My guess is that it might work on any time frame. Provided that you take care of the major trend and pick currencies where there is not much noise. Pick the ones that has high volume even better when trading during the peak time.

Simplest system ever

Daily. Sometimes I look at the 4H for confirmation or optimal entry point when I have time.

Simplest system ever

I forgot my crystall ball at home.

Cable Update (GBPUSD)

Patience.

Cable Update (GBPUSD)

Perfect. Will put it on my wall. Also: "Bet your farm"

Cable Update (GBPUSD)

See I just wanted to wrap in a system a simple price action pattern... Blah whatever... You just ruining....

Simplest system ever

ATR is Average True Range. You should have it in your charting package or Metatrader. Then take the previous value (day) . Divide by 2 and substract/add to your entry point.

Simplest system ever

Basically I wanted to simplify. On the long run the 14 ATR will be about 59 pips. The reason why I am saying that. But you still can use it. Yes when SL hit reverse. And use 5 units with 4 TPs and leave the fifth till the end of the day. Regards BR

Simplest system ever

See old idea reinvented....

Simplest system ever

Good morning, BTW. This basic system is already profitable as it is so there is no need to tweak with it. Just mentioned that one has to adapt it to its taste if wanted. This is for those who cannot see whole day in front of the screen. Just setup ...

Simplest system ever

No that is right. So just keep it simple. And stick to the rules I have highlighted. By the way. Trade #1 Entry @ 1.9628 Unit 1 TP @ 9688 4 units floating

Simplest system ever

BTW We could use candlesticks, fibos, pivots, moving averages, support resistance levels, stochastics, divergence and other stuff to improve. Trading system is not equal to trading method. As I said this is just the basis it can be largely improved ...

Simplest system ever

Yep. Basically if we just use the higher low/lower low rule and nothing else. There is a 53% chanche that the day will close in our favour. I havent said anything about the daily volatility and such just that IT WILL CLOSE IN OUR FAVOUR. Also I have ...

Simplest system ever

System update — We might do not need the "close is higher than open" for the previous day. The best is to use 5 units (whatever that is) with four TPs. 60,120,180,240 pips for the TPs and leave the 5th till the end of the day. This way we can ...

Simplest system ever

I define trend in many ways. One of the simplest is take a 4H chart and zoom so you only see the last month. If price on the right side is higher then the left side then trend is up. Or you could use moving averages or simply observing that for ...

Simplest system ever

Sorry I am tired. I have made 25 trades today and cannot think anymore.

Simplest system ever

Well said. I am not english (born identity) but a patriot.... But that doesnt drive my trading. GREED AND MONEY IS. GREEED ISSS GOOOOD.ARGGGHHH

Cable Update (GBPUSD)

Great. Hope for the best. Hope you are well. I have just posted a new thread that explains the base of my day trading strategy. That said long too. For I dont know maybe 70 pips or so....

Cable Update (GBPUSD)

Basically I was shouting WHOLE DAY LONG GU LONG. No one is listening. So be it. All those who are shorting are paying for my lunch, house and new yacht,

Cable Update (GBPUSD)

But you have here a VERY interesting point. I am going to test with the yesterday's close is higher than the previous day's close!!! Thanks for that. Might change the results considerably. Will test it and post the results hopefully tomorrow.

Simplest system ever