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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)

  • #15,501
  • Sep 2, 2010 8:10am Sep 2, 2010 8:10am
Quoting umbro
I'm happy about the last 2 trades. Waiting...again. Any suggestion ?
Your 2 trades happened in the middle of US and Europe High Impact news.
  • #15,502
  • Sep 2, 2010 8:18am Sep 2, 2010 8:18am
How about 123 short below 1.2808
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  • #15,503
  • Sep 2, 2010 8:19am Sep 2, 2010 8:19am
Quoting Musanto
Your 2 trades happened in the middle of US and Europe High Impact news.
I'm trading the news. It's just the market changing its shape...
  • #15,504
  • Sep 2, 2010 8:25am Sep 2, 2010 8:25am
Quoting Musanto
How about 123 short below 1.2808
Attachment
Good opportunity in my mind. Entry ? I'm still short on this thing. if it breaks 1.28 ...
  • #15,505
  • Edited 8:40am Sep 2, 2010 8:29am | Edited 8:40am
Quoting umbro
Good opportunity in my mind. Entry ? I'm still short on this thing. if it breaks 1.28 ...
I open buy stop for a fcr up too at 1.2836
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Quoting umbro
I'm trading the news. It's just the market changing its shape...
I'm not a fan of news trading.
  • #15,506
  • Sep 2, 2010 8:40am Sep 2, 2010 8:40am
Quoting Musanto
I open buy stop for a fcr up too at 1.2836
Attachment
Still on the short but I'm going to give up. Market is dead.
  • #15,507
  • Edited 7:00pm Sep 2, 2010 5:21pm | Edited 7:00pm
Quoting umbro
Still on the short but I'm going to give up. Market is dead.
Here is from fxa contributed to know a dead market :

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  • #15,508
  • Sep 3, 2010 1:25am Sep 3, 2010 1:25am
GM all. It's NFP day and it looks like the chop montser will be around for a bit. I am just going to be a observer for the next couple of hours before I leave for work.

Bak
  • #15,509
  • Sep 3, 2010 6:27am Sep 3, 2010 6:27am
Quoting Bakuli
GM all. It's NFP day and it looks like the chop montser will be around for a bit. I am just going to be a observer for the next couple of hours before I leave for work.

Bak
Just logging in,
I'll try this fcr down, let's see

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  • #15,510
  • Sep 3, 2010 7:17am Sep 3, 2010 7:17am
Canceled out,
Not hit my stop sell at 32.
I Don't like the news trading, just sit on my hands,
and eat peanut.... how can..
  • #15,511
  • Sep 3, 2010 8:07am Sep 3, 2010 8:07am
swing formed,
123 entry ,
pending order sell at 1.2817
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  • #15,512
  • Sep 3, 2010 8:15am Sep 3, 2010 8:15am
another pending entry,
long at 1.2853
Depend on which one hit first,
I'll do the "order cancel order" manually
  • #15,513
  • Sep 3, 2010 8:19am Sep 3, 2010 8:19am
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  • #15,514
  • Sep 3, 2010 8:31am Sep 3, 2010 8:31am
in,long at 1.2853 sl 15 pips @1.2838.
Oanda system disconnect me twice.
  • #15,515
  • Sep 3, 2010 8:55am Sep 3, 2010 8:55am
Quoting Musanto
in,long at 1.2853 sl 15 pips @1.2838.
Oanda system disconnect me twice.
Musanto,
I was reading your work and it seems very good, its the same trading style Im developing, so I would like ask you how determine the 15 pips stops...is fixed one or you find following some idea?
Thank you in advance and keep working...its very good.
Best regards,
Popeye
To make an omelet you have to break a few eggs so breathe and be happy
  • #15,516
  • Sep 3, 2010 9:11am Sep 3, 2010 9:11am
Quoting Popeye
Musanto,
I was reading your work and it seems very good, its the same trading style Im developing, so I would like ask you how determine the 15 pips stops...is fixed one or you find following some idea?
Thank you in advance and keep working...its very good.
Best regards,
Popeye

Hi Popeye,
for stop loss 15 pips, I just pick it up from what I learn here.
Stop loss only for when the price is moving so fast.
Usually I fight, by moving my stop lost less then 15 pips.
Read some more, the part when we trade together with fxa.
The interesting part is, he told us to assume a fight situation,
when the price go to the opposite direction
I don't know the page exactly, find in this thread and read it out it's precious.

My trade closed out, done for today

regards
Musanto
  • #15,517
  • Sep 3, 2010 9:43am Sep 3, 2010 9:43am
Quoting Musanto
Hi Popeye,
for stop loss 15 pips, I just pick it up from what I learn here.
Stop loss only for when the price is moving so fast.
Usually I fight, by moving my stop lost less then 15 pips.
Read some more, the part when we trade together with fxa.
The interesting part is, he told us to assume a fight situation,
when the price go to the opposite direction
I don't know the page exactly, find in this thread and read it out it's precious.

My trade closed out, done for today

regards
Musanto

Musanto,
Thank you for your advise,
Have a good weekend.
Pop
To make an omelet you have to break a few eggs so breathe and be happy
  • #15,518
  • Sep 3, 2010 5:21pm Sep 3, 2010 5:21pm
Quoting Popeye
Musanto,
Thank you for your advise,
Have a good weekend.
Pop
You're welcome,
As I remember , there was a part called :G or G+ , rythme and speed ...
don't really understand the detail,
I have my own, basically work well for me.
(not the same I guess ,.. dunno)

Go dig it up yourself, that's fxa research.
Have a good weekend for you too.
  • #15,519
  • Sep 5, 2010 3:40am Sep 5, 2010 3:40am
This is the rule for system ii
http://www.forexfactory.com/showpost...6&postcount=30

.....
1) wait for the market to have a 30-40 ticks swing at any direction
2) Wait for a retracement
3) set 2 horizontal lines - 1 at the beginning of the swing and 1 at the last swing high/low
4) if the market resumes the swing, place a limit order 2-3 ticks above/ below the last swing
5) your order gets filled. Now it's pretty much up to the market
wash - rinse and repeat
Peace
.....

  • #15,520
  • Sep 6, 2010 12:39am Sep 6, 2010 12:39am
Morning,
Let's trade
waiting to sell on fcr down 1.2888
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