Keep it Simple Stupid (KISS) Method

Hi all,

Glad this thread seems to be of use to some people!

With regards to hindsight trades - if you pay close attention to example 3, 4 and 5, they were taken from LIVE TRADE screenshots!

pic 3 was the point where I would have entered the trade. Pic 4 was confirmation, and pic 5 was where I would have exited. My stop loss would have been 5-10 pips below the last candle showing of the graph. The final pic shows that there was 10-15 pip profit on that particular trade.

You are absolutely right that a double top COULD have formed, but this are SHORT TERMS trades. If the price had gone the wrong way, then I would have been out very early.

I chose that candle because it was a doji on a bollinger band (and I have seen this turn into a reversal quite a few times).

Again, like any system this is not perfect, but just by scanning a chart you can see where to expect the moves.

I've added another chart to show potential trades as they happened, and also indicating the stop loss


As for a template, not sure I can give a template with no indicators!!!!

The bollinger band is the standard default (it is there as a guide - NOT ESSENTIAL)!

The only way I can suggest to test this method is simply open ANY chart on a 1min (so you can see this happen in a short timeframe) and using just the default bollinger band, spot a turn occur - trust me they ARE obvious? If they aren't obvious they aren't trades!!

Hope this helps

That down spike and a up turn in 1 min was likely stop hitting, at the moment the market is doing that, give it a few weeks and what looks like a stop hit will follow through to trap the people trading off that, then they'll flip it again

Yep, my systems got A LOT of lines, I keep trying to simplify it but they I miss trades so getting my self used to them, the thicker the higher the odds of a turn though



your likely better off just putting a 3ema ( use as the price ), 5sma and 13sma on your chart, when you think your current systems got a signal AND the 3ema crosses over the 5sma trade it, exit when the 3 passes back under the 5.

One main question : do you trade it live ?

In your different posts you use the word "would"... For me this is dream trading. Not trading.

I trade live with a simple 50SMA + fractal strategy and when i say live, it is live. I do not put potential trade (or just to show that i missed them) but real live trade where money is/was on the balance.

I trade very similar setups Live with great success different indicator setup but same market, 23 wins 0 losses with that setup.

Find something small and repeatable, focus on it and perfect it.

Trust me trying to beat the entire market and take every setup is wayyy more trouble than it's worth

Fair enough Melpheos - clearly you are having difficulty with me for some reason over this system. Clearly it is not for you and I wish you well in your trading.

As for "dream trading", today I didn't trade no - I was trying to pass on my thoughts to others if it would help them!

I have traded this live - it has worked for me.

I raised it to highlight the fact that indicators are not VITAL to a trading strategy. K.I.S.S - the clue is in the title!!!

There are thousands of strategies that use lots and lots of indicators. This is for people who want to look for opportunities with the minimum of information.

As far as I can tell my strategy is similar to TurveyD - but I have arrived there at a different angle - there is always a different way of doing things.!!!

I'm not saying I'm going to be 100% profitable, but I only trade when I think an obvious change in direction has occured!

If it doesn't suit your trading style fine good luck to you - this method suits me

Never found a indicator which means anything to me and I've studied them all, is this me or are they really just wastes of time and your better off looking at the price chart.

My SMA's work uncanningly well though and so do BB's but thats it literally.

OK people,

Not bad for a first day of a thread!! Lot of helpful comments. Just an update on the last attachment I posted - I stated 2 potential trades and Turveyd rightly pointed out that the second could have been a retracement. Not only do I agree with him on that, but it did indeed turn!

I could argue that my first potential trade was the one I was focussing on and the second was the end (which was the trade I spotted first), but hey as I said in my very first sentence I'm a newbie - and I am not prefect!!!

What I will say is, I did NOT enter this trade live (I never enter near the end of a trading session), but also I would have only lost about 5-10 pips, as my stop loss for the second trade would have been just below the "large" candle.

Also would be great if others could load up potential trades based on my idea. Would really like to see if people have the same idea as me as to what an OBVIOUS change looks like!!

For those brave souls all I ask is this.....

1) Try no to use indicators (I'm using a bollinger band as a guide not as a key component)
2) Any potential trade must be an OBVIOUS change in direction - you should be able to track it INSTANTLY

As I said before I tried this with my 12 year old son - he spotted 4 on his first attempt!!

THIS IS NOT ROCKET SCIENCE!!!





Finally turveyd (sorry for singling you out here!) the template with the numerous smas/emas do you have a tutorial?

Did I ??? I don't remember that which is a bit worrying, middle age hey!!

No sorry, just treat the SMA's are S/R points scroll back on the chart and study see if it means anything to you.

USE This Indicator to ( it's not ) it just draws lines at every 50 and 00, the 00's are good reversal points helps me if I can see them easily and it also puts a bigger brighter line for the Bid ( my own change ) so thats easier to see.

OK,

Just to try and clarify what I mean by OBVIOUS, I have attached a screenshot with what I consider OBVIOUS moves. As you can see not all of them are particularly large moves (after all this is a screenshot of 9.30 BST on a UK Bank holiday Monday!), however depending on the spread of your broker there are some nice little profits to be made.

The yellow arrows point to where I think there is an obvious move. As you can see, there are multiple entries on the larger moves. Depending on your risk appetite, and size of stop losses, you could easily have caught the majority of the larger moves available, I am merely pointing out POTENTIAL opportunities if the initial entry point was missed.

By the way the emas are as suggested by turveyd 5,13 and the Bolinger band is default - these were NOT used to determine the signals!!!

Chart looks like it's got 3EMA and 5SMA, I prefer the mechanical ness of this cross on your chart personally, as said I use it with the Candles virtually invisible to hide the randomness which is just noise I don't want.

But everyone has different ways of seeing the same thing, so whats obvious to you likely isn't to someone else.

If it works for you, REPEAT endlessly until rich

Turveyd, just quickly "Backtesting" - i.e scanning through old charts!! using 3ema, 5sma as you suggested, and there is no doubt you are going to pick up lots of pips!

Therefore, my system will possibly pick up slightly less opportunitys then yours, however as I said I am a relative newbie, and there can always more than one way to boil an egg!

Hopefully my thread proves useful to somebody, if nothing else it has proven to me that at the very least I am on the right lines!!

Happy trading everyone!!!

But my system suffers during chop ( on it's own, I obviously don't use it on it's own ) but if you combine that simple cross with your system then it picks less trades but also picks less wrong trades.

1000's of ways to make money, just find the 1 that reports for you and REPEAT!!

Good point!

no system is 100% prefect!!!! 8-)

If it were, I could sell it for a fortune!!!

Just one thing people, I've been saying look for OBVIOUS trades. Could someone else out there please either agree or disagree that the signals I have highlighted could be considered Obvious.

If you have similar (or better - or just different) examples please post them here. Always interesting to find what other people deem as OBVIOUS!!!

For those of you out there curious if this is successful, today I have made 15 trades, and averaged 10 pips each trade! My biggest drawdown was less than 10 pips ! and no losses !!!!

If I can do it ANYONE CAN!!!

Interesting indicator - do you have the file??

Looks similar to ind-gg I downloaded a while back

no i just took some part of that program i want to change the title

here it is again

This looks intersting. I'll try it out tonight (London Session).

Interesting (well for me it is!)

Just thought I would upload a 1Hr chart to show that it should be as effective on the 1hr chart just as much as the 1min chart.

One of the drawbacks is that you have to monitor price action constantly for any changes. If you cannot do that, then simply use the same principles but on a larger timeframe. Just remember the stop loss will increase significantly with the larger timeframes!

Indeed with this system there is no reason why you could just check the price once a day, and then if you spot a trade go for it!!

SIMPLES!!

I am planning on trying it on 5min timeframe with GU and EJ pairs during the first 3-4 hours of london open.

I am still confused on the candle patterns you look for when taking a trade? Is it the pin bar/engulfing pattern at the tip of boilinger band you look for?

If you've made @150pips today with no losses as expected really, then you have a eye for that setup, REPEAT keep repeating, keep upping your lot size as your account grows and RETIRE!! Easy


Stick to M1 totally different world on every other TF, there okay for long term holds but useless for quick in and outs like your doing.

enjoy