Simplicity

[arcian]

Re: Simplicity

 

can you explain strategy

[thomy]

Re: Simplicity

 

would be great to get some more details about your method, thank you.

[Csh-flow]

Re: Simplicity

 

Could you please send more information about your method?

[willtrader]

Re: Simplicity

 

I couldn't agree more with the first post, I wouldn't go so far as deleting all the literature i've collected though. For all I've read I believe 95% of it was of no use to the way I trade, however, I believe that reading it was not a waste and integral to where I am today. Granted there is a lot of misinformation and perhaps information overload, but I think one needs this to come to the gross realisation that everything they had was in front of them all along, without a fancy indicator. [The stronger this realisation, the greater the impact on your trading]. Once you reach this point, all that stands between you and success is your own psychology and trying to balance the chances of sucess with the demands of risk.

[qwert321]

Re: Simplicity

 

i guess it's fine to read on books and potentially use interesting ideas to aid in our trading, if they seem useless, we just don't use it and get back to what we are using. But simplicity is still the key, i am still trying to understand that though.

[captaindancow]

Re: Simplicity

 

Simplicity is nice ... is nice ... i love it too ... :-bd

[sedoley]

Re: Simplicity

 

simplicity is simply the simplest method of trading. S/R, Pivots and news to get market consciousness. KISS KISS KISS KISS. simple \m/ :-bd

[metalaxe]

Re: Simplicity

 

buy low. sell high.

 

simples

[Billy1713006094]

Re: Simplicity

 

Hi Gbon,

 

New here and probably dumb question am wondering how your "Naked Trading" is going, am guessing very well!!!!!

[wadesworld]

Re: Simplicity

 

Even if you have deleted them you cannot help to use some of the knowledge that they contained. There are books written back in the early 1900's that still help people today in the markets.

[Albert666]

Re: Simplicity

 

Psychology and "some" simplicity are ones of keys to forex, you could had regularity too.

[jenava2002]

Re: Simplicity

 

Simplicity is best policy - only when it does work,doesn't it?

[hadi82]

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 you confused

[Livi1]

Re: Simplicity

 

:) Mind coming and cleaning my Forex storage :) I have lots of crap there :)

[bokkie78]

Re: Simplicity

 

I only use SMA while trading that's all. Simplicity the best :-bd

[saronian]

Re: Simplicity

 

Back to the basics. Indicators are always lagging.

Price action. S&R, pivot points and fibonacci are all you need to trade.

 

All the besttrading in yr new strategy

 

Yes I repeat price action (I use candle stick pattern), major and minor S&R and fibonacci.

The rest is your experience.

[sam_konna]

Re: Simplicity

 

Simple often seems to work best.

 

Aggree with you dude ... :-bd

 

I trade only a same way from m15 with the direction who gave by H4 MACD (4,20,4); in other word i trade at m15 with MTF MACD (4,20,4) set to 240 (h4) Timeframe. ... =D>

[vladv]

Re: Simplicity

 

I also trade now using only pivot lines,S/R levels and some really good trading signals providers!And I can tell you that is is better this way with no more squiggly lines and fancy indicators.....

[imatache]

Re: Simplicity

 

There's trend setters and trend followers. We are those little fish that stick to the back of a big shark for a 2 mile trip. Go with the trend, stay away from low activity hours. Always pay attention to volumes and avoid false breakouts. Simple as that

[TOUIZI]

Re: Simplicity

 

Money managment too ? X_X

[ting]

Re: Simplicity

 

I have also recently come to the conclusion that most indicators look great when you look back on the charts but get you into trouble in real time trading, particularly on the shorter time frames. Trend lines, S&R, pivots and Fibs are what I am trying although I have to admit I still contiue to test new indicators that I come across, guess its just a bad habit.

[fx2248]

Re: Simplicity

 

I am deleting my indicators slowly heading for trading price action, S&R , Fibonacci and Candles.

 

I have found Steve Nisons books on candles very good and have really opened my eyes to candlestick patterns and how to use them.

 

I like the hammers, evening stars and engulfing candles best. Pinbars and Inside Bars are good as well.

[cdavis5766]

Re: Simplicity

 

I have also recently come to the conclusion that most indicators look great when you look back on the charts but get you into trouble in real time trading, particularly on the shorter time frames. Trend lines, S&R, pivots and Fibs are what I am trying although I have to admit I still contiue to test new indicators that I come across, guess its just a bad habit.

I couldn't have said this better. I can't seem to get away from trying any new indicators that I come across. But in the end they all lagg. I found the best way to trade is simple horizontal s&r lines off a weekly chart. Pull up weekly chart go back 10 years or so and put a line at every major stopping point that you come across and watch how even today price will still stall or reverse at those same levels

[mulri]

Re: Simplicity

 

I agree with you 100%..!

 

I was also using once upon a time the lagging indicators and incurred heavy losses.

 

They are the pitfalls when we trade at lower tfs.!

 

I now just use what you said above at H4 and daily and put my pending orders at H1.!

 

Believe me... it works well and well enough. These trades can guarantee you, 100% confirmed "10 Green Pips".!

 

Remember if you do 1 lot trades alone, you can very easily bank $100 in just a few minutes or even in seconds at times. Enough know...?

 

$100 a day for 21 days equals $2100 a month..! Wow... where can you get..? thats too even for just an hour of workings a day..! Nope..! No Where..!

 

This is what I am doing right now... Really my losses came down drastically and my profitability, confidence and profits-consistency increases much.

 

Price Action + Candle Sticks knowlege are the very very very importantt keys to Forex Success with CONSISTENT Profits...!!!

[M1Scalper]

Re: Simplicity

 

I take Trendlines and follow the Trend. I trade Breakouts at the Asian/European and NY Session. Thats All . Take not too much Pairs. Its enough volume for Pips in 1-2 Pairs.