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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)

  • #15,521
  • Sep 6, 2010 1:00am Sep 6, 2010 1:00am
Good morning to all.

The US bank holiday today is making me reluctant to enter market.

What are other traders opinions?

Thanks
  • #15,522
  • Sep 6, 2010 1:08am Sep 6, 2010 1:08am
Quoting Stoffer
Good morning to all.

The US bank holiday today is making me reluctant to enter market.

What are other traders opinions?

Thanks
Oh US too, I see.
Thank's Stoffer, your right.
cancel my stop sell, not trading for today.
  • #15,523
  • Sep 7, 2010 3:29am Sep 7, 2010 3:29am
Attached Image (click to enlarge)
Click to Enlarge Name: eur 10.gif Size: 18 KB

morning everybody

short 1.2790

comments welcome
  • #15,524
  • Sep 7, 2010 3:49am Sep 7, 2010 3:49am
Quoting Stoffer
Attachment
morning everybody

short 1.2790

comments welcome

Morning Stoffer

What was your rationale for an entry at 12790? I placed a short order under the range low.

I should add that I have read a chunk of this thread and understand feb's premise of swings, pullacks etc but thought that the same ideas could be applied to consolidation breakouts too.

Any thoughts?
  • #15,525
  • Sep 7, 2010 4:02am Sep 7, 2010 4:02am
Quoting Delite
Morning Stoffer

What was your rationale for an entry at 12790? I placed a short order under the range low.

I should add that I have read a chunk of this thread and understand feb's premise of swings, pullacks etc but thought that the same ideas could be applied to consolidation breakouts too.

Any thoughts?
Hi

I tested that entry inside the range because it gave an early entry and I thought it had a good chance of success because of the overnight fall and it was after 8.00 gmt.
  • #15,526
  • Sep 7, 2010 4:12am Sep 7, 2010 4:12am
Quoting Stoffer
Hi

I tested that entry inside the range because it gave an early entry and I thought it had a good chance of success because of the overnight fall and it was after 8.00 gmt.

Thanks! Now we are back in trending territory, I am trying to place orders either above or below significant highs and lows. They could be the h & l of the Asian session or simply obvious price rejections from the early European session. My backtesting shows this works very well with cable and pretty good with fibre. Can you offer any criticism - or indeed point out any glaring errors I haven't considered?
  • #15,527
  • Sep 7, 2010 4:24am Sep 7, 2010 4:24am
Quoting Delite
Thanks! Now we are back in trending territory, I am trying to place orders either above or below significant highs and lows. They could be the h & l of the Asian session or simply obvious price rejections from the early European session. My backtesting shows this works very well with cable and pretty good with fibre. Can you offer any criticism - or indeed point out any glaring errors I haven't considered?
My trading path has been long and rocky and i,m just emerging from the break even doldrums so i,m no expert.

I trade the eur only using 5m time frame in the direction of the hourly trend.
  • #15,528
  • Sep 7, 2010 4:32am Sep 7, 2010 4:32am
Attached Image (click to enlarge)
Click to Enlarge Name: eur 11.gif Size: 21 KB


stop moved to 1.2773
  • #15,529
  • Sep 7, 2010 5:45am Sep 7, 2010 5:45am
Quoting Stoffer
My trading path has been long and rocky and i,m just emerging from the break even doldrums so i,m no expert.

I trade the eur only using 5m time frame in the direction of the hourly trend.

Thanks for your honesty! Good luck with your trading. I too am coming back from a rocky start, but hopefully, with some renewed confidence, things should start to improve!
  • #15,530
  • Sep 7, 2010 5:52am Sep 7, 2010 5:52am
Attached Image (click to enlarge)
Click to Enlarge Name: eur 12.gif Size: 20 KB


stop moved 1.2755

and good luck! and profitable trading to you Delite
  • #15,531
  • Sep 7, 2010 6:00am Sep 7, 2010 6:00am
stopped out, decent 1st trade today, lunch & back for NYO
  • #15,532
  • Edited 7:04am Sep 7, 2010 6:48am | Edited 7:04am
Quoting Stoffer
Attachment
morning everybody

short 1.2790

comments welcome
Attached Image (click to enlarge)
Click to Enlarge Name: 20100907 1.gif Size: 13 KB


good job stoffler,
That's exactly my entry short.
wash rinse repeat.
waiting a qualified swing.
  • #15,533
  • Sep 7, 2010 7:24am Sep 7, 2010 7:24am
Thanks Musanto

So are you waiting for a 30+ swing before you move your stop?
  • #15,534
  • Sep 7, 2010 7:29am Sep 7, 2010 7:29am
Quoting Stoffer
Thanks Musanto

So are you waiting for a 30+ swing before you move your stop?
Only for entry,
No entry without swing 30+. the pair blue line in picture
  • #15,535
  • Sep 7, 2010 7:33am Sep 7, 2010 7:33am
can I ask if you are still in and where your stop is?
  • #15,536
  • Sep 7, 2010 7:43am Sep 7, 2010 7:43am
Quoting Stoffer
can I ask if you are still in and where your stop is?
My position closed out,
I closed all for 20 pips, at 1.2769
(Bad for the plan)

If I still in , maybe I'll put the stop at 1.2759
2nd previous fractal
  • #15,537
  • Sep 8, 2010 2:17am Sep 8, 2010 2:17am
Attached Image (click to enlarge)
Click to Enlarge Name: eur 14.gif Size: 19 KB


Morning everybody

1st order for me short 1.2711 if it breaks

comments welcome
  • #15,538
  • Sep 8, 2010 2:48am Sep 8, 2010 2:48am
stop to BE now just incase of big rebound
  • #15,539
  • Sep 8, 2010 2:50am Sep 8, 2010 2:50am
Quoting Stoffer
Attachment

Morning everybody

1st order for me short 1.2711 if it breaks

comments welcome
First order too !
...run forrest run...

Attached Image (click to enlarge)
Click to Enlarge Name: 20100908 1.gif Size: 11 KB
  • #15,540
  • Sep 8, 2010 2:57am Sep 8, 2010 2:57am
Quoting Musanto
First order too !
...run forrest run...

Attachment
Hi Musanto

are you taking profit at 20 or gonna try and ride it out
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