The System II (Yes with irony)

i have entered on this bracket brakeout. lets see. if price is stalling a bit more a may exit.

exited +6 pips....now looking to go long

My 3 trades for the day. First 2 I didnt stay in long enough, not patient enough. 3rd trade took 21 to get pips on the board for the day.Looking for a BB now.

took the long.
exited maybe a little early. but all in all about 50 pips. so im not complaining.

nice job with the 2nd trade. this one cost me about 20 pips or so. you survived it with less damage than i am.

I missed the 70 pip jump as I dont put orders in, I enter 'at market' and it jumped too quickly. I may have to start putting orders in.

This is what I'm looking at this morning.How do you guys see it. Bought @1.3696

out @3708. Worried abt double top

Hello Dear traders!

I was looking through this thread and I am happy that thi thread is still alive!
It is good! I like this thread, because here from this thread was beginning my journey as a trader! Feb did show us really different way to look at the market. He has shown us TRUE way to look at the market - like at a big-ass auction! World-wide auction! And he told us - do not worship anything at the chart other than price and your money management.

When I did start reading this thread long time ago I was not able to get the idea of this trading method.... lol - guess why! - Because of it's simplicity! lol

I thought that I did not "get it", if I think it is so simple.... but - it really was!

But - simple! Not easy... Just simple. Trading could not be easy, but it shoud be simple!

The idea of this particular method - swing+pullback is... What? Tell me - what is the general idea?

I'll tell you - to catch centrifugal move of the market... and - considering that we are trading 5 min. chart - to not be too greedy. So - even 20-25 pips profit every time - would be enough!

The second thing - the "secret" here is - Trailing Stop. You can trail your SL manually, or mentally - but what you have to do is - not to let the market to hit your initial SL every time... Look - just try to bail out manually or by Trailing Stop every time when you see that particular trade is going wrong a little earlier than your initial SL is. By doing this you will decrease your losse (in terms of money), and increase your profits (again - in terms of money).

By trading this method - you should not concentrate at pips.... You have to concentrate at MONEY. For example - you do not need to count your profits and losses in pips... In $$$ please! Like - (for example) I have 1,0$ to loose at every trade. So - I have my SL around 22 pips from my entery point. I have to divide then 1,0$ to 22 - and I will get the cost of my pip. If I will have 17 pips SL - then I divide 1,0$ to 17 and will get the cost of my pip. Is it understandable?

Then... you HAVE to try to reach at least (again - at least!) what you risk. If your initial SL was 24 pips - shoot for 24 pips. Of course - by managing your trade you will see the real battle, and sometimes you will have to take more little profit... But - mentally do shoot for at least the same abount what you are risking.

Then.... if you will trade this religiously - you will find yourself in the land, where losses are (if you are risking 1,0$ per trade - for example) about 0,4$-0,6$, and your profits are 1,0$ !!! Get it??? Ok...



What I want to add to this post is - do try to RESET your mind. If you are afraid that this is looking to simple... Well - YES! It is simple!
Of course - you are manager of your business, and you have to do it working for you... But - at least you know now how to do it!


Good luck to you!

feb , thanks a lot , i want to say i have been visual backtesting the method on eurusd 5m , and gbpyen 20m , and i have a big success rate , i like to keep it simple , and i think thats how it goes , thanks a lot man

Good day dear traders!

This week I want to trade The System II again. I was trading it some time (about 1-1,5 year) ago, and it was profitable for me. Now I want to remember that time and start to trade it again. Just because I have time and possibility to trade 5-min timeframe.

Now.... what is the CORE of The System II? - INITIAL IMPULSE SWING!!!

We need to see a clear cut, quantifiable move. Then we'll play accordingly.

This is a MUST in order to be profitable with this System II. Nothing is perfectly, but when you have your initial swing - you have centrifugal move on the market. Sorry for analogy, but this is like in your wash-machine - centrifugal move (for you to better get the idea). Or it is like you throw the stone (centrifugal move too). Get it?

Now... trade management is very important here too... Trail your stops. Not to close to "the fire", but you must reduce your risk every time. Let your winners run. If you see that your winner trade still goes your way and has enouugh momentum - let it ride a little more. Who knows - may be you will make 1:5 risk:reward this time.

Money management - I think there is no need to trade more than 1% of your account at one trade. No need to be too greedy. Better train to qualify нщгк set-ups, and then in future you will make enough money. (I mean - better to learn at first to trade properly, and then you will increase your account... )

Well. I think - enough for this post.

So - let's trade. Good luck!


(P.S. - I will trade the "first" System II - the first 50 pages of this thread).

Welcome back. Lets start it again:
Pure and simple teaching of Feb the Great Master.
Was looking on buy side but market did not come this side... looks Mr. Chop is here.

this short trade was BE for me...

nice long trade... i have to say - one of the best possible!!! Yes! I closed with 3:1 reward-risk ratio...

Hi Dim,

nice to see you here, brother.
I'll join trade with you here today.

I never see the most generous share in other thread,
as you post again here.
..

Hello, brother Musanto! Nice to see you here too!!!
What I trade last two years is the core price action trading. Before I used to trade all kinds of strategies based on indis, indis, indis... etc lol..
But Feb gave something valuale to us about the price reading and acting accordingly. This is what I trade last time. And have to say - I did not made millions of dollars still (lol), but my account is growing. Consistency is all I need.

I see very a few people can grasp these concepts about simple trading. Most tend to trade something that is too complicated by itself. Well... not my problem at all...

So - let's trade naked price!

Good luck!

Stop Buy EU 1.4097

still going down, cancelled out.
Any trade yet Dim ?

Morning, traders! yesterday was at least two great opportunity to trade system II... sorry for me - I was not able to trade it - some home stuff here.. At the chart I show these two possible trades - up long and short. What interesting is - with trading this system you do not need to predict the market... you just ride the move of market. Like Feb told - this system is - GO WITH THE FLOW!

You can see that this is definitely true - just by going by the flow could give us two great trades!

Of course - not everytime you will get so nice trades (market's moves), but you have to be prepared that such moves happens, and have to be ready to ride them. You can scale otu etc. in order to not loose profit which you already have, or just trail your SL.. Your choice.

Again - this system is - GO WITH THE FLOW!

Good luck!

Hi Mr.dim4ik42

Could you be kind enough to go into more details about feb or this systems "GO WITH THE FLOW!" thing... fill me in, I am a bit confused.


Thank you.