Now that my years of forced mental/psychological/spiritual "tribulations" are coming to an end , after nearly 4.5 years, it is now time to concentrate fully on trading. Other activities ( seminars on geopolitics have been agreed, but my passion is still trading). I am seeing so many methods - and I am still to finish one very hard to read book ( just done 10% of it), that I want to check how simple methods work. So i will be trading moving average crossover ! lol Something everybody has heard about and believes "does not work". The benefit of this thread : monitor my discipline in cutting losses short, following a simple plan, keeping track of every single trade ( with screenshots), keeping stats of it, and seeing how I enjoy a simple trading strategy like that.
As a first step, I am obviously going to review a lot of youtube threads on moving averages crossover. I will look to the simplest, simplest , simplest strategy I can reduce it to and this is what I will be trading . This is an excellent exercise in "screen watching" says the coach. - what is the simplest simplest simplest strategy out there ? - heu heu heu ; moving average crossover. but it does not work - OK so you have to make such a strategy work
I really want to get something really simple and idiot proof and super lazy way of trading. The only problem is that this is certainly going to be a super boring way of trading. let's see how they complicate things.
More ways to trade successfully than I care to count There are PA environments where a MA crossover approach will suffer… there are also PA environments where a MA crossover approach will excel Become proficient at differentiating the two Then Pick your instrument Learn how your instrument "typically" moves Pick your TTF Pick a setting(s) for the MA(s) – knowing no one setting will always capture every move – and jumping back of forth between settings will kill your account Create your plan…, approach / methodology Add anything else you deem necessary ==================== Now.., for the fun part.., many would rather forgo Master – taking every signal…, controlling every loser.., allowing every winner to run ========================= As with most things trading related – relatively simply..., yet in no way easy My thoughts; Trading is only idiot proof… once the trader no longer acts an idiot Mkt does not suffer idiots..., or lazy traders Finally; It'll be exactly as boring.., and..., simple / complicated - as you make it RN
Don't be afraid to simultaneously put up different MA crossover charts on the same product - each with different timeframes ( 5, 15 , 60 , 360 minute etc) - it might just open up new vistas for you ! You're on the right track and keep up the good work and perseverance. You'll also find RN's past posts to be quality information, btw. I am personally a big proponent of multiple timeframes.
Hi, One of the most popular moving average crossover methods is the floor trader method 9/18 EMA, and it variants: http://www.trading-naked.com/FloorTraderMethod.htm http://www.trading-naked.com/FloorTraderMethodExamples.htm Since it is a trend-following method, an indicator for trend confirmation may be needed. In the following example, I believe that Handle123 used MACD: http://www.elitetrader.com/et/index.php?threads/new-trader-in-japan.131917/#post-1997999 Good luck.
I like Super_Ego's method of using MAs: http://www.elitetrader.com/et/index.php?threads/superego-takes-over-et.6827/