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Old 05-05-2007, 08:49 PM
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Malcik Malcik is offline
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Quote:
Originally Posted by cementman
Malcik..it realy doesn't matter the system that a person use i'm sure there is a lot of wining systems out there and if you read shwager's book the market wizards or a lot of the articles with succesfull traders for instance you'll see that every trader has he's own method but there is a lot of similarity in there way of thinking or there attitude they all keep certain rules they follow and they are nearly the same..so about the style which i still insist it is more than a system it would be known at a point of time caz i've already done that with a lot of people and for free, but the advantage is that they were here in my city and i did that one 2 one caz it can't be fully explained via papers only..and among these people who learned some of them is cnsidering quiting his job to be a full time trader and the other had lost some money and after a while he said this is not my game and some of them are coming back to me and saying there lost and they want me to trade there money for them which i refuse, but the irony is that the 3 kind of people toke the same information from me, but look what each of them had end up with .

I've taken a look at your chart and i attched what i would've done caz it seem like your market is similar to our market here in Egypt and i suggest the same to the people here to drow it as a line chart and keep it simple, just go long when it breaks previous high and with a proper money management they should be doing good caz we don't have short selling here till now(oh in the picture i don't mean by out is to let the market turn around on you all that but you should be out of most of your position at least 2/3 and when it says out is the last third that you've put on the break even)..i think they'll start it next month or so..good luck on your tarding and have agreat weekend.
Hi cementman,

Thanks for the picutre. Yes, keeping it simple is the key to robustness. What you showed in the picture is Joe Ross-like style. I really like for its profitability, simplicity, and robustness... however I've had trouble applying it to the FX markets. Any simple approach systems look to me difficult to trade in the FX markets. They seem to be too much 'jagged', with a lot of noise... maybe due to all the MetaTrader EAs and other low-cost automated trading? Or maybe I'm wrong... what do you think? To me, markets other than FX just look 'smoother' and therefore the simple indicators (which bear no risk of being overfitted) work better. What is your opinion?

As far as trading our exchange, yes it has been easy for past years when it was nicely trending. Well, you basically didn't need technical analysis in the first place. You just bought any stock and held it and you couldn't have lost. I'm not surprised it was similar in Egypt, these are all emerging markets. The question is, how much longer they will be emerging and neatly trending upwards

Thanks for your comments.
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