The System II (Yes with irony) | Page 655 | Forex Factory

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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)

  • #13,081
  • Jan 12, 2010 12:14am Jan 12, 2010 12:14am
Quoting calvk81
trade close for -9 pips. well have to go for another shoot
Exactly. One shoot less for the runner. Good attitude. Sooner than what you think those -9 will be nothing compared to your +59, +69...

FX, in regards the website, I feel comfortable here, but if it is to improve things and to avoid disruptions, go ahead. Let me know if I can help anyway.
  • #13,082
  • Jan 12, 2010 12:15am Jan 12, 2010 12:15am
Quoting calvk81
trade close for -9 pips. well have to go for another shoot
HI calvk,
I was in the very same setup than yours...
Only one thing in mind for the next opportunity...
When we are playing on the edge of London open, anything can happen in a sudden, so if you are already into a deal, be extra carefull with it.....
  • #13,083
  • Jan 12, 2010 12:16am Jan 12, 2010 12:16am
Quoting jplo
Wellcome on board Alex...
You are doing so good taking your time to read and absorb the thread....
Any doubt we are here for you.....
Thanks, I'm on page#302!
  • #13,084
  • Jan 12, 2010 1:06am Jan 12, 2010 1:06am
Quoting RicardoSVK
Hi All

I follow this thread several weeks, maybe more then 2 months, but only few days ago i created nickname and i hope its ok if i post something here from time to time : )))

Hi Imohammed,

im also thinking about that long but i trade london and ny session and today there already was nice big uptrend so i better stay out of trade, and my trading day is comming to end. thats 2nd reason.

but wish you rain of pips if there is breakout
Thank you Ricardo! Good look for today!
  • #13,085
  • Jan 12, 2010 1:25am Jan 12, 2010 1:25am
Am short from 1.4479, pushing thru the LL nicely atm, stopped out of my first trade for -8 (blue box), hoping for a better day than yesterdays.
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  • #13,086
  • Jan 12, 2010 1:49am Jan 12, 2010 1:49am
First trade of the day. Sell order at 1.4469, scratching my head on the buy side!
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  • #13,087
  • Jan 12, 2010 1:56am Jan 12, 2010 1:56am
Mmmm out for another -8, poor exit on my part (blue box), i exited where my initial fcr was, i'm curious how people exit when price approaches a LL, do you wait for the candle to close or as soon as it pushes back up through the LL etc, as per playing no#1?

thanx
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  • #13,088
  • Jan 12, 2010 2:06am Jan 12, 2010 2:06am
Quoting skris
Mmmm out for another -8, poor exit on my part (blue box), i exited where my initial fcr was, i'm curious how people exit when price approaches a LL, do you wait for the candle to close or as soon as it pushes back up through the LL etc, as per playing no#1?

thanx
I wait for the candle to form to confirm the PA. However, I do get caught between two possible choices: 1) I have a 'free' trade so let the PA develop to see if it goes in my favour, or; 2) exit when the candle's formed and has failed to a LL. On reflection, 2 seems the correct choice.
  • #13,089
  • Jan 12, 2010 2:07am Jan 12, 2010 2:07am
Quoting skris
Mmmm out for another -8, poor exit on my part (blue box), i exited where my initial fcr was, i'm curious how people exit when price approaches a LL, do you wait for the candle to close or as soon as it pushes back up through the LL etc, as per playing no#1?

thanx
Hello, Skris!

May be this is because of the something late entery?
I did take the same trade but finished it with +11 result, Because I took it from very beginning of this wave - from 4497 fcr.

For exit we apply our #1 play. You can find the description of this one many time in this thread.

If I can bring this trade like an example then - I saw my trade was +22 yet (LL), then I did wait for retrace to develop itself. After I did see the speed was more to upside, and decided to ext at the very first green (up) candle after that little red (down) candle.

Hope it helps!
  • #13,090
  • Jan 12, 2010 2:42am Jan 12, 2010 2:42am
out -4

new long order 1.4514
  • #13,091
  • Jan 12, 2010 2:54am Jan 12, 2010 2:54am
Quoting Stoffer
Hi all

currently long 1.4500

fx, "the boiler room" sounds perfect and please count me in also

thanks

Chris
Yeah i am Long from 1.4500 too, targeting 1.4525 and 1.4550

TipTop
  • #13,092
  • Jan 12, 2010 3:09am Jan 12, 2010 3:09am
short 1.4493

payback time ?
  • #13,093
  • Jan 12, 2010 3:16am Jan 12, 2010 3:16am
Hope you guys are on the fcr at 4494 ! I am going to play #1 with this reversal break.
  • #13,094
  • Edited 3:28am Jan 12, 2010 3:17am | Edited 3:28am
Quoting Stoffer
short 1.4493

payback time ?
Me too. My first trade for the year.

Hello to everybody hope you all enjoyed the holiday season.
Nice to see Mr Fxachilies back helping us all out
"Save your ass, then go for profit"
  • #13,095
  • Jan 12, 2010 3:18am Jan 12, 2010 3:18am
My first trade of the day turned out to be fakeout free.. almost riding free.. but still in the rope of 1st hurdel.. play #1 baby, sc1.
a retracement is about to happen most likley.. lets see how it will shape up..

i play this live for you guys allthoughway..

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  • #13,096
  • Jan 12, 2010 3:26am Jan 12, 2010 3:26am
stop to fcr 1.4483

free ride now
  • #13,097
  • Jan 12, 2010 3:28am Jan 12, 2010 3:28am
we at the LL point.. remember the W.B and W.R.. don't jump the gun.. watch the speed and momentum aswell..
  • #13,098
  • Jan 12, 2010 3:28am Jan 12, 2010 3:28am
as i'm just starting out, my plan is to go for 20/21 or better rule, and practice expectancy .. any comment and observation are more than welcome ty
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  • #13,099
  • Jan 12, 2010 3:39am Jan 12, 2010 3:39am
out +20

seems to be struggling to overcome LL
  • #13,100
  • Jan 12, 2010 3:43am Jan 12, 2010 3:43am
as u see the first LL got creamed.. there is no reason that same thing can't happen to the one down lower...
but, my point is.. the hell with it all.. jsut play the plan and nothing but the plan.. thats your edge. "dont be a fool, keep your cool".. dont fall into markets decive..


atm we are witnessing a W.B but lets not jump the gun and wait to see if we get a W.R.. then we can make sounder decision.. we got a go market and we dont want to let go of it by panicing bcz we don't want to lose out on 25pips profit on the table.. lets not forget our job is to catch runners, but to preserve if we really have too when market goes to deep consolidation.. if price makes a quick turn on you here and u lose out on the money on the table its all good.. there was nothing there for you take if you got the runners mentality at the corner stone of our plan in mind.

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