Article Why Simple?

T2W Bot

Staff member
1,477 73
The answer is, because “simple” works, but that’s not enough information to fill up an article. So, let’s take a look at some unrelated examples to really see if “simple” is the best approach to most of the things we do.
Have you been to a gym lately where they offer personal training? I have been going to the gym for as long as I can remember and my routine has not really changed much over the years. These days, however, I see some interesting exercises going on during personal training sessions around me. I see people standing on one foot, on a big rubber ball, doing arm curls. The first time I saw something like that I thought of the circus. Just the other day I was bench pressing and to my left I saw this man walking toward me with his trainer right behind him, only this was no normal walk. The trainer had him taking huge steps and touching his knee to the ground while lifting a medicine ball over his head. I could have sworn I saw this before at a Cirque Du Solei show.
Don’t...

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Forexmospherian

Legendary member
39,928 3,301
I have good respect for Sam Seiden and always thought he was a good professional trader and have liked many of his supply and demand methods.

However - I have to differ with him on the KISS and keeping it simple stuff - nothing wrong with it - it can work with many subjects and skills - BUT - normally you get simple results - ie nothing to write home about.

We all know 75 -90% of all FX trader fail and not make consistent profits and results ongoing - and most give up.

For me the trouble is - most view trading as being simple and relatively easy to make continual wins and make money.

Reality is - it's NOT.

it can take 3 to 7 years for a part timer to master all the methods required to become a consistent trader making money. Trading is complex - there are so many factors to bring in the equation - yes we can all close our eyes and hope and then think if we get a winner its because we have read the markets correctly at that time of the trade.

The trouble is - after you do anything for over 5 or 10 + years and you get good at it - its then simple for you - and all newer traders are thinking - why can't I be that good in 3 months - it looks so simple

Experience - study - commitment - mindset control - luck - and time being able to spend years getting there - and then yes its simple - just like solving a rubic cube in under 5 mins and riding a unicycle whilst juggling 5 balls - its all easy when you have been doing it for years and years - but others may differ - ie the 75 -90% of traders who never really get there

Just my own view

Regards


F
 

evertontrader

Member
61 9
Do you not miss the major trends?

Your entry stratergy to me seems to require a pullback to the areas you call supply & demand zones. What happens when the market is moving in the direction of the prevailing trend or a simple strong breakout occurs and doesn't come back to your marked zones... you leave the trade behind?

Also the idea, buy at wholesale, sell at retail...is fine if the range top and bottom holds but how do you classify such price zones as wholesale and retail in a prevailing trend? If the asset is in a long term uptrend, a price that your stratergy deems retail will shortly become wholesale and vica versa in an downtrend. As the market oscilates up and down moving progressively in the direction of the prevailing trend, these zone classifications would quickly be overwriting each other unless a range is established, would they not?
 

TWI

Senior member
2,532 253
I agree with the idea of keeping it simple but you first have to understand your "edge". I did not understand a thing about how a trading decision was actually being made in the article. The easiest trades occur when you have good 3rd party transaction flow, good market information and experience of how to read same, then it is pretty simple, at least the odds tend to be in your favour. Cut all that out and you need to form your own opinion, then the edge is much smaller and the odds are a little less in your favour. When I place a trade I never really know if it will work out or not but I always have a good reason to place it and I always know where I take the hit and get out. This to me is the simplicity part and this is in my opinion more important than what indicators you are using.
 

SniperDaytrader

Member
93 43
KISS approach rarely works

I got quite opposite opinion on KISS approach to trading than the author. I do agree with the last part of retail vs wholesale price however. I wrote an article about it myself. Not sure if T2W will allow me to publish it here tough.
 

neil

Legendary member
5,167 747
Fishing trips

I agree with the idea of keeping it simple but you first have to understand your "edge". I did not understand a thing about how a trading decision was actually being made in the article. The easiest trades occur when you have good 3rd party transaction flow, good market information and experience of how to read same, then it is pretty simple, at least the odds tend to be in your favour. Cut all that out and you need to form your own opinion, then the edge is much smaller and the odds are a little less in your favour. When I place a trade I never really know if it will work out or not but I always have a good reason to place it and I always know where I take the hit and get out. This to me is the simplicity part and this is in my opinion more important than what indicators you are using.

These articles are not to teach you anything, well rarely, but to induce you to go to their site and purchase "how to trade" magic dust.
Am I a cynic?
 

winny

Junior member
11 0
simplicity is the best ,it makes me decide with No delay

simplicity is the best ,it makes me decide with No delay . anybody agree?
 

Tytus_Barnowl

Member
96 9
I've met Sam Seiden, he is actually quite a nice guy without a hint of pretentiousness or over inflated ego. For people who have nothing better to do than knock his principles then I ask this question:
What is wrong with indentification of Supply and Demand Zones on any chart, then waiting for price action to enter these Zones before executing a trade?
How you execute the trade is up to the individual, ema crossover, ichimouku cloud, point and figure counts, bolly bands close out close in, inumerable methods. Just have an answer to my first question before you knock what this article is all about.
 
 
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