Keep it Simple Stupid (KISS) Method

Hi Turvey D

I am just looking at your times of trade, are those hours for when BST is in effect.

Are you trading from 30 mins after UK opens and for 2 hours after that.

For Jpy is that 30 mins after Jpy open and then for 1 hour after that

thanks

The Jpy start time would be 27mins away ish from this post, if that helps.


We are in BST at the moment so I guess there all BST Times.

how is the system doing, what is the PIP count thus far??

Hi Turvey D

That is 30 mins before the open of Japan.

OK, it does get going then and for open and then about 60 mins

Will have a look

Well there is no losing trades so far

Ofcourse I've only made 2, +4 +9, the systems changed abit, more of a scalper recently.

Start trading Wednesday all being well.

Has anybody else tried just using the bollinger bounce, then 3/8 cross with 15 pip s/l?

Admittedly only limited testing, but should pick up mop most of the price movements in a day.

You are going to have to make a lot more trades than with using to 40 sma, but surely that is the essence of scalping!

I will try and use a combination of Bounce 3/8 moves and using the 40 SMA today, (perhaps using the 40 sma as a bounce as well as the Bollinger, fill get me more of the big moves, whilst illiminating sitting on a retrace (see attached to try to explain this....)

Basically I use the initial Bollinger bounce as my first order, then (depending on risk appetite) close out when a retracement at the bollinger, or at the 3/8 cross.

In this instance the price has continued through the 40 sma, so going with the trend I will be looking for buys.

The price then bounces off the 40 sma, so I am now looking for a 3/8 cross. Again I stay in until the bollinger bounce and wait for a retracement.

This time it bounces off the 20 sma provided by the bollinger .

Remember the initial concept of this thread if you see an obvious trade, then it probably is!

Note a bounce off the bollinger. A bounce off the 40 SMA, a bounce off the 20 SMA

Ever heard these before????????

At the moment this is very much a manual system, hence the need for the most important indicator of all - the mark one eyeball!!!

Trust your spider senses people.

When a signal is developing in higher timeframe is it correct that I go to a lower timeframe and if I see the same signal there at that moment I entry in the lower. Is it a correct way?

I only trade single TF being M1 with a M5 chart to give me a better days over view, I fear over complicated using multiple TF's.


20SMA speeded up to 15sma ( PG don't use 15 for your X's on there own ), 15 on trend moves is too fast the market dips below giving a perfect 2nd entry signal when 2mins later is moves back above, only use at 15 if your using the 40sma no trade zone!!!

Just saw there was a move from 0800 this morning EJ

Perfect storm of pretty much all indicators cerossing at once and just after a bounce

I was waiting til 9:00 am, so didn't trade - but it was just over 100pips!!!!

I'm sold on this!!!

(but hey I'm biased!!!)

Arguably my method would have picked it up at 0730 for an extra 10 pips, but there was 30 mins of chop - you pays your money you takes your choice!!

OK I can see the 40 will not pick up as many trades as mine, but it will most definitely not be as bumpy a ride!!!

Question is - is the bumpiness worth it???

So just to be clear with your 40 Sma, am I looking for the 3 to cross the 40?

With the 20 changed to 15, it signalled 3 entrys on the trend move ie safe places to get in, if your late for the party, which I normally am.

EU broke down, I shorted to test it,, risky after a trend move but holding up well and going my way


EJ just broke down to, shorting will see how strong this is I guess

3 ema has just broken through 22 and 40 sma

Lets see how this one plays....

My entry time 0940 BST 12 May 2009

SL 15 pips

These are the moves, I'm optomizing the system to gun for I don't mind making 20pips here and there, but nail the occasional 100+ pip move and it'll sure give your account a huge boost

If all my other trades break even at the end of the day and it's only the 100+ plays that I hold onto, my account will still be doing well.

Got to be in it to win it, if your in it for free effectively, then the 100+ers become the wins

What's the exit strategy?

I waited for the 3 to cross the 40 and just got stung 8-(

Went okay, both trades got to +10 area, just watching on vnc so too lazy to press exit on a demo.

EU then turned up for a 20pip profit so far to.


Slow day though, normal expected after big move chop though.

Put a dotted 120sma on the charts, just to remind me longer term trend is still up, not really trading off it, but might use it for S/R for Exit point, worked well on EU.

Exits depend on the strength of the move, weak move 3/8 get outta dodge, moderate move risk to 15sma these days, strong move like the 100pipper risk out to the 40 ( these will be rare but nice )

GU made 60pips or something, off a fresh buy signal earlier, 3/8 nearly held on all the way up, 3/15 held all the way up thats an example of moving to the next level.

Trail with loose stops if you want, I'll try to keep my stop under the 40sma to keep my loss minimised if nothing else.

The 40sma is working really well today isn't it, not to fast keeps you in the longer trades, while at the same time quick enough to not waste huge pips on trend changes.

Give it a 9/10 I think, it's near perfect.

The 15sma works abit better with the 40sma aswell.


so final change I think, got to lock it down before going live tommorow.

3ema
8sma
15sma
40sma

easy!!!

Hi Guys!

I have checked the system and it is quite interesting for small quick trades with little risk.

As these trades come and go very quickly, its diffilcult to to see some of the best setups live...... so I would like to ask TD or PS if they are available on messenger or skype to exchange information live as they happens.


Thanks for a simple yet efficient system

FXCasper,

A Free live chat room, with chat kept to a min just trade talk while the good times are on, would be perfect.

Loads could join and just watch and pick out the plays they want then.


MSN might do it, all in 1 chat window if there aren't to many.


Anyone got any ideas for FREE Chat room, FREE is essential!!

Hi,

I guess there are lots of options available.

Now that we have established an interest, I am sure we can find a suitable and free option that will work pretty good.

Gonna have a look around