The System II (Yes with irony)

i cancelled my short order.. as I think everything seems to be onhold till this anouncment..

Me to, have run few pips on going short, but now testing long side of this carousel.

... this carousel paid very well this time ... 55 pips on the way up and 240 pips going down the shaft.

Hello to all,

I would like to address a simple phrase that our mentor has repeated to us several times in this thread..... IF and WHEN..... a simple concept that I have been contemplating today especially after reading the first chapter of Mark Douglas "Trading in the Zone". I would like to draw some parallels between my interpretation of what Douglas wrote to what Feb insinuates with the above phrase. It seems to me that Feb's statement (imo) is crucial to the attitude that we must have to become consistent traders. IF and WHEN is not a predictive position is more like a zen koan where one needs to suspend any expectation or bias as to its meaning. It is more like a timeless state where one does not know what the future holds, in this case price action. Until we can deeply develop the understanding that anything can happen in the Forex Market only then can we approach each trade with the flexibility and open mindness to "roll with the punches" and control our risk and extract our profits. I personally have lost thousands of $$$ because I did not understand this simple concept and would fall into the abyss of hope and undisciplined risk taking. All the technical analysis in the world will fall short as long as we don't take care of what happens between our ears. It is no big secret that succesful traders think differently than the majority of trying traders. I hope that this post triggers you to pay attention to your emotion/thoughts in the act of trading... Feb, if this post interferes with your vision for this thread...no problem... I will respect your wishes. Anyway, each one of us needs to investigate for ourselves whatever information is shared by anybody even if the intention is to be helpful.

Hello everyone,
Moneda, I highly agree with you.. spot on in my opinion.
since I have been super active in this thread i feel its necessary for me to share my story since my arrival..
At first when I joinded the thread I understood the concept of "If and then or If and when" I grabed it.. and really put it to work and I did wonderfully.. it was great.. BUT.. then I got too smart for myself and started to put emphasis on "reading and predicting the outcome factor" and holding to my positions longer and etc.. disaster and horrors started for me, my results dipped dramatically.. I lost the sense of direction of what I do and more importantly a sense of an inability as trader crumbled in my world.. it was just awfull. The fact of the matter is that we don't know the feature of forex market price action.. feb says: Market is like a moving sand you'll need to dance along.
So.. I went back and reread all of febs major posts.. and realized, all this great messages from him are right infront of my face and it makes so much sense.. I just need to engrave them in my brain once for all and choose my path.. for gods sake is about time for me to do so or anyone that wants to be successful. Now that i have choosen my path and implementing and practicing everything wonderfull results are starting to show.

The purpose of me sharing my little journey with you guys as one of dedicated students of this thread is to just let you know I have been on both end.. one with bitter results and one with wonderfull results.. now be the judge on choosing your path.

Thank you Moneda for coming out and reminding everyone.. its most appricated by me.

Good trading to all.

Althought I rarely post I am still following along with this thread as I have from its beginning & I must say it is progressing along @ a steady pace.

FEB - Thanks for your time in sharing your skills & I am sure you have opened many traders eyes to how simple trading can be. One only needs to read & re read your post & they should have a clear understanding of what they need to do next. I am glad to hear your health is improving & I pray soon you will be fully recovered & your girlfreind will allow you @ least two Samuel Adams per week.

Moneda - Post #2404 is outstanding & so true. It took me several dollars & much wasted time to come to understand how I was going wrong. I have followed your contibution to this thread & I want to thank your for you willingness to share.

FXachilies - Thanks for all you help & willingness to keep the thread going during FEB'S absence. Your post are always informative & helpful. There is no doubt you have a clear understanding of how to trade the SYSTEM II & your charts are a big help in helping others to understand how its done.

There are many others that make a daily contribution to this thread & thanks to each of you as well. This thread & one other are the only threads I follow almost daily as they are the best I have found on any forum.

FEB thanks again for sheding the light on how you approach trading & MAY YOUR HEAlTH IMPROVE EACH & EVERYDAY.

"It Is Better To Light A Candle , Than To Curse The Darkness" Chinese Proverb
______________________________

AceTrader

Fxachilies,

Your honesty and willingness to share your path is much appreciated by all of us... This path is not easy...I am still shaping my mindset and hopefully my willingness and desire will slowly shape me into a disciplined and consistent trader. The more I learn about myself in this arena the more I appreciate Feb's messages that address the attitude that we need to incorporate into our thinking.... the man has consistently point the way for us... it is up to each of us to walk the path.

Ace,

Just read your post... thank you for your kind words... you have been a part of this group for a long time and I am glad that you are still here.

Thanks again,

Ace & Moneda,
Thank you verymuch for your nice words.. I have learned so much from your super informative posts aswell and I'll apperciated greatly.

Thanks again.

cheers.

just went long based on this reversal setup.. lets see what happens


http://www.forexfactory.com/images/attach/gif.gif

G'day,
I'm not really convinced to be only long at the moment, going to play both sides, preferably short ...

Moneda, Fxachilies,
Very good posts, I truly appreciate yours ideas and shearing them with us.

There is no news to give the market a jump start today haha

... it took nearly two hours to close in 36 pips profit; the only reason I kept this trade open is to observe and learn more about movements of this pair. Its now time for a short side ...

... hmm, a short trade was much quicker, but in 30 pips loss.

G'day,
When euro got smashed last Friday and dropped over 450 pips within 24 hours,
I have been expecting to see some sort of the price consolidation for next few days or so …
and thought it would be a good time to take a break from recent super active trading, but … this is not happening at all.
Instead, the euro/dollar is moving so nicely for 1-2-3 set-up, it makes impossible not to keep trading.
So, I'm trying to stay focused within the 5 min. time frame and keep generating more and more of … positive pips.
It's unbelievable, … how, all of this can be simple and relatively stress free;
just a few ingredients: easy strategy, strict money management, a bit of patients and some consistency … that's all, no fancy crotches or any magic,
… only a naked and pure price action to follow, … bloody simple, but incredible effective.
I'm not a “newbie” to trading, have started in this game a few years ago, initially with equities, than options, than moved on to cfd's trading sectors and indexes,
most of this time during the bull market, so … making some extra cash wasn't hard at all.
Unfortunately the market conditions has changed forcing me to look for something different,
… perhaps fortunately ... because, I have re-discovered the forex;
at this point I must say that the first couple of months in forex wasn't easygoing and rather unhealthy to my trading account,
due to the lack of orientation in new environment and common mistake so many traders are making,
witch is staffing-up a screen with more and more indicators up to the stage when conflicting signals confuses them totally.
Personally, I never been a big fan of the indicators, so when I have found “The System (Irony included)” and returned to the basics of trading,
my situation improved almost immediately as well as the account itself.
The similar thing is regarding “The System II (Yes with irony)” before, I would never consider myself as a scalper,
mostly because of the believe that, it is ineffective way of trading and risk to reward ratio is to high and the spread cost is killing any profitability, … etc. … it's all a rubbish.
O.K. trading a lower time frame is definitely more intense, but on other hand the ability to react to swinging price is so great and profitable its simply amassing.
Feb, thank you again for sharing your knowledge and experience with us and helping to become a better traders.
Good trading to all.

I couldn`t agree more.
Thx Feb for all your work.

Lets see, if the second short will reach T/P with out exiting earlier.

Trade close while still in profit, it looks like a price is ready for a next u-tern.

Hi everyone,
For those of you who wonder what happen to fxachilies due to my inactivity, I am right here.. I am not like one of those guys that come and go in this thread.. and this great thread/method by our mentor feb is the greatest and is the iT for me.. I must tell you I am just taking some time off and currently vacationing in Italy (bella..bella senora.. mucho vinooooo ). I find vacationing often, is a great counterpart to trading.. its important to get out and enjoy so to stay fresh and sharp upon return to the arena in this career. Of course i got my laptop with me to check on the market and our thread.. but when i noticed such a lack of activity it honestly made me so sad.. I ask of you as a brother to stay active.. whoever that has had an a inche of benefit from this thread owes a little bit of giving back, so we can keep this great thread alive for our own good to gain more wisdom and help others.. its a way to apperciated febs work for us.
ask for me, once I return from vacation I will be super actively trading this great method and contribute to the thread as much as i can.

see you all soon.. good trading to all.

saluteeeeeeeeeee.

Good on you mate,
enjoy the holidays to the max, and wish you only the sunny weather,
... and please don't twist your neck while looking around for a nice Italian chicks.