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World's Simplest System

  • #381
  • Apr 16, 2008 8:57am Apr 16, 2008 8:57am
hi Teb,

just like to know if you ever make any countertrend trades like selling eur/usd even though the primary trend is up ? or you simply let the 200 ema decide the 'bigger' trend ?

also related to the above, say there's a correction of the main trend on the daily chart, do you still take a trade back into the main trend using the 200 ema as usual or do you wait for any confirmation of the trend's resumption before you take a trade ?

very sorry for these tedious questions, many thanks.
  • #382
  • Apr 16, 2008 11:08am Apr 16, 2008 11:08am
Quoting TEB63
Attachment

teb
Please TEB63 clarify this for me.
I will like to trade the 4h, 1h and 15 minute set up.

I place 200 EMA on the 4 hour chart.
I place 200 EMA on 1 hour chart

Thia is where I have some problem ie

Do I place 200 EMA on the 15 min chart OR just change from 1 hour chart
with its 200 EMA to 15 min chart?

Thanks for your effort.
  • #383
  • Apr 16, 2008 11:52am Apr 16, 2008 11:52am
Quoting aelimian
Please TEB63 clarify this for me.
I will like to trade the 4h, 1h and 15 minute set up.

I place 200 EMA on the 4 hour chart.
I place 200 EMA on 1 hour chart

Thia is where I have some problem ie

Do I place 200 EMA on the 15 min chart OR just change from 1 hour chart
with its 200 EMA to 15 min chart?

Thanks for your effort.

In fact for this set up I only use the 1 hour and 15 min charts

the hour ... I have 200 ema
and I put the 800 ema on it which is the 200 ema on the 4 hour.

then I move down to the 15min and use only the 200ema.
some times I leave the 800ema on it as i use the same charts just move down on time chart
which is ok because the 800ema on the 15min is equal to 200ema on the hour (sort of)

Teb
  • #384
  • Apr 16, 2008 11:55am Apr 16, 2008 11:55am
Quoting findcount
hi Teb,

just like to know if you ever make any countertrend trades like selling eur/usd even though the primary trend is up ? or you simply let the 200 ema decide the 'bigger' trend ?

also related to the above, say there's a correction of the main trend on the daily chart, do you still take a trade back into the main trend using the 200 ema as usual or do you wait for any confirmation of the trend's resumption before you take a trade ?

very sorry for these tedious questions, many thanks.

yes ... i use 3 time time frames can be trend or counter trend to the main trend... what is the main tread...day week month...hour?

teb
  • #385
  • Apr 16, 2008 6:40pm Apr 16, 2008 6:40pm
Quoting TEB63
In fact for this set up I only use the 1 hour and 15 min charts

the hour ... I have 200 ema
and I put the 800 ema on it which is the 200 ema on the 4 hour.

then I move down to the 15min and use only the 200ema.
some times I leave the 800ema on it as i use the same charts just move down on time chart
which is ok because the 800ema on the 15min is equal to 200ema on the hour (sort of)

Teb
Have you used a Multi Time Frame Moving average?

1 hour chart: Black is the Daily 200 ema, Red is the 4 hour 200 ema and Green is the 1 hour 200 ema
Attached Image
Attached File(s)
File Type: mq4 #MTF_MovingAverage.mq4   4 KB | 568 downloads
Indicators show the past. Price Action "Indicates" the future.
  • #386
  • Apr 16, 2008 7:13pm Apr 16, 2008 7:13pm
Attached Image (click to enlarge)
Click to Enlarge Name: nn.gif Size: 21 KB


1.2.3 in the channal
teb
  • #387
  • Apr 16, 2008 7:20pm Apr 16, 2008 7:20pm
Hi TEB63 and Everyone,

Thank you for this simplest yet profound system and all the inputs. I truly agree that the 200MA is perhaps the most important support/resistance level that the big boys are using all the time. It is very wise to watch it closely for any trading opportunities.

To make the task more effortless, I wonder if anyone who may know any EA available that could sound an alert when the price touches 200MA (or any other important MA levels for that matter)? I can only find an EA for MA crossover, but not price/MA. Any programmer around who may kindly code it for us? It should be a very easy one to do. In any case, thank you again for such an intelligent system and all the enlightening iputs!
  • #388
  • Apr 16, 2008 10:43pm Apr 16, 2008 10:43pm
Quoting TEB63
Attachment

1.2.3 in the channal
teb
Hi Teb,

This one I don't understand. The Daily and Weekly PA are also below 200 EMA. I would say that Profit Taking should be in the Sell Zone and not in the Buy Zone.
Sure you are in an up channel, but this doesn't follow the rules.
Or are you experimenting with new rules? Or did I miss something?
  • #389
  • Apr 17, 2008 1:32am Apr 17, 2008 1:32am
Quoting TEB63
yes ... i use 3 time time frames can be trend or counter trend to the main trend... what is the main tread...day week month...hour?

teb
many thanks, Teb...........

i thought you'll only take trades in the primary trend. example would be selling USD so only buy eur/usd and sell usd/chf......
  • #390
  • Apr 17, 2008 3:23am Apr 17, 2008 3:23am
Quoting findcount
many thanks, Teb...........

i thought you'll only take trades in the primary trend. example would be selling USD so only buy eur/usd and sell usd/chf......
what is the primary trend?
the day and the week can be opp. to each other,

teb
  • #391
  • Apr 17, 2008 3:25am Apr 17, 2008 3:25am
Quoting fewhills
Hi Teb,

This one I don't understand. The Daily and Weekly PA are also below 200 EMA. I would say that Profit Taking should be in the Sell Zone and not in the Buy Zone.
Sure you are in an up channel, but this doesn't follow the rules.
Or are you experimenting with new rules? Or did I miss something?

no you are right
I said it was a channel trade not the 200ema sorry for the confusin
teb
  • #392
  • Apr 17, 2008 7:24am Apr 17, 2008 7:24am
Quoting TEB63
Attachment

1.2.3 in the channal
teb
1st target taken out

teb
  • #393
  • Apr 17, 2008 7:50am Apr 17, 2008 7:50am
Quoting TEB63
1st target taken out

teb

TEB Rules!
Indicators show the past. Price Action "Indicates" the future.
  • #394
  • Apr 17, 2008 4:17pm Apr 17, 2008 4:17pm
I was just wondering about something
... it really doesn't matter to me very much.

I did send an e-mail to ask the site modderater
but he never got back to me

I one time I have the 1KT on my posting but they are not there any more?
They are on my profile. but not on the posting?
Does anyone have any Idea why?

like I said it really doesn't make any diff to me.
other then I like things that make sence?

TEB
  • #395
  • Apr 17, 2008 4:32pm Apr 17, 2008 4:32pm
Quoting TEB63
I was just wondering about something
... it really doesn't matter to me very much.

I did send an e-mail to ask the site modderater
but he never got back to me

I one time I have the 1KT on my posting but they are not there any more?
They are on my profile. but not on the posting?
Does anyone have any Idea why?

like I said it really doesn't make any diff to me.
other then I like things that make sence?

TEB

They did that to every one with 1KT status. I think they want the posting side clean and 1KT as info of one's profile. That's my guess.
Indicators show the past. Price Action "Indicates" the future.
  • #396
  • Apr 17, 2008 4:56pm Apr 17, 2008 4:56pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting jarroo
They did that to every one with 1KT status. I think they want the posting side clean and 1KT as info of one's profile. That's my guess.
it became a bit of a badge and new traders were taking the bagde as an indicator that what the trader said would happen, would happen - 1kt gods and all that. so now it's not on show but it's there still for the 1kt traders section.

in theory it should stop the 'you vouch for me and i'll vouch for you' nonsense as we all look the same in the main arena.
  • #397
  • Apr 17, 2008 4:57pm Apr 17, 2008 4:57pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
should add i even caught one guy pasting it under his name. looked good but his post were crap so he kinda stood out and when i looked at his profile, no one had vouched for him WTF!
  • #398
  • Apr 17, 2008 4:59pm Apr 17, 2008 4:59pm
Quoting MPP
should add i even caught one guy pasting it under his name. looked good but his post were crap so he kinda stood out and when i looked at his profile, no one had vouched for him WTF!
Your kidding. Funny stuff. lol
Indicators show the past. Price Action "Indicates" the future.
  • #399
  • Apr 17, 2008 6:18pm Apr 17, 2008 6:18pm
TEB

Just wondered if you had any losing trades with this system? If no how do you cherry pick?

regards

Red
  • #400
  • Apr 17, 2008 6:59pm Apr 17, 2008 6:59pm
Quoting redart007
TEB

Just wondered if you had any losing trades with this system? If no how do you cherry pick?

regards

Red

you know there are not many.. of coarse there are some.
But I don't know the last time I missed the 1st target.

Where you get into problems is were you cross the trigger by a lot when you enter.
That is the space between the trigger and the 1st Target... is more then 1/2 the distanced to the target.
(sometimes I will take a pass on this trade)

You get the 1st target.. no problem
But then on the second lot the stop loss is a long way back.
(you move the stop loss up to the trigger line )
and the proffit on the 1st lot doesn't cover the stop loss of the 2nd lot.
.
Other then that and news times.. loss are fairly rare
but they do happen

but the down side is you don't trade much either.

Teb
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