The System II (Yes with irony)

Yes, the orders are set again, maybe this time we win.

im in the short trade, anyone else?

its stalling :\

where did u guys set your stops?

-21 pips !

first at 1.4108 + spread + 2

than I move to 1.4099 + spread
and stopped there

Just above the last swing high @1.4136

exit should have been at the break of nearest fractal (yellow shades).. I took a 30point loss myself

and oh yes i am dancing with the market.. long already..


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fed was right, the market SUCKS today i lost a lot lol

here we go guys alittle patience might just get you to the promise land..

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Fxahilies!!! I am working hard about my trading style everyday about 10-12 hours too... Like you told me - with more practice it all start to be more clear for me... Now it's no problem for me to see an opportunity for trade. It's no problem to lose sometimes. If I lose - I know that only I can to decide how moch my money I'll give to the market. For me it's a very big deal. Erlier when I did lose I just did look at the chart and did hope that the market will reverse to my way (but with this way of trade management only my losses did grow). Form now I cut the losses and look for new opportunity for trade. I appreciate your help for me and have to say you BIG THANKS!!! What I want to tell is - EXIT WISE is very important thing about what I am still working too... And it is for me now a QUESTION #1!!!
I think in some weeks we'll ready to speak about it again...
So I thank you and wish good luck in your trade!!!!!

i just exited at breakeven, I wont let it to full me again.. and will short fractal break..


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Im done for the day I failed

its ok losing is part of the game, right? just pick yourself up leak your wounds and get ready for monday.. and you have the whole weekend to do that. and i further advise, to do some chart studing and go over your trades that you took and the one that you did not took!! .. we did have a pretty darn good bull run on london session

hey guys, still practicing this method. just wondering: has anyone here got this method to a good point in profitability, ie. 5% a week returns?

hey fxachilies I am trying to use the losers thread style more, It seems like you use that too?

I made 4 % in the last 2 days and today i lost 5% I guess we need to try again, thanks once again for your charts they help me a lot.

Cheers

Ogna,
The answer to your question is yes and no.. I use feb's knowledge to as much as that i can absurb and understand and then incorprate it to my trading.. but can't quite do what he do.
I dont have feb's experince from years of practise, discipline and confidence when it comes to testing the market the way he does and as much as he does.. on the technical part to be a consistent winner, for me, picture has to be alot more clearer.. i am a step lower in comprehensibility for now.. more action has to shape up in order for me to have the courage to take action. The early part of this week I did put myself to test and i tried to do what he does and i got murdered, losing over 40 grand.. no biggie no cries.. but I findout that i am not up to the par yet.. or maybe more importantly it does not suit me to be such super high frequency trader.

system II is the core foundation of my trading style mixing it up with feb's journal and losers thread techniques and some fractal theory, to capitalize on more timley entery oppourtunities and use of exit designation to help maximizing profit taking (thats a working progress) so with that said, simply my main goal is, with continues studies and trade practises keep grading up my market read of naked 5 minute charts.. everything else will take care of it self upon gradual improvments.

I made 4 % in the last 2 days and today i lost 5%
I would recommend to not get hung up on winning and losing percentages on daily basis.. just risk wisely and keep learning.. I know its money that your losing but just think of it as a education tuition.

don't sweat todays loss.. have a good weekend.

Ah ha thank you!, I feel better now, my account is tiny anyways I just feel bad when I loose maybe because I just started live like 3 days ago lol, 40 grand!?!?!? lol my account is micro under 400 haha

thanks!

Hi,

I've been following this thread for a few weeks.

fxAchillies, I see a lot sense in what you do.

I also lost a bit of cash today and your maturity in handling loss is something I will take note of.

Have a great weekend all.

Cheers.

Yes I practising this methode every day.
I found view points to adjust and make my trade better (#2217),

Untill now,
I still not reach 5 % return yet, but start to positive.
It's about how can I handle the trade what is important.
In my trade money is only numbers, I will stop trading when it reach 200 pips lost , that is 10% ( if I'm not sleepy).

How do you find out about this method Ace ?
I see you old timer here,
you must have a lot of things for us.
Still using this methode ru ?

Mulyadi

im an old timer? no one told me.

lol im a total noobie

Hey Feb,
I have 2 questions for you,
1)How or where did you get the information that the market was going to choppy last friday? (you were spot on!)

2)Once I remember something about every third Friday of the month? Something in regards to stocks, what is this and what effect does it usually have on the market?

Thank you Feb!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Edit* Sorry if these are n00b questions :\

I just read this thread up till now, and I just want to thank Feb for his logical and rational view of the market. I have learned a lot! I just want to say thank you for taking what you have learned through out your trading career and helping us. I hope someday I can do the same. Feb, I wish you the best of health and many more years of life. Also, thanks to all of you who kept this thread alive in Feb's absence.. I might not have found this thread otherwise. I will start trading with a new sense of direction at NY open tomorrow; I'll be sticking around to learn more.