Re: Simple Trading System
83Thanks firesword for this system. Can you please confirm if it performs better on forex pairs than on commodities and indices?
Re: Simple Trading System
84Hello Nabs.Nabs wrote: Wed Sep 03, 2025 9:09 pm Thanks firesword for this system. Can you please confirm if it performs better on forex pairs than on commodities and indices?
I trade currencies only and I can vouch for the system's validity .
Commodities and indices , that you will have to test yourself as I don't trade any other instruments.
I don't trade Gold or cryptos either.
I hope that helps.
God bless.
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Re: Simple Trading System
85EURCAD got me yesterday.
Maybe a chance for a revenge to take some of my funds back?
Maybe a chance for a revenge to take some of my funds back?
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Re: Simple Trading System
86Be careful with this one.
This week's low is some 25 pips above the lows of 5 weeks ago.
This week's low is some 25 pips above the lows of 5 weeks ago.
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Re: Simple Trading System
87I already explained what to expect even though I didn't take even one trade yet using this system. There is a logic in everything. See the weekly chart for the asset you want to trade. If the weekly bars are overlapping recently due to ranging market or consolidation, there is higher probability to expect significant reaction from the weekly boundaries. In opposite, if the weekly chart is trending, do not use this system, most likely there will be break out or break down from the 2 week limits instead of reversal. I don't see that an index in general is not trending. So, mostly use it on currency pairs (only when they don't trend).Nabs wrote: Wed Sep 03, 2025 9:09 pm Thanks firesword for this system. Can you please confirm if it performs better on forex pairs than on commodities and indices?
This is the main consideration to use this system on any given asset or not, just check the weekly chart first to see the current state of the market at HTF.
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Re: Simple Trading System
89AUDCAD setting up.
Keep an eye on it.
It did break the highs of 3 weeks back so be aware of it's tendency to move higher.
You can see the price bouncing off of 62.5% level twice last week and once this week.
Target 50% at least or be bold and go for 62.5%.
AUDCAD is not a great pip mover , so 40 -50 pips max I reckon.
Keep an eye on it.
It did break the highs of 3 weeks back so be aware of it's tendency to move higher.
You can see the price bouncing off of 62.5% level twice last week and once this week.
Target 50% at least or be bold and go for 62.5%.
AUDCAD is not a great pip mover , so 40 -50 pips max I reckon.
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Re: Simple Trading System
90Those of you that don't like taking profit at 62.5% level,
you can setup your Fib extensions tool to show you Tp 1-2-3-4- levels if you like.
The same can be done with the Fib retracement tool but then you don't have a retracement tool
that shows you retracements for the PR zones.
Your call.
you can setup your Fib extensions tool to show you Tp 1-2-3-4- levels if you like.
The same can be done with the Fib retracement tool but then you don't have a retracement tool
that shows you retracements for the PR zones.
Your call.
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