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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)

  • #11,321
  • Nov 20, 2009 4:11am Nov 20, 2009 4:11am
Not happy with PA stop to be
Dance with the market .. I have two left feet
  • #11,322
  • Nov 20, 2009 4:13am Nov 20, 2009 4:13am
Quoting skyline
out -7
re-entry short set @ 4890
exited +14 profit
re-entry short set @ 4862
  • #11,323
  • Nov 20, 2009 4:14am Nov 20, 2009 4:14am
Quoting mac1956
Hi DIm,

THis feedback given with respect and firendship, and in no sense do I claim to be right - we're all pioneers on this path.

Does every blue highlight represent a separate trade? If they are IMHO your trade 1 was inside a bracket and close to the top of it at 35/6 so was a hiding to nothing as an entry point.
Trade 2 reversal doesn't really come off a valid FCR - and fcr needs a bit of a loop - what you have there is a single bear candle but it doesn't have enough form.

So 1&2 were unnecessary losses - again only my opinion and I am...
Than k you for comments! I appreciate this well! I post my picture sure for this...

About first trade - for me ot was bracket breakout.
Second - fcr #2 for me..... price could easy drop down with mimentum (like everytime with fcr #2)...
3,4,5 - are testing levels.... 3- BB. 4-BB. 5 -123D..... like for me...
This is my explanation why I did these trades....
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  • #11,324
  • Nov 20, 2009 4:20am Nov 20, 2009 4:20am
Quoting skyline
exited +14 profit
re-entry short set @ 4862
good trade there sky!
  • #11,325
  • Nov 20, 2009 4:23am Nov 20, 2009 4:23am
Went to make coffe for my girlfriend and missed this one. oh well there will be a lot of trades to take. I have to say this Year tryed lots of systems with nice litle profits, but this one! I just love it! I dont need no indicators just the price!
Just Love it!!!
P.S Guys youre amazing Thank you for this one fell like i am trading now!
Lots of GREEN pips for you!
"Even a million miles journey starts with one single step"
  • #11,326
  • Nov 20, 2009 4:24am Nov 20, 2009 4:24am
Quoting dim4ik42
Than k you for comments! I appreciate this well! I post my picture sure for this...

About first trade - for me ot was bracket breakout.
Second - fcr #2 for me..... price could easy drop down with mimentum (like everytime with fcr #2)...
3,4,5 - are testing levels.... 3- BB. 4-BB. 5 -123D..... like for me...
This is my explanation why I did these trades....

Hi Dim,

Yup I get your reasoning. There was a HH before that that was formed by four consecutive candles - for me that was a bit of a warning - an old high high which I read as a bracket to be honest even though there was no space between them - a quad top in this time frame.

The second trade was not off a valid FCR in my opinion - your choice always of course...but I hear Fx say 'stick to the plan'...Lol. I think he might be a bit the worse for wear today (but I say no more)...paracetomol recommended! Lol
$urvive, Pre$erve & RESPECT THE TEACHER
  • #11,327
  • Nov 20, 2009 4:27am Nov 20, 2009 4:27am
Quoting highroller
good trade there sky!
Thx highroller !
  • #11,328
  • Nov 20, 2009 4:37am Nov 20, 2009 4:37am
still short from 1.4878 movin my stop to 1.4882 now above the fractal. Playing #1.
You wont survive without preserving!!!
  • #11,329
  • Nov 20, 2009 4:53am Nov 20, 2009 4:53am
Out brakeeven. New orders long 1.4884 short 1.4858.
You wont survive without preserving!!!
  • #11,330
  • Nov 20, 2009 4:58am Nov 20, 2009 4:58am
hi all,
down move missed,long order at 4885
Money is made by sitting, not trading. Jesse L. Livermore
  • #11,331
  • Nov 20, 2009 5:30am Nov 20, 2009 5:30am
Quoting dim4ik42
Than k you for comments! I appreciate this well! I post my picture sure for this...

About first trade - for me ot was bracket breakout.
Second - fcr #2 for me..... price could easy drop down with mimentum (like everytime with fcr #2)...
3,4,5 - are testing levels.... 3- BB. 4-BB. 5 -123D..... like for me...
This is my explanation why I did these trades....
hay dim
imho you did good on the 1st trad
i i don't think you souled care about that HH from 6 hour ago
2ed one is too close to the LL at 4909 (only 8 p)
3 and 4 i would do like you 2g+ no discount.
5 maybe you could play it like a-123D but still you need to play 2g+
i probably ended the same like you if i took it
i hope maybe fx will share his view on that subject
anyway good lack
it's a huge gap tony, a huge gap.
  • #11,332
  • Nov 20, 2009 5:45am Nov 20, 2009 5:45am
Quoting gevellber02
hay dim
imho you did good on the 1st trad
i i don't think you souled care about that HH from 6 hour ago
2ed one is too close to the LL at 4909 (only 8 p)
3 and 4 i would do like you 2g+ no discount.
5 maybe you could play it like a-123D but still you need to play 2g+
i probably ended the same like you if i took it
i hope maybe fx will share his view on that subject
anyway good lack

Thanks for your comments, bro!

I just not share my trades very often, but trade this way every day...... Not often i have had so many fakouts in the row for one day...... They pain me something.......

Thanks for support!
  • #11,333
  • Nov 20, 2009 5:58am Nov 20, 2009 5:58am
short 4860 BB2g+
it's a huge gap tony, a huge gap.
  • #11,334
  • Nov 20, 2009 6:02am Nov 20, 2009 6:02am
Quoting gevellber02
short 4860 BB2g+
Shorting with you 1.4859. Looks good so far.
You wont survive without preserving!!!
  • #11,335
  • Nov 20, 2009 6:08am Nov 20, 2009 6:08am
Quoting gevellber02
short 4860 BB2g+
i'm BE waiting to the next FCR to play 1
it's a huge gap tony, a huge gap.
  • #11,336
  • Nov 20, 2009 6:08am Nov 20, 2009 6:08am
Short from 4859 also, where is everyone's stop now? Moved mine to 4867, bit above the FCR
  • #11,337
  • Nov 20, 2009 6:09am Nov 20, 2009 6:09am
Quoting dim4ik42
Thanks for your comments, bro!

I just not share my trades very often, but trade this way every day...... Not often i have had so many fakouts in the row for one day...... They pain me something.......

Thanks for support!
My trade also coloured by many fakeout .
I have almost the same trade as you took Dim.

I remember what Feb did, when this kind moment happen
Let's cry together Buah .... buahh... lol

Mulyadi
  • #11,338
  • Nov 20, 2009 6:11am Nov 20, 2009 6:11am
Quoting gevellber02
i'm BE waiting to the next FCR to play 1
+42 at the moment. Ill be waiting for a level but I am locking in +20. hard stop at 1.4840
You wont survive without preserving!!!
  • #11,339
  • Nov 20, 2009 6:14am Nov 20, 2009 6:14am
downmove missed again
Money is made by sitting, not trading. Jesse L. Livermore
  • #11,340
  • Nov 20, 2009 6:15am Nov 20, 2009 6:15am
Quoting skris
Short from 4859 also, where is everyone's stop now? Moved mine to 4867, bit above the FCR
hay
IMHO after a run like that you can move your SL to BE and wait for a retrace
and a new FCR to be formed and than move your SL above it and play 1
good luck
it's a huge gap tony, a huge gap.
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