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World's Simplest System

  • #1,001
  • Nov 21, 2013 9:28pm Nov 21, 2013 9:28pm
Quoting Zaven
{quote} I just got here Pip...hope you would stick around cause it seems kinda quiet in here...guess people don't like simplicity I am also concerned with the frequency of trades...but this is my first week and already I've taken 2. That is a massive amount for me. 8 trades a week, if it can manage a good win ratio with the 2 targets teb uses it would mean some serious percentage increase in capital every month. Speaking of trades, here's another one that hit first TP a couple hours ago. I hope it's actually valid and not me being lucky......

congrads!!!
  • #1,002
  • Edited Nov 22, 2013 3:22am Nov 21, 2013 9:45pm | Edited Nov 22, 2013 3:22am
Quoting TEB63
{quote} congrads!!!
thank you teb! The trade is going strong now but should I leave it open over the weekend if it doesn't reach the 2nd TP in time?

edit: 2nd TP got hit but I would still like to know
  • #1,003
  • Nov 24, 2013 11:16am Nov 24, 2013 11:16am
Quote
Speaking of trades, here's another one that hit first TP a couple hours ago. I hope it's actually valid and not me being lucky...

That's cool! What pairs are you trading? There was a list of 7 somewhere in a thread.. Anyway, good luck to you, let's see what new week will bring us
  • #1,004
  • Nov 24, 2013 11:33am Nov 24, 2013 11:33am
Quote
I traded this system for 3 years when I 1st started
now I only trade it when strength/weakness is not working
ie, summer xmas

Thanks for reply, TEB! I agree with Zaven - it's great you still answering the thread after all this years. There's a lot of abandoned systems on this forum, we're lucky you keep updating this one
  • #1,005
  • Nov 24, 2013 10:49pm Nov 24, 2013 10:49pm
Please ignore my last post...I see that teb closes his trades before the weekend in page 1 lol...how could I miss that...

Quoting PipThinker
{quote} That's cool! What pairs are you trading? There was a list of 7 somewhere in a thread.. Anyway, good luck to you, let's see what new week will bring us
Oops there's a list? Lol I'm just taking those that look good without lots of wicks on the candles, and those with smaller spreads.

I see that EU and the brother pair UCHF are good for a setup...waiting for 1-2-3 to form...
  • #1,006
  • Edited 11:19pm Nov 24, 2013 11:00pm | Edited 11:19pm
Quote
Oops there's a list? Lol I'm just taking those that look good without lots of wicks on the candles, and those with smaller spreads.

That's OK, he just wrote something like "all pairs with eur, us, and JPY + gbpcad" or something like that.

There's probably a GBPCHF setup on 15 min (don't know if I'll be at my pc to take it).


BTW, I see usdChf you mentioned - it's going above ema, on 5 min. Didn't noticed anything on EU yet...
Good luck!

EDIT: I also eyeing EUR/NZD m5, it probably wants to return above ema...
Another EDIT: I think NZD/USD 5m is firing off right now, but I'll pass, as it's still a couple of hours left before the trading-tranding time.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade.png Size: 219 KB
  • #1,007
  • Nov 24, 2013 11:05pm Nov 24, 2013 11:05pm
ooh...im oni looking at the 4hr charts for now pip...it really is safer and more reliable. But the setup you've shown does look good...I might look to enter a small amount
  • #1,008
  • Edited 2:05am Nov 25, 2013 1:44am | Edited 2:05am
Quote
ooh...im oni looking at the 4hr charts for now pip...it really is safer and more reliable. But the setup you've shown does look good...I might look to enter a small amount

Normally I also prefer to look for W-D-4H combo, glad you are also a big-TF-surfer!
So, now I see this EU setup, is this what you've been talking about(pic)?

EDIT: good thing I was not in this EURNZD 5m, seeing how it went lol
Attached Image (click to enlarge)
Click to Enlarge Name: Trade.png Size: 224 KB
  • #1,009
  • Nov 25, 2013 10:51pm Nov 25, 2013 10:51pm
I think it's time to set pending stop on USD/CHF(4H)...

EDIT: although SL would be 130pips, I'm not sure I am ready for this heh
Attached Image (click to enlarge)
Click to Enlarge Name: Trade.png Size: 289 KB
  • #1,010
  • Nov 26, 2013 12:10pm Nov 26, 2013 12:10pm
Quoting PipThinker
{quote} Normally I also prefer to look for W-D-4H combo, glad you are also a big-TF-surfer! So, now I see this EU setup, is this what you've been talking about(pic)? EDIT: good thing I was not in this EURNZD 5m, seeing how it went lol {image}
U go for long or short as there is no 3 , like 1-2-3 setup . Like to know please
  • #1,011
  • Nov 26, 2013 7:45pm Nov 26, 2013 7:45pm
Quoting terminator12
{quote} U go for long or short as there is no 3 , like 1-2-3 setup . Like to know please

Pretty sure he's going short.

The Leg going from the last two fractals towards the black line is 1. The leg going from the black line towards the last fractal is 2. Just waiting for the price to go lower then the black line.and off we go..

But then again, what do I know..

Dutch
Been here7 years, still no clue whats going on
  • #1,012
  • Nov 26, 2013 10:36pm Nov 26, 2013 10:36pm
Quote
The Leg going from the last two fractals towards the black line is 1. The leg going from the black line towards the last fractal is 2. Just waiting for the price to go lower then the black line.and off we go..

Yes, you're right, Dutchy, - sorry, I wasn't specific enough, guys

Now the setup is complete (pic)
Attached Image (click to enlarge)
Click to Enlarge Name: Trade.png Size: 232 KB
  • #1,013
  • Nov 26, 2013 10:43pm Nov 26, 2013 10:43pm
No worries!

Did you take it?

I went Long EU at 1.3566

Cheers!
Been here7 years, still no clue whats going on
  • #1,014
  • Nov 26, 2013 11:31pm Nov 26, 2013 11:31pm
Quoting Dutchy_2012
No worries! Did you take it? I went Long EU at 1.3566 Cheers!
I am in that one too...looking strong...
  • #1,015
  • Nov 26, 2013 11:46pm Nov 26, 2013 11:46pm
Quoting Zaven
{quote} I am in that one too...looking strong...
Hi Traders , Which TF is the best for 1-2-3 , i use all on weekly as its makes no noise and more accurate ?????
  • #1,016
  • Nov 26, 2013 11:46pm Nov 26, 2013 11:46pm
Quote
Dutchy_2012 Did you take it?

On demo Interesting, how much time it will take for this tale to unfold...
  • #1,017
  • Nov 27, 2013 9:19am Nov 27, 2013 9:19am
Quoting terminator12
{quote} Hi Traders , Which TF is the best for 1-2-3 , i use all on weekly as its makes no noise and more accurate ?????

always the higher the TF the more accurate
ie. 1 2 3 on a week will be right over 85% but you might have one trade a year
on the 5 min likely less then 60% but you might have 2 trade a day

but if you are doing a 1 to 3 RRR even a 1 to 2 is great
1 to 2 RRR lets say 10 pips = you would lose 10 pips make 40 pips = 30 pips
1 to 3 RRR lets say 10 pips = you would lose 10 pips make 60 pips = 50 pips
  • #1,018
  • Nov 27, 2013 11:06pm Nov 27, 2013 11:06pm
Quoting TEB63
{quote} always the higher the TF the more accurate ie. 1 2 3 on a week will be right over 85% but you might have one trade a year on the 5 min likely less then 60% but you might have 2 trade a day but if you are doing a 1 to 3 RRR even a 1 to 2 is great 1 to 2 RRR lets say 10 pips = you would lose 10 pips make 40 pips = 30 pips 1 to 3 RRR lets say 10 pips = you would lose 10 pips make 60 pips = 50 pips
TEB63 , Yes i will stay with weekly , Thanks
  • #1,019
  • Nov 28, 2013 2:02am Nov 28, 2013 2:02am
Quoting TEB63
{quote} ... but if you are doing a 1 to 3 RRR even a 1 to 2 is great 1 to 2 RRR lets say 10 pips = you would lose 10 pips make 40 pips = 30 pips 1 to 3 RRR lets say 10 pips = you would lose 10 pips make 60 pips = 50 pips
Teb, could you eleborate on this? A Risk Reward Ratio of 1:2 should be risk = 10, reward = 20 = double up on hit.
1:3 = risk 10, reward 30 = triple up on hit.
Where do the 40 and and 60 pips come from?

Regards
  • #1,020
  • Nov 28, 2013 7:55am Nov 28, 2013 7:55am
Quoting zwirN
{quote} Teb, could you eleborate on this? A Risk Reward Ratio of 1:2 should be risk = 10, reward = 20 = double up on hit. 1:3 = risk 10, reward 30 = triple up on hit. Where do the 40 and and 60 pips come from? Regards


3 trades
2 wins - 1 loser = net pips

Winners 2 x 20 = 40 pips
losser 1 x10 = 10 pips
= 30 pips

etc
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