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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)

now, u see the new LV I marked..

you should play it like this..

one.. if price turns nasty and breaks the Yellow LV.. you bail for some pips..

two.. you let is be.. if its gonna fall into deep consolidation form and then u take your some profit as much as u can..

three.. you risk the all of the profit up to now and go for the big runner or another bammmmmm on top and then repeat what i just told you above again..
its simple..

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so how did you endup on this long trade?

let's hear your story...
Quoting fxachilies
so how did you endup on this long trade?

let's hear your story...
i'm still in, fxa, my stop is at BE, i'd feel stupid banking now for 7-8 pips..i was waiting for this range to move to its upper boundaries, not happening yet, so i'll just stay in...not sure if my trading account agrees with me, though..lol
you wanna know what i did!!!

i give you hint..

do everthing in a oposite way of the heard.. wot!!

ya.. after yoy give me your story then i tell you what i mean by the above statement..
Quoting bubola
i'm still in, fxa, my stop is at BE, i'd feel stupid banking now for 7-8 pips..i was waiting for this range to move to its upper boundaries, not happening yet, so i'll just stay in...not sure if my trading account agrees with me, though..lol
solid miss B..
after i hear a few more stories i will give finall word on this..

I be your loving it atm.. lol.. its great..
Quoting fxachilies
so how did you endup on this long trade?

let's hear your story...
WHite knuckles but still driving.
The mouse was screaming for mercy
Hi
I have read a lot of the recommended posts and working my way through the thread but I dont recall seeing 'LV' defined. Can someone tell me what it means please.

thks
All that matters is winning the week
Quoting fxachilies
solid miss B..
after i hear a few more stories i will give finall word on this..

I be your loving it atm.. lol.. its great..
FxA,
I'm not in this long, I avoided from the start,
I know when Fcr broken, I'm not entering it.

Reason :
It is too late, if I want to ride it up,
so I only wait the fcr down.
....

and it's turn to be a big mistake.
When will a trade is an early or late stage ?
Quoting lindsayf
Hi
I have read a lot of the recommended posts and working my way through the thread but I dont recall seeing 'LV' defined. Can someone tell me what it means please.

thks
Hi!

"LV" is Level.
thks dim4ik42

so in post 14901...why is the 'LV' significant. Is Fxachilies saying this could be a stop level in this situation?

thks again
All that matters is winning the week
Quoting lindsayf
thks dim4ik42

so in post 14901...why is the 'LV' significant. Is Fxachilies saying this could be a stop level in this situation?

thks again

FxA was using it as an illistration as to the possible options in that trade at that point.
This is what I waited for.
I short @42, Early entry
well i'm out @+15 held as long as i could but that last spring down breaking BB shook me out
Quoting Musanto
This is what I waited for.
I short @42, Early entry
ditto
Quoting lindsayf
thks dim4ik42

so in post 14901...why is the 'LV' significant. Is Fxachilies saying this could be a stop level in this situation?

thks again
Lindsay, this is how I understand the LV line. The LV (level line) is drawn from the previous swing high. Price will often retest the level line. How it reacts at the LV tells you about the trend. In a strong trend, it will not come down near to the LV, in a weak trend it will come down right into the "below LV" area as it has here. The key thing is to realise a test of the LV is not unusual, that it is to be expected, and that it will give you information. Of necessity, your entry will always be above the LV.

I am not in the long, although I did take the trade. 3 pips plus spread put me into the trade at the top of the thrust bar. I did not play this correctly. I played a 2g+ for fcr2 instead of a instead of a 2# for fcr1. I closed for -4 after about 10 mins, when the small candle low broke. I paid for my lesson, and went away for a while. Now back to see if NY players can find any reason to move price ....
Quoting lindsayf
thks dim4ik42

so in post 14901...why is the 'LV' significant. Is Fxachilies saying this could be a stop level in this situation?

thks again
ok why LV is significant? ummmmmmm the answer lays between 995 pages..

ok start here.. refer to post 11847.. and take it from there..
ok.. my long trade was close for +19 inside the congestion area..
why?.. its all in the scenario of the plan..
i think i was more than tollarance that i should have been with this.. giving back all the profit at one point.. but once it goes and shows a W.B for the third time and turns to consolidation and nice looking fcr to look at the other way.. its hard not to see and bypass..

as you see i a short at moment and dealing with the first hurdel.. LV
got tested once.. lets see what happens on the edge of M.Y open as well..


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Quoting fxachilies
but once it goes and shows a W.B for the third time and turns to consolidation and nice looking fcr to look at the other way.. its hard not to see and bypass..

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I was thinking few days ago about this. When we are in doubt of whether to hold on for a runner or preserving it is very useful to look at the other side. I try to look at the market as I am not in a open trade. If a fresh, nice , loopy one is shaping up for the other side, it is wise to start thinking about preserving at the max granted by the market, exept of course it comes back your way on very high speed.
You wont survive without preserving!!!
Quoting Musanto
FxA,
I'm not in this long, I avoided from the start,
I know when Fcr broken, I'm not entering it.

Reason :
It is too late, if I want to ride it up,
so I only wait the fcr down.
....

and it's turn to be a big mistake.
When will a trade is an early or late stage ?
the first valid fcr is always your first early entery option.. if you miss it.. then your next option is a 123 if not to far away from the early fcr..

if you miss both this entries then i do not recommend to get invlove anymore on that ride unless if falls into deep consolidation so you get in with BB setup.. otherwise watch it till you get a reversall fcr/123 again..

watch my charts and u will see.. the circle shades are my entries. they are always on fcr's occasionaly on 123.. but if you see anything after that i must have been out of my mind drun off my ass.. which is alot of times.. lol ... put the WJ away off my hands..
Quoting fxachilies
the first valid fcr is always your first early entery option.. if you miss it.. then your next option is a 123 if not to far away from the early fcr..

if you miss both this entries then i do not recommend to get invlove anymore on that ride unless if falls into deep consolidation so you get in with BB setup.. otherwise watch it till you get a reversall fcr/123 again..

watch my charts and u will see.. the circle shades are my entries. they are always on fcr's occasionaly on 123.. but if you see anything after that i must have been out of my mind...
Ladies and gents..

Fxa, has in this post given you the simplest and most direct strategy to follow...kudos to him once again... Some of you have been confusing what early entry means with the plan and get into hyper trading. Tatoo this post to your foreheads....LOL

Good luck to all.
Unus pro omnibus, omnes pro uno
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