The System II (Yes with irony)

i'm not doing the eurusd 5m anymore because it's too much stressfull for me and aslo because i'm in asia and this one works best during london/US session obviously. I'm doing higher tm now. If you look back at my posts you can see almost all the trades I took but it was 2-2,5 years ago so it's not realistic to compare to today's market. however consider this a framework for building your own method than a method itself. I can tell you i traded a lot with this but you need stamina to get used to it and become consistent in the long term.
goog luck !

OK thanks, but I am just asking your pips/month profit, in order to determine if this method is better than others.

Of course it's up to you if you want to reveal your personal record, but it would be much helpfull for everyone interesting in this method, because at the end of the day, we all trade for profit!

Thanks!

Hi Peter

Have just started to look and read at this thread. Hopefully it will develop again

mickey

Hello traders!

It's nice to see this thread alive again!

To help you a little I have to tell you that this thread is big enough, and there is a lot of interesting there...

But, if you would like to read shortly all posts of thread's creator feb2865 - I would advice you to read the PDF-file wich content all his posts in one file about The System II.

Of course - you should read the whole thread if you would like to get an idea what is it all about, but just to see all posts of creator - read PDF...

Hope - you will find it useful.

Hi dim4ik42

Thanks for the pdf file, much appreciated!

Regards

mickey

... and in order "to get it" - I would probably try to explain this method as I got it...

Sometimes market goes sideways, but sometimes it goes in nice clean directional waves.

The System II - is all about catching the directional wave after market has shown its hands. I mean - after we see the first nice clean (and may be "wild" lol) swing, then we just try catch continuation of this move after the pullback. Why after the pullback? - It's easy. Every single move has its correction in the market (I should say almost every move). So, if we enter the market just as we see the move - chances are that we could get a correction in every second. But - if we enter the move after the pullback - chances are in our favor. Ok?

Market has its cycles - sometimes directional moves are bigger, sometimes they are smaller. So - just make your profit take order more closer to your entries when moves are smaller, and a little not so tight when moves are bigger.

Another option. (My subjective point of view). Use it carefully! This system makes money (as I understand it) just because you will see almost every time (not all the time!!!) the market makes more than one swing in some direction. I mean - there could be two, three, or even four tries (swings) in one direction. So - just catching the second swing is a good average.
And... I think (may be this is even more subjective point of view) - if we have market going strong in some direction at higher time frames (Daily, 4 hr, 1 hr) - then we could make it more easy to catch swings at 5 min. time frame in tune with direction at higher time frames. And you shouldn't trade everything you see. Take only the best trades. The best setups.

Good luck! Hope it helps!

You are welcome!

Hi Peter,

I can see in your attached screenshot some indicator which marked the values.Is it mt4 indicator can you share it ?

how does that indicator different values signifies can you please explain.

Its seems pink indicates sell and Sky blue indicates buy.

Is feb2865 back? Has he recovered?

I personally vouch and reckon this thread for those who are still looking for right system. Simple yet deadly profitable.

Trading is too hard.

Don't trade.

Wal-Mart pays 7 bucks per hour.

see ya!

Peace and Good Karma to everyone who are watching this post.

G'day Feb,
... what a nice surprise to have you in this thread again.
How is your health ???

Best Regards,
Darek

Hello, Feb!

Glad to see you around again! Hope - you are feeling good!

Wish you all the best!

Best regards. Dmitriy

A perfect time to sit on your hands

AUD/JPY is a nice pair to trade - AUD is way stronger than Yen, so it makes this pair "trendy" in all time frames.

Here's a short trade - bracket is obvious.

Fractals - the only indicator you will ever need.

Not the fractal that comes on MT4 - The one you spot on your trained naked eye.