World's Simplest System

!!??
Teb:d

UP!
Waiting for a 123 pattern.

My name is Susan William.....Am new at forex and i saw Ur forum at forex factory....And i will glad if u can teach me step by step method i can use to start trading....Here is my Email Address: [email protected]

Why do you need an e-mail? You've already found what you're
looking for.

Susan -

What you are asking for does not exist as far as I know.

If you are new at forex be sure you really understand how it works and the potential risks and rewards before jumping in too far.Also, if new, i would suggest you go to www.babypips.com for some basic information and training about forex trading.

Contrary to what some people promise, it is not an easy way to make money, but is sure is easy to lose it.

All that being said, I find it very exciting and rewarding, BUT there are no shortcuts.

Susan, Information about the market is counterproductive, and will get in the way of your understanding. I know because, the more books I read, and courses I took; the more confused I became. And, as a former college learning specialist, I knew it wasn't supposed to go like that! So, I decided to go to the 'primary source' (the market) and see if I could learn that way. It took me almost 2 years of 16 hour days before I really understood the dynamics of the market energy. I suggest you go back in these posts, and find Teb63's explanation of the strategy and its indicators. Study the screenshots of successful trades. Then on historical data, practice applying the strategy wherever you find clean, easy-to-see moves. Then, when you are comfortable with the process, go to the right of the chart, and practice in real time. Only go live in a live account, when you can, as Teb63 says: 'See the trade coming a mile away.' Insight will come easier if you begin to think of the market as a 'dynamic, constantly moving energy'. It's definitely worth the effort - there is no better self-development program. Enjoy the journey...

10more pips or so and we should slam dunk to the next low

EURJPY - Lovely Break in Momentum - Looking for new highs

Best one I made with WSS.
Adjusted 2nd target to 1,46 to avoid resistence level.
Thanks!

Do you use Trailing Stops or prefer Target Profits ?

Hi!
New set up in eurjpy?

Another one in usdchf?

Why are you using 4 TF?
W & D are ok and then you would look for trigger on 4h, why suddenly 15min?

I took out the post you are speaking of as it is too diff from the thread
if I get time maybe I will post on supply & demand .. the real market mover

but to your question "why down to the 15 min from the day & 4 hour"
just to get a better entery
I often do 4 hour 1 hour & 5 min.


cheers

teb

Hi Teb,

Regarding the post that you removed. Were you looking to buy where there was demand at a bounce of the long term trend line. Then you went to the 15 minute time frame to fine tune your entry. Thanks for any explanation.

Dave

Hi everybody!
For all TEB's followers I just discovered the new TEB's thread here.

Thank you eswap.

Why would he start a new thread and not tell anyone about it?

Maybe his simple trading system for newbies doesn't fit us as we are not newbies anymore?

Hi again eswap,

I have gone through the 3 pages of his new system but something inside me is battling which one to give more weight to.

I think that the WSS is cleaner and neater, but the new system also looks interesting. I know what your reply is most likely going to be "Use the one you feel more comfortable with and the one that yields more pips"..... however I have not yet experienced any profit from any system

Which one will you be focusing on ?

Dan,
As Teb points out, he put that newbie system up because newbies have difficulty letting go of indicators. He gave them a system where they can still use indicators and not have a bad case of withdrawal.

I would stick to the cleaner charts. Just my opinion.
Take care buddy,
Dave