Keep it Simple Stupid (KISS) Method

I have been scalping tonight, and scalped this morning too. I am up about 120 pips on aboot 8 trades, 2 of them being losers, split evenly across THV and KISS system.
There are very important observations I have with these 2 methods on scalping-to be posted l8r.

ps- most pips coming from EJ, got to love this pair as a scalper.

Interesting, consider that Plan B, mines abit less noisy on the screen which I like.

I better get some sleep, I want to see some profits tomorrow, even if relatively small.

I too hate demo account, I don't care so it kinda ruins the entire purpose.

Drop a 120sma dotted and small watch for S/R from it to TP, not for entrys.

NICE

I'll look forward to reading your observations in morning mate, so don't forget.

5 trades, 0 losers + 44pips and I'm just playing around, I've left 50 pips on the table IF I'd stuck to the system 100%.


It's not even good market action, it's moderate at best.



No Candles scared me the first time I traded like that, but I'm prefering it already, try it, 3ema filter works better!!

I agree as a beginner forex trader you need to stick with mt4 platform, I've demoed FXCM and I'm not impressed try Alpari UK.

Has anyone tried

Bollinger Bounce 3/8 cross?

hey guys, very interesting thread, there seem to have been alot of changes.
so again to confirm it is 3ema , 8sma , 15sma , 40sma
do we enter on the candle close when the 3ema has crossed through all of them????
thanks in advance andrew

No trading system wroks against the trend. Is it ture?

Is it a wise decision that we take only the sell trades? being less exposed to the market hazards this way?

can we have a visual of what u mean?

hi andrew7,

it's the 3 n 8 cross that gives u the entry. if the 3ema cross through the higher MAs. then maybe u can hold your trade 4 a bit longer. as it signifies that the move is strong, price has went through the higher MAs n r continuing going up/down.

but u must b alert, as these MAs r floating s/r. also, not all 3/8 crosses r valid. especially when after a up/down trend. price may retrace n 3/8 will cross. but then prices will continue it's previous trend again.

seems like turveyd has settled on the above ma settings. but check back 2 c if there's any changes. i'd like 2 mention that trading is discretionary!! what works 4 others may not work 4 u!! as the trader plays a big part in making a system work. thanks

thanks winningfx,
good trading

hi efiler,

in reply 2 your first question. all trading, not only forex depends on prices 2 move 2 turn in a profit. if traders r bullish n buy, then a up trend will form. vice versa for down. all systems created r trying 2 make educated guesses about where the trend will go. trying 2 capture the movement of the trend when they're right n make profits.

if u r interested, go 2 the interactive forum n read billyrayvalentine's no brainer trades. it's based on "fade out" of prices when it hits a s/r zone. when prices hits the s/r n bounces off it. that is what i gather from reading abit about it. it's a bit of countertrend n retracements trading.

in reply 2 your second question. there r all sorts of traders n some r superstitious. some don't trade on mondays or fridays. some as you mentioned, only sell or buy. while some only trade BOs, trendlines.

bottomline, trade what works 4 u!! a system or method that u r comfortable with n can consistently make u profits. a trader cannot trade in conflict within his mind!!! a lot of traders say long term trading off the daily is where the big bucks r. also, bank traders r also trading the daily charts. but if u tried it n you don't like it, what do u do??

keep trading in a way that u don't like. much like working at a job that u don't like. cursing everyday n feel lousy?? how long will u last? that the crux.

trading in the lower timeframe maybe seen as scalping by those higher timeframe guys. but if i tried trading higher timeframes n i suck at it. what do u want me 2 do??? where does scalping originate anyway?? from professional floor traders!! thanks

i got 56pips from trading 5 positions today. feeling tired. maybe back later. good luck in the london session.seeya all. trade well



P.S i'm still on demo n average 1 or 2 positions. keep practicing. practice makes perfect

What should I see in a higher chart that would indicate there is chop going on in lower?

Hi Guys,

Thanks to WilteredFire for opening the KISS chatroom.
Where is everybody?


Well it has just been a superb time for KISS to collect pips.
EU : 50 PIPS
EJ : 75 PIPS
and the winner is
GU : 100 PIPS

I guess there were more pips to be collected, but after hours with range and 5 - 7.5 pip collections, I am pretty satisfied with the result so far.


Morning European time, we are well above 200 PIPS , and actually no losses so far



I would hope that more people could join the chatroom so we can discuss new setups and market conditions. There is always room for improvements.

Happy trading everyone

Drattts over slept missed a good morning.


And no it's not a 3/8 cross entry, it's a 3ema is higher than 15sma and 40sma entry, 3/8 on it's own will have you trading against the trend and too much chop.

Unless thats what the big winners are using ofcourse, if so over to that ASAP

As a brit, I was wondering why you're regularly up in the middle of the night.

Stick to Scalping, we are getting 75% win rates from this EASY, profits double the losers to, the higher the TF you trade and time your in the trades the more you are exposed to the random effect and the nearer your trades become 50/50, so although just about possible to eeck a small slow profit thats about all they manage.


If you want Long term trading, Forex isn't the tool, move over to Stocks.

I'm a night owl and I used to trade the US Stock market so practically lived on American time for 4years and kinda got stuck with it.

I'll definately be playing the JPY open but rarely the UK open