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World's Simplest System

  • #741
  • Dec 11, 2008 3:36pm Dec 11, 2008 3:36pm
Quoting eswap0
Hi TEB
your last trade surprised me because I have an alarm in my computer to advise me when the relation PA/EMA is different in the 5m chart and in 1h and 4H, and this never happened in the recent hours...
Thanks again!
eswap, do you think we could program this into an EA?
  • #742
  • Dec 11, 2008 3:51pm Dec 11, 2008 3:51pm
USDJPY on 15min looks good and pierced the 5M chart sniffing for short entries.........
Attached Images
  • #743
  • Dec 11, 2008 5:00pm Dec 11, 2008 5:00pm
did you take the 1st cross the blue fibbs ?
we are about to have the second one the red fibbs

Attached Image (click to enlarge)
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cheers
teb
  • #744
  • Dec 11, 2008 5:26pm Dec 11, 2008 5:26pm
The following 4 pairs are in play with the WSS system
but remember nothing big happens until after 7:00 pm est


Attached Image (click to enlarge)
Click to Enlarge Name: 111.gif Size: 52 KB


cheers
teb
  • #745
  • Dec 11, 2008 8:24pm Dec 11, 2008 8:24pm
Attached Image (click to enlarge)
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teb
  • #746
  • Dec 11, 2008 11:29pm Dec 11, 2008 11:29pm
Quoting TEB63
The following 4 pairs are in play with the WSS system
but remember nothing big happens until after 7:00 pm est


Attachment

cheers
teb
Morning TEB, took the USDJPY but got stopped out at 91.72 Other than that it would have been a VERY good trade.... I'm happy spotting it at least
  • #747
  • Dec 11, 2008 11:37pm Dec 11, 2008 11:37pm
You taking this range trade ? Looks like an easy setup
Attached Image
  • #748
  • Dec 12, 2008 12:11am Dec 12, 2008 12:11am
Quoting TEB63
Attachment
teb
Wow - almost got stopped out for 1 pip I'm lowering stop slightly below the 1.3295 (5 pips below) - took a small 0.05 lot on this one
  • #749
  • Dec 12, 2008 3:09am Dec 12, 2008 3:09am
Hi TEB,

I am still confused with this method. Because sometimes there is a 1,2,3 break based on your rules but it turns out as a false signal. and the trend change totally and does not follow the 1h, 4h trend.

Is there a good way to filter out such bad trades? I have suggested before using 5ema on 4H to determine trend. and you said see the candle of the 4h. Perhaps another indicator at the 15min chart? what do you suggest.

THANKS
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  • #750
  • Dec 12, 2008 6:49am Dec 12, 2008 6:49am
Nice one, just taken 2nd target.
Attached Image (click to enlarge)
Click to Enlarge Name: 2008-12-12_0745.png Size: 92 KB
Trading: the skill of avoiding trades
  • #751
  • Dec 12, 2008 7:00am Dec 12, 2008 7:00am
Attached Image (click to enlarge)
Click to Enlarge Name: 111.gif Size: 35 KB


coming back down & testing
might jump on
but its friday so who knows what will happen

cheers

teb
  • #752
  • Dec 12, 2008 10:21am Dec 12, 2008 10:21am
Got a nice +70Pips on the GBPCHF

Thank you TEB

This is what i'm spotting for the next short entry.......
Attached Image
  • #753
  • Dec 12, 2008 10:31am Dec 12, 2008 10:31am
New setup in progress...
Attached Image (click to enlarge)
Click to Enlarge Name: 2008-12-12_1130.png Size: 73 KB
Trading: the skill of avoiding trades
  • #754
  • Dec 12, 2008 10:41am Dec 12, 2008 10:41am
Quoting eswap0
New setup in progress...
When will you be looking to enter eswap?
  • #755
  • Dec 12, 2008 10:47am Dec 12, 2008 10:47am
Another setup I think it worth taking ........

Entry for me is 1.773
Stop Loss is 1.1810 (just above the round number)
1st Target is 1.1746


PS - What's happening to the GBPJPY ? does it wanna make my weekend or not ?
Attached Images
  • #756
  • Dec 12, 2008 11:04am Dec 12, 2008 11:04am
Quoting danbuttigieg
When will you be looking to enter eswap?
According to 123 break it should have been arround 91.13
Not sure it was a good entry after all...
Trading: the skill of avoiding trades
  • #757
  • Dec 12, 2008 11:05am Dec 12, 2008 11:05am
I'm putting my short entry right below the support key level of 135.00 round number. (Entry for me will be 134.96 to be exact)
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  • #758
  • Dec 12, 2008 11:14am Dec 12, 2008 11:14am
Quoting eswap0
According to 123 break it should have been arround 91.13
Not sure it was a good entry after all...
But we could still enter after the break of the EMA (at around 90.50) for the next low if the PA returns back to break the trendline ?
Attached Image
  • #759
  • Dec 12, 2008 11:15am Dec 12, 2008 11:15am
Quoting danbuttigieg
I'm putting my short entry right below the support key level of 135.00 round number. (Entry for me will be 134.96 to be exact)
Are you putting stop orders, or are you putting alarms to enter @market?
  • #760
  • Dec 12, 2008 11:20am Dec 12, 2008 11:20am
Quoting treuzelen
Are you putting stop orders, or are you putting alarms to enter @market?
Sell Stop Order placed at 134.96

Looks like the GBPJPY is not heading our way after all but has gone in the opposite direction
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