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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)

  • #13,461
  • Jan 18, 2010 4:00am Jan 18, 2010 4:00am
Quoting coronajazz
Order short now 1.4362!!! Still shaping up so dont know still if it would be 123S or 123D. Will play apropriate defence in accordance to the development.
And long order now too @1.4381, setup FCR1, defensive #2.
You wont survive without preserving!!!
  • #13,462
  • Jan 18, 2010 4:00am Jan 18, 2010 4:00am
may have a FCR1 at 4380 (4377). Buy stop set at 4380.
  • #13,463
  • Jan 18, 2010 4:06am Jan 18, 2010 4:06am
Long order triggered. SL at 1.4365. #2 in case of a fakeout. Lets see what the market is up to now.
You wont survive without preserving!!!
  • #13,464
  • Jan 18, 2010 4:35am Jan 18, 2010 4:35am
Using IF and THEN..
Long @ 4380 123D, #2G+
IF PA tries for a HH but fails, will exit at BE then look for re-entry @ 4377 on the basis of double top, BB, FCR1
  • #13,465
  • Jan 18, 2010 4:39am Jan 18, 2010 4:39am
Quoting coronajazz
Long order triggered. SL at 1.4365. #2 in case of a fakeout. Lets see what the market is up to now.
Jazz, are you still in ? I am still in, watching it very closely. My stop is just below the fractal at 4368 (4365)
  • #13,466
  • Jan 18, 2010 4:44am Jan 18, 2010 4:44am
Quoting ready
Using IF and THEN..
Long @ 4380 123D, #2G+
IF PA tries for a HH but fails, will exit at BE then look for re-entry @ 4377 on the basis of double top, BB, FCR1
Hi Ready,
I think that long at 4380 is called a FCR1. It's a reversal set-up. Perhaps one of the seniors can give us feed-back here. Is it a 123D or FCR1 ?
Anyway, whatever it is called, it's a valid set-up, lol!
Are you still in ?

B.
  • #13,467
  • Jan 18, 2010 4:45am Jan 18, 2010 4:45am
Quoting Bakuli
Jazz, are you still in ? I am still in, watching it very closely. My stop is just below the fractal at 4368 (4365)
Still long yes. Leveline is still not touched. Waiting to see if it can break 1.4387 to move my stop higher.
You wont survive without preserving!!!
  • #13,468
  • Jan 18, 2010 4:48am Jan 18, 2010 4:48am
Quoting Bakuli
Hi Ready,
I think that long at 4380 is called a FCR1. It's a reversal set-up. Perhaps one of the seniors can give us feed-back here. Is it a 123D or FCR1 ?
Anyway, whatever it is called, it's a valid set-up, lol!
Are you still in ?

B.
Hi B
Still in but finger on the trigger button, could be settling into a bracket so might exit soon..

I think 123D and FCR1 both apply .. how's that for diplomacy!!
  • #13,469
  • Jan 18, 2010 4:50am Jan 18, 2010 4:50am
I closed this long at BE as I'm not comfortable with the time, rhythm and speed of the PA.
  • #13,470
  • Jan 18, 2010 4:51am Jan 18, 2010 4:51am
Quoting ready
Hi B
Still in but finger on the trigger button, could be settling into a bracket so might exit soon..

I think 123D and FCR1 both apply .. how's that for diplomacy!!
  • #13,471
  • Jan 18, 2010 4:56am Jan 18, 2010 4:56am
Out @ BE
Not going for re-entry yet as PA seems static. Will wait for clearer setup.
  • #13,472
  • Jan 18, 2010 4:57am Jan 18, 2010 4:57am
Now its confronting the levelline. I dont like the speed too much though.
You wont survive without preserving!!!
  • #13,473
  • Jan 18, 2010 5:06am Jan 18, 2010 5:06am
I'm short now, after the breakout near 4379. The price stalls under the level atm. No clear intention.

But I'm afraid this is neither a bb nor a fcr1. Is it?

I will play this one 2G+ anyway.
  • #13,474
  • Jan 18, 2010 5:10am Jan 18, 2010 5:10am
Quoting fmarcia
I'm short now, after the breakout near 4379. The price stalls under the level atm. No clear intention.

But I'm afraid this is neither a bb nor a fcr1. Is it?

I will play this one 2G+ anyway.
Even if it is , it is too close to the double bottom FCR 1 that we went long off an hour ago. So , you know what to do when FCR`s are coming to close to each other.


By the way I am out of the long trade -8.
You wont survive without preserving!!!
  • #13,475
  • Jan 18, 2010 5:12am Jan 18, 2010 5:12am
Bailing out if market goes back to 4870 for a -10.
  • #13,476
  • Jan 18, 2010 5:17am Jan 18, 2010 5:17am
guys this is as fcr as it could get.. so fcr1..
for 123D.. longer swing, deep retrace.. risky, but nice long runners come off of it..
123s.. long swing, short retrace.. our ideal classic 123 setup..

fcr1.. mostly short swings, short retrace.. like a double bottom look a like most times..

fcr2.. straight break aways of the PB of prevuois swing.. risky.. but nice runner comes off of it..

I hope its clear now..
  • #13,477
  • Jan 18, 2010 5:18am Jan 18, 2010 5:18am
Quoting Bakuli
Hi Ready,
I think that long at 4380 is called a FCR1. It's a reversal set-up. Perhaps one of the seniors can give us feed-back here. Is it a 123D or FCR1 ?
Anyway, whatever it is called, it's a valid set-up, lol!
Are you still in ?

B.
Good morning guys...
PA is quite slow till now, but sooner or later it is gonna move.......

In my humble opinion It was a FCR1 after the fakeout on the BB....
Some times this is a very common move from the market, It tries to break the bracket in one direction, but it can't, forming a double top/bottom and the break of the FCR formed tends to be a very good opportunity to go with.... Although today it is not giving by now....

Anyways, the FCR has to be treated aggresively IMHO because price just goes into the bracket again, so if you are in trouble I'd personally go with the G+... It looks for me different than a defensive move for a FCR1 when market is trending..... The Master will clarify this much better than me...

Hope it helps....
  • #13,478
  • Jan 18, 2010 5:29am Jan 18, 2010 5:29am
This is a valid trading method too!!!!
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You wont survive without preserving!!!
  • #13,479
  • Jan 18, 2010 5:48am Jan 18, 2010 5:48am
ok.. watch the chart... pretty self explanitory..

this thing is flat and choppy in a 28 pips range..

the guys who been reminding us the whole day that there is a U.S HOLIDAYS.. now say... I told you so..

ok.. but i got to find out for myself.. market has to prove it to me that the suckers are not really gonna do anything today to move the market..

so.. I took a shot at point A once.. just to test the water at EUR open and before London open.. then again after the London open.. the cost to me: 0-2 for -12.. (-4, -8)

so.. i took two shots to make sure it is going to be flat.. not just asuming hands down bcz its holiday no move will be happening behind the close doors..
so my two shots assured me of not missing anything at now harm.. and now its pretty clear that whats happening..
when its revealed to you that it is flat then all the fcr and 123 are out the window.. we need to see a fresh nice long swing or some kind of a solid speed other tham todays speed range.. what u dont want to do it to trade inside a flat range time..
not missing a opportunity or taking all the shots.. its totally different than.. trading inside of a obvious flat market..
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  • #13,480
  • Jan 18, 2010 5:50am Jan 18, 2010 5:50am
TRADE 1: SS -W.B. -FCR1 – To me, not the most convincing FCR1 but PROFITABLE R/R. Plan was to see a reaction at LL. SL was above HH, but I misplaced it and got taken out, -12

TRADE 2. LONG - FCR 1 – Closed @-4 on 2nd candle after small range bk, waited to see if it would be a fakeout. Not in SS after break, I reasoned that I'm in the middle of the choppy range.

ATM, battling with platform and spread calculation
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