this is my version of simple profitable method.......
1 timeframe.....preferably EOD........or use constant volume bars large enough to cover ave. daily volume........okay now why 1 timeframe? because time fractals are infinite.......you can look at tick charts, 1 minute charts, 5/10/15/17/33/57/83/100/ect minute charts, daily, weekly, monthly, quarterly, yearly, decade, or even centennial charts using time bars...........then you can use another set of infinite variants in volume charts........stop the bullshit........just pick ONE TIMEFRAME.......and MASTER IT.......stop thinking your missing out on some secret time fractal or combo of timeframes because you're not.
1 trend.........again use one simple trend indicator whether its SMA, EMA, linear regression, whatever........just pick one and master it...........don't fool yourself into thinking that you need some secret combo of 2 or more.........thats bullshit......if you think like that then you're just hell bent on making simple and easy things hard and complicated.......pick one and master one........and totally forget about countertrend trades - as dustin said they are 2x harder than trend trades and 1/2 as profitable (or something like that.....but it was golden quote).
1 entry/exit.........this has already been proven by b1s2 and others.........traders that scale in and out are scared and usually trade to maximize win% instead of amount of $ won......its just an ego thing admit it.
many markets..........you have thousands to choose from......never put all your eggs into one basket........there will always powerful trends to trade.........just be careful your positions aren't too highly correlated with one another.
1 timeframe.....preferably EOD........or use constant volume bars large enough to cover ave. daily volume........okay now why 1 timeframe? because time fractals are infinite.......you can look at tick charts, 1 minute charts, 5/10/15/17/33/57/83/100/ect minute charts, daily, weekly, monthly, quarterly, yearly, decade, or even centennial charts using time bars...........then you can use another set of infinite variants in volume charts........stop the bullshit........just pick ONE TIMEFRAME.......and MASTER IT.......stop thinking your missing out on some secret time fractal or combo of timeframes because you're not.
1 trend.........again use one simple trend indicator whether its SMA, EMA, linear regression, whatever........just pick one and master it...........don't fool yourself into thinking that you need some secret combo of 2 or more.........thats bullshit......if you think like that then you're just hell bent on making simple and easy things hard and complicated.......pick one and master one........and totally forget about countertrend trades - as dustin said they are 2x harder than trend trades and 1/2 as profitable (or something like that.....but it was golden quote).
1 entry/exit.........this has already been proven by b1s2 and others.........traders that scale in and out are scared and usually trade to maximize win% instead of amount of $ won......its just an ego thing admit it.
many markets..........you have thousands to choose from......never put all your eggs into one basket........there will always powerful trends to trade.........just be careful your positions aren't too highly correlated with one another.
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