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Keep it Simple Stupid (KISS) Method

  • #381
  • May 13, 2009 6:51pm May 13, 2009 6:51pm
PSGM: do you think maybe you could post a couple of winning charts with a little explanation of how you were taking these bounces?

I do think if you can take the type of trades with the Bollinger Band that your taking for small profits, it would be profitable. Hope you had a good day. Hope we can chat live soon sometime.

Take care
  • #382
  • May 13, 2009 8:10pm May 13, 2009 8:10pm
I know the type of trade he's playing, I'd bet I've played a very similar setup infact every setup thats going, the issue is it's very subjective and for awhile it's working for you, then the way the market moves changes and your back to square 1.

Don't under estimate how hard it is to beat this game.

Still really think my system could be the 1, we are talking marriage children the entire works ( never thought I'd say that LOL ), it's simple, it's high %%% of trade profit, SL's are 1/2 the Profit levels.

No doubt I'll likely sleep with it's mom or sister and screw it up though, as per always

I've got to get keener on it, whoopps it's going against me EXIT to save losses though, lowered SL from 16+Spread to 12+Spread so @15 pips all in. 21% less risk
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #383
  • May 13, 2009 9:02pm May 13, 2009 9:02pm
Hi Turveyd,

I have been following along this thread, trading EUR/USD live.

I have found I am more profitable working off the M5 and M15 tf''s.

I have the BB (20, 2.5) with 3EMA, 8SMA, and 40SMA setup, and I watch those, but I am watching horizontal and diagonal TL's and overall chart patterns on longer tf's (up to daily) as well. I am paying attention to the news, to correlations (EU-SPX, for instance), volumes on correlated futures trades, etc. I am looking for a wholistic approach, rather than a strictly mechanical one.

I find I am better off not even looking at M1 tf unless it is to fine-tune an entry or exit. Working on M1 was more laborious, and led me into the trap of accepting smaller gains, and caving in to short-term losses. M! was a little nerve-wracking; slower agrees with my laid-back nature.

As I have gained confidence in this my 2nd week of live trading, I am finding that it's ok to be in a trade for more than a few minutes.

For me, anyway, and for now, slower is better.

Thanks for your thread and good luck in your trading.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #384
  • May 13, 2009 9:07pm May 13, 2009 9:07pm
Quoting The Fool
Hi Turveyd,

I have been following along this thread, trading EUR/USD live.

I have found I am more profitable working off the M5 and M15 tf''s.

I have the BB (20, 2.5) with 3EMA, 8SMA, and 40SMA setup, and I watch those, but I am watching horizontal and diagonal TL's and overall chart patterns on longer tf's (up to daily) as well. I am paying attention to the news, to correlations (EU-SPX, for instance), volumes on correlated futures trades, etc. I am looking for a wholistic approach, rather than a strictly mechanical one.

I find I am better...

To me M1 all the way, it's all in the detail ( he says with no candles, actually I put them back but very subtle colour ).

2nd week and gained confidence, impressive, 4 1/2 years in and my confidence level bounces around all over the place.

It's still very high.

since I stopped trading, I've spotted loads of very nice moves, and every single 1 of them has worked, strange world.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #385
  • Edited May 14, 2009 12:49am May 13, 2009 11:10pm | Edited May 14, 2009 12:49am
Hello Guys...

Thanks to PSGM & Turveyd for introducing a really good 1Min System.

I have tried this morning from 0000hrs to 0300hrs (GMT Time). The result was sooo good, & 4 trades profits (+75 pips) & 1 trade lost (-18pips).

Will keep update...

Thanks.

-ATUQUE-
Attached Image(s) (click to enlarge)
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  • #386
  • May 13, 2009 11:52pm May 13, 2009 11:52pm
Seems I'm becoming redundant on my own thread!!!

Everyone seems to be sticking to TDs method....


Included one more screenshot with what I call perfect storm and Blammo

perfect storm is 2 or more moving averages crossing at virtually the exact same point, then Blammo!!! the price makes an obvious move - this is a very strong indication of the price move in the direction of the obvious candle!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Trade_example_Blammo.jpg Size: 193 KB
  • #387
  • May 14, 2009 4:03am May 14, 2009 4:03am
Here's some of my trades & all with profits (BIG & small)...
Use both PSGM & Turveyd trading system... (BIG THANKS!!!)
(* all when the market were trending)..

Good Luck Guys...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 14 May 09 (03) JPG.JPG Size: 157 KB
Click to Enlarge Name: 14 May 09 (04) JPG.JPG Size: 166 KB
  • #388
  • May 14, 2009 4:54am May 14, 2009 4:54am
Quoting atuque1
Here's some of my trades & all with profits (BIG & small)...
Use both PSGM & Turveyd trading system... (BIG THANKS!!!)
(* all when the market were trending)..

Good Luck Guys...
Hi atuque 1,

Are you trading live? I guess you are not cos your point of entry was a bit early. High probablity of price turning against you.
  • #389
  • May 14, 2009 5:17am May 14, 2009 5:17am
Hi Turveyd, thanks to you for your time here, btw there was a couple of good trades since Frankfort open ! I wonder if you can specify your entry, exit and everything about your system ? Just to be sure if i do the same technique as you do, because of all of change about this system since you had introduce it in this thread ! Thanks
Luk
(sorry for my english)
  • #390
  • May 14, 2009 5:23am May 14, 2009 5:23am
I've never been a follower of the KISS theory in any area. My own experience has always shown me that the most beautiful things are usually the most complex too. Markets reflect much of human behaviour are not simple, so I'd like to create a new acronym - MICC - make it complex c*nt

D'you think it will catch on ?
He was looking for the card so high and wild hed never need to deal another
  • #391
  • May 14, 2009 5:49am May 14, 2009 5:49am
Quoting dr_who
I've never been a follower of the KISS theory in any area. My own experience has always shown me that the most beautiful things are usually the most complex too. Markets reflect much of human behaviour are not simple, so I'd like to create a new acronym - MICC - make it complex c*nt

D'you think it will catch on ?
But for peoples that already made hundreads pips daily with KISS
Wouldn't agree with you...
  • #392
  • May 14, 2009 6:10am May 14, 2009 6:10am
Quoting PipsRider
Hi Turveyd, thanks to you for your time here, btw there was a couple of good trades since Frankfort open ! I wonder if you can specify your entry, exit and everything about your system ? Just to be sure if i do the same technique as you do, because of all of change about this system since you had introduce it in this thread ! Thanks
Luk
(sorry for my english)

No time today, should be around tommorow, PM me so I don't forget.

And PSGM, without your KISS Idea, making me simplify my overly complicated system and make a simple rule, I'd of never of cracked this, so don't be too dis heartened.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #393
  • May 14, 2009 6:46am May 14, 2009 6:46am
Quoting dr_who
I've never been a follower of the KISS theory in any area. My own experience has always shown me that the most beautiful things are usually the most complex too. Markets reflect much of human behaviour are not simple, so I'd like to create a new acronym - MICC - make it complex c*nt

D'you think it will catch on ?

I tried the MICC method, I just end up confused and blowing my account in no time.

Sticking to KISS personally, suites my lazy personality and I've statistically proved indicators are a waste of space.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #394
  • May 14, 2009 10:34am May 14, 2009 10:34am
Quoting Turveyd
I tried the MICC method, I just end up confused and blowing my account in no time.

Sticking to KISS personally, suites my lazy personality and I've statistically proved indicators are a waste of space.
Turveyd, Thanks to you and PSGM because created a really good system...
Ever since I trade, today is the best trading day for me because so many consistent profits!!! Even the lost happened was also due to SL got hit & then the price following my trade (but already lost that)...
Anyway, overall... I started Demo with 1000 (1:200 leverage) and already profit about 230!!! And that's the best I've got since I started trading!!!
If consistent profit on my Demo account, I will trade Live again..

Thanks again PSGM & Turveyd... KEEP IT GOING!!!
  • #395
  • May 14, 2009 11:56am May 14, 2009 11:56am
how about Keep It Complex Kid... KICK... so you either kiss @ss or kick @ss...
  • #396
  • May 14, 2009 12:42pm May 14, 2009 12:42pm
Quoting atuque1
Turveyd, Thanks to you and PSGM because created a really good system...
Ever since I trade, today is the best trading day for me because so many consistent profits!!! Even the lost happened was also due to SL got hit & then the price following my trade (but already lost that)...
Anyway, overall... I started Demo with 1000 (1:200 leverage) and already profit about 230!!! And that's the best I've got since I started trading!!!
If consistent profit on my Demo account, I will trade Live again..

Thanks again PSGM & Turveyd... KEEP IT GOING!!!

Thats what I like to hear, operation bankrupt all of the banks by taking there money is in full effect

Get trading plan, get busy typical
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #397
  • May 14, 2009 12:52pm May 14, 2009 12:52pm
Quoting atuque1
Turveyd, Thanks to you and PSGM because created a really good system...
Ever since I trade, today is the best trading day for me because so many consistent profits!!! Even the lost happened was also due to SL got hit & then the price following my trade (but already lost that)...
Anyway, overall... I started Demo with 1000 (1:200 leverage) and already profit about 230!!! And that's the best I've got since I started trading!!!
If consistent profit on my Demo account, I will trade Live again..

Thanks again PSGM & Turveyd... KEEP IT GOING!!!
I'm really glad this is working out for you. Although on one of your earlier posts, you had a very different setup to what is on this thread. What is the exact setup you are using to trade (templates also please if possible!)

and what is the criteria you are using for your trades. Do you have % win losses yet?

BZ atuque
  • #398
  • May 14, 2009 8:46pm May 14, 2009 8:46pm
Hi all,

My trades went so well yesterday (even though just start learning this system).
Total trades: 16 (every trade 0.2 lot)
Profit trades: 12 (+186 pips)
Lost trades: 4 (-70pips).

I could say 75% winning yesterday...

Another chart forgot to post yesterday...
Attached Image (click to enlarge)
Click to Enlarge Name: 14 May 09 (05) JPG.JPG Size: 152 KB
  • #399
  • May 14, 2009 9:23pm May 14, 2009 9:23pm
Quoting atuque1
Hi all,

My trades went so well yesterday (even though just start learning this system).
Total trades: 16 (every trade 0.2 lot)
Profit trades: 12 (+186 pips)
Lost trades: 4 (-70pips).

I could say 75% winning yesterday...

Another chart forgot to post yesterday...

Not understanding your chart, or sure what system your using but it's working, so just to confirm can you try to spell your system out please.

You might not be trading my exact rules, which might lead to a way to improve mine, or PSGM's maybe ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #400
  • Edited May 15, 2009 1:20am May 14, 2009 9:47pm | Edited May 15, 2009 1:20am
Quoting psgm
I'm really glad this is working out for you. Although on one of your earlier posts, you had a very different setup to what is on this thread. What is the exact setup you are using to trade (templates also please if possible!)

and what is the criteria you are using for your trades. Do you have % win losses yet?

BZ atuque
Hi psgm,
About the setup I'm using is the same as you and Turveyd are using.
Only that I add the Stochastic (5,3,3) below the chart, just to see the OB or OS momentum.

My Setup for LONG: EMA3 cross SMA6 from below, then both 3/6 crossed the 20SMA, and then 50/55/65 SMA's from below. Exit when 3/6 crossed back down, towards the SMA13 & 20SMA.

Setup for SHORT: EMA3 cross SMA6 from above, then both 3/6 crossed the 20SMA, and then 50/55/65 SMA's from above. Exit when 3/6 crossed back up, towards the SMA13 & 20SMA.

Seems like it's really works on trending day.....
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