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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)

  • #12,021
  • Dec 1, 2009 4:12am Dec 1, 2009 4:12am
Short 1.5058 stopped out 1.5071 -13. New orders long 1.5080 short 1.5054.
You wont survive without preserving!!!
  • #12,022
  • Dec 1, 2009 4:15am Dec 1, 2009 4:15am
Quoting coronajazz
Thanks elizo!

I think I got it. But I will put it in my words here and please add just one your comment to see if I am on a right page.

So I am in a long trade and it shoots +25 pips for a semi fakeout. Then it starts to fall down slowly to +22, 20, 15, 12 and it stalls. Now this...
Absolutely yes. And don't forget to check speed and momentum if it comes back. Remember, we are here for runners. When facing the 1st swing for +15/+20 we may face semi fakeouts. We have to give them room to develope, check the line where we set our entry point and if it's not damaged, wait for additional tries at highs... then apply your expectancy.

Hope it helps...
  • #12,023
  • Dec 1, 2009 4:15am Dec 1, 2009 4:15am
Quoting iak
to bail or not to bail! what are peoples thoughts?

I should have bailed out at 64/65 ... however my hope factor has left me in the trade and now instead of looking at a 6 pip loss am potentially looking at a 20 pip loss. Its all cool baby , the price to learn.

Today have learnt how not to miss a runner, and how to stop short.
  • #12,024
  • Dec 1, 2009 4:15am Dec 1, 2009 4:15am
Quoting coronajazz
Thanks elizo!

I think I got it. But I will put it in my words here and please add just one your comment to see if I am on a right page.

So I am in a long trade and it shoots +25 pips for a semi fakeout. Then it starts to fall down slowly to +22, 20, 15, 12 and it stalls. Now this (+12) is not a fcr until the price goes back close to the peak (+25) giving me oportunity to play #1 (close it or let it go through whatever is in line with the expectancy). It is now, since I had my chance to play #1 (market went up to the peak level), that the low...
Hi Corona...

When you look for a valid FCR, especially for reversing your position, apart from close a trade, you should look for a loop..

A clear one....
but that doesn't mean that price has to reach the HH again, sometimes it doesn't and there is when you have your FCR1 in place for reversing...

Hope it helps...
  • #12,025
  • Dec 1, 2009 4:17am Dec 1, 2009 4:17am
Quoting iak
to bail or not to bail! what are peoples thoughts?
Market told you... ;-)

Now inside a bracket, waiting both sides to test the waters.
  • #12,026
  • Dec 1, 2009 4:19am Dec 1, 2009 4:19am
Quoting DesertFX
I should have bailed out at 64/65 ... however my hope factor has left me in the trade and now instead of looking at a 6 pip loss am potentially looking at a 20 pip loss. Its all cool baby , the price to learn.

Today have learnt how not to miss a runner, and how to stop short.
It is very important to learn every single day and from every single deal and every single mistake we do.....
That is the valid learning process for all of us....

A good defense wins championships..... lol...
  • #12,027
  • Dec 1, 2009 4:19am Dec 1, 2009 4:19am
Quoting DesertFX
I should have bailed out at 64/65 ... however my hope factor has left me in the trade and now instead of looking at a 6 pip loss am potentially looking at a 20 pip loss. Its all cool baby , the price to learn.

Today have learnt how not to miss a runner, and how to stop short.
Stopped out - 20

Summary

-8
-7.5
0
-20

Total = -35
  • #12,028
  • Dec 1, 2009 4:20am Dec 1, 2009 4:20am
Quoting jplo
It is very important to learn every single day and from every single deal and every single mistake we do.....
That is the valid learning process for all of us....

A good defense wins championships..... lol...
Cheers bro
  • #12,029
  • Dec 1, 2009 4:21am Dec 1, 2009 4:21am
Quoting DesertFX
I should have bailed out at 64/65 ... however my hope factor has left me in the trade and now instead of looking at a 6 pip loss am potentially looking at a 20 pip loss. Its all cool baby , the price to learn.

Today have learnt how not to miss a runner, and how to stop short.
This is exactly my problem too.
  • #12,030
  • Dec 1, 2009 4:22am Dec 1, 2009 4:22am
Stopped out -12
"Even a million miles journey starts with one single step"
  • #12,031
  • Dec 1, 2009 4:24am Dec 1, 2009 4:24am
Elizo and Jplo!

Thanks!

You are great teachers!
You wont survive without preserving!!!
  • #12,032
  • Dec 1, 2009 4:25am Dec 1, 2009 4:25am
I see Sir Mac is in da house. How are you today sir?

Long order triggered 1.5080.
You wont survive without preserving!!!
  • #12,033
  • Dec 1, 2009 4:25am Dec 1, 2009 4:25am
Just gone long at 1.5080 ... BB break ... playing #2g
  • #12,034
  • Dec 1, 2009 4:29am Dec 1, 2009 4:29am
Quoting coronajazz
Elizo and Jplo!

Thanks!

You are great teachers!
LOL.... I'm not a teacher whatsoever... only an student like you and others.....

Long triggered at 79.5
  • #12,035
  • Dec 1, 2009 4:30am Dec 1, 2009 4:30am
Hi McDaddy..............

How is your shoulder buddy???

We need one of your amazing posts.....
  • #12,036
  • Dec 1, 2009 4:36am Dec 1, 2009 4:36am
Quoting jplo
Dim, take a look at this link for clarifying yourself...

http://www.forexfactory.com/showpost...postcount=9726
Thank you, bro, for help!!!! Yes I know this post.... it is graved in my mind...

The problem lies in onother thing.... I think I can no more see this set ups on the chart in real time... For exemple yesterday... i have seen very lot of set ups, but later, I recognize that they was mostly wrong.....

But, I will do it still!!!!! I will follow the plan!

if you look at my yesterday's chart - what is your opinion? - I think wrong entries were mostly in range (I mean in brackets).... Am I right?
  • #12,037
  • Dec 1, 2009 4:37am Dec 1, 2009 4:37am
Quoting DesertFX
Just gone long at 1.5080 ... BB break ... playing #2g
-8

Summary

-8
-7.5
0
-20
-8

Total = -43.5
  • #12,038
  • Dec 1, 2009 4:44am Dec 1, 2009 4:44am
Slow .bailing out there at -5. reentry in place.
You wont survive without preserving!!!
  • #12,039
  • Dec 1, 2009 4:53am Dec 1, 2009 4:53am
Quoting PlasmaxGT
Hi Dim,

That area looks to be like a retracement. Why do you classify as FCR?
It was something wrong in my head may be... lol....

Yes, it was retracement, but in future, if the market will go down - then this level woud be fcr..... I think so.... May be I wrong even now...
  • #12,040
  • Dec 1, 2009 5:09am Dec 1, 2009 5:09am
BB forming ......... 1.5068 / 1.5085
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