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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)

  • #14,041
  • Jan 25, 2010 1:49am Jan 25, 2010 1:49am
Congrats to everyone still in the trade. Must admit I was near to pressing the button when PA started messing around the LV but stuck to the plan with my SL at 5 pips above LV.
  • #14,042
  • Jan 25, 2010 1:50am Jan 25, 2010 1:50am
Stop pussy footing about! Get down there you %%%%%%%%%%%%%!!!!!!!
  • #14,043
  • Jan 25, 2010 1:57am Jan 25, 2010 1:57am
Quoting ready
Congrats to everyone still in the trade. Must admit I was near to pressing the button when PA started messing around the LV but stuck to the plan with my SL at 5 pips above LV.
I had my SL 15 pips from trigger line but was keeping a close eye on the zone from the LV to around 10 pips above. I believe Fx said to give it 10 to 15 pips breathing space but keeping a very close eye on the PA with regards to speed of candle coming at you. It's an art (quote from Fx) so we just need to keep practicing till we get that intuitive feeling when to bail and when to allow it to breathe a little more.
  • #14,044
  • Jan 25, 2010 1:59am Jan 25, 2010 1:59am
counter-fcr in formation?
  • #14,045
  • Jan 25, 2010 2:01am Jan 25, 2010 2:01am
I have moved my SL to 4156 (3 pips above fcr), so max risk now -7 should price return back above the LV. I won't be taking that reversal trade as it's back into the bracket and more risky, imho. But WDWK ? Lol!
  • #14,046
  • Jan 25, 2010 2:04am Jan 25, 2010 2:04am
Out at 4151, -3.
  • #14,047
  • Jan 25, 2010 2:07am Jan 25, 2010 2:07am
Am still in as SL at 4157. Was a very close shave, came within 1 pip of closing me out.
  • #14,048
  • Jan 25, 2010 2:07am Jan 25, 2010 2:07am
Quoting Bakuli
Am still in as SL at 4157. Was a very close shave, came within 1 pip of closing me out.
0.2 pip for me!
  • #14,049
  • Jan 25, 2010 2:09am Jan 25, 2010 2:09am
Quoting fmarcia
0.2 pip for me!
Wow ! That's close ! Lol!
  • #14,050
  • Jan 25, 2010 2:10am Jan 25, 2010 2:10am
closed me out at 4157....close one

Quoting Bakuli
Am still in as SL at 4157. Was a very close shave, came within 1 pip of closing me out.
I follow THE PLAN to Survive & Preserve..
  • #14,051
  • Jan 25, 2010 2:13am Jan 25, 2010 2:13am
It's playing mind games with us. Very near first hurdle now. Go on drop you sweet little thing !(trying a bit of reverse psychology now, lol!)
  • #14,052
  • Jan 25, 2010 2:14am Jan 25, 2010 2:14am
Quoting kishou
closed me out at 4157....close one
Sorry to hear that. I am still in with my SL there at 4157 ( I am with a spreadbetting broker in UK).
  • #14,053
  • Jan 25, 2010 2:17am Jan 25, 2010 2:17am
Oanda...high was 41573... no worries
Wash,rinse

I feel like Tsonga....so close to match...no start again!! lol

Quoting Bakuli
Sorry to hear that. I am still in with my SL there at 4157 ( I am with a spreadbetting broker in UK).
I follow THE PLAN to Survive & Preserve..
  • #14,054
  • Jan 25, 2010 2:19am Jan 25, 2010 2:19am
Quoting kishou
Oanda...high was 41573... no worries
Wash,rinse
Yeah, no worries mate, like you say wash, rinse...I like your positive attitude !
  • #14,055
  • Jan 25, 2010 2:22am Jan 25, 2010 2:22am
Quoting Bakuli
Wow ! That's close ! Lol!
I'm just applying the plan: bb setup => sl @ 5 pips + spread above the level

Though, I didn't feel comfortable with this counter-fcr! But the price was back in the bracket. So I decided it's worth to let it opened.
  • #14,056
  • Jan 25, 2010 2:28am Jan 25, 2010 2:28am
Quoting Bakuli
I had my SL 15 pips from trigger line but was keeping a close eye on the zone from the LV to around 10 pips above. I believe Fx said to give it 10 to 15 pips breathing space but keeping a very close eye on the PA with regards to speed of candle coming at you. It's an art (quote from Fx) so we just need to keep practicing till we get that intuitive feeling when to bail and when to allow it to breathe a little more.
i second..
  • #14,057
  • Jan 25, 2010 2:41am Jan 25, 2010 2:41am
Ok, I am moving my SL now to BE as it's 2 pips above the LH. Market not very giving just yet so am going to protect my position. Now risk free trade to test the market.
  • #14,058
  • Jan 25, 2010 2:46am Jan 25, 2010 2:46am
out of the short trade -4
You wont survive without preserving!!!
  • #14,059
  • Jan 25, 2010 2:47am Jan 25, 2010 2:47am
Quoting Bakuli
Ok, I am moving my SL now to BE as it's 2 pips above the LH. Market not very giving just yet so am going to protect my position. Now risk free trade to test the market.
Lol! Spoke too soon. Taken out for BE.
  • #14,060
  • Jan 25, 2010 2:52am Jan 25, 2010 2:52am
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