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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)

  • #15,121
  • Mar 8, 2010 5:10am Mar 8, 2010 5:10am
Hi guys, here's a trade i made this morning
BTW, great thread, hope we can keep it going
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  • #15,122
  • Mar 8, 2010 5:22am Mar 8, 2010 5:22am
Quoting MJurban
hi mithu,
yes feb said: no second guess, pull the trigger

but i would not go in a continuuation trade, i would rather wait for a reversal like it happend today.
Yeah, often if a move has already made 2 or more good pushes that i didn't get in on i'll ignore the continuation and wait for the reversal. I think like feb said it is safest to take the first push of a move, rather than trying to get involved after the 2nd or 3rd push
  • #15,123
  • Mar 8, 2010 9:58am Mar 8, 2010 9:58am
here's another nice set up on cable, closed out half for +23 pips and am trailing the stop on the other half, hopefully a pullback will develop that i can move my stop down to just above. I didn't like the rising trend line as i entered and thought it was likely a fake out, but entered anyway because of the close pullback to rest my stop on
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  • #15,124
  • Edited 4:09pm Mar 8, 2010 3:19pm | Edited 4:09pm
Quoting wiztrader
I have to say that before I make this post, I contacted the originator of this thread for just one time opportunity to speak the truth. He can confirm or deny this publicly even have this post removed if he wants.

Feb I suppose you're not happy with the way this thread....


Hi (Sorry for my English)

I would like to make a point here. I disagree totally with Wiztrader statement. Fxchillies do not deserve to be treat like this. This guy was very dedicated to this thread. First as student to Feb teaching and after that becoming a good trader applying Feb thecnique and developping his own one who is profitable.

When i said (on post 15101) that this guy was trying to become famous with this thread i was totally wrong because I didn't read all the thread and I'm very sorry. I got my lesson. I'm not here to sweeten anyone but just put the things in right place.
It' true that i'm not convinced about the $150/month for BR but it's no obligation to anyone to do so.

Long life to this thread and every one of you.

Robert
I just believe in... Peace and good Karma!
  • #15,125
  • Mar 9, 2010 2:17am Mar 9, 2010 2:17am
Hi,
Here's a trade i just took, stopped out for -13 pips
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  • #15,126
  • Mar 11, 2010 1:14pm Mar 11, 2010 1:14pm
Indicators...

Inserted Video
  • #15,127
  • Edited 10:06am Mar 19, 2010 9:15am | Edited 10:06am
I decided to get out of the commercial member area due to having a hot minded guy as a mentor, It's so unfair if you ask some question in forexfactory and in return you get a hard to swallow reply which don't have to do with trading.

I'm better here and continue posting my trades in this thread. I thank feb for showing the right path to trading, and I also thank fxa for expanding it's knitty gritty. And I also Thank everybody who contributed this thread. I feel sorry for fxa's response at same time.

Okay so from now I'm trading system II thread independantly and I hope FXA won't be bothered if I post something here. I will be trading daily and I will post my chart so illustration and fine tune purpose. Peace.
Failure is the mother of success: learn from 'her'
  • #15,128
  • Mar 19, 2010 10:04am Mar 19, 2010 10:04am
Quoting rooicol
Indicators...

http://www.youtube.com/watch?v=bvhn9...ayer_embedded#
excellent video...

The guy simply elaborate Feb's view in visual form..

Kudos...
  • #15,129
  • Mar 19, 2010 10:21am Mar 19, 2010 10:21am
Quoting K7420
I decided to get out of the commercial member area due to having a hot minded guy as a mentor, It's so unfair if you ask some question in forexfactory and in return you get a hard to swallow reply which don't have to do with trading.

I'm better here and continue posting my trades in this thread. I thank feb for showing the right path to trading, and I also thank fxa for expanding it's knitty gritty. And I also Thank everybody who contributed this thread. I feel sorry for fxa's response at same time.

Okay so from now I'm trading system II thread...
so system II still alive,
at teh moment i dont trade system II, try the bigger TFs
but in hindsight this day was another perfect day for the root-basic system II
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  • #15,130
  • Mar 19, 2010 3:35pm Mar 19, 2010 3:35pm
2 Trades today, 54 for the day. lesson learned, pay attention to other level line if there is more than one level line is present. I will be back on Monday.
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Failure is the mother of success: learn from 'her'
  • #15,131
  • Mar 19, 2010 4:30pm Mar 19, 2010 4:30pm
Quoting K7420
2 Trades today, 54 for the day. lesson learned, pay attention to other level line if there is more than one level line is present. I will be back on Monday.
Attachment
Hey, Nice trade! Today was perfect price action for sys II trading... tight overnight trading range, clear breakout, beautiful trend. I Also made some nice green pips today. Thanks for posting the chart, have a great weekend
  • #15,132
  • Mar 19, 2010 9:53pm Mar 19, 2010 9:53pm
Good decision K.



  • #15,133
  • Mar 22, 2010 9:59am Mar 22, 2010 9:59am
London Morning Session
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  • #15,134
  • Mar 22, 2010 5:32pm Mar 22, 2010 5:32pm
Today was pretty though day with bunch of fakeouts. But I preserved. 4+
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Failure is the mother of success: learn from 'her'
  • #15,135
  • Mar 23, 2010 11:50am Mar 23, 2010 11:50am
Today's trading
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  • #15,136
  • Mar 23, 2010 5:40pm Mar 23, 2010 5:40pm
Only second day trying this method and only half way through the thread ... got a bit scared on the second trade and got out too early and then got spoked by the news ecen though it was not a major one
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  • #15,137
  • Mar 24, 2010 9:55am Mar 24, 2010 9:55am
Todays trades
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  • #15,138
  • Mar 24, 2010 2:06pm Mar 24, 2010 2:06pm
Quoting rooicol
Todays trades
Nice play. only one question. Why not closed your long position 3434 at 3414( 20 pips max.)?

Nice short at 3403.
I just believe in... Peace and good Karma!
  • #15,139
  • Mar 24, 2010 3:37pm Mar 24, 2010 3:37pm
Quoting jalp
Nice play. only one question. Why not closed your long position 3434 at 3414( 20 pips max.)?

Nice short at 3403.
Thanks,
Good question, -29 pips was a bit of a blow. I tend to let a trade go against me until it breaks the previous swing high/low, thus giving the first signal of reversal, had i closed at 3414 for -20 and price then stalled and continued to the upside the trend would still technically be long, as it wouldn't have broken the previous swing low at 3408, my actual exit was at 3406 which got slipped to 05, then i had a sell on stop at 03, so i just put a circle around the lot to make it simple. in retrospect, looking at the momentum in those first two red candles, and considering previous (last few days) price action it would have been best to close out earlier.
usually i won't take the trade if the the previous swing high/low is more than thirty pips a way.
  • #15,140
  • Mar 24, 2010 4:41pm Mar 24, 2010 4:41pm
Quoting rooicol
Thanks,
Good question, -29 pips was a bit of a blow. I tend to let a trade go against me until it breaks the previous swing high/low, thus giving the first signal of reversal, had i closed at 3414 for -20 and price then stalled and continued to the upside the trend would still technically be long, as it wouldn't have broken the previous swing low at 3408, my actual exit was at 3406 which got slipped to 05, then i had a sell on stop at 03, so i just put a circle around the lot to make it simple. in retrospect, looking at the momentum in those first...

Nice point of view but in this situation i would have cut my lost to 20 pips max(5m tm) and wait to see what happen next. If the market go north i would have re-enter at around 3450. If south the same has you did.

Thank's for answering me.
I just believe in... Peace and good Karma!
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