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psgm replied May 5, 2009Over cautious on my part..... — Saw a move at 0740 £/$ buy. very quickly moved into profit so moved my stop loss to +2.5 ( hence could not lose!) However climbed to 12 pips so was going to set my stop loss to 10, but profit fell below 10. Then ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 5, 2009OOPS — OK forgot to add the other side of the sweet spot targets (pretty important considering I just made 20 pips+ the other way!!! 1.5025, 1.5050, 1.5075 sweet spots = "round numbers" - round numbers .00, .5 Also in between these .25, .75 as ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 5, 2009nice 20 pips — OK 0723 just saw a nice 20 pip move from 0705 to 0723 on £/$ (again 1pip / minute+ seems to be the rate here!!) Again, don't mind missing out on these early pips if it helps you guys (so far spotted min 50 pips in around an hour ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 5, 2009GBP/ USD (Cable) just hit 1.5000 — OK, The candle at 0705 was proof for me that this was a downer, and price has just hit the 1.5 (definitely a sweet spot value!) and fell below it Next targets will probably 1.4975, 1.4950, 1.4925 (based on ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 5, 2009Good signal — OK spotted a signal that happened 10 mins ago on eur/usd (A black cloud candle formation??) the ema/ sma at the base of the graph (suggested by turveyd)are as follows: ema: 3 sma : 5,13 Handy that it occured at edge of bollinger ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 5, 2009And there it goes — OK 0701 just spiked above 1.502, so a move is coming (tweezer top? = down) so there is some resistance at 1.50244 by my charts. As that is near a round(ish) number suspect there could be a move towards 1.5050 if it breaks ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 5, 2009stop loss moved to profit — OK as I am updating live, I have moved the stop loss to +5 pips (as I am not keeping a watchful eye - I am updating this live. Just as I say that I am stopped out at +5.2 pips on a mini pullback, but the signal has ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 5, 2009exit signal — OK I did not trade this signal, however at 0634 I personally would have been out. Either I would have hit a 10-15 pip profit target, OR as the candle at 0634 I would have called it manually. However this time of the day, looks ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 5, 2009Signals 5 may 09 — OK first signal I spotted today 06:21 BST eur/usd. I am based in UK, so please from now on assume BST for all my timings. Also note eur/Jpy and Gbp/usd are very similar
Keep it Simple Stupid (KISS) Method
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psgm replied May 5, 2009What I am looking for — AndsX, the patterns I am looking for are "extreme" moves in the candles. They may appear near the edge of the Bollinger Bands - and these will tend to be the strongest, but can appear anywhere. There are patterns that ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 4, 2009Any timeframe — Interesting (well for me it is!) Just thought I would upload a 1Hr chart to show that it should be as effective on the 1hr chart just as much as the 1min chart. One of the drawbacks is that you have to monitor price action ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 4, 2009Simple Indicator — Interesting indicator - do you have the file?? Looks similar to ind-gg I downloaded a while back
Keep it Simple Stupid (KISS) Method
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psgm replied May 4, 2009Good point! no system is 100% prefect!!!! 8-) If it were, I could sell it for a fortune!!! Just one thing people, I've been saying look for OBVIOUS trades. Could someone else out there please either agree or disagree that the signals I have ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 4, 2009Cannot Argue with you!!! — Turveyd, just quickly "Backtesting" - i.e scanning through old charts!! using 3ema, 5sma as you suggested, and there is no doubt you are going to pick up lots of pips! Therefore, my system will possibly pick up ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 4, 2009Potential Entry points — OK, Just to try and clarify what I mean by OBVIOUS, I have attached a screenshot with what I consider OBVIOUS moves. As you can see not all of them are particularly large moves (after all this is a screenshot of 9.30 ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 2, 2009Screenshots — OK people, Not bad for a first day of a thread!! Lot of helpful comments. Just an update on the last attachment I posted - I stated 2 potential trades and Turveyd rightly pointed out that the second could have been a retracement. ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 1, 2009Fair enough Melpheos - clearly you are having difficulty with me for some reason over this system. Clearly it is not for you and I wish you well in your trading. As for "dream trading", today I didn't trade no - I was trying to pass on my thoughts ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 1, 2009Hi all, Glad this thread seems to be of use to some people! With regards to hindsight trades - if you pay close attention to example 3, 4 and 5, they were taken from LIVE TRADE screenshots! pic 3 was the point where I would have entered the trade. ...
Keep it Simple Stupid (KISS) Method
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psgm replied May 1, 2009TurveyD Just downloaded your template on MT4, and the amount of EMAs on there is confusing me to the extreme!!! Perhaps you could put a screenshot with the key points highlighted (i.e. where exactly your entries and exits would be. I presume you ...
Keep it Simple Stupid (KISS) Method