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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)

  • #11,601
  • Nov 24, 2009 3:29am Nov 24, 2009 3:29am
Quoting fxachilies
my opnion is always.. i only stay out the majors..

rest of the time i only go with my setups..

i take look at the calendar once in the morning.. if there are any majors i market in my chart, if not then i just go as normal..

major news to me are.. nfp, rates announcment, major speaches, sometimes trade balance or there is some type of hype over a some news for some whatever reason.. (i got my bloomberg open at all times)


ps) by the way just preserved +9 pips on this last long trade..

Thanks - that list is now up on my office wall!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #11,602
  • Nov 24, 2009 3:30am Nov 24, 2009 3:30am
Quoting iak
Thanks mac will take a look. what about all that stuff paul langham said about spread betting though?

I ignored it ----someone else's rant.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #11,603
  • Nov 24, 2009 3:34am Nov 24, 2009 3:34am
Quoting mac1956
I ignored it ----someone else's rant.
lol, ok mate will defo take a look
  • #11,604
  • Nov 24, 2009 3:34am Nov 24, 2009 3:34am
Out +10
You wont survive without preserving!!!
  • #11,605
  • Edited 4:13am Nov 24, 2009 3:41am | Edited 4:13am
Quoting iak
lol, ok mate will defo take a look

When we make more than 20K a year at this the tax efficiency of the profits makes it worth an added 25% (ish) - kerching.

When we are making 100K a year we're looking at avoiding the higher tax brackets - no brainer really.

If we get to anything close to Fx's performance - we're laughing at Customs and Revenue all the way to the bank!!! And we can choose to decide what we support withour profits...rather than paying for more civil servants new cars every year we can help people who need it! NICE.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #11,606
  • Nov 24, 2009 3:41am Nov 24, 2009 3:41am
out +20,waiting for the next break...
Money is made by sitting, not trading. Jesse L. Livermore
  • #11,607
  • Nov 24, 2009 3:43am Nov 24, 2009 3:43am
Quoting sam69
out +20,waiting for the next break...
nice going!
  • #11,608
  • Nov 24, 2009 3:44am Nov 24, 2009 3:44am
Quoting sam69
out +20,waiting for the next break...

Sam - you r my hero! That was off the long with a deep retrace...you held it....you got payback...excellent trade.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #11,609
  • Nov 24, 2009 3:51am Nov 24, 2009 3:51am
Quoting iak
nice going!
thaks guys!,and you've made what i am now,newbie on his way to become a fx-trader!,i'm very proud of you all!
Money is made by sitting, not trading. Jesse L. Livermore
  • #11,610
  • Nov 24, 2009 4:34am Nov 24, 2009 4:34am
Amazing guys,

it's great to see this thread most lively than ever. Lots of newbies doing good things, lots of people helping each other... and FX repeating the mantra tireless.

It's great to be here.

You are making difficult to follow the thread! I've been out for a while and now it's tough to follow. But that's good news.

Keep on pushing, guys! Congrats to all. And as usual, thank you FX.
  • #11,611
  • Nov 24, 2009 4:46am Nov 24, 2009 4:46am
Long from 1.4924 but got to go out for 1 hour Options to close or leave with ts or tp target Any advice?
Dance with the market .. I have two left feet
  • #11,612
  • Nov 24, 2009 4:48am Nov 24, 2009 4:48am
Another easy +21 G/U Short 1.6526 TP 1.6505
  • #11,613
  • Nov 24, 2009 4:52am Nov 24, 2009 4:52am
Quoting narberth
Long from 1.4924 but got to go out for 1 hour Options to close or leave with ts or tp target Any advice?
Decision made hard stop at 1.4939 (below last retrace) 15 pip trailing stop in place

See you all later Good Luck
Dance with the market .. I have two left feet
  • #11,614
  • Nov 24, 2009 5:00am Nov 24, 2009 5:00am
hi guys.. i am back from lunch and well into profit.. i feel like macdaddy now.. he makes cash while he is sleeping and me out eating.. gotta love it..

guys i want to apologize for misspelling and miss words in my posts.. i try to get them out sometimes in a quick timely manner while taking care of my trades at the same time, so i type fast.. so I just wanted to make clear of this.. if there confusing at times feel free to let me know.

thread is so alive and kicking.. i love it.. we always got atleast 20 silent watchers.. lol.. i wonder who they are.. .. i can name a few for certain.. lol..
thats cool, as long as they are profitable.. no worries about giveing back...
good karma to all.
  • #11,615
  • Nov 24, 2009 5:10am Nov 24, 2009 5:10am
ok guys,
mrs.market cannot decide wich way and me too,however some people can make money during sleeptime and others by eating,maybe i can make it during bath,so i go to take a bath ...,btw. my buy order @4963 and sell order @4935
Money is made by sitting, not trading. Jesse L. Livermore
  • #11,616
  • Nov 24, 2009 5:16am Nov 24, 2009 5:16am
I am a silent watcher , I dont trade eur anymore so cant contribute but I certiantly trade this method ,
Quoting fxachilies
hi guys.. i am back from lunch and well into profit.. i feel like macdaddy now.. he makes cash while he is sleeping and me out eating.. gotta love it..

guys i want to apologize for misspelling and miss words in my posts.. i try to get them out sometimes in a quick timely manner while taking care of my trades at the same time, so i type fast.. so I just wanted to make clear of this.. if there confusing at times feel free to let me know.

thread is so alive and kicking.. i love it.. we always got atleast 20 silent watchers.. lol.. i wonder who...
Survive and Preserve
  • #11,617
  • Nov 24, 2009 5:19am Nov 24, 2009 5:19am
I have no idea where to put my orders at this market. Choppy but one direction move without any bump. I ll sit on my hands and wait for something to develop.
You wont survive without preserving!!!
  • #11,618
  • Nov 24, 2009 5:26am Nov 24, 2009 5:26am
Fxahilies, brother!

I have question about #1 play.

Today I did see a possibility to exit with #1 near 4933 (during long down move), because (my explanation about my decision) price touched 4928 one time, and then after little retrace to 4940 price touched 4928 again, with little momentum, without energy, and bounced again. Here I did play #1 immediately.
It gave me +12 pips as I said then. But. All facts now (power of hindsight!!!) talk about - this was wrong decision, and I have to wait some more time. But If price after 2-nd bounce cross 4938 area - this would be not right #1 play.

so..... something is wrong for me...
  • #11,619
  • Nov 24, 2009 5:33am Nov 24, 2009 5:33am
Quoting en0x
I am a silent watcher , I dont trade eur anymore so cant contribute but I certiantly trade this method ,

i am not talking about you Chris... i am talking about the afew that hiding behind the curtains.. lol.. we know who they are..
they deserve a shout out for there family imitation..
  • #11,620
  • Nov 24, 2009 5:37am Nov 24, 2009 5:37am
Quoting coronajazz
I have no idea where to put my orders at this market. Choppy but one direction move without any bump. I ll sit on my hands and wait for something to develop.

i got a short order at 36... this one is called fcccccr.. lol
with G+ at helm..
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