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Keep it Simple Stupid (KISS) Method

  • #361
  • May 13, 2009 6:22am May 13, 2009 6:22am
Quoting Pips Queak
With a cherry on top too?

Classic.

Although I do agree a highlight of the 2 methods on the opening post is a good idea. I think they're still quite different interpretations of looking for an entry. i.e. Candlestick patterns v mechanical MA crossover.
herein lies a conundrum. if u read this thread from the start, u will read psgm's method. then from 10 over pages onwards psgm n turveyd started 2 discuss. then turveyd shared his method n now people r asking n discussing based on turveyd's method. so i think a little clarification by psgm on his first post is appropriate. thanks
  • #362
  • May 13, 2009 6:22am May 13, 2009 6:22am
Quoting Turveyd
15sma and 40sma, Long above both, shorts below both easy Exit where ever you like.

Patence on the entry and common sense required.

I'm 2 wins, 1 loser so far, haven't blown the account BONUS
Thank you for the quick response. Just so I'm sure I understand...above 15 and 40 sma only long...below 15 and 40 sma only short...therefore area between the 15 and 40 is the no trade (chop) zone ?

Jim
  • #363
  • May 13, 2009 6:35am May 13, 2009 6:35am
Quoting Pips Queak
With a cherry on top too?

Classic.

Although I do agree a highlight of the 2 methods on the opening post is a good idea. I think they're still quite different interpretations of looking for an entry. i.e. Candlestick patterns v mechanical MA crossover.

Remember my chart is set to line, and my line colour is set to black so nothing on there at all Candle patterns are more trouble than there worth.

Although I do flip back to check real lows from time to time
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #364
  • May 13, 2009 6:39am May 13, 2009 6:39am
[quote=Turveyd;2731183]15sma and 40sma, Long above both, shorts below both easy Exit where ever you like.

Hi TD,

Entry taken when the 3/8 cross. Whether long or short depends on the relative position of the 15/40 sma. What happens when one missed the point of crossing of the 3/8 MA?

Suggest u emphasis this point as losses will occur when newbies just enter base on the position of the 15/40 sma as point of entry could be when price is turning.

Please share with us if you have a means to determine to enter mid way.

Cheers
  • #365
  • May 13, 2009 6:54am May 13, 2009 6:54am
Quoting Turveyd
Yes FXCM Broker / Platform, but MT4 for the charts!!
hello turveyd,

r u using fxcm US or uk? y r u not using their mt4 platform? hope u will update us with your experience with fxcm. as u know they do not have the best of reputations. good luck with your live trading.
  • #366
  • May 13, 2009 7:18am May 13, 2009 7:18am
sma 25 shift 5 close...? what that about.. any chance of a chart also have you traded live..?
  • #367
  • May 13, 2009 7:44am May 13, 2009 7:44am
Quoting profi4554
Just to share my KISS setup. Hope Psgm n Turveyd dont' mind.

LWMA 6 (Close)
SMA 6 (Close)
SMA 15 (Close) - I use MA in Color to give color direction. Easier to spot.
SMA 25 Shift 5 Close - My Trend Wall
SMA 120 - As been use by Turveyd

Please try and see how it moves on your chart.

Cheers
Is this thread going to finish up with everyone posting their own version?
  • #368
  • May 13, 2009 8:09am May 13, 2009 8:09am
Like all threads on this website - they evolve.

Inevitable people were going to put the 4 pennies worth in.

If it helps use it - if it doesn't don't!!

There comes a point when you have so many visits, the thread takes on a life of its own!!

This thread has had nearly 25,000 hits in just over 2 weeks!!!

I think it has become self perpetuating!!!!
  • #369
  • May 13, 2009 9:34am May 13, 2009 9:34am
Quoting efiler
What should I see in a higher chart that would indicate there is chop going on in lower?
Broadly, price is moving sideways rather than trending up or down. If the price is ranging fairly regularly and not too jerkily between two roughly similar extremes, but there is a good distance between the extremes, then it may wel be tradeable - but if it is in a naroow range and basically not going anywhere at all, then trading it it is the easiest way to lose lots of money. I am speaking from experience here! - and I keep making the same mistake, often when the price settles down after bigger moves.
  • #370
  • May 13, 2009 9:49am May 13, 2009 9:49am
We are in the UK Markets closed and likely USA lunch break time, SLOW Period Move abit more 7pm on, last 2hours of the US markets I guess.


Wait for some tradeable action.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #371
  • May 13, 2009 9:53am May 13, 2009 9:53am
Quoting winningfx
hello turveyd,

r u using fxcm US or uk? y r u not using their mt4 platform? hope u will update us with your experience with fxcm. as u know they do not have the best of reputations. good luck with your live trading.

Never tried trading through MT4, MT3 was confusing and horrible to place / manage your trades so NOOOOOO!!!!!

Experience is generally good, other than losing 2 cheques although they did find the last 1 a week later, I bet the 2nd cheque will go out of my account soon no doubt!! LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #372
  • May 13, 2009 10:13am May 13, 2009 10:13am
Took a chance on EJ being in the short zone with 40sma turning down having a trip down and it DID +15.


4 trades, 1 loser not bad considering I missed the best trading parts of the day.


Should as per always held till a exit signal LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #373
  • May 13, 2009 12:24pm May 13, 2009 12:24pm
Back to break even, missed the good times to trade, then got caught in that EJ dump.

Concept is proved just got to master it, just need a normal big range day, rather than this afternoons 1 way trend only pretty much.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #374
  • May 13, 2009 1:20pm May 13, 2009 1:20pm
Sorry all again :-

But until I'm 100% happy changes will happen, change the 40sma to a 50sma, on days like today it's abit less costly being a tad slower!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #375
  • May 13, 2009 1:41pm May 13, 2009 1:41pm
Hi Turveyd
Like you I was coming up with a new template day after day. A different ma here or cci instead of rsi there. The next day it would be different values. All this was done in attempt to make the curves fit the market THAT day. The next day the system didn't work because it needed something different again.
Since settling for the settings I have now,my consistency has greatly improved. If I get a loss then it is in a ratio of about 4 winners to 1 loser. I have come to realise after 3 years that any template needs at least a week to prove itself based on M5 and M1 trading.
Having followed your progress with this set up I have noticed that you are always changing something. This must create a mistrust of the new value for the ma until it has proven itself. Then when it doesn't work once or twice you change it again. The same cycle occurs and without realising it the doubt creeps in.
I was so impatient when I started this sometimes making 100 trades a day and losing overall. It has been very hard to steady down to about 5 per day and i still need the M1 charts to keep me happy. Anything else is just too slow.
I have no wish to offend at all, simply an observation from someone who can see alot of themself in your writings before i found the calm button.
I look forward to reading more of your progress.
Andy
  • #376
  • May 13, 2009 1:59pm May 13, 2009 1:59pm
Quoting andypips
Hi Turveyd
Like you I was coming up with a new template day after day. A different ma here or cci instead of rsi there. The next day it would be different values. All this was done in attempt to make the curves fit the market THAT day. The next day the system didn't work because it needed something different again.
Since settling for the settings I have now,my consistency has greatly improved. If I get a loss then it is in a ratio of about 4 winners to 1 loser. I have come to realise after 3 years that any template needs at least a week to prove...

Totally, agree but was thinking, 50 is abit better for a day or so, but didn't want to change it until sure.

Tonight, I've been taking the Long positions on EJ which isn't wise, cause someone is dumping, so eeckss to break even then dumps 20pips in 10seconds, obvious after the effect, should of called Shorts only.


98% happy here, just got to settle down and well get a slight slight bit of luck so doomed LOL


And let the few profitable trades I've had today, run there cause otherwise factor in some chop and SL hits and your just spinning your heals ofcourse.

Small trades cancel out chop, hopefully with some left and the >30 pip trades bring in the bacon.



Live use is different to just watching, 50 calls for 2 less failing Long positions on the EJ in short.

Get my pips back at the JPY's open fingers crossed so not too worried
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #377
  • May 13, 2009 2:32pm May 13, 2009 2:32pm
PSGM you round ?? Log onto the chat room if you can.

What's the score on the day dude ???
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #378
  • May 13, 2009 3:50pm May 13, 2009 3:50pm
Just realised the error of my ways.

Got carried away with trying other peoples ideas of MAs, I forgot the entire reason why I started this thread....

Getting chopped out trying to use just MAs, and forgot the OBVIOUS!!!

I stopped looking for OBVIOUS entry points!!!

So went back to basics, looked for steep slopes into a move, then a steep out, using a 3/8 cross as my entry point. Keeping my TP as 15 pips per trade, unless of course I see an OBVIOUS large moves! (so some were 30, some were 40, some were 5)

After I got back to basics, I started winning once again. I know which way I'm going tomorrow!!
  • #379
  • May 13, 2009 3:58pm May 13, 2009 3:58pm
Quoting winningfx
hello psgm,

u r the thread starter n u listed the method that u used. i want 2 check with u whether u r now using turveyd's method? if u r, then please update the methods latest info in your first post. as u can c from the latest above post. people who r interested n r new 2 this thread r still asking about how to use the method listed here.
I am responsible and will only take for responsibility for my entries on this thread. Anything else is others opinions!!

The entire thread is about KISS. If others have their take on that they are welcome to share it here, but the systems I post here are what I have been involved in the development of (in some form or another)

As to the exact method TD is using then NO - I am not using that exact system!!!
  • #380
  • May 13, 2009 4:24pm May 13, 2009 4:24pm
Cool, as long as your making Pips, thats all that counts.


Definately tailor anything you see here or not to your own likings.


Sticking to my SMA based system personal, for the time being, in good swinging market times the pips are a flying, in chop not so much today was weak for the bits I saw sadly, typically!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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