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World's Simplest System

  • #1
  • First Post: Jan 23, 2008 5:52pm Jan 23, 2008 5:52pm
I have had a lot of people email
saying they can only trade once a day what is the best system

the old 200 ema system in a great one
you use only a the 200 that is it for tools

you look for the trend to be broken

I start with the month & just move down
two the same way with the 3rd one the wronge way
I am looking to get in

4 hour 1 hour 15 is the main one I use
can use any three



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up

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up

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down


TEB
  • #2
  • Jan 23, 2008 5:56pm Jan 23, 2008 5:56pm
how do you use it

Attached Image (click to enlarge)
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very safe
pink- in
red - stop loss
blue - 1st target

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more risky
pink in
red stop loss
blue - 1st target


TEB
  • #3
  • Jan 24, 2008 4:30am Jan 24, 2008 4:30am
Attached Image (click to enlarge)
Click to Enlarge Name: 200 4 3hour.gif Size: 24 KB



teb
  • #4
  • Edited 8:05pm Jan 24, 2008 5:24pm | Edited 8:05pm
1st target hit

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closed 1/2 my trade
move up Sl to 0 +1 on the 2nd 1/2
  • #5
  • Jan 24, 2008 5:34pm Jan 24, 2008 5:34pm
pretty slick. how often do you find setups on that?
  • #6
  • Edited 8:04pm Jan 24, 2008 7:22pm | Edited 8:04pm
Quoting natejax
pretty slick. how often do you find setups on that?

all the time esp. when I am too busy to do any other system.
The 200 ema is the best single tool in any trading system.

its the bull/bear line in the sand
and is used by the most traders of any tool
also when price crosses it, on any time frame
you will see the jet power hit....and price aften takes off.
esp. if its cutting back into the higher trend

TEB
  • #7
  • Jan 24, 2008 7:43pm Jan 24, 2008 7:43pm
good to know. i will check it out as i am often short for time. thanks. which of your systems are you using most often these days?
  • #8
  • Jan 24, 2008 7:50pm Jan 24, 2008 7:50pm
Quoting natejax
good to know. i will check it out as i am often short for time. thanks. which of your systems are you using most often these days?

teb2

But you know it really don't matter the point is mtf trading
3 or 4 tf & good MM
& a trader is good to go
kiss is the best way to go ....
simple simple

a tool
a trend
a trigger
a target

thats it


TEB
  • #9
  • Jan 24, 2008 8:03pm Jan 24, 2008 8:03pm
Where is the edge with this system?
  • #10
  • Jan 24, 2008 8:06pm Jan 24, 2008 8:06pm
Quoting tdion
Where is the edge with this system?
what do you mean?

teb
  • #11
  • Jan 24, 2008 8:10pm Jan 24, 2008 8:10pm
I mean, what is the reason to enter the trade. There is nothing stopping this strategy from losing 50 times in a row...

Contrary to popular belief, MAs are not "magnets" for price.... half of the time the price is the magnet to the MA...
  • #12
  • Jan 24, 2008 8:15pm Jan 24, 2008 8:15pm
Quoting tdion
Contrary to popular belief, MAs are not "magnets" for price.... half of the time the price is the magnet to the MA...
I would say 100% of the times prices are magnetes to MAs...

MAs like any other indicator are price derivatives. Very simple.

If you learn how to understand price behavior, you are quicker than anyone else using indicators.

I laugh so much when I hear traders say they've found this cool indicator or combination of indicators that are price leading instead of price lagging.

That totally shows why most of traders lose at this game.

The above is not meant to criticize the strategy described in this thread. There surely are good strategies based on indicators, so whatever work best for us we should use it.
  • #13
  • Jan 24, 2008 8:21pm Jan 24, 2008 8:21pm
Quoting tdion
I mean, what is the reason to enter the trade. There is nothing stopping this strategy from losing 50 times in a row...

Contrary to popular belief, MAs are not "magnets" for price.... half of the time the price is the magnet to the MA...

it is simply moving with the higher trend..
you are buying in the dips & sell into rallies.

I would say MAs do have power because people use them
& the granddad of all the MA is the 200 emas
this MA DOES have power.

but this systems strenght is the high & lows (or TL break)
the 200 ema just shows the trend
of 3 TFs

you will not have a lot of trade
but I believe it likely will be the high % of any system of wins
but you need MM

TEB
  • #14
  • Edited Jan 25, 2008 1:02pm Jan 24, 2008 8:27pm | Edited Jan 25, 2008 1:02pm
Quoting ItalianSharp
I would say 100% of the times prices are magnetes to MAs...

MAs like any other indicator are price derivatives. Very simple.

If you learn how to understand price behavior, you are quicker than anyone else using indicators.

I laugh so much when I hear traders say they've found this cool indicator or combination of indicators that are price leading instead of price lagging.

That totally shows why most of traders lose at this game.

The above is not meant to criticize the strategy described in this thread. There surely are good strategies based on indicators, so whatever work best for us we should use it.

I agree with you- all tools are baced on MAs
that is why when I see 5 tools on a chart
- I know the person really don't understand what tools do
... all the tools really say the same thing ...really

what you see often is someone using two tools to show diff TF
ie Stoch 5.3.3 & a RSI 14
a stoch 14.3.3 & a RSI 14 say the samething
you will basically get the same buy sell signs

the strenght of a tool, is it is easier & quicker to read one tool on 3 TF
then to really read PA on 3 charts.

TEB
  • #15
  • Jan 25, 2008 3:04am Jan 25, 2008 3:04am
TEB63,

are You still using 3 ducks?
  • #16
  • Edited 4:11am Jan 25, 2008 4:00am | Edited 4:11am
Quoting sphinx
TEB63,

are You still using 3 ducks?
yes.. this system is a great team with that system I think
both are slow price over MAs on 3 tf

but they are opp. to each other
60sma is a break out system with the trend
200ema is a retrend system back into the trend

teb
  • #17
  • Jan 25, 2008 4:06am Jan 25, 2008 4:06am
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wait until it closes over the high

BBBUUUTTT it is friday of a very intersting week

TEB
  • #18
  • Jan 25, 2008 4:56am Jan 25, 2008 4:56am
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closing out its friday great week
see you monday

TEB
  • #19
  • Jan 25, 2008 12:09pm Jan 25, 2008 12:09pm
I didn't take this trade I had other trades on

but it is book trade - to trade a free trade

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Target 1 got taken out (1st blue circle)
would have got about 35 pips

I would close 1/2 or 1/3 of my trade .
move the stop lose up to 0+1 on what ever else I have (red line)

so the rest of the trade is now free
then price dropped down & takes out takes out SL
(its friday so maybe a good sign this pair is going to go up)

TEB
  • #20
  • Jan 25, 2008 12:14pm Jan 25, 2008 12:14pm
hi Teb
thanks for sharing,how do u work out the target levels
regards
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