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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)

  • #14,161
  • Jan 26, 2010 12:40am Jan 26, 2010 12:40am
Quoting Bakuli
I think we have a BB set-up shaping up nicely here.

like for me - I would consider only catching reversal trades after so big drop down... for continuous trade I would wait more longer consolidation.

So for now - I have only BUY order above 4086.
  • #14,162
  • Jan 26, 2010 12:44am Jan 26, 2010 12:44am
Quoting dim4ik42
like for me - I would consider only catching reversal trades after so big drop down... for continuous trade I would wait more longer consolidation.

So for now - I have only BUY order above 4086.
That's a good plan. How long do you usually like a consolidation period to be before you consider a BB trade ? 1 hour, 2 hour ? Question is to everybody not just Dim. Would be nice to know. I usually go from half hour onwards ( too short?).
  • #14,163
  • Jan 26, 2010 12:46am Jan 26, 2010 12:46am
Morning traders
my orders active....
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  • #14,164
  • Jan 26, 2010 12:49am Jan 26, 2010 12:49am
Quoting Bakuli
That's a good plan. How long do you usually like a consolidation period to be before you consider a BB trade ? 1 hour, 2 hour ?

I am no sure about the time.... but I want tosee market really dead in some consolidation. It is when may be it bounce from each side some times... or jaming up.....

I think it is more by intuition...

Like for now - I think we even still have no clear low boundary. It is still in developing IMO.

Regarding half hours or so - some times even retrace can be 40 minutes... and it is still retrace... So - I think - it is more question about feeling and seeing forms rather than time-question.
  • #14,165
  • Jan 26, 2010 12:54am Jan 26, 2010 12:54am
Quoting dim4ik42
I am no sure about the time.... but I want tosee market really dead in some consolidation. It is when may be it bounce from each side some times... or jaming up.....

I think it is more by intuition...

Like for now - I think we even still have no clear low boundary. It is still in developing IMO.

Regarding half hours or so - some times even retrace can be 40 minutes... and it is still retrace... So - I think - it is more question about feeling and seeing forms rather than time-question.
Thanks Dim. Gosh, I am bored stiff waiting for something to happen. Good job we have the thread here to keep us from going insane and get trigger happy finger! Lol!
  • #14,166
  • Jan 26, 2010 12:57am Jan 26, 2010 12:57am
Ok, I am in to the long side. My short just closed @ 4089, my entry level too.
  • #14,167
  • Jan 26, 2010 12:58am Jan 26, 2010 12:58am
In reversal (long) trade now.
  • #14,168
  • Jan 26, 2010 1:10am Jan 26, 2010 1:10am
Out for -10
  • #14,169
  • Jan 26, 2010 1:12am Jan 26, 2010 1:12am
Quoting dim4ik42
In reversal (long) trade now.
G+ in play -10 out
  • #14,170
  • Jan 26, 2010 1:13am Jan 26, 2010 1:13am
G+ play . Didn't like that red candle coming at me. So bailed out. But have set a re-entry at 4099 just in case I was deceived earlier.
  • #14,171
  • Jan 26, 2010 1:16am Jan 26, 2010 1:16am
Quoting dim4ik42
G+ in play -10 out
Dim, we are synchronized here, both went out at same time, lol!
  • #14,172
  • Jan 26, 2010 1:19am Jan 26, 2010 1:19am
hello,
what a nice asian 100 poper.. i hope most of you zombies took advantage of that.. lol.. lets see if the Britts can revese that for us or keep it going..
I be here all day trading along side of you..
lets just do it.......
  • #14,173
  • Jan 26, 2010 1:21am Jan 26, 2010 1:21am
Quoting Megara
I wash rinse and repeat without fail and got my prey
i wish my e/u chart looked like that
  • #14,174
  • Jan 26, 2010 1:22am Jan 26, 2010 1:22am
Quoting Megara
I wash rinse and repeat without fail and got my prey

keep it to only E/U charts in here please..

one timeframe one currency..

Thank you.
  • #14,175
  • Jan 26, 2010 1:26am Jan 26, 2010 1:26am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting FOURX
i wish my e/u chart looked like that
Been waiting for EU to break the range too. let's load our gun and be ready fren
Shake it off!Lick the Wound,Prey Again!
  • #14,176
  • Jan 26, 2010 1:27am Jan 26, 2010 1:27am
Quoting kasrabehrad
Morning traders
my orders active....
hi kasra..

can you tell me what are both your sell trades based on? and what are the long orange line?
  • #14,177
  • Jan 26, 2010 1:32am Jan 26, 2010 1:32am
hello dear friend
its 2 braket last days
is it (my attitude ) correct?
tnx
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  • #14,178
  • Jan 26, 2010 1:35am Jan 26, 2010 1:35am
The cost of a hallucinated fcr !

Took a BB @ 4167
Went on a imaginary fcr @4112, exiting for -10 loss.
Took a re-entry on a 123 continuation signal 4097 and eventually exiting at 4089.

If I had not made that mistake with the imaginary fcr, my net gain would have been 4167 - 4089 = +78

The mistake with the fcr cost me -10 for the failed trade and -15 by the time I rejoined the bus 4112 -4097 = 15.

So, because I was hallucinated and imagined a fcr, I gave back a total of 25 pips.

Because of mistake, my net gain was reduced from +78 t0 +53.

I have to put the mistake cost down as tuition fee (lol, just to make myself feel better)
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  • #14,179
  • Jan 26, 2010 1:47am Jan 26, 2010 1:47am
Quoting kasrabehrad
hello dear friend
its 2 braket last days
is it (my attitude ) correct?
tnx
No.. your attitude is worng... you need to trade with more attitude and get in early on the bus.. (you know its not gonna be always so nice with a 100 poper)..

my friend..
yesterday belongs to yesterday.. forget all that s/r stuff from the past.. they all are meant to get creamed sooner or later but do not let it effect you daily trading.. you are trading the 5m noise charts.. that means you got a better chances of survival if you take the earliest entry according to our setups with defensive plays to go with it in the case of fake outs and bank on runners or presever when you have too..
i show you how that asian session should have been play..
watch the chart..

http://cdn.forexfactory.com/images/attach/gif.gif
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  • #14,180
  • Jan 26, 2010 1:51am Jan 26, 2010 1:51am
Quoting Bakuli
The cost of a hallucinated fcr !

Took a BB @ 4167
Went on a imaginary fcr @4112, exiting for -10 loss.
Took a re-entry on a 123 continuation signal 4097 and eventually exiting at 4089.

If I had not made that mistake with the imaginary fcr, my net gain would have been 4167 - 4089 = +78

The mistake with the fcr cost me -10 for the failed trade and -15 by the time I rejoined the bus 4112 -4097 = 15.

So, because I was hallucinated and imagined a fcr, I gave back a total of 25 pips.

Because of mistake, my net gain was reduced from...
I sum it up for you in one sentence:

wait for a damn loop and keep playing #1ply sc1.. solved.
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