Forex simple as it is !

Gentlemen!

That would be my first post at F..F...com. For a few months I've been searchnig for info's, systems, strategies here - like I guess everyone here did - and lost some money trading with various indicators. Some of them were better, some worse.

During my searches here, i did not find what I was looking for.
I was looking for the answer: "If I am not stupid, and loose trading - then who is on <<the other side>> ?? a genius or who??"

My own thesis: "No - a person who maybe doesn't even know what is, or how works SMA
A person that is not trying to answer what is gonna happen, but what is happening"

Having this on my mind, I've removed all the indicators from my chart. Now I'm testing, and testing, and testing (not demo - trading) and I'm telling You - result is quite interesting.

I'll post more, but for now: few clues, that made my trading better.

1. No indicators - only japanese candles
2. Not too high leverage
3. Trading many currencies
4. And the most important "Last candle is the worst candle"

To be fair - I did not leave all the indicators - sometimes use my favourite Bollinger bands - but very rarely.

Will come back soon.

Take care - and don't loose too much

B.Regards
MK

Trading live without a plan is like driving blind.

Just a fair warning.

Don't get me wrong.
It's not trading without plan. That stage I have already behind me.
This trading - is simple rule trading.
It has signals - but no indicators signals.
I've just realized, that looking at the last (forming) candle often gives me bad signal. I'm looking (counting from the newest as 1) on second, third, and fourth candle. In I guess 80% situations it is quite enough.
Simple rules.
What's more - I treat every trend as rising trend or falling trend - no other. Trading many currencies I see that no other trend definition is needed.

And I would forget. I trade 1d chart.

Will write more soon.
Take care boys.

BRegards
MK

Am I missing something, or is there no defined system here at all?

Marco, there are some good systems here in this forum, look at them, learn from them, tailor them to suit your own style, and don't trade with real money until you're 100% SURE you're going to make money.

>I was looking for the answer: "If I am not stupid, and loose trading - then who is on <<the other side>> ?? a genius or who??"

Man, it's not about intelligence, it's about probability and discipline.

>A person that is not trying to answer what is gonna happen

I would say, "a person who really doesn't care what's going to happen", because they know their system works if they follow the rules. (This is really important....They have a system, and it has rules....maybe not indicators, but rules)

>Take care - and don't loose too much

Whooo!! I've been where you are feller, and you need to take a break from this stuff...The problem is in you're head, not your chart! Read "Trading in the zone", and take care, oh and don't trade again until your goal is a little more positive than trying not to loose too much!

Good pips to ya,
dbfm.

This is a good question to ask when considering a trade. All that occurs in the market is a transfer of account balances from amateurs who don't know what they're doing to professionals who do know what they are doing. The easiest way to come up with a winning strategy is to find an impulsive newbie loser who buys when everyone else has already bought and sells when everyone else has sold. The newb takes the other side of the trades that the market movers are making as they move the market in the other direction. So, asking yourself - who is likely to be on the other side of this trade? - is a good question to ask.
You might want to check out some of Sam Seiden's material if you like this approach. Thinking in terms of order flow is never a bad thing.

Lol I always wonder why most people consider a high levearge as something bad. Seems like they don't understand what leverage means.