The System II (Yes with irony) | Page 638 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

We all need pivots to win..yes or not? 13 replies

The System (Irony included) 1,175 replies

Attachments: The System II (Yes with irony)
Exit Attachments

The System II (Yes with irony)

  • #12,741
  • Dec 17, 2009 2:41am Dec 17, 2009 2:41am
Guys.....
I do not want to be sharp or anything in this case..... But....


I think - what you are talking about now is just.......


TRYING TO AVOID LOSSES...... TRYING TO PICK OUT RUNNERS......


IMHO - but this is not following the plan..... We have of course to keep the ear on the ground... but I do not see any major events for next some hours in calendar..... Do you????

And this means that we have still shot everytime when we see valid shot.....
PLAN - is not missing opportunity.... not discussion very lot about the market..... PLAN IS ABOUT TESTING THE MARKET......

No offense......

Sorry.

Thanks.
  • #12,742
  • Dec 17, 2009 2:43am Dec 17, 2009 2:43am
hay
look what i found !
http://www.forexfactory.com/showpost...&postcount=261
it's a huge gap tony, a huge gap.
  • #12,743
  • Dec 17, 2009 2:51am Dec 17, 2009 2:51am
morning all and good luck

short test 1.4392 def 2g+
  • #12,744
  • Dec 17, 2009 3:10am Dec 17, 2009 3:10am
Quoting gevellber02
hay
look what i found !
http://www.forexfactory.com/showpost...&postcount=261


Guys, look here for the calendar:
http://www.cboe.com/AboutCBOE/CBOEHolidays.aspx
  • #12,745
  • Dec 17, 2009 3:22am Dec 17, 2009 3:22am
out -2
  • #12,746
  • Dec 17, 2009 3:46am Dec 17, 2009 3:46am
Short 1.4365. Will post chart later.
You wont survive without preserving!!!
  • #12,747
  • Dec 17, 2009 3:52am Dec 17, 2009 3:52am
Quoting coronajazz
Short 1.4365. Will post chart later.
With you .... but sticking to the plan I am short from 4372 brekout down from 123D....



  • #12,748
  • Dec 17, 2009 3:55am Dec 17, 2009 3:55am
Quoting dim4ik42
With you .... but sticking to the plan I am short from 4372 brekout down from 123D....



That`s a good call. I was thinkink about that but hesitating
You wont survive without preserving!!!
  • #12,749
  • Dec 17, 2009 4:27am Dec 17, 2009 4:27am
Quoting coronajazz
That`s a good call. I was thinkink about that but hesitating

Sorry... I may be wrong of course.... but... this is exactly
@I try to avoid losses@-moment.... and we have to think @I try to catch runners@......

Losses are IMHO like an indi that tells us - this trade is wrong - bail out!

If you see opportunity - trade it..... or why are you here????


Sorry again.... Just my opinion....
No offence, bro!
  • #12,750
  • Dec 17, 2009 4:37am Dec 17, 2009 4:37am
Quoting dim4ik42
Sorry... I may be wrong of course.... but... this is exactly
@I try to avoid losses@-moment.... and we have to think @I try to catch runners@......

Losses are IMHO like an indi that tells us - this trade is wrong - bail out!

If you see opportunity - trade it..... or why are you here????


Sorry again.... Just my opinion....
No offence, bro!

Hi dim

I also got in at 1.4372 and have now moved stop as in chart

Do you think its a bit early to move my stop?

Attached Image (click to enlarge)
Click to Enlarge Name: eur 5.gif Size: 23 KB
  • #12,751
  • Dec 17, 2009 4:42am Dec 17, 2009 4:42am
Quoting Stoffer
Hi dim

I also got in at 1.4372 and have now moved stop as in chart

Do you think its a bit early to move my stop?

Attachment
My opinion (humble ) - this is a good place for Stop-Loss just now...
This is a level. To place SL here - a good choice.
  • #12,752
  • Dec 17, 2009 4:45am Dec 17, 2009 4:45am
Quoting dim4ik42
Sorry... I may be wrong of course.... but... this is exactly
@I try to avoid losses@-moment.... and we have to think @I try to catch runners@......

Losses are IMHO like an indi that tells us - this trade is wrong - bail out!

If you see opportunity - trade it..... or why are you here????


Sorry again.... Just my opinion....
No offence, bro!
Ha, ha

Very nice idea. Ver very nice.

Losses are the best indicator in the world.

About the trade.

I think everyone has a little bit discretion in entries. Both FX and Feb say so. I saw 1.4368 as a borderline of the bracket, even though it is a little bit far away. If this was a long trade (a reversal) I would of taken 1-2-3 entry for sure, but I think both of our entries are according to the plan. Of course you are in a better position now because my stop is at -10, and yours is at brakeeven. Being more aggresive about entries will give you a little bit more losses, but also bigger gains on runners. But if we stick to the plan the bottomline should be the same.
You wont survive without preserving!!!
  • #12,753
  • Dec 17, 2009 4:48am Dec 17, 2009 4:48am
closed for +40

might keep going down but after such big overnight move i am happy to take
  • #12,754
  • Dec 17, 2009 5:09am Dec 17, 2009 5:09am
Out +15. I dont like the jammy price action. Long order now 1.4355.
You wont survive without preserving!!!
  • #12,755
  • Dec 17, 2009 5:11am Dec 17, 2009 5:11am
Quoting coronajazz
Ha, ha

Very nice idea. Ver very nice.

Losses are the best indicator in the world.

About the trade.

I think everyone has a little bit discretion in entries. Both FX and Feb say so....

Yeah!

This is as I like to see losses. I do not like think about them like about something bad or wrong... I like to look at them like at INDI that tells me - I have to bail out.

So - set ups that we have - are our indis for entery, losses - are indis that tells us to bail out.... At least as I look at these stuffs.....

Quoting coronajazz
I saw 1.4368 as a borderline of the bracket, even though it is a little bit far away.
For me..... I see this LOW... but it is from Asian-session. And I did give a chance for London-session level....

Quoting coronajazz
But if we stick to the plan the bottomline should be the same.
I think we all will have some different resultats, and not because of some different enteries (I think if we will apply PLAN properly - we should have almost the same enteries), but mostly because of different EXITS, that are as much different as many people are trading the PLAN. In my opinion - EXITS with losses or profits - are THE EXPECTANCY ART......

Good luck!!!!

Strong big runners to you!!!!
  • #12,756
  • Dec 17, 2009 5:12am Dec 17, 2009 5:12am
Quoting coronajazz
Out +15. I dont like the jammy price action. Long order now 1.4355.
Out +29..... proper #1 in play.
  • #12,757
  • Dec 17, 2009 5:13am Dec 17, 2009 5:13am
will wait for nyo in 2 hours for next set up
  • #12,758
  • Dec 17, 2009 5:19am Dec 17, 2009 5:19am
WOW!

Long order filled. But you guys dont know how lucky I was. In the rush I added one zero at the end of the position of the order. The spread only took all my 15 pips from the last trade. Luckily the price went 2 pips up and stalled a little bit given me the chance to exit the position and reenter with normal size.

I know my platform pretty much inside out, and I havent made a technical misteke like this for a long time now, but wow ,one fat finger that was.
You wont survive without preserving!!!
  • #12,759
  • Dec 17, 2009 5:22am Dec 17, 2009 5:22am
Quoting coronajazz
Out +15. I dont like the jammy price action. Long order now 1.4355.

This is a great exemple! Different bottomline because of the exit.

I did exit with #1 play. Our enteries were in not so much different places (may be 7-8 pips or so)..... but exit.... It looks to me that you did exit on up fractal....... where your hard stop is.

  • #12,760
  • Dec 17, 2009 5:37am Dec 17, 2009 5:37am
Quoting dim4ik42
This is a great exemple! Different bottomline because of the exit.

I did exit with #1 play. Our enteries were in not so much different places (may be 7-8 pips or so)..... but exit.... It looks to me that you did exit on up fractal....... where your hard stop is.

I was going for the runner. I exited at the same candle that took the FCR but did not let it stop me out. But if you noticed that same candle was red at the beggining and moving pretty fast to the downside. At that moment I decided that if this very candle does not brake the LL I will exit at the close of it, but then it moved up even faster than it was moving down, and I just took 15 and ran. 15 seconds after that I was filled long on the same candle.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 184 KB
You wont survive without preserving!!!
15 traders viewing now