn't visibly get in my way just yet. If it becomes a problem I'll join you. The spreads can suddenly widen on Oanda at key moments - Ig don't do that.

ANyway. I got out at 80 with a bit of help and practice int eh art of teh #1 play so I got a nice 19.8 out of it. Keep plugging away at this and you'll be a very rich man!!! This is as good as it gets.

I'm off to celebrate my wonderful wife's birthday with her and the kids - happy hunting everyone - milk this money machine DRY.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #10,788
  • Edited 10:34am Nov 12, 2009 10:09am | Edited 10:34am
sorry guys, got called away from screen so took another 20 pips just incase it went tits up! order waiting ready if it does go south some more.

got out BE playing #2. prob regret it but didnt feel right about trade.
  • #10,789
  • Nov 12, 2009 10:12am Nov 12, 2009 10:12am
Quoting mac1956
Hi Buddy,

I have an account with oanda but I just don't like the charts - but I'm happy with Ig - it doesn't visibly get in my way just yet. If it becomes a problem I'll join you. The spreads can suddenly widen on Oanda at key moments - Ig don't do that.

ANyway. I got out at 80 with a bit of help and practice int eh art of teh #1 play so I got a nice 19.8 out of it. Keep plugging away at this and you'll be a very rich man!!! This is as good as it gets.
I'm off to celebrate my wonderful wife's birthday with her and the kids - happy hunting everyone...
Happy birthday to your wife mate
  • #10,790
  • Nov 12, 2009 10:14am Nov 12, 2009 10:14am
I have been reading this thred for some time now and just descided to jump to the end....last few pages someone posted a comment on a GBP trade and chille told him to get with the plan and not talk pound....just so I dont follow suit...this is only being traded on the euro....correct?
Thx
  • #10,791
  • Nov 12, 2009 10:29am Nov 12, 2009 10:29am
  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
Quoting mac1956
Hi Buddy,

I'm off to celebrate my wonderful wife's birthday with her and the kids - happy hunting everyone - milk this money machine DRY.
Nice one. Don't start trading with a hangover tomorrow morning though
  • #10,792
  • Nov 12, 2009 10:56am Nov 12, 2009 10:56am
Hi Leemo
What do you think about the Oanda charting....I'm not to crazy about it....I do like their spreads....I use there trading platform, but use the Mt4 for charts
  • #10,793
  • Nov 12, 2009 11:11am Nov 12, 2009 11:11am
Hi Guys,

I'm a newbie to the thread and I'm currently trying desperately to catch up and currently I have only read up to page 108. I'd just like to thank Feb (and also everyone else who contributes) for his generosity in sharing his knowledge, experience and expertise with us. "Give a man a fish (system) and he will eat for a day, teach him how to catch a fish (read the price action of the market) and he will eat forever!!! That is one hell of a gift Feb!!

The simple steps taught by this thread have revolutionised my mindset towards the markets and greatly improved my trading and understanding. So thanks again.

I have a question for you guys. I apologise if it is covered at a later point in the thread and if that is the case then please feel free to tell me to stop being so impatient and read the rest, I do not want to take the thread off topic or waste anyones time. My problem is this:

I have a family and a full time job and until I am consitent enough and confident enough to consistently make money from the markets my comittments are such that I can only trade from about 9PM GMT. This means that the markets are asleep and I rarely get to see a 30-40 pip swing. Is there anything that anyone can suggest or an alternative currency pair that will provide me with the volatility that we need? I have tried holding out until the Sydney open but as yet that doesn't seem to present much action in the first 1-2hrs (by that time I'm too tired to trade anymore!)

Any suggestions or guidance would be greatly appreciated. I desperately would like to expose myself to more live trading to build on my experience but find it increasingly frustrating!!

Thanks in anticipation and happy trading to you all!

R
  • #10,794
  • Nov 12, 2009 11:17am Nov 12, 2009 11:17am
Quoting gmfxnut
I have been reading this thred for some time now and just descided to jump to the end....last few pages someone posted a comment on a GBP trade and chille told him to get with the plan and not talk pound....just so I dont follow suit...this is only being traded on the euro....correct?
Thx
howmuch is some time? howmany pages have u read?
  • #10,795
  • Nov 12, 2009 11:24am Nov 12, 2009 11:24am
  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
Quoting gmfxnut
Hi Leemo
What do you think about the Oanda charting....I'm not to crazy about it....I do like their spreads....I use there trading platform, but use the Mt4 for charts
Yes I agree with you that their platform is not very impressive. I much prefer the Mt4 platform but with this method of trading you don't need anything fancy. I'm trying to get used to it and I'm sure after a few more days it will feel much better.

With spreads as low as .9 It is well suited to trading off 5 min charts
  • #10,796
  • Nov 12, 2009 11:45am Nov 12, 2009 11:45am
Hi fxachilie
I have read all of Febs other threds i.e. The System, The Loser's thred, Feb's Trade Journel, and up to 110pg on The System ll....just didnt know if anything else was open for discussion other than Euro...no I have not seen anything else, just wasnt sure that it was officialy not allowed
Thx
  • #10,797
  • Nov 12, 2009 12:14pm Nov 12, 2009 12:14pm
Quoting gmfxnut
Hi fxachilie
I have read all of Febs other threds i.e. The System, The Loser's thred, Feb's Trade Journel, and up to 110pg on The System ll....just didnt know if anything else was open for discussion other than Euro...no I have not seen anything else, just wasnt sure that it was officialy not allowed
Thx
ok.. this system is a different animal than rest of febs thread and is by far the longest..
you got 610 more pages to go..
mean time u can check out post 4734 and follow the structure there.. and find out about the plan in page 649..
this way u can stay current with the thread while u are finishing reading the whole thread... if u last through all this then u can start posting and trading alogside your brothers on daily basis like everyone else.

best of luck..
  • #10,798
  • Nov 12, 2009 12:52pm Nov 12, 2009 12:52pm
Quoting Reesy
Hi Guys,

I'm a newbie to the thread and I'm currently trying desperately to catch up and currently I have only read up to page 108. I'd just like to thank Feb (and also everyone else who contributes) for his generosity in sharing his knowledge, experience and expertise with us. "Give a man a fish (system) and he will eat for a day, teach him how to catch a fish (read the price action of the market) and he will eat forever!!! That is one hell of a gift Feb!!

The simple steps taught by this thread have revolutionised my mindset towards the markets...
Reesy

Welcome to the family. Please feel free to bring any doubts - concerns etc.

In your particular case, the AUS/USD (the aussie) has decent volatility during your trading time. The loonie USD/CAD also bring some decent volume during this time. If you're in a mood for range trading, then EUR/CHF is the best of the breed.

This is not a pure ERU/USD thread. I made that my personal choice. You're welcome to trade those pairs I mentioned and post charts if you like.

If you trade any pair during your available time, pay close attention to the news related to that pair. They tend to be very touchy.

hope it helps.....
Peace
  • #10,799
  • Nov 12, 2009 12:58pm Nov 12, 2009 12:58pm
Guys.

For the classroom, is imperative to leave your own personal e-mail. Right now I am putting on a list those with e-mail addresses.

One thing I want to make clear - we will keep this thread alive. I am grateful to twee which is my dear friend and the big daddy here ta FF, for the opportunity but we need to abide the rules. I am not selling books nor putting up a website to sell anything. I will explain in details how we're going to deal with the classroom so we keep everything orderly.

I will let you know the subject(s) we're discussing on that seminar...

Is getting pack already but I will leave some room, so hurry,,,very soon I'll close the door.
Peace
  • #10,800
  • Nov 12, 2009 1:05pm Nov 12, 2009 1:05pm
I learned a big lesson today. I came away with .2 short of +49. I felt pleased except that the last trade was a perfect #1 exit, which I realise I had not fully understood until now. Just with my entries today as they are but with better #1 exits I could have gained 26 extra pips - that's more than half my total. That is not hindsight, that is just with rigorous implementation of the plan. SO that's my new learning edge now - better #1 exits to preserve profit.
1. should have been +25,
2. should have been +26 and
5. should have been +13

That would have had me walking away with +75 from a sometimes choppy day. Learning from this great thread more and more. Thanks everyone and especially Feb, Fx et al.

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