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World's Simplest System

  • #481
  • May 21, 2008 2:15am May 21, 2008 2:15am
Dear TEB
I really like your strategy, I am testing it, I just noticed in high price explosions or movement it fails

I just want to discuss some thoughts:
- When I switch from H1 to H4, do I move to the future?
In fact both are past and present

If we use a strategy that depends on crossing of two moving averages, the cross starts in H1 then H4 as if H4 is the past and H1 is the future

Your strategy assumes that H4 is the future and H1 is the past

Just thoughts to discuss
I want to try to draw a sketch of the future using reading all time frames, is that applicable?
  • #482
  • May 21, 2008 2:17pm May 21, 2008 2:17pm
big battle going on .
must be some big money on the linesome where
on the Eur/Usd
to take the 1.58
9 times out of ten it will fall!!
Its interesting now because of the low vol.

might be so money to be had


TEB
  • #483
  • May 21, 2008 2:53pm May 21, 2008 2:53pm
it broke the line in the sand at 88-89
lets see what happens?

teb
  • #484
  • May 26, 2008 5:18am May 26, 2008 5:18am
Buying eur/usd @ 1.5747 target 1.5847 LS 1.5710
TEB
  • #485
  • May 26, 2008 5:23am May 26, 2008 5:23am
Quoting TEB63
Buying eur/usd @ 1.5747 target 1.5847 LS 1.5710
TEB
wonder if it manage to break 1,5800
StopLoss is for none belivers... Trust the Gurus..
  • #486
  • Edited May 27, 2008 5:48am May 26, 2008 7:44pm | Edited May 27, 2008 5:48am
Quoting lillelise
wonder if it manage to break 1,5800
1st target got
moving up stop loss
& taking 1/2 in proffits - 50pips

teb

Taken out at 1.5775
TEb
  • #487
  • Edited 5:58am May 27, 2008 5:48am | Edited 5:58am
Eur/usd Buy at 1.5749
big tail an the 15 min chart which is also a double bottom
Which is out of possition to the 1 & 4 (3hour ) charts

TEB
  • #488
  • May 27, 2008 5:52am May 27, 2008 5:52am
cable 1.9777 is a buy ( 2 pips over )
is a 1.2.3 on the 15 min chart
Teb
  • #489
  • May 27, 2008 7:30am May 27, 2008 7:30am
missed the best mover of the morning aud/usd
TEB
  • #490
  • May 28, 2008 9:34am May 28, 2008 9:34am
EurUsd and GbpUsd should have been a great trade on 4H.
  • #491
  • Jun 1, 2008 7:08am Jun 1, 2008 7:08am
Attached Image (click to enlarge)
Click to Enlarge Name: eur5gif.gif Size: 14 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eur6gif.gif Size: 17 KB


Teb:d
  • #492
  • Jun 2, 2008 8:02am Jun 2, 2008 8:02am
Attached Image (click to enlarge)
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Teb:d
  • #493
  • Jun 2, 2008 11:41am Jun 2, 2008 11:41am
Attached Image (click to enlarge)
Click to Enlarge Name: b4.gif Size: 23 KB


Close the 2nd 1/2
Thats it for me

TEB
  • #494
  • Jun 2, 2008 8:28pm Jun 2, 2008 8:28pm
Attached Image (click to enlarge)
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teb
  • #495
  • Jun 3, 2008 4:42am Jun 3, 2008 4:42am
Attached Image (click to enlarge)
Click to Enlarge Name: k1.gif Size: 23 KB


Usd/Chf, Aud/Usd also have trades on

and the pound, usd/cad are setting up

TEB
  • #496
  • Jun 6, 2008 11:58am Jun 6, 2008 11:58am
Hi Teb63,

Want to thank you for your simple system.

As you can see from the demo trades this week it works extremely well.

Looking forward to trading this for real next week.

Keep up the good work,

Cheers Doubletop
Attached Image (click to enlarge)
Click to Enlarge Name: demo_account.GIF Size: 62 KB
  • #497
  • Jun 6, 2008 12:28pm Jun 6, 2008 12:28pm
Quoting doubletop
Hi Teb63,

Want to thank you for your simple system.

As you can see from the demo trades this week it works extremely well.

Looking forward to trading this for real next week.

Keep up the good work,

Cheers Doubletop

Hi Doubletop

That is great
what T/F where you using?
& how were you exiting?
It easier on the higher time fames,
if you where let pips run a little.

From TEB63 ( just so there is no confusion)
  • #498
  • Jun 6, 2008 3:04pm Jun 6, 2008 3:04pm
Hi Teb63,

Thanks for your reply, much appreciated.

The T/Frames I am using are: Weekly... Daily... and Four hourly.
Main reason being I dont want to sit around all day monitoring my trades.

Interestingly enough I have noticed a strong price rejection on the daily chart often offers a good entry on the four hourly timeframe.

Exits are plotted using your moded fib tool, I usualy settle for an exit at the T1 level, but have noticed a few of the pairs this week went well on their way to the T2 targets.

The pairs I concentrate on are the majors only.

I must say this is the easiest most relaxing style of trading I have had the pleasure of trading, its a real breeze especially after an identifiable 123 correction.

All the best,

Take care,

Doubletop.
  • #499
  • Jun 6, 2008 3:54pm Jun 6, 2008 3:54pm
Quoting doubletop
Hi Teb63,

Thanks for your reply, much appreciated.

The T/Frames I am using are: Weekly... Daily... and Four hourly.
Main reason being I dont want to sit around all day monitoring my trades.

Interestingly enough I have noticed a strong price rejection on the daily chart often offers a good entry on the four hourly timeframe.

Exits are plotted using your moded fib tool, I usualy settle for an exit at the T1 level, but have noticed a few of the pairs this week went well on their way to the T2 targets.

The pairs I concentrate on are the majors only.

I must say this is the easiest most relaxing style of trading I have had the pleasure of trading, its a real breeze especially after an identifiable 123 correction.

All the best,

Take care,

Doubletop.

Yes ... I agree good going ..


TEB( just to solve any confusion I am on a laptop now)
  • #500
  • Jun 8, 2008 5:50pm Jun 8, 2008 5:50pm
Hi,

I don't know the language sql to program.
On one another thread I have found a global indicator. An example is attached.

It would be nice to take the idea.

A dashbord with all currency pairs with different timeframes.
A green point would be when the trend of the price is above the MM200 in one timeframe.
A red point would be when the trend of the price is beneath the MM200.

Why not a signal when the trend is different between the 4H, the daily and the weekly.
The same for the 1H, the 4h, the daily and the weekly.

Thank you very much for your answers and your research!
Attached Image (click to enlarge)
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