World's Simplest System | Page 24 | 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

  • #461
  • May 15, 2008 4:13am May 15, 2008 4:13am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
GbpChf
200ema
weekly below
daily below
4h above

123 can be seen on daily and 4h, 50% retracement almost spot on, will watch for the break of the 200ema and the trigger point 2.0340
  • #462
  • May 15, 2008 9:46am May 15, 2008 9:46am
Hi MPP
Great entry.
Could you please explain your decision behind the trigger at 2.0340? Is this the last high before the 200 EMA?

Thank you

frank



Quoting MPP
GbpChf
200ema
weekly below
daily below
4h above

123 can be seen on daily and 4h, 50% retracement almost spot on, will watch for the break of the 200ema and the trigger point 2.0340
  • #463
  • May 15, 2008 10:14am May 15, 2008 10:14am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting milan47
Hi MPP
Great entry.
Could you please explain your decision behind the trigger at 2.0340? Is this the last high before the 200 EMA?

Thank you

frank
Hi Frank
Sorry, the trigger is 2.0240, the low of the wave that first broke the 200 on the 9th may. it's a long way off so i'm not sure if TEB will class it a valid - i'm still learning.

MPP

EDIT: it also puts the stop a long way off.
  • #464
  • May 15, 2008 11:21am May 15, 2008 11:21am
Thank you.
I think I must have misunderstood TEB's safe entry. He mentioned the entry as the first high after the 200 ema cross. The S/L is pretty far as well. I don't think I am getting it. Got to read the whole thread from the start. I do appreciate your help.
Attached Image
  • #465
  • May 15, 2008 2:15pm May 15, 2008 2:15pm
Read the First Few Pages- The chart you posted would be a short entry - not long...

Quoting milan47
Thank you.
I think I must have misunderstood TEB's safe entry. He mentioned the entry as the first high after the 200 ema cross. The S/L is pretty far as well. I don't think I am getting it. Got to read the whole thread from the start. I do appreciate your help.
  • #466
  • May 15, 2008 3:24pm May 15, 2008 3:24pm
Quoting redart007
Read the First Few Pages- The chart you posted would be a short entry - not long...
This is pretty embarassing. Thank you...
  • #467
  • May 18, 2008 8:47pm May 18, 2008 8:47pm
Attached Image (click to enlarge)
Click to Enlarge Name: cable1.gif Size: 20 KB

cable 1 hour

closed all eur At 1.560

TEB
  • #468
  • May 19, 2008 9:38am May 19, 2008 9:38am
1st target taken out

Attached Image (click to enlarge)
Click to Enlarge Name: cable2.gif Size: 21 KB


TEB
  • #469
  • May 19, 2008 9:50am May 19, 2008 9:50am
Attached Image (click to enlarge)
Click to Enlarge Name: eur1.gif Size: 23 KB

Eur/usd hour chart

great channel!!

TEB
  • #470
  • May 19, 2008 11:02am May 19, 2008 11:02am
Attached Image (click to enlarge)
Click to Enlarge Name: eur2.gif Size: 23 KB


I like the tail

TEB
  • #471
  • May 19, 2008 11:06am May 19, 2008 11:06am
closing the other 1/2 of the cable trade 50 pips

teb
  • #472
  • May 19, 2008 11:12am May 19, 2008 11:12am
Quoting TEB63
closing the other 1/2 of the cable trade 50 pips

teb

Curious as to why... Thanks.
  • #473
  • May 19, 2008 4:56pm May 19, 2008 4:56pm
Quoting LePip
Curious as to why... Thanks.

The hour of the day
and I believe the Eur/Usd pair is going up.
I believe we are going to see the two pairs come more into unity.
and 50pips is not bad

teb
  • #474
  • May 19, 2008 7:53pm May 19, 2008 7:53pm
Attached Image (click to enlarge)
Click to Enlarge Name: eur3gif.gif Size: 21 KB


Huuummm And other big tail?
Where could the eur/usd
Be going?

TEB
  • #475
  • May 19, 2008 11:30pm May 19, 2008 11:30pm
Quoting TEB63
Attachment

Huuummm And other big tail?
Where could the eur/usd
Be going?

TEB
Hi TEB,

Nice trade on the Euro

I believe it has recommenced it's long term upward trend.

Rob
  • #476
  • May 20, 2008 4:36am May 20, 2008 4:36am
Attached Image (click to enlarge)
Click to Enlarge Name: eur4gif.gif Size: 20 KB

I was taken out at the top of the channel last night
which was alo the 1.5650 50 is a key piont of coarse


TEB
  • #477
  • May 20, 2008 5:32pm May 20, 2008 5:32pm
Dear Teb

I tried your system, it is really simple
But the price does not go directly to the target
All times, it goes to the opposite direction and then after hours it goes the target

Did I miss something, what do you suggest

Do you think the price must go to break EMA200 because the price the is in the opposite side ofhigher TF
  • #478
  • May 20, 2008 5:50pm May 20, 2008 5:50pm
Quoting maptoprofit
Dear Teb

I tried your system, it is really simple
But the price does not go directly to the target
All times, it goes to the opposite direction and then after hours it goes the target

Did I miss something, what do you suggest

Do you think the price must go to break EMA200 because the price the is in the opposite side ofhigher TF
that is 4X
you will see in an up trend higher hight & higher lows ( in a down the opp)
but it is moving in the way we want
the higher the time frames the more you see this

cheers

TEB
  • #479
  • May 20, 2008 9:11pm May 20, 2008 9:11pm
Thank you TEB for your reply
Do you think if we replaced EMA200 with the pivot will lead to the same idea, but with better probability

By the way, I noticed that more than 90% the price goes to break EMA 200
That' really amazing behavior

Best wishes
  • #480
  • May 20, 2008 10:17pm May 20, 2008 10:17pm
Quoting maptoprofit
Thank you TEB for your reply
Do you think if we replaced EMA200 with the pivot will lead to the same idea, but with better probability

By the way, I noticed that more than 90% the price goes to break EMA 200
That' really amazing behavior

Best wishes
I am not sure if I really understand what you are asking,
But in fact I do the 1.2.3 system
which is the pivot,
I really want price to break the pivot on the wrong side of the 200
& will smash through esp. onthe 4 hour.

TEB
1 trader viewing now