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  • First Post: Aug 31, 2007 6:27am Aug 31, 2007 6:27am
KISS = Keep it Simple Stupid

I used this system for about a year now, after trying so so many mechanical and intuition systems, I said it's simple, so I'm gonna crack it into (X) simple steps:

1. Set your 15M, 1H, 4H charts containing (Price Chart, RSI 14, Slow Stochastic, Bollinger Bands)

2. Draw a trendline on the RSI (on all charts, usually considering 1H the most)

(lower slope RSI trendline results in higher accuracy rates)

3. When RSI breaks the trendline with at least one completed bar, the direction is confirmed, the price will follow the RSI direction shortly or after some bars (usually 5-10)

4. Use the Stochastic Oscillator on the 15M chart just to fine-tune the entry.

5. Bollinger Bands and Fibos are used as supportive add-ins to assure the direction.

6. Stoploss: (50 pips), target: (40 to 100+) pips

Notes:

* I've tested this system on almost 500 live trades, and it resulted in almost 80% accuracy

* Try doing a hindsight analysis, so you can get an overview of how it works.

* It involves some little part of intuition (or maybe market sense)

* Will show examples later today.
Hi Meedo,

The RSI trendline is different on all timeframes and breaks at a different time (it seems).

Do I understand you to give preference to the 1H?

Thanks
Hi

please post charts

and what is your settings
ie, the stoch

TEB
if you consider RSI + Stochastic + Bollinger Bands + 3 TFs + Trendlines is a KISS system

then excuse moi brother
Quoting benssol
if you consider RSI + Stochastic + Bollinger Bands + 3 TFs + Trendlines is a KISS system

then excuse moi brother
Same Whore .... Different Dress
Quoting meedo29
KISS = Keep it Simple Stupid

I used this system for about a year now, after trying so so many mechanical and intuition systems, I said it's simple, so I'm gonna crack it into (X) simple steps:

1. Set your 15M, 1H, 4H charts containing (Price Chart, RSI 14, Slow Stochastic, Bollinger Bands)

2. Draw a trendline on the RSI (on all charts, usually considering 1H the most)

(lower slope RSI trendline results in higher accuracy rates)

3. When RSI breaks the trendline with at least one completed bar, the direction is confirmed, the price will follow the RSI direction shortly or after some bars (usually 5-10)

4. Use the Stochastic Oscillator on the 15M chart just to fine-tune the entry.

5. Bollinger Bands and Fibos are used as supportive add-ins to assure the direction.

6. Stoploss: (50 pips), target: (40 to 100+) pips

Notes:

* I've tested this system on almost 500 live trades, and it resulted in almost 80% accuracy

* Try doing a hindsight analysis, so you can get an overview of how it works.

* It involves some little part of intuition (or maybe market sense)

* Will show examples later today.


Used your system today and made 210 pips .IT WORKS!!! Thanks for sharing this .
Correction: Meebo = Meedo

Which pair did you trade?
Quoting billbss
Which pair did you trade?
As usual GBP/JPY
Gee,
My broker has run me out of business on that pair.
IBFX has raised the spread to 11-20 pips.
Quoting billbss
Gee,
My broker has run me out of business on that pair.
IBFX has raised the spread to 11-20 pips.
6.5 PIP at Oanda for the GBP/JPY
Same Whore .... Different Dress
Quoting meedo29
KISS = Keep it Simple Stupid

I used this system for about a year now, after trying so so many mechanical and intuition systems, I said it's simple, so I'm gonna crack it into (X) simple steps:

1. Set your 15M, 1H, 4H charts containing (Price Chart, RSI 14, Slow Stochastic, Bollinger Bands)

2. Draw a trendline on the RSI (on all charts, usually considering 1H the most)

(lower slope RSI trendline results in higher accuracy rates)

3. When RSI breaks the trendline with at least one completed bar, the direction is confirmed, the price will follow the RSI direction shortly or after some bars (usually 5-10)
Clarification. when you mean trend lines do you mean levels or what? when I setup my RSI it justs draws the squiggly line, is that what you mean by the trend line, or what. can you post pictures so we can see what you are talking about?
Quote

4. Use the Stochastic Oscillator on the 15M chart just to fine-tune the entry.

5. Bollinger Bands and Fibos are used as supportive add-ins to assure the direction.

6. Stoploss: (50 pips), target: (40 to 100+) pips

Notes:

* I've tested this system on almost 500 live trades, and it resulted in almost 80% accuracy

* Try doing a hindsight analysis, so you can get an overview of how it works.

* It involves some little part of intuition (or maybe market sense)

* Will show examples later today.

Hi guys, It seems I spent too much time hangin' out tonight...

I'll start answering every post in order,


Quoting billbss
Hi Meedo,

The RSI trendline is different on all timeframes and breaks at a different time (it seems).

Do I understand you to give preference to the 1H?

Thanks


Most times RSI breaks the trendline at the same point on every timeframe, because you've drawn the trendline to the same major troughs or peaks at the same prices...

I prefer 1H trendlines breakouts, because it's much safer than the 15M, and if you waited for a complete bar on the 4H chart, that might mean some pips lost till you have a signal...

But, I refer to the 4H to make sure if the trend is going to continue "Cut your losses, and let your profits RUN"...


http://img205.imageshack.us/img205/4...py1hoj8.th.jpg
Quoting TEB63
Hi

please post charts

and what is your settings
ie, the stoch

TEB

As you can see in the last chart, Stochastic settings are the default ones, given that I use exponential method instead of simple.
Quoting benssol
if you consider RSI + Stochastic + Bollinger Bands + 3 TFs + Trendlines is a KISS system

then excuse moi brother

I once used a system with 9 indicators, whenever 5 are heading together, I would enter...

So, I might call this system simple...
Quoting Arbit007
Used your system today and made 210 pips .IT WORKS!!! Thanks for sharing this .

You're welcome...
Quoting meedo29
Hi guys, It seems I spent too much time hangin' out tonight...

I'll start answering every post in order,






Most times RSI breaks the trendline at the same point on every timeframe, because you've drawn the trendline to the same major troughs or peaks at the same prices...

I prefer 1H trendlines breakouts, because it's much safer than the 15M, and if you waited for a complete bar on the 4H chart, that might mean some pips lost till you have a signal...

But, I refer to the 4H to make sure if the trend is going to continue "Cut your losses, and let your profits RUN"...


http://img205.imageshack.us/img205/4...py1hoj8.th.jpg
OK, we've broken the trendline.

Now show us how you enter using the 15M stochastic.

Thanks
Quoting mcmep11
Clarification. when you mean trend lines do you mean levels or what? when I setup my RSI it justs draws the squiggly line, is that what you mean by the trend line, or what. can you post pictures so we can see what you are talking about?

I hope this snapshot is clarifying enough, trendline 1's slope is less the trendline 2, you'll notice pips are much more after 1's breakout, you can't be sure of that if there's only trendline 2...
Quoting mcmep11
Clarification. when you mean trend lines do you mean levels or what? when I setup my RSI it justs draws the squiggly line, is that what you mean by the trend line, or what. can you post pictures so we can see what you are talking about?

I hope this snapshot is clarifying enough, trendline 1's slope is less the trendline 2, you'll notice pips are much more after 1's breakout, you can't be sure of that if there's only trendline 2...

http://img245.imageshack.us/img245/9...anddwh2.th.jpg
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