Simplicity is the Ultimate Sophistication 814 replies
Why are we afraid of simplicity? 95 replies
The Journal of Simplicity Trade 12 replies
DislikedThat's really cool Ken- So I'll get an alert with each Dot.
DislikedMaybe it's me, but I find than this MA crossover signal you show have something wrong... arrow are 1 bar late than mine.
What do you think ?
PS : Thank you WaterFlame for your so simple systemIgnored
DislikedWF thanks for the system...
Just to be clear...
1) Because of CCI nature (and if I'm not wrong) we will always have CCI zero cross first. Then we wait for 3 EMA crossing 34 SMA. If it happens on same bar continue with 2); else, no trade and we wait for new CCI zero cross.
Yes, indeed, and thats why i have wrote in the entry rules to ebserve CCI 's momentum signal first. ( i will write in the processus again to not be missunderstood or if i have forgot to write the simulation of according signals )
2) As soon as 3 EMA crosses 34 SMA we enter a trade with 15 pips hard Stop Loss. (or we can wait for the bar to close but lets say we are in "aggressive mode").
Stop Loss at least at Entry signal ( Hard Stop ) when you dont have yet a spread candle, and you can exit if CCI weak with zero loss.
3) If everything goes right, by the close of the bar we should be in positive pips. From now on, we wait for exit signals, i.e. CCI/Candle weakness, 10 SMA cross, CCI 100%, 200% reversals, etc. ELSE WHAT ?
As i wrote, if you have not more than 35 pips and if CCI is not above 100%, you dont use the 10 SMA exit?
What happens if the candle closes lower than our entry? or even there is no 3/34 cross any more ? Should we wait for hard stop ? should we exit inmediatly ?
this is where i promissed to make graphics for stop loss with a live example, even if i explain just with words, visuals will explain it better.
please be patient until a loss trade happens, so i will take a screenshot
Could you be so kind to confirm me if I'm right in the first 3 points, and write a little more on those last questions ?
Thanks in advance
Can you or some one please point out the best templates/indicators
i will suggest to use what you find here
Also, I am in the west coast (USA, PST) and only have time during the evening.
Trade Asian Session
Can you pl suggest some good time to have a better probability of getting trades using your system, best pairs and the time frame?
Asian Pairs and 15 min timeframe
DislikedJust found this thread the other day. is bang on with the simplicity theory. had been testing a simaliar method that i came up with for the past couple of months (althought this one is better). looking forward to making some pips from it.
Whats been the results so far using this method using the h4 charts?
Might be worth someone, if not a few people login up a weekley report of there results, just to keep everyone up to speed on the progess.Ignored
Yesturday was a great day for me trading this new system. I have to admit I did use a couple other indicators that I use to help me recognize and confirm my entries. The best part about my trading last night is I was able to stay out of a couple trades a "professional" trader I follow made that went negative on him. The next couple days for me will be the real test to see if my success continues or not. Asia seems kinda slow today and I woke up late so I will not be trading the asian session today. The E/U looks to me to be "lazy" along with some other pairs right now so I wait for London. Good luck today you guys.
This system is so simple and effective, that it can be free!
Thank's Waterflame and everyone of you for the contribution.
For some early entry/exitsignals, you can use a 34 EMA overlayed on the CCi window.Every cross between EMA & CCi it can be a warning. Just look and give it a shot. And of course, if you spend a little time to study the CCi patterns and behaviour (I think Woodie CCi will be a great source), you will have more info coming from this indicator on what the price it will do next...
P.S. I've maded a backtest since oct 2007 till now, and I manage to get 95% profit trades! Highest percent system till now....I also use 14 tCCi for a better view and as a profit target I have borrowed some EMA's fib levels from the Vegas tunnel....Ignored
My trades during london so far:
Had a huge candle form to hit my stop loss on the U/J trade. It was not produced by news which was the wierd thing. Since then the market has been pretty wierd IMO. I might end up staying out until New York comes.
PS; rarely do I get perfect entries with this system. Normally it is after the trend has formed and an entry on a retracement on 15m chart. Most of the time I am going for less pips and a quick move in my favor. I did have a chance last night to get a 50 pip move on a heavy E/U trade but I was safe and took profits. I'm sure eventually I will have a trade that gets into enough profit fast enough to set a trailing stop and let it run.