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Simple Break System

  • #1
  • First Post: Mar 13, 2017 3:20am Mar 13, 2017 3:20am
Hello traders, i'm back with a very simple system, no expert advisor/robot please if not i delete the post.

Indicator: One moving average, i like the 20 simple moving average.

Timeframe: All but i like 1 Hour.

Setup:

1) Price break the moving average
2) Price make a pullback above (buy setup) or below (sell setup) the moving average
3) Price break the support/resistance: Go long or short

H1 EUR/USD:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 (03-13-2017 0918).png Size: 58 KB


H1 USD/JPY:

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY H1 (03-13-2017 0926).png Size: 59 KB
  • #2
  • Mar 13, 2017 3:53am Mar 13, 2017 3:53am
can someone make an EA!!
  • #3
  • Mar 13, 2017 4:05am Mar 13, 2017 4:05am
Hi Stonyheart, thanks for share
Is there any your breakout trading system with other Moving average breakout trading system?

----
MACD stoch system
  • #4
  • Mar 13, 2017 4:28am Mar 13, 2017 4:28am
Quoting mario777
can someone make an EA!!
it's not funny
  • #5
  • Mar 13, 2017 4:29am Mar 13, 2017 4:29am
Quoting Jevan
Hi Stonyheart, thanks for share Is there any your breakout trading system with other Moving average breakout trading system? ---- MACD stoch system
You can use all moving average you want but 20 moving average it's a good compromise
  • #6
  • Mar 13, 2017 4:42am Mar 13, 2017 4:42am
Hi Stonyheart. I love KISS methods, so nice to see this. I would say that what you are doing is basically the third stage of the old 3-Ducks method and this can be a way to increase your entry success percentages.

If you are not familiar, then you run 3 tfs, if you are entering on the H1, then it would be H1, H4 and Daily. Set sma20 on all. Wait for price to be on same side of the two top time-frames, then drop to your entry tf (H1). Wait for price to cross over onto the same side as the other two and then run as you note...so wait for pull-back / bounce off the sma and enter.

(The original 3-Ducks uses H4, H1 and entry on the m15).

Anyway, I am in no way getting at you, I wish you all the best and I will follow the thread with interest. I simply thought you might have been interested in the info. Cheers
  • #7
  • Mar 13, 2017 5:05am Mar 13, 2017 5:05am
3 Ducks was on sma 60, am i wrong?
  • #8
  • Mar 13, 2017 5:48am Mar 13, 2017 5:48am
Quoting Beamen
3 Ducks was on sma 60, am i wrong?
Yeah, you are right - 60sma and H4, H1 and m5
  • #9
  • Mar 13, 2017 5:51am Mar 13, 2017 5:51am
Quoting lemercenaire
Hi Stonyheart. I love KISS methods, so nice to see this. I would say that what you are doing is basically the third stage of the old 3-Ducks method and this can be a way to increase your entry success percentages. If you are not familiar, then you run 3 tfs, if you are entering on the H1, then it would be H1, H4 and Daily. Set sma20 on all. Wait for price to be on same side of the two top time-frames, then drop to your entry tf (H1). Wait for price to cross over onto the same side as the other two and then run as you note...so wait for pull-back...
yes, all it's possible but i use one timeframe in my strategy
  • #10
  • Mar 13, 2017 5:59am Mar 13, 2017 5:59am
Possible short setup H1 EURUSD:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 (03-13-2017 1157).png Size: 39 KB


Trade the break of this little support.
  • #11
  • Mar 13, 2017 6:25am Mar 13, 2017 6:25am
Quoting Stonyheart
Possible short setup H1 EURUSD: {image} Trade the break of this little support.
Looks like it's going to surf the 23.6 fib for a while.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1egforsimplesystem13thMarch17.png Size: 27 KB
  • #12
  • Mar 13, 2017 6:36am Mar 13, 2017 6:36am
Quoting lemercenaire
{quote} Looks like it's going to surf the 23.6 fib for a while. {image}
Agreed....I think it looks a pretty good shorting opportunity on a pullback at 1.06950 or thereabouts personally, that's my plan at least
  • #13
  • Mar 13, 2017 7:10am Mar 13, 2017 7:10am
Quoting Landline
{quote} Agreed....I think it looks a pretty good shorting opportunity on a pullback at 1.06950 or thereabouts personally, that's my plan at least
To around the 61.8 of the last drop, I guess, eh? Sounds like a plan.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1possiblepullbackto61.8relandline13thMarch17.png Size: 26 KB
  • #14
  • Mar 13, 2017 7:24am Mar 13, 2017 7:24am
Quoting lemercenaire
{quote} To around the 61.8 of the last drop, I guess, eh? Sounds like a plan. {image}
I don't use fibs personally, but the 20ma does figure (alongside a couple of other things) in my consideration of a trade. It's whatever works for the individual really so long as it isn't complicated imo. The basic system described by SH is ok I reckon, so long as traders accept that they are likely to experience some dd on occasions before the direction materialises profitably. It'll be interesting to see how this all develops.
  • #15
  • Mar 13, 2017 7:34am Mar 13, 2017 7:34am
Quoting Landline
{quote} I don't use fibs personally, but the 20ma does figure (alongside a couple of other things) in my consideration of a trade. It's whatever works for the individual really so long as it isn't complicated imo. The basic system described by SH is ok I reckon, so long as traders accept that they are likely to experience some dd on occasions before the direction materialises profitably. It'll be interesting to see how this all develops.
Ditto. Fibs are interesting because of their self-fulfilling properties but if I use them it'll be to mark possible tp points. Just mulling here.
  • #16
  • Mar 13, 2017 9:08am Mar 13, 2017 9:08am
Nice work again Stoney.

This is EurCad. Very similar looking set up to EU. I prefer this one for other reasons which are not germane to this thread, but suffice it to say, the same H1 set up can be observed.

My initial SL is just above the current M15 range, about 16 pips. I have several targets to shoot for shown on H4 (1st chart). The lowest target (box) was marked using M30 Demand Zone.

2nd chart, M15, shows the range, and my first target of interest, which is blue box.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EurCad H4 13 March.png Size: 54 KB
Click to Enlarge Name: EurCad M15 13 March.png Size: 61 KB
  • #17
  • Mar 13, 2017 10:08am Mar 13, 2017 10:08am
Where to place exit
  • #18
  • Mar 13, 2017 10:32am Mar 13, 2017 10:32am
Quoting burat
Where to place exit
++++++++++++++++++++++++

If you are asking me where I might take profit, it would depend on the overall progress of the trade.
• It could happen today, should it reach the area of the 1st demand blue box, about 1.4315,
• or if I like the progress of price action, I may hold on for a deeper move.
• Also depending on major news announcements.

It's always best, imho, to have options which are relevant to price action. No indicator can 100% accurately predict where price is going.
  • #19
  • Mar 13, 2017 11:23am Mar 13, 2017 11:23am
Did someone entered this on eur usd (H1) ? Is it right or not?




Thanks
Attached Image
  • #20
  • Mar 13, 2017 1:34pm Mar 13, 2017 1:34pm
such a simple method; I like it. thanks
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