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Thread: Simplicity

  1. #1
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    Simplicity

    Hi everyone.

    Today, after looking at all the Forex **** I had on my hard-drive, I went thru everything and cleaned house!

    I've recently returned to "Naked Trading" and I deleted all the ebooks and videos on my harddisk that were, well, just plain **** and worthless.

    Feels good to finally put all the forex "hype" behind me and start thinking like a real trader should.

    Sorry for wasting your time if that's if how you feel after reading this, but today was a monumental shift in my thinking toward becoming a trader that actually makes a living trading. Only time will tell, LOL.

    My very best to everyone here.

    gbon

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    Re: Simplicity

    Intersting! Can you please give us more insight to your findings?

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    Re: Simplicity

    Quote Originally Posted by K12
    Intersting! Can you please give us more insight to your findings?
    My short answer to your question is that I've learned that trading Forex using too many indicators and "canned" strategies just don't work for me in the long run. There are short spurts of success, but no real month-to-month consistancy.

    Basic support & resistance, trendlines, and just plain paying attention to the price is what I am focussing on now.

    Scammers, wanna-bees, and diversionary tactics by brokers & bankers have polluted the internet with such a vast amount of misinformation it is no wonder that such a small % of traders successfully make a living by trading. Take a look at the e-book section here for example. Lots of dribble and mostly nothing solid, just one dissapointment followed by another. Last I checked, anyone regardless of qualifications (or experience) can write & post an e-book Mind you, I've posted my share of e-books and quite frankly I'm now embarressed for some of the garbage ebooks that I've posted. There are so very few good books out there!

    I plan on being in the winning percentile and I hope I've finally found what works for me

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    Re: Simplicity

    I think you are quite right; simplicity is king. I am glad that you have now found what works for you rather than letting yourself down by all the hypes out there! It is all about proper mindset, realistic goals, consistency and discipline rather than only finding that easy set and forget secret strategy or system!

    Thanks for sharing your insight. :arrow: I wish you best of luck. :arrow:

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    Re: Simplicity

    I agree with you too. Make indicators simplest as possible is the best way. If you have too many theories, and too many indicators, those are makes your mind shaky.
    To control the MANAGEMENT, step by step with own rules are important. Just like words - not the bypass to be success. :arrow: :peace:

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    Re: Simplicity

    all indicators are derive from MA, stoch, MACD

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    Re: Simplicity

    Congrats Gbon on finding your own Holy Grail!

    Regards,

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    Smile Re: Simplicity

    Dear Gbon my Buddy;

    Congeratulation :arrow:

    Btw can you help us by giving a recomendation book thts you called "good":
    There are so very few good books out there!
    So we can go straitgh to the point where's the great ebook, the good ebook, or ugly(Scam) ebook ?

    Your recomendation is very usefull & can be help many Forex Trader.

    Thanks before

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    Lightbulb Re: Simplicity

    Quote Originally Posted by 123
    all indicators are derive from MA, stoch, MACD
    100 % Agree Buddy,

    Almost all those Indicators mentioned above is base by "Avarage Price",

    thats why the result (profit) Traders who use Indicator as a trigger to entry position ; just take profit only an Avarage result(not optimal) .

    Diffrent Traders base price as main Indicator they can take an optimal profit.

    Sometimes Indicators we need, but just only for confirmation and/or as a filter our trades.

    But allways our trigger is based by price action itself.

    All The Best;


    :arrow:

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    Smile Re: Simplicity

    Hi Gbon,

    Congratulations & I hope it works good for you Bro... :arrow:

    Well, indicator can help you a lot if you know how to use them. Trendline, candlestick, fibo, even econonic news are indicators and those are good tools for traders. Indicators are like a traffic lights, they are helpful to avoid car accidents, but everytime you see a green traffic lights, it doesn't mean you must cross the crossroad without looking left and right roads.

    indicators only = :idea:
    price action only =
    indicators + price action + experience + money = :arrow:


    *The bottom line is each trader has to find their own way and learn what works for them...!


    Peace.. :ugeek: :peace:

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