sorry this post is the same one down it..accured because of double clicking the submit button

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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.

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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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Malcik

When I first learned how to drive a car, it was manual stick shift by the way.. I was amazed by the way my instructor drive he was changing gears and stepping on the clutch and looking with one I in the car mirror and the other on the side one and talking to me..that was truly amazing I thought he was genius and no matter what my older friends told me about driving is so easy and it'll take no time, I thought he was still a genius few months later I was doing the same plus looking at the shops while I'm driving and some times talking on the mobile and looking fro a good music to hear on the radio. it doesn't mean that I became more genius than he was but after a while your back mind starts working on its own and what you see now as impossible becomes possible and after a while easy and at the end it becomes a second nature. Does that mean you'll never have an accident of course not but the odds are you'll have more accidents in your first period of learning and starting to drive your car and this probability becomes less and less as the time pass still you can here about a guy who has been driving for years and he had a an accident or a terrible one or he died in an accident it get lesser but still could happen.. so it's the same in trading at the beginning you see it hard then you start your learning curve and you start accumulating experiences and in your first months or year you might blow some demos or even real but as the time pass you have things just things in the back of your mind that tells you not to take this trade or to feel comfortable to that one some times you even predict the market moves, does that mean that once you're there you'll never lose again? NO but chances are less.. still some of the great traders goes bankrupt once or twice at least in there life(I read that in an article with a famous trader..i just can't remember the name) also that doesn't mean that you don't need indicators or it's just gut feeling, no but it add to your trading personality and give it the style that I'm talking about..that's why people have there different vehicles but still if you want to go back safely home you'll follow certain rules in traffic or if you see a ball crossing the street you'll stop caz most probably a kid will be there in a second ..so the different cars are trading systems and the traffic rules are the common style and the certain mistakes that all the drivers or traders .. successful ones for sure, follow to avoid having an accident or a major loss in trading…
At the end my advice to you is to trade the bigger time frames thats where the money is and use the small time frame just to pinpoint the entry..my main TF is 4H and I go down to 5m to get my entry and after that I don't look at it to avoid blood pressure(see that’s the similarity between Simba and me) and don't ever never let the market get to you and say I'm going to change my stop to avoid losing 50 instead of 30 if you didn't like the loss from the beginning don't take the trade ,this game is all about emotions and there is a lot of simple ,big time frame, and profitable system take a look at the fozzy method at forex factory ..well it seem like another long post from me and its weekend go have some fun

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Hi cementman,

Man, another great post Thanks for your thoughts, I'll think about them and bear them in mind. The stick shift analogy is good... I like stick shift too and it's true that I hated it when I was first learning how to use it ... well I hope that a losing trade doesn't feel so bad like stalling while driving a stick shift
I'll check the Fozzy Method and I also downloaded the book you mentioned.
I look forward to your future entries.

Cheers

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Malcik

Glad you liked it..just tell me what book you're looking for and i'll try to help you with..i have a huge library of PDF's trading books clloected over 9 years.

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Hi cementman,

I've got one idea. You said you really couldn't bring your insights and knowledge on a paper, which is understandable. What do you think about setting up a real-time chat room where you would 'think aloud' about the market's current action and where we could discuss. Well it wouldn't really be that much real-time since you trade on H4 chart... so short discussions every 4 hours... but anyway, JohnnyDenver69 did this nearly a year ago and thanks to that several people became good traders... Unfortunately I didn't even know about Forex back then so I couldn't attend.
Or, if you don't like typing, there are means for you to do the input verbally with the audience sending you messages through a chat room. MPlay on WoodiesCCIClub forum did a bunch of free option trading classes online this way.

What do you think?

Thanks

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Malcik

Sounds good ideea a chatroom
Traders help traders

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well i don't mind at all just tell how it could be done i realy do hate typing so if you gaot any ideas on how to do it feel free to tell us about it..caz i'm very bad i technology stuff i don't even know how to make a movie or an audio file and post it so if you wanna make a live chat tell me what software and how to do it that would be a good idea in fact

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Hm i can make a chatroom but i dont know if we find some free software where you can type verbaly.
any sugestion Malcik ?

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