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Keep it Simple Stupid (KISS) Method

  • #461
  • May 23, 2009 9:33pm May 23, 2009 9:33pm
Quoting Turveyd
But it works so so so so so so very well with Demo, just some statical blips and lack of funds enduced losses I think, mixed with a lack of sleep!!

Couple of days off, some Demo practice and more money in the account ( Already sent ), hopefully will get me back on track.


Find out soon ish!!

What the hell are you talking about??

What is working? Demo? You're daydreaming my friend, wake up, take a pill.
Like Cobra said, you're talking like a rookie! Besides you just hijacked this guy's thread with just that utterly stupidity about trying to corner the market on hindsight. You can't wait and hope that you're moving average(s) will give you an statistical edge. In real time, it doesn't work my friend.

Just to be nice, Here's some reading you should do. In this very forum by the way.

1) Read "System I and System II by feb2865 - That's trading 101 in my opinion.I believe every trader no matter how experienced, should read what this gentleman says.

2)Silent Service Method - by clockwork71 - another gem. Very comprehensive and well-defined way of trading.

There you go. Please do us a favor and get some perspective. Stop acting foolish!!

Unless you just want to keep getting you ass handed back to you in a silver plate , then is your money anyway.

Thank You.
  • #462
  • May 24, 2009 6:06am May 24, 2009 6:06am
Quoting wiztrader
What the hell are you talking about??

What is working? Demo? You're daydreaming my friend, wake up, take a pill.
Like Cobra said, you're talking like a rookie! Besides you just hijacked this guy's thread with just that utterly stupidity about trying to corner the market on hindsight. You can't wait and hope that you're moving average(s) will give you an statistical edge. In real time, it doesn't work my friend.

Just to be nice, Here's some reading you should do. In this very forum by the way.

1) Read "System I and System II by feb2865 - That's...
Seriously, +240pips trading EJ on the demo account and not 1 loss using the same SL, so the question is what am I doing different or just abit of bad statistical probability ??

No hindsight required it works really well, IF you avoid the chop and only trade at the good times, my back testing is objective.



I will check out those threads though, thanks!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #463
  • May 28, 2009 6:57pm May 28, 2009 6:57pm
Hmm... wondering where's everybody?
I hope PSGM will be back to this thread, because I'm using his setup (Bolinger Band 20,2, & MA's 3/8) which already made more pips than ever!!!

PSGM, please come back....
  • #464
  • May 28, 2009 7:10pm May 28, 2009 7:10pm
Quoting atuque1
Hmm... wondering where's everybody?
I hope PSGM will be back to this thread, because I'm using his setup (Bolinger Band 20,2, & MA's 3/8) which already made more pips than ever!!!

PSGM, please come back....

I'm busy live demo trading various setups and working out the Stat's on what setup works best / works at all in the long term.

Best setup so far for EJ is Envelope 200sma Dev 0.22% short near the top on resistance or short on a move over then back into the Envelope, not creating many trades but there safe thus far.


Keep those profits going dude and keep it simple!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #465
  • May 29, 2009 12:26am May 29, 2009 12:26am
Quoting Turveyd
I'm busy live demo trading various setups and working out the Stat's on what setup works best / works at all in the long term.

Best setup so far for EJ is Envelope 200sma Dev 0.22% short near the top on resistance or short on a move over then back into the Envelope, not creating many trades but there safe thus far.


Keep those profits going dude and keep it simple!!
Thanks Turveyd for your reply...
I have tried your various setups, but seems like a lot of it made my entry too early & made me lost due to counter trends..
So, I use PSGM setups (Bollinger Band-20,2; EMA3, SMA8 & SMA20, with SMA90-Low & SMA90-High) ----> made me profit again!!
The only thing, need to be a bit patient & that will give you best entry point...
  • #466
  • May 29, 2009 1:33am May 29, 2009 1:33am
Quoting atuque1
Hmm... wondering where's everybody?
I hope PSGM will be back to this thread, because I'm using his setup (Bolinger Band 20,2, & MA's 3/8) which already made more pips than ever!!!

PSGM, please come back....

Been away for quite a while - seems my thread has been used for entries OTHER than what it was intended for - KEEP IT SIMPLE!!!!!!!!

Not sure if possible to clean up the thread, hence started a new thread - trying to keep with the spirit of what it was intended for!

good luck guys in all your trading!
  • #467
  • May 29, 2009 6:38am May 29, 2009 6:38am
Quoting atuque1
Thanks Turveyd for your reply...
I have tried your various setups, but seems like a lot of it made my entry too early & made me lost due to counter trends..
So, I use PSGM setups (Bollinger Band-20,2; EMA3, SMA8 & SMA20, with SMA90-Low & SMA90-High) ----> made me profit again!!
The only thing, need to be a bit patient & that will give you best entry point...
Hi,

What are your entry and exit factors?
  • #468
  • May 31, 2009 2:41am May 31, 2009 2:41am
Quoting Horn
Hi,

What are your entry and exit factors?
My entry point for SELL:
1) in TF M5, see the down trend on 80/90SMA
2) look at TF M1, based on the bollinger band (BB20/2.0),the price should touch the top BB and bounce back down.
3) EMA3 should cross SMA8 downward, also crossdown SMA20 (in BB). That's when I enter SELL.
4) The EXIT will be when the price touch or pass the bottom BB.

Can psgm clear that, maybe I'm wrong?
The Key is Patience...
  • #469
  • Jun 5, 2009 2:14am Jun 5, 2009 2:14am
Been away for a while, as this thread was moving away from KISS principles!

Have been trying to refine my original concept, so it has more clarity - and I think I may have got somewhere.

I noticed more often than was merely chance that when you get 3 consecutive candles (either bullish or bearish) that is a high probability reversal.

I also noticed a couple of other features:

1) the price action prior to these 3 candles tends to be a fairly steep angle

2) the bollinger bands tend to flatten out / change direction by the 3rd candle of the pattern.

Using these observations, I came up with a strategy for trading. On the close of the 3rd candle, ENTER.

Exit signals are more tricky under the KISS method, and I am still working on an effective sell.

What I have found, (and I deliberately haven't entered here as I do NOT think the exit fits KISS) is to use the THV3 system as my exit strategy.

I am not going into too much detail on the exit strategy (yet) as I say it does not adhere to KISS (yet), but I am working hard on it!

However, as a rough guide, basically I use the fast trix having a second change of colour as my exit - (this means nothing unless you look at the THV system)

The reason why I use this, as there are so many people on forex factory using that method, I would see if it was useful to me. And through LIVE TRADING, determined I could improve it for MY style of trading (my method generally gives me more of the move)

to give you an idea of how I am doing with this system, prior to this I was really content with 15 pip TP wins, in the first day of using this I was 60 pips up in 2 trades.

Admittedly it helps that there are strong movements (starting 0600 BST seems to be a good time at the moment), however, it is clear that 100+ pips in the current market is relatively easily achieved.

I have used it on the 1 minute chart, (as I am still not comfortable with the larger stop losses required for longer timeframes), but it works on ALL currencies and ALL timeframes.

5 minutes is very good.

As soon as I have worked out a stronger KISS exit strategy I shall let you guys know!

As for any questions regarding moving averages, to be brutally honest, I only started using them as I got suckered into it by posts on this thread - as you can see from my charts I no longer use them!

However if you are using them and getting good pips - then don't change

REMEMBER - If it ain't broke, don't fix it!!!

I am only posting this to share where I am with KISS!

Keep it up guys, and good pippage to you all!
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  • #470
  • Jun 5, 2009 3:28am Jun 5, 2009 3:28am
hi thxs PSGM
while reading this thread from the start in the first three pages made three trades (live small lots ) and set a tp at 10 pips and thanks to KISS i am now 30 pips better off
  • #471
  • Edited 1:24am Jun 19, 2009 12:54am | Edited 1:24am
Finally got the final piece of the jigsaw in place!!!

As I said on my last entry, what I needed was a KISS method of finding an exit strategy for my trades, and I believe I have an answer (at least it works for me!!!)

OK on the 1 min chart (any currency - although only tried this on GBP/USD - so values may well be different for other currencies - besides enough can be made from the GBP/USD alone!)

What you are looking for are psych levels for the exit (i.e. 00,25,50,75). The trick is, you exit just over the 25.

Entry is after the 3rd consecutive bullish candle (long) 3rd consecutive bearish candle (short)

Recommended that the price is either touching or has just bounced off the bollinger band (default (2,20), and that the bollinger has flattened / changed angle. (i.e. if the bollinger band is rising steeply, and does not change angle, then it is highly likely that it is merely a retracement rather than a full reversal.

examples:

Entry 1.6423 - exit 1.6450 (bullish) exit 1.6375 (bearish) (round to the nearest 25 pip then add 25!)
Entry 1.6372 - exit 1.6400 (bullish) exit 1.6325 (bearish) (round to the nearest 25 pip then add 25!)
Entry 1.6408 - exit 1.6450 (bullish) exit 1.6375 (bearish) (round to the nearest 25 pip then add 25!)

Do you see the pattern????
Obviously this will not happen 100% of the time (if it did I would be a billionaire by now!!!), however I would say it gives very high probability trades. Also if the price does not quite reach, then dependant upon your risk tolerance I would suggest moving your stop losses into a positive territory (I suggest if you get to within 10 pips of the target, then at the very least set your profit to break even then when within 5 change to +15 / +20 pips - Assuming the price target is hit your minimum will be 25 pips! Typical is 30-35 pips.

Also if you are feeling adventurous, and you believe this is a very strong move then the next target would be an additional 25 pips and so on (but my method would give you around 100 pips in 3/4 trades a day!)

If you want to check out exactly what I mean, check the previous charts I have entered, then go back on your own platformsk and look for the 3 candle formations. notice what the bollinger band is doing.

Notice what happens when you get 3 candles but no reversal!

It was truly a revalation when I noticed it !!!

Good trading peeps!
Attached Image (click to enlarge)
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  • #472
  • Jun 19, 2009 7:29am Jun 19, 2009 7:29am
PSGM,

My chart and BB are very different from yours. Just to check that I am using the same configuration as you.
TF 1m
Gbp/Usd pair
BB - Period -20
Shift -1
Deviations -2
Apply to - close
Attached Image (click to enlarge)
Click to Enlarge Name: psgm1.gif Size: 34 KB
  • #473
  • Jun 21, 2009 11:45am Jun 21, 2009 11:45am
Quoting Horn
PSGM,

My chart and BB are very different from yours. Just to check that I am using the same configuration as you.
TF 1m
Gbp/Usd pair
BB - Period -20
Shift -1
Deviations -2
Apply to - close
Hi Horn,

Yours are different, due to different time for broker....
You have to see (on your trade platform) on 19 June 09, at 05:07hrs.... then you will see the similar trend....


On my broker time, it was on 08:07 hrs...
  • #474
  • Jun 21, 2009 11:27pm Jun 21, 2009 11:27pm
Quoting atuque1
Hi Horn,

Yours are different, due to different time for broker....
You have to see (on your trade platform) on 19 June 09, at 05:07hrs.... then you will see the similar trend....


On my broker time, it was on 08:07 hrs...
Hi ,
Would different brokers result id different candles. If I look at the time you quoted, the candle indicated by arrow is a down candle whilst that of PSGM is an up candle.
Attached Image (click to enlarge)
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  • #475
  • Jun 23, 2009 1:35am Jun 23, 2009 1:35am
could u please explain it to me step by step ...about the setting here ??

i don't understand how to set up the correct setting

thx
  • #476
  • Jun 23, 2009 1:31pm Jun 23, 2009 1:31pm
Quoting psgm
Finally got the final piece of the jigsaw in place!!!

As I said on my last entry, what I needed was a KISS method of finding an exit strategy for my trades, and I believe I have an answer (at least it works for me!!!)

OK on the 1 min chart (any currency - although only tried this on GBP/USD - so values may well be different for other currencies - besides enough can be made from the GBP/USD alone!)

What you are looking for are psych levels for the exit (i.e. 00,25,50,75). The trick is, you exit just over the 25.

Entry is after the 3rd consecutive...
Thanks PSGM for the comeback!!!

Agreed with your setup, but seems like very hard to achieve a lot of that setup in one day.

BTW, I still use ur setup using the Bollinger Bands, and I add 1 more useful Accelerator Oscilator (because it gives warning a few minutes before change of trends give tips for exits). Love it so much & trying few days with this BB & AC (accelerator osci).
Take a look at it...
  • #477
  • Jun 23, 2009 6:49pm Jun 23, 2009 6:49pm
Looking for a profitable interday or intraday EA
Hey, Do you have a good profitable EA that you can give me please- Im new to Forex and I would love to have an profitable EA.
  • #478
  • Jun 24, 2009 2:27am Jun 24, 2009 2:27am
Quoting amdegia
Looking for a profitable interday or intraday EA
Hey, Do you have a good profitable EA that you can give me please- Im new to Forex and I would love to have an profitable EA.
FYI, hard for us to make EA for this system & we are doing scalping , using M1 TF, not inter or intraday trading..
U might find it in other threads.
  • #479
  • Jun 25, 2009 3:06am Jun 25, 2009 3:06am
Hope you are all being successful on the forex!

Noticed something relatively interesting on the £/$ yesterday as I was doing my usual hunt for elusive KISS methodologies.

What I noticed is that if the price has reversed, and it has reversed for at least 10 - 15 pips, then theere is a HIGH probability that there is at minimum another 10 pips in the trade!

So just a thought - if you use a 15 -20 pip SL then there are MANY MANY MANY 10 pip+ trades throughout the day.

Must say I have NOT tested this live (yet), and yes it is not textbook money management / risk reward ratio.

However I have just put it out there to see if anyone else has noticed this!

You still use the bounce of the bollinger, and (I am not suggesting just go in the direction of ANY 10+ pip move). If someone wants to demo this sometime and comeback with their findings that would be great!

For Info the 3 moving averages are 50EMA (LIME), 100EMA(BLUE), and 200EMA (RED).

These can be used rather effectively too, however this is wandering away from KISS!!!
Attached Image (click to enlarge)
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  • #480
  • Edited 3:01am Jun 27, 2009 1:29am | Edited 3:01am
psgm

Do you mean those 10 pips bounces that are in direction of trend are good for this trading method you mentioned in your last post? Can suggest a MA the shows one minute trend direction?
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