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The System (Irony included)

  • #1,021
  • Feb 16, 2008 12:42am Feb 16, 2008 12:42am
Quoting clockwork71
Actually, this will force me to play longer term charts......which is where I should be focused anyway.

4 hour is ok, Daily is great.....low leverage, big returns.

Thanks all.
Hi, clockwork.

As an amatuer trader, it is quite OK trading on 4H and daily charts IMHO.

But for full time and professional trader, trading on daily chart sometimes got nothing because market could be a ranging market.

I longed Usd/Jpy 4 weeks ago based on daily chart and I am still holding them. The profits are less than 100 pips.

Good Luck.
  • #1,022
  • Mar 10, 2008 2:45pm Mar 10, 2008 2:45pm
Hi ironic system followers,
How are you doing ? How many pips ?

Fabrice
  • #1,023
  • Apr 7, 2008 11:09am Apr 7, 2008 11:09am
Quoting feb2865
Hello


This not my system. I mean, I don’t create it . It very much a tune with Jesse livermore’s thoughts, I should say with a twist. It’s been used from ages and I personally used this “system” in all markets I trade. I might be possible that somebody else has similar views about the market, anyway for those poor souls following this cournelius system and everybody else, here's something you might try.

But I will charge you something……Do you think this is free??? At the end, I’ll pass you guys, my tab.

First, you need to stay clear off historical indicators. If you need a moving average to tell you where the trend is, you need to go to the very basics of reading a chart.

Hey wait a minute…you’re still gonna be called a trader not an investor ok???? You can collect your profits everyday if you want.

Also I won’t advise on money management. There is plenty of advice this site on that subject.

Capishe??

One more thing – As I mentioned in another post, I am not going to babysit anyone. If you have a question, you better think twice and formulate your question in a valid manner. The whole idea is to put your brain in motion, That’s how I survived the markets to the point I trade for fun and no longer for profits.

Ok let’s get back to the charts

Here’s a plain-vanilla chart of EUR-USD, daily

Can anyone tell me where the trend is??
Hi, feb:

How are you doing? Every thing is OK.

I want to say thank you for that you started this thread challenging a so called cournelius system. And that system and its owner turned to be a scam and a big liar.

Thank you for leading us to the right path. I sent a PM to you please check.

And also greetings to Trader_V, wish he is also doing well, and clockwork71, Fab are also doing well.

David
  • #1,024
  • Apr 8, 2008 7:28am Apr 8, 2008 7:28am
Yes Feb....

How are you mate?

Let us know how life goes.
  • #1,025
  • Apr 8, 2008 8:39am Apr 8, 2008 8:39am
Hey Green David

I am glad I helped you. I lurke here form time to time but I am not a big fan of posting. I am always available .That cornelius system turned out to be a scam...unbelievable!!!

I've started to look at USD/JPY for scalping. But I still prefer to scalp-intraday futures/S&P- ES.

Peace
Peace
  • #1,026
  • Apr 8, 2008 9:23am Apr 8, 2008 9:23am
Quoting clockwork71
Yes Feb....

How are you mate?

Let us know how life goes.

Hey clockwork

same old rutine. Scalping ES . Still holding the Euro.

Peace
Peace
  • #1,027
  • Edited 8:18pm Apr 8, 2008 5:44pm | Edited 8:18pm
Never too late for a first post...

I've found this thread by a link in some other thread that evolved to that "pro" X "newbies" game ...

As I have to see lots of patients all day long I'm still in page 22, but this is by far the best thread I've seen here so far. All you know so much, replying to everyone so politely and respectfully... It´s hard to see this behavior nowadays ....

The theory is so simple to understand, and so logic that seems almost unreal. It's not another profitable system that you apply blindly... It makes you scratch your head and spend all your ATPs (what? It means Adenosine-Tri-Phosphate, the biological fuel of the brain's cells ) to understand half of the gold-worth informations here...

Thanks a lot Feb, and all the others! Keep the high level!

PS: My wife still doesn't understand what the hell am I doing wearing only a pair of socks in front of the monitor! I'm learning to trade naked, of course!

Greetings from Brazil!

http://www.mycomputerhurts.com/Naked...puterC0610.jpg


Added later: Post #526 is going to the printer right now. I'll stick it to the monitor. And I'll try hard to stick it to MY BRAIN..... lol

Many share my views with me. But I don't share them with them...
  • #1,028
  • Apr 13, 2008 1:10am Apr 13, 2008 1:10am
Quoting feb2865
Hey Green David

I am glad I helped you. I lurke here form time to time but I am not a big fan of posting. I am always available .That cornelius system turned out to be a scam...unbelievable!!!

I've started to look at USD/JPY for scalping. But I still prefer to scalp-intraday futures/S&P- ES.

Peace
Still holding E/U long positions? What a kind of patience!
Scalping SP futures.

Quite mixed trading style.
  • #1,029
  • Apr 19, 2008 2:54pm Apr 19, 2008 2:54pm
Ive read this thread in 3 days - reading , digesting and confused - but abolsutely brilliant

Thank you to everyone - now the hard part trying to demo it

Please dont let this thread die
  • #1,030
  • Apr 19, 2008 3:47pm Apr 19, 2008 3:47pm
Quoting Pervaz
Ive read this thread in 3 days - reading , digesting and confused - but abolsutely brilliant

Thank you to everyone - now the hard part trying to demo it

Please dont let this thread die

I guess people grasp the idea one way or another

Probably that's the reason the thread was quiet...hopefully

Anyway, if you have any questions, let me know

I'm always around
Peace
  • #1,031
  • Apr 22, 2008 5:29pm Apr 22, 2008 5:29pm
Quoting feb2865
I guess people grasp the idea one way or another

Probably that's the reason the thread was quiet...hopefully

Anyway, if you have any questions, let me know

I'm always around
And I'm a little older, but still not dead

After a winter away from the cold and grey British climes, I thought I would pop my head back in to see how things have progressed. As with feb, I hope the lack of active discussion is a sign that the message has got across and traders have decided to use it and are profiting from it. It's entirely possible some traders will have decided it is not for them and they will now be continuing their search elsewhere.

I had a quick scan through the thread again and perhaps there is'nt a lot to add. For anyone just happening to be skimming this page of the tread, I strongly advise you to set aside some time and read it from the very beginning. The learnings you will take from it will serve you well throughout your trading career, I promise

Kind regards to all,

O N D
  • #1,032
  • Apr 22, 2008 6:11pm Apr 22, 2008 6:11pm
Quoting Old_Not_Dead
And I'm a little older, but still not dead

After a winter away from the cold and grey British climes, I thought I would pop my head back in to see how things have progressed. As with feb, I hope the lack of active discussion is a sign that the message has got across and traders have decided to use it and are profiting from it. It's entirely possible some traders will have decided it is not for them and they will now be continuing their search elsewhere.

I had a quick scan through the thread again and perhaps there is'nt a lot to add. For anyone just happening to be skimming this page of the tread, I strongly advise you to set aside some time and read it from the very beginning. The learnings you will take from it will serve you well throughout your trading career, I promise

Kind regards to all,

O N D
Hi,
Nice to see you back O N D

TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #1,033
  • Apr 22, 2008 6:22pm Apr 22, 2008 6:22pm
OND

You'll always have my deepest admiration. Nice to have you back....
Peace
  • #1,034
  • Apr 23, 2008 1:36am Apr 23, 2008 1:36am
OND, Feb

How would we identify the trend on a daily chart - do we look up to the weeklies and monthlies - draw a trend line and then drop to the dailies and identify the pullbacks and re-tracements (or am i pushing up the daises lol - I was a poor comedian as well as a poor trader !!)
  • #1,035
  • Apr 23, 2008 1:47am Apr 23, 2008 1:47am
Quoting Pervaz
OND, Feb

How would we identify the trend on a daily chart - do we look up to the weeklies and monthlies - draw a trend line and then drop to the dailies and identify the pullbacks and re-tracements (or am i pushing up the daises lol - I was a poor comedian as well as a poor trader !!)
no trendlines, no moving averages... no crutches.... nothing

train your naked eye...look for higher/highs - lower lows

read the first chart on this thread...look for similar patterns in your charts.

Having your eyes trained for a naked chart will deliver hidden clues that you won't see using a crutch.

Take your time, don't rush it up

On time it will come to you

back to slumberland here
Peace
  • #1,036
  • Apr 23, 2008 1:52am Apr 23, 2008 1:52am
Quoting Pervaz
OND, Feb

How would we identify the trend on a daily chart - do we look up to the weeklies and monthlies - draw a trend line and then drop to the dailies and identify the pullbacks and re-tracements (or am i pushing up the daises lol - I was a poor comedian as well as a poor trader !!)
Daily charts will give you all the info you need.

looking at a higher time- another crutch. Looking at a higher time frame is deceiving

If you follow my lead I will make your trading simple and comfortable..the way it should be

It's about time for us to break so many stereotypes imposed by the so-called guru's

now back to slumberland before my girlfriend slams my head with a pan LOL
Peace
  • #1,037
  • Apr 24, 2008 6:37am Apr 24, 2008 6:37am
Quoting Old_Not_Dead
And I'm a little older, but still not dead

After a winter away from the cold and grey British climes, I thought I would pop my head back in to see how things have progressed. As with feb, I hope the lack of active discussion is a sign that the message has got across and traders have decided to use it and are profiting from it. It's entirely possible some traders will have decided it is not for them and they will now be continuing their search elsewhere.

O N D
Nice to see you again. A typical British.

How is your trading? Good?

David
  • #1,038
  • Apr 25, 2008 6:20am Apr 25, 2008 6:20am
I like this system, only one pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: HL1.gif Size: 30 KB
  • #1,039
  • Apr 25, 2008 6:21am Apr 25, 2008 6:21am
I tried it out in the past 30 years data.

http://www.fengshui-123.com/trade/GBPJPY-DAY.gif
http://www.fengshui-123.com/trade/GBPUSD-DAY.gif
  • #1,040
  • Apr 25, 2008 6:31am Apr 25, 2008 6:31am
Those blue ones no problem.
Can someone advise how to trade those red ones(false alarm)?
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