World's Simplest System

how can we use this for short term positions? around 1 day?

teb or anyone? can you guide me

Hello Teb63,
I really interested in your trading system at your thread http://www.forexfactory.com/showthread.php?t=165268 (simple trending system) EMA 50, EMA 100, EMA 200, and added EMA 20 and WMA 5 for trigger cross. Can you explain how to open and exit? Be'coz I sometimes always still a wrong opened. And Late to close, make a market turn offer.
Thanks

Regards,

Capunkfly

Hi,

I'm not sure if I'm doing this right, so any comment will be highly appreciated. I am using three MACD histograms to represent the three 200 ema lines. So when the 2nd and 3rd histos agree (1hr and 4hr), I am waiting for the first one (15min) to disagree. That is the heads up signal. The trigger I use then is a CCI (13) crossing the 100 level from above (bearish signal) or -100 level from below (bullish signal).

In the picture, you can see the vertical lines, always preceded by the headsup signal of the 15min histogram. The vertical lines are bearish entry signals. The first two signals are more obvious, but the three last ones although valid, seem to be in a zone where the momentum of the higher timeframes is exhausting, so less pips to be made. That brings up some questions about stop loss and profit level. 35-50 pips profit would be possible for the first two trades, but barely 10 pips for the last one. what would be the best money management for all of them?

Thanks and regards

Chamane

http://i27.tinypic.com/2959tsj.gif

Hi TEB63
I cant understand this system. also my english is not good
would you tell me actualy when we can buy or sell on this system. for example when the price is top of the ema 200 we can sell until price touch the ema200? am i true? or we have to wait for price break the ema200 and trade at the direction of market?
would you give me an example (with picture ) and put mark on the picture (buy point sell.. s/l )?
excuse me if i am bigginer
thank you

Hi Teb

Thought I’d revive this thread as I’ve been trading this system for the past 5 days or so and have had quite remarkable results for a newbie. Hi all my names Mario. I like the fact that all the decisions are price driven, no indicators except 200ema. I really like its simplicity.

I especially like the fact that you have targets. A place to get out as well as in. Nice work

You can see from my results that a couple of times I was stopped out before reaching the 1st target, I bought back in (same direction) almost straight after, and as we know we're trading with the trend, I recouped my losses.

Is this something you would do???

Another thing I was wondering. Obviously we should stay clear of major news events. But what if a news event helps create the 1,2,3 pattern. For example, lets say price is rising (1), a news event comes out and causes the price to fall (2), then price begins to retrace and rise again, and consequently we hit are buy entry.
Should we avoid this trade???

The last thing that’s frustrating me, bit more of a general question and possibly a new thread entirely is pricing strategies between currencies. I've been trading every currency with 0.4 per pip. Obviously if you trade the GBPUSD at this level and the USDJPY at the same level, they won’t necessarily correlate, and I'd like to factor this into your system. Does anyone have a rough idea of how much to place on each currency pair so that you can make consistent amounts between them?

(Few, hope you understand what i mean)

Thanks
Mario

.

I think I'm going to like this system Can you check the cart below and see if what I've set up makes sense. As you can see the sell that I had before I read this is way off, hopefully everything works out. Anyway with your system I would have placed a sell @ 1.0537.
Is that correct?
Now in the past I would have seen this coming so can I put my trade in ahead of time before it hits my entry point or do I have to sit there and wait?

[IMG]file:///C:/DOCUME%7E1/Marcel/LOCALS%7E1/Temp/moz-screenshot-1.png[/IMG]

I found this thread way back and just stumbled back here. Will have to review it again to catch up to the new posters here.

Hi Scatch99,

I think TEB likes to get in on the wrong side of the 200 EMA because once it closes past the 200 it usually shoots off. Then you would enter on a 123 break at 1.0590. As you can see this made the first target considering the 5 pips he normally subtracts from his targets. My entry looks to be a little higher than yours.

I guess its more or less a set and forget. My most profitable trades have been when I have left the room. Then you let it do its thing, after all you have your stop loss and target in place. I just make sure I am trading comfortably risking only 3-5% of my account.

I have been trading this method for a couple of months now and its been the really profitable. Its so simple and mostly keeps you on the right side of the market. The times when price has gone the wrong way have failed to trigger my entries anyway.

maptoprofit,

I see that your indicator is not WSS. You use only the timeframe and one above it to get trend? As far as targets, etc., how did you come up with those?

I think if your indicator went along the rules of WSS (3 timeframes: e.g. H4, H1, and M15), and StopLoss and TakeProfits were included, then we'd have a good indicator for WSS. And if it were done correctly, it wouldn't be that far from getting an EA done. Just add trading capabilities to use those StopLoss and TakeProfit numbers (easier said than done, but can be done).

BTW, I do like that you have multiple pairs being watched in your indicator.

Regards,

Don

by the rules I think a trade maybe forming
lets see.

was in last night

nfp is today

its an hour to nfr

so I am out very small win

Nice job on the trade.

I didn't have those triangle trend lines. Instead I drew that as a rising wedge in a down trend.

Either way I didn't trade around the news.

I found this tread on Sunday now Monday in NZ. Thanks to Teb63 and all the other posters here. I have gained so much from it thank you.
I have just been looking at pairs and found one that I think is set up ready to trade. U J . Please tell me if I am any where near getting this sys right.
I see W1 & D1 price below 200ema H4 above 200ema
1, 2, 3, forming with a trigger at about 83.67
TP, 1 @82.85 TP, 2 @ 81.83
SL, @ 84.50 total pips 186 Is this any where near what I should be looking for or am I still a mile or off track. This my first shot at this so your comments would be welcome. ( please be kind )
I will try and post my H4 chart

Exactly that Ezzy although he has to put in a proper message in order to get the system and an indi.

I did it on facebook where it says how good I think it is. I added a message to say that it was all untrue simply what they write.

Nice setup today .

http://www.forexfactory.com/attachme...1&d=1312552148

Anyone still using this system ?

Hello All Members,

i am a new trader i want to know where i can find 200 EMA? i do not find any attachments in the first post so please someone reply me where i can get it? i need 200 EMA.

thanks in advance

Hi

open a chart
go to your indiators list
click on Moving Averages
click on paremeters tab
enter 200 in the period box
select exponential

click ok

good luck...........J

where i can find 200 EMA?