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Why Simple is better in trading and Complex is not

  • #121
  • Nov 21, 2013 12:27pm Nov 21, 2013 12:27pm
The issue with ma trading is, when the market turns to chop, your trend trade fails and vice versa.

Spent years trying to work out if the next 30mins will be chop or trend.


The secret is an entry method which has good odds on profiting either way, you make more when you get trend, then its a matter of holding on.


Simple, why it took me so many years to crack beats me doh!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #122
  • Nov 21, 2013 1:00pm Nov 21, 2013 1:00pm
Quoting Turveyd
trying to work out if the next 30mins will be chop or trend.
No can tell, no? That's what SL is for, I believe
  • #123
  • Nov 21, 2013 1:09pm Nov 21, 2013 1:09pm
Quoting Forexgogo
{quote} No can tell, no? That's what SL is for, I believe
I'm jinxed* which does make it harder, trend instantly stops and chop instantly turns to trend = loss in 2mins or under,it's very annoying.


*obviously i don't really believe in jinx's i just suck lol
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #124
  • Nov 21, 2013 2:57pm Nov 21, 2013 2:57pm
Quoting TEB63
1 to 4 will work {image}
You still holding it?? EMA200 blocking it to come down?? Or is it just a S?
Attached Image (click to enlarge)
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  • #125
  • Nov 21, 2013 3:17pm Nov 21, 2013 3:17pm
Quoting Turveyd
{quote} I'm jinxed* which does make it harder, trend instantly stops and chop instantly turns to trend = loss in 2mins or under,it's very annoying. *obviously i don't really believe in jinx's i just suck lol
I hear ya. Trends are like women. I never understand.
  • #126
  • Nov 21, 2013 3:39pm Nov 21, 2013 3:39pm
Quoting Forexgogo
{quote} You still holding it?? EMA200 blocking it to come down?? Or is it just a S? {image}

Okay, I think your falling for the after event it looks so easy, try counting how many times if you took a 200ema trade it worked and failed.

Been down this route years ago, they fail more than they work and you can't predict which outcome it will be, it fails, sadly!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #127
  • Edited 4:55pm Nov 21, 2013 3:58pm | Edited 4:55pm
Quoting Turveyd
{quote} Okay, I think your falling for the after event it looks so easy, try counting how many times if you took a 200ema trade it worked and failed. Been down this route years ago, they fail more than they work and you can't predict which outcome it will be, it fails, sadly!!
I have never counted how many times I tried to get a bounce at EMA200.
But say, it's not too bad so far.
I do it on 1h, 4h, and day. When the price comes near, I switch to 15m with stochastics. If stoc/price turns over EMA200, I enter.
I DO NOT do a "touch trade(limit order)" unless EMA200 confluences with Fib and major SR.


PS I'm watching EURUSD now. It's 15m with EMA800 (=EMA200 on 1h).
Stoc turned, but I want it to break the up trend line.... Also, I don't like 1.35 hanging right above.... (it might spike up there)
Attached Image (click to enlarge)
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  • #128
  • Nov 21, 2013 4:48pm Nov 21, 2013 4:48pm
Quoting Forexgogo
{quote} I hear ya. Trends are like women. I never understand.
I thought you were going to say " trends are like women, a new one comes along every 15 minutes"
Nobody ever went broke closing a trade in profit
  • #129
  • Nov 21, 2013 4:56pm Nov 21, 2013 4:56pm
Quoting gp00053
{quote} I thought you were going to say " trends are like women, a new one comes along every 15 minutes"
  • #130
  • Nov 21, 2013 5:27pm Nov 21, 2013 5:27pm
Quoting gp00053
{quote} I thought you were going to say " trends are like women, a new one comes along every 15 minutes"
Them where the days
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #131
  • Nov 21, 2013 6:07pm Nov 21, 2013 6:07pm
Quoting Turveyd
{quote} Them where the days

For sure
Nobody ever went broke closing a trade in profit
  • #132
  • Nov 21, 2013 9:17pm Nov 21, 2013 9:17pm
Quoting gp00053
{quote} For sure

this is a thread about simple trading and now we are talking about women
how does that work?

lol
  • #133
  • Nov 22, 2013 6:01am Nov 22, 2013 6:01am
Quoting TEB63
{quote} this is a thread about simple trading and now we are talking about women how does that work? lol
Sorry you're right just an Old Guy (Me) day dreaming. . . back to trading .
Nobody ever went broke closing a trade in profit
  • #134
  • Nov 22, 2013 6:58am Nov 22, 2013 6:58am
Here is my simple trade -- fixed SL/TP.
Rules -- matching a stoc turn and hitting a trend line -- and going with the major trend.
I'm about to move SL to BE now.
Attached Image (click to enlarge)
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  • #135
  • Nov 22, 2013 7:09am Nov 22, 2013 7:09am
Quoting Forexgogo
Here is my simple trade -- fixed SL/TP. Rules -- matching a stoc turn and hitting a trend line -- and going with the major trend. I'm about to move SL to BE now. {image}
Simple is better, the candles on their own tell you all you need to know. For example, where the big orders are which turn the market around
Attached Image (click to enlarge)
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  • #136
  • Nov 22, 2013 7:17am Nov 22, 2013 7:17am
Quoting Forexgogo
Here is my simple trade -- fixed SL/TP. Rules -- matching a stoc turn and hitting a trend line -- and going with the major trend. I'm about to move SL to BE now. {image}
Like this trade!! tell us the pair!!
  • #137
  • Nov 22, 2013 7:18am Nov 22, 2013 7:18am
Quoting GDR3k
{quote} Simple is better, the candles on their own tell you all you need to know. For example, where the big orders are which turn the market around {image}
what is the MA do you use it f isor trend
tell us what is the pair
  • #138
  • Nov 22, 2013 7:35am Nov 22, 2013 7:35am
Quoting TEB63
tell us the pair!!


I do this (stoc turn+trend line) on EURUSD and JPYUSD. But also AUDUSD GBPUSD if I see a good chance. No other pairs (I hate spreads more than 2).
Avoid news hours!!
  • #139
  • Nov 22, 2013 7:35am Nov 22, 2013 7:35am
Quoting TEB63
{quote} what is the MA do you use it f isor trend tell us what is the pair
That's the 50EMA and the pair is USDJPY 4hour chart
  • #140
  • Nov 22, 2013 7:53am Nov 22, 2013 7:53am
Quoting GDR3k
{quote} That's the 50EMA and the pair is USDJPY 4hour chart
do you use the 50ema for trend direction
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