RSS (Ridiculously Simple System)

Classic entry at London Open, TDI cross away from yellow sun moved stop early to break even will see if its got any legs given its Bank holiday here in UK.

Went for UJ instead but closed it for -8 - EJ looks better...

Be aware that it is effectively a c/t trade though according to the D1 chart, which may still work out ok but I'd be looking to take what I can in your shoes and exit if I had taken the short on.

Personally, I prefer to wait for a long signal to appear off of the h4 or h1 chart and trade in line with the underlying daily semaphore rather than swim against the tide, but that's just me.

Closed earlier for 40 pips. Reduced TP due to bank holiday.

Took a long time to get there!.

Landline I trade 1H and occasionallly 4H and try to trade higher ADR pairs. Experience has taught me that I can make profits this way. Your method appears to be completely different using different indicators and time frames.

Different strokes for different folks I guess.

The method I use is along a similar principle to yours actually regarding the semaphore, which is my prime indicator telling me where dynamic support and resistance is. Thereafter I've simplified everything, keeping only what is necessary on my charts to trade in line with the daily semaphore. Any indicators in the lower window are always of secondary importance to me and are used more to support what price is already telling me on the main chart. As you say....different strokes etc

Perhaps you could post your indicators and advise how you use them in detail.

Was that an "agressive" entry - before the cross and candle close?
What made you choose EJ over UJ today?
Thanks.

hello. can anyone tell me or share what is the small lower left corner news indicator for sonic / forex fac ? thanks !

I suppose it was aggressive, close to ADR, yellow TDI was near 68 level, large MACDpeak. EURJPY is also my favourite JPY at the moment seems smoother than the others.

Courtesy of the guys over in SonicrR.

Thanks Drewas. Waiting for the next setup, don't see anything shining this morning...

Im in on EURJPY, buy at LO around 10 pips at the moment. After bounce of TDI around FO waited until price broke 800 MA.

I dont just post the winners out for a couple of pips loss.

On the face of it, there is not much to say. I prefer simplicity as opposed to "busy".....but most believe the more there is on a chart then it must be good. I guess that's where your "different strokes" comes into play....and if it works and generates profit then change nothing is my motto.

Anyhow for this method/strategy, I use the semaphore as my main indicator, which features in practically all of my methods because as I've previously said, it acts as a pretty reliable dynamic s & r for me. I am only interested though in the main semaphore for that purpose, and the smaller semaphors are unnecessary for me usually and hence are removed.

That explains why the high visibility of the semaphore is important to me, and before a new week commences (usually on a quiet Sunday evening for me), I will have identified the DAILY semaphore bias for all pairs I'm interested in and made a note of their direction, and that simple part of the task takes 5 minutes against all the pairs.

Now I am armed with precious information for the forthcoming week. My next task is see which of those pairs semaphors ALSO conforms to the H4 timeframe. Again, 5 minutes analysis gives me the answers. Now I know which ones I need to focus on.

So, Monday morning comes along, I take a look to see if any of my pairs I'm focussing on are in a position to trade, and that is where the bars, closes and 3MAs (high and low) come into play. The lower window is not important at all at this stage to me, and in fact I could completely remove it altogether other than the fact it just about adds some bias to reinforce decision making.

I have added an AUD/CHF h4 chart with ticks to show a live set of trades. Very often, as in this case, I will enter a much smaller single market order to immediately get into a set-up, and I usually add a pending set of 3 orders at the same time at a potentially better price. The reason I do this is because so often I find my pending orders leave without me on board, but then that starts entering the field of mm, and I'll leave that for now.

The chart clearly shows where I entered, and you can see that they correspond to the MA3 being very close to or above the high dotted line, and the candle colour is red. Btw, my colours are purposely reversed to help identify buying or selling.

The lower window incidentally, does conform to my signals, ie right colour, right place...I'm good to go

I realise this system is not the same as yours apart from the semaphore, but I've always believed in simplicity personally, and your chart just looks far too busy for my liking. Diff strokes again haha

I've added the volatility quality indicator used in the lower window. I also use a standard stochastic to provide a scale only, the stoch lines are not needed, and I've changed the b/g colour using the rectangle tool from the shapes menu.

The way I trade is the way I trade, everyone is different and most I'd hope would understand their own indicators and settings and how they react, for instance, what I might consider an entry signal may not be so for someone else....no two traders are alike!

It's a long post...but you did ask...

LL

Looks interesting, would be interested in seeing more should maybe start your own thread so as not to confuse people?

I don't think it warrants a thread because it is a RSSS...ridiculously super simple system

I'd be amazed if people didn't understand it already from my posts and description somehow

I dont understand maybe that makes me thick. Please post the charts and indicators so others can replicate your charts/trades you post here.

You've lost me.... semaphore you have, ultimate alerts you have, bar chart you have, image you have, instructions you have. Pray tell, what have I missed for you to construct a simple template with your own settings that suit your own style?.....

Well...if you could explain where this "high dotted line" comes from (the one(s) nearby your 3MA) and also, on my chart the last 3-ball for ACH was painted 20 days ago - how does that line up with your h4 ?