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09-30-2006, 04:37 AM
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K.I.S.S. Keep It Simple Stupid!
It seems like each day there is another complicated trading system in development. I am quite surprised to see the trading population dig into more complex methods combining various indicators to profit from the financial markets. How many confirmations does one need? By the time all your indicators confirm a buy or sell signal, your entry point is towards the end of the price swing.
K.I.S.S. Keep it simple stupid! Simple methodologies have been proven to work in the financial...
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By
Soultrader
on
02-19-2007, 07:38 AM
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Re: K.I.S.S. Keep It Simple Stupid!
Ok, I was not aware of a system called KISS or Niolap. The whole point of the article was to emphasize that trading is best kept simple. I was not referring to a single trading system or a specific trading methodology. Alot of new traders get caught in the analysis paralysis trap.
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By
cyrilchiang
on
02-19-2007, 07:52 AM
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Re: K.I.S.S. Keep It Simple Stupid!
KISS does stand for what it says as an acronym, but it is also an indicator.
I agree we don't need to learn all indicators available. But, since asked, will anyone interpret KISS Formula - TC2000 PCF's - TradeOn.com in plain English? (I mean those math in red text) |
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By
slableak
on
02-19-2007, 09:42 AM
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Re: K.I.S.S. Keep It Simple Stupid!
Soultrader, I also concentrate my efforts on trading price. I have tried 100's of indicators and never found one that was what I was looking for completely. I heard about a group called Tsunami Trading who only trade price. I liked that idea and went on this pursuit. It has helped turn my trading around. I have very few indicators now. I dont use them to look for a trade. I find my trades using trend lines I draw on price. I confirm the trade sometimes with indicators in 1 subgraph. I use the major portion of my charts for price. I like your idea about tape reading and I am going to see how that compliments what I am already doing. Thanks!
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By
GCB
on
02-19-2007, 09:47 AM
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Re: K.I.S.S. Keep It Simple Stupid!
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By
Soultrader
on
02-19-2007, 10:04 AM
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Re: K.I.S.S. Keep It Simple Stupid!
GCB... I started looking at volume now
 Its actually volume delta that plots the number of buying volume in green and number of selling volume in red. The greater of the two gets placed on top. Its a great visual tool to gauge supply vs demand at key turning points.The only reason why I didnt plot volume previously was because I can see the volume off tape. I still read alot of tape but the volume delta makes the visual element alot easier now. |
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By
Soultrader
on
02-19-2007, 10:25 AM
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Re: K.I.S.S. Keep It Simple Stupid!
Yes check the indicator forum for "Volume Delta".
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By
Robert2617
on
02-22-2007, 12:08 PM
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Re: K.I.S.S. Keep It Simple Stupid!
Being reletively new to trading and absolutely new to TradeStation, I have been on a hunt for the past 2 months for the best trade indicators that suit my planned style of trading. That being said, I now have a huge collection of TS indicators of all types and fashions with all types of bells and whistles.
The point that I would like to make is that after seeing with my own eyes, all these indicators in action, I have come to the conclusion that while some are pretty good, it appears to me that it is easy to confuse yourself with indecision by using too many at a time. You have this one saying "Buy", this one saying "Wait" and another saying "Sell". And to top it all off, none of the indicators I have seen to date are more accurate than the good old MA's. To show what I mean I have attached an image from yesterday. On this picture I have PaintBars, 3 MA's, Auto Channel Lines, Auto Pivots, and a Swing HiLo indicator. To me, this is all you need (maybe a little too much for some) to get a clear picture of what the market is doing and what I need to do to make a good trade. The plan is when red crosses white, make the trade. Blue is there to show the trend and keep you in or out in the bumpy times. |
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By
TinGull
on
02-22-2007, 12:24 PM
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Re: K.I.S.S. Keep It Simple Stupid!
Hey Robert...intense chart
Something to keep in mind with it all...those indicators are lagging ones. Price reigns supreme, and those are accounting for price after a certain amount of bars. For instance...my charts are set up relatively simple. All I really need at this point is chart attached. The pink lines are Market Profile levels, and the other lines are daily and weekly price pivots. My plan is strictly on Market Profile, so I don't need much else on there. I went through the indicator craziness stuff once...and really, as you said...it confused me to no end. Simpler is much better...and I think when you start looking deeper into the market you'll see that it is much simpler than what you've got there. It's not easy...but it is simple. |
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LinkBacks (?)
LinkBack to this Thread: http://www.traderslaboratory.com/forums/f43/k-i-s-s-keep-it-480.html
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| Posted By | For | Type | Date | |
| digg / All / Upcoming | This thread | Refback | 09-30-2006 06:13 AM | |
| digg / All / Upcoming | This thread | Refback | 09-30-2006 05:58 AM | |
| digg / All / Upcoming | This thread | Refback | 09-30-2006 05:32 AM | |
| digg / All / Upcoming | This thread | Refback | 09-30-2006 05:13 AM | |
| digg / All / Upcoming | This thread | Refback | 09-30-2006 04:48 AM | |
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