The System II (Yes with irony) | Page 643 | 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)

  • #12,841
  • Dec 24, 2009 7:07am Dec 24, 2009 7:07am
FEB,
As the year comes to a close I would like to take a few lines to say thanks again for your willingness to share The System II with everyone. I started follwing this thread early on & posted a few times, but my chart posting skills are lets say far less than savy, so I decided it would be best if I just read along as the thread progressed. Before I discovered The System II my trading was for the most part consisted of med-long term position trading the trend trying to use every indicator know to a trader at that time. I had OK success for several yrs, but soon discovered indicators for the most part do not work as they are lagging. After joing on the System II thread my eyes began to see what trading is really all about & that is PRICE ACTION. Since following along with the System II family my trading has gone to a new level of profits I had not seen before. The System II thread is one of only maybe four threads on this forum that is of any benefit to a trader. Not trying to sound negative, but its a fact as observed by a trader with more that 20 yrs in the business. Thanks again FEB & may your health & pips grow stronger in 2010.

FXachilies,
You are no doubt a stand up kinda guy & a true traders friend. During my reading of the thread it is obvious you provided some tough love to those in need. Sometimes that is needed to get the point across. Even though I didn't post on the thread that tough love also was helping to move me along & give me a better understanding of the mechanics of The System II. Thanks you for your willingness to standin for FEB during his absence.

To all the other members thanks for sharing your views & comments as I have gained much knowledge for each of you. I will keep following along & maybe one day learn to post a chart for you guys. I can trade it, but just can't post it.

FEB & Fxachilies you make a great team & have produced a masterpiece in this forum.

"MERRY CHRISTMAS TO ALL & A HAPPY NEW YEAR"


________________________
AceTrader
  • #12,842
  • Dec 24, 2009 10:11am Dec 24, 2009 10:11am
Quoting acetrader
FEB,
As the year comes to a close I would like to take a few lines to say thanks again for your willingness to share The System II with everyone. I

"MERRY CHRISTMAS TO ALL & A HAPPY NEW YEAR"


________________________
AceTrader
Acetrader, You have said, much better than I, what I want to echo.
Thank you Feb, Fx and all who have added to this thread and subsequently to my trading.
Merry Christmas
d
  • #12,843
  • Dec 24, 2009 2:43pm Dec 24, 2009 2:43pm
Merry Christmas to the system II group.

I can't post much here mainly because of work but I have always followed closely this thread and it's been a bless for me.

Thank you Feb for your wisdom and generosity.
Thank you Fx, you're an example to me.

Best wishes for a wonderful 2010
  • #12,844
  • Dec 25, 2009 9:47am Dec 25, 2009 9:47am
hello everyone,

the year is ending and we've been together all through and learnt from each other soo much. am happy to be blessed by efforts of each of you this season may you all be blessed and you trading be smart and sharper in the years to come. merry christmas and happy new year people.

Thx FEB and thx ALL

SmartFX
  • #12,845
  • Dec 25, 2009 11:59am Dec 25, 2009 11:59am
Happy Holidays Everyone and may you have a GREAT NEW YEAR!
  • #12,846
  • Dec 26, 2009 8:07pm Dec 26, 2009 8:07pm
Happy Holidays Everyone and may you have a GREAT NEW YEAR!
"The person who knows that enough is enough, will always have enough". .
  • #12,847
  • Dec 28, 2009 6:53pm Dec 28, 2009 6:53pm
Greetings to all,

Wishing all of you a happy, healthy and prosperous new year!
Attached Image
Unus pro omnibus, omnes pro uno
  • #12,848
  • Dec 28, 2009 7:05pm Dec 28, 2009 7:05pm
Hi moneda,

Happy holidays to you too my friend. Hope you had a great one and looking forward to the new year.



Quoting moneda
Greetings to all,

Wishing all of you a happy, healthy and prosperous new year!
Survive and Preserve
  • #12,849
  • Dec 31, 2009 9:11am Dec 31, 2009 9:11am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
I don't know what to say except THANK YOU
Can't believe trading naked is really stress free. All my indicators have been removed and use horizontal line to draw S/R, Fibo pivot, 00 and Fibo 50% retracement.

Previously I only trade 1 pair but after remove everything I can manage 4 pairs.UsdJpy, GbpJpy GbpUsd and EurUsd.

I don't believe I can do that. Am I dreaming? 120 pips for today. It has been long time I have achieved 120 pips in one day. OMG, is it real?

No indicators. No MACD. No RSI. No stochastic.No MA. No Bband. No CCI.

Thank you. Thank you . THANK YOU and THANK YOU.
Happy New Year
Shake it off!Lick the Wound,Prey Again!
  • #12,850
  • Edited 9:42am Dec 31, 2009 9:32am | Edited 9:42am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
I really understand why horizontal S/R is xtreme important. Your simple illustration and hillarious explanation has drilled into my head.

"wash - rinse and repeat" AND

"Higher/highs - lower lows...that's a key ingredient in order to read the markets
the market "failed" to move higher...oh yeah I got stopped
so I tell the charts ( yes I talk to the markets) "are you're going to move up...huh???" "show me your higher highs mother !@#$$$$% LOL

" oh so you're acting sissy....oh is that what you want??? so you just fooled me into moving higher???

I am going to getcha down"

I laugh and laugh each time I think of this. And also it's been long time I didn't laugh as much as today. My soul is back and I'm alive.
Shake it off!Lick the Wound,Prey Again!
  • #12,851
  • Jan 3, 2010 2:13pm Jan 3, 2010 2:13pm
Let's
get ready
to ruuuuuuumble!!!
2010 - Happy Financial Independence Year to all the family!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #12,852
  • Jan 3, 2010 4:37pm Jan 3, 2010 4:37pm
Hello,
Happy New Year family.. I hope everyone had the best holiday along side your friends and family.
To kick off the year with little more encouragement and excitement.. check out my sell trade in the chart below.. still going..
It was nothing but one of my regular trade off the many in dec.. a simple fcr breakout off the 5m TF with a G+ Def (15pips tops risk).. the next day price never looked back after super NFP sellout and rest is history with the golden 2009 December.

look at me now.. if I can do it, you can do it too..

get your gear up.. there is more to the plan!!!

Most of you can figure it out by just looking at the picture, but soon I will give you the details.. Meantime stay on course with our bread and butter with what we do, and do it to the best of your ability and sometimes you might just fall into couple of such trades yearly.. (this is just a bonus that you happen to fall into, but savvy/alert enough to recongnize it and act accourdingly)

it just shows you how powerful this can be with our simple early Death Reversal (macdaddys word..lol.. love it) entery and have the luxury to postion ourself in driverseat for infinte profit taking and making the “makeout with fakeout” to payout back in the big way.

The sole purpose of this post to is to start the year off with a awerance of possible potential.. postitivity.. a confidence booster, developing winning attitude towards this beast..
Mental is king and bottomline rules.

Let just do it.. and be on our way to Financial Independence like my dear friend Macdaddy says above..


Talk to you all in a week or so..
http://cdn.forexfactory.com/images/attach/gif.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 555.gif Size: 26 KB
  • #12,853
  • Edited 5:11pm Jan 3, 2010 4:46pm | Edited 5:11pm
Quoting fxachilies
Hello,
[i][size=3][font=Calibri]Happy New Year family.. I hope everyone had the best holiday along side your...
Hello buddy Fxahilies!!!!!

I am very glad to see You here again!!!!!
Hope you had great holydays.


Wow! Wonderful trade! Great!

So, do we start to enjoy profit right from monday??? lol... I am ready!!!!

Ok, I will try to understand how you do this kind of trades..... I think you take every valid set up on 5m chart as we always do.... and (MAY BE!) hold some trades on higher TF....
????????????????

But I think this is wrong version from me.....
  • #12,854
  • Edited 5:13pm Jan 3, 2010 4:50pm | Edited 5:13pm
One step at a time - 123 and expentency practice.
Waiting for short - under blue line.
Sorry I posted wrong chart. Now I had fixed it. Any guidance please.
I am newbie.. reading the thread till 250 pages will continue reading. It worths to read it again and again and mean while would practice 123 and expentency under guidance of great teachers....
Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: 0103b.jpg Size: 82 KB
  • #12,855
  • Jan 3, 2010 5:14pm Jan 3, 2010 5:14pm
Do you add the spread on top of the recommended number of ticks to enter the trade? If not the trade could be triggered below the swing high for example?
  • #12,856
  • Jan 3, 2010 5:23pm Jan 3, 2010 5:23pm
Quoting 786 trading
One step at a time - 123 and expentency practice.
Waiting for short - under blue line.
Sorry I posted wrong chart. Now I had fixed it. Any guidance please.
I am newbie.. reading the thread till 250 pages will continue reading. It worths to read it again and again and mean while would practice 123 and expentency under guidance of great teachers....
Thanks in advance.
No idea about where market will go... waiting [email protected] and [email protected]
  • #12,857
  • Jan 3, 2010 5:25pm Jan 3, 2010 5:25pm
If the market makes a move 30-40 pips up and we wait for the pullback before going long at the high of the up move - and get out for 10+ pips. Could we then wait for another pullback and re-enter on the high of that next move?

If this can be done would the next move be counted from the very start of the overall move, or where the pullback occured?

Hope someone understads what I am getting at and can help me! I just made my first trade with the system and made 10+ pips!

I have attached my first trade that was a winner. What I want to know is if price makes another pullback is this considered another possible entry on the high of the move and where do I count the move from?
Attached Image (click to enlarge)
Click to Enlarge Name: win1.gif Size: 13 KB
  • #12,858
  • Jan 3, 2010 5:30pm Jan 3, 2010 5:30pm
Quoting gangsta1
Do you add the spread on top of the recommended number of ticks to enter the trade? If not the trade could be triggered below the swing high for example?
I should just ignore this question because it is covered in the begining of the thread and I have been encouraged over and over to read the thread because the answer is there. Most followers of this thread make sure to add the spread and 3 more tics minimum. Hope this helps though I will encourage you to read the thread. I am in the process of doing it again myself.
I make money anywhere in the world by taking orders
  • #12,859
  • Jan 3, 2010 5:37pm Jan 3, 2010 5:37pm
Quoting SedonaPipper
I should just ignore this question because it is covered in the begining of the thread and I have been encouraged over and over to read the thread because the answer is there. Most followers of this thread make sure to add the spread and 3 more tics minimum. Hope this helps though I will encourage you to read the thread. I am in the process of doing it again myself.
Thank you for your help.
  • #12,860
  • Jan 3, 2010 5:38pm Jan 3, 2010 5:38pm
Quoting gangsta1
If the market makes a move 30-40 pips up and we wait for the pullback before going long at the high of the up move - and get out for 10+ pips. Could we then wait for another pullback and re-enter on the high of that next move?

If this can be done would the next move be counted from the very start of the overall move, or where the pullback occured?

Hope someone understads what I am getting at and can help me! I just made my first trade with the system and made 10+ pips!

I have attached my first trade that was a winner. What I want to know is...
There is so much to talk about here and I don't want to discourage you and your journey. I will say all these answers are in the thread. The first place to start is to train yourselves to have a catch a runner mentality. What you did is missing that point and will end up hurting you in the long run.
I make money anywhere in the world by taking orders
48 traders viewing now