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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)

  • #11,281
  • Nov 19, 2009 2:07pm Nov 19, 2009 2:07pm
First of all, a huge thanks to Feb... your method is the first that I feel truly comfortable and confident with, and it is also (not suprisingly) the first to really turn a long desire to trade for a living into a reality. Also, thanks for FX, and others who have helped keep this thread alive for so long...it should be required reading for anyone who is serious about trading.

Anyway, just wanted to say I've been lurking for a few days, and this week has been great so far. Green for the week, and I caught that down trend around london open for 25 pips.

Will be posting charts in the future... and may want to open up conversation on exit strategies if the thread hasn't already covered it. Been reading since page one, and now on page 80...so these ideas may already be covered...i'll bring it up after i finish my read.

Again, this type of generosity can be transformational to aspiring traders like myself, and others i'm sure, so thank you.
  • #11,282
  • Nov 19, 2009 2:15pm Nov 19, 2009 2:15pm
Quoting janqie
Hello
i was reading as much as i can and now i am at demo work.today took few trades and if someone have weary litle time to comment this it would veary helpful to me.

Lots of green pips to you all!!

Looks good to me - maybe a bit early on the +34 exit - look a the #1 exit - post # 3031 from Fx and I have attempted an explanation on the previous post if that helps. Nice defensive play for -7.... I did exactly the same for the same loss - so I have to admire it don't I ???
$urvive, Pre$erve & RESPECT THE TEACHER
  • #11,283
  • Nov 19, 2009 2:16pm Nov 19, 2009 2:16pm
Quoting mac1956
Pleasure. The point about #1, and Fx will correct me if I am off the mark here, is that once a trade has delivered between 10 and 20 pips of profit, the pullback is more often than not going to be a semi-fakeout - i.e. it will most times retrace against you for a while and then move back again towards the HH or LOW LOW one more time - now that is the key. (bear in mind too that sometimes it comes straight back at you and kicks you in the breakevens - very painful). If it attacks the LL or HH with some momentum BAM, we have the next profits - who...
Thanks man! This is a real challenge to me. At the same time, I ve been trading for a year now, this is the first time I feel like I know where am I going. When the time comes, I hope I can be as great assistance to new traders as you are.
You wont survive without preserving!!!
  • #11,284
  • Nov 19, 2009 2:18pm Nov 19, 2009 2:18pm
Quoting coronajazz
Thanks man! This is a real challenge to me. At the same time, I ve been trading for a year now, this is the first time I feel like I know where am I going. When the time comes, I hope I can be as great assistance to new traders as you are.

Nice words - thanks - you are very fortunate to have got here only after a year. Let's all get rich together buddy and keep passing it on to others like Feb and Fx have done for us just like you say!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #11,285
  • Nov 19, 2009 2:25pm Nov 19, 2009 2:25pm
Thank you. wish to trade with you guys after litle practice. I like this system, this threat and mindset in here
"Even a million miles journey starts with one single step"
  • #11,286
  • Nov 19, 2009 4:42pm Nov 19, 2009 4:42pm
Quoting spinfoil
First of all, a huge thanks to Feb... your method is the first that I feel truly comfortable and confident with, and it is also (not suprisingly) the first to really turn a long desire to trade for a living into a reality. Also, thanks for FX, and others who have helped keep this thread alive for so long...it should be required reading for anyone who is serious about trading.

Anyway, just wanted to say I've been lurking for a few days, and this week has been great so far. Green for the week, and I caught that down trend around london open for...
Keep reading brother - you'll get there - like you say it's all in the thread - every detail from start to finish.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #11,287
  • Nov 19, 2009 7:27pm Nov 19, 2009 7:27pm
Short @1.4894
  • #11,288
  • Nov 19, 2009 7:48pm Nov 19, 2009 7:48pm
Out -8 pips.
  • #11,289
  • Nov 20, 2009 1:21am Nov 20, 2009 1:21am
good morning!
"Even a million miles journey starts with one single step"
  • #11,290
  • Nov 20, 2009 1:23am Nov 20, 2009 1:23am
i am looking at
1.4936
1.4903
"Even a million miles journey starts with one single step"
  • #11,291
  • Nov 20, 2009 1:30am Nov 20, 2009 1:30am
Short 1.4905
Dance with the market .. I have two left feet
  • #11,292
  • Nov 20, 2009 1:31am Nov 20, 2009 1:31am
good morning
short 4906 BB play 2g+
it's a huge gap tony, a huge gap.
  • #11,293
  • Nov 20, 2009 1:31am Nov 20, 2009 1:31am
Good morning people. I am short 1.4905!
You wont survive without preserving!!!
  • #11,294
  • Nov 20, 2009 1:37am Nov 20, 2009 1:37am
Quoting narberth
Short 1.4905
out at be
Dance with the market .. I have two left feet
  • #11,295
  • Nov 20, 2009 1:45am Nov 20, 2009 1:45am
out -3
You wont survive without preserving!!!
  • #11,296
  • Nov 20, 2009 1:47am Nov 20, 2009 1:47am
Out -7
"Even a million miles journey starts with one single step"
  • #11,297
  • Nov 20, 2009 1:50am Nov 20, 2009 1:50am
Short at 4905..still holding..
  • #11,298
  • Nov 20, 2009 1:54am Nov 20, 2009 1:54am
GoodMorning All !
Waiting for short @ 4896 on EU....

My result over this week :

16/11 : +50
17/11 : -41
18/11 : -37
19/11 : -29

..still learning
  • #11,299
  • Nov 20, 2009 2:26am Nov 20, 2009 2:26am
GOOOOOOOOOOOOOOOOOOOD MORNING WORLD from the UK. Let's go for a run...
$urvive, Pre$erve & RESPECT THE TEACHER
  • #11,300
  • Nov 20, 2009 2:42am Nov 20, 2009 2:42am
wait for short at 4895
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