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Just some food for thought... 52 replies

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Food for Trading Thought

  • #41
  • Nov 22, 2013 5:08pm Nov 22, 2013 5:08pm
Food for trading thought.....

There isn't a "simple" in trading but it needn't be overly complex. It doesn't matter if you use indicators or
if you don't. It's best to learn both "world's" because, like an unhealthy democracy, it's ruled by majority.
In trading, one should attempt to "vote" with the majority regardless of beliefs.


Food for weekend consideration..............

For your ideas,
for your longer term financial thoughts,
for whatever it's worth.

THE US 20: Twenty Huge Trends That Will Dominate America's Future


Read more: http://www.businessinsider.com#ixzz2lQ1F36Do
When the Joker is in the deck.. fear not and play it well
  • #42
  • Nov 24, 2013 2:53pm Nov 24, 2013 2:53pm
Quoting PrincesFX
{quote} I bet your logic is a better tool! Ok, but how about intuition? hasn't anyone ever traded just because it felt like a good decision?
Provided your intuition gives you an exit strategy as well.
Build good relationships with others.
  • #43
  • Nov 24, 2013 6:12pm Nov 24, 2013 6:12pm
Food for trading thought:

Why "complex" is just as good as "simple" in trading.

Complex and simple is relative to the observer. Albert Einstein said
'everything should be as simple as possible but no simpler".
In trading, just as in the mind of Einstein, "simple" is not easily quantifiable.

Regardless, I received some kind of info regarding an indicator. It was (and is still)
a commercial indicator but can be downloaded without cost. That was downloaded
from ........
http://forexwinners.net/forex/forex-x-code/

However, that's an .rar file (which is not a problem unless you need additional software to unzip) so
I'll post the ex4 file.

I don't know anything about the indi but from just a quick visual it seems it could have merit, especially
with other "complexities".

This chart can explain better.

might be best on 4H but you decide

all the best
Attached Image (click to enlarge)
Click to Enlarge Name: wary.png Size: 37 KB
Attached File(s)
File Type: ex4 XCODE.ex4   13 KB | 218 downloads
When the Joker is in the deck.. fear not and play it well
  • #44
  • Nov 24, 2013 8:27pm Nov 24, 2013 8:27pm
Why "complex" is better and "simple" just ain't all it's cracked up to be.

With "complex" you let "artificial intelligence" help. How simple would it have
been for man to fly to the moon without that??

If you're a member of the Flat Earth Society, don't believe that man ever landed
on the Moon, etc.... then I understand why you feel "simple is better".

However..... back in the day, Man traded without computer. That was simpler ??

Adopt a method

I'm still looking at this "very complex" method.
Could it be capable of .......................
Attached Image (click to enlarge)
Click to Enlarge Name: wary.png Size: 41 KB
When the Joker is in the deck.. fear not and play it well
  • #45
  • Nov 24, 2013 8:47pm Nov 24, 2013 8:47pm
Regarding simple or complex;
perhaps this is relevant


More than one way to skin a cat

http://www.worldwidewords.org/qa/qa-mor1.htm

“she was wise, subtle, and knew more than one way to skin a cat”, that is, more than one way to get what she wanted." Mark Twain

http://www.worldwidewords.org/qa/qa-mor1.htm
When the Joker is in the deck.. fear not and play it well
  • #46
  • Nov 25, 2013 2:08am Nov 25, 2013 2:08am
Here it is in black.

Is it simpler or more complicated??
Attached Image (click to enlarge)
Click to Enlarge Name: wary.png Size: 39 KB
When the Joker is in the deck.. fear not and play it well
  • #47
  • Nov 25, 2013 2:14am Nov 25, 2013 2:14am
the same chart....
what is simple (or complex) or simply easier??
Attached Image (click to enlarge)
Click to Enlarge Name: wary.png Size: 36 KB
When the Joker is in the deck.. fear not and play it well
  • #48
  • Nov 25, 2013 2:30am Nov 25, 2013 2:30am
Do you want to know why threads such as TEB63 "Why Simple in Trading is Better and Complex is Not"

Will ultimately FAIL.
Because TEB only allows "certain" posters.
Those he finds gullible or are already supportive.

Much like a "communist" ??? He cannot seem to allow anyone who would have thoughts that
does not represent his own.

Think about it..

??

(you see, I'd never even HEARD of him but wasn't allowed to post in his precious thread)
What a pity !
When the Joker is in the deck.. fear not and play it well
  • #49
  • Nov 25, 2013 2:35am Nov 25, 2013 2:35am
Hey TEB63 !!!

Within bounds,
there are workarounds...

Wouldn't you say ?? !!
When the Joker is in the deck.. fear not and play it well
  • #50
  • Nov 25, 2013 2:56am Nov 25, 2013 2:56am
Not only that.............. as much as I may respect (or not) other traders here;
when all they can do is ban you or call you this or that,
what does that say? What are they afraid of??

In the heat of the moment...
you should concern yourself with bigger things ???


Inserted Video
When the Joker is in the deck.. fear not and play it well
  • #51
  • Nov 25, 2013 3:09am Nov 25, 2013 3:09am
So if you need a prettier "chart" that says exactly the same...........

One would be more likely to make you act ????

Inserted Video


Seriously
When the Joker is in the deck.. fear not and play it well
  • #52
  • Nov 29, 2013 5:24pm Nov 29, 2013 5:24pm
1.
“Succinct Summation” (yes, I borrowed that) of some differences and
for the year in general.

With 2013 nearing an end one could reflect on anything one has read or learned.

Regarding FF threads;

“Why Simple is Better in Trading and Complex is not”

Even the originator of the thread has indicators on his/her charts. Isn't that complicating things?
What's simple to one may be is complex to another.
50 or even 100 years ago automobiles were much simpler. Now that they are more complex, they are much safer, more comfortable and even last longer.
Perhaps the thread originator is a great trader but the thread title is not entirely accurate? So it doesn't mean much?

And what matters? The only thing that matters, is if you trade in a
way that works for you?
Finding that “way” is a process and sadly, there are no known equations that point to only one way.

?
When the Joker is in the deck.. fear not and play it well
  • #53
  • Nov 29, 2013 7:07pm Nov 29, 2013 7:07pm
But really should have been posted here (while no one watches)).

http://www.forexfactory.com/showthre...31#post7124831

When the Joker is in the deck.. fear not and play it well
  • #54
  • Nov 29, 2013 7:40pm Nov 29, 2013 7:40pm
Quoting Slim Buffett
{quote} But does it seem that you can detect a trend CHANGE and at times, S/R by using MA's ? I ask because you might notice that, on the second chart, price continued to bounce off the "orange" MA. Anyway, not important. Just food for thought.

I tried it for YEARS, the chop sadly costs you more than the profits, trying to avoid the chop means you miss the trends then you get beaten up so badly when you do get a trend your confidence is shot and you bail for a small profit.

The secret is in estimating chop ranges and trading chop with the trend mainly.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #55
  • Nov 29, 2013 8:16pm Nov 29, 2013 8:16pm
Quoting Turveyd
{quote} The secret is in estimating chop ranges and trading chop with the trend mainly.
Food for trading thought:

There are no "secrets".
Only methods/systems to which one should adhere to after becoming even a little proficient
in aforesaid. Practice.

And.... why estimate "chop ranges" when trading with the trend.?
Why not just continue to trade with the trend??
That is.... if the trend is "up".... hold the position??
When the Joker is in the deck.. fear not and play it well
  • #56
  • Nov 29, 2013 8:22pm Nov 29, 2013 8:22pm
Quoting Slim Buffett
{quote} Food for trading thought: There are no "secrets". Only methods/systems to which one should adhere to after becoming even a little proficient in aforesaid. Practice. And.... why estimate "chop ranges" when trading with the trend.? Why not just continue to trade with the trend?? That is.... if the trend is "up".... hold the position??
But you have to enter the trade at some stage, not knowing if the trend will continue or reverse on you, best place to enter is a pull back against the trend, but when is a pull back to far ?? so you enter in a safe pull back area where your SL isn't huge and if the SL hits then odds are the trend is turning.

And using that, if the market decides to go flat and just chop, then you don't make as much but you'll still hopefully get out at a profit.


I'm a M5 guy ONLY remember!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57
  • Nov 29, 2013 9:19pm Nov 29, 2013 9:19pm
Quoting Turveyd
{quote} I'm a M5 guy ONLY remember!!
Different strokes..... as they say.
I traded M15 fairly successfully for quite a while.
Somehow, I couldn't understand staring at that in terms of 20 or 40 years so decided
to (try) and switch to longer term, most 4H. Hopefully, I could "check" on charts rather
than give my life to them.

The transition can be painful but you sometime (at some point) realize that the "method"
doesn't differ so greatly but the duration lasts a lot longer.

Just food for thought Mr. Turveyd.

All the best.
When the Joker is in the deck.. fear not and play it well
  • #58
  • Nov 29, 2013 9:46pm Nov 29, 2013 9:46pm
PS @ TEB63

"thx for your thoughts!! I love hearing from programmers!! "

My opinion is that you don't "love" hearing from anyone
unless they agree with you or you them.

That's why you barred me from your thread before I had posted a single reply in it.
You're afraid TEB... of what you must decide.

Think about it
When the Joker is in the deck.. fear not and play it well
  • #59
  • Nov 30, 2013 1:39am Nov 30, 2013 1:39am
The most important thing I learned in trading is that it is not an in-out and make money each time game. It's about finding a position, catching a trend, and scaling out to lock in profits. That was the only way trading worked for me.
  • #60
  • Nov 30, 2013 2:52am Nov 30, 2013 2:52am
I'll get back to "Ferru" and "NJaNeer"

Quoting NJaNeer
{quote} I want to see the math for an account with 50:1 leverage go from 50$ to 1 Million with 20 trades. This entire thread is about high risk with high rewards. With most currencies averaging 20+ dollars (.01 lot) for margin at 50/1, that's .10 cents a pip to start off. Sorry I'm with Ferru and Matts, 50:1 makes this idea garbage and you would need 1000+ pips extra. High leverage is very important for this strategy."


Before then, I hope he might do the math for him/her self
When the Joker is in the deck.. fear not and play it well
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