The System II (Yes with irony) | Page 734 | Forex Factory

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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)

  • #14,661
  • Jan 28, 2010 6:45am Jan 28, 2010 6:45am
Quoting kishou
you guys still in? Im hanging on... was fun start...
Yes still in. The play at the LV level was quite an experience, esp with the long red candle. But I held on because it was just around the -5 to -10 zone below the LV. I was willing to give it up to -12 before I pull the trigger to get out.
We are still not over the first hurdle so we need to stay sharp.

Come on Bubola, get Mr.market to get a move on with your eloquent language!
  • #14,662
  • Jan 28, 2010 6:48am Jan 28, 2010 6:48am
Quoting coronajazz
There goes the spring.

FX I dont know how can I thank you brother.
A year's supply of JW , Black Label....
  • #14,663
  • Jan 28, 2010 6:51am Jan 28, 2010 6:51am
Quoting kishou
you guys still in? Im hanging on... was fun start...
Yep, sure - I am still in!

the high-speed bearish candle did not deceive me... I did wait for the next candle - and that was bullish-bearish speed.... And the third candle was the whole bullish candel - the battle won bulls, and we are with them!

During the battle on the level I had in my mind an exit option about -10-11 pips (G+).... all battle hit only -8-9, and because of the speed on up-candle I did decide to hold my trade still.... And now - market trades above the level - so we are ok in this time.
  • #14,664
  • Jan 28, 2010 6:53am Jan 28, 2010 6:53am
Quoting Bakuli
A year's supply of JW , Black Label....

Thats ok. But if he`s using them instead of jellie babies. I would say

Hold on mister!

I dont trade THAT well!!!!!
You wont survive without preserving!!!
  • #14,665
  • Jan 28, 2010 6:54am Jan 28, 2010 6:54am
The quick bear candle got the best of me, my trades for the day thus far, screwed up the last one as had no re-entry in place, so down about -25 all up, might come back after the news tonight, best of luck
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  • #14,666
  • Jan 28, 2010 6:54am Jan 28, 2010 6:54am
Ok, I am out at 4014. Manually closed trade to preserve after the rejection at the top.
  • #14,667
  • Jan 28, 2010 6:55am Jan 28, 2010 6:55am
High speed in the wrong direction now. Carefull. Dont wanna +13 to turn into -15.
You wont survive without preserving!!!
  • #14,668
  • Jan 28, 2010 6:57am Jan 28, 2010 6:57am
I am out

-1.

No reentry option. because of two WB long.
You wont survive without preserving!!!
  • #14,669
  • Jan 28, 2010 6:59am Jan 28, 2010 6:59am
Quoting Bakuli
Ok, I am out at 4014. Manually closed trade to preserve after the rejection at the top.
and how about to wait something to look at level holding???

Setups are so clear today!!!!! Like text-book examples! For me is just pleasure to trade with so nice clear market...
  • #14,670
  • Jan 28, 2010 7:00am Jan 28, 2010 7:00am
same
Quoting coronajazz
I am out

-1.
I follow THE PLAN to Survive & Preserve..
  • #14,671
  • Jan 28, 2010 7:05am Jan 28, 2010 7:05am
Quoting kishou
same

WHY ???
  • #14,672
  • Jan 28, 2010 7:08am Jan 28, 2010 7:08am
Ok, in short side off fcr 3999
  • #14,673
  • Jan 28, 2010 7:11am Jan 28, 2010 7:11am
I did exit this long 4 pips below level.... the speed? I saw sometimes the high speed when price goes close to entery... to deceive us.... this is because I was not afraid because of the speed down and gave the chance my trade to see level holding.... Well there was not. Ok! I am ready to go the other side.
  • #14,674
  • Jan 28, 2010 7:19am Jan 28, 2010 7:19am
Didnt like speed it was coming back...
also had in the back of my mind NY open upon us...2.20am where i am so havent experience NY open that many times...I normally try not to trade to close to UK open...so got me a bit jittery..

decided to wait for next set up


Quoting dim4ik42
WHY ???
I follow THE PLAN to Survive & Preserve..
  • #14,675
  • Jan 28, 2010 7:20am Jan 28, 2010 7:20am
Quoting fxachilies
excellent long but well put post by Macdaddy..
worth a million dollars of goods. its a BAMMMMMMMM POST.

i love the jelly beans..

but, macdaddy.. am i allowed to switch it to 10 shots of lemonchelos.. lol.. is that wise for flying me to the moon.. lol

20 virgins for you...good luck at the end of the session when you find you haven't lost any!!!!!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #14,676
  • Edited 7:33am Jan 28, 2010 7:22am | Edited 7:33am
Quoting fxachilies

in trading, we play the man within.
So elegantly put - that is just sooo good.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #14,677
  • Jan 28, 2010 7:35am Jan 28, 2010 7:35am
Anyone in on the short? Did you take the fcr or the BB ?
  • #14,678
  • Jan 28, 2010 7:37am Jan 28, 2010 7:37am
In on BB...fcr u took was a beaut!

Quoting Bakuli
Anyone in on the short? Did you take the fcr or the BB ?
I follow THE PLAN to Survive & Preserve..
  • #14,679
  • Jan 28, 2010 7:38am Jan 28, 2010 7:38am
Quoting Bakuli
Anyone in on the short? Did you take the fcr or the BB ?

short fcr2
  • #14,680
  • Jan 28, 2010 7:43am Jan 28, 2010 7:43am
Quoting dim4ik42
Yep, Thanks, Bakuli!

I know this text by my heart. Can even to quote it from different points.

But... - as we all did see - the level was well holding by price... So - I jast gave myself a chance to catch something more than just 10-18 pips...

This is just like a "lex" - if we close our trade - the price goes ahead in our direction immediately.

... and why I did not close this trade with some profit is just - I did not need so much so little profit, and there was no valid FCR to take it.

Thanks for help anyway, Bakuli!

Good trades to you!...
I don't know what people think about Dim's behavior but... I did the same. Only one addition: if we consider the whole swing from daily lows from the Asian session, we must understand that chances for a reversal were higher. At least, I did not. Based on this, I would probably have banked where Bakuli did.

Being this said, my thoughts were similar: I prefer a BE instead of a +15 if I have reasonable chances for price to give me a good runner. And market was holding the original level line.

Apart from this... U GUYS ARE CRAZY! OUT FOR A COUPLE OF HOURS AND 6 PAGES MORE!!!!
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