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Why Simple is better in trading and Complex is not

  • #141
  • Nov 22, 2013 8:08am Nov 22, 2013 8:08am
Quoting TEB63
{quote} do you use the 50ema for trend direction
Not really, I don't keep trades on long enough to go with any sort of trend, I catch temporary (or not) bounces back from certain areas
  • #142
  • Nov 22, 2013 8:16am Nov 22, 2013 8:16am
Quoting GDR3k
{quote} Not really, I don't keep trades on long enough to go with any sort of trend, I catch temporary (or not) bounces back from certain areas
S/D zones?
  • #143
  • Nov 22, 2013 8:23am Nov 22, 2013 8:23am
Quoting TEB63
{quote} S/D zones?
Yeah mostly, pivots, psychological levels and get in on the pull back to the opening price of certain candles.
  • #144
  • Nov 22, 2013 9:05am Nov 22, 2013 9:05am
I like the simple strength trades!! 170 pips on two trades
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  • #145
  • Nov 22, 2013 10:00am Nov 22, 2013 10:00am
Quoting TEB63
I like the simple strength trades!! 170 pips on two trades {image}
You mean "strength trade" flag/retracement?
  • #146
  • Nov 22, 2013 10:06am Nov 22, 2013 10:06am
Quoting Forexgogo
{quote} You mean "strength trade" flag/retracement?

I love flags and pennants !!! great stuff
I will use them as triggers!

what about you
  • #147
  • Nov 22, 2013 10:21am Nov 22, 2013 10:21am
Quoting TEB63
{quote} I love flags and pennants !!! great stuff I will use them as triggers! what about you
Used to do flag, S&H, and other patterns. But not now b/c they started looking too subjective to me. And I didn't like the nerve-wrecking feeling after the entry. Actually I wasn't very happy even when I won, and I regretted when I lost...
  • #148
  • Nov 22, 2013 10:41am Nov 22, 2013 10:41am
Quoting Forexgogo
{quote} Used to do flag, S&H, and other patterns. But not now b/c they started looking too subjective to me. And I didn't like the nerve-wrecking feeling after the entry. Actually I wasn't very happy even when I won, and I regretted when I lost...


I do not trade flags - I use them as triggers
  • #149
  • Nov 22, 2013 10:48am Nov 22, 2013 10:48am
Quoting TEB63
{quote} I do not trade flags - I use them as triggers
I'm afraid that I'm not sure about the difference b/w "trading flags" and "using flags as a trigger." Sorry...
  • #150
  • Edited 11:32am Nov 22, 2013 11:03am | Edited 11:32am
Quoting Forexgogo
{quote} I'm afraid that I'm not sure about the difference b/w "trading flags" and "using flags as a trigger." Sorry...

I do not decide to trade because of a flag - I am looking for trade to trade - and I see the flag and that is why I enter

ie. I am trading on the 4 hour chart
I drop to the 5 or 10 or 15 min chart and see a flag and I am good to go with a flag

I never see myself trading on anything less then 4 hours.
but I might look for a trigger on less then that

I see three type of charts

1. trend chart(s) - big picture - trend & S/D
2. trade chart - where a see the trade happening - main chart - targets and stops & S/D
3. trigger chart - small picture - entries
  • #151
  • Nov 22, 2013 11:14am Nov 22, 2013 11:14am
Quoting TEB63
{quote} I do not decide to trade because of a flag - I am looking for trade a trade - and I see the flag and that is why I enter ie. I am trading on the 4 hour chart I drop to the 5 or 10 or 15 min chart and see a flag and I am good to go with a flag
OK thanks
  • #152
  • Nov 22, 2013 11:38am Nov 22, 2013 11:38am
Quoting TEB63
{quote} I see three type of charts 1. trend chart(s) - big picture - trend & S/D 2. trade chart - where a see the trade happening - main chart - targets and stops & S/D 3. trigger chart - small picture - entries
I do the same. You're the first trader I've heard of that does that besides me. Quick and simple
Nobody ever went broke closing a trade in profit
  • #153
  • Nov 22, 2013 12:50pm Nov 22, 2013 12:50pm
Quoting gp00053
{quote} I do the same. You're the first trader I've heard of that does that besides me. Quick and simple


cool its been how I have always trade - I started with three 200 EMAs

most people who do three TF do a top down - I do a middle up and down
  • #154
  • Nov 22, 2013 12:51pm Nov 22, 2013 12:51pm
I would like to see how others trade simple
  • #155
  • Nov 22, 2013 1:00pm Nov 22, 2013 1:00pm
I believe you can trade from one chart and a time frame that suits our persona. If you are able to formulate all the imformation onto that chart you dont require anything else.infact you can negotiate it down to trading with out a chart.
  • #156
  • Nov 22, 2013 1:03pm Nov 22, 2013 1:03pm
Quoting diceman555
I believe you can trade from one chart and a time frame that suits our persona. If you are able to formulate all the imformation onto that chart you dont require anything else.infact you can negotiate it down to trading with out a chart.

Great - each person has there own way

But how do you trade thought on one chart - simple
  • #157
  • Nov 22, 2013 1:08pm Nov 22, 2013 1:08pm
Quoting TEB63
{quote} Great - each person has there own way But how do you trade thought on one chart - simple
Hi TEb63.

I not sure of your question
  • #158
  • Nov 22, 2013 1:10pm Nov 22, 2013 1:10pm
Quoting diceman555
{quote} Hi TEb63. I not sure of your question

you said you trade on one chart - how do you trade
  • #159
  • Nov 22, 2013 1:18pm Nov 22, 2013 1:18pm
Quoting TEB63
{quote} cool its been how I have always trade - I started with three 200 EMAs most people who do three TF do a top down - I do a middle up and down
I keep 15m and 1h always open and check 4h and day every 4 hours.
Entries are mostly on 15m, but sometimes on 1h right after a bar closes only when it seems to be too late to wait an entry on 15m.

I see no charts less than 15m. They are NOT simple to read IMO.
  • #160
  • Nov 22, 2013 1:24pm Nov 22, 2013 1:24pm
Quoting diceman555
I believe you can trade from one chart and a time frame that suits our persona. If you are able to formulate all the imformation onto that chart you dont require anything else.infact you can negotiate it down to trading with out a chart.
If you make a big deal of candlestick formations (ig pin bars, engulfing ones, inside bars), it would be easier checking different time frames...
Just my humble opinion....
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