Re: Simple Trading System
212Nicely done my friend.kevs1963 wrote: Fri May 15, 2026 11:35 pm Two nice results here, Small 19 pip trade followed up with 82 pips.
I see you went for 50% target.
Good to see you're not greedy and you're taking good safe entries as well.
Well done !
God bless.
As you get older 3 things happen. The first is your memory goes, and I can't remember the other two.
Re: Simple Trading System
213Hello traders.
My good man Cagliostro has sent me a message the other day that got me thinking.
He asked if it would be OK to try and improve the system.
That is absolutely fine by me, but it got me to step back and look at it a bit deeper.
Even though the system is very simple and it works fine for me, obviously it is not the same for everyone else.
If people think it needs improving then it appears it is not simple enough I guess.
So, I've started simplifying the system. Once I'm done with testing the system, I will present the new system here .
You will get all the indies and the template so we will all be looking at the same picture.
I've noticed traders are getting confused by CCI .
CCI will be the first thing that I'll cut out of the system.
The idea is to make entries as simple and as clear to understand as possible.
That way everyone using the system, when trading the same pair will enter pretty much at the same price.
Exits will of course be up to the each one of us as we all have different appetites, but entries will be spot on the same.
So my dear friends, hold onto your pants and be patient.
Thank you all and God bless all of you.
My good man Cagliostro has sent me a message the other day that got me thinking.
He asked if it would be OK to try and improve the system.
That is absolutely fine by me, but it got me to step back and look at it a bit deeper.
Even though the system is very simple and it works fine for me, obviously it is not the same for everyone else.
If people think it needs improving then it appears it is not simple enough I guess.
So, I've started simplifying the system. Once I'm done with testing the system, I will present the new system here .
You will get all the indies and the template so we will all be looking at the same picture.
I've noticed traders are getting confused by CCI .
CCI will be the first thing that I'll cut out of the system.
The idea is to make entries as simple and as clear to understand as possible.
That way everyone using the system, when trading the same pair will enter pretty much at the same price.
Exits will of course be up to the each one of us as we all have different appetites, but entries will be spot on the same.
So my dear friends, hold onto your pants and be patient.
Thank you all and God bless all of you.
- These users thanked the author firesword for the post (total 8):
- ramsdac, Topguy7, mrWowka, forexjoe85, ricosuaveiii, Abdi, saoco, Cagliostro
As you get older 3 things happen. The first is your memory goes, and I can't remember the other two.
Re: Simple Trading System
214
Thank you for sharing your system firesword.
A word of caution for those who divide their monitor screen to observe multiple charts when using this system: the CCI reading changes as the chart width changes. The following images show the same chart, first observed at half the width and the second at full screen width. Notice where the CCI is at in both cases.
A word of caution for those who divide their monitor screen to observe multiple charts when using this system: the CCI reading changes as the chart width changes. The following images show the same chart, first observed at half the width and the second at full screen width. Notice where the CCI is at in both cases.
Re: Simple Trading System
215
The previous post describes exactly why CCI is getting the cut from upcoming simplified Simple System.
Traders are paying way too much attention
to what CCI did in the past.
God bless.
As you get older 3 things happen. The first is your memory goes, and I can't remember the other two.
Re: Simple Trading System
216firesword, the current setup, including the Commodity Channel Index (CCI), provides a solid foundation and can be effective if the rules are slightly reformulated at your discretion. To elaborate, I suggest implementing a requirement that if the high or low of the previous two weeks is breached, even by a minimal amount, the currency pair should be excluded from trading until the week concludes. In two of your three losses referenced in posts #48 and #133, the price surpassed the extremes of the previous two weeks before your entry. The third loss, as noted in post #66, resulted from a premature entry, since the actual lower zone was significantly lower than depicted in the image, and thus does not reflect a flaw in the system. With this essential precondition, trades can proceed as usual, but without considering whether the CCI reaches the levels of 5 or 95.
- These users thanked the author Strategist for the post:
- TCT_bx
Re: Simple Trading System
217Hello Strategist.
Thank you for your post.
I understand your view on trading a pair that has breached previous 2 weeks high/low.
I stated in one of my posts that it is OK to move the zone according to current high/low of the week.
The reason for that is that once the weekly high/ low gets broken the market likes to come back ,
from 50 to 100 pips or more depending on the pair.
I am currently working on the way to remedy those wrong entries ,mostly caused by CCI readings.
CCI will be no more, I can guarantee that. Zigzag will be the main leading indicator I am going to implement into the system.
I will add a couple more indicators to help with Zigzag's updating nature. One of those will help us all to get into the market at the same price.
There will be no more confusion at what price to enter the market. Entries may end up being taken at different times but we all will enter at the same price.
That's it for now, I'll keep it mysterious for now. A bit of mystery to keep the interest alive
.
I will not be reinventing the wheel. In fact I will be using a very old idea that everyone seems to overlook.
Another thing before I forget; yes, you will have occasional losses, that I can guarantee
.
Stay well and happy my friend.
God bless.
Thank you for your post.
I understand your view on trading a pair that has breached previous 2 weeks high/low.
I stated in one of my posts that it is OK to move the zone according to current high/low of the week.
The reason for that is that once the weekly high/ low gets broken the market likes to come back ,
from 50 to 100 pips or more depending on the pair.
I am currently working on the way to remedy those wrong entries ,mostly caused by CCI readings.
CCI will be no more, I can guarantee that. Zigzag will be the main leading indicator I am going to implement into the system.
I will add a couple more indicators to help with Zigzag's updating nature. One of those will help us all to get into the market at the same price.
There will be no more confusion at what price to enter the market. Entries may end up being taken at different times but we all will enter at the same price.
That's it for now, I'll keep it mysterious for now. A bit of mystery to keep the interest alive
.I will not be reinventing the wheel. In fact I will be using a very old idea that everyone seems to overlook.
Another thing before I forget; yes, you will have occasional losses, that I can guarantee
.Stay well and happy my friend.
God bless.
- These users thanked the author firesword for the post (total 6):
- TCT_bx, Strategist, Topguy7, kudrpenk, ricosuaveiii, Knight
As you get older 3 things happen. The first is your memory goes, and I can't remember the other two.
Re: Simple Trading System
218firesword wrote: Tue May 19, 2026 11:11 am Hello Strategist.
Thank you for your post.
I understand your view on trading a pair that has breached previous 2 weeks high/low.
I stated in one of my posts that it is OK to move the zone according to current high/low of the week.
The reason for that is that once the weekly high/ low gets broken the market likes to come back ,
from 50 to 100 pips or more depending on the pair.
I am currently working on the way to remedy those wrong entries ,mostly caused by CCI readings.
CCI will be no more, I can guarantee that. Zigzag will be the main leading indicator I am going to implement into the system.
I will add a couple more indicators to help with Zigzag's updating nature. One of those will help us all to get into the market at the same price.
There will be no more confusion at what price to enter the market. Entries may end up being taken at different times but we all will enter at the same price.
That's it for now, I'll keep it mysterious for now. A bit of mystery to keep the interest alive
I will not be reinventing the wheel. In fact I will be using a very old idea that everyone seems to overlook.
Another thing before I forget; yes, you will have occasional losses, that I can guarantee
Stay well and happy my friend.
God bless.
The weekly high and low are an integral part of my trading system at the moment, I honestly cannot wait to see your simplification and your update.
Re: Simple Trading System
219Hello traders.
I am currently testing the system using Automatic Fib retracements indicator.
This will automatically draw the Gann levels , of course, once we change the values.
The only difference and maybe the benefit is that it sometimes picks the lowest low and highest high of up to the past 3 weeks.
That seems to be fine as most of the time those highs/lows are from the past 2 weeks .
Unfortunately, it will take a while before I present you with the new edition of the system.
Stay tuned.
God bless.
I am currently testing the system using Automatic Fib retracements indicator.
This will automatically draw the Gann levels , of course, once we change the values.
The only difference and maybe the benefit is that it sometimes picks the lowest low and highest high of up to the past 3 weeks.
That seems to be fine as most of the time those highs/lows are from the past 2 weeks .
Unfortunately, it will take a while before I present you with the new edition of the system.
Stay tuned.
God bless.
- These users thanked the author firesword for the post (total 7):
- mrWowka, LIKE, Abdi, ricosuaveiii, Knight, Cagliostro, kudrpenk
As you get older 3 things happen. The first is your memory goes, and I can't remember the other two.
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