Boy it really is the simplest system.
teb
teb
- #142
- Feb 14, 2008 6:34am Feb 14, 2008 6:34am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
target!!!!
teb
teb
- #143
- Feb 14, 2008 8:01am Feb 14, 2008 8:01am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
here is what I am watching general usd crosses
teb
teb
- #144
- Feb 14, 2008 8:03am Feb 14, 2008 8:03am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
jpy crosses
teb
teb
- #145
- Feb 14, 2008 11:59am Feb 14, 2008 11:59am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
look at price bouncing of the 200ema It normally bounce 3 times
(off the 200SMA 2 times)
then bang we have a big move.
It will likely not break until higher Vol . & when it breaks it may well take right off ;;
or it might hold & then it will just turn south
& if it does it then it will likely move a long way that way
TEB
(off the 200SMA 2 times)
then bang we have a big move.
It will likely not break until higher Vol . & when it breaks it may well take right off ;;
or it might hold & then it will just turn south
& if it does it then it will likely move a long way that way
TEB
- #148
- Feb 14, 2008 10:20pm Feb 14, 2008 10:20pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
USD/JPY 4hr crossed below 200 ema took short at 107.92 - maybe 100 pip move if strong?
well- I hope it works out for you but
from 12noon to 7pm est I would becareful trading.
the vol is to small.
the only time I would take a trade in the time frame
would be around 5pm NY closing
cheers
teb
- #151
- Feb 15, 2008 9:19am Feb 15, 2008 9:19am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Friday late in Londen
Closing out my eur/usd trade at 1.4700
If I can get in at 1.4650 or better I will
or I am done for the week
Great week!!
had a great weekend
Teb
Closing out my eur/usd trade at 1.4700
If I can get in at 1.4650 or better I will
or I am done for the week
Great week!!
had a great weekend
Teb
- #153
- Feb 15, 2008 4:35pm Feb 15, 2008 4:35pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
This 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!!!
teb
- #154
- Feb 16, 2008 4:50am Feb 16, 2008 4:50am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
My 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!
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?
teb
- #155
- Feb 16, 2008 8:26am Feb 16, 2008 8:26am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I will be gone until tuesday.
Monday is a holiday in the USA so becareful trading that day.
Here is what I am tracking with possible set ups.
again because of the the holiday
I would not take a setup less then 4 hours -but that is me.
Aso The JPY crosses are all over the place
so I will likely take a pass on them at this time as well
cheers
teb
Monday is a holiday in the USA so becareful trading that day.
Here is what I am tracking with possible set ups.
again because of the the holiday
I would not take a setup less then 4 hours -but that is me.
Aso The JPY crosses are all over the place
so I will likely take a pass on them at this time as well
cheers
teb
hi 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?
teb
I 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!
- #158
- Edited 8:57am Feb 17, 2008 7:39am | Edited 8:57am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I 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!
thats great... I like the 3 ducks to.
the way you are doing it - 3 ducks is better!
Though this is still safer ...esp the way you are doing it.
its the true old 200ms system.
What I am doing is getting into the trade before everyone else that uses this system.
My in , is the last hi below the 200ema on the lowest time frame (up trend).
So I get in before price crosses the last 200ema...
I am trying to get the big move before the 200ema cross.
The lines thing- Here is how you draw them.
Go to your fibb tool take all the levels off
- then add 0% 50% 100% & 200%
here is how you use the lines (in an up tend)
place the 0% at the last low ( becomes the SL 2 pips below)
place the 100% at the last hight
when price close over (not like 3 ducks where it just has to cross)
get in. this is the 1.2.3 system
now I am using 2 lots .
the 200% is my 1st target
(or a closses round number ie. "0" "50 or 100")( two pips below)
I close 1/2 my trade & move up my sl on the other 1/2 to 0+1
now I have a free trade
I move up my sl every 50 pips
(- this is the easy way.. and works very well
But .. what I really do is keep move up to the next big low or last round number esp 100s.
but that is more complicated)
last target is a channel or s/r line or a turn in the market or the weekend etc
There is an ebook on the 1.2.3 ststem ,,,,
which I believe is the best system going
123.setup.pdf
teb
- #159
- Feb 17, 2008 7:58am Feb 17, 2008 7:58am
hi
thats great............
There is an ebook on the 1.2.3 ststem ,,,,
which I believe is the best system going
123.setup.pdf ......
teb
The link should be:
http://www.forexfactory.com/misc.php...hments&t=66749
Coz, when I clicked yours, didn't work. The Title is '123System', or another 123 setup??
Thanks
