The System (Irony included)

... that isn't truly so rare, 'cos if statistically there is about 95% of losers than this makes 1 winner for every 20 not so lucky or not smart enough,
but in terms of real money those numbers do not apply so accurately ... and I reckon, that 4 or 5 guys out of those 50+ on your floor can generate
sufficient source of pips to cover all my winning trades, otherwise I would need anything between 200 and 500 newbies or some other dummy's.

But you do see that in september 2010 stoch + macd showed deivergence while market was going up in straight line.

Be reasonable, no indicator is 100% - but used well and in powerful combination they load the percentages in your favour - and a number of factors need to be weighed into the assessment of any given trade. Exceptions always occur - often divergence in cycle and even momentum will be contradicted by the movement which is where excellent money management comes in. No single indicator is the answer - they must be combined - momentum, cycles, s/r, trend and fractals and their relative balance - simple really. My simple point is that with the aid of a few strategically placed and well set up indicators your 123 method would pay better, does pay better - I use it (we use it) in my bag of tricks, but only when the set up is there (5 factors - each scoring for strength). As your friend says (in the bit I understand!!!) 5% of traders make 95% of the money - most of the time the mass psychology drives the markets and then the big guns come in and exploit its responsiveness to the obvious to make the grand bucks by doing the unexpected. 123 is a limited method ('how f++++++g dare you say that you ++++...go ++++ yourself and may your mother +++++ +++++') it is a single trick - and there are some excellent mathematical aids that would increase your successes tenfold and save you many many losses.

Farewell chaps - I enjoyed the exchange. Good hunting.

Thanks a lot, Sir Stoploss ... and ... happy trading for you too.

Ok, will try to trade with indicators in other thread. Ten folds sounds good.

Well after painting by hand of two year of daily charts I come to the conclusion that the essence of this thread is finding and milking those elusive runners to death.

In year 90 - 91 the typical runner was about 800-1200 pips. Typical stop around 100 pips. Even with ratio 1/5 it was still profitable. Not including building pyramid.

So how does TS-I trader suppose to avoid whipsaw.
1. Find the market which has trend. No need indicators. Just compare silver to euro for last year.
2. Be picky. If trend is here it would pick your position and move it into profit. If something is wrong wait for the next week. The good trend will still be here.
The typical trend in EURO lasts for THREE YEAR. No need to rush.
3. Correlate the markets. Green FXE - EURO ETF, red GLD - gold etf.

EURO time to decide.

It seems euro decided to go higher.

So, what does ts-I traders do when market goes in tight range? They buy on discount.

Hello fti,
i recall you wanting to comment on the use of trailing stops
i remember that you were against the use of trailing stops.
due to the size of this thread, i am unsure if you have commented on it yet.
and if you have, can someone kindly direct me to the post ?
regards.

Hello!

I will try to answer you. Not sure this is what you are looking for, but I'try.

So... feb2865 always, always strongly suggest us to use some sort of trailing stop in our trading. Why? - just to lock in some of our profit, or reduce the risk.
You will find by trading this style that the market has a tendency to swing up and down, so during the move against your position you could see your profits go down, so very often you could have almost B/E position after you had already solid profit. I find for myself the best way to trail stop-loss is collocating the stop-loss at high/low of each bar. This way I give some room for the trade to breath, and lock in my profit in time before I have a pullback against my position.

Market is based on laws of supply and demand and if you trade with one of these forces, you could lock in your already gained profit by trailing stop-loss just at that time when the other force is going to push the market.

Hope it helps.

Good luck!

Hi Feb The attachment is a daily EURUSD chart. I am wondering how you would have traded this fractal. Would you take the trade at the upper yellow line ? At the open of this big green candle ? This V-pattern can be seen in 2 ways : when this big green canlde closes and also when this green pin bar closes because the price went down then up so it's a V shape. Which view is right ? One more question : Do you pay attention to pin bars or other candlesticks patterns ? I mean it could be a pin bar in a time frame and not a pin bar in another time frame. So to me it does not look very valuable except maybe at daily charts. Do you agree ? Thanks

Good article Feb!

No one trading this "system" anymore?
Great work feb...

I still use it as part of a slightly larger toolkit. Yes, Feb is a genius.

I love his system... And i don't know why this thread is no more frequented. Where is feb? Is still on FF community?

Read through this in 2018. Much appreciate all the information shared.

Regards.