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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)

  • #15,281
  • May 19, 2010 8:25am May 19, 2010 8:25am
Quoting benem
Hallo Umbro,nice to meet u....i work in Lin but we do all the north west because i work as a radar controller that means we follow all the flight along their route evene those that don't land in Italy...Regardig those Ema they are 150 and 365 wich i use on daily time frame following James16 principals...another good thread here on FF.
I am going to open a demo account to learn this method...see you guys.
Ok. Basically here we use naked charts because we just look the price action. If you are used to indis, MAs, Big Macs, it takes some time ... because you need to manage the withdrawals to detox but then you'll recognize they are useless and improve your focus on the what it really counts that is the ultimate indicator (ie. the price). I took the last phrase from a book, it's not mine. I suggest you, after you grasped some knowledge of the methodology to start trading on a live account. It's different. Just my 2 cents.
Welcome ! when you'll feel confident don't hesitate to post your trades, ok ?
  • #15,282
  • May 19, 2010 8:48am May 19, 2010 8:48am
ok. today I had too much お茶　(tea) and I have still an order going like many of you guys. I cannot sleep. I want to make you smile in the meanwhile. I tell you in a short while who Umbro is in reality ... stay tune.
  • #15,283
  • May 19, 2010 9:07am May 19, 2010 9:07am
Thanks Merkel. +90 pips now and banked 80%.
  • #15,284
  • May 19, 2010 9:12am May 19, 2010 9:12am
Guys, I'm done fo the day. I don't like the candle i see now. But before I want to show a picture of me. I am the one who is singing. I told you I wanted to make you smile.
good trading !
Attached Image
  • #15,285
  • May 19, 2010 9:27am May 19, 2010 9:27am
You have the frank sinatra look going in that pic.

Hope your trading goes well. I enjoy reading your posts and like your style, I just can't hold as long as you do. I take much quicker in and out trades.
A woman drove me to drink, and I forgot to thank her
  • #15,286
  • May 19, 2010 9:31am May 19, 2010 9:31am
Quoting umbro
Guys, I'm done fo the day. I don't like the candle i see now. But before I want to show a picture of me. I am the one who is singing. I told you I wanted to make you smile.
good trading !
Umbro, if that is you there singing.... we need to talk business
  • #15,287
  • Edited 10:57am May 19, 2010 10:32am | Edited 10:57am
Quoting umbro
Ok. Basically here we use naked charts because we just look the price action. If you are used to indis, MAs, Big Macs, it takes some time ... because you need to manage the withdrawals to detox but then you'll recognize they are useless and improve your focus on the what it really counts that is the ultimate indicator (ie. the price). I took the last phrase from a book, it's not mine. I suggest you, after you grasped some knowledge of the methodology to start trading on a live account. It's different. Just my 2 cents.
Welcome ! when you'll feel...
No Umbro...don't worry i am very democratic person...i listen to all the opinion trying to get the best from everyone criticism....But you complitely went out of track my friend....because i hate indicators,i really get sick when i look at them on the charts....

You saw those ema's because i mainly trade Daily with James16 rules,i uses moving average as confluence with Fibonacci and Supp/Res,Trend line ....so i don't clean-up the charts every time i look at a different time frame....but if they disturb you please tell me...and i'll cancel them from my charts.

Anyway thank you for the welcome and i hope to give my contribution to this thread....

P.s..

Nice picture.....did you get it right from his hands??Because if you know him personally i have a couple of things i'd like you to tell him from me.....
Patience is essential
  • #15,288
  • May 19, 2010 5:40pm May 19, 2010 5:40pm
Quoting benem
No Umbro...don't worry i am very democratic person...i listen to all the opinion trying to get the best from...
Great !

no they don't disturb me at all and I'm a very openmind person. But the thread has been built and evolved on some basic rules which are naked charts, 5m timeframe and of course Feb's system II. I was a Fibonacci's fan and my 1st chart has Fibonacci on it and I was told to stay on naked charts only. So I followed the rules in the the subsequent posts.
Actually I started using this system about 3-4 months ago and in my experience (not only mine I think) it's better to have a clear chart especially on the 5m to react fastly guided only by the PA.
Take your time to study the thread from the beginning, I know it's huge but it's also a good investment otherwise your learning process will be less effective and slower. You need some stamina but it's also enjoyable.

About me, don't take me too much seriously, ok? I just want to make this game less boring, bring home my daily pips and share trading experiences to grow respecting everybody's opinion ... That's it

About the photo, I didn't get from him directly... me too have more than a couple things...

I'm looking forward to your contributions...
  • #15,289
  • May 19, 2010 6:04pm May 19, 2010 6:04pm
Hallo Umbro,thanks for the replay.....i just opened a demo account with oanda and linked it to myfxbook.It's another tool i use too.....now this new account will have charts totally naked.
I appreciate very much your advise and i'll take it to the heart....as you see i am online reading for the second time this thread....i did it the first time one year ago,but i was too new to trading so i moved to higher time frames.....now i feel a little bit,just a little bit more experienced....
See you soon.


Quoting umbro
Great !

no they don't disturb me at all and I'm a very openmind person. But the thread has been built and evolved on some basic rules which are naked charts, 5m timeframe and of course Feb's system II. I was a Fibonacci's fan and my 1st chart has Fibonacci on it and I was told to stay on naked charts only. So I followed the rules in the the subsequent posts.
Actually I started using this system about 3-4 months ago and in my experience (not only mine I think) it's better to have a clear chart especially on the 5m to react fastly guided only by...
Patience is essential
  • #15,290
  • May 19, 2010 11:11pm May 19, 2010 11:11pm
Quoting simpleguy
You have the frank sinatra look going in that pic.

Hope your trading goes well. I enjoy reading your posts and like your style, I just can't hold as long as you do. I take much quicker in and out trades.
ok thanks. I cannot complain, I mean, I have limited time to trade now because I'm busy on other things. But if I see an opportunity I take it.
If I can make an average of 40-50 pips x week, I'm more than happy.
Are you trading trading full time ? How is it going ? Recently it really pays off I suppose.
  • #15,291
  • May 20, 2010 12:29am May 20, 2010 12:29am
Quoting benem
Hallo Umbro,thanks for the replay.....i just opened a demo account with oanda and linked it to myfxbook.It's another tool i use too.....now this new account will have charts totally naked.
I appreciate very much your advise and i'll take it to the heart....as you see i am online reading for the second time this thread....i did it the first time one year ago,but i was too new to trading so i moved to higher time frames.....now i feel a little bit,just a little bit more experienced....
See you soon.
Okay. Good ! Practice the method first until you grasped it. Could I give a further suggestion ? Change your signature. Your english is perfect at least for me. I'm italian. If you want I can write something cool in japanese for you or put something in italian like "Forza Italia" ... may be better something in japanese ...

Just tell me.
  • #15,292
  • May 20, 2010 3:37am May 20, 2010 3:37am
I tried to short this low.....but Oanda has frozen so i don't know if got filled my order....

Is it a valid set-up??
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Patience is essential
  • #15,293
  • May 20, 2010 4:25am May 20, 2010 4:25am
Looking to short again..price made LH and LL (se red arrow) now il go short if price break the lowest low,where i puted the blue arrow....
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Patience is essential
  • #15,294
  • May 20, 2010 4:28am May 20, 2010 4:28am
Quoting 4xfusion
hai benem. for me that trade is too risky..you have to put a tight sl for that trade...cause for me when euro market open..the market try to test for a new high..after it pullback and it try again..but the second time it cant push through...so we try to find a fcr trade...as for me i try to enter at 1.24073.just my 2 pips.by the way, i also try to learn this method...
Yes....i could try on my own skin..... -9 .

Of course is Demo....but i treat it as a real account.
Patience is essential
  • #15,295
  • May 20, 2010 4:28am May 20, 2010 4:28am
Quoting benem
I tried to short this low.....but Oanda has frozen so i don't know if got filled my order....

Is it a valid set-up??
Change your signature and I'll give an answer. I'm joking. Yes in my mind. But you were lucky because oanda freezed. You got a fake out. If you really want to master this thing you need to study first. It's my suggestion. You can post it but if you really want to invest on this thing study first and practice. I was like you when approached this thread at the beginning but then I realized that the things are different. There are some steps in the learning process. Here, I'm not selling anything. I take my trades an post them . The only guy who made the difference is Feb. I believe in his teachings.
  • #15,296
  • May 20, 2010 4:38am May 20, 2010 4:38am


Great Umbro!!!

Quoting umbro
Change your signature and I'll give an answer. I'm joking. Yes in my mind. But you were lucky because oanda freezed. You got a fake out. If you really want to master this thing you need to study first. It's my suggestion. You can post it but if you really want to invest on this thing study first and practice. I was like you when approached this thread at the beginning but then I realized that the things are different. There are some steps in the learning process. Here, I'm not selling anything. I take my trades an post them . The only guy who made...
Patience is essential
  • #15,297
  • May 20, 2010 4:42am May 20, 2010 4:42am
Quoting benem
Looking to short again..price made LH and LL (se red arrow) now il go short if price break the lowest low,where i puted the blue arrow....
benem..i found it the place where you put the trade is support area..as for me, i would wait for the price to break 1.2370 and form a classic 123..then i will enter the trade...sometime we really have to wait for the right setup..just my 2 pips
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  • #15,298
  • May 20, 2010 4:49am May 20, 2010 4:49am
Quoting umbro
Change your signature and I'll give an answer. I'm joking. Yes in my mind. But you were lucky because oanda freezed. You got a fake out. If you really want to master this thing you need to study first. It's my suggestion. You can post it but if you really want to invest on this thing study first and practice. I was like you when approached this thread at the beginning but then I realized that the things are different. There are some steps in the learning process. Here, I'm not selling anything. I take my trades an post them . The only guy who made...
I agree with you Umbro i must study....but the reason i shorted was bacause price made a Lower High....i have seen the big supply area on the left....the one circled with blue rectangle....so i was scaried too but acted in accordance to the rules that Feb gave us.....

Now we are again in
a ranging market...and i guess we'll be stay here till 1:30 o'clock PM.....waiting for the Unemployment Claims
Attached Image (click to enlarge)
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Patience is essential
  • #15,299
  • May 20, 2010 4:53am May 20, 2010 4:53am
Quoting 4xfusion
benem..i found it the place where you put the trade is support area..as for me, i would wait for the price to break 1.2370 and form a classic 123..then i will enter the trade...sometime we really have to wait for the right setup..just my 2 pips

Yessss.....that's wath i want to say....i have seen that area too but i thought using this metod you just enter when the price break an High/Low after a pull back.....now i understand.....support and resistence are still valid......
Patience is essential
  • #15,300
  • May 20, 2010 4:55am May 20, 2010 4:55am
see u guys again at the us session...good luck good trade
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