FX Bandit
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What about a two day lag on posting. I'd find the methodology and thought process very interesting.
Presently, in my mind, "long pin bar with stochastic confirmation at previous turning point" is akin to "she's studded from a real winner and her trainer is a beast".
I've realised I know so little about how these things actually operate on the professional (market moving) level I honestly can't even form an trade-able opinion on a market any more, although that's probably a blessing.
Scose,
Simple really is (in my opinion) the best approach for a small trader. My approach is:
Location first, then a trigger, top it off with a quick look round to make sure you're not running straight into parity or something similar. Chuck in trend lines, divergence, whatever, if it makes you feel better, although personally I wouldn't bother.
The key for me is to identify where I think there might be significant order flow and wait till you get a signal as to which way it's likely to move. Both of these can be done very quickly and very simply.
Most people do not, and never will, understand that the method is the easiest part of trading. The ability to pick a good entry really is nothing to shout about.
Conquering impatience, fear and greed is the hard part. Impatience leads you trade when you shouldn't. Fear and greed prevent you from cutting your losses and profiting properly from your winners.
The other main obstacle that new traders face is the inability to understand that no-one can give you a "system" or a method. You must design it yourself, test it yourself, and ensure that it suits your personality. That will give you the confidence to trade your method successfully.
Now on that basis, if anyone wishes to say what I wrote is nonsense, all well and good. If they believe it to be so it certainly will be, at least for them.
If somebody needs 10 indicators and 6 MAs, that is absolutely fine. All things are derived from price after all and what matters is that your method works in your hands.
I like to look at the market for what it really is - people buying and selling. Buying and selling is what gives you your profits and losses, and all one must do is to position oneself on the right side of it. This will never change, and never can change. Hence my focus on the most basic tools - they have a tendency to reveal, where more complex ones often serve only to confuse.
That is why I prefer simple charts - it allows me to focus on what is significant, not what is incidental.
If you want a tip (or even if you don't) study support and resistance. Boring, old-fashioned, known by everyone. It is the single most powerful tool you have.