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The System III (Oh no!)

  • #181
  • Mar 10, 2010 12:16pm Mar 10, 2010 12:16pm
Quoting feb2865
Anyone short?
feb, you're the man!

I began a month or so back, and i have yet to even feel the feeling of a trade as though it's 'business as usual'
Even though i risk less than 0.5% of my account per trade, I have butterflies in my stomach when i put on a trade, and for the duration of it.. It seems I haven't gotten over the excitement yet. Nothing a little more practice can't fix. Thanks for everything feb
  • #182
  • Mar 10, 2010 1:14pm Mar 10, 2010 1:14pm
Trading with a simple chart and two lines is pure trading. That's the way I like it. When I see a chart full of everything I'm totally lost. Your chart is clear to understand. Two lines, Tree lower low, one target. No nothing to be confused. No decision to take in regard of any indicator, any pivot or anything else. Simple has that and has you said many time, that's better to keep it simple, do not stick to any plan, but open your eyes and look at you see in front of you.

Thank Feb helping others including me of course.
I just believe in... Peace and good Karma!
  • #183
  • Mar 10, 2010 1:43pm Mar 10, 2010 1:43pm
You wouldn't believe how many people I know went back to the Christmas-like charts because they believe trading is rocket science.

It not just unbelievable but frustrating at the same time.

I bet you all the money in the world that 90% of these all-so called guru's are nothing more than trades that just couldn't make it. Of course, is easier to sell books, courses and stuff.....
Peace
  • #184
  • Mar 10, 2010 1:56pm Mar 10, 2010 1:56pm
Quoting feb2865
You wouldn't believe how many people I know went back to the Christmas-like charts because they believe trading is rocket science.

It not just unbelievable but frustrating at the same time.

I bet you all the money in the world that 90% of these all-so called guru's are nothing more than trades that just couldn't make it. Of course, is easier to sell books, courses and stuff.....
You're so right here,

I've been in FX for about 6 months and to be honest, I loaded my chart with so many indicators that I could not even see very obvious trends that I can see now THANKS to you.

I believe I still have to learn a lot and yet to go through your system I & II but will do so soon.

Your approach (making others think) is very creative and I believe that is the key to create a successful trader.

Thanks & Regards,
  • #185
  • Mar 10, 2010 2:31pm Mar 10, 2010 2:31pm
Quoting feb2865

I bet you all the money in the world that 90% of these all-so called guru's are nothing more than trades that just couldn't make it. Of course, is easier to sell books, courses and stuff.....
Not always. Markets are nasty. No matter how much experience trader has market always will get him. Market doesn't respect years of experience, seniority, number of publications. Thus it is natural for a trader to look for more stable source of income to pay the landlord ;(
  • #186
  • Mar 10, 2010 3:01pm Mar 10, 2010 3:01pm
Quoting tghfbt8
Not always. Markets are nasty. No matter how much experience trader has market always will get him. Market doesn't respect years of experience, seniority, number of publications. Thus it is natural for a trader to look for more stable source of income to pay the landlord ;(
This job has been my only one for ages...and I know plenty of guys and girls doing so....for ages....

The big problem Iv'e seen is poor capitalization - many people come here with a false sense of reality. Like you can make it with just a couple of hundreds..
Peace
  • #187
  • Mar 10, 2010 4:19pm Mar 10, 2010 4:19pm
Quoting jalp
If I can help. No needs to %$67?%%& with colors.
I modified it to reflect Feb preferences.

Only two lines.
I cant open this file! Pl. help me.
  • #188
  • Mar 10, 2010 4:47pm Mar 10, 2010 4:47pm
Quoting feb2865
This job has been my only one for ages...and I know plenty of guys and girls doing so....for ages....

The big problem Iv'e seen is poor capitalization - many people come here with a false sense of reality. Like you can make it with just a couple of hundreds..
whats your next trade Feb?
mine is long at 1.3550 n short again at 1.3690?
pl. advise.
  • #189
  • Mar 10, 2010 4:55pm Mar 10, 2010 4:55pm
Quoting behman8850
I cant open this file! Pl. help me.
I don't know how to fix the attachment.php things(I'm not a wiz) but at least

Click on. Save it on your desk. Copy and paste into your mt4 editor.

The best i can say about it.
I just believe in... Peace and good Karma!
  • #190
  • Mar 10, 2010 5:00pm Mar 10, 2010 5:00pm
Quoting behman8850
whats your next trade Feb?
mine is long at 1.3550 n short again at 1.3690?
pl. advise.

You need to figure that by yourself....

sorry....

I don't teach people how to trade.... no offense intended...
Peace
  • #191
  • Mar 10, 2010 5:05pm Mar 10, 2010 5:05pm
Quoting feb2865
You need to figure that by yourself....

sorry....

I don't teach people how to trade.... no offense intended...
Feb you are already teaching us here. I asked your opinion on my trades. if you dont want to help I can understand, no offense taken.
  • #192
  • Mar 10, 2010 5:10pm Mar 10, 2010 5:10pm
DareXau,

Care to explain how they work and can you post the indi?

Thanks

007

Quoting DareXau
G'day Feb,
It's very nice to see you active again and starting something new,
I hope your health is improving and that may give us some more opportunities to learn new tricks from "old dog"
I've been following your notes and advices for over a year now and that made me not only a consistent and successful trader,
but perhaps more importantly a stress-free and happy, ... a big thank you Feb once again.
Well, ... as "system I" is for swingers (daily time-frame) and "system II" is for scalpers (5 min. time-frame)
this new "system III"...
  • #193
  • Mar 10, 2010 5:33pm Mar 10, 2010 5:33pm
Quoting feb2865
The big problem Iv'e seen is poor capitalization - many people come here with a false sense of reality. Like you can make it with just a couple of hundreds..
How much is the proper capitalization? 3K, 30K, 300K.
  • #194
  • Mar 10, 2010 5:37pm Mar 10, 2010 5:37pm
Quoting redart007
DareXau,

Care to explain how they work and can you post the indi?

Thanks

007

There is a reason that this system is (Oh no!) and the prior ones were (Yes with irony) and (Irony included). You might want to do the tiny bit of work required to seek out the threads and then read them. Without work; with another indicator ... so goes another fx failure.

Except that you've posted on the "The System II" already. So you appear to have done some work?

Anyway, Feb did say that this thread was to be solely about SIII so SII and SI should remain in their own threads.
  • #195
  • Mar 10, 2010 5:47pm Mar 10, 2010 5:47pm
Quoting tghfbt8
How much is the proper capitalization? 3K, 30K, 300K.

depends on how much you wanna make...but the idea that you can open up and account with 250..bucks gives people a false sense of reality....I've seen that...a lot.
Peace
  • #196
  • Mar 10, 2010 5:54pm Mar 10, 2010 5:54pm
Quoting behman8850
Feb you are already teaching us here. I asked your opinion on my trades. if you dont want to help I can understand, no offense taken.
I am willing to help. But if you have a logic behind a trade, just do it. If you read my past post(s) I put a lot of weight into missing the bus. Although this is a slower time frame, still the decision process has to be done in a timely manner, for not to miss the bus. Don't ask me if I should take this trade or not......don't waste time on me...pull the trigger and then ask!!!!!!

If you fall....that's ok...lick your wounds and keep moving...trading is harsh...not a glamorous profession people!!! Of course if you fall, I give you a hand but you need to take care of your self....
Peace
  • #197
  • Mar 10, 2010 6:20pm Mar 10, 2010 6:20pm
Quoting feb2865
I am willing to help. But if you have a logic behind a trade, just do it. If you read my past post(s) I put a lot of weight into missing the bus. Although this is a slower time frame, still the decision process has to be done in a timely manner, for not to miss the bus. Don't ask me if I should take this trade or not......don't waste time on me...pull the trigger and then ask!!!!!!

If you fall....that's ok...lick your wounds and keep moving...trading is harsh...not a glamorous profession people!!! Of course if you fall, I give you a hand but you...
Well said Feb.

By the way, when you notice I'm very poor in english but quite well in french. Anyway
I just believe in... Peace and good Karma!
  • #198
  • Mar 10, 2010 6:31pm Mar 10, 2010 6:31pm
Quoting DareXau
G'day Feb,
It's very nice to see you active again and starting something new,
I hope your health is improving and that may give us some more opportunities to learn new tricks from "old dog"
I've been following your notes and advices for over a year now and that made me not only a consistent and successful trader,
but perhaps more importantly a stress-free and happy, ... a big thank you Feb once again.
Well, ... as "system I" is for swingers (daily time-frame) and "system II" is for scalpers (5 min. time-frame)
this new "system III" is covering...
Hi Darek,

good to know you are good. Is Renko charts what you mean?

Thanks.
  • #199
  • Mar 10, 2010 7:50pm Mar 10, 2010 7:50pm
Quoting feb2865
depends on how much you wanna make...but the idea that you can open up and account with 250..bucks gives people a false sense of reality....I've seen that...a lot.
Say 10K a month?
  • #200
  • Mar 10, 2010 9:21pm Mar 10, 2010 9:21pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting feb2865
depends on how much you wanna make...but the idea that you can open up and account with 250..bucks gives people a false sense of reality....I've seen that...a lot.
You mean capital is determined by how much I want to make per month?

E.g:
My monthly expenses are 4k so my capital should be 10x the expenses---$40 000 and aiming 10% return monthly? or better than bank interest rate, say 3%?
It is like that?
Shake it off!Lick the Wound,Prey Again!
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