The first swing before this one was good for me... let's see what happens next lol
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it was a little heat to my position... Well if I won't see a clear push up I will probably close my trade BE, or with some loss... BUT NEVER LET THE MARKET HIT MY STOP-LOSS!!!!!
it was a little heat to my position... Well if I won't see a clear push up I will probably close my trade BE, or with some loss... BUT NEVER LET THE MARKET HIT MY STOP-LOSS!!!!!
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Closed the trade with a little scratch 5 pips. Stop loss 26 pips is never hit. This is true trade expectancy in real time.
believe it or not - I wait for the next trade. I recognised the ewing down. BUT... it is evening time now in Europa, so I do not wait for a big move... But ar least I would try to test this entry.
believe it or not - I wait for the next trade. I recognised the ewing down. BUT... it is evening time now in Europa, so I do not wait for a big move... But ar least I would try to test this entry.
What's so great is the small stop loss. I am currently using a system quite successfully but often trying to find a good sl makes me have a sl of 100 pips or more. If you use good money management, your risk should be 2% (or at least that's what all the experts say). With this system, you can purchase 5 times more lots so a gain of 20 pips is like a gain of 100 pips on my current system.
the trade is moving well for now... will see what's next.
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Target 3502 hit!
I did not place take profit order because the first target could be the 3512 area, but i did want to look how the price would react there and if i could get more..... Well - price gave me more and i closed the trade at 3502.
I did not place take profit order because the first target could be the 3512 area, but i did want to look how the price would react there and if i could get more..... Well - price gave me more and i closed the trade at 3502.
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hello mr.dim
plz i checked the first post in this thread and i read that u made a PDF file tyo explain the strategy but i couldn't find it ...could plz upload the file
and since the thread has more than 1000 pages could u plz give me an idea about the results
thank u sooo much
hello mr.dim
plz i checked the first post in this thread and i read that u made a PDF file tyo explain the strategy but i couldn't find it ...could plz upload the file
and since the thread has more than 1000 pages could u plz give me an idea about the results
thank u sooo much
Last days I decided to re-fresh some thoughts in my mind, and was re-reading some of greatest feb's posts...
It "click" in my mind that I was missing something interesting about how to make $$$ consistetntly (lol...) - I forgot about something that feb2865 calls - "trade expectancy"!!!!!!!
Not sure how about you, but I think "in this thing" is the so called "edge" for this system - "The System II".
I made an PDF for your benefit... so - read it, it contains pure gold for someone who get it...
Last days I decided to re-fresh some thoughts in my mind, and was re-reading some of greatest feb's posts...
It "click" in my mind that I was missing something interesting about how to make $$$ consistetntly (lol...) - I forgot about something that feb2865 calls - "trade expectancy"!!!!!!!
Not sure how about you, but I think "in this thing" is the so called "edge" for this system - "The System II".
I made an PDF for your benefit... so - read it, it contains pure gold for someone who get it...
Good luck!
Ignored
hi , thx for sharing
very good pdf, a must read, again and again until it is in ones mind. No setup, no indicator or system needed, just practice day by day makes a good trader
Dimi,
Thanks for putting that together. There's a great deal of trading wisdom in the pdf.
In fact, ive been trialling other strategies because i grew despondent with Febs method for the very reason i wasnt cutting my losses short.
Thanks again.
Now I know we are trying to go naked here but I have just one small suggestion that could possibly make things better. If you are getting into a trade, before you do it slap an oscillator on there and check that there is no divergence. Mind you I am not saying to enter off of an indicator or off of divergence. I am merely suggesting to verify that there is no divergence. I think if there was a MACD or RSI there you would see that there was divergence. I say that because of the size of the last move. If you can spot that then you don't need the oscillator.
The System II (Yes with irony)
