Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Trading is this Simple? Finally Explained simple and clearly! 46 replies

More easy is impossible 17 replies

long-run profits impossible with short-term trading? 39 replies

SIMPLE EA for a simple method needed!! 1 reply

Attachments: More simple is impossible
Exit Attachments

More simple is impossible

Dee50's posts collection:

Part 1,2,3
Part 4,5

Thank you Dee50 and all here!
Don't think!
Quoting Matomi
Good advice for you is read something about discretionary style trading, like Dee mentioned. Try book "Trading in the Zone" by Mark Douglas and "Trading Rules That Work" by Jason Alan Jankovsky, both enough to get you on a level you will be able to make money by trading, if you will take those golden books serious, of course
I just finished Trading in the Zone. It is interesting in that I think that a significant amount of traders just approach trading from the pattern recognition side (head and shoulders, 123, etc.), but really there are two fundamental components of trading:

1) Looking for patterns or the "edge" as he calls it (relatively easy since there are tons of books out there on patterns)
2) Having the mental control to act upon the patterns in an objective way (can be much harder since you have to unlearn the pain association, especially if you have taken large losses in the past)

The big takeaway I got from that book was to essentially get emotion out of your trading, as it can destroy you when trying to make a decision. One of my buddies a long time ago basically said that if you were worried about how a trade was going to go, then you should get out and trade a smaller size until you stop worrying. The book basically repeated that advice in more detail.
Hi all. I have some time off, so I decided to do some trading today. Ger30 +40 +8 +3 +18. Doing a lot of experimenting with settings for the oscillators that suit me best. As I said, 10 7 5 throws me off sometimes, but ultimately it is a give and take game.
Best, Josh
Attached Image (click to enlarge)
Click to Enlarge Name: Ger30 +40+8 +3 +18.PNG Size: 113 KB
Hi, all. Where do you usually place TP and SL, please? According to s/r zone, trendlines, stoch overbought/oversold...? Thank you very much.
Quoting yoko
Hi, all. Where do you usually place TP and SL, please? According to s/r zone, trendlines, stoch overbought/oversold...? Thank you very much.
Well, for me it depends on the situation. For the SL, usually the recent low/high. For TP, it depends on the situation, example if a 123 is found, 161.8 or 200% extension, looking for possible confluence with S/R, BRN.
Best, Josh
Quoting tundra
{quote} I just finished Trading in the Zone. It is interesting in that I think that a significant amount of traders just approach trading from the pattern recognition side (head and shoulders, 123, etc.), but really there are two fundamental components of trading: 1) Looking for patterns or the "edge" as he calls it (relatively easy since there are tons of books out there on patterns) 2) Having the mental control to act upon the patterns in an objective way (can be much harder since you have to unlearn the pain association, especially if you have...
I am super thrilled, you really read that book ! I printed all the principles and truths on the paper and I have it behind laptop on the wall. When I get a bigger loss or I jump into trade in no man's land, I know for 100% I broke one of principle or truth. The best about Trading in the Zone is, that Mark Douglas created all these rules in way, those are actual in every situation. It means, whatever will/is going to happen has no affect on the effectiveness of principles and truths which are wrote in the book. For me was this book breaking point in my trading performance. Also, this is the book based on which my good friend made a thousands of € by trading primitive strategy on M1 DAX chart.

Btw, I am just testing the way of trading according only to rules (principles and truths) from Trading in the Zone. I have far more losses than I had for past couple of weeks, but also I ends up every day with more pips and it is 99% mechanical style trading. I have same SL, TP and BE managing for every trade, so my head is absolutely clear, protected against any stress. Actually, it is not so different from the style I was presenting here past few weeks, I just do not wait for so much confirmation. I'll see how much I am going to like it for next 1-2 weeks, until that I am quiet here in thread .
Quoting JoshuaHope
{quote} Well, for me it depends on the situation. For the SL, usually the recent low/high. For TP, it depends on the situation, example if a 123 is found, 161.8 or 200% extension, looking for possible confluence with S/R, BRN. Best, Josh
Thanks a lot Josh. Sorry for questions. Which renko do you use, renkochart suite, or renkolivecharts pimped? What is BRN? Thanks again!
Quoting yoko
{quote} Thanks a lot Josh. Sorry for questions. Which renko do you use, renkochart suite, or renkolivecharts pimped? What is BRN? Thanks again!
I use STG renko builder, i posted a link to it, look in the paperclip in the top right corner, or search function. BRN is big round number. I recommend you read the thread from the start, it takes a bit of time but will make things clearer.
Best, Josh
Quoting JoshuaHope
{quote} I use STG renko builder, i posted a link to it, look in the paperclip in the top right corner, or search function. BRN is big round number. I recommend you read the thread from the start, it takes a bit of time but will make things clearer. Best, Josh
Josh, thank you very much for your help!
Quoting Matomi
{quote} I am super thrilled, you really read that book ! I printed all the principles and truths on the paper and I have it behind laptop on the wall. When I get a bigger loss or I jump into trade in no man's land, I know for 100% I broke one of principle or truth. The best about Trading in the Zone is, that Mark Douglas created all these rules in way, those are actual in every situation. It means, whatever will/is going to happen has no affect on the effectiveness of principles and truths which are wrote in the book....

Great Matomi,
I'm having difficulties finding a strict set of rules that I can follow in as ease peace as you say.

Hope to hear from you soon
Hi guys,

I see many of you focus on DAX and GER30 ... is there a reason why? I couldn't find the page where this transition has happened since the original thread starter is using normal currency pairs. Does this method work better on DAX and GER30?
Quoting RaysJourney
Hi guys, I see many of you focus on DAX and GER30 ... is there a reason why? I couldn't find the page where this transition has happened since the original thread starter is using normal currency pairs. Does this method work better on DAX and GER30?
DAX is Ger30. The only reason a move to it was made is because it moves more on average. Check ADR and you can see this. The trading method here, or better said trading style works on any instrument.
Best, Josh
Quoting JoshuaHope
{quote} DAX is Ger30. The only reason a move to it was made is because it moves more on average. Check ADR and you can see this. The trading method here, or better said trading style works on any instrument. Best, Josh
Thank you for the clarification Joshua! Got it
Sounds super interesting, I'm starting to trade this way, so far doing quite good

With the "simplicity" of this system, isn't possible to code an EA?
Building a Freedom All Time Return: 5,178.8%
Quoting J1mm
Sounds super interesting, I'm starting to trade this way, so far doing quite good With the "simplicity" of this system, isn't possible to code an EA?
Read the whole thread and you'll find out.
Quoting Jaquemate
Now you can add some indicators..... oscilators...... for lose money. Or you can accept that trading is so simple. Yes. In previous chart i taked 13 entries. 8 winners, 1 BE, 3 lossers. 205 net pips only in this cross and only today. With no indicators. Only daytrading. Buy sell, sell buy. Simple entries. Now imagine that yo can do in another crosses. Anyone can tell me when you take this entries only looking this HA chart?.
Looking at a chart and saying, "when would you like to take entries" is illogical because looking at a chart you know what happened.

So my question is, in the moment you are trading how do you pick your entries? What TF are you trading on? What criteria do you use to decide that the trend is going to change direction or are you simply looking at a bounce and trading the existing trend?

You posted something here to the trading system forum and yet you've given no rules as to your system or how you make entry/exit decisions.
Woohiye is a Lakota Sioux word that means success, or overcoming obstacles
Quoting Matomi
{quote} Read the whole thread and you'll find out.
No you make me curious, or you know that there is an EA and you just want to make me look for it or you don't and you just want me to lose some time xD
Building a Freedom All Time Return: 5,178.8%
Quoting J1mm
{quote} No you make me curious, or you know that there is an EA and you just want to make me look for it or you don't and you just want me to lose some time xD
If there was an EA and it was so accurate it made money for you without your having to think -would anyone be stupid enough to share it with you.
Put another way -if an EA was profitable the market would collapse and .............well - you work it out.
every Saint has a past. Every Sinner has a Future
Woohiye - with respect and given you have explained to us what your name means, if you really can't understand Jacquemate posts in the early stages of this thread then words fail me.
Quoting J1mm
{quote} No you make me curious, or you know that there is an EA and you just want to make me look for it or you don't and you just want me to lose some time xD
If there would be EA, why we are all trading manually ? When I started in this thread I was trying with my friend code EA in hundred different ways until we found out it is impossible code human brain - it took us 1 year.

The second thing - this is not thread about strategies, if you are looking for exact rules, entries, magic indicators... you are in wrong thread. That's why I suggested to you read whole thread. If you were read at least last 50 pages, you wouldn't ask it.

Quoting Woohiye
{quote} Looking at a chart and saying, "when would you like to take entries" is illogical because looking at a chart you know what happened. So my question is, in the moment you are trading how do you pick your entries? What TF are you trading on? What criteria do you use to decide that the trend is going to change direction or are you simply looking at a bounce and trading the existing trend? You posted something here to the trading system forum and yet you've given no rules as to your system or how you make entry/exit decisions.
The same case here, if you have no interest about read at least last 50 pages, do not wait help from other thread memebers.

You're looking for shortcut guys on the wrong place.
1 trader viewing now