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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)

  • #12,781
  • Dec 19, 2009 12:12pm Dec 19, 2009 12:12pm
Quoting mac1956
That is not an FCR. It is part of the formation of the fcr that follows and that Ready observed quite correctly in my opinion and led to a superior play on his part. Fx says that an FCR has a loopiness about it. You could argue that three failures to penetrate the FCR short was a reason to bail and that could be quite reasonable - but the PA never provided a clear pullback and new FCR level line until 64...U showed nerves of steel Ready. For a novice this was a creditable trade and I think my colleagues in crime will agree with me; unless I'm wildly...
Thanks Mac for the added instruction. I was thinking of on FCR as a fractal with 2 lower preceedimg and 2 lower succeeding the swing high, not remembering the loopiness part you mentioned.
  • #12,782
  • Edited 4:47pm Dec 19, 2009 1:28pm | Edited 4:47pm
Quoting drob
Thanks Mac for the added instruction. I was thinking of on FCR as a fractal with 2 lower preceedimg and 2 lower succeeding the swing high, not remembering the loopiness part you mentioned.

3420, 3440, 3444, 3448 . The best sequence of posts on the FCR
$urvive, Pre$erve & RESPECT THE TEACHER
  • #12,783
  • Dec 19, 2009 10:19pm Dec 19, 2009 10:19pm
Hello all,

I have recently started trading a break after a pullback on a one tick chart, and I just happened to look at this thread. Yes, I know it have been around and popular for quite a long time, but it never occurred to me that it will be of much relevance to me! Talk about the law of attraction!

I did not look at every single post, but I have seen comments about TFs below 5 mins are mainly noise. So I would just like to know if anyone have tried this method on lower timeframes? It works really well for me during trending sessions, but I usually get caught in the ranges. Trying to avoid that now.
  • #12,784
  • Dec 20, 2009 2:27am Dec 20, 2009 2:27am
Quoting antinomian
Hello all,

I have recently started trading a break after a pullback on a one tick chart, and I just happened to look at this thread. Yes, I know it have been around and popular for quite a long time, but it never occurred to me that it will be of much relevance to me! Talk about the law of attraction!

I did not look at every single post, but I have seen comments about TFs below 5 mins are mainly noise. So I would just like to know if anyone have tried this method on lower timeframes? It works really well for me during trending sessions, but...
Hi Antinomian -

We try to keep this thread as pure as possible by sticking to one pair one time frame. This allows people to learn without clutter. So many threads disappear because people, well intentioned people, crowd it with discussions about anything and everything that springs to mind - until the central methodology gets obscured and it becomes over-complicated and indecipherable.

Many people here trade different pairs and time frames, but do not discuss that here.

So your question is better as a Private Mail to Feb as I'm sure he'll be pleased to answer. I have PM'd my answer as well.

But please read the thread and you will understand the method - and I have no doubt that you will find it time spent profitably.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #12,785
  • Dec 20, 2009 4:29am Dec 20, 2009 4:29am
Quoting mac1956
Hi Antinomian -

We try to keep this thread as pure as possible by sticking to one pair one time frame. This allows people to learn without clutter. So many threads disappear because people, well intentioned people, crowd it with discussions about anything and everything that springs to mind - until the central methodology gets obscured and it becomes over-complicated and indecipherable.

Many people here trade different pairs and time frames, but do not discuss that here.

[b][u]So your question is better as a Private Mail to Feb as...
Thank you
  • #12,786
  • Dec 20, 2009 7:17pm Dec 20, 2009 7:17pm
I am checking out oanda`s platform. I may wanna open an account with them after the holidays because of the low trading cost (spread) they offer and the flexibility of position sizing. I know there are many traders here that trade with them so I would be very thankfull if you give me your overview of them as a broker and the platform, and also specifically about these few points.
1. Spread widening, how often this happens on EURUSD, and can it specifically hurt our style of trading. I am used to trade with fixed spread.
2. Platform stability - I ve read several times about these "platform freeze" on some forums.
3. Trendlines - I have a lot of trouble with drawing them to mark fractals. Also the platform manual says if you want to move or modify them you just have to click on the trendline and menu will appear, but it seems I can bring this menu up. When I click on the trendline some I get a order menu (buy market, sell market etc. - see the attachment).

I ll dedicate last trading days of this year to get a feel for this platform and not trade live.

Thanks in advance!
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 153 KB
You wont survive without preserving!!!
  • #12,787
  • Dec 20, 2009 8:16pm Dec 20, 2009 8:16pm
[quote=coronajazz;3319262]I am checking out oanda`s platform.

1. They increase the spread to 10-20 pips during major news release for the relevant pairs only for about 30-60seconds and also there is minor increase in spreads during Asian session for low liquidity pairs.

2. In the past two years I had the "disconnected" problem twice.

3. After trend line is drawn, move the cursor over the trendline slowly and when the cursor shape turns from arrow to a Hand, you left click the mouse and it will bring up the popup menu to: Remove/Move/Duplicate/Modify Endpoint of the trendline.

As a broker I am satisfied with them since I don't trade during major news releases. I have acount with them for the past 2 years only. However I am not happy with the charting capabilities of the platform.

This is my opinion and hope this helps.
  • #12,788
  • Dec 21, 2009 2:51am Dec 21, 2009 2:51am
Hi guys

Short at 1.4319, and now playing #1, while taking a close look at
the price to see how it develops.
Attached Image (click to enlarge)
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  • #12,789
  • Dec 21, 2009 2:55am Dec 21, 2009 2:55am
Move SL to BE, and waiting for a new fcr to be formed.
  • #12,790
  • Dec 21, 2009 2:57am Dec 21, 2009 2:57am
Quoting lazyFX
Hi guys

Short at 1.4319, and now playing #1, while taking a close look at
the price to see how it develops.
Also in at the same price - good luck.
  • #12,791
  • Dec 21, 2009 3:01am Dec 21, 2009 3:01am
Quoting ready
Also in at the same price - good luck.
Thank you, and good luck to u too!!
  • #12,792
  • Dec 21, 2009 3:54am Dec 21, 2009 3:54am
Stop set at 1.4311
  • #12,793
  • Dec 21, 2009 3:58am Dec 21, 2009 3:58am
Out at 4311, +8. Long at 4314
  • #12,794
  • Dec 21, 2009 4:10am Dec 21, 2009 4:10am
Quoting ready
Out at 4311, +8. Long at 4314
I was out at 1 pip above the new fcr (1.4310).

Only 6 pips locked in for the trade, but I am satisfied because I followed through the plan.　
  • #12,795
  • Edited 5:22am Dec 21, 2009 4:47am | Edited 5:22am
Stop moved to 4323
Now moved to 4331
  • #12,796
  • Dec 21, 2009 6:26am Dec 21, 2009 6:26am
Thats better!! Definitely playing #1, long from 1.4347
Attached Image (click to enlarge)
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  • #12,797
  • Dec 21, 2009 6:48am Dec 21, 2009 6:48am
Stop moved to 4350
  • #12,798
  • Dec 21, 2009 6:56am Dec 21, 2009 6:56am
Trades so far, 36 points locked in on this trade. I'm off to see Santa!
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 68 KB
  • #12,799
  • Dec 21, 2009 6:59am Dec 21, 2009 6:59am
Quoting ready
Trades so far, 36 points locked in on this trade. I'm off to see Santa!
Nice to see pips for xmas Ready, good stuff. I missed the that one earlier in the day, moved my stop to .4361, stopped out +14, as pushed thru the HH, and came straight back down, NY opening right now too.
  • #12,800
  • Dec 21, 2009 7:52am Dec 21, 2009 7:52am
Quoting ready
Trades so far, 36 points locked in on this trade. I'm off to see Santa!
I am inspired by your dilligence. Nice trading ready!
You wont survive without preserving!!!
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