Hippiedog's Keep it Stupid Simple

yes well aware. LOL.

Hi nzd is bullish ,the system would net better results long

High probability bearish pattern ,if low goes before high

Hi Bones

Agree definitely bullish weekly long term... I am looking at the 0.67 for potential 100 pip solid retracement somewhere around that area...back to 30 EMA or 50EMA then agreed jump back on the trend at high break

Im going to set some orders for tonight:

NZD/USD SELL from 0.668
GBP/NZD BUY from 2.31
EUR/NZD BUY from 1.69

santé, cheers
jf

This is another method I trade all day long.... If you trade this on 10 pairs all week and take absolutely every trade you will sometimes get plus pips a week.

Again High risk because of the stop placement and bad risk to reward but extremely extremely extremely high win rate.

Very simple a non trader can become a trader in a day with this strategy...

You need 3 EMA's and an ATR indicator

1 EMA @ 15
1 EMA @ 30
1 EMA @ 60

1 ATR @ 4

For a buy price needs to be above 15 EMA, the 15 needs to be above 30 EMA and both 15 and 30 EMA's need to be above 60 EMA.

For a sell, same as above but reversed.

Draw a horizontal line from most recent high to above current price for buy and below current price for a sell.

When price meets that line and that is your signal to take the trade or have a order placed.

Prior to taking the trade use the ATR indicator set at 4 to find the most recent value on the indicator, use the candle just prior to the entry candle for the value time area on the ATR to find out pip move, example ATR states 50 that means trade for 50 pips.

Your STOP is to be positioned at the 60 EMA this is normally much further away in price range compared to your pip target, but you will find that it has extremely high win rate.

Alternatively use the EMA cross for your trend change indicator place your first trade according to trade set up as stated above and let trade run until price eventually hits the 60 EMA, which could be 100's of pips or a days wait and break even.... but I personally want the winners and more winners using the ATR 4 for pip target so it is up to you ultimately.

Image for description

It was meant to read 1000 pips a week not plus pips a week, sorry.


This is another method I trade all day long.... If you trade this on 10 pairs all week and take absolutely every trade you will sometimes get 1000 pips a week.

And on 30min 1h 4h where I get the pips... I have not really traded this on any lower time frame just so you know..

If you know what you are doing you can get in at leave of 15 Ema and take first position at horizontal line and let 2nd run till meets the ATR pip range... happy days

And for any body about to ask I use the candle and the wick as the high/low for horizontal line not the body of the candle as the high.

excellent for long runners if you can get in... but fx is to choppy I think for that so for long runners it needs to be the top indices.

The trend really is your friend

Question on your last pic . the blue arrow on far right ATR
was .00250 . Would this be a 25 pip TP. Thanxx hippydog. ;_)

HI highfivve

nearly, hope this helps.

[quote=hippiedog;8531515]HI highfivve nearly, hope this helps. {image}
😇 got ya thanks bro

Example of a long run in fx...

just got in on USD/CAD looking for a long runner SELL

Don't use ATR 4 for long runners obviously, its just about spotting the potential for the long run in the market...

AUD/USD 4H with DMI or ADX signalling SELL opportunity soon.

Using the ADX 14 recommended by insider999...

Im adding the 30EMA or 50 EMA for price target...

Before I leave this thread to do what ever it does on this forum and get back to trading I thought Id leave you with one more completely sane way of trading to contemplate... Have fun

1,2,3,5 min charts best...

So your strategy is simply to do whatever one likes to do it does not matter just use small part of the account and small tp or if you think it will go for a run stay the trade no stop if one dont wants to buy or sell when ever you like ?

Best regards

It is based on fib extension and retracement. Measure last move using pip value or range extender... Eg it fell 100 pips... well if it does full 100% fib retracement you need to know your fib extension.. and to do this measure up 100 pips extend the fib the opposite way around and mark out the profit targets as instead sell lines for...

Every body wants the profit target and suck when you don't get the mark and retrace, well if this move has just come from a full 100% fib retracement and now into fib extension you have hit the jack pot buddy...

Im just a bit lazy with it now, idealy mark of the 23% and 0.618 % etc etc it just another way of trading easy... Hope the images help...

And the above EMA strategy is separate all together, im just throwing out ways of simple trading for big gains..

You then treat the below retracement as another fib 100% full retracement and the cycle continues...

Trade it like you stole it

When your account grow start trading 15,30 min then 1H etc and if you are absolutely mental try the 1 day and 1 month