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Keep it Simple Stupid (KISS) Method

  • #141
  • May 8, 2009 10:11am May 8, 2009 10:11am
Hi Turveyd,

Another example for your advice.
Arrow points to crossing of 3ema and 8sma. Not correct to go long cos below 20sma ( yellow line ) and 55-65 sma lines.

Will have to wait until price go above 55-65 sma. Am I correct ?


Attached Image (click to enlarge)
Click to Enlarge Name: psgm 08.05.09.(2))gif.gif Size: 36 KB
  • #142
  • May 8, 2009 11:24am May 8, 2009 11:24am
PSGM, 40miles from you in Kidderminster, I got to coventry sometimes.

The settings I'm using are in the last Templates I sent.


3EMA
8SMA
20SMA
55,60,65SMA

Horn, 2seconds editing your charts to highlight entrys.

Don't worry to much about the 8sma well the 3ema crossing it, thats just to enter on longer 20min trend moves, will find a chart to highlight it and zoom right in.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143
  • May 8, 2009 11:36am May 8, 2009 11:36am
Okay this is your period zoomed into my chart, hate those sticks your using and those Daily Pivots only work by chance really aren't worth the confusion, dump them is my advice.

When you've got a trade and it's a new and hoving around BE use :-

The 3ema crossing back over the 8sma as a sign to bail to be safe ( Maybe )
Then as the move stablishes use 3ema crossing the 20sma to give it more breathing room, then maybe even the 60, that way you can make the BIG 100pip moves when available.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144
  • May 8, 2009 11:38am May 8, 2009 11:38am
Helps if I attach the chart

Working on your chart 2 shortly.
Attached Image (click to enlarge)
Click to Enlarge Name: His Period.jpg Size: 221 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #145
  • May 8, 2009 11:42am May 8, 2009 11:42am
Quoting Horn
Hi Turveyd,

Another example for your advice.
Arrow points to crossing of 3ema and 8sma. Not correct to go long cos below 20sma ( yellow line ) and 55-65 sma lines.

Will have to wait until price go above 55-65 sma. Am I correct ?


Attachment

Correct 14:58-14:59 is the correct time to go Long on that, bothering before that still has good odds on turning down, going back under the 20sma and signalling another short entry.

Easy


Remember these things are easy to see after the event, hard to see live.

You do need to master trading to a level to avoid chop.

Also EJ trades better generally.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #146
  • May 8, 2009 11:44am May 8, 2009 11:44am
Quoting Horn
Hi Turveyd,

Another example for your advice.
Arrow points to crossing of 3ema and 8sma. Not correct to go long cos below 20sma ( yellow line ) and 55-65 sma lines.

Will have to wait until price go above 55-65 sma. Am I correct ?


Attachment
For my view, I would simply ask do YOU think it was a trade?

Personally if the rules you are using that the price is above 55,60,65, then YES you MUST wait. If you are using the 3/8 cross as your rule, then you trade then.

Whatever is the rule you choose, stick to it.

I would have traded at the earlier 3/8 cross, but TD's call has less risk
  • #147
  • May 8, 2009 11:46am May 8, 2009 11:46am
Quoting Turveyd
PSGM, 40miles from you in Kidderminster, I got to coventry sometimes.

The settings I'm using are in the last Templates I sent.


3EMA
8SMA
20SMA
55,60,65SMA

Horn, 2seconds editing your charts to highlight entrys.

Don't worry to much about the 8sma well the 3ema crossing it, thats just to enter on longer 20min trend moves, will find a chart to highlight it and zoom right in.
Just picked my lad up from Huntingdon, so have just arrived back from the A14!!!
  • #148
  • May 8, 2009 11:48am May 8, 2009 11:48am
Quoting psgm
For my view, I would simply ask do YOU think it was a trade?

Personally if the rules you are using that the price is above 55,60,65, then YES you MUST wait. If you are using the 3/8 cross as your rule, then you trade then.

Whatever is the rule you choose, stick to it.

I would have traded at the earlier 3/8 cross, but TD's call has less risk

I'd of traded on the early 3/8 before aswell, okay that time it worked out fine you got a better price, but most of the time it just kept the downtrend and slaughtered me.

Hence wait for the move over safer, not giving it back is key to me.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149
  • May 8, 2009 11:54am May 8, 2009 11:54am
Should have Monday free to post some live trade calls as I plan to demo trade it that day.

I'll take a live snapshot of the chart at the entry time ( press Prt Screen ) and likewise when I exit then you can all see if we are on the same page.

And also look for improvements, improvements are always good, says me who over complicated this system and turned it from a winner to a lose once before
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #150
  • Edited 12:14pm May 8, 2009 12:12pm | Edited 12:14pm
I'm following this thread with interest, although I will admit I do use another system which is inidicator based, and has reasonable success.

What I can't understand is whenever I've dabbled with crossover systems before, I've been chopped to death. 5/8 crosses on a 1M in the direction of the 50MA is great when it works and kills you when it doesn't. Thats been my personal experience.

So I'll be looking at this closely......

Cheers, Matt
  • #151
  • May 8, 2009 12:13pm May 8, 2009 12:13pm
Just saw some potential trades (1 that happened, the other MIGHT)
Attached Image (click to enlarge)
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  • #152
  • May 8, 2009 12:24pm May 8, 2009 12:24pm
That's why I don't just rely on the crossovers!!!

The initial thread was that you don't need indicators!

It has evolved into using a few indicators.

Certainly for me anymore indicators, will defeat the whole purpose of the thread. If it is possible to reduce the indicators needed whilst keeping the core functionality then great.

For me any indicator, must add VALUE to the trade decision.
  • #153
  • May 8, 2009 12:30pm May 8, 2009 12:30pm
Quoting Pips Queak
I'm following this thread with interest, although I will admit I do use another system which is inidicator based, and has reasonable success.

What I can't understand is whenever I've dabbled with crossover systems before, I've been chopped to death. 5/8 crosses on a 1M in the direction of the 50MA is great when it works and kills you when it doesn't. Thats been my personal experience.

So I'll be looking at this closely......

Cheers, Matt

Well yes, but :-

EJ Trends better and Chops Less.
Avoiding Choppy market times is key also.
Even taking the choppy trades for Thursday is got +394 pips or something, chop cost @150pips over the day, so acceptable kinda.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #154
  • May 8, 2009 12:32pm May 8, 2009 12:32pm
EJ Short 133.83.
Attached Image
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #155
  • May 8, 2009 12:38pm May 8, 2009 12:38pm
Bad example, dreeded chop LOL

out -15 on this 1, hey it got a +50 on the previous trade setup!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #156
  • May 8, 2009 12:43pm May 8, 2009 12:43pm
Quoting psgm
Just saw some potential trades (1 that happened, the other MIGHT)

Why are your setting still not what the plan currently is
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #157
  • Edited 1:53pm May 8, 2009 1:40pm | Edited 1:53pm
Quoting psgm
Just saw some potential trades (1 that happened, the other MIGHT)
Just a follow-up to the earlier potential trade - this is how it played out!!

It always helps if you see a pattern occuring that confirms the buy signal!!!

So the cross over between 1830 and 1845 had additional confirmation
Attached Image (click to enlarge)
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  • #158
  • May 8, 2009 1:54pm May 8, 2009 1:54pm
Well stop it your confusing me

EU and GU same time ish as I posted the EJ trade both moved as per the system +30 and +40 NICE!!!! Where as EJ chopped typical LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #159
  • May 8, 2009 2:30pm May 8, 2009 2:30pm
Turveyd your template is simply amazing. Good for 200 pips on G/U today - it caught all the big swings.

I am having good success combining this setup with S/R and it pays to keep an eye on higher time frames. It really doesn't take long to start recognizing patterns and it seems to work well on multiple pairs on other TFs.

This graph is just gorgeous:
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  • #160
  • May 8, 2009 2:31pm May 8, 2009 2:31pm
Quoting psgm
That's why I don't just rely on the crossovers!!!

The initial thread was that you don't need indicators!

It has evolved into using a few indicators.

Certainly for me anymore indicators, will defeat the whole purpose of the thread. If it is possible to reduce the indicators needed whilst keeping the core functionality then great.

For me any indicator, must add VALUE to the trade decision.
Yep, not knocking it at all. Just interested that it seems to be working so well. I'll always look out for pinbars, candles eating candles etc to help a trade decision but I reckon the key here is hanging on to the big winners and accepting a 60% hit rate. With my previous crossover system, it was 50-60 with a 1-1 RR. Hence I gave up.

I don't really count MA's as indicators. To me, indicators are those lagging things that sit at the bottom of your screen. Although I do use a doublewoodie with some success.

Keep the charts coming, I'll be demoing this next week when work commitments allow


cheers, Matt
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