No, it's not. Virtually nothing is good in a non-trending market.

Trading Made Simple(r)

I won't speak specifically about this particular trade, but generally speaking, you should only use indicators and trading methods that "you" really believe in, and that is usually best accomplished through back-testing. It has long been my ...

Trading Made Simple(r)

It's just a way of comparing apples to apples.

Trading Made Simple(r)

Excellent! Excellent! Excellent! Congrats.

Trading Made Simple(r)

I spent many, many years trying to perfect my stock trading method. I won't say that I've done that, but just like in hand grenades and horseshoes, I only need to get close to win...and THAT I have successfully done. The great strength to my stock ...

Trading Made Simple(r)

I did hint...I said... "Nor have I have shown them to anybody and I never will. But again, the hint is, they are "chart patterns" (and not the common ones everyone knows about) that repeat over and over again on EVERY chart, in every time frame, in ...

Trading Made Simple(r)

Yes, but you really need to shoot for 1.5:1 or 2:1.

Trading Made Simple(r)

[quote=btrfx1;13860432] Thank you for your post. I probably have about the largest personal library of trading books and trading videos that you will likely ever see. I've posted a picture of it in this thread in the past. I am not bragging, ...

Trading Made Simple(r)

(My) testing showed that letting all 3 units run and exiting all 3 at the same time was more profitable vs. exiting one unit at a time at different levels. Run --> It means staying in until they get stopped out by way of an indicator (or hit a ...

Trading Made Simple(r)

As an example, most often, if it's a Long trade, I just simply place my stop just under the low of 2 bars back (about 3-5 pips below), or just under the low or a large bar, if a swing low is very close I often use that. I do not currently place ...

Trading Made Simple(r)

I see no misunderstanding. You hurt yourself. You did so by coming to this thread and posting numerous and obvious contradictions. I merely pointed them out.

Trading Made Simple(r)

1. I hate inform you but moving averages ARE INDICATORS and you put 13 of them on your charts...13!, all the while telling people that "I prefer going as simple as possible, hence using Big E's system at its simplest" 2. You did tell people, you ...

Trading Made Simple(r)

I find it rather perplexing that you would say this (and post the charts above) considering that you've posted lots of charts ALL with numerous indicators that look similar to this chart (below) that you posted in this thread (below)... AND all ...

Trading Made Simple(r)

That's an interesting way to see the RSI from the higher time frames. Well done! I did it a little bit differently, because after so long of watching the charts be a certain size, I didn't want to change them. Here's how I did it so you can see the ...

Trading Made Simple(r)

To be honest, I read that book nearly 30 years ago and I don't remember now why I liked it so much, I just pulled it off of my bookshelf and browsed through it. The first thing I noticed was that I had marked about 1/2 the book with yellow ...

Trading Made Simple(r)

There's a saying in trading... Too Many Traders "Eat Like a Bird and Shit Like an Elephant" meaning...they take small profits and large losses. One of the most renowned commodity traders ever told me that he didn't care how often he was wrong, just ...

Trading Made Simple(r)

You're welcome. A couple of observations about the USDCAD... image 1. On the Weekly chart, price basically went down to and bounced at/near the lower trendline, so that's not a good sign for the shorts right now. 2. The way I enter (if I was ...

Trading Made Simple(r)

I completely understand your frustrations. I used to have them sometimes trading the 4 hr. Forex too. BUT, I finally wised up and started trading Daily charts and taking guidance from the Weekly chart. So you might want to consider doing that also. ...

Trading Made Simple(r)

I am not sure who you are asking the question, but I will tell you my opinion. Personally, I only ever exit when the indicators tell me to as you never know how far a trade can go. So how do I know when the indicators are telling me to exit? There ...

Trading Made Simple(r)

Thank you for posting the number of the post I made. That helped a lot. In all honesty, I had not remembered in what context I was talking about as to how to use the 20sma and the 200sma. So in the context of using them to tell you to only trade in ...

Trading Made Simple(r)