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World's Simplest System

  • #401
  • Apr 17, 2008 7:01pm Apr 17, 2008 7:01pm
Quoting MPP
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.
but was that not the Idea was that people knew the traders that had made a 1000 trades?

teb
  • #402
  • Apr 17, 2008 7:02pm Apr 17, 2008 7:02pm
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.
thanks

teb
  • #403
  • Apr 18, 2008 1:57am Apr 18, 2008 1:57am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting TEB63
but was that not the Idea was that people knew the traders that had made a 1000 trades?

teb
it was and still is ment to identify the traders with 1000 trades under there belt - but you had those that abuse the system by asking to be vouched for and giving it the i'll vouch for you business, so in the end the meaning became diluted, by putting it in the background i hope that this you/me business will slow down and poeple can then vouch for traders they think are of the right material.

What was forgotten is the reason for starting it in the first place - experienced traders can discuss in the trading room with other experienced traders - that way the newbies would have some idea that the info was from an experienced source and not someone who had only been in the game 4weeks and thought they new it all.

personnally i don't see mch changing as we all have our favourite threads and they can't be moved so why would we, occasionally i might drop by to see whats going on, but on the whole in the hallway with the rest of you.
  • #404
  • Apr 18, 2008 5:27am Apr 18, 2008 5:27am
Attached Image (click to enlarge)
Click to Enlarge Name: mm.gif Size: 25 KB


2nd target taken out
(I let it go to 205.48 a little more then the target)
for just over 460 pips

it likely will keep going up and hit the channal top
but its friday well into the day in London

thats it for me

Teb
  • #405
  • Apr 18, 2008 7:56am Apr 18, 2008 7:56am
TEB,

IS this trade with a new set out rules? As Daily and Weekly are down so going against the trend?

regards

Red


Quoting TEB63
Attachment

2nd target taken out
(I let it go to 205.48 a little more then the target)
for just over 460 pips

it likely will keep going up and hit the channal top
but its friday well into the day in London

thats it for me

Teb
  • #406
  • Apr 18, 2008 8:31am Apr 18, 2008 8:31am
Attached Image (click to enlarge)
Click to Enlarge Name: mm1.gif Size: 26 KB


well that is a bit of a pain!!
I thought it would get to the top.
just not today... oh well
can not be greedy

TEB
  • #407
  • Apr 18, 2008 8:34am Apr 18, 2008 8:34am
Quoting redart007
TEB,

IS this trade with a new set out rules? As Daily and Weekly are down so going against the trend?

regards

Red
well yes and no.
I have said the heart of the system is not the 200ema
rather its the 1.2.3. set up

I believe the 200ema is the best tool
but the strongest pattern is the 4 hour channel

so if I see a 1.2.3 set-up in a 4 hour channel I love it

I hope that helps

maybe I should call it WSS-2

TEB
  • #408
  • Apr 18, 2008 11:13am Apr 18, 2008 11:13am
I'm new to MT4 and just new period. Question: what does 1.2.3 mean, the 3 TFs?
Also, what is PA?

I have enjoyed browsing the thread because a 200EMA looks simple but then channels and Fibs got thrown in so I'm a little lost. I will spend the weekend rereading but still need the 2 questions answered. Thanks all.
  • #409
  • Apr 18, 2008 11:44am Apr 18, 2008 11:44am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting piprac
I'm new to MT4 and just new period. Question: what does 1.2.3 mean, the 3 TFs?
Also, what is PA?

I have enjoyed browsing the thread because a 200EMA looks simple but then channels and Fibs got thrown in so I'm a little lost. I will spend the weekend rereading but still need the 2 questions answered. Thanks all.
it's 2 different systems, the 200ema is a system where by you look for 2 charts with price on one side of the 200 and then look at the third and price is below, you then play the break of the 200 back into the trend.

the 123 is another system (they both work in conjunction very well) where by the

we play the high to low and bounce from the 50% fib area and enter at the trigger point.

this is just a quick guide but i hope this will help you break the system down.
  • #410
  • Edited 12:52pm Apr 18, 2008 12:50pm | Edited 12:52pm
TF = Time Frames, so 3 TF is talking about 3 time frames, say weekly, daily and 4hrs

and as below for 123

Quoting MPP
it's 2 different systems, the 200ema is a system where by you look for 2 charts with price on one side of the 200 and then look at the third and price is below, you then play the break of the 200 back into the trend.

the 123 is another system (they both work in conjunction very well) where by the

we play the high to low and bounce from the 50% fib area and enter at the trigger point.

this is just a quick guide but i hope this will help you break the system down.
  • #411
  • Apr 18, 2008 1:22pm Apr 18, 2008 1:22pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting redart007
TF = Time Frames, so 3 TF is talking about 3 time frames, say weekly, daily and 4hrs

and as below for 123
yes to 3 TF, any three will do, but these are the better ones for me as i prefer to trade the higher TF.

there are plenty of charts which TEB has shown the 123 on, not to many post back either. i know it's hard to do but it pays to read and when you come accross something of interest, make a note of the post number (i need to follow this advise, so i can point people to the correct page) and a few details to remind you, it's not hard on this thread as TEB quite often shows the 123 on his charts for the new members - he has a great attitude to new poeple, so hang around for a while

also you should consider this en education facility, it takes more than a week to understand (forex - not this method), so keep taking the classes - think of it as a 2 year degree.

best of pips

MPP
  • #412
  • Apr 18, 2008 1:27pm Apr 18, 2008 1:27pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
here's one to watch
GBP/CHF
price is below weekly and daily 200, but above on the 4h, 123 setup not there yet, but i think the yeld will be good on this one.
  • #413
  • Apr 18, 2008 3:01pm Apr 18, 2008 3:01pm
Quoting piprac
I'm new to MT4 and just new period. Question: what does 1.2.3 mean, the 3 TFs?
Also, what is PA?

I have enjoyed browsing the thread because a 200EMA looks simple but then channels and Fibs got thrown in so I'm a little lost. I will spend the weekend rereading but still need the 2 questions answered. Thanks all.

I really don't use fibbs... all the lines mean diff things

here is the 1.2.3

Attached Image (click to enlarge)
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TEB
  • #414
  • Apr 18, 2008 5:14pm Apr 18, 2008 5:14pm
I missed this one...

Attached Image (click to enlarge)
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Teb
  • #415
  • Apr 19, 2008 12:33am Apr 19, 2008 12:33am
Quoting MPP
here's one to watch
GBP/CHF
price is below weekly and daily 200, but above on the 4h, 123 setup not there yet, but i think the yeld will be good on this one.
very right, yes............just sell everytime it goes up higher......................
  • #416
  • Apr 19, 2008 1:15am Apr 19, 2008 1:15am
Quoting MPP


we play the high to low and bounce from the 50% fib area and enter at the trigger point.

is there too much risk if i were to place my SL below the 50% (or 75% if it bounces off there) since if price were to go beyond 50% (or 75%), then the 1-2-3-4 has failed and price would likely to go all the way back to 100% ?
  • #417
  • Apr 19, 2008 6:35am Apr 19, 2008 6:35am
Quoting findcount
is there too much risk if i were to place my SL below the 50% (or 75% if it bounces off there) since if price were to go beyond 50% (or 75%), then the 1-2-3-4 has failed and price would likely to go all the way back to 100% ?
That is good thinking but I would not ...but you can.
I have seen it many times go down and test the 3 point on the 1.2.3
(some times you have a tail test this area but body holds to the 3 point)

You can place it 2 pips below (or above in a down trend)
1. The the 3 point
2. A very strong S/R
3. A round number ie 50 or 100

- the 50% holds a lot, but price seems to stop around it not right at it.
aften you see a tail go below the 50% but the body remains above.
that is why I would not use it

TEB
  • #418
  • Apr 19, 2008 9:55am Apr 19, 2008 9:55am
Quoting TEB63
That is good thinking but I would not ...but you can.
I have seen it many times go down and test the 3 point on the 1.2.3
(some times you have a tail test this area but body holds to the 3 point)

You can place it 2 pips below (or above in a down trend)
1. The the 3 point
2. A very strong S/R
3. A round number ie 50 or 100

- the 50% holds a lot, but price seems to stop around it not right at it.
aften you see a tail go below the 50% but the body remains above.
that is why I would not use it

TEB
many thanks for your valuable advice and indeed it would be a shame to be stopped out by the long tail................

best is to have the SL beyond support turned resistance and vice versa.........
  • #419
  • Apr 19, 2008 9:04pm Apr 19, 2008 9:04pm
Attached Image (click to enlarge)
Click to Enlarge Name: kk.gif Size: 29 KB


I have been doing a lot of 15min trading this week
I have been watching the 800 ema & the 3200 ema
for angle and separation and I have found it quite helpful.
its not a new Idea at all of coarse .

Here it looks like a 1.2.3 set-up is coming

but the 800ema & 3200ema are flat
so it may be a trade to not take.

just something I am looking at

teb
  • #420
  • Apr 19, 2008 11:30pm Apr 19, 2008 11:30pm
Quoting TEB63
Attachment

I have been doing a lot of 15min trading this week
I have been watching the 800 ema & the 3200 ema
for angle and separation and I have found it quite helpful.
its not a new Idea at all of coarse .

Here it looks like a 1.2.3 set-up is coming

but the 800ema & 3200ema are flat
so it may be a trade to not take.

just something I am looking at

teb
Hi TEB,

When you say that you are watching the 800 ema & the 3200 ema
for angle and separation ...what exactly are you looking for in them?

Thanks,
Rob
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