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Re: Simple Trading System

332 by firesword
fnz wrote: Wed Jul 08, 2026 1:40 am Hi everyone, I got in a little early, but it was still a profit—the system works. Thanks!
Hello fnz.
I took the same trade and we should've both sold at the same price.
Looking at your trade, you got lucky this time.
You entered late price wise but way too early system wise.
I would suggest you to study the rules in the PDF and you'll see what I'm talking about.
However, profit is a profit 😉 just be more careful next time because you'll get burned
if you only follow arrows popping up.
If you wouldn't take a trade when zigzag line connects, why would you take a trade when
zigzag arrow pops up?
Below is my trade.
Take a look when I entered and at what price.
Use round numbers my friend.

God bless.
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WN25, fnz
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

333 by timif
firesword wrote: Mon Jul 06, 2026 5:15 pm Hello timif.

I had a feeling the arrows are gonna be a problem.
This is why I don't like relying on indicators. I tried to simplify the system but obviously indicators never simplify anything.
Traders tend to think that when arrow appears they are good to go.

Arrows are just simplified Zigzag indicator, not a signal to enter.
Zigzag updates as the price moves, it just appears as a warning that the current trend may be ending, not that it has definitely ended.
It may be right sometimes but not always. Breakout arrow updates too but less often because it usually pops up around 12.5%
to 25% of the previous 2 weeks range.

I did explain in the PDF that your main entry point is a round number once the market tests that price level and returns to it again.
You have to enter on the retest of the price not on the arrow popping up.
It doesn't matter which arrow that is big, small or a breakout arrow.

I stated that with this system patience is the main weapon. Without it you are doomed, regardless of the system you use.
Pleas read the PDF again starting from "Now let's get into the “meat” of the system" part.
Don't just read it, look at it on the charts in the past and clearly understand it.
Print out my chart samples and keep them next to you on your trading desk so you can refer to them before you open a trade.

I hope that helps.

A REQUEST TO THE CODERS FOLLOWING THIS THREAD.
Could you guys please change arrow signals for the zigzag pointer to something like this ⚠ or !
Thank you and God bless.
Got it now. Thank you, firesword😊!
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firesword

Re: Simple Trading System

337 by firesword
Hello traders.
I thought I'll explain why I haven't shorted the market at points marked 1,2 and 3.

* Point 1*
Market closed below 2.3450 but didn't return to test the price

* Point 2*
Market moves through, closes below 2.3400 but doesn't test the price again.

* Point3 *
Market doesn't touch 2.3350 but rejects the level and moves back to test 2.3400
Market tests 2.3400 but it doesn't close above but 25 pips below 2.3400.

I was watching the price for the next hour. Market pushed through and closed above 2.3400.
I was waiting ready to short if it came back to 2.3400. It didn't.
Kept going higher.
9 PM Melbourne time price goes to 2.3450 but it closes below.
At 11 PM it pushed through 2.3450 but I was in bed then so I wasn't watching.
3.30 AM, I go for my routine toilet visit and I check the chart.
Now I don't usually look at my charts at this time of night, only if I'm watching something
that I think is gonna go down quickly. And GBPNZD is a mover, we all know that!

The market pushed through 2.3500 and is pushing down to go through 2.3500.
I place a sell @2.3500
Stop in place, 250 pips TP in place and off to bed again.
8 AM the next morning. I opened my computer, it is an hour after Sydney open. I'm in the market short.
The price was only 10 pips in my favor but it was looking good.
I posted a heads up to the traders here .
That's it.

God bless.
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Abdi, fnz, ricosuaveiii
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

339 by firesword
Hello traders.

One worth watching I would say.
GBPAUD is at an interesting weekly level.
It could drop off from here BUT it also looks like an upside down head and shoulders.
Weekly H&S is a very powerful formation and one not to be ignored.
Some years ago I read a scientific paper on H&S and it stated that H&S is 80% of time correct on weekly timeframe.
Not so reliable on all the other timeframes though.
So there, it doesn't come from me but from people who actually did a paper on the thing.
So, if the market pushes through those weekly tops we have ourselves some longs cooking up and if it drops then shorts are in.

Have a nice weekend everyone and God bless.
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Topguy7, fnz, Cagliostro, ricosuaveiii
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

340 by Cagliostro
On the 4H it seems that we're going bearish to sweep that liquidity.
image_2026-07-10_151202472.png

On the weekly we've got unmitigated FVG on both sides, pretty undecided.
It'd be not a surprise if it goes down to 1.895 before going up.
image_2026-07-10_151301418.png
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Jimmy, ricosuaveiii, kudrpenk, Krunal Gajjar
"I conjure from shadows and shape fortunes from the unseen. The treasure lies hidden in plain sight, beneath the sunlight." - Cagliostro
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