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World's Simplest System

  • #601
  • Dec 1, 2008 8:38pm Dec 1, 2008 8:38pm
Attached Image (click to enlarge)
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might be worth watching

teb
  • #602
  • Dec 2, 2008 1:58am Dec 2, 2008 1:58am
I am afraid this time eurusd M5 was stopped...
Trading: the skill of avoiding trades
  • #603
  • Dec 2, 2008 4:05am Dec 2, 2008 4:05am
Thanks for the thread TEB!
  • #604
  • Dec 2, 2008 4:18am Dec 2, 2008 4:18am
Quoting eswap0
I am afraid this time eurusd M5 was stopped...

when you are that close to a "00" or "50" on t he charts
place your stop on the otherside of it.
This is esp. true of the euro!!
I did 54 & I got the 1st target

Attached Image (click to enlarge)
Click to Enlarge Name: gg.gif Size: 43 KB


I only took these two trades
the eurjpy would also got both targets


cheers

teb
  • #605
  • Dec 2, 2008 6:39am Dec 2, 2008 6:39am
Quoting TEB63
when you are that close to a "00" or "50" on t he charts
place your stop on the otherside of it.
This is esp. true of the euro!!
I did 54 & I got the 1st target

Attachment

I only took these two trades
the eurjpy would also got both targets


cheers

teb
Thanks TEB63!
I always remember these tricks...
PS: What do this red squares mean in your chart?
-----------------------------------
Edited: sorry, I see these are the targets.
Trading: the skill of avoiding trades
  • #606
  • Dec 2, 2008 7:23am Dec 2, 2008 7:23am
Quoting eswap0
Thanks TEB63!
I always remember these tricks...
PS: What do this red squares mean in your chart?
-----------------------------------
Edited: sorry, I see these are the targets.

key area entery & targets

Cheers

teb
  • #607
  • Dec 2, 2008 10:39am Dec 2, 2008 10:39am
New setup.
200% by the moment...
Attached Image (click to enlarge)
Click to Enlarge Name: 2008-12-02_1137.png Size: 62 KB
Trading: the skill of avoiding trades
  • #608
  • Dec 2, 2008 10:43am Dec 2, 2008 10:43am
Hi!
TEB63, would you trade this pattern?
It was today's 5m eurusd.
Thank you!
Attached Image
Trading: the skill of avoiding trades
  • #609
  • Dec 2, 2008 10:58am Dec 2, 2008 10:58am
This was also nice in 5m eurgbp.
;-)
Attached Image (click to enlarge)
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Trading: the skill of avoiding trades
  • #610
  • Dec 2, 2008 11:53am Dec 2, 2008 11:53am
Hi TEB63!
Sorry for asking so much

Would you enter this trade with the Pivot Point so close?: it seems it wouldn't allow PA to go down...
Thanks!
Attached Image
Trading: the skill of avoiding trades
  • #611
  • Dec 2, 2008 1:02pm Dec 2, 2008 1:02pm
Price above 200ma on M5 and below on higher timeframes....comments?
Cheers
CanuckCT
Attached Image
  • #612
  • Dec 2, 2008 1:11pm Dec 2, 2008 1:11pm
It looks like PP didn't affected too much
300% on eurjpy.
Attached Image
Trading: the skill of avoiding trades
  • #613
  • Dec 2, 2008 1:12pm Dec 2, 2008 1:12pm
Quoting CanuckCT
Price above 200ma on M5 and below on higher timeframes....comments?
Cheers
CanuckCT
CanuckCT, I've got the same marked up on my chart.
Price also retraced up to a 50 fib (1.2767) drawn from the swing high of 1.2957 to the low of 1.2562. It's now re-continuing it's journey down, in line with higher TFs.

Rob
  • #614
  • Dec 2, 2008 4:49pm Dec 2, 2008 4:49pm
We have a very strong bottom and a strong down trend !!
let's see what happens!!


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TEB
  • #615
  • Dec 2, 2008 5:37pm Dec 2, 2008 5:37pm
euro

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teb
  • #616
  • Dec 2, 2008 8:13pm Dec 2, 2008 8:13pm
Hi TEB,

how did you choose your last bottom and top? It is not 123 break, is it?

and


if 15min and 1h charts are let say UP, and 4h is down, can I trade the 4h UP?


Thanks
Kris
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  • #617
  • Dec 2, 2008 8:23pm Dec 2, 2008 8:23pm
Quoting kris
Hi TEB,

how did you choose your last bottom and top? It is not 123 break, is it?

and


if 15min and 1h charts are let say UP, and 4h is down, can I trade the 4h UP?


Thanks
Kris
Hour is down right
Its the two pen bars

but I will look for a 1.2.3 break

cheers

teb
  • #618
  • Dec 3, 2008 3:25am Dec 3, 2008 3:25am
Attached Image (click to enlarge)
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1st target!!

teb
  • #619
  • Dec 3, 2008 9:33am Dec 3, 2008 9:33am
Hi TEB63!
I am actually testing your system with eurusd, eurgbp and eurjpy: it works nice!
Which others pairs have you already tried?
As with WSS you don't have many signals per day, why not looking at say 10 different pairs at the same time (with right setups of course)?
Have you tried other products: GC, ES, YM, CL etc?
Trading: the skill of avoiding trades
  • #620
  • Dec 3, 2008 10:04am Dec 3, 2008 10:04am
Hi, This weekend's setups got me over 100%. So, I'm not concerned with the 'many' - just the 'few good ones'. Besides, then I have time for a life... Thanks Teb63!
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