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We all need pivots to win..yes or not? 13 replies

The System (Irony included) 1,175 replies

Attachments: The System II (Yes with irony)
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The System II (Yes with irony)

Quoting scubro
Guilty! Took it at 1.3956 and closed out at 1.3971
hey scubro
you played that bb correctly,
Quoting bubola
yours truly, the i never make the right decision, it seems
Oh dear Bubola. Don't let Mr Market do that to you. I am still in. What I normally do is move the SL to just above the LV line once I have a gain of 15+ pips. That way I immediately reduced my initial risk of 15 pips. So usually I will be risking something like 8 pips from the trigger line. I am then quite willing to sacrifice that to the market to allow the PA to play out. This market behaviour is quite common. We get a SF and then very often it goes back to test the breakout level. I have seen it happen many times , therefore was willing to risk the 8 pips to see if the level would hold.
Quoting Bakuli
Oh dear Bubola....
each day i have a new paranoia: today it's the "don't get married to trades" one. i blew it, i know...had the best entry i know how i should play it, got my notes in front of me, and yet... s&&%%t, f%%%$$$
I was just thinking what if you take off half position at 1:1 and leave the other half to hunt for runners?
Say you use a hard stop of 15 pips. So once we have a break and we are 15+ pips ahead, close half position and let the other half run, with the SL still in it's original position So what you have here is now a risk free trade to look for runners. Any thoughts on it ? I believe they use this kind of risk management over at the DIBs thread.
Anyways, I don't use it but it's just something for discussion.

Perhaps FXa can advise us on this or any of the seniors ?
Quoting Bakuli
I was just thinking what if you take off half position at 1:1 and leave the other half to hunt for runners?
Say you use a hard stop of 15 pips....
i just have to learn properly what it's been layed out for us, that's all.
Attached Image
Quoting FOURX
hey scubro
you played that bb correctly,
Thnaks Fourx. I get the impression with bb's that they're a tricky animal but worth playing for the odds as they can produce a strong move.
Still in, missed my SL at 1.3974 by 1 pip. Considered that after the first pullback to change to 123S applying #2. Now in a range, may still get taken out at the SL.
Dim.. join me in messanger please.. thanks.
Quoting Bakuli
Mr Market was trying to deceive us there to bail out our short. Did anyone bail out ?

Naaaahhh. I and my buddy Jplo played an old-fashioned #2 play.

Entered short at 56 weathered the sudden spike with a wide Sl - just felt right to us in this instance, wouldn't always leave it that wide ..... Jplo took a -2 and I waited longer and took -7 inside the level line.

We both kept our Jelly Babies for that one after a rigorous post-mortem. CHillometer reading 3...
Time for coffee.
$urvive, Pre$erve & RESPECT THE TEACHER
Quoting mac1956
Naaaahhh. I and my buddy Jplo played an old-fashioned #2 play.

Entered short at 56 weathered the sudden spike with a wide Sl - just felt right to us in this instance, wouldn't always leave it that wide ..... Jplo took a -2 and I waited longer and took -7 inside the level line.

We both kept our Jelly Babies for that one after a rigorous post-mortem. CHillometer reading 3...
Time for coffee.
I love Jelly babies....
Bubola and me entered at 72 off the very small bracket right at the top. I am still in the short trade because so far the LV for our trade is still holding out.
Hit the SL on the long and reversed with half a load as I don't feel too confident on the bullish side. SL is at 1.3962

Sorry "long" should read "short"

Out at -13
Quoting Bakuli
I love Jelly babies....
Bubola and me entered at 72 off the very small bracket right at the top. I am still in the short trade because so far the LV for our trade is still holding out.

That's TOP!!!! No #1 exit?
$urvive, Pre$erve & RESPECT THE TEACHER
Quoting Bakuli
I love Jelly babies....
Bubola and me entered at 72 off the very small bracket right at the top. I am still in the short trade because so far the LV for our trade is still holding out.
wow what an entry
Quoting mac1956
That's TOP!!!! No #1 exit?
don't say anything, mac, please i'm so proud of my entries, and so ashamed of my exits
Quoting bubola
don't say anything, mac, please i'm so proud of my entries, and so ashamed of my exits

Ahhh Bubola - you are blazing a trail...a glorious path for others - exits are all ART and little science. We will be debating them forever. It seems to me that a simple #1 would have won you a nice profit - interesting entry too...I missed that one in the thread !!!
$urvive, Pre$erve & RESPECT THE TEACHER
Quoting mac1956
Ahhh Bubola - you are blazing a trail...a glorious path for others - exits are all ART and little science. We will be debating them forever. It seems to me that a simple #1 would have won you a nice profit - interesting entry too...I missed that one in the thread !!!
yeah, well, not sure if it's by the book, but i try to spot it at the end of a move, with a WB/WR that naturally forms a tiny range, and the break of a previous level. i used it once before, fxa didn't reproach me for it, so i gave it a try today too
Quoting bubola
yeah, well, not sure if it's by the book, but i try to spot it at the end of a move, with a WB/WR that naturally forms a tiny range, and the break of a previous level. i used it once before, fxa didn't reproach me for it, so i gave it a try today too
That V shape shown clearly when using line chart.
Very early entry, good idea Bubola
Quoting bubola
yeah, well, not sure if it's by the book, but i try to spot it at the end of a move, with a WB/WR that naturally forms a tiny range, and the break of a previous level. i used it once before, fxa didn't reproach me for it, so i gave it a try today too

Could be another powerful tool...if it gets you in earlier and pays back on the averages then it has to be worth a look. Always looking to learn my friend so thank you.
$urvive, Pre$erve & RESPECT THE TEACHER
Quoting Musanto
That V shape shown clearly when using line chart.
Very early entry, good idea Bubola
So I am not mad after all when I mentioned to Bubola that I could see a V shape in the 3 candle setup, .
Quoting Bakuli
So I am not mad after all when I mentioned to Bubola that I could see a V shape in the 3 candle setup, .
bakuli,
I thank you for you reply about asian session trade.
but i still have question to ask,
See the chart where you point your entry.
How can I possible to hold those (1) (2) for stop loss 15 pips ?
Not possible is it ?
That's why I assume there was a BB trade there,
and my trade is right at the Bracket brake .

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