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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)

  • #12,881
  • Jan 4, 2010 5:19am Jan 4, 2010 5:19am
Quoting Stoffer
out on #1 play @ 1.4379 for +50

The struggle I have now is -

1. quit for the day with + 50

2. wait for new york open for new momentum and new trades

3. take every fcr break

???

thanks

Chris
Answering to your questions:

1. You do not know for sure if it will be today some more runners or not... Right? So - personally I kepp trading till mid of NY session.

2. You do not know for sure at what exactly time you can catch runner... So - it worth to try every valid set up.

3. If you want to take all possible runners - "you have to be in it to win it!"...
  • #12,882
  • Jan 4, 2010 5:25am Jan 4, 2010 5:25am
Quoting Stoffer
out on #1 play @ 1.4379 for +50

The struggle I have now is -

1. quit for the day with + 50

2. wait for new york open for new momentum and new trades

3. take every fcr break

???

thanks

Chris
like life example - after some profit today ... I took this long trade and now I am in.
  • #12,883
  • Jan 4, 2010 5:30am Jan 4, 2010 5:30am
Thanks for your replys they are very appreciated

I,m still trying to get over the fear of handing back the gains from a good runner

Chris
  • #12,884
  • Jan 4, 2010 6:30am Jan 4, 2010 6:30am
Quoting Stoffer
Thanks for your replys they are very appreciated

I,m still trying to get over the fear of handing back the gains from a good runner

Chris
With proper trade management - you have not to fear a lot about hanging back the gains... because - with every loss you have to give very little piece of your account to the market... And with every profit - you may to take solid piece of cake form Mr. Market...

Not so long time ago I was where you are now too.... I was so afraid to give my profit back to market.... but now - I am hungry for opportunities to enter the trade more and more, because every trade may be the runner at the end!

Good trades to you!
  • #12,885
  • Jan 4, 2010 6:45am Jan 4, 2010 6:45am
Quoting dim4ik42
With proper trade management - you have not to fear a lot about hanging back the gains... because - with every loss you have to give very little piece of your account to the market... And with every profit - you may to take solid piece of cake form Mr. Market...

Not so long time ago I was where you are now too.... I was so afraid to give my profit back to market.... but now - I am hungry for opportunities to enter the trade more and more, because every trade may be the runner at the end!

Good trades to you!
thanks dim

watching you evolve into a great trader is very inspirational
  • #12,886
  • Jan 4, 2010 7:00am Jan 4, 2010 7:00am
Quoting Stoffer
out on #1 play @ 1.4379 for +50

The struggle I have now is -

1. quit for the day with + 50

2. wait for new york open for new momentum and new trades

3. take every fcr break

???

thanks

Chris
Hi Stoffer - happy new year. I would say that the very fact you are asking this question (and asking for advice too) means you should stop for the day until you can approach the market again with your head straight. In the psychological background of your question there is a belief at work - "I am going to lose what I have made" or "I can't be successful so it's just a matter of time before I get hammered". This is one of those mental phenomena that has a nasty habit of becoming a self fulfilling prophecy - the mind makes up these deep life-rules and without realising it we live as if they are true, structuring what we do to compensate.

So while you are in this unconscious mindset you really should stop - go back to basics, introspect a bit about this and what it means and how it takes control - then come back when you have had some insight about it and you are both hungry for runners and willing to take the losses in teh slow pursuit of them. The market will still be here when you come back.

Just my advice buddy for what it's worth.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #12,887
  • Jan 4, 2010 7:06am Jan 4, 2010 7:06am
Quoting mac1956
Hi Stoffer - happy new year. I would say that the...
Great post, my friend!!!!

I did read it with big deep interest!

Thanks!
  • #12,888
  • Edited 10:35am Jan 4, 2010 7:14am | Edited 10:35am
Quoting Stoffer
Thanks for your replys they are very appreciated

I,m still trying to get over the fear of handing back the gains from a good runner

Chris



Hi.. I got a few minute to spear to check on my long trade.. had to take peak and see what my brothers are up too here.. lol

Stoffer..
Your first question as to whether to quit for the day or keep going.. its got fear and low confidence written all over it.. and with your above post you do admit to it yourself.. which I highly admire the being true to oneselfs.. its sign of growth as a trader and one step closer to the mountain top..
Its all good brother.. don’t worry.. we all have been there.. myself, dim, mac, and everyone else…
Taking 50pips of the table and coming back the next session or day are completely fine.. but fear of losing being the reasoning behind it is completely not fine… Fear is detrimental to trading..
But the important part lays on, how you get out of it..
I keep it simple for you in one word… PRACTISE, raps.. drop your load to a comfortable spot and practice the hell out of the plan.. take the valid setups like dim suggested and go at it with the best of your ablity to trade manage it according to the plan.. the more trade you get under your belt the more comfortable you will feel, and before you know it you will be out of this little thing called Fear.. but to you at moment its not so little.. is it!!!.. get focused and act on what I suggested above and listen to your true brothers in this thread.. we are a family that’s the best asset of our fellowship here.

I hope it helps.

Ps) By the way, great job everyone to be there for the long ride.. rememeber.. missing a opportunity is worse than to be in a trend against..
  • #12,889
  • Jan 4, 2010 7:23am Jan 4, 2010 7:23am
Quoting mac1956
Hi Stoffer - happy new year. I would say that the very fact you are asking this question (and asking for advice too) means you should stop for the day until you can approach the market again with your head straight. In the psychological background of your question there is a belief at work - "I am going to lose what I have made" or "I can't be successful so it's just a matter of time before I get hammered". This is one of those mental phenomena that has a nasty habit of becoming a self fulfilling prophecy - the mind makes up these deep life-rules...
Macdaddys psychological comments are gold and great asset to our thread.. so lucky to have you on board my friend..

what you say is definatly a effective way for one to approach it and turn things around..

Thank you Sir.Mac..
  • #12,890
  • Jan 4, 2010 7:28am Jan 4, 2010 7:28am
I,m not great with words so find it difficult to express the amount of thanks mac and fx deserve with those posts

Chris
  • #12,891
  • Jan 4, 2010 11:04am Jan 4, 2010 11:04am
hi.. my trades for the first trading day of the year..
pretty nice start..

all about the plan..
early enteries.. tight defense.. #1 ply,scenario 3 allthoughway to the bank..

and i wasn't gonna trade for the full day, but the long ride keept me in..

good trading to all..

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  • #12,892
  • Edited 12:46pm Jan 4, 2010 12:46pm | Edited 12:46pm
Quoting fxachilies
hi.. my trades for the first trading day of the year..
pretty nice start..

all about the plan..
early enteries.. tight defense.. #1 ply,scenario 3 allthoughway to the bank..

and i wasn't gonna trade for the full day, but the long ride keept me in..

good trading to all..

http://cdn.forexfactory.com/images/attach/gif.gif
Hi Fx,

Thanks for posting your chart ! I noticed you changed your broker to Fibo group, any reason for that ? I know you said you were with FX pro before and db.
  • #12,893
  • Jan 4, 2010 1:44pm Jan 4, 2010 1:44pm
Quoting anthony500
Hi Fx,

Thanks for posting your chart ! I noticed you changed your broker to Fibo group, any reason for that ? I know you said you were with FX pro before and db.
hi thon,

I have five different accounts.. DB is my major accounts and i am in the process of seting up a special account with them atm in germany.. so no major trading for me till Monday. I use brokers like fxpro and fibo for my lighter trading and for tax puropses so it will offset some of the big taxes i pay on the DB and my fxcm account aswell. so its all base on my personal agenda.. i have not had any major or any technical problems with any of them.. if thats what ur concern is..
  • #12,894
  • Jan 5, 2010 2:50am Jan 5, 2010 2:50am
hai guys....
i am placing a buy at 1.4443 and a sell at 1.4400..
we will see how the market going
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  • #12,895
  • Jan 5, 2010 3:01am Jan 5, 2010 3:01am
Hi boys..

are u still in this?.. I hope u are..
I am waiting to see the reaction back to the last LL/ support..
got nothing to lose.. i am riding free..
if get hung up on losing out on the money on the table then i will lose my ticket for big time runners..
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  • #12,896
  • Jan 5, 2010 3:19am Jan 5, 2010 3:19am
guys..

I am getting a lot of pms from different people (some i have never heard of) and concerning if I am still trading febs system..

for the record.. I fxachilies, will trade febs style and the game plan that i put together myself for rest of my trading career.. I believe in it with all my heart.. it is working wonderfully and has made me alot of money..

i thought i would mentioned it in here for whatever it worths.. inspration or..
my lack of activity in here has nothing to do with not sticking to the plan..
lack of fxachilies and feb and other VIPs should not come between you and u sticking to the plan and ur bottomline..
carry on guys..

but i will be around.. if u need anything put up a post and will reply..

good trading..

ps) i closed the short trade for a +27 when it failed to make strong resumtion of the last breakout..
  • #12,897
  • Jan 5, 2010 3:32am Jan 5, 2010 3:32am
watch the chart as to how i played this... all about the plan..
learn the new language.. WB/WR.. lol

now would i do this within the first hurdel?... hell no.. but after that if it fails to break lose i will bank for a solid profit..

its the plan but nothing but the plan.. but it also all just commensense..

i hope it helps..


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  • #12,898
  • Jan 5, 2010 3:37am Jan 5, 2010 3:37am
Quoting fxachilies
guys..

I am getting a lot of pms from different people (some i have never heard of)

: ))))
Browsing forexfactory since 2006
  • #12,899
  • Jan 5, 2010 3:58am Jan 5, 2010 3:58am
FX,

Thanks for your charts and continuous support! Yesterday was legendary trading from your corner!

Quick question: I got in today at 1.4456 for short...thought it was very similar set up to yesterday's Buy for the nice runner. Was the pull back to short for a valid fcr? I don't want to become trigger happy.

I closed my short at 1.4420 (+36) with #1 exit... my exit not as fast as yours yet but hope it will get better with experience.

Hope you had a good break...nice to see you back.



Quoting fxachilies
watch the chart as to how i played this... all about the plan..
learn the new language.. WB/WR.. lol

now would i do this within the first hurdel?... hell no.. but after that if it fails to break lose i will bank for a solid profit..

its the plan but nothing but the plan.. but it also all just commensense..

i hope it helps..


http://cdn.forexfactory.com/images/attach/gif.gif
I follow THE PLAN to Survive & Preserve..
  • #12,900
  • Jan 5, 2010 4:01am Jan 5, 2010 4:01am
Quoting fxachilies
watch the chart as to how i played this... all about the plan..
learn the new language.. WB/WR.. lol

now would i do this within the first hurdel?... hell no.. but after that if it fails to break lose i will bank for a solid profit..

its the plan but nothing but the plan.. but it also all just commensense..

i hope it helps..


http://cdn.forexfactory.com/images/attach/gif.gif
I have noticed this yet in my word document.... new words, new language...

This is great that you keep teaching us.... Super! I am really very thanksful to You, my brother!
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