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CCFp weekly signals (set and forget basket trading)

  • #13,121
  • Mar 29, 2018 5:59am Mar 29, 2018 5:59am
Quoting grandaevus
{quote} You haven't been posting in this thread since 30th of december. After so many weeks, is this your way to say hello by being sarcastic. First, whatever you think, being funny is a good thing but being smart ass is not. Second, neither me nor any other person in this forum has to surprise or satisfy you. And finally, I'm not going to spend one more second in this thread anymore since i don't want to surprise you.
I think that FXMadness in his own unique way, often the case with clever people, is asking you to continue.
I know I had a difference with you over Copyright some time back, you have probably forgotten ...
Maybe you can show you are the bigger person and for the sake of all here put forward your idea, deep down putting aside the possible language/communication barriers (happens on international sites) and share your efforts.
I suspect that you really do want to ... for the benefit of all ...
Cheers
When you are successful perhaps give a thought to others ... Kiva dot org
  • #13,122
  • Mar 29, 2018 8:41am Mar 29, 2018 8:41am
Quoting PayItForward
{quote} I think that FXMadness in his own unique way, often the case with clever people, is asking you to continue. I know I had a difference with you over Copyright some time back, you have probably forgotten ... Maybe you can show you are the bigger person and for the sake of all here put forward your idea, deep down putting aside the possible language/communication barriers (happens on international sites) and share your efforts. I suspect that you really do want to ... for the benefit of all ... Cheers
Close enough....
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #13,123
  • Mar 31, 2018 5:38am Mar 31, 2018 5:38am
This weeks results:

TUESDAY
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WEDNESDAY
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THURSDAY
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These will be the last results I post - if you look back at previous results you can see that it is more profitable with the use of the VB.
This test used the settings from Minigan - the only change I did was to close the basket each day at 20:45.
  • #13,124
  • Mar 31, 2018 2:11pm Mar 31, 2018 2:11pm
Quoting ppwest
This weeks results: TUESDAY {image} WEDNESDAY {image} THURSDAY {image} These will be the last results I post - if you look back at previous results you can see that it is more profitable with the use of the VB. This test used the settings from Minigan - the only change I did was to close the basket each day at 20:45.
Thanks, ppwest, for your contribution here. Had always been looking forward to your posts. Using the templates I have posted, and with generally the same parameters shown, I too have found the method profitable. I think the strong points of the method are 1)Using the VB, the entries are made as the mkt is moving in our favor. We are essentially being stopped into our trades. 2)We are entering/trading at a time in the trading day when largest moves are most likely. 3)Our exposure to the uncertainties of the mkt is not around the clock. Best Wishes, and Happy Easter ............Pippo
Vincit qui se vincit.
  • #13,125
  • Mar 31, 2018 2:24pm Mar 31, 2018 2:24pm
Dear all, there are a few principles in trading which no EA and or indicator and or indicator EA combination can read:
1. Support and resistance,
2. Price action
3. Don't trade positively correlated pairs together i.e. EURUSD and GBPUSD, you are doubling your risk if you enter i.e. a buy on both pairs.
Be assured - there is no holy grail in trading and trading is not a get rich quick scheme. I am a strong believer in trading the stronger currencies against the weaker currencies, within the parameters mentioned above. You can never take a trade on an indicator signal, without taking the above into account, therefore, taking trades from signals generated by an indicator blindly, with an EA, is extremely risky.
Time your trades as per image example below, both trades had a 34 pip s/loss (other non GBP pairs s/loss = 21 pips) and 250 pips in the bank. you need not trade everyday and it is not necessary to spend day in and day out looking at your screen to be a profitable trader as well as to make a good living from trading.
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  • #13,126
  • Mar 31, 2018 10:33pm Mar 31, 2018 10:33pm
Quoting G3org3
Dear all, there are a few principles in trading which no EA and or indicator and or indicator EA combination can read: 1. Support and resistance, 2. Price action 3. Don't trade positively correlated pairs together i.e. EURUSD and GBPUSD, you are doubling your risk if you enter i.e. a buy on both pairs. Be assured - there is no holy grail in trading and trading is not a get rich quick scheme. I am a strong believer in trading the stronger currencies against the weaker currencies, within the parameters mentioned above. You can never take a trade on...
G3org3,
Could you share some more regarding the screen shots you posted? Like, explanation of OTE, SweetSpot, Equilibrium, etc.
Thanks for your response,
TX
  • #13,127
  • Apr 1, 2018 8:25am Apr 1, 2018 8:25am
Quoting Tx15
{quote} G3org3, Could you share some more regarding the screen shots you posted? Like, explanation of OTE, SweetSpot, Equilibrium, etc. Thanks for your response, TX
Dear Tx 15,

For those who think the following is not appropriate to discuss on this thread, please inform and I will stop.

Background: I trade for a living since 2008. Pure price action, support and resistance and strongest weakest analysis.

Although I don't do day trading any longer for the past 7 years, I thought it good to post an example on a 1 hour chart. The principle works on all time frames.

This is not my own work ........ all credit to Michael J Huddleston: I stumbled across his free training a few years ago. (I believe he removed the free training from the web? He runs his own website: http://www.theinnercircletrader.com/) As far as I know there are a lot of free stuff available on YouTube.

At that stage I was consistently profitable and able to live a healthy life from trading, however, his tutoring took my trading to a next level........ with specific reference to making use of fib levels (which up to that stage I did not use) to time trade entries with precision with small stop losses. The profit taking levels, 127, 162 and 200 is the ultimate.

When you receive a "signal" from your strongest/weakest tool, like in this instance: CMSM wait for the pullback (Grandaevus mentioned same a couple of times) and time your trade entry. The fib as per screenshot gives a very good indication of where to enter trade with a small stop-loss, between fib levels 62 and 79.

I don't know your experience level, just for interesting sake: Support and resistance levels are zones - not a horizontal line to the pip - same with this - entry should be in the zone between 79 and 62 fib levels. I normally - in long trades add 5 pips to the price I want to buy at to factor in spread. You have to factor in broker spread. Longs/buys: price can reach your level where you decide to buy, your trade will not necessarily be triggered (because longs trigger on ASK price) because of the spread.

If you thus decide to long on Fib level 70,5 (sweet-spot)/ 1.2991, add 5 pips, buy @ 1.2996 - and your trade will be triggered.

Take profit and s/loss on buys triggers on BID price....... the price you see - don't need to adjust.

With short/sell trades, trades trigger on bid price - the price you see - however - you have to adjust s/loss and take profits to factor in spread - because they trigger on ask price - thus always add 5 pips to the desired level where you want to take profit and or ...... none of us wants to be stopped out .... be stopped out.

On your fib-tool add the levels: 70,5 = sweet-spot, and 79 = OTE (62 (61.8) and 79 = Optimal trade entry) for trade entries and add the levels: 127, and 200 (161,8 should already be on your fib). I round off fib figures to a round number, it should actually be 62(61,8), 127 (127,2) etc. It makes such a small difference - it is just easier for me to use round numbers.

You are more than welcome to contact me via e-mail if needed.
  • #13,128
  • Apr 1, 2018 3:03pm Apr 1, 2018 3:03pm
G3org3,

Thanks for such an excellent response...just now got back on PC and awaiting NYO. I have followed this thread for quite some time and simply hanging back waiting for Jess's final version with possibly a PDF summarizing the EA. However, when I read your post, it tweaked my interest as I firmly believe in S/R and PA. The combination of Grandaevus's CMSM, and what you have just shared, offers a compelling possibility for my trading mindset.

Again, thank you for taking the time to share,
TX
  • #13,129
  • Apr 2, 2018 1:23am Apr 2, 2018 1:23am
Quoting Tx15
G3org3, Thanks for such an excellent response...just now got back on PC and awaiting NYO. I have followed this thread for quite some time and simply hanging back waiting for Jess's final version with possibly a PDF summarizing the EA. However, when I read your post, it tweaked my interest as I firmly believe in S/R and PA. The combination of Grandaevus's CMSM, and what you have just shared, offers a compelling possibility for my trading mindset. Again, thank you for taking the time to share, TX
Tx15, Bank holiday today ........... not a good trading day............ besides that - it is Monday. If day trading ........ Mondays and Fridays not advisable to trade. If i.e. GBP stronger than USD = trend up ........ the low of the week normally takes place on between Mondays and LO Tuesdays, and reaches max on Thursdays - London session on Fridays - best trading days = Tuesday - Thursday. 1 or 2 good, high probability set-ups per week with a 1:3 -5 RR, is more than enough to make any trader wealthy. Over trading is 1 biggest sins in trading.
  • #13,130
  • Apr 2, 2018 2:07am Apr 2, 2018 2:07am
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  • #13,131
  • Apr 2, 2018 8:34am Apr 2, 2018 8:34am
Quoting G3org3
{quote} Tx15, Bank holiday today ........... not a good trading day............ besides that - it is Monday. If day trading ........ Mondays and Fridays not advisable to trade. If i.e. GBP stronger than USD = trend up ........ the low of the week normally takes place on between Mondays and LO Tuesdays, and reaches max on Thursdays - London session on Fridays - best trading days = Tuesday - Thursday. 1 or 2 good, high probability set-ups per week with a 1:3 -5 RR, is more than enough to make any trader wealthy. Over trading is 1 biggest sins in trading....
Morning G3org3, not active today as I am on the road. Thanks for the heads up anyhow as I always appreciate thoughts from fellow traders. I did send you a private message and I'm about to send another regarding your previous post.
Have a great day,
TX
  • #13,132
  • Apr 2, 2018 10:08am Apr 2, 2018 10:08am
Tx15, although not a day to trade due to bank holidays and ..... Monday, still, CMSM indicated a buy on CADJPY - on 15M, (timing - this what its all about) the buy after pullback on sweet-spot reached 1st profit target = 18 pips, bank 70% of profit on 127 fib level and move s/loss to BE + spread + 1 - then free trade. Did not reach second profit target ........ who cares, its a free trade. Trade would have been stopped out @ zero loss and a healthy profit banked. @ Trade volume 1 full lot = $169.38 banked..............
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  • #13,133
  • Apr 2, 2018 10:13am Apr 2, 2018 10:13am
Quoting G3org3
Tx15, although not a day to trade due to bank holidays and ..... Monday, still, CMSM indicated a buy on CADJPY - on 15M, (timing - this what its all about) the buy after pullback on sweet-spot reached 1st profit target = 18 pips, bank 70% of profit on 127 fib level and move s/loss to BE + spread + 1 - then free trade. Did not reach second profit target ........ who cares, its a free trade. Trade would have been stopped out @ zero loss and a healthy profit banked. @ Trade volume 1 full lot = $169.38 banked.............. {image}
CADJPY has dropped 45-50 pips in just the last 2 hours.
  • #13,134
  • Apr 2, 2018 10:23am Apr 2, 2018 10:23am
Quoting G3org3
Tx15, although not a day to trade due to bank holidays and ..... Monday, still, CMSM indicated a buy on CADJPY - on 15M, (timing - this what its all about) the buy after pullback on sweet-spot reached 1st profit target = 18 pips, bank 70% of profit on 127 fib level and move s/loss to BE + spread + 1 - then free trade. Did not reach second profit target ........ who cares, its a free trade. Trade would have been stopped out @ zero loss and a healthy profit banked. @ Trade volume 1 full lot = $169.38 banked.............. {image}
it seems like your pullback method would work best on the Daily Signals.......not so much on the Weekly and Monthly
  • #13,135
  • Apr 2, 2018 10:33am Apr 2, 2018 10:33am
Quoting G3org3
{quote} Dear Tx 15, For those who think the following is not appropriate to discuss on this thread, please inform and I will stop. Background: I trade for a living since 2008. Pure price action, support and resistance and strongest weakest analysis.
Hi G3org3,
thanks for your detailed informations. May i ask how you concretly involve the CSM into your trades as the screen from post 13125 shows a trendchange...from buy to sell. Thanks.
Have a nice day
  • #13,136
  • Apr 2, 2018 10:39am Apr 2, 2018 10:39am
Quoting bojack34
{quote} it seems like your pullback method would work best on the Daily Signals.......not so much on the Weekly and Monthly
I don't use CMSM as a tool to determine strongest/weakest currencies for various reasons, however it seems to be working if signals applied to shorter time frames.

Pullback method works excellent on higher time frames However, it is a waiting, waiting, waiting business with much larger s/losses and far bigger rewards. I am not a day trader = only trade 4 hours (for entry timing only) and above and take 3 - 4 trades per month, sometimes less.
  • #13,137
  • Apr 2, 2018 10:44am Apr 2, 2018 10:44am
Quoting G3org3
{quote} I don't use CMSM as a tool to determine strongest/weakest currencies for various reasons, however it seems to be working if signals applied to shorter time frames. Pullback method works excellent on higher time frames However, it is a waiting, waiting, waiting business with much larger s/losses and far bigger rewards. I am not a day trader = only trade 4 hours (for entry timing only) and above and take 3 - 4 trades per month, sometimes less.
it's a good thing you didn't use it for this particular trade on CADJPY.......it's now dropped over 70 pips and counting..........still no Daily Signal for a SELL CADJPY........looks like a lagging indicator for price movement
  • #13,138
  • Apr 2, 2018 12:54pm Apr 2, 2018 12:54pm
Quoting bojack34
{quote} it's a good thing you didn't use it for this particular trade on CADJPY.......it's now dropped over 70 pips and counting..........still no Daily Signal for a SELL CADJPY........looks like a lagging indicator for price movement
Hi Bojack34,
Yes, I agree with you that the pair has now dropped considerably; however, G3org3 had already pulled 18 pips on the 15m and was in a free trade that was closed out. He does have the 3 profit levels to shoot for, but I believe after the 1st PT is reached he moves into a free trade situation.
Hope things are going well for you Bojack34,
TX
  • #13,139
  • Apr 2, 2018 1:22pm Apr 2, 2018 1:22pm
Quoting Tx15
{quote} Hi Bojack34, Yes, I agree with you that the pair has now dropped considerably; however, G3org3 had already pulled 18 pips on the 15m and was in a free trade that was closed out. He does have the 3 profit levels to shoot for, but I believe after the 1st PT is reached he moves into a free trade situation. Hope things are going well for you Bojack34, TX
Haha.....now all of sudden CADJPY shows up on the D1 signals as a SELL.........ummm a little too late for that move
  • #13,140
  • Apr 2, 2018 1:52pm Apr 2, 2018 1:52pm
Quoting bojack34
{quote} it's a good thing you didn't use it for this particular trade on CADJPY.......it's now dropped over 70 pips and counting..........still no Daily Signal for a SELL CADJPY........looks like a lagging indicator for price movement
I don't trade: Mondays, short term and more - I don't trade CAD, if, PA would have kept me out of the short term trade. I only posted as an example. On daily upwards JPY is still stronger than CAD. CADJPY buy is a no go because of that.
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