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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)

  • #12,541
  • Dec 11, 2009 3:52am Dec 11, 2009 3:52am
stop moved 1.4755
  • #12,542
  • Dec 11, 2009 3:56am Dec 11, 2009 3:56am
Quoting Stoffer
when its ranging like this, yes
If Fx was around you would have been beaten up for this.

My opinion is that for the sake of the thread`s integrity you should not post trades that are not taken according to the plan.

I have nothing against anyone but it is for the best of the thread.

What do others think?
You wont survive without preserving!!!
  • #12,543
  • Dec 11, 2009 4:00am Dec 11, 2009 4:00am
Quoting coronajazz
If Fx was around you would have been beaten up for this.

My opinion is that for the sake of the thread`s integrity you should not post trades that are not taken according to the plan.

I have nothing against anyone but it is for the best of the thread.

What do others think?
I second that - only confuses matters
Its what Feb and FX have warned against - if trading isn't working out as expected DON'T start using anothert system - stick to the plan!
  • #12,544
  • Dec 11, 2009 4:00am Dec 11, 2009 4:00am
Quoting coronajazz
If Fx was around you would have been beaten up for this.

My opinion is that for the sake of the thread`s integrity you should not post trades that are not taken according to the plan.

I have nothing against anyone but it is for the best of the thread.

What do others think?
Agreed.
Taking the trade before the breakout is just gambling as well as contrary to the threads directions
  • #12,545
  • Dec 11, 2009 4:06am Dec 11, 2009 4:06am
Quoting coronajazz
If Fx was around you would have been beaten up for this.

My opinion is that for the sake of the thread`s integrity you should not post trades that are not taken according to the plan.

I have nothing against anyone but it is for the best of the thread.

What do others think?
maybe if I keep rambling it will encourage him to come back!

I miss him alot and would love him to give me a damn good kicking

understand if people want me shut up with any off plan stuff

just last couple of days have been tough and the pullback approach has helped

Chris
  • #12,546
  • Dec 11, 2009 4:10am Dec 11, 2009 4:10am
This is where discipline comes in. You will never gain confidence in your trading if you start second-guessing the strategy. You just have to stick it out.
Better not trade if the picture is unclear than chase the market in pursuit of pips.
  • #12,547
  • Dec 11, 2009 4:12am Dec 11, 2009 4:12am
I agree with you here guys....

1. If you wait for a 123 formation after the breakout of the range, it could be ok, but then, you need to wait till the new HH is hitted again + 2, 3 pips + spread, otherwise you would be forcing the future because we never know what price is gonna do when it is retracing...

2. You have to know as well that Price could break in anger for xxxxx pips before giving 123 formation, so is up to you the choice to be taken...
Remember as well, that for the BB breakout you have #2G+ to protect you is case a nasty fake with only a little damage....

only MHO, hope it helps...
  • #12,548
  • Dec 11, 2009 4:32am Dec 11, 2009 4:32am
long order 1.4772
  • #12,549
  • Dec 11, 2009 4:37am Dec 11, 2009 4:37am
Pushed thru the HH nicely, stop to 1.4765, locking in +10, will be +2 for the day if stopped out and done for the week. Happy trading all
  • #12,550
  • Dec 11, 2009 4:41am Dec 11, 2009 4:41am
Quoting jplo
I agree with you here guys....

1. If you wait for a 123 formation after the breakout of the range, it could be ok, but then, you need to wait till the new HH is hitted again + 2, 3 pips + spread, otherwise you would be forcing the future because we never know what price is gonna do when it is retracing...

2. You have to know as well that Price could break in anger for xxxxx pips before giving 123 formation, so is up to you the choice to be taken...
Remember as well, that for the BB breakout you have #2G+ to protect you is case a nasty fake...
Thank you jplo. Nice overview!

Waiting for 123 after a wide and especially long bracket is a smart idea in my opinion. And it is according to the plan. If the brakeout does not give you retrace for a long time I would only look for a FCR to the other side.

But I will not wait for 123 when the bracket is narrow. BB entry is a must.
You wont survive without preserving!!!
  • #12,551
  • Dec 11, 2009 4:46am Dec 11, 2009 4:46am
Finally a little development on the price action. Order short now 1.4747.
You wont survive without preserving!!!
  • #12,552
  • Dec 11, 2009 5:41am Dec 11, 2009 5:41am
out -10
  • #12,553
  • Dec 11, 2009 5:55am Dec 11, 2009 5:55am
you guys are gonna have a rocky morning!...buckle up...
Peace
  • #12,554
  • Dec 11, 2009 6:24am Dec 11, 2009 6:24am
Quoting mac1956
No matter how things change this thread contains all the jewels you will need - even if nobody ever posted again. It's history and back story constitute the best soap opera you could ever hope for.

When the movie is made - FOR BLOOD AND PROFIT
Antony Hopkins will play Feb (resolved, calm - a man on a mission the success of which amazes him - revered yet humble - that glint of amused knowing shining in his eyes - a bit like God but in the movie we'll have to give him a reassuring alcohol problem) ,
Mel Gibson (on speed) will play Fx - (relentlessly...

Mac,

...........you are too much! Listen....... true to my existential bent I will let Sir Laurence Olivier represent you in this drama.....the greatest actor of the 20th century to interpret Shakespeare's four tragedies: Hamlet, Othello, Macbeth and King Lear! ......and yes comedies too!.... especially All's Well That Ends Well.

Thank you for your humorous antidote!

.
Unus pro omnibus, omnes pro uno
  • #12,555
  • Dec 11, 2009 7:34am Dec 11, 2009 7:34am
Can anyone explain if the ranging we've currently seeing normally occurs at this time of year? If so, when in the New Year can we expect the market to get back to normal?

The novelty of sitting on my hands is starting to wear a bit thin...as are my hands!
  • #12,556
  • Dec 11, 2009 7:43am Dec 11, 2009 7:43am
Quoting ready
Can anyone explain if the ranging we've currently seeing normally occurs at this time of year? If so, when in the New Year can we expect the market to get back to normal?

The novelty of sitting on my hands is starting to wear a bit thin...as are my hands!
Why you sit on your hands? We had an entry at 1.4747. The news was not a major or speaking clown.
You wont survive without preserving!!!
  • #12,557
  • Dec 11, 2009 7:50am Dec 11, 2009 7:50am
Short entry 1.4747 stopped out at brakeeven.

If I had a dime for every pip I left on table this week

Have to stick to the plan though, its just another playing with my mind game market is trying to do.

I guess this is the BLOOD part of the movie title, Mac?
You wont survive without preserving!!!
  • #12,558
  • Dec 11, 2009 7:54am Dec 11, 2009 7:54am
Quoting ready
Can anyone explain if the ranging we've currently seeing normally occurs at this time of year? If so, when in the New Year can we expect the market to get back to normal?

The novelty of sitting on my hands is starting to wear a bit thin...as are my hands!
As I understand it for there to be committed movement there have to be big players around to defeat the opposition who want the price to go in the other direction. The whole thing is designed to take your money - because that makes profit for the guys who get their way and who make the big bucks. Feb calls 'em the sharks - no sharks, no momentum. We are swimming with the sharks...but where are they????? - oooohhhh, Scarey Mary - so all this dickering around with the price is somebody elses' game plan. But the big guns can go elsewhere in December sometimes and leave us holding the shop - shopping, champagne, gold.

Run hunters need momentum... when there isn't any, or the chop monster breathes fire from his cave...maybe time to write your Christmas cards before you lose all manual sensation, or dance with death using all the power of the System II tools to exercise your muscles and hope someone hits a big button.


Just my view...from Starbucks....mmmm....latte...and panini....and a rather nice blonde woman struggling with her computer....back in a minute...
$urvive, Pre$erve & RESPECT THE TEACHER
  • #12,559
  • Dec 11, 2009 8:01am Dec 11, 2009 8:01am
I ve been stopped out for only 1 pip and then it goes 50 pips in my direction next 10 minutes.
You wont survive without preserving!!!
  • #12,560
  • Dec 11, 2009 8:03am Dec 11, 2009 8:03am
I'm amazed at my own power!!! As I type about lack of movement it drops 50 points. That's my membership to X-Men confirmed.
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