@VEEFX -- I have a newbie question. I don't have your trading experience, so, I hope you don't mind.
Before getting to my question, let me preface it with a few comments so you'll better understand where I'm coming from...
1. I've read some of your other posts where you sort of describe your system. I'm a pretty technical guy, but when I read what you are attempting to accomplish it makes my head hurt.
2. We've both read posts where people complain about conspiracies and market manipulation. I don't really buy into that -- but even if I did, I don't think it matters much. I mean, I wish everything were fair and just in the world, but knowing that it isn't usually doesn't prevent me from carrying on.
3. I'll grant you that most traders are not profitable -- but a number are. And many who are profitable use relatively simple systems -- i.e. few if any indicators. They've learned to scan a chart, pick out highlights, and consummate trades in their favor. I prefer algorithmic trading -- and my own experience has demonstrated that, too, can be profitable. The point of this comment is that simple CAN work -- in other words, it is not carved in stone that only complex systems work in forex.
Now -- to my question. At what point in your trading career did you decide that in order to be successful it required a complex system? In other words, what was the key event or observation (if there was a key event) that convinced you the best way to approach trading was to create a complex and elaborate system. BTW -- this isn't intended to be critical or negative. I am definitely a KISS-type of problem solver and I am really curious to learn and understand another perspective.
Thanks...
Before getting to my question, let me preface it with a few comments so you'll better understand where I'm coming from...
1. I've read some of your other posts where you sort of describe your system. I'm a pretty technical guy, but when I read what you are attempting to accomplish it makes my head hurt.
2. We've both read posts where people complain about conspiracies and market manipulation. I don't really buy into that -- but even if I did, I don't think it matters much. I mean, I wish everything were fair and just in the world, but knowing that it isn't usually doesn't prevent me from carrying on.
3. I'll grant you that most traders are not profitable -- but a number are. And many who are profitable use relatively simple systems -- i.e. few if any indicators. They've learned to scan a chart, pick out highlights, and consummate trades in their favor. I prefer algorithmic trading -- and my own experience has demonstrated that, too, can be profitable. The point of this comment is that simple CAN work -- in other words, it is not carved in stone that only complex systems work in forex.
Now -- to my question. At what point in your trading career did you decide that in order to be successful it required a complex system? In other words, what was the key event or observation (if there was a key event) that convinced you the best way to approach trading was to create a complex and elaborate system. BTW -- this isn't intended to be critical or negative. I am definitely a KISS-type of problem solver and I am really curious to learn and understand another perspective.
Thanks...
