The System II (Yes with irony) | Page 158 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

We all need pivots to win..yes or not? 13 replies

The System (Irony included) 1,175 replies

Attachments: The System II (Yes with irony)
Exit Attachments

The System II (Yes with irony)

  • #3,141
  • Edited 8:44am Jul 30, 2009 8:07am | Edited 8:44am
OK, I'm back after short break from the screen, but it looks that I haven't miss-out much of the market action.
Jaco, re: triangle formation or other patterns, of course I do see them when they're forming,
but this isn't make any difference to the entry/exit points because that's determined by 1-2-3 set-up or fractal reversal.
The same about my any other market observations, they simply aren't most important when shooting up or down.
Feb's "system" offers simple and effective way of trading, which leads to the incredible profitability,
but also by learning to read a pure price action and understanding current market conditions you became a better trader in general.
I know for sure, that last seven - eight months which I've been using this method not only double (nearly triple) my account,
but also have changed my view on trading and my level of confidence grew so much, it's unbelievable.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 31 KB
  • #3,142
  • Jul 30, 2009 8:12am Jul 30, 2009 8:12am
Quoting DareXau
OK, I'm back after short break from the screen, but it looks that I haven't miss-out much of the market action.
Jaco, re: triangle formation or other patterns, of course I do see them when they're forming,
but this isn't make any difference to the entry/exit points because this is determined by 1-2-3 set-up or fractal reversal.
The same about my other market observations,
they simply aren't most important when shooting up or down.
Same trade than you.... It doesn´t look so good by now
Attached Image (click to enlarge)
Click to Enlarge Name: Captura.JPG Size: 63 KB
  • #3,143
  • Jul 30, 2009 8:51am Jul 30, 2009 8:51am
Quoting Ari Gold
Hey boz,

I probably shouldnt have posted that because it looks like i havnt really followed along the same rules as all other trades. Not a clear swing there.

What i have done is seen a fairly clear level running through there (didnt have the level on my chart... just observed it) which shouldnt be part of the decision making process anyway.

Then i saw it broken down, pull back, and put in the highlighted fractal (again didnt have these on may charts at the time... just putting it there so you see what was going on in my head)

When price...


thanks and no problem at all; I was just curious and trying to learn.
  • #3,144
  • Jul 30, 2009 9:18am Jul 30, 2009 9:18am
... this almost got me by surprise, but good trader is always ready for everything ... ha, ha
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 30 KB
  • #3,145
  • Jul 30, 2009 9:29am Jul 30, 2009 9:29am
I hate price action today... Up and down, Up and down... Hrrr...
Every moment in the market is unique.
  • #3,146
  • Jul 30, 2009 9:40am Jul 30, 2009 9:40am
Quoting pipzone
I hate price action today... Up and down, Up and down... Hrrr...
Hey, it's nothing to hate, it's a good money spin, ... some winners, some losers ... excellent learning experience.
  • #3,147
  • Jul 30, 2009 9:46am Jul 30, 2009 9:46am
Feb's "system" offers simple and effective way of trading, which leads to the incredible profitability,
but also by learning to read a pure price action and understanding current market conditions you became a better trader in general.
I know for sure, that last seven - eight months which I've been using this method not only double (nearly triple) my account,
but also have changed my view on trading and my level of confidence grew so much, it's unbelievable.[/quote]

Hi Dare,

it seems really unbelievable what you write : so simple and profitable at the same time!
I fully accept to learn from the thread and thanks to the guyz like you who explain in advance what they are playing,

Cheers,
Maverick
  • #3,148
  • Jul 30, 2009 9:55am Jul 30, 2009 9:55am
DareXau,

how do you keep the focus when trading so long? I am sometimes already dead after 4-5 hours of trading... it is quite exhausting for me.
  • #3,149
  • Jul 30, 2009 9:56am Jul 30, 2009 9:56am
Anyone else waiting for this reverse?
Attached Image (click to enlarge)
Click to Enlarge Name: Captura.JPG Size: 59 KB
  • #3,150
  • Jul 30, 2009 9:57am Jul 30, 2009 9:57am
Yes, it pays to read this thread from the begining, trust me.
I did that, not only once, but probablly five/six times already
and that wasn't the last time, I'll go over and over again.
  • #3,151
  • Jul 30, 2009 10:00am Jul 30, 2009 10:00am
Quoting -jo-
DareXau,

how do you keep the focus when trading so long? I am sometimes already dead after 4-5 hours of trading... it is quite exhausting for me.
It is very exhausting for me as well....

Apart from that, I've tried to manage 2 pairs as EURUSD and GBPUSD and it is imposible to me lead with both at the same time...
Too much concentration to follow closely two price action....

Anyone does?
  • #3,152
  • Jul 30, 2009 10:04am Jul 30, 2009 10:04am
Quoting -jo-
DareXau,

how do you keep the focus when trading so long? I am sometimes already dead after 4-5 hours of trading... it is quite exhausting for me.
... very easy, I'm completely relaxed, ... concentrated, but not stressed,
I don't care if lose - this is reality not some possibility,
but I know, that winning comes more often and by the end of day/week/month I'm better off anyway.
  • #3,153
  • Jul 30, 2009 10:06am Jul 30, 2009 10:06am
Quoting jplo
Anyone else waiting for this reverse?
... not me, I'm going up ...
two pairs is to much, it's really not working.
Scalping is to intense for that type of dividing
  • #3,154
  • Jul 30, 2009 10:27am Jul 30, 2009 10:27am
... last trade exited on technical fractal breakout, next trade is basically continuation of the previous one.
It is always better to cash-out when in profit, rather to watch the pips despairing or turning into loss.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 30 KB
  • #3,155
  • Jul 30, 2009 10:32am Jul 30, 2009 10:32am
Quoting DareXau
... very easy, I'm completely relaxed, ... concentrated, but not stressed,
I don't care if lose - this is reality not some possibility,
but I know, that winning comes more often and by the end of day/week/month I'm better off anyway.
It envolves a hard work to get that confidence...
Let me ask you a question...
Any day you end in negative?
  • #3,156
  • Jul 30, 2009 10:33am Jul 30, 2009 10:33am
Quoting DareXau
... last trade exited on technical fractal breakout, next trade is basically continuation of the previous one.
It is always better to cash-out when in profit, rather to watch the pips despairing or turning into loss.
last but not least WOOOW
  • #3,157
  • Jul 30, 2009 10:36am Jul 30, 2009 10:36am
Quoting DareXau
Hey, it's nothing to hate, it's a good money spin, ... some winners, some losers ... excellent learning experience.
Yes, I've got a good lesson today But i'm tired from this day trading. It happens rarely
Every moment in the market is unique.
  • #3,158
  • Jul 30, 2009 10:46am Jul 30, 2009 10:46am
Quoting jplo
It envolves a hard work to get that confidence...
Let me ask you a question...
Any day you end in negative?
Truly can't remember, must be a few months back ... but surly, that happens.
  • #3,159
  • Jul 30, 2009 11:00am Jul 30, 2009 11:00am
I closed-down this trade with 10 pips in negative, the price is slowly moving south again.
For me that's enough for today.
Have a good trading and see you tomorrow.
  • #3,160
  • Jul 30, 2009 1:49pm Jul 30, 2009 1:49pm
Quoting DareXau
Yes, it pays to read this thread from the begining, trust me.
I did that, not only once, but probablly five/six times already
and that wasn't the last time, I'll go over and over again.
Good point Dare, I have also read the thred twice and have still missed vital points. There are golden nuggets everywhere where people give back.
Survive and Preserve
10 traders viewing now