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DislikedUSD/JPY 4hr crossed below 200 ema took short at 107.92 - maybe 100 pip move if strong?Ignored
DislikedThis shows just how simple trading is, and you are so much faster that any lagging indicator, price action is the key.
Well done excellent work!!!Ignored
DislikedMy trades using WSS (World's Simplest System) over the past 2 1/2 days:
E/U + 16 pips
E/U +14 pips
U/CHF + 25 pips
E/G + 40 pips
U/J + 35 pips (still open)
I didn't open these trades at 5:00 pm est, I just went ahead and took them when I saw them because they lined up with the 123 break system. I'm using weekly - daily - 4 hr.
TEB, I really like the system and would like to know more insight to effectively trade it. Because I definitely can't watch the market!Ignored
Dislikedhi there
way to go
3 questions
1. what are the time frames you are using?
2. you are using the 2 step exiting.?
3. Are using the 1.2.3 part of the system to get in or alway a cross of the 3rd 200?
tebIgnored
DislikedI am just trading it how you outlined it from the beginning.
Long:
Weekly - above 200 ema - check
Daily - above 200 ema - check
4HR - if it is below 200 but is moving up I'll go ahead and get in - if it is below 200 but real close, I'll wait to see if it tests. If it breaks through and the next candle opens above - I'm in!
I will sometimes put a 5-3-3 stoch on 4hr or look at the 1hr tf to help with shorter term direction confirmation.
Exits - I'm still trying to feel this out a little so I am missing some upside and getting out early. I do not know how to draw the levels like you do, so I just look at the last low below 200 ema (for sl) and the last high above 200 ema for max profit potential. Currently I am getting out when it seems like the move is slowing or taking a breather. I'm trying to develop the "guts" to hang in there a little longer!
I am looking to gain the confidence to "set it and forget it" so I can walk away from it. For now I am watching when I can until then.
I am open to your advice on how to set up the s/r levels that you always have on your chart?
Just so you know, I am putting together what you have explained here and with CC's 3 ducks ebook (but I actually like this better than 3D's).
So thanks to you teb!Ignored
Dislikedhi
thats great............
There is an ebook on the 1.2.3 ststem ,,,,
which I believe is the best system going
123.setup.pdf ......
tebIgnored