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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)

  • #14,501
  • Jan 27, 2010 9:56am Jan 27, 2010 9:56am
Quoting DesertFX
Big failure at 2nd Hurdle ....

This is where my emotions fly .... not sure what to do .... will see .... the FCR far away so makes my emotions much higher.
  • #14,502
  • Jan 27, 2010 10:06am Jan 27, 2010 10:06am
Quoting fxachilies
ok.....

Brother Fxa,

I hear you loud and clear....excellent explanation! Thank you for sharing your wise perspective.

Unus pro omnibus, omnes pro uno
  • #14,503
  • Jan 27, 2010 10:08am Jan 27, 2010 10:08am
Quoting DesertFX
This is where my emotions fly .... not sure what to do .... will see .... the FCR far away so makes my emotions much higher.
FX any advice here bro?
  • #14,504
  • Jan 27, 2010 10:15am Jan 27, 2010 10:15am
Moved stop to 1.4046.
  • #14,505
  • Edited 10:36am Jan 27, 2010 10:21am | Edited 10:36am
Quoting DesertFX
FX any advice here bro?

My plan for what it's worth.
Entered at 64 now at 40 after a deeeeeep retrace.
Weathered that and we're still in with a series of lower highs. and an attempt to get beyond the most recent high failed. How it behaves if it retraces through that - speed/momentum matters.

It's got to be worth waiting for a new attempt at that low low, and if it fails then can reassess the pace/momentum of the retrace. My Sl is at 58 so I can't lose if there is some terrible spike and price has room to breathe.

Approaching the the day's low at 20 as you pointed out. If she breaks through that who knows when the next resistance will be - and we'll be laughing. Ha ha - out at 52
$urvive, Pre$erve & RESPECT THE TEACHER
  • #14,506
  • Jan 27, 2010 10:27am Jan 27, 2010 10:27am
Quoting DesertFX
Moved stop to 1.4046.

Just stopped out at 1.4046.
  • #14,507
  • Jan 27, 2010 10:30am Jan 27, 2010 10:30am
long at 46
  • #14,508
  • Jan 27, 2010 10:33am Jan 27, 2010 10:33am
Quoting mac1956
My plan for what it's worth.
Entered at 64 now at 40 after a deeeeeep retrace.
Weathered that and we're still in with a series of lower highs. and an attempt to get beyond the most recent high failed. How it behaves if it retraces through that - speed/momentum matters.

It's got to be worth waiting for a new attempt at that low low, and if it fails then can reassess the pace/momentum of the retrace. My Sl is at 58 so I can't lose if there is some terrible spike and price has room to breathe.

Approaching the the day's low at 20 as you pointed...

Cheers Mac .... bro I got stopped out at 1.4046. The latest hi i saw and FCR.
  • #14,509
  • Jan 27, 2010 10:40am Jan 27, 2010 10:40am
Quoting DesertFX
Just stopped out at 1.4046.
Great job. Really well done.
  • #14,510
  • Jan 27, 2010 10:44am Jan 27, 2010 10:44am
got company for dinner, see you tomorow, good luck to all for the rest of the session
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  • #14,511
  • Jan 27, 2010 10:59am Jan 27, 2010 10:59am
Quoting elizo
Great job. Really well done.
Thank you Elizo ... most appreciated my friend.
  • #14,512
  • Jan 27, 2010 11:00am Jan 27, 2010 11:00am
Reviewing the day - there is no point playing a smartarse like I did with my overcomplex bullshit onthe short trade this afternoon - the plan is the best course of action - ah, it is so much fun this... in the pluses for the day so I'm happy - but work to do in cultivating the Gump mentality again. Thanks everyone for your great example - living and learning as always. I Lerve the Family.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #14,513
  • Jan 27, 2010 11:32am Jan 27, 2010 11:32am
I tried once more to put myself in the driver seat before the FOMC (I have to take that FXA 600 pipper sometimes) at the EE FCR for long but got out at BE because of the WR (dont you just love this shortcuts).

See you all tommorow.
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You wont survive without preserving!!!
  • #14,514
  • Jan 27, 2010 11:48am Jan 27, 2010 11:48am
Todays trades.

I am beginning to appreciate what "loopiness" is. I have been used to taking a lot of notice of individual bar shapes with quite zoomed in charts. Now I see why fxa has bars squeezed much more closely together, with the chart zoomed out more than I am used to. This makes it easier to see "loopiness". It is also a "fuzzy concept" which means it is hard to apply rules to it, lol...

thanks for the lessons today, fxa, your post 14403

Quoting fxachilies

lets get this straight then i tell why i did hold my trade from my postion and what you were supposed to do in your postition..

thank you.
started me thinking how a traders response to a situation is not just dictated by what the the bars are doing on the chart, but by his "exposure" to the market, whether he is in a "strong" position and can afford to be more flexible with the market's cash, versus if he is in a "weak" position where the same set of bars means it becomes the trader's cash at risk. A good lesson.
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  • #14,515
  • Jan 27, 2010 11:55am Jan 27, 2010 11:55am
Quoting coronajazz
I tried once more to put myself in the driver seat before the FOMC (I have to take that FXA 600 pipper sometimes) at the EE FCR for long but got out at BE because of the WR (dont you just love this shortcuts).

See you all tommorow.
Can anyone point me at the post where FX introduced the WB etc abbreviations I read it at the time but as an idiot I did not book mark it

Thanks
Dance with the market .. I have two left feet
  • #14,516
  • Jan 27, 2010 12:21pm Jan 27, 2010 12:21pm
Quoting narberth
Can anyone point me at the post where FX introduced the WB etc abbreviations I read it at the time but as an idiot I did not book mark it

Thanks
Sorry I didn't bookmark it so can't point you to that post.
WB = Weak breakout, WR = Weak resume
  • #14,517
  • Jan 27, 2010 12:32pm Jan 27, 2010 12:32pm
Quoting Bakuli
Sorry I didn't bookmark it so can't point you to that post.
WB = Weak breakout, WR = Weak resume
Thank you
Dance with the market .. I have two left feet
  • #14,518
  • Jan 27, 2010 12:33pm Jan 27, 2010 12:33pm
Quoting narberth
Can anyone point me at the post where FX introduced the WB etc abbreviations I read it at the time but as an idiot I did not book mark it

Thanks
here's link to the post

http://www.forexfactory.com/showpost...ostcount=12897
  • #14,519
  • Jan 27, 2010 1:25pm Jan 27, 2010 1:25pm
news has been released for about 10min.. first reaction is bearish..
i am looking to take the pull.. so still waitin for the dust to settle..
  • #14,520
  • Jan 27, 2010 1:29pm Jan 27, 2010 1:29pm
Quoting fxachilies
news has been released for about 10min.. first reaction is bearish..
i am looking to take the pull.. so still waitin for the dust to settle..
are you going to take pull with an fcr?
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