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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)

  • #11,901
  • Nov 30, 2009 7:51am Nov 30, 2009 7:51am
fxa trade update... 0-3 for -$9,600.00.. nice going, no unfamiliar territory for me.. acutally just begining to get my grove on..


long order above 5041.. short order below 5010..
  • #11,902
  • Nov 30, 2009 7:53am Nov 30, 2009 7:53am
Good afternoon everyone!

I wasnt able to trade London session today. I just sat on my trading desk to catch some of the us action if we get some.

Greetings everyone!
Coronajazz
You wont survive without preserving!!!
  • #11,903
  • Nov 30, 2009 7:56am Nov 30, 2009 7:56am
Quoting fxachilies
fxa trade update... 0-3 for -$9,600.00.. nice going, no unfamiliar territory for me.. acutally just begining to get my grove on..


long order above 5041.. short order below 5010..
Exactly with you here... I can hear the pop corn starting to jump...
  • #11,904
  • Nov 30, 2009 8:06am Nov 30, 2009 8:06am
Fx?

From the action earlier today. Because since I started trading live here I ve never experienced this kind of situation.

Is this the situation when we do not try to play #1, by living more room to a trade, but look to get out as fast as possible at BE or small loss. You and Feb are talking about this kind of PA several times. This one would obviously hit our hard stop (in hindsight).
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You wont survive without preserving!!!
  • #11,905
  • Nov 30, 2009 8:10am Nov 30, 2009 8:10am
Gone short 1.5008 ... playing 2g# defensive
  • #11,906
  • Nov 30, 2009 8:12am Nov 30, 2009 8:12am
Quoting fxachilies
fxa trade update... 0-3 for -$9,600.00.. nice going, no unfamiliar territory for me.. acutally just begining to get my grove on..


long order above 5041.. short order below 5010..

FX did i misread the BB .... as was expecting the upside around 1.5083 ?
  • #11,907
  • Nov 30, 2009 8:14am Nov 30, 2009 8:14am
Hi guys,

I'm short now at 1.5009

Play 2G+
  • #11,908
  • Nov 30, 2009 8:34am Nov 30, 2009 8:34am
Quoting DesertFX
Gone short 1.5008 ... playing 2g# defensive
are we in for a runner??
  • #11,909
  • Nov 30, 2009 8:36am Nov 30, 2009 8:36am
Doubt it, news in 10mins, just stopped out of 1.5009 for -3
  • #11,910
  • Nov 30, 2009 8:48am Nov 30, 2009 8:48am
Quoting coronajazz
Fx?

From the action earlier today. Because since I started trading live here I ve never experienced this kind of situation.

Is this the situation when we do not try to play #1, by living more room to a trade, but look to get out as fast as possible at BE or small loss. You and Feb are talking about this kind of PA several times. This one would obviously hit our hard stop (in hindsight).
that situation is a total fakeout.. so #1 play never even comes into consideration.. so G+ in cure there.. i lost 12pips on that one myself..

so first thing is first and that is to recognize the position dealt.. is it a F or SF?.. once thats recongnized, then u play accordingly..
normally if i fall into a Sf play then the most i'll lose is just the money on the table and finish off with a BE and rarely lose 5-10 pips or so when price turns on me too quickly with major speed and crushes the levelline.
  • #11,911
  • Nov 30, 2009 8:48am Nov 30, 2009 8:48am
Quoting DesertFX
are we in for a runner??
out -10 pips ))

not my day today
  • #11,912
  • Nov 30, 2009 8:59am Nov 30, 2009 8:59am
SL hit. -9.2 pips

I'm thinking if, there is no speed and rhythm, I could have close my position. Even see a doji candle formed.
  • #11,913
  • Nov 30, 2009 9:00am Nov 30, 2009 9:00am
another -3... $10,500.00

now looking to go long on 123 off the new session..

long order above 5023..
  • #11,914
  • Nov 30, 2009 9:16am Nov 30, 2009 9:16am
Quoting fxachilies
another -3... $10,500.00

now looking to go long on 123 off the new session..

long order above 5023..
FX ... Did I misread the BB this mrng? Was it too wide a range?
  • #11,915
  • Nov 30, 2009 9:16am Nov 30, 2009 9:16am
Quoting fxachilies
that situation is a total fakeout.. so #1 play never even comes into consideration.. so G+ in cure there.. i lost 12pips on that one myself..

so first thing is first and that is to recognize the position dealt.. is it a F or SF?.. once thats recongnized, then u play accordingly..
normally if i fall into a Sf play then the most i'll lose is just the money on the table and finish off with a BE and rarely lose 5-10 pips or so when price turns on me too quickly with major speed and crushes the levelline.
Sorry for that!

I was looking only visualy and on the chart it looked to me as it went 10-12 pips pass the entry, but after your post I looked closely and it was only 3-4 pips in the positive before it faked out.
You wont survive without preserving!!!
  • #11,916
  • Nov 30, 2009 9:16am Nov 30, 2009 9:16am
Quoting DesertFX
out -10 pips ))

not my day today
Nobody's's day today,

I'm testing this first opportunitty after NY stock open off the 123S.. after a lot of fakes.....

Let's see how it goes
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  • #11,917
  • Nov 30, 2009 9:17am Nov 30, 2009 9:17am
Quoting fxachilies
another -3... $10,500.00

now looking to go long on 123 off the new session..

long order above 5023..

Hi FX,

Can you share how you get out at -3 only?
  • #11,918
  • Nov 30, 2009 9:21am Nov 30, 2009 9:21am
Quoting jplo
Nobody's's day today,

I'm testing this first opportunitty after NY stock open off the 123S.. after a lot of fakes.....

Let's see how it goes
I am long there too. It is pulling back now. Lets see how deep.
You wont survive without preserving!!!
  • #11,919
  • Nov 30, 2009 9:27am Nov 30, 2009 9:27am
the end of the month blues.....oh yeah baby..

traders are either counting their benjamin's or licking their wounds.....

The last day of a month is for bounty assessment - the first day(s) of the month is like, none want to be in front of the line....

ah the markets!!!!! human behavior at it's finest!!!
Peace
  • #11,920
  • Nov 30, 2009 9:31am Nov 30, 2009 9:31am
Quoting jplo
Nobody's's day today,

I'm testing this first opportunitty after NY stock open off the 123S.. after a lot of fakes.....

Let's see how it goes

Thanks mate ... makes me feel I am not the only one.
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