KISS Method - Thoughts
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Thread: KISS Method - Thoughts

  1. #1
    I've been using a straightforward technical method to trade all major pairs. I call it the KISS (Keep-It-Simple-Stupid) Method.

    5 - EMA, close
    13 - EMA, close
    62 - EMA, close
    RSI - Stage 14, shut
    Trend-lines using TF 30, H1, H4, W1

    Buy
    5 over 13, 13 over 62, candles bouncing from service, RSI over 60.

    Sell
    62 over 13, 13 above 5, candles bouncing from resistance, RSI below 40.

    Stops
    Always, but I shift them to shield profits.

    Currency Pair
    All majors but I favor GBP/USD

    Risk Indior
    1:3

    Money Management
    No greater than 2% of funds on one trade

  2. #2
    Quote Originally Posted by ;
    With all due respect, inside bar is more straightforward and more profitable, IMHO.

    Please can you describe how you exchange the IB breakout about the hour chart?
    What is the SL and TP? Thank you

  3. #3
    Quote Originally Posted by ;
    Please can you describe how you trade the IB breakout on the hour chart?
    What is the SL and TP? Thank you
    You enter the trade in the line.

    SL? TP? Nothing set in stone. SL - If trade isn't going your way, depart. You may always enter again. TP - sometimes all you can take is a bit, sometimes you may have a lot.

  4. #4
    Notice where it says market. At this point, I closed my long position and entered a short position. I've since closed all positons and grossed a little over $1400 on the short position. I entered this afternoon and exited about 2mins ago. I love the FX market! It took me about 5mins of studying charts and setting myself up...



  5. #5
    Looks like a fantastic trade method

  6. #6
    How many transactions do you make daily with this system?

  7. #7
    Quote Originally Posted by ;
    With all due respect, interior bar is simpler and more profitable, IMHO.

    awww someone is hijacking this thread!

  8. #8
    Quote Originally Posted by ;
    looks like a great trade egy
    It is a simple but profitable system.

    J

  9. #9
    Quote Originally Posted by ;
    How many transactions do you make daily with this particular system?
    Depends.... Sometimes I will go a week prior to getting to a trade or exiting. Other times, I'll enter/exit at least twice in a day. I see all majors but favor gbp/usd.

    Either way, no hurry on my end. The transactions will come.

    J

  10. #10
    I believed, I would provide you one final snap shot. A lot of things are currently going on in this chart. You might observe that my service trend-line was broken by gbp/usd. That's okay - I am watching to get a new setup. I am keeping my attention on the RSI and also the 3 ema's. It might be a waiting game prior to entering into a position. That's okay - I don't want to be rushed (I am also watching several other pairs using different systems). Notice the graph below. It is the identical graph as above but with additional remarks. Nothing is hidden. Attempt to examine the chart, trend-lines, ema's, the RSI. You will observe that items are very consistant. At least to me. Finally - commerce a system that works for you. This one floats my boat....

    PM me if you would like to swap thoughts or discuss your ideas. Positive or negative. . .it's all fun.

    Cheers
    J


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