A tribute to Nikos Mermigas for his Spartan trading system | Forex Factory

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A tribute to Nikos Mermigas for his Spartan trading system

  • #1
  • First Post: May 21, 2021 9:30am May 21, 2021 9:30am
Here is a system that he shared for free and that I keep using with a lot of gratitude for this generous coach he was.
You can check on your favourite search engine and YouTube for more information.
A few screenshots are worth a thousand words.

I will not start a new thread , all the information is available, no escape to homework .
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I used to be indecisive but now I'm not so sure...
  • #2
  • May 25, 2021 9:00pm May 25, 2021 9:00pm
Thanks for posting, Nikos is one of the best teachers of forex education ever! RIP to a good soul,wish he was alive to just say thank you for the wealth of information he shared for free.
  • #3
  • May 31, 2021 2:49am May 31, 2021 2:49am
For those curious about how this system works, here is an excellent introductory video.
Inserted Video


All the best.
I used to be indecisive but now I'm not so sure...
  • #4
  • May 31, 2021 9:55am May 31, 2021 9:55am
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  • #5
  • May 31, 2021 12:04pm May 31, 2021 12:04pm
The show must go on.....let's keep the thread alive
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  • #6
  • May 31, 2021 8:51pm May 31, 2021 8:51pm
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  • #7
  • Jun 2, 2021 7:26am Jun 2, 2021 7:26am
Attachment g
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  • #8
  • Jun 7, 2021 1:54pm Jun 7, 2021 1:54pm
Quoting Filipo1
For those curious about how this system works, here is an excellent introductory video.https://youtu.be/AdAoZCRlMus All the best.
What is your plan with the thread ? Wasting time?
  • #9
  • Jun 7, 2021 2:04pm Jun 7, 2021 2:04pm
Quoting Filipo1
Here is a system that he shared for free and that I keep using with a lot of gratitude for this generous coach he was. You can check on your favourite search engine and YouTube for more information. A few screenshots are worth a thousand words. I will not start a new thread , all the information is available, no escape to homework . {image} {image} {image}

To begin,you crossed from 13th May straight to 21st....where is support on the TL for 17th -19th May on H1?

H1 is wrong,nikos never thought that,he always pull and adjust TL to nearest S/R
  • #10
  • Jun 7, 2021 2:07pm Jun 7, 2021 2:07pm
this is how you draw a proper trendline to allow 123 patterns.....correct your charts
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  • #11
  • Edited 8:42am Jun 8, 2021 8:26am | Edited 8:42am
Quoting scsstnt
{quote} To begin,you crossed from 13th May straight to 21st....where is support on the TL for 17th -19th May on H1? H1 is wrong,nikos never thought that,he always pull and adjust TL to nearest S/R
That’s the way that suits me, I guess I don’t have to religiously follow a guideline, like for instance I absolutely dislike Heiken -Ashi.
Your way is correct but mine is not that wrong considering the re-tests highlighted with the red arrows.
And if you read my post correctly I clearly mentioned my intention was not to start a thread but just draw other traders attention on this system.
All the best.
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I used to be indecisive but now I'm not so sure...
  • #12
  • Jul 30, 2021 2:33am Jul 30, 2021 2:33am
Sell re-entry on USDMXN.
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I used to be indecisive but now I'm not so sure...
  • #13
  • Sep 29, 2021 5:08am Sep 29, 2021 5:08am
Another series with Heiken-Ashi on sell in EURUSD.
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I used to be indecisive but now I'm not so sure...
  • #14
  • Sep 1, 2023 12:41am Sep 1, 2023 12:41am
I didnt know he passed....he was a very good trader and teacher. I will try and keep the legend alive.
  • #15
  • Nov 26, 2023 11:54am Nov 26, 2023 11:54am
Quoting scsstnt
{quote} To begin,you crossed from 13th May straight to 21st....where is support on the TL for 17th -19th May on H1? H1 is wrong,nikos never thought that,he always pull and adjust TL to nearest S/R
i dont think you should be critical of how one draws a tl..that is the traders intrepretation and his or her responsibility.
  • #16
  • Nov 26, 2023 2:35pm Nov 26, 2023 2:35pm
eurnzd may be a nice short if it breaks the 633 ema and then gets retested or with more risk wait for a close below the 633ema.
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  • #17
  • Last Post: Nov 3, 2024 12:20pm Nov 3, 2024 12:20pm
gbpusd long idea
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