Forex trading strategy #8 (Teodosi's simple system)

I Tested this strategy and results are very good. I got One or Two trading opportunities per day.

Hello Theodosius and Eward,
you are phenomenal. Yesterday I applied the technique and now I have about 170 pips and still trading, I wanted to know if my entry was just, you were a red candle on the night at 17, oo about Italian hours.

Hello Edward,
Many thanks to you and to Teodosi. I've been using this strategy as is since January 2009 almost exclusively, besides another one giving me small intraday pips and more excitement throughout the day, as by nature trading is boring. :). Although I peeked all comments, with due respect, I ignored all "technical" contributions. I've been extremely religious to follow the original plan, money management rules and I've compounded prudently. I remember I started initially with 0.3 lots and now trading with 8 lots. I have not tried to pick tops and bottoms, just my target. I can proudly say that I managed to build a fair wealth and a very generous monthly income on this.

What I want to say is that my strict follow of what I have decided, though very difficult at the beginning, has been of much more importance than the strategy itself.

Your site is full of wonderful strategies from yourself and from many brilliant and sharing brains. I strongly believe any of them works as long as one does the homework with due care and then absolutely follows what his/her plan says. No exceptions.

May Allah bless you, your team and everybody selflessly sharing here.

My best wishes,
Hasan

It's Hasan again,
I forgot to ask your permission, if I may, to share a period of my live trading results here for a relatively long-enough period. My intention is that people do not necessarily seek for the holy grail which is right 100% of the time, but give some effort to turn a sound strategy into their own holy grail. After all, this thing goes either up or down, right? Use the disciplinary tools and the odds are on your side. Learn the behaviour of price in general and for your beloved pair(s) separately, learn all the technics in order to ignore later. Do not confuse yourselves very much. Be disciplined and then be disciplined again.

Thank you Edward again.
Hasan

I find it very frustrating that the chart displayed by Teodosi fails to follow his own rules...there are trades not taken that should be and trades taken that should not be if the rules are followed strictly, when we make adjustments with hindsight and strategy can look awesome.
S

Dear Edward,

I tested "Forex trading strategy #8 (Teodosi's simple system)" and 90% of trades are profitable.
But still i have a problem with this strategy, what is the S/L and T/P in pips for this strategy (1H charts).

Also I'm going to be a full time trader, If you have a good strategy than Teodosi's one, please send it to me.

I attached my trading result with Teodosi's simple system.

Thank you,

Udaya Arunakantha,
Sri Lanka.

Udaya Arunakantha, i will advice you stick to the pattern u use in growing your 5000 to 10055.28. am thrilled can u add me on facebook so we can discuss this is my email krisorums@yahoo.com my facebook ID is Orumgbe Christian Ehikwe.

-> If I have strong up trend and my Stoch and RSI are overbought, and we have
down trend candle (black candle) close at the middle of the last
(in this case white one) I enter my trade.

->In my point of view, the pattern should ideally cover not only the last, but the middle of previous candle as well - Bullish or Bearish Kicker.
Yes you lose few pipps, but its far more accurate.
Thanks for sharing!