T Kimble's system at Nobullshit Network Forum

levaz · 11-07-2007, 06:07 AM

I saw this on Forex Factory several months ago, and I really liked it for its simplicity.

Quote:

Originally Posted by TKimble

Here is my trading strategy which is great for people who work full time but want to build a very lucrative part time trading addiction into full time profession from the comforts of their job:

1. 30 Min chart

2. 5 Period SMA

3. 45 RSI

4. 21 Average True Range (This is a volatility metrics to help determine lot size)

5. Use a 50 PIP stop.

Very simple. Long when the price exceeds the SMA by 5 PIPS for the first time and the RSI is greater than 50. Short when the price fall below the SMA by 5 pips for the first time and the RSI is less than 50. My target for this system is always 200 PIPs.

The ATR is used to determine lot size. There is a formula which I will share with you later. Lot size or Money Management is by far the most important concept to trading.

I only trade the GBP/UDS pair because I love the trends and volatility. This system is 100% mechanical and must be followed blindly.

I hate fundamentals (which I refer to as funny-mentals) because it leaves too much to the imagination and emotions. I am a pure technical devotee and would not know how to change.

I have used it successfully in the past. Once the required parameters are met, sit and collect.

Good luck

Levaz

**Jude** · 11-07-2007, 04:31 PM

Sit and collect? How long have you been using this Levaz? Thanks for sharing btw.

levaz · 11-07-2007, 11:16 PM

I found out about this method early in March 2007. Used it quite successfully for the three moths or so that I applied the technique. Lots of patience required until both the signals to meet the criteria in order to make the trade. But when it does come through, you do get the 200 pips and more as claimed.

I have since found a much better paying yet laid back system that works just as well. I have only recently as of Nov 1 started using this second system in live trading. Prior to that I have used in a demo account, following His live trades closely, and WOW! Only one drawback, he recommends not trading unless you have at least 150K - 250K. Any less than that, you have to work too hard with rip off brokers that literally have it in for you at every step of the way.

Lot less stress, no indicators, no hours of screen watching, no news, just plain and simple trending. I like the name too - K I S S - Keep It Short & Simple.

I will post a copy here shortly.

Levaz

**allinvain** · 11-08-2007, 03:29 AM

well if you say your system is 100% mechanical then I sure would like to have an EA coded to use this system

levaz · 11-08-2007, 01:44 PM

Quote:

Originally Posted by allinvain

well if you say your system is 100% mechanical then I sure would like to have an EA coded to use this system

Just a correction, it is not my system - I wish!!
It is an old school method of making money.
Simply follow the money, The market makers wield the power, let them do the work.
We simply ride the wave that they create.

dekac · 02-02-2008, 10:00 PM

Hi

How much pips thats system make per week...