The System II (Yes with irony) | Page 737 | 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)

  • #14,721
  • Jan 28, 2010 10:46am Jan 28, 2010 10:46am
Quoting Bakuli
No worries Bubola, we'll all get there as we keep plugging at it and keep on practicing. I have made lots of mistakes over the past few weeks but each mistake is like another step in the right direction as long as we learn from it. As we practice our plays each day, with the guidance of Fxa, we start to build up this thing call intuition !
ty for the encouragement, bakuli. don't worry, i keep on plugging till i get it right

my goodness, you are truly our trading machine
  • #14,722
  • Jan 28, 2010 10:56am Jan 28, 2010 10:56am
Moved SL to 5 pips below LV
  • #14,723
  • Jan 28, 2010 11:00am Jan 28, 2010 11:00am
Quoting bubola
ty for the encouragement, bakuli. don't worry, i keep on plugging till i get it right

my goodness, you are truly our trading machine
Well, I am not going to be around as much as I have been lately from next week onwards for the next few months I have to return back to my non-trading work, so won't be able to trade the full London/NY sessions.
However I will still continue to practice what I have picked at every opportunity I get. I know it will be much harder not trading this fulltime but I will give it my best shot.
  • #14,724
  • Jan 28, 2010 11:03am Jan 28, 2010 11:03am
Out at -2 on the last bear candle
  • #14,725
  • Jan 28, 2010 11:13am Jan 28, 2010 11:13am
Quoting heronlake7
Out at -2 on the last bear candle
Why? The LV at 3966 hasn't been tested yet. This could just be a normal retracement. Just my humble opinion.
  • #14,726
  • Jan 28, 2010 11:15am Jan 28, 2010 11:15am
Anyone else in this BB long ?
  • #14,727
  • Jan 28, 2010 11:18am Jan 28, 2010 11:18am
Quoting Bakuli
Anyone else in this BB long ?


1.3971

and I second your opinion about the level. Still have reasons for this trade.
You wont survive without preserving!!!
  • #14,728
  • Jan 28, 2010 11:19am Jan 28, 2010 11:19am
Going to move my SL to 3967 (3970) below the ? fcr forming now. Also sell stop in place.
  • #14,729
  • Jan 28, 2010 11:20am Jan 28, 2010 11:20am
Quoting coronajazz


1.3971

and I second your opinion about the level. Still have reasons for this trade.
Great , nice to have company. Just be carefull we may have a fcr .
  • #14,730
  • Jan 28, 2010 11:23am Jan 28, 2010 11:23am
Not sure if you would consider that a fcr or is it one of my hallucinated ones, lol! I am taking it as one anyway.
  • #14,731
  • Jan 28, 2010 11:25am Jan 28, 2010 11:25am
Quoting Bakuli
Not sure if you would consider that a fcr or is it one of my hallucinated ones, lol! I am taking it as one anyway.
I am not taking a short on this. But I will consider to get out if it brakes with some momentum.
You wont survive without preserving!!!
  • #14,732
  • Jan 28, 2010 11:26am Jan 28, 2010 11:26am
Ok, I have joined the short side now.
  • #14,733
  • Jan 28, 2010 11:33am Jan 28, 2010 11:33am
Jazz, are you still on the long side , mate?
  • #14,734
  • Jan 28, 2010 11:33am Jan 28, 2010 11:33am
Still long.

I`ll get your a** Bakuli.



Just kiddin`. You are my favourite machine.


But its interesting situation though. FCR is there so short is valid, but LV is still holding so the long is valid too.
You wont survive without preserving!!!
  • #14,735
  • Jan 28, 2010 11:37am Jan 28, 2010 11:37am
Quoting coronajazz
Still long.

I`ll get your a** Bakuli.



Just kiddin`. You are my favourite machine.


But its interesting situation though. FCR is there so short is valid, but LV is still holding so the long is valid too.
Yes, Dim was faced with a similar dilemma today. On that occasion I ignored the fcr but on this occasion I didn't. I can't really explain it but I am just going by my feel of the play. Not sure if it makes sense.
  • #14,736
  • Jan 28, 2010 11:37am Jan 28, 2010 11:37am
OK . I am out now -8.

My hat is off to you my friend.
You wont survive without preserving!!!
  • #14,737
  • Jan 28, 2010 11:40am Jan 28, 2010 11:40am
bending the rules, is not a plan
  • #14,738
  • Jan 28, 2010 11:45am Jan 28, 2010 11:45am
Quoting FOURX
bending the rules, is not a plan
Sorry , will reply to your posrt a bit later. Am engaged in battle now!
  • #14,739
  • Jan 28, 2010 11:47am Jan 28, 2010 11:47am
Quoting Bakuli
Sorry , will reply to your posrt a bit later. Am engaged in battle now!
  • #14,740
  • Jan 28, 2010 11:50am Jan 28, 2010 11:50am
Quoting FOURX
bending the rules, is not a plan
I dont think anyone is bending the rules here. While the market is alive and playing it is very hard to see the shapes correctly (FCR or a part of retracement). That is why they call it "the hard right edge".It could of pierce through the LV only to shoot up and make a BAMM long.
You wont survive without preserving!!!
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