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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)

  • #13,641
  • Jan 20, 2010 12:42am Jan 20, 2010 12:42am
out for -7.. my reasoning?

1) toomuch stalling around the LV for about 30min.. (no rhythym)
2) it gave a spring kinda look alike after some stalling side.. (speed), which could have easily run for much bigger..

total assesment.. price is not ready to break for a runner or a SF yet.. and i gave it enough time to do so..

now could have fooled me? sure .. thats fine i been fooled before.. all i can do is to give it a solid fight.. and lick my wounds and try again when i see my next setup..

that is a Expectancy play..

nice try fxa.. wash and rinse.. next

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  • #13,642
  • Jan 20, 2010 12:47am Jan 20, 2010 12:47am
out @ -9
  • #13,643
  • Jan 20, 2010 12:48am Jan 20, 2010 12:48am
FX!

Just one more question about the last trade.

Besides the time, does this HL sequence after the entry gives you at least a little heads up, kind of a bias towards where the next spring is gonna be or we are totally neutral, until it happens.
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You wont survive without preserving!!!
  • #13,644
  • Jan 20, 2010 12:50am Jan 20, 2010 12:50am
Quoting coronajazz
WOW!

Well I do not know for you folks. But this was one of the most valuable lessons I ve had.

"The spring after price stall". This is a diamond.


so Jazz.. now you see why i don't out a hard SL..


I eliminate the chance of the market to take my out early on one of its bitch ass deciving spikes and then resume for a runner..
and i don't settle for a automatic play and have a set 15pip sl to be hit when i see the price acting funny and not ready to go to my intended direction..

i think this should clear some stuff for you and everybody else..


i give it enough time and room to do its thing.. its like agive and take.. and you can not a put a squre box around it.. you to face it and be crafty and use expectancy.. and be ok with your decision.. and in the long run when u get plenty of practise under ur belt then it becomes automatic Nikolay machine with magic fingers.. lol
  • #13,645
  • Jan 20, 2010 12:57am Jan 20, 2010 12:57am
Quoting coronajazz
FX!

Just one more question about the last trade.

Besides the time, does this HL sequence after the entry gives you at least a little heads up, kind of a bias towards where the next spring is gonna be or we are totally neutral, until it happens.

i can care less much about that, when i have to pay much more attention to price at LV.. if it breaks lose then i am just sticking to the #1ply.. as far as i am concern that little drop is simply part of a bear swing that we could have been in.. its just a another candel in a chain of bear candel at that moment..

do not pay attention to candel stick formations.. we only use them here bcz of seeing the Price speed and rhythm.. thats it..
candel formation in min charts is useless.. in my opinion is useless over all.
  • #13,646
  • Jan 20, 2010 12:59am Jan 20, 2010 12:59am
Once again, thanks for the lesson, fxachilies. Really appreciate.
  • #13,647
  • Jan 20, 2010 1:03am Jan 20, 2010 1:03am
Awesome, Fx. New lesson to keep. Perfectly explained. Thanks.
  • #13,648
  • Jan 20, 2010 1:03am Jan 20, 2010 1:03am
Thanks FXA. It's been invaluable so far what we have learnt or shown.

By the way, we have just over 50 traders viewing this thread right now !
  • #13,649
  • Jan 20, 2010 1:07am Jan 20, 2010 1:07am
Quoting fxachilies
so Jazz.. now you see why i don't out a hard SL..


I eliminate the chance of the market to take my out early on one of its bitch ass deciving spikes and then resume for a runner..
and i don't settle for a automatic play and have a set 15pip sl to be hit when i see the price acting funny and not ready to go to my intended direction..

i think this should clear some stuff for you and everybody else..


i give it enough time and room to do its thing.. its like agive and take.. and you can not a put a squre box around it.. you to face...
He he

From your mouth to gods ears FX. Thanks.

Now I welcome the market to give me some more practice material.

Long order 1.4215 for the bracket. But alert for the other side too. Maybe 1.4170.
You wont survive without preserving!!!
  • #13,650
  • Jan 20, 2010 1:10am Jan 20, 2010 1:10am
Quoting Bakuli
Thanks FXA. It's been invaluable so far what we have learnt or shown.

By the way, we have just over 50 traders viewing this thread right now !
Very odd...

Now boys and girls, new brilliant generation, I hope you'll understand why we fight so merciless against those who love to come and get this holy thread dirty.
  • #13,651
  • Jan 20, 2010 1:15am Jan 20, 2010 1:15am
Long triggered now 1.4215. BB and G+ of course.
You wont survive without preserving!!!
  • #13,652
  • Jan 20, 2010 1:17am Jan 20, 2010 1:17am
In at 4213 at break of bracket. #2G+
  • #13,653
  • Jan 20, 2010 1:19am Jan 20, 2010 1:19am
Quoting coronajazz
Long triggered now 1.4215. BB and G+ of course.
I didn't take this one because I didn't like this direct move from the bottom of the bracket without any retracement (but be careful: I'm just a noob here)
  • #13,654
  • Jan 20, 2010 1:22am Jan 20, 2010 1:22am
Guys thank you all for your kind words and thank yous.


don't you love the fact that your not in this trade still?

can you imagine whats happenign to the guy that is still in this thing.. ufffffffffffff.. foget abow it.. lol

fear.. scared out of his mind for what if it breaks off the Bracket top..

Hopeing.. for it to bounce of the bracket and come back to his orginal entery so he can get out and than witness a bearish runner maybe..

Praying.. for the forex gods to show up to rescue..

Greed.. he just don't want to close it for a 30pips loss.. to only endup with a bigger loss later on, perhaps -80.
lets face it.. we all been there.


but now our defensive plays keeps us safe from such situations for the most part.. I hope..

this is where G+ serves its purpose best, and its nothing more than what i learned from feb when he thought us the benefit of expectancy and naked eye trading.
  • #13,655
  • Jan 20, 2010 1:26am Jan 20, 2010 1:26am
i'm doing the long swear song
  • #13,656
  • Jan 20, 2010 1:29am Jan 20, 2010 1:29am
guys everybody say hello to Mr. Macdaddy.. ..

i think he is going south on me.. lol
  • #13,657
  • Jan 20, 2010 1:30am Jan 20, 2010 1:30am
Quoting fmarcia
I didn't take this one because I didn't like this direct move from the bottom of the bracket without any retracement (but be careful: I'm just a noob here)
Fmarcia. I know about those theories, like the price may be exausted from the long run, but I just want to be a Forest Gump here and forget about all I ve learned so far. The direct move from the bottom may also mean that price just want to go higher. Who knows?

I would think about waiting for a pullback (not entering directly for the BB), only on the short side now, because I ve paid once to find out that it has trouble going down. I have not yet explored the long side today, with a loss, so that is why I think it was worth a shot.
You wont survive without preserving!!!
  • #13,658
  • Jan 20, 2010 1:33am Jan 20, 2010 1:33am
Out of the long -9.
You wont survive without preserving!!!
  • #13,659
  • Edited 1:41am Jan 20, 2010 1:34am | Edited 1:41am
Quoting fxachilies
Guys thank you all for your kind words and thank yous.


don't you love the fact that your not in this trade still?

can you imagine whats happenign to the guy that is still in this thing.. ufffffffffffff.. foget abow it.. lol

fear.. scared out of his mind for what if it breaks off the Bracket top..

Hopeing.. for it to bounce of the bracket and come back to his orginal entery so he can get out and than witness a bearish runner maybe..

Praying.. for the forex gods to show up to rescue..

Greed.....
Such true words to describe the journey every trader will go through. And most importantly how one can ensure not to repeat that journey by sticking to the plan we have here.
I am certainly benefitting from the PLAN and my account shows .
  • #13,660
  • Jan 20, 2010 1:35am Jan 20, 2010 1:35am
Quoting coronajazz
Fmarcia. I know about those theories, like the price may be exausted from the long run, but I just want to be a Forest Gump here and forget about all I ve learned so far. The direct move from the bottom may also mean that price just want to go higher. Who knows?

I would think about waiting for a pullback (not entering directly for the BB), only on the short side now, because I ve paid once to find out that it has trouble going down. I have not yet explored the long side today, with a loss, so that is why I think it was worth a shot.
I'm not sure, but anyway, it's worth it: there's no offence in my post, neither any assertion. Anytime I post something, it's actually a question. I always hope the master will kick my ass or agree with me.
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