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Why Simple is better in trading and Complex is not

  • #221
  • Nov 23, 2013 2:13pm Nov 23, 2013 2:13pm
Quoting TEB63
{quote} TA and FA mean? how do you set your orders
Technical Analysis and Fundamental Analysis.

By the previous prices or if to wide by a percentage of ATR.
Wherever you go, there you are.
  • #222
  • Nov 23, 2013 2:14pm Nov 23, 2013 2:14pm
Quoting milam
{quote} Technical Analysis and Fundamental Analysis. By the previous prices or if to wide by a percentage of ATR.

that is what I thought ok how do you trade then
  • #223
  • Nov 23, 2013 2:17pm Nov 23, 2013 2:17pm
Quoting TEB63
{quote} that is what I thought ok how do you trade then
Just told you.
Wherever you go, there you are.
  • #224
  • Nov 23, 2013 2:19pm Nov 23, 2013 2:19pm
Quoting milam
{quote} Just told you.

By the previous prices or if to wide by a percentage of ATR.

I am not sure what this means- is it S&D again
  • #225
  • Nov 23, 2013 2:30pm Nov 23, 2013 2:30pm
Quoting TEB63
{quote} By the previous prices or if to wide by a percentage of ATR. I am not sure what this means- is it S&D again
I am not sure what you mean by S&D (maybe supply and demand? if that is the case, NO).

What I told you is my philosophy of trading, I do not have a detailed system to explain becuase it only make sense to me, it fits my personality and this is where mind comes in to play and disregards all the rest as BS.

TA and FA are there only if you want to be there…..If one would invest in himself instead of investing in something that are only selling tools, would do much better...
of course it is harder but it is the shortest way...
Wherever you go, there you are.
  • #226
  • Nov 23, 2013 2:37pm Nov 23, 2013 2:37pm
Quoting milam
{quote} I am not sure what you mean by S&D (maybe supply and demand? if that is the case, NO). What I told you is my philosophy of trading, I do not have a detailed system to explain becuase it only make sense to me, it fits my personality and this is where mind comes in to play and disregards all the rest as BS. TA and FA are there only if you want to be there…..If one would invest in himself instead of investing in something that are only selling tools, would do much better... of course it is harder but it is the shortest way...

ok great -
  • #227
  • Nov 23, 2013 2:41pm Nov 23, 2013 2:41pm
Quoting TEB63
{quote} ok great -
No prob. I hope it help a bit..
Wherever you go, there you are.
  • #228
  • Nov 23, 2013 2:42pm Nov 23, 2013 2:42pm
Quoting milam
{quote} No prob. I hope it help a bit..

lol .... not really

I have no idea what you do or how you do it lol
  • #229
  • Nov 23, 2013 2:48pm Nov 23, 2013 2:48pm
Quoting TEB63
{quote} lol .... not really I have no idea what you do or how you do it lol
lol

I told you all…. there is no more to tell…. think about it….. I am sure you would find YOUR way….

Nice chatting with you…. Keep peace of mind….
Wherever you go, there you are.
  • #230
  • Nov 23, 2013 3:10pm Nov 23, 2013 3:10pm
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #231
  • Nov 23, 2013 3:13pm Nov 23, 2013 3:13pm
Quoting GDR3k
{quote} The best way I can explain it is, as the market moves it leaves behind clues of where IF the market returns to that particular area, it will bounce away from, so for example, say we are looking at the 1 hour charts and there is a large bullish move, the market stalls and bearish spinner appears at the top of the bullish move, right after that bearish spinner the market continues with it's bullish move, so onwards and upwards, that bearish spinner is where IF the market returns to, it will most likely bounce away from. See below, the current...
I'm trying to see what you see.

Questions
1. top point 163.84 -- I think it should start from right after a big ascending bar (see the chart).
2. second from the top 163.22 -- I think this should be 163.161 (the red line -- blue is yours)?
3. third from the top 162.676 -- do you consider two bars as a one big move?
5. I think there should be one around 161.51 see the chart (red line)

Thanks in advance!
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  • #232
  • Nov 23, 2013 3:20pm Nov 23, 2013 3:20pm
Quoting milam
{quote} I am an advocate that all TA and FA is BS, things of the past, nowadays the mind has a great deal in making the difference….. What do I do? I try to see where many go trapped….I will set my orders with my SL and get out by time…..




Counter Retail trader nice ( do the opposite of what retail traders are doing )

TA is definately rubbish, I've done enough math on that to know that as a fact.

I don't get GDR's method at all, how he see's it, filters out the 100's of other candles which look the same to me, but I've seen him pick entry's and laughed at him to watch them work, time and time again ( not always ofcourse )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #233
  • Nov 23, 2013 3:30pm Nov 23, 2013 3:30pm
Quoting Magix

You got that right my friend
Nobody ever went broke closing a trade in profit
  • #234
  • Nov 23, 2013 3:46pm Nov 23, 2013 3:46pm
basic S/D from big TF to Small TF
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  • #235
  • Nov 23, 2013 3:58pm Nov 23, 2013 3:58pm
Quoting TEB63
basic S/D from big TF to Small TF {image}
I see your point. And I understand the "W" on the small TF that makes the support (where the PA bounced).

But, I think that is not why GDR put a turning point. He says " there is a large bullish move, the market stalls and bearish spinner appears at the top of the bullish move, right after that bearish spinner the market continues with it's bullish move."

So I believe he just simply put a wrong bar to start the line (turning point) -- see my chart.
  • #236
  • Nov 23, 2013 4:05pm Nov 23, 2013 4:05pm
Quoting Forexgogo
{quote} I see your point. And I understand the "W" on the small TF that makes the support (where the PA bounced). But, I think that is not why GDR put a turning point. He says " there is a large bullish move, the market stalls and bearish spinner appears at the top of the bullish move, right after that bearish spinner the market continues with it's bullish move." So I believe he just simply put a wrong bar to start the line (turning point) -- see my chart.

of coarse that stall on the hour - is the S/D zone on the 10 minute right

he has a great idea - but you have to look at what is happening in the candle itself
by the way this is not a great example the ones before are better

but there is a great S/D zone there
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  • #237
  • Nov 23, 2013 4:24pm Nov 23, 2013 4:24pm
Quoting Forexgogo
{quote} I'm trying to see what you see. Questions 1. top point 163.84 -- I think it should start from right after a big ascending bar (see the chart). 2. second from the top 163.22 -- I think this should be 163.161 (the red line -- blue is yours)? 3. third from the top 162.676 -- do you consider two bars as a one big move? 5. I think there should be one around 161.51 see the chart (red line) Thanks in advance! {image}
1, No, that particular candle in question isn't fresh, meaning price chopped about for a bit without really going anywhere right after it, the candles you want to look for are the opposing ones right before any sort of move away from it, so when the market returns to that level, like the green arrows in my previous post, they are completely untested and new. If you're unsure, just look to the right, if there is only one candle infront of the particular candle you've got your eye on (meaning, the candle which continues with the move), that level will be fresh and untested.

2, I'd go for the one I outlined as that is the most recent one during that upmove.

3, Any sort of move is good enough, that being said, the bigger the move away from an area, generally the bigger a bounce back from that area. Looking at that big upmove as a whole, each price point will likely give a decent bounce back. Edit - Also, the longer price has been away from an area, the better.

5, see chart below

Basically, any sort of indecisiveness on the charts is what I look for, it doesn't always have to be an opposing candle though, large wicks work equally well.
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  • #238
  • Nov 23, 2013 4:29pm Nov 23, 2013 4:29pm
Quoting GDR3k
{quote} 1, No, that particular candle in question isn't fresh, meaning price chopped about for a bit without really going anywhere right after it, the candles you want to look for are the opposing ones right before any sort of move away from it, so when the market returns to that level, like the green arrows in my previous post, they are completely untested and new. If you're unsure, just look to the right, if there is only one candle infront of the particular candle you've got your eye on (meaning, the candle which continues with the move), that...

good explanation!!!

I used this candle because you put an arrow on it in a post from before - I agree with you its not a great example.
But there is a fresh S/D zone in the 10 minutes. the candle is not fresh - but there is fresh candles in the 10 minute
  • #239
  • Nov 23, 2013 4:37pm Nov 23, 2013 4:37pm
Just for the sake of it, to respond to some insinuation initiated by some professional troll and for respect to some good people including TEB63 here are some of my latest trades, I have also accoured some losses which are not included, but they are only a small part of it...

Still holding EU long @ +54 pips with SL to BE.

Take care and have a good continuation…..
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Wherever you go, there you are.
  • #240
  • Nov 23, 2013 4:52pm Nov 23, 2013 4:52pm
Quoting GDR3k
{quote} 1, No, that particular candle in question isn't fresh, meaning price chopped about for a bit without really going anywhere right after it, the candles you want to look for are the opposing ones right before any sort of move away from it, so when the market returns to that level, like the green arrows in my previous post, they are completely untested and new. If you're unsure, just look to the right, if there is only one candle infront of the particular candle you've got your eye on (meaning, the candle which continues with the move), that...


wait a minute you have a 2nd MA on this chart looks like a 200ma lol and the 50ma lol

just having fun I check these two MAs as well from time to time
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