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Trading is as simple as ABCD

  • #521
  • Jun 24, 2014 2:33pm Jun 24, 2014 2:33pm
Quoting Vantage
{quote} Fair enough. Stick to rules for 30 trading days, that should create a habit. Critically assess all trades for compliance, (none system winning trades might set you off on another tangent) losing system trades get extra attention (eg time of day, length of run/4th/5th abc in run etc etc) to try and determine a pattern in failed losing trades. I haven't seen anything yet to move me away from the short rules list posted a few times over the last few days.
Makes sense I think my biggest problem is discipline and patience will develop the habit of waiting for the right set up every time.Trust me I am going to make this work if its the last thing I do.
Feel the Fear and do it anyway!!!
  • #522
  • Edited 4:07pm Jun 24, 2014 3:25pm | Edited 4:07pm
Quoting Vantage
{quote} I am terrible at certain things, jockeying at the top of the list for nr 1 spot is trying to find a trade from dozens of pairs. Thankfully I know and accept my limitations..
Here Mr V.

Maybe this might help you with which pairs to trade I use my top trender indy and set the first column to the 1 minute using the 100lwma, thats 3 on matype, and lookback = 15 so 15 mins. Then look at top 4 trenders only having them open on same screen and using the window "Tile vertically" with both "auto scroll" and "chart shift" both ticked.

Looks something like this, just have to keep changing the pairs over as the top 4 changes, if you want just use the 5 min top trenders as don't need to change them over quite so much and has much the same effect just the top 5 min trenders but as you can see same pairs top in both tables 1 min and 5 min.

I'm using the 1 min trenders here and the setups look pretty cool don't they, even at this time of night. Of course GBPAUD and EURAUD look similar as do GBPNZD and EURNZD so sometimes I drop one of each out and bring in numbers 5 and 6 on table.

Could always take the top trenders indy off of 3 pairs and just have it on the one "master" pair. Might make it easier to read chart but to be honest its fine as it is and when something is setting up I just enlarge that chart to see more detail and time the entry better.

Attached Image (click to enlarge)
Click to Enlarge Name: My Screen shot.PNG Size: 88 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd+m1.png Size: 54 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd+m1.png Size: 51 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud+m1.png Size: 55 KB


Attached Image (click to enlarge)
Click to Enlarge Name: euraud+m1.png Size: 50 KB


Don't look too bad to trade do they?

By the way just noticed that the rating figure for the slope looks good around or over 20, might be useful for future reference.

Hope that helps.
Feel the Fear and do it anyway!!!
  • #523
  • Jun 24, 2014 4:05pm Jun 24, 2014 4:05pm
Just updated post 522 with some pretty useful information so might be worth a second look as changed quite a bit re-editing after posting.

Let me know what you think???
Feel the Fear and do it anyway!!!
  • #524
  • Jun 24, 2014 4:07pm Jun 24, 2014 4:07pm
Quoting Vantage
Hi Clive I think we are making some progress. You are going to trade trend so I hope that means the early warning cci210 retrace within -100 +100 band is gone? For what its worth the 1 min chart didn't push euraud higher, price pushed higher (turned out to be a nice 85/15 trade after US open). For what its worth 2 - The last time euraud was in the 1.4500 area it took 1,800+ minutes to move lower (NB No mention of HTF's).
Yes and then a great 00/25 trade after London close. Simple 4:1 with a wider than needed 5 pip SL but with spreads on EURAUD widening a bit after London closes as the day drags on 5 pips is safe enough.

Attached Image (click to enlarge)
Click to Enlarge Name: euraudm1.png Size: 92 KB
Today's zone = Tomorrow's opportunity!
  • #525
  • Jun 24, 2014 4:10pm Jun 24, 2014 4:10pm
Quoting clivepackham
Just updated post 522 with some pretty useful information so might be worth a second look as changed quite a bit re-editing after posting. Let me know what you think???
When did you change your CCI's to 20 and 300?
Today's zone = Tomorrow's opportunity!
  • #526
  • Jun 24, 2014 4:15pm Jun 24, 2014 4:15pm
Quoting pres78
{quote} Yes and then a great 00/25 trade after London close. Simple 4:1 with a wider than needed 5 pip SL but with spreads on EURAUD widening a bit after London closes as the day drags on 5 pips is safe enough. {image}
Nice trade pres78

And your spread doesn't look too bad to me??? Is that 0.4 of a pip spread???? On EURAUD??? Bloody good if you ask me, who's your broker???

Have you seen my 522 post about the top trenders??? Should help find the best pairs to trade without scanning through every chart.

By the way whats your view on going to BE and how do we decide when to take profit???

I think we're getting there, don't you???
Feel the Fear and do it anyway!!!
  • #527
  • Jun 24, 2014 4:20pm Jun 24, 2014 4:20pm
Quoting pres78
{quote} When did you change your CCI's to 20 and 300?
Very observant young sir, I always use to use 20 as my base period trading 1 mins as kept me out of some shite trades so thought I'd give it another go. Helps on these more volatile pairs I think. Only disadvantage is we might miss some really good trades if pullbacks not too deep?? But then as long as the price comes back say 10 pips from last low or high so we have room to get to BE then maybe just work from cci crossing zero and going back??? Just a thought??

To be honest its more about the shift in momentum going from pullback direction back to trend direction, so like I say as long as price has pulled back enough for us to manoeuvre to BE between point C and point B we should be ok to enter.
Feel the Fear and do it anyway!!!
  • #528
  • Edited 5:35pm Jun 24, 2014 5:15pm | Edited 5:35pm
Quoting clivepackham
{quote} Nice trade pres78 And your spread doesn't look too bad to me??? Is that 0.4 of a pip spread???? On EURAUD??? Bloody good if you ask me, who's your broker??? Have you seen my 522 post about the top trenders??? Should help find the best pairs to trade without scanning through every chart. By the way whats your view on going to BE and how do we decide when to take profit??? I think we're getting there, don't you???
I have accounts with a few different ECN brokers that I am testing and working with at the moment. That chart was from a new broker I am testing Capital Trust Markets and yes that says 0.4 pips which for end of day is pretty good. It is comparable to the spread seen this time of day on my other ECN brokers.

BE and take profit is something that needs to be built into ones plan and is still something I am testing now for these 1 minute entries. I am leaning towards a 2 part trade with TP1 at 2:1 or even 1.5:1 and the second TP open. I will trail based on ADR and also swing lows or highs and lastly the trend CCI and clues that something more than a small retrace may be coming. Haven't decided yet whether a fixed say 5:1 on part 2 may be better rather than trailing. May miss some bigger moves but also may get more trades locked in. As for BE this will depend on SL size as I want to protect but still give the trades room to run when they choose to. That why for me a modified version of my main MM strategy may be in order. For me protecting my trade my closing half at 1 or 1.5 or 2:1 and then leaving the second half to ride is as good as moving the whole thing to BE. This way I bank some profits (good for the ego) and can leave my SL fully exposed with no risk. In fact if I can get 1.5 or 2:1 on part 1 then even if SL is hit I walk away in the green.
Today's zone = Tomorrow's opportunity!
  • #529
  • Jun 24, 2014 5:40pm Jun 24, 2014 5:40pm
Quoting pres78
{quote} I have accounts with a few different ECN brokers that I am testing and working with at the moment. That chart was from a new broker I am testing Capital Trust Markets and yes that says 0.4 pips which for end of day is pretty good. It is comparable to the spread seen this time of day on my other ECN brokers. BE and take profit is something that needs to be build into ones plan and is still something I am testing now for these 1 minute entries. I am leaning towards a 2 part trade with TP1 at 2:1 or even 1.5:1 and the second TP open. I will...

That broker sounds very good with the spreads whats the commission charge???

I like your MM idea very, very clever that taking a 1.1 TP then leave existing stop where it is as its the same as whole trade at BE. I think from my experience of 1 min moves that would work very well as the first pullback nearly always threatens the entry point so I very often get knocked off at BE then watch trade race off in my direction. But your idea of taking half at 1:1 is awesome, probably about or around first resistance at point B when first pullback comes back to our entry.

Of course the original stop is usually ok as behind one of our key levels or other so survives the first pullback. After that first retest of our entry we should then move to BE on other half as a 2nd retest usually means reversal. That way we will lock in some profit too.

Yep I like that idea , I like that a lot sir, great stuff.
Feel the Fear and do it anyway!!!
  • #530
  • Jun 24, 2014 6:01pm Jun 24, 2014 6:01pm
AUDUSD after NYO. Trend said down so we short. I marked two entries.

#1 aggressive (but still low risk) as the MA's were just crossing. #2 all of the stars are aligned.

6 pip SL on entry #1 with SL tucked above the 100LWMA. At it's max hit 5:1.

4 pip SL on entry #2 with SL tucked above the 100LWMA. At it's max hit 7:1.

Divergence on the CCI 14 between the two entries adding weight to entry #2.

ADR for last 60 days is 57 and we had only moved 37 so another 20ish to go from the pre NYO days low. We ended up moving 65 today.

Attached Image (click to enlarge)
Click to Enlarge Name: audusdm1.png Size: 135 KB
Today's zone = Tomorrow's opportunity!
  • #531
  • Jun 24, 2014 6:43pm Jun 24, 2014 6:43pm
Simple test short on AUDUSD. Trend continues to be down so... We short!

Asia session so no big expectations but my rules were met so I pulled the trigger.

While writing this hit 1.5:1 so part 1 closed and part 2 now at no risk. If SL is hit I gain 0.5 reward so better than a BE.

Attached Image (click to enlarge)
Click to Enlarge Name: audusdm1.png Size: 92 KB
Today's zone = Tomorrow's opportunity!
  • #532
  • Jun 24, 2014 7:07pm Jun 24, 2014 7:07pm
CCI Trend = Shorts + Divergence + Retrace = AUDUSD Short Add on Trade. Nice and simple.

Attached Image (click to enlarge)
Click to Enlarge Name: audusdm1.png Size: 100 KB
Today's zone = Tomorrow's opportunity!
  • #533
  • Jun 24, 2014 7:12pm Jun 24, 2014 7:12pm
Quoting pres78
CCI Trend = Shorts + Divergence + Retrace = AUDUSD Short Add on Trade. Nice and simple. {image}
Away you go pres78!!!

Looks like this asian session is quite tasty, how are you finding the right pair to trade, just flicking through??

Signed up for that new broker on demo sound pretty good to me tick all the right boxes don't they???

How you finding them so far??
Feel the Fear and do it anyway!!!
  • #534
  • Jun 25, 2014 1:58am Jun 25, 2014 1:58am
Quoting clivepackham
{quote} Away you go pres78!!! Looks like this asian session is quite tasty, how are you finding the right pair to trade, just flicking through?? Signed up for that new broker on demo sound pretty good to me tick all the right boxes don't they??? How you finding them so far??
Stick to aud and jpy pairs. No doubt you could throw in nzd but I don't watch them at all.
  • #535
  • Jun 25, 2014 2:23am Jun 25, 2014 2:23am
Quoting clivepackham
I use my top trender indy and set the first column to the 1 minute using the 100lwma, thats 3 on matype, and lookback = 15 so 15 mins.
Gave it a try but there was an immediate dislike from my mt4, so its off again.
  • #536
  • Jun 25, 2014 2:46am Jun 25, 2014 2:46am
Quoting pres78
AUDUSD after NYO. Trend said down so we short. I marked two entries. #1 aggressive (but still low risk) as the MA's were just crossing. #2 all of the stars are aligned. 6 pip SL on entry #1 with SL tucked above the 100LWMA. At it's max hit 5:1. 4 pip SL on entry #2 with SL tucked above the 100LWMA. At it's max hit 7:1. Divergence on the CCI 14 between the two entries adding weight to entry #2. ADR for last 60 days is 57 and we had only moved 37 so another 20ish to go from the pre NYO days low. We ended up moving 65 today. {image}
Trade 1 looks like cci210 hit -100 and also looks like there was a 200 scale pull back on cci14. Yet again the break of the immediate range, pull back to test and there you go. Nice one.
  • #537
  • Jun 25, 2014 6:05am Jun 25, 2014 6:05am
Hi Clive, pres et al

Took off usdtry and added eurnzd. CM showing eur weakest and nzd strongest pretty much all morning. Nice series of trades.

Price broke the immediate range low, see red line, not quite a system trade but 5675 looks very good, some system trades followed later. Ihad aud strong also (not as strong as nzd) and euraud gave a solid trade but not as good as this.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdm1.png Size: 31 KB
  • #538
  • Jun 25, 2014 7:41am Jun 25, 2014 7:41am
Clive,

You CCI Hiso. Was that made for you? Do you have the mq4 (so I can modify once I figure out how to do what I want) or could you ask your programmer if it is possible add to this indicator text showing the following (I was thinking off to the right side where the chart shift space is - or the left size with a black box under the text);

 

  1. CCI trend 0 = XXX (this is current bar's CCI reading)
  2. CCI trend 1 = XXX (this is last closed bar's CCI reading)
  3. CCI entry 0 = XXX (if you use the second CCI on the same window)
  4. CCI entry 1 = XXX (if you use the second CCI on the same window)

My goal is to be able to at a quick glance see the readings for the current and last bar without having to hover over to see whether it is just above or just below +100 or -100 etc... Sometimes it's real obvious and other times it's not. And well let's be honest I am getting older.

I am happy to do this myself if you are willing to give me the mq4 version.

Let me know what you think. No big deal either way.

Today's zone = Tomorrow's opportunity!
  • #539
  • Edited 8:05am Jun 25, 2014 7:46am | Edited 8:05am
Quoting Vantage
Hi Clive, pres et al Took off usdtry and added eurnzd. CM showing eur weakest and nzd strongest pretty much all morning. Nice series of trades. Price broke the immediate range low, see red line, not quite a system trade but 5675 looks very good, some system trades followed later. Ihad aud strong also (not as strong as nzd) and euraud gave a solid trade but not as good as this. {image}
Vantage you big wimp ... If Islander can tame USDTRY surely you can too!

Just kidding, the spread scares the hell out of me to be honest but that ADR is just so darn apealing.

I love EURZND and GBPNZD. Spreads are usually under 5 (3 and under during London and NY) and most days have great ranges.

It's funny really I really don't trade the "majors" much anymore. I love the voliaity and ranges on the crosses like EURAUD, GBPAUD etc... well that and ES (S&P) and Oil + a few other CFD's.
Today's zone = Tomorrow's opportunity!
  • #540
  • Jun 25, 2014 7:55am Jun 25, 2014 7:55am
Quoting pres78
{quote} Vantage you big wimp ...
Never denied it .

When I heard that the return is roughly half the majors plus that spread what looks like the most amazing return is for me not so.
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