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Why Simple is better in trading and Complex is not

  • #361
  • Nov 27, 2013 7:00am Nov 27, 2013 7:00am
Quoting khanderoo
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...
Interesting. In your way of simplicity, how you read ATR(50) ?
Humble & Kalcker CLO2 = Covid killer
  • #362
  • Nov 27, 2013 7:29am Nov 27, 2013 7:29am
Quoting jusiur
{quote} Interesting. In your way of simplicity, how you read ATR(50) ?
I use it to put S/L & also to know when profit is enough.

For profit: Anything less than ATR(50), I'm not interested. More is OK & isn't fixed but ONLY IF I'm in pure profit & no losses in the book for today. IF there are losses, I will take profit at BE or little profit just to chill and call it a day.
For Loss: IF price goes the other side more than ATR(50) value; its an ALARM. I will also have the trend change signal as final warning too. When trend changes I change side to get the loss back. Some times it will change more than two times. The trick is to stick with it till you get a run (so sometimes it needs me to watch it a lot of hours). Some times I increase my stake to get back loss in a smaller pip range.

I've tried to educate my brain using the +10K hour rule to trade without thinking .
SO before day starts I will put my current equity value as a base & will try to hold on to it or increase it. A daily routine.
Manage probability while following the TREND.
  • #363
  • Nov 27, 2013 7:43am Nov 27, 2013 7:43am
Quoting khanderoo
My way of simplicity: ONLY EMA(12) to identify trend. {file}
What are those red and orange marks on the chart?
I like the look of the chart, BTW
  • #364
  • Edited 8:56am Nov 27, 2013 7:47am | Edited 8:56am
TEB63 SMA50+CCI modified for 15m (I go with a stoc turn)
Edit SL hit -10
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  • #365
  • Nov 27, 2013 8:01am Nov 27, 2013 8:01am
managing trades
closed one
moved SL on other
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  • #366
  • Nov 27, 2013 9:02am Nov 27, 2013 9:02am
Quoting khanderoo
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...
Nice looking and simple system buddy! Are those small red & orange color News time rectangles from an indicator or you put them there manually?
If it is an indicator, would you mind sharing that too? Tnx mate.
  • #367
  • Edited 9:27am Nov 27, 2013 9:11am | Edited 9:27am
Quoting LITEchild
{quote} Nice looking and simple system buddy! Are those small red & orange color News time rectangles from an indicator or you put them there manually? If it is an indicator, would you mind sharing that too? Tnx mate.
Oanda has it on their platform
  • #368
  • Nov 27, 2013 9:33am Nov 27, 2013 9:33am
Quoting shellsnail
And my personal favourite: one that I will be watching closely... {image} {image} {image} {image}
Went into reversal zone...having some reaction now.

in fact it was 1 pip shy of optimum entry.
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  • #369
  • Nov 27, 2013 9:43am Nov 27, 2013 9:43am
Quoting Forexgogo
{quote} What are those red and orange marks on the chart? I like the look of the chart, BTW
Thanks.
They are the put there manually as a way to see when important news are coming according to FF calender. Red = High impact. Orange = Medium impact. I do this before I start trading.

Regards,
Manage probability while following the TREND.
  • #370
  • Nov 27, 2013 9:44am Nov 27, 2013 9:44am
Quoting khanderoo
{quote} Thanks. They are the put there manually as a way to see when important news are coming according to FF calender. Red = High impact. Orange = Medium impact. I do this before I start trading. Regards,
Good idea!! Thanks
  • #371
  • Nov 27, 2013 9:55am Nov 27, 2013 9:55am
Quoting TEB63
{quote} Oanda has it on their platform

  • #372
  • Nov 27, 2013 10:00am Nov 27, 2013 10:00am
Quoting shellsnail
{quote} Went into reversal zone...having some reaction now. in fact it was 1 pip shy of optimum entry. {image}
So, you didn't enter? I saw a classic doube top on 15m...
  • #373
  • Nov 27, 2013 10:58am Nov 27, 2013 10:58am
We will either bounce or Break
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  • #374
  • Nov 27, 2013 11:18am Nov 27, 2013 11:18am
Quoting TEB63
We will either bounce or Break {image}
Watching!
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  • #375
  • Nov 27, 2013 11:20am Nov 27, 2013 11:20am
Quoting Forexgogo
{quote} Watching! {image}

when you do channels do the farthest point and work back you missed a point on your chart on the bottom

swings renew channels
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  • #376
  • Nov 27, 2013 11:26am Nov 27, 2013 11:26am
Quoting TEB63
{quote} when you do channels do the farthest point and work back you missed a point on your chart on the bottom swings renew channels {image}
Like this??
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  • #377
  • Nov 27, 2013 11:30am Nov 27, 2013 11:30am
Quoting Forexgogo
{quote} So, you didn't enter? I saw a classic doube top on 15m...
I was sleeping, and I don't trade counter trend, so I wait for a reaction first.
Build good relationships with others.
  • #378
  • Nov 27, 2013 11:34am Nov 27, 2013 11:34am
see the blow up then back into channel
in uptrend the top of the channel and swings down are not as important as the bottom
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  • #379
  • Nov 27, 2013 11:46am Nov 27, 2013 11:46am
Quoting TEB63
see the blow up then back into channel in uptrend the top of the channel and swings down are not as important as the bottom {image}
Understood. Good to know Thanks!
  • #380
  • Nov 27, 2013 12:23pm Nov 27, 2013 12:23pm
been a good day so far...
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