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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)

  • #11,921
  • Nov 30, 2009 9:39am Nov 30, 2009 9:39am
Feb!

Anxious about the class!!!

Not pushing though!
You wont survive without preserving!!!
  • #11,922
  • Nov 30, 2009 9:40am Nov 30, 2009 9:40am
Quoting feb2865
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!!!
'morning Feb,
I do hope your feeling better. Please take care of yourself.
d
  • #11,923
  • Nov 30, 2009 9:43am Nov 30, 2009 9:43am
Quoting DesertFX
Thanks mate ... makes me feel I am not the only one.
Yep, there are some others too

SL @ 5026, so free ride for me now
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  • #11,924
  • Nov 30, 2009 9:45am Nov 30, 2009 9:45am
LOL..... out just when I was posting....
  • #11,925
  • Nov 30, 2009 9:47am Nov 30, 2009 9:47am
Stopped out from long at 1.5025 for +4 and reversing short.
You wont survive without preserving!!!
  • #11,926
  • Nov 30, 2009 9:56am Nov 30, 2009 9:56am
out for -2 from the long..
short nowwwwwwwww...


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  • #11,927
  • Nov 30, 2009 10:02am Nov 30, 2009 10:02am
Run baby, ruuuuuuuuuuuuun!!!!!
You wont survive without preserving!!!
  • #11,928
  • Nov 30, 2009 10:09am Nov 30, 2009 10:09am
... and i am in this trade not from 5025.... because I was in long trade and did give it room to develop there..... bad for me.....

May be I have to learn to spot my entery-places better.....

See chart
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  • #11,929
  • Nov 30, 2009 10:16am Nov 30, 2009 10:16am
Not the proper exit, but couldn't resist putting some pips in the bank.
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  • #11,930
  • Nov 30, 2009 10:23am Nov 30, 2009 10:23am
out +16. Long order 1.5019
You wont survive without preserving!!!
  • #11,931
  • Nov 30, 2009 10:37am Nov 30, 2009 10:37am
Shaken out from the runner cause I was weak.

I wanna cry now.

Fx, others, are you still in?
You wont survive without preserving!!!
  • #11,932
  • Nov 30, 2009 10:40am Nov 30, 2009 10:40am
ok... out for +41...



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  • #11,933
  • Nov 30, 2009 10:57am Nov 30, 2009 10:57am
so before this trade i keept u guys updated on my trades
i was 0-5 for -37pips down $11,100..

now 1-5 for +4 pips up $1,200..
hit ratio?... oh forget it.. lol.. u know the story..


listen guys... price will go on a run sooner or later... if it had not today, I would not had sweat it on bit.. or the next day or day after.. i would sleep like a baby each night.. and the next day i attack the same way..
I will get my runner sooner or later and i will max out profit out of it one way or another..

I am out..
going to dinner with my girl..

I back at my quiet time if u have any questions..
  • #11,934
  • Nov 30, 2009 11:45am Nov 30, 2009 11:45am
Ok I was doing fine on the long trade from 5016 - waited patently and watched as price got up to 5040 - I had moved my stop to 5028 and was thinking price would retest the high giving me a #1 exit or a runner. I closed out at 5035. A breach of the of the support at 5036 and a touch of my fear based trading.

I see many of you took the trade from 5025 down - I did not see the FCR at 5028 because I was focused on the long trade I was in. My question is how did you let go of the long so easily and reverse the trade on what I consider at best a weak FCR2?

I am working on distinguishing when to let go of a trade and when to reverse it. I find that I have tunnel vision when I am in a trade. This may have been covered on another post, like when FCR's where first introduced, though I don't remember it. If it is on another post just say so and I will do what I have too to find it instead of wasting time going over it again at this point in the thread. This may also just fall into the realm of quiet time looking at the charts looking at PA.
I make money anywhere in the world by taking orders
  • #11,935
  • Nov 30, 2009 12:03pm Nov 30, 2009 12:03pm
I can say for myself, I took the reversal because of the small fcr and the strong price action down.

Quoting SedonaPipper
Ok I was doing fine on the long trade from 5016 - waited patently and watched as price got up to 5040 - I had moved my stop to 5028 and was thinking price would retest the high giving me a #1 exit or a runner. I closed out at 5035. A breach of the of the support at 5036 and a touch of my fear based trading.

I see many of you took the trade from 5025 down - I did not see the FCR at 5028 because I was focused on the long trade I was in. My question is how did you let go of the long so easily and reverse the trade on what I consider at best a weak...
  • #11,936
  • Nov 30, 2009 12:09pm Nov 30, 2009 12:09pm
Quoting SedonaPipper
Ok I was doing fine on the long trade from 5016 - waited patently and watched as price got up to 5040 - I had moved my stop to 5028 and was thinking price would retest the high giving me a #1 exit or a runner. I closed out at 5035....
The market is the master of playing games with your mind. I agree. This entries are the hardest to spot, because of the misleading green candles, and even the followthrough (break of 1.5036 to the upside). It makes you think it is all about the bulls now and then sudenly boom...

I am not trying to teach you or anything. I struggle the most with these too. But maybe just because they are so hard to spot and execute, most of the time they pay off the best. I dont know.

I dont think you will be able to train these entries on historical data (charts in hindsight). You have plenty of time there, and the money is not on the line, sure you will see them (most of the time I do), but still have trouble when live.
You wont survive without preserving!!!
  • #11,937
  • Nov 30, 2009 12:20pm Nov 30, 2009 12:20pm
Quoting DesertFX
Understood ..... howver if look at the price action prior to that you will realise price has been in a range for the better part of 6 hours .... so what you did is a natural error by looking at an FCR within a BB .... again this is my humble opinion ....

I went short with the lower BB break .... that proved to be a fakeout .... I played 2g# and got out with -12 pips .... I am loooking to re-enter at 1.5018 on the downside .... with my upside level remaining 1.5087.
My friend I am not sure if I called this right ... I am still learning.
  • #11,938
  • Nov 30, 2009 12:59pm Nov 30, 2009 12:59pm
Quoting SedonaPipper
Ok I was doing fine on the long trade from 5016 - waited patently and watched as price got up to 5040 - I had moved my stop to 5028 and was thinking price would retest the high giving me a #1 exit or a runner. I closed out at 5035....
For what it worths, it happened to me something similar... so yes, you have to be aware. I was absolutely disguised with so many bullish candles and greed. No probs, a shitty day finished with... -4, and I quit trading 2 hours ago. Again, this is a great methodology that keeps you BE or with minor losses on shitty days (even missing the only big bus for the day!) The only thing you have to do is stick to the plan and all that this assesment involves.

There is always a tomorrow (I hope so...)
  • #11,939
  • Nov 30, 2009 1:17pm Nov 30, 2009 1:17pm
I am back from my studies :nerd: What a day today. I had only 3 trades in the morning all three ar lossing so day too. but i'm veary happy coz i have only few pips in loose becouse sticking to the plan (all three played #g2 ) and the runner will come to me maby tomorrow.You know today i finaly realized that i am a bit abnormal and that brings me only few bucks of loose.Two months ago in trades like this i would loose much more than today so i am progressing with your help.Thank you!
"Even a million miles journey starts with one single step"
  • #11,940
  • Nov 30, 2009 2:49pm Nov 30, 2009 2:49pm
Hi my friends!!!

Here I post my chart with today's trades.

11 trades (OMG!!! lol...) 1 winning - 10 losses.... Shit!
But...
I did enter every my trade without fear... every time today. Honestly, I do worry of course about my money (in losing trades), and it make me still some pain such days like this.... My winning trades did not cover my losing today.... BUT, I have to say you all, that with some practice, such days like this (losing for me) do not make me so much pain like some months ago... This is what I want to say all newbies here.... Of course - I made a lot of mistakes today, one time some emotions did make me some not quiet.... But... I trade the plan.

and now, I want to ask you all... yes. I want to do it. Here is the thing.
Now because of the fearlessly trading, I have some sort of "sickness" to enter very-very often and very lot during the trading day. Now I see too many levels, BB's, 123's and FCR's.....too many trading opportunities....

I think this is some sort of "crazy behavior" of me.

Buddy Fxahilies!

I think some sort of your wisdom point will be good for some "without brake"-guy like me now....
I will very appreciate your point here. If you see - now in my trading are:
1. Trading every valid shot (in my opinion)...
2. Fearlessly enteries...
3. Runner mentality (you can see it on that long trade in NY session, when I did give that long trade too much room, not jump out too early (in my opinion), and not take short trade at valid time on reverse at valid FCR)....

..... I still need your opinion.... if am I on the right path?????


Thank you!!!!
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