The System II (Yes with irony)

Last week this method produced 120 pips on 4 trades. Low strees & a clutter free chart. Did not try & grab all that was there, but just tried to catch the middle. I attempt to gain 20 pips on each, or whatever is there.

Has anyone hear from FEB? Its ashame this thread has come to an end. It is such a great method & comes with a great teacher. If anyone has contact with FEB an update on his condition would be nice & appreaciated by ALL.

FEB if your following.....I wish you a speedy recovery.

Regards
__________________________

Ace

right, we should not fortget this nice system.
even if i dont trade this system right now, i like it very much and i always have the basics of the rules in my mind.

i post a setup here from lat friday.
This is a another good example how easy trading can be with the System II

After the low swing from day before ended and price starts to swing up, there was good support by the daily open line and the lower Trendline.
SL was some 34 pips and 1. target also 34 pips

Plenty of valid set-ups today on the 5min, i have made 45pips being really conservative on e/u and g/y, all majors had great set-ups.

Agreed. Always was a simple, rather successful system. I like where Feb said; "wash, rinse and repeat." I've been spending more time with this method.

Hello Guys.

I sincerely thank all of you, from the bottom of my heart on your best wishes. I even received some personal calls from some of you, and that is truly like a warm and cozy blanket to my heart.

I can see some of you followed this thread and applied this method to your trading, with great success. On that, I feel truly honored.

I am not longer an active trader due my delicate health. But still willing to help others, as usual.

I believed that 2008 would be my final year on the face of the earth, but the divine order that created all living and motionless things on this universe, decided otherwise.

I'll be following this thread from time to time. Please bear with me, I'll probably won't be as agile as I was, but willing to help.

Peace and good Karma to all of you.

May God Bless You Feb. Wishing you much Peace, Love, Harmony, and Perfect Self-Expression: "The Square of Life!" You've always been there for us. Thanks. With Respect.

Here in Greece we say that "hope dies last".
I am very happy that you are back with us.you are one of the persons that truly changed my trading and most of all the way i think about the markets...
My best wishes for your health and one thing that you have to keep in mind is to not give up this fight though is very hard

Hello Feb,

Thanks for this great thread and for taking the time to help us. I hope that all goes well with you.
Take care,
Dave
http://www.forexfactory.com/images/icons/icon7.gif

Feb2865,

Great news to read your post! I will toast your return with some tostones and a cold one. Your unconditional generosity is much appreciated.


Salud!

It’s really glad to have you back, Maestro.

Thanks for all the good teachings.
Your mentoring has been both educational and inspirational.

Your friendship and willingness to help others – priceless.

Thanks you for consider us like your own children and many times threat us that way.

I wish you a long and prosperous life, Master.

Pray for your good healthy and good karma to you.

regards.

G33maroon

Hey everybody!

I also have to say thanks for this simple, yet very convenient trading strategy. I just opened my first live forex account this week and I'm glad I've found this thread (and this whole website of course) before I started trading . With the help of this system I managed to turn my first trade into a winner ... probably beginner's luck though, but it worked .

Hello Feb, my regards, my best wishes and my hat off to you Sir!
Thank you

Hello FEB & Everyone,

Just thought I'd post my results for the week......NOT BRAGGING, BUT IT WORKS.

1. E/$ - +46 & -10 on another.
2. GBP/$ - +36.
3. $/Y - +24.

Total gains - 106. Total loss - 10. Nice results......for me @ least.

These trades are on a 100K LIVE ACCOUNT, but I do maintain a MINI account to test different methods & systems as needed.

I trade short term using this method (mins-several hrs) NO holding overnight.

NO wiggly lines, NO complicated EA's & CLEAR & CONCISE RULES....What more would you need?

I am always aware of pivot & fib levels along with trendlines when trading & that is it for me. OH, one more thing........RSI is consulted, but mainly because OLD HABITS DIE HARD.

Everyone keep posting your results, ideas & views while FEB is recovering.
Lets not let him down while he is away.

Good trades to all & a Happy Thanksgiving to those that celebrate.

____________________

Nice post, Acetrader. Have a nice Thanksgiving - with those results it makes for an even nicer day. Ciao.

Another nice trade with this strategy

Rialto,

Tks & I hope your Thankgiving was a Great one. No doubt this is a great system with few requirements to be met before trading & no chart clutter.

I have a med-longer term method that follows the trend, but this a fast becoming my favor. Nice NOT holding trades long term. More sleep @ night.

PRICE is the ultimate indicator, but I tried many an indicator before the LIGHT finally click on in my head that PRICE ACTION tells you all you need. DO, I still lose trading price action. YES, but the losses are far less than before.
Nothing is 100% correct with any system or method. We all make mistakes.

I am humble to have found FEB's System as it has really shed more light on how simple trading can be when you use PRICE as the indicator & guide. I really don't know how I survived the many years I have traded without taking price into the mix. Enought rambles from me......Tks for your post...look forward to more.

Johnny C,

I'm a low tech kind of guy, but I really like your charts. They speak volumes about what price is doing. Maybe I'll learn how to post one as they speak louder than just describing what we do.

It seems u have a command of the FEB SYSTEM. How long have u used it?

Just getting into it myself, but working nicely so far & it fits my preferred short term trading style. Looking forward to more informative charts.

Finished for the week with the results posted. Most humbled to be here with each of you.

FEB.......I bit you a speedy recovery & a timely return to your SYSTEM & the followers.

Best Trades To All.

_________________________
Ace

Acetrader,

I'm actually pretty new to forex trading. Before opening my life account I was only playing around with demos for about a month or so. During this time I've tried out many fancy indicators but then I luckily found this thread. Since the strategy is really easy to apply and showed such nice results, I tried it out myself on a demo account for about a week and it worked out great. I prefer trading on a 5 minute timeframe, so this strategy perfectly suits my style.

For now this will be the main strategy that I use, along with some Fibonacci and trendline based trading. That's all one needs.

Johnny C,

That journey thru indicator land can be filled with many a disappointments as we are expecting (@ least I was) the indicator to be the Holy Grail of trading solving all of my problems & it never happens.

I'm not saying all indicators are bad & don't work, but for me I just never found the one that worked or suited me.

Pivots, Fibs & support/resistance lines are all that will be found on my charts.

I have tried the 5M tf, but I seem to do better using 15M, but I have some friends that 5M works well for them. I do note what is happening on the 5M, but trade the 15M. 5M can be abit noisey @ times.

No way am I an expert, but this method has sure shored up my confidence & the winners trades are seen more often now.

I hope FEB will be able to return soon & revive this thread as it is a great system & there are times when the simplicity of a system will cause traders to lose interest as there is NO NEED for indicators, so they move on giving up maybe their only chance @ surviving in this business.

These are just my views as the System II works great for me.
Keep posting your charts showing your trades as it is nice to be able to see the picture of the trade. A picture speaks a 1000 words.

Regards To All.

_______________________

AceTrader

Hi Everyone

I am new to this thread and have finished reading all the posts. I have been using a similar strategy for some time now. Basically, I look for pullbacks to a moving average, and then enter on the pivot break once the trend resumes. My thoughts are with you Feb. Sharing your methodology has been a very generous thing to do, and I do hope for your recovery.
I was wondering if the trading room is still active. I clicked on Tradingrooms.com but got an error message. I would love to participate in this great thread.

Peter