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  • #11,261
  • Aug 2, 2017 11:17pm Aug 2, 2017 11:17pm
Quoting jjwint
{quote} That is true . . . but almost every coach has at least played HIS POSITION well. All coaches also serve a "coaching apprenticeship" where they learn how others played theirs. Here's my underlying issue with Mark Douglas: If you look at the "fine print" . . . Douglas was really a coach for people who ALREADY HAD AN EDGE . . . not for newbies or people struggling to find a method. So if you're trading 5 contracts of the e-mini and you have trouble pulling the trigger on 10 or 15 . . . then maybe a guru like Douglas can help you. But neither...
That is very true. No amount of trading advice is going to help you (Douglas' or other coach's) if you don't have a method or an approach that has an edge. The psychological advice might help you to lose money slower.
Invincibility lies in the defence; the possibility of victory in the attack
  • #11,262
  • Aug 3, 2017 1:40am Aug 3, 2017 1:40am
turned the computer on 30 mins too late for this perfect set up!
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  • #11,263
  • Aug 3, 2017 2:00am Aug 3, 2017 2:00am
Short. Dax.
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A fast +9
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  • #11,264
  • Aug 3, 2017 2:57am Aug 3, 2017 2:57am
if you stick to Clives rules you get winners over and over again..chart 1 min DAX
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  • #11,265
  • Aug 8, 2017 8:31am Aug 8, 2017 8:31am
trade brewing...
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  • #11,266
  • Aug 8, 2017 8:37am Aug 8, 2017 8:37am
short dax
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wasnt to be. out -7.7 pips
  • #11,267
  • Aug 8, 2017 12:56pm Aug 8, 2017 12:56pm
nice short to give me 30 pips.
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Dax, 3 block Renko, CCI 8, 75 and 10 LWMA, Heiken Ashi
  • #11,268
  • Aug 8, 2017 5:34pm Aug 8, 2017 5:34pm
Quoting Joseph95
Hello guys, subscribed to the thread. I like very much the logic behind this. I'd like to use the latest .tpl of the latest version, where can i find it? Cheers! P.S Is this system good also on timrframes like h1, h4, daily, etc?
Cannot remember where the latest TLP is, but here are most of the indicators that Clive suggests. The main ones are CCI and the MA in Color and anything else that you feel would be required to make your own template.
Attached File(s)
File Type: ex4 MA_In_Color.ex4   10 KB | 926 downloads
File Type: mq4 Clive's Histogram CCI.mq4   7 KB | 1,234 downloads
File Type: ex4 #Daily Range PeterE.ex4   8 KB | 723 downloads
File Type: ex4 #JF_TradingTimes.ex4   30 KB | 685 downloads
File Type: ex4 #top 8 trenders all brokers.ex4   24 KB | 892 downloads
File Type: ex4 _HOD_LOD_Close_1.ex4   5 KB | 735 downloads
File Type: mq4 clives 10 LWMA subtle trend hinter.mq4   < 1 KB | 1,066 downloads
File Type: ex4 Clive's Strongest Weakest Indicator.ex4   13 KB | 969 downloads
File Type: ex4 P4L CandleTime.ex4   9 KB | 695 downloads
File Type: ex4 pipsometer_5_decimal.ex4   7 KB | 714 downloads
Galatians VI As you sow so shall you reap.
  • #11,269
  • Aug 8, 2017 5:58pm Aug 8, 2017 5:58pm
A couple more. All indicators are only a support for PA, and some would say the fewer the better, obviously all of these are not use together. IMO it can be used in any time frame, especially the pullback aspect of Clive's system, but in this forum has been used mostly in 1 and 5 min and Renko.
A couple of very important posts by Clive if you have not already read them are, 8,353 for entries and 9,732 for an update.
Good Trading.
Attached File(s)
File Type: ex4 quick draw auto v2.ex4   5 KB | 701 downloads
File Type: ex4 1 min Tick Value Modified 1.ex4   5 KB | 683 downloads
Galatians VI As you sow so shall you reap.
  • #11,270
  • Aug 13, 2017 12:28pm Aug 13, 2017 12:28pm
Quoting thomond
{quote} Cannot remember where the latest TLP is, but here are most of the indicators that Clive suggests. The main ones are CCI and the MA in Color and anything else that you feel would be required to make your own template. {file} {file} {file} {file} {file} {file} {file} {file} {file} {file}
Thank you very much!
  • #11,271
  • Aug 16, 2017 12:46am Aug 16, 2017 12:46am
Quoting Pipglutton
....and 36 pips more. This Pivot strategy knocks the stuffing out of Murrey Maths (only my two cents worth) when it comes to scalping and intraday... {image}
Hi Pipglutton. Can you please share this Pivot strategy and the template and indicators?
  • #11,272
  • Aug 16, 2017 7:03am Aug 16, 2017 7:03am
Thank you for highlighting a couple of important posts, and a big thanks to everyone who has contributed to this thread.

There is no way I could read through the whole thread, but if anyone has some pointers to other posts which may be useful, that would be greatly appreciated.
  • #11,273
  • Aug 17, 2017 4:40am Aug 17, 2017 4:40am
Quoting coolheat320
Thank you for highlighting a couple of important posts, and a big thanks to everyone who has contributed to this thread. There is no way I could read through the whole thread, but if anyone has some pointers to other posts which may be useful, that would be greatly appreciated.
Hi Coolheat. The intensity of your hunger for success should drive you to read through this thread for invaluable free information.You can browse through quickly and pick posts that catch your sight.Its not easy to provide pointers because the usefulness of posts is subjective and people could point you to something you do not necessarily consider helpful bearing in mind that the relevance of posts also depends on your level of expertise in this industry and whether or not you are a scalper etc.
  • #11,274
  • Aug 17, 2017 7:38am Aug 17, 2017 7:38am
Quoting ichikuse
{quote} Hi Coolheat. The intensity of your hunger for success should drive you to read through this thread for invaluable free information.You can browse through quickly and pick posts that catch your sight.Its not easy to provide pointers because the usefulness of posts is subjective and people could point you to something you do not necessarily consider helpful bearing in mind that the relevance of posts also depends on your level of expertise in this industry and whether or not you are a scalper etc.
Hi ichikuse,

Thank you for the advice. I guess it's just a little daunting when you see so many posts on 1 thread, but then again, I have managed to find what I would consider a majority of the useful posts. Thank to the various ppl who have highlighted these across the thread.

Cheers
  • #11,275
  • Aug 17, 2017 7:49am Aug 17, 2017 7:49am
Quoting coolheat320
Thank you for highlighting a couple of important posts, and a big thanks to everyone who has contributed to this thread. There is no way I could read through the whole thread, but if anyone has some pointers to other posts which may be useful, that would be greatly appreciated.
COOLHEAT320 . . . . . Start here and go backwards. You'll find that many people have asked the same question and summaries have been provided. You could spend 2-3 days and get most of what's important.

You should also look at Post #1.

This is a very simple approach. Step 1 and THE most important step . . . find a market that's strongly trending up or down. Try to find the BEST market to trade. The BEST market will move in one direction and make short, precise pullbacks. Think of pulling a rubber band and letting it go. It snaps. You want market that is "snappy." This is a SUBJECTIVE assessment. Trust your own brain. However, I believe Clive uses a tool to distinguish among various markets and that's all explained. But if you don't have that tool, just trust your eyes and brain to tell you if a market is suitable.

#2 Once you have a directional, snappy market, wait for a pullback. Most people use the 8 pd CCI. In an uptrend, you want the CCI below -100. In downtrend a CCI pullback should be above 100.

#3 Buy/sell. Keep a tight stop. Even the "snappiest" market will have complex pullbacks. Ideally, the pullback will be 3-4 bars and then snap, off it goes. But sometimes, it will pullback 3-4 bars, turn around, then pullback again. That's the nature of markets. There are simple and complex corrections. Personally, I always assume that a correction will be complex. There are lots of tools that can help you with this aspect of trading.

Two final tactical comments: I, personally, prefer virgins. In other words, I like to find a new trend and then take the FIRST correction and maybe the second. After that, maybe a third correction will work. Generally, the more corrections the less the probability for success.

Use a trendline to supplement the moving average.

I hate to burst your bubble with this last comment, but . . . this is not a perfect system. There is no such thing. This system is just a tool.

A good trader can make money with ANY system just like a good soldier can kill with any weapon and a good driver can learn to drive any vehicle.

It's not the system . . . it's YOU.
  • #11,276
  • Aug 17, 2017 10:38am Aug 17, 2017 10:38am
Quoting jjwint
{quote} COOLHEAT320 . . . . . Start here and go backwards. You'll find that many people have asked the same question and summaries have been provided. You could spend 2-3 days and get most of what's important. You should also look at Post #1. This is a very simple approach. Step 1 and THE most important step . . . find a market that's strongly trending up or down. Try to find the BEST market to trade. The BEST market will move in one direction and make short, precise pullbacks. Think of pulling a rubber band and letting it go. It snaps. You want...
Thank you for the advice, I completely understand what you're saying. I will continue to plough through the thread and attempt to make it work for me, it seems like plenty of traders have managed to successfully utilise the method in one way, or another.

Thanks again.
  • #11,277
  • Aug 17, 2017 10:41am Aug 17, 2017 10:41am
Quoting jjwint
{quote} COOLHEAT320 . . . . . Start here and go backwards. You'll find that many people have asked the same question and summaries have been provided. You could spend 2-3 days and get most of what's important. You should also look at Post #1. This is a very simple approach. Step 1 and THE most important step . . . find a market that's strongly trending up or down. Try to find the BEST market to trade. The BEST market will move in one direction and make short, precise pullbacks. Think of pulling a rubber band and letting it go. It snaps. You want...
This might be a random question, but are you JJRVAT? The name is somewhat similar, just like the trading style
Attached File(s)
File Type: pdf Day-Trading_2.0[1] JJRVAT.pdf   4.7 MB | 2,248 downloads
Invincibility lies in the defence; the possibility of victory in the attack
  • #11,278
  • Aug 17, 2017 12:25pm Aug 17, 2017 12:25pm
Quoting BBalazs
{quote} This might be a random question, but are you JJRVAT? The name is somewhat similar, just like the trading style {image}
LOL . . . . uh . . . no. Just me. John. But I will read the PDF. Always interested in other's perspectives.

BTW . . . one thing I thought about adding . . . the market that we home traders experience on our computer screens is RARELY about Supply & Demand . . . nor is it about "liquidity" or any of the noble things everyone claims it is for.

It is about LARGE TRADERS (LTs) taking money from SMALL TRADERS (STs) through a series of manufactured traps in which they accumulate positions then fake you out so you'll put on a stop they can later use to buy/sell at better prices.

Moves that appear totally random are usually traps being set for traders. Even with the system in this thread . . . most of the pullbacks are manufactured to create fear and allow LTs to accumulate positions at better prices.

Always imagine that you're entering a huge casino whose purpose is to rob you and you will see the market in a new way.
  • #11,279
  • Aug 18, 2017 6:51am Aug 18, 2017 6:51am
Quoting jjwint
{quote} LOL . . . . uh . . . no. Just me. John. But I will read the PDF. Always interested in other's perspectives. BTW . . . one thing I thought about adding . . . the market that we home traders experience on our computer screens is RARELY about Supply & Demand . . . nor is it about "liquidity" or any of the noble things everyone claims it is for. It is about LARGE TRADERS (LTs) taking money from SMALL TRADERS (STs) through a series of manufactured traps in which they accumulate positions then fake you out so you'll put on a stop they can later...
So how do you propose a solution to this? I stand to be corrected but i think one of the ways to avoid so called manufactured traps is to trade when there is market moving data/info for high probability trades and also to trade key levels and buy/sell on break of support/resistance.
  • #11,280
  • Aug 18, 2017 9:58am Aug 18, 2017 9:58am
Quoting ichikuse
{quote} So how do you propose a solution to this?
Well, you can't "avoid" it. It's like death and taxes.

I can only tell you what I do.

I go in understanding that the market is designed to take my money through "price action." So I don't just look at price patterns. I look at what's happening "behind the patterns."

The Large Traders want to accumulate . . . they HAVE to buy many contracts or sell many contracts to build a position. it's usually possible to see this happening if you know what to look for.

I try to avoid these obvious "accumulation areas."

But for the Large Trader to make a profit, the market has to move. At some point is has to break out and take off. So I wait patiently for it to happen and try to ride their coat-tails.

IMO, the method outlined in this thread is EXACTLY how you ride coat-tails. You wait for the big moves up or down and then you take pieces of it on the pullbacks.

This has been expressed for decades in many different ways. For example, many Elliott Wave traders will ONLY trade impulsive swings and avoid corrective swings.
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