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The simple stupid system

  • #281
  • Aug 18, 2008 1:54am Aug 18, 2008 1:54am
Thank you johnedoe but i still can't figure out how it works.. I want to know what the eastern time that this system should be traded in. so 6-7 gmt and 17-18 gmt New york or washington dc time..? thanks for your help once again.
  • #282
  • Aug 18, 2008 2:50am Aug 18, 2008 2:50am
07:00 - 18:00 GMT time so 3am to 1pm eaestern time.
  • #283
  • Aug 18, 2008 4:58am Aug 18, 2008 4:58am
Quoting Peacelover
Is someone still using this system?? Why is thread dead??
Peace
Hi peacelover
This thread is still alive - I think most of them are very busy of making pips. they will be back when they are free.

Pete
  • #284
  • Aug 18, 2008 8:30am Aug 18, 2008 8:30am
Quoting Bradev
Thanks Wahnone for the indy. Here is a chart that I wanted to share with you just for fun. Crazy spikes on the swissy and on the third one, I jumped in long at 1.0893 and in a split second took me for a ride up 40 pips. Crazy eh.
Are you still trading on 1hr chart? And what pairs do you trade?
  • #285
  • Edited 9:40am Aug 18, 2008 9:27am | Edited 9:40am
Quoting pete.alfa
Hi peacelover
This thread is still alive - I think most of them are very busy of making pips. they will be back when they are free.

Pete
You're kidding of course? Most got burned on all the false break-outs which is the weakness of MA strategies on a non-trending market. Most are other places still searching for the 'Holy Grail'.
  • #286
  • Aug 18, 2008 10:15am Aug 18, 2008 10:15am
Quoting Flamenco143
You're kidding of course? Most got burned on all the false break-outs which is the weakness of MA strategies on a non-trending market. Most are other places still searching for the 'Holy Grail'.
I nearly fell down from my tree laughing.
  • #287
  • Aug 18, 2008 2:11pm Aug 18, 2008 2:11pm
wonder if whanone would second that...dunno...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #288
  • Aug 18, 2008 2:21pm Aug 18, 2008 2:21pm
Keep it simple stupid! I love it. Will try this week.

J
{Promotion Removed}
  • #289
  • Aug 18, 2008 2:27pm Aug 18, 2008 2:27pm
try out another system

20 and 40 SMA
and 100 and 200SMA as a confirmation of 20 and 40 trade signals
lol
  • #290
  • Aug 18, 2008 2:28pm Aug 18, 2008 2:28pm
Hi all new here , I have a small account and this seems to be very simple so will give it a few weeks to try.
  • #291
  • Aug 18, 2008 2:34pm Aug 18, 2008 2:34pm
Quoting Wahnone
Are you still trading on 1hr chart? And what pairs do you trade?
I mostly trade the eurusd and the gbpusd. I feel agressive I will trade on the eurjpy. With this srtategy, I am trading the 15 min charts and on the eurusd the 5 min charts. I dropped the Dstoch though and added amulti time frame stoch which seems to be working well. Iff it continues to produce good results I will post the indy. In the chart, the first trade I went long for 30 pips. As you can see, with the stochs all pointing in the same way, I'm inclined to get in before the MAs turn andthe QQE as long as the CCI is in agreement. I went short at 31 (all three stochs on the indy were pointing down). This seems to be a good trade. Am still in it right now but will prob close in a bit.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 14 KB
  • #292
  • Aug 18, 2008 2:36pm Aug 18, 2008 2:36pm
Quoting lossa
try out another system

20 and 40 SMA
and 100 and 200SMA as a confirmation of 20 and 40 trade signals
Sounds like a simple system, maybe you should start your own thread and get some support to enhance your system.
  • #293
  • Aug 18, 2008 2:58pm Aug 18, 2008 2:58pm
Quoting lossa
try out another system

20 and 40 SMA
and 100 and 200SMA as a confirmation of 20 and 40 trade signals

What time frame and what setting. what are the tp and SL??????
  • #294
  • Aug 18, 2008 3:35pm Aug 18, 2008 3:35pm
Quoting Bradev
07:00 - 18:00 GMT time so 3am to 1pm eaestern time.
Thank you so much for your help. I'm still little bit confused here. I took a few trades following the system and i closed all of them around 15-20 pips profit. Today i took a trade following the system and it was a loss. Can someone please tell me if i did anything wrong? I took a long and it went against me going back down. Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 25 KB
  • #295
  • Aug 18, 2008 3:43pm Aug 18, 2008 3:43pm
Quoting Forextrader4
Thank you so much for your help. I'm still little bit confused here. I took a few trades following the system and i closed all of them around 15-20 pips profit. Today i took a trade following the system and it was a loss. Can someone please tell me if i did anything wrong? I took a long and it went against me going back down. Thanks in advance.
Show on your chart where you got in and out. I wil take a look and see if I can help.
  • #296
  • Aug 18, 2008 3:47pm Aug 18, 2008 3:47pm
I have been tracking the cross of these two ema's since 8/12/08-343 pips.8/13/08-324 pips.8/14/08-339 pips.8/15/08-246 pips.8/17-8/18-combined 338 pips.everytime the 5/8 cross on the 5 min chart,also using the 13 ema (per bill williams alligator) and the rsi oscillator with good results!!!
  • #297
  • Aug 18, 2008 3:49pm Aug 18, 2008 3:49pm
Quoting Bradev
I mostly trade the eurusd and the gbpusd. I feel agressive I will trade on the eurjpy. With this srtategy, I am trading the 15 min charts and on the eurusd the 5 min charts. I dropped the Dstoch though and added amulti time frame stoch which seems to be working well. Iff it continues to produce good results I will post the indy. In the chart, the first trade I went long for 30 pips. As you can see, with the stochs all pointing in the same way, I'm inclined to get in before the MAs turn andthe QQE as long as the CCI is in agreement. I went short at 31 (all three stochs on the indy were pointing down). This seems to be a good trade. Am still in it right now but will prob close in a bit.
Bradev, your MTF stochs indicator looks interesting, would you be kind enough to post it so I can test it on other currency pairs?

Thanks
Andy
  • #298
  • Aug 18, 2008 3:51pm Aug 18, 2008 3:51pm
Quoting monikroc
I have been tracking the cross of these two ema's since 8/12/08-343 pips.8/13/08-324 pips.8/14/08-339 pips.8/15/08-246 pips.8/17-8/18-combined 338 pips.everytime the 5/8 cross on the 5 min chart,also using the 13 ema (per bill williams alligator) and the rsi oscillator with good results!!!
Very good results! Can you post some charts to further elaborate what you are doing? Thanks
  • #299
  • Aug 18, 2008 3:56pm Aug 18, 2008 3:56pm
I am not a chart poster but if you go to the 5 min chart on your platform,take a look.I use forex.com as my broker,thanxs.
  • #300
  • Edited 4:11pm Aug 18, 2008 3:56pm | Edited 4:11pm
Quoting Andy B
Bradev, your MTF stochs indicator looks interesting, would you be kind enough to post it so I can test it on other currency pairs?

Thanks
Andy
I am a little hesitant at this time to post it just because while it may show you one direction on all three lines (3 TFs) until all TFs close their respective times, it will continue to move and will give you a lot of false signals. If you really want it pm me your email address and I will give it to you but with this disclaimer. Back testing will do you no good with this indy. Only forward test and watch the lines as the market moves. This indy requires a lot of practice and maybe even a little feel just because of all the movement.
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