World's Simplest System | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Is There Any Simplest Method To Success In Forex? 63 replies

Absolute Simplest KISS Method. Also, how do we measure risk reward? 68 replies

Simplest Daily EMA Cross System 134 replies

Simplest system ever 74 replies

Back to Dow Theory....The Simplest Trading Method, by Thomas Chadwick 19 replies

Attachments: World's Simplest System
Exit Attachments

World's Simplest System

  • #261
  • Mar 5, 2008 2:46pm Mar 5, 2008 2:46pm
Attached Image (click to enlarge)
Click to Enlarge Name: chart4.gif Size: 16 KB


cable 15 mins

got to like it!!

TEB
  • #262
  • Mar 5, 2008 3:31pm Mar 5, 2008 3:31pm
Quoting MPP
hope this make sense

LOW - 0% 1.9338
HIGH - 100% 1.9958
200EMA - 1.9959

enter a few pips after the break of the 200?

my fib's are not set like yours but i know where the 1st and 2nd targets are, it's more about have i seen a potential entry the correct way

Attachment
you got it but.... Its not the same thing I am doing.
you are in fact doing "the real old 200 ema system"
& it works great....

I am trying to get in before price crosses the 200 ema
which is often when you see a great move ..
Like here...

but in WSS its the "4" breaking the "2" level
which is the 100% in the system right.

I personally believe in S/R more then MAs.
I use MAs just for trend
S/R for triggers ...so when the "4" breaks through the "2" or the 100% fib
....you enter

cheers

TEB
  • #263
  • Mar 5, 2008 3:38pm Mar 5, 2008 3:38pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
it's the same i thought, only in this setup the 2 (100%) is bang online with the 200ema(think blue line) daily price below 200, weekly and monthly above 200.

price going to try to break over the 100%/200ma, i know the TF are a little higher then usual, but the setup looks spot on for the 1,2,3 - 4 with a much higher target due to the higher TF, thus we can enter and let it run.

not traded this before and so far price has not broken the 100%, may be waiting for the UK rate statement.

hope this makes sense,

edit: it's a bit like having the chance to play both system at the same time.
  • #264
  • Mar 5, 2008 3:46pm Mar 5, 2008 3:46pm
Quoting MPP
it's the same i thought, only in this setup the 2 (100%) is bang online with the 200ema(think blue line) daily price below 200, weekly and monthly above 200.

price going to try to break over the 100%/200ma, i know the TF are a little higher then usual, but the setup looks spot on for the 1,2,3 - 4 with a much higher target due to the higher TF, thus we can enter and let it run.

not traded this before and so far price has not broken the 100%, may be waiting for the UK rate statement.

hope this makes sense,

edit: it's a bit like having the chance to play both system at the same time.

I do day as well...
I am a bit tired .... not sure where your 100% fibb is?
I think price was over your 100%
....but didn't close over it? is that right?
I wait for it to close over it !
....normally 2 tests ... then over ...

I would not have anything on the cable right now...

cheers

TEB
  • #265
  • Mar 5, 2008 3:57pm Mar 5, 2008 3:57pm
Quoting MPP
hope this make sense

LOW - 0% 1.9338
HIGH - 100% 1.9958
200EMA - 1.9959

enter a few pips after the break of the 200?

my fib's are not set like yours but i know where the 1st and 2nd targets are, it's more about have i seen a potential entry the correct way

Attachment
Ok I think I see what you are doing...
I am a little slow on the up take here...

anyways ... I don't see a 1.2.3 system
to manny swings in the middle...
that is just me ... I like to see it cleaner
so I know it really is a 1.2.3. system

TEB
  • #266
  • Mar 5, 2008 4:11pm Mar 5, 2008 4:11pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting TEB63
Ok I think I see what you are doing...
I am a little slow on the up take here...

anyways ... I don't see a 1.2.3 system
to manny swings in the middle...
that is just me ... I like to see it cleaner
so I know it really is a 1.2.3. system

TEB
OK i see, still trying to fully understand it, price broke my 100% but didn't close, so no entry.

i know this system is probably better used at lower TF, but this seemed to be spot on, there was a much better setup on the 1h with clearer swings, but i was watching the daily.

thanks for you help and understanding,

regards

MPP
  • #267
  • Mar 5, 2008 4:27pm Mar 5, 2008 4:27pm
Quoting MPP
OK i see, still trying to fully understand it, price broke my 100% but didn't close, so no entry.

i know this system is probably better used at lower TF, but this seemed to be spot on, there was a much better setup on the 1h with clearer swings, but i was watching the daily.

thanks for you help and understanding,

regards

MPP

1. no its much much better on higher time frames
2. yes I only count closes

I think you have a good understand!

cheers

teb
  • #268
  • Mar 5, 2008 5:25pm Mar 5, 2008 5:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: chart5.gif Size: 17 KB

eur/usd 15min chart

I didn't trade it but it was great set-up and follow throw

teb
  • #269
  • Mar 6, 2008 5:27pm Mar 6, 2008 5:27pm
TEB,

took the trade of GU from the 23rd Feb to the trigger today for 236 pips. Thank you. Still learning to find set-ups.

Harve
learn, profit, share
  • #270
  • Mar 8, 2008 4:03pm Mar 8, 2008 4:03pm
I use Metatrader 4 for my trading.It only has the Fib retracement tool .Can I get a Fib tool that has both retracement and projection and put it in the Metatrader?
  • #271
  • Mar 8, 2008 5:02pm Mar 8, 2008 5:02pm
charts of interest

Attached Image (click to enlarge)
Click to Enlarge Name: q1.gif Size: 15 KB


Attached Image (click to enlarge)
Click to Enlarge Name: q2.gif Size: 18 KB


Attached Image (click to enlarge)
Click to Enlarge Name: q3.gif Size: 15 KB


Attached Image (click to enlarge)
Click to Enlarge Name: q4.gif Size: 16 KB


teb
  • #272
  • Mar 8, 2008 5:14pm Mar 8, 2008 5:14pm
Quoting alecke34
I use Metatrader 4 for my trading.It only has the Fib retracement tool .Can I get a Fib tool that has both retracement and projection and put it in the Metatrader?

just use the standard fib tool on MT4
That is all i use

TEB
  • #273
  • Mar 9, 2008 4:33pm Mar 9, 2008 4:33pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting TEB63
just use the standard fib tool on MT4
That is all i use

TEB
just to add to this, open a chart, add a fib, then select the fib property, from here select defaults, then add and remove the ones you want or create new ones. once you have done this MT4 will always use these settings until you make another adjustment and then it will remember that.
  • #274
  • Mar 9, 2008 4:35pm Mar 9, 2008 4:35pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting TEB63
charts of interest


teb
i played the GU trade, tp and now looking to get back in lower, retest of the 200 on the daily
  • #275
  • Mar 10, 2008 11:00am Mar 10, 2008 11:00am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Hi TEB63
have you looked at the UJ 4h, i thinks there's a valid trade working there???
  • #276
  • Mar 10, 2008 3:45pm Mar 10, 2008 3:45pm
Cant see it myself - whats you reasoning?

Quoting MPP
Hi TEB63
have you looked at the UJ 4h, i thinks there's a valid trade working there???
  • #277
  • Mar 10, 2008 4:27pm Mar 10, 2008 4:27pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting redart007
Cant see it myself - whats you reasoning?
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 26 KB


pivot 102.80 is my 50% (3) fib point, looking for a break of the low, just not sure if there is to much clutter around the 50% (3) area.

high and low are my 0% and 100%, i haven't changed over to the 200% fib's yet, still like my targets, but things change - don't they

regards

MPP
  • #278
  • Mar 10, 2008 10:52pm Mar 10, 2008 10:52pm
Hi all,
Anyone can teach me how to setup this strategic?
Bcos i really not so understand even i read all the thread. Any one can simple explain how this strategic work? Please advice. Thanks.
  • #279
  • Mar 11, 2008 2:57am Mar 11, 2008 2:57am
Thats at very well - but you need to be looking at two time frames above...

There was a great setup in Feb when the 4hr started testing (rising above) the 200ma and the daily and weeklys price was below the 200ma - which is the premise of this system...

Think you need to re-read the orignal rules and read the 3 ducks system so you understand the setup properly - Fib etc help get you in and out.

regards

Red

Quoting MPP
Attachment

pivot 102.80 is my 50% (3) fib point, looking for a break of the low, just not sure if there is to much clutter around the 50% (3) area.

high and low are my 0% and 100%, i haven't changed over to the 200% fib's yet, still like my targets, but things change - don't they

regards

MPP
  • #280
  • Mar 11, 2008 3:04am Mar 11, 2008 3:04am
Its simple really - 3 time frames - in the 2 greater time frames the price should be above or below the 200ma - the lowest time frame it should be opposite to the 2 greater - thats the setup, then look for an entry and exit based on S/R or fibs or whatever

See my post 279 - read the first part of the thread and read 3 ducks system which this system is based on...

regards

Red



Quoting HLAng
Hi all,
Anyone can teach me how to setup this strategic?
Bcos i really not so understand even i read all the thread. Any one can simple explain how this strategic work? Please advice. Thanks.
1 trader viewing now