The System II (Yes with irony) | Page 794 | 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)

  • #15,861
  • May 28, 2011 2:54am May 28, 2011 2:54am
Quoting DareXau
Very nice entry DF … price returned to test prior day high and shoot up again, I'm with you on this.

Thanks DareXau.That trade was just one of a few this week,that were all breakeven or stopped out.My plan for this trade is to take half off @ breakeven,then look to a breakout of last weeks high @ 4350 then trail it from their.Probably gonna bounce off 350 come back and stop me out.If that happens i will probably have a short in play by then.
  • #15,862
  • Edited 5:42pm May 28, 2011 5:33am | Edited 5:42pm
Hi DemoForever,
not bad plan … but I was planing this trade slightly differently, namely if the price would reach or move above the previous high (double top)
I was going to take partial profit and lock remaining portion in break-even, which I did as I've been expecting another usual dip somewhere between
New York and Dow Jones open with a resumption of the up-move afterwards. I was also bit uneasy about price behaviour around Frankfurt/London close,
but fortunately nothing wrong eventuated that time, so left it to run for a week-end (as it's free and easy money at this stage)
On another hand, my initial stop-loss was little lower than yours (under the swing), but entry point was also a bit earlier (giving a max. risk of 30-pips)
Have a good week-end,
Darek
  • #15,863
  • May 30, 2011 1:35am May 30, 2011 1:35am
Hi all,

First I would like to thank Feb for starting this wonderful thread. I have learn alot and I am very grateful of you.

I do not know what happen to Feb (have not read about it yet), but I pray for your good health…

I am new here and am still learning... I have read system 1 and also the first 50 pgs of system 2. Then I wanted to speed up my study, so I look through the attachment and found a newbies guide by Fxachilies. So I was reading it offline. Then as I was checking out if there are any recent event here and realise that some issue has happened???

Am I reading the wrong thing?

Anyway, I have started trading (very very small amount) to learn and feel the heat on my back.

My current trade (I live in asia)
Attached Image (click to enlarge)
Click to Enlarge Name: tiger1.JPG Size: 82 KB
  • #15,864
  • May 30, 2011 1:55am May 30, 2011 1:55am
I have shifted SL slightly above BE as I did not like the price moving up was too fast.

Out of trade with -3pips @4278.

Cheers
  • #15,865
  • Jun 3, 2011 3:15am Jun 3, 2011 3:15am
Morning all

Very risky buying into resistance @ 4500 but still adding to my long possition from last week.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd feb2.gif 2.gif Size: 19 KB
  • #15,866
  • Jun 8, 2011 3:39pm Jun 8, 2011 3:39pm
sustem2
Attached Image (click to enlarge)
Click to Enlarge Name: пустой график.gif Size: 49 KB
  • #15,867
  • Jun 9, 2011 1:19am Jun 9, 2011 1:19am
Quoting sergey kirov
sustem2

Впечатляет, мой друг!
  • #15,868
  • Jun 25, 2011 6:32am Jun 25, 2011 6:32am
Quoting dim4ik42
Впечатляет, мой друг!
Impressive indeed!

Sergey, what system were you trading?

Hey you guys, is there a post with a quick summary of the current rules in this thread?
I read about first 70 pages, it is fairly simple what Feb is teaching and I am trying to incorporate his thoughts in my trading. Although, it is hard to imagine that over the past 1000 pages the system did not evolve.
Please please dont tell me to read 1000 pages. I want to hope that I will eventually, but I'm not sure how long will it take me.
Is it still a simple 123 breakout, M5 tf, London/NY?
Is there anything the majority agrees upon as far as SL, TP and MM?
I want to get back to Forex after a long break, I never was profitable but I only lost $1500. After reading FF forums for hours, i believe that simple PA systems combined with years of screen time are the key, and I want to figure out everything Feb taught.

Привет криворожанам!
  • #15,869
  • Jun 25, 2011 1:59pm Jun 25, 2011 1:59pm
Sergey Kirov, dim4ik42, Crocodile...

Is it a Russian invasion?

Crocodile, I have the same problem. I just started reading this thread, it seems like a very good M-5 system, but I I'm afraid there's no system's summary and we have to read the whole thread.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #15,870
  • Jun 26, 2011 6:20pm Jun 26, 2011 6:20pm
I was wondering about the same thing. I started reading the first several hundred pages then skipped to the current and went backwards a few hundred pages. Then I just took some of the concepts and cobbled up my on system and have begun to trade it with micro lots. It would be nice to read a quick start guide of the latest and greatest incantation of Feb system. I'm sure it has evolved (not mutated) over time.
  • #15,871
  • Jun 27, 2011 2:00am Jun 27, 2011 2:00am
Quoting purpleskye
I was wondering about the same thing. I started reading the first several hundred pages then skipped to the current and went backwards a few hundred pages. Then I just took some of the concepts and cobbled up my on system and have begun to trade it with micro lots. It would be nice to read a quick start guide of the latest and greatest incantation of Feb system. I'm sure it has evolved (not mutated) over time.

Dear friend!

Please, read at least first 100 pages - the original trading concept is there. I mean - The real System II of Feb2865.

If you get how to make money using that simple yet profitable technique - you will be ok! After that you can read more here...

Look - the FCR-trading is the different trading concept. It is not so straight and simple as original System II is. And you know what - after almost the whole year of trading FCR-system I have returned to the original concept again.

Good luck!
  • #15,872
  • Jun 27, 2011 4:04am Jun 27, 2011 4:04am
Hello!

I'm sorry but i'm trying to understand the "FEB Method", just for "intellectual purpose" for now.

Is the first entry right?
And the second?

EURUSD at GMT+2, thanks in advance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1st.PNG Size: 21 KB
Click to Enlarge Name: 2nd.PNG Size: 21 KB
  • #15,873
  • Jun 27, 2011 5:49am Jun 27, 2011 5:49am
Quoting SteMag
Hello!

I'm sorry but i'm trying to understand the "FEB Method", just for "intellectual purpose" for now.

Is the first entry right?
And the second?

EURUSD at GMT+2, thanks in advance.

Hello!

Here you have my chart with two possible trades.

Feb's approach is just simple - swing+pullback+entery above higher high. Like 1-2-3.
Attached Image (click to enlarge)
Click to Enlarge Name: @.gif Size: 10 KB
  • #15,874
  • Jun 27, 2011 6:28am Jun 27, 2011 6:28am
Despite I have a different approach (similar pullback - entry method) I have feb's teachings as my reference point, always. My suggestion is simply skip FCR stuff. Too much "fluff" and no substance. In my view, the true definition of K.I.S.S method is feb system II. simple and yet a constant money maker.

Trust me, you don't need anything else.

Once you get the hang of Feb's method, you'll stop coming back to FF. Unless someone makes some sort of journal. At least is how I feel.
  • #15,875
  • Jun 27, 2011 6:36am Jun 27, 2011 6:36am
Quoting SteMag
Hello!

I'm sorry but i'm trying to understand the "FEB Method", just for "intellectual purpose" for now.

Is the first entry right?
And the second?

EURUSD at GMT+2, thanks in advance.
I add other charts, all profitable but the USDCHF, witch is still open with -10SL.

Comments? I'm on the right way?
Attached Image (click to enlarge)
Click to Enlarge Name: cool.PNG Size: 30 KB
Attached Image
  • #15,876
  • Jun 27, 2011 6:37am Jun 27, 2011 6:37am
Quoting dim4ik42
Hello!

Here you have my chart with two possible trades.

Feb's approach is just simple - swing+pullback+entery above higher high. Like 1-2-3.
Thanks for the replay!
  • #15,877
  • Jun 27, 2011 7:45am Jun 27, 2011 7:45am
Quoting dim4ik42

Please, read at least first 100 pages - the original trading concept is there. I mean - The real System II of Feb2865.

If you get how to make money using that simple yet profitable technique - you will be ok! After that you can read more here...

Look - the FCR-trading is the different trading concept. It is not so straight and simple as original System II is. And you know what - after almost the whole year of trading FCR-system I have returned to the original concept again.
Thank you very much!

One more question: dim4ik42, which pairs do you trade?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #15,878
  • Jun 27, 2011 10:54am Jun 27, 2011 10:54am
Quoting Favorite
Thank you very much!

One more question: dim4ik42, which pairs do you trade?
I trade mostly Eur/usd and Gbp/usd - they have the lowest spread (with my broker).

Good luck!
  • #15,879
  • Jun 27, 2011 4:44pm Jun 27, 2011 4:44pm
Quoting dim4ik42
I trade mostly Eur/usd and Gbp/usd - they have the lowest spread (with my broker).
That's what I thought. Thank you!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #15,880
  • Jul 14, 2011 10:46am Jul 14, 2011 10:46am
Hello every Body....
Attached Image (click to enlarge)
Click to Enlarge Name: 01.gif Size: 85 KB
1 trader viewing now