RSS (Ridiculously Simple System)

First trade today ended in exactly 0 pips



Went 30 pips then reversed 30 pips taking out my trailing stop!

Guess thats trading!

BTW price made a new MACD peak after yesterdays yellow sun (3). Is amazing how often that happens.

Hi, Drewas. I have enjoyed reading your thread. I notice the thread had stopped for a while and now it is resumed. Glad to see you are still using this system. It can help give the rest of us confidence in a system if we see the system is reliable over a long period of time. At least that is how I feel anyway.

Do you think the pac indicator a necessary part of the system, because it wasn't part of the original rules that I can see? And could this system be traded on perhaps the 5 or 15 minute charts as well? Or maybe the 30 minute? Or is only one hour what you have found is best? Thank you for your kind reply.

Hi glad your getting something from the thread.

The PAC seems to help with patience ie waiting for price to leave or close above/below the PAC.

Is not fundamental to the system just something that seems to help me. I have been trading this pretty much the same way since before the thread started. I work also and so dont always post. I trade almost every day and normally 1 to 2 trades per day. I started posting again when asked if i still traded this way.

Once you get it down the system is easy and profitable. I just tweak every now and then. try out different indicators, take profit levels, money management plans etc.

I do try other systems but keep coming back to this as my bread and butter.

Is that a different semafor indicator that you are using now, Drewas, than you were using at the beginning of the thread?

Yep old one kept crashing once MT4 upgraded. Newer one is here :- http://www.forexfactory.com/showthre...38#post8100038

Hey, Drewas, I am just wondering about something, as I am sure a lot of traders are asking themselves ...

Will this strategy, if a trader is successful at it, produce enough pips, if traded daily, to allow a trader to trade full time with no other job?



Thank you !

Do the maths yourself. Ive posted trades and results and shown trades in realtime on this thread.

I personally shoot for 50 pips a day. Sometimes I lose , sometimes I get 20 pips sometimes I get 100 pips.

I guess every traders circumstance is different. I enjoy trading but couldn't do it full time I would miss what my full time jobs gives me (not just money).

I didn't start trading to get rich but to supplement my income, learn more about myself and financial markets.

Trade on AUD/USD.

Entered at break of LO candle waited because of long wick other way initially showing indecision?

New peak formed on MACD after yellow sun, yellow TDI angled down and ADR close to daily usual so quite risky.




Up around 10 pips at the moment.

Out for 20 pips. Seems to be stalling around ADR level. Red news approaching so decided not to be greedy today and look for a new entry.

Of course as soon as I exit it shoots up close to my target.




Guess thats trading!

Psycological chalaging yes.

Be gratefull of what you have and happy, but never satisfied always try to be better and get more. Thats how i see it.

Best regards

Monday morning.



Around 40 pips atm.

Trailing stop took me out for 29 pips. Stop was closer than usual because of ADR. Ok start for a Monday.



May re-enter if price heads south.

The high or low of the London session is normally set in the first three hours. Is this the high?

Nice trade.

Re-entered in anticipation of break of support and ADR and TDI bounce, guessing will continue to new MACD peak.



30 pips ATM.

Out for another 30 pips, more to be had maybe another bar or two but over target for the day and not greedy.

Another 30. Turns out I am a little greedy . If only everyday could be like this!

Yellow semaphor dot and then new MACD peak (providing price doesnt reverse). Happens all the time every timeframe. This helps me with my exits and whether a move is exhausted or not:-



Didn't trade this pair but would have done had I not been busy with above trades and working.

Didn't trade yesterday. 2 trades today first sell at LO, continuation of price but reversed quickly so exited at break even -2 pips.

Re-entered long at break of previous red candle and TDI cross but wary because yellow TDI around 68 (overbought). News helped.



45 pips atm holding out for 50.

Out for 50pips.