I took a SHORT trade on the GBPJPY based on this system in conjunction with some price action observations I've been looking at and just closed one lot with a 100 pip gain (a very small position). I've got another one going with a longer TP ...

Three Bar Scalp Method w Probability

Interesting thread guys, I love these simple methods that take literally milliseconds to decide whether to take a trade or not. You might want to take a look at the 'SIMPLE Daily System' which can be found in the Trading Systems section of this ...

Three Bar Scalp Method w Probability

Cable is showing an interesting formation. Anyone thinking about taking it?

Simple Daily System

Ed, I got stopped out just like you on EURCAD. Saw it was moving well so I figured I'd move the stop in to 30 pips from entry, which it later hit and then bounced right down where it would have made some money for us. Definitely shows a lack of ...

Simple Daily System

Seems like a solid assessment to me, although AUD/NZD is a little 'exotic' for me. There is some important data coming out of Aus in a couple of hours which could have a large effect on that pair. I'm going to stay in the USD/CAD at least until NY ...

Simple Daily System

No wonder there is no movement with USD/CAD, there are national holidays in the US and Canada. I guess all markets will be pretty flat today on account of the reduced trading volumes.

Simple Daily System

Not convinced how well the CHF pairs work with this strategy. My results testing with these pairs have been very mixed and I'd be looking for some confluence elsewhere to confirm the impetus will carry over into a fourth day. USDCAD looks a bit more ...

Simple Daily System

Well, I got absolutely slaughtered, none of the TP's on the trades I took were hit, a couple got stopped out and a couple are still hovering in the red. Admittedly, my entries were pretty sloppy as I didn't really have time to look at the price ...

Simple Daily System

Before anyone dives in tonight, it is worth noting that it is a bank holiday in the UK, so at the very least lower volumes should be expected. It may even be worth taking a back seat with the GBP pairs. I'll check back in later and see what's up ...

Simple Daily System

Looking good for Sunday night!

Simple Daily System

Very quiet. No set ups to be seen at the moment, the markets are a bit rattled after last week which doesn't really lend itself to the simple system. Plus, I guess people have seen that it works, it's simple and there isn't much more to be said on ...

Simple Daily System

I have been away for a few days. I see there have been some good opportunities, especially those huge moves with the jpy crosses last Thursday. If you'd let it run for 24 hours, you might have picked up a few hundred pips, or if you'd placed a ...

Simple Daily System

This trade is against the trend according to my charts, but fair play for going for it. I personally took out a modest short trade on the AUD/USD, which paid off beautifully with 80 pips. I don't really like the look of anything tonight though, at ...

Simple Daily System

What is it to you what we do? If you don't see the need to refine it then your input is of little worth.

Simple Daily System

Silistar is a place in Bulgaria, I assume he was asking if that was where you went. Obviously not. I agree with Ocelot that more extensive backtesting over several years needs to be done. The 6 month test was just a preliminary test to see if the ...

Simple Daily System

Get rid of the Sunday bar (hint: look at the volume of that bar) and there is a three day formation on the AUD/USD, and it has moved 25 pips or so down so far. However, this set up looks a little weak - the length of the bars (ie difference between ...

Simple Daily System

Look at the success rate of SIMPLE so far; well in the 90+% area, 100% with most pairs in the last 6 months. How does tkimble do? The three bar setup is the foundation of the method. If you go changing it, then you're using a different method ...

Simple Daily System

Wow, I'm absolutely blown away by those AUD/USD figures. Following on from what Kev-K said about why this sort of system isn't in widespread use (that I know of), read the following excerpt from the Vegas 4h tunnel intro: See the parallels? Everyone ...

Simple Daily System

GBP/CHF results were not as good as I'd hoped, but it has taught me something important about this system. 23/2 LONG open 2.4218 close 2.4207 - 9 pip loss 22/3 LONG open 2.3792 close 2.3850 - 58 pip gain 02/4 LONG open 2.3895 close 2.4032 - 37 pip ...

Simple Daily System

See post #216. When looking at the GBPJPY, there were two 3 bar formations where the 2nd bar was a doji (open close within 2 pips). One was a winner, one was a loser. I wouldn't consider these to be A trades, because they show that there is ...

Simple Daily System