Make Trading simple!

In fairness to ZazenBoy , the thread originator Pastor K did suggest running FX at the timeframes ZazenBoy is attempting. Zazenboy is documenting empirically his findings. Possibly uploading an excessive amount, but he is thorough, and someone in the future may find this thoroughness of assistance.
I ran the numbers myself on FX and would not use the system as presented on Spot.

Hey everyone: Thank you all for posting on this thread. In my years of trading I do take certain things for granted. The best thing that helped me become profitable was screen time. Back when I started there was no Youtube or video's online to watch and learn from. But we read a lot of books took the idea's and traded. There were no demo or sim accounts to practice on. So we traded really small until we could start making good trades.

That was one of the attractions to currencies in the late 90's and 00's. You could get started for a small amount of money. The laws have changed and margin requirements changed in 08 in the states.

But l learning when to trade is just as important as the entries and exits. If I traded FX I would start at the London open and maybe watch for the next 5-6 hours. Out side of that I would be very careful entering trades outside of that time frame. Simply not enough P/A to risk a trade.

There are plenty of times when I have to sit and wait for the ES or NQ to breakout one way or the other. And some days P/A is just awful So I do not trade at all. Monday (11/06/23) was like that.

So market structure always trumps indicators. To learn that just takes practice. Support and Resistance is vital to your success.

ZazenBoy is actually doing really well for just learning. Very close to being consistently profitable.

Sorry for being out of touch. I was under the weather this last week and only traded on Friday.

blessings!!

Some of the trades from Friday. Not the best PA on Friday really.

This is a screen shot my trading computer. Pretty basic.

This is more making trading complex not easy and why?
See here and get the clue...

Dear Pastor K,

Thank you very much for sharing your truly useful knowledge and methodologies. I am new to trading and would like to ask a couple of questions if it's convenient for you.

1. I heard Pattern Day Trader (PDT) rule which restricts your trading numbers (how many times to trade) unless you have above USD25000$ in your account. I live in central Asia (will be trading from there), not US citizen. Is this rule applicable to me? or it is applicable to only US based traders? My account is far below the 25000$ and i will be using Ninja-Trader.
2. You said you only trade in the frame of Market structure - support & resistance etc. Where do you draw your market structure - trends, sup & resistances? how do you locate/position them along with your entry chart? are you able to provide us with your market structure chart?
3. What are your main TWO indicators? you mentioned MACD but the charts you shared mostly don't have MACD. And you use Bollinger Bands, what do you watch from BB?

Really appreciate you sharing again and hope to hear from you.

Kind Regards,
BB

This is my main trading screen. it is 1500 ticks then 610 ticks and then 233 ticks. This what I use for the ES. the PDT rule doesn't apply to these markets. My main two would be CCI and Stoch-RSI. I trade with the 1500 tick chart. That determines the trend or lack of one. But I enter on the 610 or the 233 usually. multiple time frames have been around a long time. I found they work pretty good for me. If I can not get many trades off of the system them usually it was not a great day for PA. And if we made money it was not a lot.

I also have charts on the other two screens. I keep a 2 min chart up on the screen on the right (in the pic posted). I get my Support and resistance levels there. Then, what kind of day is it. Not every day is the same. Today everyone is waiting on the news for CPI and PPI coming out Tuesday and Weds. So the market was slowing down and the day went on.

But basically when the 1500 is up lets say. Then we look for weakness on the shorter term charts. if they start to get stronger again in the direction of the 1500 might be a good time to enter.

On any of my indicators. CCI, RSI, Stoch-RSI or Macd. I only look at the zero or 50 level line. Above is long and below is short. I have a 14 EMA in the CCI and Stoch-RSI that for me just measures momentum. If the Stoch-RSI is below 0.5 but the CCI is above zero then I do not enter. That trade will go no where until they agree.

If you look through some of the older posts you see some with the Macd. I do not use the 12/26/9 settings. I use 4/26/7. The two EMA's on the candles are 4 and 26. when they cross each other, the Macd is crossing above or below the zero line at the same time.

This is my 233 tick chart from today with the Macd. All my setting are on the charts. So if it is something you like it is easy to put on any chart and practice.

same 233 chart but using RSI set at 8/15 then the Stoch-RSI set at 25 and then a longer RSI set at 20/15

MY 610 tick chart using RSI and SToch-RSI and then a longer RSI

MY long term 1500 chart

My 610 chart CCI and Stoch-RSI and RSI. I follow the CCI and stoch-RSI the closest working with the 1500 chart.

my 1500 with the CCI and Stoch-RSI and RSI. the anchor chart. I over lay these as I posted earlier and watch the CCI and Stoch-RSI the closest. Just takes a little practice. What I have found that works for me. Have been trading this basic system since 1997. I do try other stuff that I see online or read about. And some of them work also. Just not any better than what I have going. Only speaking for myself. We all have our own style we like to trade. Have to make your own.

I have three monitors. So they all have charts on them. Most people post screen shots of their charts which do not really give enough information. There is not context to compare it to. So I like to post the whole chart so you can see the time, and settings of the indicators what is being trades. Most traders do really show what they have on their other monitors. But they have em and use them along with what you see some thread.

If you like what you see try it and practice to see how it works for you. If you don't like it. No need to comment. Just keep it moving. Most of the really critical people do not have a better solution. They are just time wasters. So I will not waste my time. I will just ignore you.

Everyone have a great day tomorrow. I will not be trading. Have church stuff to do all day.

So happy trading!!

This is a screen shot of the Monitor on the left (in pic posted above). This how my three RSI, Stoch-RSI charts look on the same monitor. left to right 1500, 610 and then 233.

Thank you very much Mr K. Appreciate what you sharing. I am just about to start your trading methods (i have almost 0 trading experience except buying/selling some stocks/shares previously without any analysis). Do you do fundamental analysis (news etc)? if so how much ? and how much it affects your technical analysis ?

Hey BBman. I do keep track of the News Calendar. So on FOMC days I usually do not even trade at all. Just because you never know what the Fed may say in the statement or the presser. If there is news I usually stop trading maybe 10 minutes before and do not bother until about 10 minutes after. especially around 8am my time there is news some times. Also lately import to watch when the bond market is having an auction. Lately Equities have been really reacting the bond auctions as they are selling record amounts of bonds and have a hard time finding buyers.

But mostly I try to be in the moment. What is PA a doing now? not an hour from now. Do buy sell or do noting. It is hard to stay in that mind frame. My trades are very short and I only take 4-6 ticks profit on average. That is what works for me.

There is a lot of info out there on This stuff. So read and watch a way. I did not reinvent the wheel. Just adapted it to my style is all.

Ok thank you again. Hope I will come up with many questions when I start trading your methods .

The first hour of trading today. +32 ticks. 7 winners and 2 Break even trades.

Thanks Mr K. Did you make your entry on this 610tick chart or 233 tick chart?