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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)

  • #13,201
  • Jan 14, 2010 3:43am Jan 14, 2010 3:43am
Quoting fxachilies
ok... i have never seen a thread pages to go backward as much as i have seen it in our thread.. lol.....
Thanks FXA for being so open. I really enjoy your posts and find them inspiring.
Good karma to you !
  • #13,202
  • Jan 14, 2010 3:50am Jan 14, 2010 3:50am
Quoting fxachilies
ok... i have never seen a thread pages to go backward as much as i have seen it in our thread.. lol.. its all due to this bad boy fxa guy, who has a got his 1st warning from the site manager now.. oh well.. i suspected that anyways.. i would have given myself a warning too.. but sometimes is just worth it.. and it won't stop me to make my statment to %%%%% trolls.

I apprciated jazz & bakuli's posts and our female friend Bubola (yes we do have female members trading with us here) and as a respect to our female friends and all others i shall never...
Good morning guys....

I can only say once again a big Thank you for all you have done and still do for all of us here....
And of course, for protecting the thread so strongly for our own sake...

PS: FF managers should give you a present for keeping this thread and for making more and more people arriving to the thread, and to the FF web as a result...
  • #13,203
  • Jan 14, 2010 3:53am Jan 14, 2010 3:53am
Fx !

I wrote a post earlier today which went unnoticed and I think it is very important (at least for me), to hear your opinion on it. Post # is 13190 on page 880. Can you give us your thoughts. Bad words, and kick in the ass welcomed, if nessesary
You wont survive without preserving!!!
  • #13,204
  • Jan 14, 2010 4:05am Jan 14, 2010 4:05am
Quoting coronajazz
Fx !

I wrote a post earlier today which went unnoticed and I think it is very important (at least for me), to hear your opinion on it. Post # is 13190 on page 880. Can you give us your thoughts. Bad words, and kick in the ass welcomed, if nessesary
I would be too very interested to hear what others think about post#13190, because I have too noticed similar things
  • #13,205
  • Jan 14, 2010 4:08am Jan 14, 2010 4:08am
still short from 14527 where would the latest fcr or level line be 523 or 529 I have my stop set at 535 spred plus a cople above 14529
  • #13,206
  • Jan 14, 2010 4:12am Jan 14, 2010 4:12am
ok just answered my own question, dont sweat the first 15 -20 pips were after runners....
  • #13,207
  • Jan 14, 2010 4:16am Jan 14, 2010 4:16am
Quoting Trndsurfer
still short from 14527 where would the latest fcr or level line be 523 or 529 I have my stop set at 535 spred plus a cople above 14529

Nice one Trend,

I had same trade but was taken out because I had my stop too close to the heat. But have re-entered a short at 4510 and still on the same bus I hopped off earlier on !
  • #13,208
  • Edited 4:36am Jan 14, 2010 4:18am | Edited 4:36am
I love the discussion the we got going here.. and more love the unity that i see among you all with back and forth inteligent comments..
thats what its all about..

i agree with posts from member ready as to limit losses and talking about expectancy which goes to core of when we say "price must go in your direction in a resonable timetable" otherwise you at the mercy of the market..

I also agree with post from memeber Bakuli when he said.. quote "I think the important thing here is that we all had a plan in mind and we stuck to it even with different results. That's discipline." briliant..
followed with member Musantos discipline picture post.

and.. Mr. Corona Jazz.. (who hates Jazz music by the way..lol) about adding to the dicussion with being extra carfull with both defensive play and the consern about each. great topic to talk about..

I am going to elaborate about overall..
as we all know there is no guarantee any anything about this market and trading.. we are at risk each time that we press that entery push botton..
and lets not forget that we do not have a "system" in here.. we do have a PLAN however.. but that is only good to keep you aware and sharp with some pre designed play ahead of time so you know whats going on at all time and what is the frame work of you at the heat of the moment.
now when marekt getts tough and rough we all could endup with different results.. but what we dont want is to get blown away.. G+ helps you with that.. #2 keeps you in the game a little longer for keeping the option open for a little longer and helps less in's and outs..
i have put the tools out there to save you from big losses and your awarness of whats going on around you by depending on you naked eye then some indi crutch..
still is you that will make the decision that whether to play cut throat (g+) or give some breathing room (#2).. I can't tell you how successful you can be or get with this.. but i do assure you that with these two defensive plays you will never be blown away and always manage to keep your head above the water.. and lets not forget about the otherside of the coin.. we do get our fair and share of clean good days (yesterday is a living prof) and at end of the month your bottomline will be healthy..
now this was a overall assesment..

now, I would like for Jazz to post a chart of about what he talked about and I/we can go over some technicall stuff so we can enhance our plan to higher level..

thank you guys..
  • #13,209
  • Jan 14, 2010 4:23am Jan 14, 2010 4:23am
moved sl to 14518, any thoughts on this guys
  • #13,210
  • Jan 14, 2010 4:25am Jan 14, 2010 4:25am
Quoting Bakuli
Nice one Trend,

I had same trade but was taken out because I had my stop too close to the heat. But have re-entered a short at 4510 and still on the same bus I hopped off earlier on !

where do you have your sl and whats ur rational
  • #13,211
  • Jan 14, 2010 4:25am Jan 14, 2010 4:25am
Quoting geduim
I would be too very interested to hear what others think about post#13190, because I have too noticed similar things

geduim..
now thats what i call a signature..lol.. not to sound arrogant..
I am far from that.

i live by that statment.. there was a point where i stoped searching for new stuff and stuck to one thing and just worked my way up to enhance that particular style.. and soon enough i was able to come up with new ways to make my plan better and better and take more trips to bank for withdrawals eventually.

every trader needs to do that at some point in his career IMO.

I am glad that you have done that for what i am seeing Geduim.
  • #13,212
  • Jan 14, 2010 4:33am Jan 14, 2010 4:33am
does any one know how to post a chart using avatrader??
I would like some feedback on my trade management but unfortunately I dont have a clue lol
  • #13,213
  • Jan 14, 2010 4:37am Jan 14, 2010 4:37am
Quoting Trndsurfer
where do you have your sl and whats ur rational
My stoploss is at 4526, an fcr. I also have an order in place at the same spot to catch any reversal.
  • #13,214
  • Jan 14, 2010 4:43am Jan 14, 2010 4:43am
I'm working on that, I think people often justify theirs jumping from one plan or system to the other, by popular saying that every trader needs to find what works for him. But if you look from other point it's just laziness to stick to one thing and to put in the necessary hard work, so the man who puts in the work should be able to make positive results with any decent plan IMHO...
  • #13,215
  • Jan 14, 2010 4:52am Jan 14, 2010 4:52am
Attached Image (click to enlarge)
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Just hoping for clarification on fcrs in above chart and how many of us see them as all valid

thanks
  • #13,216
  • Jan 14, 2010 4:52am Jan 14, 2010 4:52am
Just lowered SL to 4516.
Now we'll se what happens
  • #13,217
  • Jan 14, 2010 4:57am Jan 14, 2010 4:57am
Quoting Stoffer
Attachment

Just hoping for clarification on fcrs in above chart and how many of us see them as all valid

thanks
I think they are but # 1 was too close to the previous dn fcr and I was already in the trade short, so I didn't consider it.
IMHO but others may argue this point
d
  • #13,218
  • Jan 14, 2010 5:02am Jan 14, 2010 5:02am
He he, Thats right FX. More of a rock and hard rock type of music. I play guitar in a rock band too. I will tell the story sometimes.

Now bussiness!


1. 01.12.09 trades i was late to the platform, first trade was short, fast fakeout, but next 5 trades were avoidable and instead 5 small losers could of been one slow long trade.

2. 09.12.09 is the best example of what I had in mind. First long trade was slow but profitable, all the next long entries were fakouts.

3. 11.12.09 I still chop my hear of thinking about this day. entered early, played G+ for -10, reentered, moved stop to brakeeven to early, chickened out to reenter again bellow 1.4730 and the outcome - pain in the stomach
Attached Image(s) (click to enlarge)
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You wont survive without preserving!!!
  • #13,219
  • Jan 14, 2010 5:15am Jan 14, 2010 5:15am
Quoting coronajazz
I want to add to the discussion that is taking place this morning.

In my opinion G+ exit is a double edge sword especially when the market is bit quiet like today so far. Sure we have our reentry in place, but that is (constant reentering) exactly where we can get hurt too.

I was analyzing my trading in december and I had a lot of days when the price was moving directionaly but very slowly. Aplying G+ I had trades distribution like this : -9, -12, -8, -13 , when if I held on to the old #2 I would of have only one trade for the day resulting...
What I pay attention too on the 2G+ exit is when it happens.

I use it most often when PA triggers my entry and on the same candle or the next candle closes inside the Levelline, I exit. The market is telling me its not ready yet to run. The time I have to guess is when price closes right on the level line within this time frame. Then I pay very close attention and if it breaks against me I get out and use the other half of the 2g+ exit and put in a reenter order.

If price does't take off and it just messing around the level line, I will exit at BE or a couple of pips because it hasn't met the next criteria of reasonable time.
I make money anywhere in the world by taking orders
  • #13,220
  • Jan 14, 2010 5:33am Jan 14, 2010 5:33am
Hi,

This is my training summary for this trade

Attached Image (click to enlarge)
Click to Enlarge Name: image1.gif Size: 34 KB


In A, I resisted boredom
In B, I resisted fear
In C, I resisted to play with round number (rejection)

Finally I closed with 12 pips in profit, playing #1, and, of course, the market kicked my ass right after that

Edit: what a nonsense to play #1 for 12 pips, isn't it?
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