quest for the simplist trading

I want the simplist trading system
I started a few years a go with 30 tools on my chart. - one chart
but Ihave found the less tools & the more charts
the better I find I do

I have been playing around with a idea this week
it is so simply there must be a problem but I don't see it
-I Would like fed back

set -up
charts
a. day,
b. 3 or 4 hour
c. 30min

tools

EMAs 5 and 8 closed
macd 12 26 9

rules
1. day chart
a. look to trade when macd & 5/8 have crossed the same way
b. look to close or not trade when 5/8 crosses the opp. way

2.3-4 hour chart
same rules

3. 30min chart
same rules

that simple
40 pip sl if I cannot be there
becareful around news times

day chart

Blue line is then the 5/8 cross & the macd is moving up
so we can look to trade up only.

move the 3-4 hour chart



the Blue arrows are 5/8 & macd are moving the way
& so they are the same way as the day chart

The "X"s are the 5/8s crossed down
so we stay out of the market
if we had a trade on we would close them

move 30min chart



hands up means the 5/8 & the macd are in agreement on this chart
& so they are on all three charts
hands down means 5/8 crossed against us - we close the trade

that is very simple any thoughts

TEB,

Explore using a price closing above/below the 8 rather than the 5 above/below the 8.

Also, look at the 8 SMA in place of the EMA.

Good luck,

kt

update

I traded just this system today

one change to the morning posting

I am using 5 & 6 ema not 5 & 8ema

I am up over 120 pips on 5 trades for the day- and no loses!!!

i was hoping for more thoughts
but it might be just to simple for most people to use

it does need a lot of just "sit time"

I found!!

LIKE THE ABOVE BUT DIFF
ONE TOOL- DIFF TOOL
2 DIFF EMA

Hi TEB;

Thnx for the ideas! I like the idea of a simple system, and will try this one - but your last post has confused me -

- did you replace the 5 ema with a 2, or are you refering to the two emas (5/6) you are now using, or..? Can you explain more? Thanks!

Look for trading channels (price moving horizontally) with well-defined support and resistance lines. Any pair, any time frame. "Well-defined" meaning an upper and lower boundary that have each been tested twice. When price approaches support, buy. When price approaches resistance, sell. Your target is the other boundary line. The target (channel height) should be at least 3 times your stop. Your stop should be determined using money management relative to your account and taking the spread into the equation. That's the very basics of the strategy.
It's simple but not as easy as it sounds. A friend of mine earns his living using this technique only. His win rate is over 70%. The secret is small profits / multiple lots. If you want more info go to Forex-TSD and search "No Fail Forex".

Hi Teb...

Did u still using this method ??
is it still profitable ??

or u are now using your "TEB63 simple strategy" or the multi time frame ??
what strategy did u use actually ??

thanx

I have actually the same questions as andimozza for Teb63......can you answer as quick as you can please?!

it works great -I think the stochs are better to be honest
I really have not used it for awail


I used it because I really got into divergance- the big D
read some e-books on it & it looked great
and of course MACD & MACD H are the best to see the big D
but if you have the day charts covering your main 4 hour trading charts
you will never get the big D!
so I went back to "my stochs"

the MACD is a lot slower in - like paint drying! but very very high win rate.

I also played with a 4 hour macd & 30 mins stoch & it worked well
the safty of the macd & the spead of the stochs
I think you would need just 2 TF in this system

but I really like just one tool- just me-a personal thin'
I think like all MTF the tools are second to the MTF!!

I hope it works well for you

TEB