The System II (Yes with irony) | Page 667 | 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)

  • #13,321
  • Jan 15, 2010 5:25am Jan 15, 2010 5:25am
Quoting Bakuli
FXA, I have moved my SL to 4397. Do you condider that too close to the heat of the battle ? That's how I have been managing my trades so far but would appreciate your feedback.

thanks,
B


its a safe play... but notice that the your not out of the woods yet.. your still within 1st hurdel within first 25pips.. it could give you a full retrace before unlishes for a nice bear move... i would personally keep my sl 5 pips above the LV...
but... if i was infront of the screen my LV would have been much higher like Miss B seatting prettyyyyyyyyeeeeeeeee...
  • #13,322
  • Jan 15, 2010 5:26am Jan 15, 2010 5:26am
Anyone noticed we have reached page 888. To the chinese, it's very lucky. Let hope it brings us pleanty of luck today ! Lol!
  • #13,323
  • Jan 15, 2010 5:27am Jan 15, 2010 5:27am
quote from fx's bible " I will not give back more than 30% of possible gain". sl 3 pips above 11:50am candle
  • #13,324
  • Jan 15, 2010 5:29am Jan 15, 2010 5:29am
Quoting fxachilies
its a safe play... but notice that the your not out of the woods yet.. your still within 1st hurdel within first 25pips.. it could give you a full retrace before unlishes for a nice bear move... i would personally keep my sl 5 pips above the LV...
but... if i was infront of the screen my LV would have been much higher like Miss B seatting prettyyyyyyyyeeeeeeeee...
Thanks for the feedback. Yes, I have noticed my SL's are a bit too tight and stand the chance of being taken out before a nice move in my direction. Ok, another one for my notes - don't be a tight as_ ! Lol !
  • #13,325
  • Jan 15, 2010 5:29am Jan 15, 2010 5:29am
Quoting bubola
ty fx. now i'm playing B (runner first). my sl is still 1 tick above trigger FCR, -5 from my entry, but i'm trying to pay attention to LL level. but would a break the fcr formed by 11:50 am candle, be enough to change direction so early in the game??? million-dollars question!. sorry, i don't know what W.B is yet.

your right about the million dollar question.. who knows, all we can do is to test things.. but right now u got a nice brearish go market during a low liquidty time of Londi session.. i would keep my postion.. unless you have given up a lot on afew fakeouts and wanting to take some off the table to compestate the earlier lossess.. always think MM aswell..

todays current londi session its been in a 50-60 movment.. so not a whole alot for us to work with.. so its wise sometimes to take look at where u are money wise and maybe preserve some just keep our head above the water and play the surviving game..
thats why the early enteries will come so handy when there is not a much of a movment but u get the chance to banks some good 30 pips out of just some noise movment and if it decides to run then Viola!!! you got the best seat in house watching it run babyyyyyy.. its better than lottery... lottery happens maybe once in the life time... this can happen every damn day... and getting rich slowley but SURLEY.. not to mention u have learned a life lasting skill.

W.R = weak breakout..
  • #13,326
  • Jan 15, 2010 5:31am Jan 15, 2010 5:31am
Bubola,

We need you to spur the market on with your %*%^&**** now that it's crossed the LL.
  • #13,327
  • Jan 15, 2010 5:34am Jan 15, 2010 5:34am
Quoting Bakuli
Bubola,

We need you to spur the market on with your %*%^&**** now that it's crossed the LL.
you freaking little sissy thing, u think we're going to tremble just because a few faders are long? think again, you matta f!!
  • #13,328
  • Jan 15, 2010 5:40am Jan 15, 2010 5:40am
this is how i'm reading it: if fcr start getting too close to each other, i'll bank as close as possible to bottom...easier said than done!!
  • #13,329
  • Jan 15, 2010 5:41am Jan 15, 2010 5:41am
Quoting bubola
you freaking little sissy thing, u think we're going to tremble just because a few faders are long? think again, you matta f!!
You make me laugh !!!
  • #13,330
  • Jan 15, 2010 5:44am Jan 15, 2010 5:44am
to follow with my last post..

when used to have my Mortgage shop and I was making half mil a yr.. but i never felt secure as to making the same the next yr or not..
now, with my simple plan and skill learned.. i feel as secure as it could get.. unless they close the market.. but i know i can sit infront of my laptop at anytime for a whole month and make ton of money.. thats it, period.

I hope it boosts your confidence..
  • #13,331
  • Jan 15, 2010 5:46am Jan 15, 2010 5:46am
Quoting bubola
you freaking little sissy thing, u think we're going to tremble just because a few faders are long? think again, you matta f!!
Miss B.. ur starting to freak me out now..
  • #13,332
  • Jan 15, 2010 5:48am Jan 15, 2010 5:48am
Quoting fxachilies
to follow with my last post..

when used to have my Mortgage shop and I was making half mil a yr.. but i never felt secure as to making the same the next yr or not..
now, with my simple plan and skill learned.. i feel as secure as it could get.. unless they close the market.. but i know i can sit infront of my laptop at anytime for a whole month and make ton of money.. thats it, period.

I hope it boosts your confidence..
It sure does ! I can't wait to up my stakes once I have served my apprenticeship here.
  • #13,333
  • Jan 15, 2010 5:58am Jan 15, 2010 5:58am
Quoting Bakuli
It sure does ! I can't wait to up my stakes once I have served my apprenticeship here.

notice that i been doing this for a year now... i have paid my dues.. gone throught the agonies (still sometimes) and alot of screen time under my belt and losts of mistakes and victories all togheter..

you will have bads day ahead of you.. losing, confusion, pulling hair (unless ur bold..lol).. oh my favorite, the head banging.. watching runner pass right by you.. then getting in when it start to give fakeouts.. ohhhhhhhhhh man you name it..

all that is just obsticles in the time of learning and it has to take its course.. for some shorter then others.. but what you dont want to do is to not sticking with your guns.. and thats why i mentiond what i mentioned.. so you guys stick with it and soon enough you will be over the hump and start to be profitable..


Moneda.. my senior partner.. drop them some more wisdom..
i miss your words.. come on give us one. we got a nice new breed of traders in here lately..
  • #13,334
  • Jan 15, 2010 6:01am Jan 15, 2010 6:01am
i moved my sl BACK to be+1 for the landlord (this guy is getting rich behind my back!!), giving up 8 pips profit. i don't want a W.B. to shake me out, but what will i do if i see a reversal pattern?? atm, unfortunately for me, don't know.

p.s. the power of ladies' swearing!! sl to where it was a minute ago
  • #13,335
  • Jan 15, 2010 6:15am Jan 15, 2010 6:15am
Demonstration of spoting the weakness early and ACTING on it.. and watching everthing from a great position to fill our job dutie at zero risk..

powerfull spot to be...


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  • #13,336
  • Edited 6:43am Jan 15, 2010 6:22am | Edited 6:43am
Quoting bubola
i moved my sl BACK to be+1 for the landlord (this guy is getting rich behind my back!!), giving up 8 pips profit. i don't want a W.B. to shake me out, but what will i do if i see a reversal pattern?? atm, unfortunately for me, don't know.

p.s. the power of ladies' swearing!! sl to where it was a minute ago
read my scenario 3..

but.. as a trader we live and die with our decisions eventually.. its a matter of choice and goals..
you had the chance to max profit for 40 at the test of recent LL.. or save 20 or risk it all to see if you can get one more shot at the LL and keep your bigtime runner option open.. any of the above are valid... the ball is in your court..
but be proud of yourself for how u have hang on and played the game so far... most times you will have got the bounty by now (+70 ++ by now)..
  • #13,337
  • Jan 15, 2010 6:28am Jan 15, 2010 6:28am
Long order now at 1.4398 for a potential early bullish ride. But we'll see.
You wont survive without preserving!!!
  • #13,338
  • Jan 15, 2010 6:33am Jan 15, 2010 6:33am
Hi FXA,

I am still in the trade (short 4399) because my goal is to catch that runner so I am willing to endure the frequent small losses. My SL is still at 4397 so there is no risk for me at this stage (+2 worst case scenario).
It is hard getting the mindset right to accept losses (to catch runners) but I think I have managed to overcome this hurdle quite easily after seeing the light .

Cheers,
B.
  • #13,339
  • Jan 15, 2010 6:35am Jan 15, 2010 6:35am
Quoting coronajazz
Long order now at 1.4398 for a potential early bullish ride. But we'll see.
With you there Jazz. I have my stop (for current short from 4399) at 4397 and a long order as well at the same level.
  • #13,340
  • Jan 15, 2010 6:37am Jan 15, 2010 6:37am
Quoting fxachilies
read my scenario 3..

but.. as a trader we live and die with our decisions eventually.. its a matter of choice and goals..
you had the chance to max profit for 40 at the w.b.. or save 20 or risk it all to see if you can get one more shot at the LL and keep your bigtime runner option open.. any of the above are valid... the ball is in your court..
but be proud of yourself for how u have hang on and played the game so far... most times you will have got the bounty by now (+70 ++ by now)..
one question.. does the fact that H of the day is 150pips away influence you at all? still in, by the way
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