Thread: A really simple Trading Strategy

Originally Posted by ;

Hi, thank you for sharing.

Hi farang, no problem. Thank you for taking time in replying. I hope I can be of some aid directing aspiring traders about the right thought process.

Hi Seeley, Honestly speaking, I hope in your thread. I am new to FX trading and I just started to study how trade FX. Based on your explanation earlier, you're saying... If it is 4 pips or more away sit on your hands until it is 1 pip or touching. If you don't receive the transaction you wait. You can't trade all of them. Let price come to you.... I do not know what you meaned from that. Can you pls give example chart and detail. Many Thx.

Originally Posted by ;

Hello, Honestly speaking, I hope on your own thread. I'm new to FX trading and I just started to study how trade FX. According to your explanation earlier, you were saying... When it's 4 pips or more away sit on your hands until it's 1 pip or touching. If you do not receive the trade you wait. You can't exchange all of them. Let price come to you.... I don't understand what you meaned by that. Could you pls give example chart and detail. Many Thx.

Thanks for your query and answer. I will post a chart as soon as I can.
What I mean is, you can't exchange every setup each time and there might be cases where you're possibly over exposing your risk by trading related currency pairs.

You wait for price to come to your entry at the first touch of the 21 ma as it is the principle for entry on this specific methodology.

I hope that helps?

Please ask anything else if you're unsure.

I enjoy your egy. Simple and stress free. Can you examine this chart?

When it is traded from the loion where it first touches 50 MA, there are a few such powerful results.

Originally Posted by ;

quote Easy when looking back and moves already happened... But as I see on your chart there's a real setup growing, am I correct? So I assume, according to your rules, we ought to only open a SELL now!? (price only touched 50 EMA). What about departure? Fixed pips ?

True monitoring, yes, it's sell now, but I believe there has to be a space. In eurusd there is no space right now.

Exit depends. I believe at least between 100-200 pips, stop 50 pips, breakeven when 50 pips

Originally Posted by ;

quote true observation, yes, it is sell today, but I believe there has to be a space. At eurusd there is no space right now. Exit depends. I believe at least between 100-200 pips, cease 50 pips, breakeven when 50 pips image

....And in line with the OP you want the 21 MA to enter...

We do not require simplicity. We need a consistently profitable egy. Complexity is immaterial.

Originally Posted by ;

I enjoy your egy. Worry and simple free. Can you analyze this chart? When it is traded from the loion where it touches 50 MA, there are some such successful results. image

Thanks for answer the best ma. Yes looking in the chart it is effective from the 50ma. You should back !

I will adding to my egy farther in this thread as I have only covered touched and entry on Trend v Ranging

I will be following up with risk and transaction management along with multiple time frame analysis.

Originally Posted by ;

We do not require simplicity. We need a consistently profitable egy. Complexity is irrelevant.

That has some truth to it dokopy. I am aware there's not a consistently profitable egy that exists. There maybe some who are 60%-70% profitable but they are very rare or they have too small reward for risk and won't endure over the years. Some tendency after egies are just right 30 percent of the time but make money over the Long Run

Originally Posted by ;

Thank you for your egy. Does this mean you waiting for a short entry on USDCAD?

Can you take the USDCAD trade?