I want the simplist trading system
I started a few years a go with 30 tools on my chart. - one chart
but Ihave found the less tools & the more charts
the better I find I do
I have been playing around with a idea this week
it is so simply there must be a problem but I don't see it
-I Would like fed back
set -up
charts
a. day,
b. 3 or 4 hour
c. 30min
tools
EMAs 5 and 8 closed
macd 12 26 9
rules
1. day chart
a. look to trade when macd & 5/8 have crossed the same way
b. look to close or not trade when 5/8 crosses the opp. way
2.3-4 hour chart
same rules
3. 30min chart
same rules
that simple
40 pip sl if I cannot be there
becareful around news times
day chart
Blue line is then the 5/8 cross & the macd is moving up
so we can look to trade up only.
move the 3-4 hour chart
the Blue arrows are 5/8 & macd are moving the way
& so they are the same way as the day chart
The "X"s are the 5/8s crossed down
so we stay out of the market
if we had a trade on we would close them
move 30min chart
hands up means the 5/8 & the macd are in agreement on this chart
& so they are on all three charts
hands down means 5/8 crossed against us - we close the trade
that is very simple any thoughts
I started a few years a go with 30 tools on my chart. - one chart
but Ihave found the less tools & the more charts
the better I find I do
I have been playing around with a idea this week
it is so simply there must be a problem but I don't see it
-I Would like fed back
set -up
charts
a. day,
b. 3 or 4 hour
c. 30min
tools
EMAs 5 and 8 closed
macd 12 26 9
rules
1. day chart
a. look to trade when macd & 5/8 have crossed the same way
b. look to close or not trade when 5/8 crosses the opp. way
2.3-4 hour chart
same rules
3. 30min chart
same rules
that simple
40 pip sl if I cannot be there
becareful around news times
day chart
Attached Image
Blue line is then the 5/8 cross & the macd is moving up
so we can look to trade up only.
move the 3-4 hour chart
Attached Image
the Blue arrows are 5/8 & macd are moving the way
& so they are the same way as the day chart
The "X"s are the 5/8s crossed down
so we stay out of the market
if we had a trade on we would close them
move 30min chart
Attached Image
hands up means the 5/8 & the macd are in agreement on this chart
& so they are on all three charts
hands down means 5/8 crossed against us - we close the trade
that is very simple any thoughts