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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)

  • #13,501
  • Jan 19, 2010 12:12am Jan 19, 2010 12:12am
Quoting danielwpc
Hi Fx,

Thanks for your reply!

The book is about 275 pages. It is called "trading for a living" by alexander elder, very easy to search it with google. Persoanally I think it is a very good book to read as it conver different aspects in regard to trading.

It is a preview link:

http://books.google.com.au/books?id=...age&q=&f=false

Let me know if there is...
thanks for the reference to the book appreciated.. but i am not interesed in reading manuals/books in general..

i want to know if you would have made the time to read this book if it was 900pgs?

Thank you.
  • #13,502
  • Jan 19, 2010 12:27am Jan 19, 2010 12:27am
Good morning all ! Hope all have been well rested and ready for the beast!
  • #13,503
  • Jan 19, 2010 1:15am Jan 19, 2010 1:15am
A risky ?FCR1 I took earlier. The battle is still on around the LV line. Have moved SL to 5 pips below to protect. Risking 8 pips now for this trade. Could this be the start of that elusive runner ? Who knows? If it's not, wash, rinse and repeat !

ps. Would you call that an FCR1 when it's in a bracket ? And I am using #1 defensive play for this. Correct? Any feedback welcomed.
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  • #13,504
  • Jan 19, 2010 1:31am Jan 19, 2010 1:31am
Trade update.
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  • #13,505
  • Jan 19, 2010 1:37am Jan 19, 2010 1:37am
good morning all, I see the early birds are already up and catching worms ...
  • #13,506
  • Jan 19, 2010 1:57am Jan 19, 2010 1:57am
At the risk of being shot, hung and quartered, I have attached an indicator to help you from getting square eyes (staring at the screen all the time) .

Basically what it does is give off a sound alert when a certain level is touched. That way you don't have to keep staring at the computer screen. I use it to alert me to the levels I am watching, interested in, without having to be glued to the screen. That then allows me to feel more relaxed to read, trawl the forum, etc.. I think it's a really useful tool.

B.
  • #13,507
  • Jan 19, 2010 2:02am Jan 19, 2010 2:02am
Thanks for sharing, B

As you stated, it's a tool, not an indi.

Edit: mmm, it doesn't use manual settings but computes its own levels...

Quoting Bakuli
At the risk of being shot, hung and quartered, I have attached an indicator to help you from getting square eyes (staring at the screen all the time) .

Basically what it does is gives off a sound alert when a certain level is touched. That way you don't have to keep staring at the computer screen. I use it to alert me to the levels I am watching, interested in, without having to be glued to the screen. That then allows me to feel more relaxed to read, trawl the forum, etc.. I think it's a really useful tool.

B.
  • #13,508
  • Jan 19, 2010 2:09am Jan 19, 2010 2:09am
Taken out for +2. Now reversed, on short from 4398 (bracket trade or fcr 1? )
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  • #13,509
  • Jan 19, 2010 2:19am Jan 19, 2010 2:19am
hey guys i have been followin dis trhread for quite some time now.
excellent work by FEB & Fx .
I took this trade on fcr breakout of 1.4400.
thnx.
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  • #13,510
  • Jan 19, 2010 2:29am Jan 19, 2010 2:29am
Quoting Bakuli
Taken out for +2. Now reversed, on short from 4398 (bracket trade or fcr 1? )
Don't like the PA. Moved SL to 4406 (5 pips above LV) to protect. risk reduced to 8 pips from initial 20. Now it can do what it wants.
  • #13,511
  • Jan 19, 2010 2:31am Jan 19, 2010 2:31am
I think I better shut up and let the boss speak.
  • #13,512
  • Jan 19, 2010 2:45am Jan 19, 2010 2:45am
Quoting spearfx
hey guys i have been followin dis trhread for quite some time now.
excellent work by FEB & Fx .
I took this trade on fcr breakout of 1.4400.
thnx.
Hi Spear,
Welcome. I am with you on that one. Mr. Market doesn't want to play ball yet. I am still in but have moved my SL to minimise my risk. Playing #2G defence with this trade.

Cheers,
B
  • #13,513
  • Jan 19, 2010 2:52am Jan 19, 2010 2:52am
few weeks back fxachilies gave a post pointing to important posts to read first on this thread.

Can someone please point to it. Thanks in advance

TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #13,514
  • Jan 19, 2010 2:54am Jan 19, 2010 2:54am
Quoting Bakuli
Hi Spear,
Welcome. I am with you on that one. Mr. Market doesn't want to play ball yet. I am still in but have moved my SL to minimise my risk. Playing #2G defence with this trade.

Cheers,
B
Hi Bakuli,
i have also moved my sl.
lets see how it pans out.
  • #13,515
  • Jan 19, 2010 2:56am Jan 19, 2010 2:56am
Quoting TradeStar
few weeks back fxachilies gave a post pointing to important posts to read first on this thread.

Can someone please point to it. Thanks in advance

TS
Try this
http://www.forexfactory.com/showpost...ostcount=13195
  • #13,516
  • Jan 19, 2010 2:59am Jan 19, 2010 2:59am
Quoting spearfx
Hi Bakuli,
i have also moved my sl.
lets see how it pans out.
Yeah. The battle at LV coral is intensive ! Lol. I think if we get taken out, then we should just wait for a bracket trade. Currently all this trading inside the bracket is more risky. Just my 2 cents (or pennies).
  • #13,517
  • Jan 19, 2010 3:00am Jan 19, 2010 3:00am
Looks like the 30 pip chop monster is still alive and well. He just moved North a few pips during the night. But he has still got to wake up sometime...
  • #13,518
  • Jan 19, 2010 3:03am Jan 19, 2010 3:03am
Quoting fxachilies
thanks for the reference to the book appreciated.. but i am not interesed in reading manuals/books in general..

i want to know if you would have made the time to read this book if it was 900pgs?

Thank you.
Hi Fx,

Couldn't remember when I was started having reading as interest. I only read self improvement and what i am working on. Sometime doesn't matter how big or small the book is, I believe is one idea can change your life if you find it. So if the book is interesting and inspire, I will read no matter how many pages (I have done more then 900 pages before).

Have you been trading in the last two days with EU? It looks to me within a trading range, in case like this, would you trade suppot / resistance or just wait for the break out?

Thanks!

Daniel
  • #13,519
  • Jan 19, 2010 3:03am Jan 19, 2010 3:03am
C'mmon, drop you %%%%%%%% !!! We need Bubola's support here. Lol!
  • #13,520
  • Jan 19, 2010 3:03am Jan 19, 2010 3:03am
Quoting Bakuli
Try this
http://www.forexfactory.com/showpost...ostcount=13195
Thanks
Haste not to Enter AND Haste not to Exit !-TradeStar
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