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Why Simple is better in trading and Complex is not

  • #381
  • Nov 27, 2013 10:28am Nov 27, 2013 10:28am
A lots of set-up forming on the 1hour -TEB 50/14 system
  • #382
  • Edited 8:02pm Nov 27, 2013 11:02am | Edited 8:02pm
new
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  • #383
  • Nov 27, 2013 11:14am Nov 27, 2013 11:14am
Quoting TEB63
A lots of set-up forming on the 1hour -TEB 50/14 system
An iron constipation ahead of me (yellow line)
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  • #384
  • Nov 27, 2013 11:20am Nov 27, 2013 11:20am
what is an iron constipation ?
  • #385
  • Nov 27, 2013 11:24am Nov 27, 2013 11:24am
Quoting TEB63
what is an iron constipation ?
Strong S/R areas -- hard to go through, hence, "iron strong constipation."
  • #386
  • Nov 27, 2013 11:39am Nov 27, 2013 11:39am
great set up forming
to bad tomorrow is the USA thanks giving
so tomorrow and Fridays will be no trade days for me.
or at the least out before London closes!!


may well close up all trade before 4pm today
  • #387
  • Nov 27, 2013 11:40am Nov 27, 2013 11:40am
Quoting Forexgogo
{quote} Strong S/R areas -- hard to go through, hence, "iron strong constipation."
that is what I thought
thx
  • #388
  • Nov 27, 2013 11:42am Nov 27, 2013 11:42am
Quoting TEB63
great set up forming to bad tomorrow is the USA thanks giving so tomorrow and Fridays will be no trade days for me. or at the least out before London closes!! may well close up all trade before 4pm today
aagh..forgot abt thanksgiving. Will close all mine by NY Open tmrw. oh well...
  • #389
  • Edited 9:17pm Nov 27, 2013 3:12pm | Edited 9:17pm
closed the last of the 1st set of 7 trades I put on - with the holiday in the USD tomorrow - I closed it down 56 pips

I made $2490 on all 7 trades together
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  • #390
  • Nov 27, 2013 8:46pm Nov 27, 2013 8:46pm
great set up - might be the 1st on 2 moves down before it really moves down

the 2 issues with taking the trade
(1) price did get back to channel
(2) is a holiday in the USA
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  • #391
  • Nov 27, 2013 11:41pm Nov 27, 2013 11:41pm
Quoting TEB63
closed the last of the 1st set of 7 trades I put on - with the holiday in the USD tomorrow - I closed it down 56 pips I made $2490 on all 7 trades together {image}
  • #392
  • Nov 28, 2013 4:17am Nov 28, 2013 4:17am
the last of my trades for the week on the eur and chf

audusd did as I thought it would
- I might have taken last night knowing there was a 50% I would get taken out
I would have put on the 2nd trade if I was taken out ( with a 1 to 3 RRR I would still win )
- but with today as a holiday I did not take the trade either trade

I will be watching the two trades I have and will close on or before 11am
I will not want to take a loss on them
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  • #393
  • Nov 28, 2013 6:28am Nov 28, 2013 6:28am
Quoting TEB63
audusd did as I thought it would - I might have taken last night knowing there was a 50% I would get taken out I would have put on the 2nd trade if I was taken out ( with a 1 to 3 RRR I would still win ) {image}
Man, I missed the boat... (AUDUSD 2nd one)
  • #394
  • Nov 28, 2013 6:44am Nov 28, 2013 6:44am
Quoting Forexgogo
{quote} Man, I missed the boat... (AUDUSD 2nd one)

I did not take that trade either
1) it was to late in the day and close to the holiday
2) it was a bit tricky seeing were the entry was -
- was a Trend line break entry
I know you are trading on the 15min- there might have been a good entry on it. I did not check it.
  • #395
  • Nov 28, 2013 6:56am Nov 28, 2013 6:56am
Quoting TEB63
{quote} I know you are trading on the 15min- there might have been a good entry on it. I did not check it.
15m -- I took EURUSD +25 in 30 min
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  • #396
  • Nov 28, 2013 6:58am Nov 28, 2013 6:58am
Quoting Forexgogo
{quote} 15m -- I took EURUSD +25 in 30 min {image}

great stuff!!!!
  • #397
  • Nov 28, 2013 7:20am Nov 28, 2013 7:20am
Quoting TEB63
{quote} great stuff!!!!
Hey TEB63, I'm a big fan of your threads (have read most of them).
What methods/systems do you think is the best to trade 1h (and/or 15m)?

I love your SAM50 +CCI. Do you thing there is better one?

I see a lot in common in your methods in terms of trading philosophy -- no BS analysis, no making up stories/scenarios.
Maybe only the difference is money management. I firmly believe fixed SL/TP that earns steady small profits for a long time in any market conditions.
  • #398
  • Nov 28, 2013 7:41am Nov 28, 2013 7:41am
Quoting Forexgogo
{quote} Hey TEB63, I'm a big fan of your threads (have read most of them). What methods/systems do you think is the best to trade 1h (and/or 15m)? I love your SAM50 +CCI. Do you thing there is better one? I see a lot in common in your methods in terms of trading philosophy -- no BS analysis, no making up stories/scenarios. Maybe only the difference is money management. I firmly believe fixed SL/TP that earns steady small profits for a long time in any market conditions.

thx what ever works
Stops and targets is a personal thing
  • #399
  • Nov 28, 2013 7:43am Nov 28, 2013 7:43am
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  • #400
  • Nov 28, 2013 6:48pm Nov 28, 2013 6:48pm
Hey TEB, from your last chart on your last post, I notice this is a couple of times now you have taken a trade against the slope of your sma50.

Is this because you checked a higher T/F or are you looking at something extra, such as the channels that are now appearing on your charts?
Good Trading
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