Keep It Simple Stupid (KISS) - The next Generation!!

Just played around with using the Fibonacci tool in a "simple" way"

I know that you are supposed to look for reversal candles around the 50, 68% levels, however, there are a number of times when they can retrace to 31.8 or lower.

So the Kiss solution - wait until the fib level is at - or exceeded 100%!!!

That way, you have illiminated most (if not all) the doubt.

True you may well be losing out on lots of move, but hey if you are going to use the fib tool, you are looking for a move to the 161.8% point.

I have just used this twice - for 25 pips and 15 pips

The second I also added another "kiss" principle - key levels.

I waited for the price to reach 10 pips around the ".00" level - to ensure there is strength in the move.

The next levels from there are .25 then .50 .75 and so on.
This was an additional caution to my trade, as I would have entered 15 pips earlier using the 100% method!

The added beauty of this, is that typically the move is relatively quick once it has hit the 100% mark, whereas for the 68%, you could have significant "chop" before reaching the 100%.

REMEMBER... If you HAVE correctly picked a fib then, then it MUST cross the 100%!!!!


Notice on the chart the exit point - quite easily in this instance that would have been a new entry point as well after the second climb (which ended at the first climbs' 168%)

This system has good potential worth looking at

EU can be used in one hour chart due to the nature of that currency and see the eu chart

I prefer the thread developer to lead more on to this system

hi, what time frame do you use for this? m1? if so, no wonder 50% and 68% retractment wun be accurate in the 1st place. I am sure for a m15, the 50% and 68% will be good enough. some more using a m1 requires too much of a monitoring?

I personley use this system

GJ 5 MINUTE

EU one hour

What happened with the old KISS system??
Doesn't work anymore?
mmmmmm.....

oh I see what the other guy did to you thread!!

Anyway, good luck on this one! Don't let anyone screw this one as it happened before!

You are absolutely right - I was almost guided down a path I did not mant to go down!

Anyway, back to PROPER KISS.

Attached is an entry system that requires the most useful of all indicators (mark 1 eyeball!)

Simply wait for a retracement, then when the price exceeds the highest / lowest then that is your entry point. Your stop loss will be the extreme of your retracement +/- you spread

Can it get simpler??????