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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)

  • #14,601
  • Jan 28, 2010 3:05am Jan 28, 2010 3:05am
Quoting dim4ik42
Ok! Still hold this long.... Sc1 is in play.... Text-book example.

I am cheering for you DIM ! Nice Sc1 play. You are sticking to your plan and that's good. I gave myself a pat on the back too for sticking to my plan although I am out of the race now.
  • #14,602
  • Jan 28, 2010 3:12am Jan 28, 2010 3:12am
Quoting mac1956
Wow - thanks for the feedback Sed old chap - but I am concerned about
the broken glass bit - sounds a bit like punishment to me. The beauty of FX's approach is that it is simple - really, really simple - genius...and it is our minds that complicate it and turn it into a struggle. Fx always comes to the party with a laugh "BAAAAAAAAAAAAAAAMMMMMMM" - his temperament is unshakably positive - not through pretence, but because he knows the runners come, and he keeps it simple. Forrest Gump - no sophisticated thinking - no struggle - just wash-rinse-repeat....

Mac ... buddy you know something ... I do think we over complicate matters ... sometimes it really is much simpler ... yet we endeavour to ma appear complicated ... almost as to say if we complicate it , it will be better hahahahaha
  • #14,603
  • Jan 28, 2010 3:13am Jan 28, 2010 3:13am
Where is our main buddy FX today ))) .... ???
  • #14,604
  • Jan 28, 2010 3:13am Jan 28, 2010 3:13am
We are seeing early signs of WR happening now .
  • #14,605
  • Jan 28, 2010 3:17am Jan 28, 2010 3:17am
Seems like a potential BB forming 1.4051 / 1.4021
  • #14,606
  • Edited 3:22am Jan 28, 2010 3:17am | Edited 3:22am
should another fcr develop here, you know what it means, right? chop monster ahead
  • #14,607
  • Jan 28, 2010 3:17am Jan 28, 2010 3:17am
Quoting mac1956
I have thought about this a great deal and incorporated it into my trading – so I hope this is useful to someone out there…if not just ignore this as the rantings of a mad scientist.
Jeez, nice post mac
  • #14,608
  • Jan 28, 2010 3:20am Jan 28, 2010 3:20am
Have now been in this long for just shy of 2 hours, it has not tested the HH yet, but appears to be chopping around now (forming a bracket), as previously mentioned, i am starting to think of closing the long now??? Correct line of thinking, yay/nay?
  • #14,609
  • Jan 28, 2010 3:23am Jan 28, 2010 3:23am
Quoting skris
Have now been in this long for just shy of 2 hours, it has not tested the HH yet, but appears to be chopping around now (forming a bracket), as previously mentioned, i am starting to think of closing the long now??? Correct line of thinking, yay/nay?
If you look at the shape forming , you can see that a WR is present, so you can decide whether to take that into consideration to close your long or let the fcr take the trade out and go short on the reverse.
  • #14,610
  • Jan 28, 2010 3:35am Jan 28, 2010 3:35am
Anyone watching tennis? Cilic giving Murray a hiding...at the moment.
Not sure if he'll have the legs to last the distance.
I follow THE PLAN to Survive & Preserve..
  • #14,611
  • Jan 28, 2010 3:55am Jan 28, 2010 3:55am
Quoting kishou
Anyone watching tennis? Cilic giving Murray a hiding...at the moment.
Not sure if he'll have the legs to last the distance.
sure sign of a boring slow trading session..
  • #14,612
  • Jan 28, 2010 3:58am Jan 28, 2010 3:58am
An eye on both screens!

Quoting bubola
sure sign of a boring slow trading session..
I follow THE PLAN to Survive & Preserve..
  • #14,613
  • Jan 28, 2010 3:58am Jan 28, 2010 3:58am
omg.. i went to lunch for a hour and thread has grown 5pages.. that is nuts.. lol.. its hard to keep up.. no wonder some don't want to read the whole thing.. lol

ok give a minute to catch up..
  • #14,614
  • Jan 28, 2010 4:05am Jan 28, 2010 4:05am
I still hold My long...

I am not crazy - this is just my understanding of Sc1.

I had +26 at first up move, less at second, and more less at third...
But - I need or runner or nothing...
The trade is still within first hurdel... I will not cry if I miss 20 or so pips... Who knows... I am still above the level-line...Price respect the level well.... In that time I have a reverse short order to not miss the short trade.
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  • #14,615
  • Jan 28, 2010 4:08am Jan 28, 2010 4:08am
Thought I'd bring to the forefront a post by Macdaddy about bailing winners to fill our time while we wait for the market to show it's hand. A brilliant post and definitely for bookmarking.

http://www.forexfactory.com/showpost...ostcount=11383
  • #14,616
  • Jan 28, 2010 4:09am Jan 28, 2010 4:09am
I am concerned about
the broken glass bit - sounds a bit like punishment to me.

Thank you for pointing that out - when I wrote it I was thinking of a time in a personal workshop I was attending where I became clear what my dominate emotional need was and the facilitator used crawling over broken glass as a metaphor for how we will do anything to get that need met. Trading exposes these needs - examples - power, achievment, responsibility, love, etc... Sometimes I will find an unhealthy way of getting this need met because it is a driving force in my life. When this need shows up in my trading and I engage in an unhealthy way of getting it met, all hell breaks lose.
I make money anywhere in the world by taking orders
  • #14,617
  • Jan 28, 2010 4:14am Jan 28, 2010 4:14am
Quoting dim4ik42
I still hold My long...

I am not crazy - this is just my understanding of Sc1.

I had +26 at first up move, less at second, and more less at third...
But - I need or runner or nothing...
The trade is still within first hurdel... I will not cry if I miss 20 or so pips... Who knows... I am still above the level-line...Price respect the level well.... In that time I have a reverse short order to not miss the short trade.
Hi Dim,
I don't think Fxa said that SC1 play is a all or nothing play. What he did say about preserving is this

"scenario1..................................................................................................... I only preserve if market goes dead into a long consolidation bracket look alike form.. then and only then i really take my time to preserve for the max amount and quickly set a reentery and a IF and Then order...."

That's my interpretation of it. Hope it helps.

B
  • #14,618
  • Jan 28, 2010 4:19am Jan 28, 2010 4:19am
Quoting dim4ik42
I still hold My long...

I am not crazy - this is just my understanding of Sc1.

I had +26 at first up move, less at second, and more less at third...
But - I need or runner or nothing...
The trade is still within first hurdel... I will not cry if I miss 20 or so pips... Who knows... I am still above the level-line...Price respect the level well.... In that time I have a reverse short order to not miss the short trade.
Ok! I did ezit at BE.... Nothing catastrophic. At least i gave it a chance...
You all know that PA is very deceiving sometimes... so - LV-holding and runner mentality!!!!
  • #14,619
  • Jan 28, 2010 4:24am Jan 28, 2010 4:24am
Gone short at the break of the lower FCR ..... 1.40187.

Lets see if momentum picks up.
  • #14,620
  • Jan 28, 2010 4:24am Jan 28, 2010 4:24am
Quoting SedonaPipper
I am concerned about
the broken glass bit - sounds a bit like punishment to me.

Thank you for pointing that out - when I wrote it I was thinking of a time in a personal workshop I was attending where I became clear what my dominate emotional need was and the facilitator used crawling over broken glass as a metaphor for how we will do anything to get that need met. Trading exposes these needs - examples - power, achievment, responsibility, love, etc... Sometimes I will find an unhealthy way of getting this need met because it is a driving force...
Ahhh, right in the centre ring with the arrow my friend!
$urvive, Pre$erve & RESPECT THE TEACHER
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