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Why Simple is better in trading and Complex is not

  • #341
  • Nov 26, 2013 1:51pm Nov 26, 2013 1:51pm
its working out
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  • #342
  • Nov 26, 2013 2:01pm Nov 26, 2013 2:01pm
Quoting TEB63
its working out {image}
Yes, beautifully! My question was about your entry point (blue triangle). When you entered, CCI was hitting the overbought area. Was it supposed to be when it got out of the oversold area (6 hours earlier)?
  • #343
  • Nov 26, 2013 2:18pm Nov 26, 2013 2:18pm
Quoting Forexgogo
{quote} Yes, beautifully! My question was about your entry point (blue triangle). When you entered, CCI was hitting the overbought area. Was it supposed to be when it got out of the oversold area (6 hours earlier)?
I think I not looking at the time
normally I take one pips over the candle that closes over the 20%

if I miss it I will get in later if ...
1. I can get a better entry
2. The RRR works out like here even at a worse rate
  • #344
  • Edited 2:59pm Nov 26, 2013 2:35pm | Edited 2:59pm
Cleaned up the SL and T - On these 3 pairs.

I will look at moving the SL to protect pips later
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  • #345
  • Nov 26, 2013 2:39pm Nov 26, 2013 2:39pm
Quoting Forexgogo
{quote} OK here is a 4h friction confluecne with a classic good old channel {image}
Did you get a profit out of that position?
  • #346
  • Edited 5:18pm Nov 26, 2013 2:49pm | Edited 5:18pm
Quoting GDR3k
{quote} Did you get a profit out of that position?
Still holding +27... 8 pips away from next snag...
Edit I think I try to reach 0.9200. Now SL=BE, so just let it run if it does.
  • #347
  • Nov 26, 2013 4:49pm Nov 26, 2013 4:49pm
Quoting Forexgogo
{quote} Still holding +27... 8 pips away from next snag...
  • #348
  • Nov 26, 2013 6:13pm Nov 26, 2013 6:13pm
Boy, Oanda is not what it use to be
as I have been trading on the 4 hour or more or closing at noon or before 5pm EST

I did not need to worry about spread
but Oanda spreads were unbelievable
eurchf was 14 that is simply stop running
eurnzd was 30pips at one time
nzdusd was at least 14

on the hour trading that is not possible if you are using swings ad stops

so I will only trade following
and I have some trades on I am going to shorted my targets
Attached Image
  • #349
  • Nov 26, 2013 6:36pm Nov 26, 2013 6:36pm
Quoting TEB63
Boy, Oanda is not what it use to be as I have been trading on the 4 hour or more or closing at noon or before 5pm EST I did not need to worry about spread but Oanda spreads were unbelievable eurchf was 14 that is simply stop running eurnzd was 30pips at one time nzdusd was at least 14 on the hour trading that is not possible if you are using swings ad stops so I will only trade following and I have some trades on I am going to shorted my targets {image}
I recommend Global Prime. Been with them for about a year now, absolutely excellent.
Build good relationships with others.
  • #350
  • Nov 26, 2013 7:10pm Nov 26, 2013 7:10pm
This looks like a good place to touch base and get some guidance along the way.

(Global Prime have several threads on steve hopwoods forum, which they monitor closely. The are only mt4 though.)
Good Trading
  • #351
  • Nov 27, 2013 12:33am Nov 27, 2013 12:33am
This Is My Simple Trading Style. How You Think Guys..

Signal Trigger

  1. Basic From EMA 5, EMA 15 and EMA 30 Retracement or Crossover Upward / Downward.
  2. Retracement Trigger When Candlestick Touch EMA 5, EMA 15 and EMA 30

    1. When Uptrend Wait For Candlestick Touch EMA For Buy Order
    2. When Downtrend Wait For Candlestick Touch EMA For Sell Order

  3. Crossover Trigger When EMA 5, EMA 15 and EMA 30 Crossover

    1. When EMA 5, EMA 15 and EMA 30 Crossover From Downward For Buy Order
    2. When EMA 5, EMA 15 and EMA 30 Crossover From Upward For Sell Order

Chart Setup

  1. I Always Use 5 Minutes Timeframe

Take Profit, Stoploss

  1. I Always Take Profit 5 Points, But With Martingale.
  2. Never Use Stoploss, If Worried About Trend Directions Changes, I Set To 10 Points.

Pairs

  1. All Pairs But, I Usually Take Major Currencies.

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Making Ordinary To Be Extraordinary .
  • #352
  • Edited 4:00am Nov 27, 2013 3:46am | Edited 4:00am
Quoting Alonedevils
This Is My Simple Trading Style. How You Think Guys..
I think you need to try this on demo until you keep making profit at least 4 weeks.
And I have to tell you this;
Odds are pretty slim because of 5m, martingale, RRR, and no stop loss.
But you go ahead and try it on demo.
Good luck
  • #353
  • Nov 27, 2013 4:17am Nov 27, 2013 4:17am
Quoting Forexgogo
{quote} I think you need to try this on demo until you keep making profit at least 4 weeks. And I have to tell you this; Odds are pretty slim because of 5m, martingale, RRR, and no stop loss. But you go ahead and try it on demo. Good luck
Thanks For Advice, Thats Already Tested, But Still 1 week.
For 1 Hour Trade, I Use That 5 Minutes For Trigger, Oversold / Overbought Conditions. Average Points Still 5, But Can Open For Many Trade.
Making Ordinary To Be Extraordinary .
  • #354
  • Edited 5:58am Nov 27, 2013 4:35am | Edited 5:58am
Another simple one -- Channel and Resistant Big SL (for me) TP=TBD (1.62 or 1.60)

Edit SL hit -25
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  • #355
  • Nov 27, 2013 4:46am Nov 27, 2013 4:46am
Quoting Forexgogo
Another simple one -- Channel and Resistant Big SL (for me) TP=TBD (1.62 or 1.60) {image} {image}
Looks good, that pair looks to have just broken out of of a bullish flag pattern

Hows your AUDUSD long coming along?
  • #356
  • Nov 27, 2013 4:58am Nov 27, 2013 4:58am
Quoting GDR3k
{quote} Looks good, that pair looks to have just broken out of of a bullish flag pattern Hows your AUDUSD long coming along?
We'll see how it turns out.
AUDUSD, I chickened out +25. It's a shame
  • #357
  • Nov 27, 2013 5:09am Nov 27, 2013 5:09am
I have made at lease $2052 with the last two BE trade on at more then $600
1 lose
4 wins
2 BE still on
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  • #358
  • Nov 27, 2013 5:11am Nov 27, 2013 5:11am
Quoting TEB63
I have made at lease $2052 with the last two BE trade on at more then $600 1 lose 4 wins 2 BE still on {image}
  • #359
  • Nov 27, 2013 5:11am Nov 27, 2013 5:11am
Quoting Alonedevils
This Is My Simple Trading Style. How You Think Guys.. Signal Trigger Basic From EMA 5, EMA 15 and EMA 30 Retracement or Crossover Upward / Downward. Retracement Trigger When Candlestick Touch EMA 5, EMA 15 and EMA 30 When Uptrend Wait For Candlestick Touch EMA For Buy Order When Downtrend Wait For Candlestick Touch EMA For Sell Order Crossover Trigger When EMA 5, EMA 15 and EMA 30 Crossover When EMA 5, EMA 15 and EMA 30 Crossover From Downward For Buy Order When EMA 5, EMA 15 and EMA 30 Crossover From Upward For Sell OrderChart Setup...

not sure I would call this a simple system?
  • #360
  • Nov 27, 2013 6:11am Nov 27, 2013 6:11am
Nice Thread TEB.

My way of simplicity:
ONLY EMA(12) to identify trend. I use MASlope indicator. [Period = 12, Slope = 0]. Its a simple EMA that changes color with slope! (it changes color with trend)
ONLY ATR(50) to identify volatility.
ONLY EUR/USD to trade.
Blue vertical line is weekly open.
Purple dotted lines are Daily London open. I ONLY trade around this time.
Those small red & orange color rectangles are for news release time (Red= High impact, Orange= Medium Impact)

How I trade:
When green I buy, When red I sell. I trade for a profit in the direction of trend according to that day volatility. IF trend changes I change to other side but to get back the loss & call it a day till tomorrow.

That's it. How do you think?
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Attached File(s)
File Type: ex4 MAslope.ex4   3 KB | 446 downloads
Manage probability while following the TREND.
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