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Trading is as simple as ABCD

  • #601
  • Jun 27, 2014 5:45am Jun 27, 2014 5:45am
Quoting Vantage
{quote} I would read online reviews (looking for honouring payments, slippage and general dodginess) and check out what they say and if all ok start off with a reasonable amount (I count that as anything up to $5000). The chances of a scam in NZ, you can never say never, but its unlikely. Tight spreads don't outweigh safety of funds but all else being equal it makes a staggering difference to have say 2.5 spread (incl comm) v 5 for gbpaud when you are likely to be exiting quickly. You can take weeks to sort out a system, its worth 30 minutes online...
Yep they're there ok so I am going to give it a go and see what happens, are you Mr V.???
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Feel the Fear and do it anyway!!!
  • #602
  • Jun 27, 2014 5:55am Jun 27, 2014 5:55am
Quoting clivepackham
{quote} Yep they're there ok so I am going to give it a go and see what happens, are you Mr V.??? {image}
I couldn't find a bad word about them online, that in itself is a minor miracle. The business register and FSP numbers check out. Yes I am getting in.
  • #603
  • Jun 27, 2014 6:13am Jun 27, 2014 6:13am
Quoting Vantage
{quote} I couldn't find a bad word about them online, that in itself is a minor miracle. The business register and FSP numbers check out. Yes I am getting in.
Me too. Gotta be quick though V as their Global Prime (best spreads account) will shortly come with a min deposit of $10K. If you get in now before the official switch it's min $100. I've had my account for a bit so I am grandfathered in.
Today's zone = Tomorrow's opportunity!
  • #604
  • Edited 7:30am Jun 27, 2014 7:17am | Edited 7:30am
Quoting pres78
EURJPY back into trend and we enter after the CCI 14 and 210 retrace and 210 comes back below -100. Lovely. Room for 2:1 before the 138 level so low risk even if 138 doesn't break. Divergence and all... System trade check... Yes Clive this works. {image}
Hi Pres78

Yep and you're proving just how good it can be but don't worry I will be with you soon, just need to develop my discipline on demo.Unfortunately been a bit busy with some other personal stuff recently.

Glad to see you're taking a look at the 15min CCI when it starts to slow down or reverse, really important we pay attention to that and as well when it drops below 100 levels after trending strongly theres every chance it could go the other way for about 70% of the previous move down. Great time to get in but we need to see the 1 min CCI go the other way strongly and the price action to set up right too. eg HH followed by a HL or double bottom buy that HL or DB, confirmation can be taken from MA's crossing and price crossing 100SMA, in fact the perfect reversal entry in my book is a break and retest of the 100sma.

Of course the great thing about these entries is that if the 15 min CCI turn that we are trading is a HL itself then we have a great chance to achieve our goal of larger RR also by the way because price has just moved one way strongly then these reversal are fast as sell traders bank they're winnings quickly so our pullback entry doesn't get retested as price moves away too quickly. Greedy little so and so's banking their money as fast as their little fingers will let them.

Let me show you what I mean with GBPAUD yesterday morning.

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Notice we have the perfect Elliott Wave there with us trading wave 3 for 50 pips and wave 5 for 25 pips , thats also when I feel we should say close all trades and thank you very much. If using my 1% per pip risk profile there's a 75% setup all done and dusted in about 2 hrs. Then off we go to the golf course for the day. All done from a "little old" 1 min chart, who would of thought it possible???

I know I'm going to upset Mr V. here but this is the setup I feel we should be looking for all the time so that we can get bigger RR's from our trades as your thread states Mr V. "the first retracement is the best trade. The first higher low/lower high" , yet again, wise words Mr V. very wise words indeed Mr V.

By the way just to the aside here this also shows itself on my top trender quite nicely as when it happens the pair lets say GBPAUD will appear in the both top trenders tables 1 and 5 min but opposite colours as 5 min will be showing the push down and 1 min the drive up.

Just thought I'd quickly add something here as to when this might occur. I've noticed that when one market session ends and another one starts, eg Asian to London and London to New York, that these moves occur quite often so well worth looking out for if we've had an overnight move, then keep an eye out for that 15 min CCI turn back the other way. Just a thought.
Feel the Fear and do it anyway!!!
  • #605
  • Jun 27, 2014 8:36am Jun 27, 2014 8:36am
I really think the secret to succesful trading is trading with the trend, absolutely no doubt about it, no matter what timeframe you trade.

Thats how my little Top Trender Indy came about. Ted and myself were having a chat one day when we said "Its easy all you gotta do is trade with the trend, simple as that and the stronger the trend the better" So how do we know whats trending the strongest??? The slope of the moving average, yep the steepest sloping moving average must be the strongest trending pair mustn't it???

So off Ted goes and a couple of hours later says try that see what you think??

And there was The Top trender Indicator, bloody awesome!! You see the thing is when you're trading with a strong trend all the indys price action etc etc work perfectly 7 times out of 10. Now surely thats gotta be an edge.

Well for all those disbelievers out there have a look at these top trenders, top 4 from New York open. Do you think you can trade these???

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Well up to now I haven't done so well but thanks to Mr V. pres78 and a few others I'm sure I can do it, just have to work on my discipline and lets see what happens next week.
Feel the Fear and do it anyway!!!
  • #606
  • Edited 10:01am Jun 27, 2014 9:49am | Edited 10:01am
You know my dear old Dad was a simple man and if I learnt anything from him it was to keep things simple, now at the risk of driving dear old Mr V. insane I've been looking into how I could simplify this whole system and take into account higher timeframes too, but don't worry I'm not looking at any charts above my beloved 1 minute but I do want to know whats going on up there, where all the long term traders are placing their trades.

But I don't want to look at any of those boring higher time frame charts as I just keep falling asleep. However I gotta know what you guys are up to but on my 1 minute chart. So I've just made a couple of small adjustments and simplified the whole process of trading my system, hopefully??

Had a guy contact me through FF who lives in Eastbourne by the name of Martin, now Martin has traded for over 15 years and knows a thing or two about trading and more importantly price action trading. Now he's been lurking in the back ground watching me burn my account week by week and being the nice chap that he is said come round for a cuppa and have a chat. I think I know where you're going wrong.

Well couldn't refuse an offer like that could I??

He told me its all very well to trade 1 minute timeframes as a stand alone system but the problem I will encounter is I will have to fight my way past the 5 min boys then the 15 min boys then the hourly etc etc. So wouldn't it be better he said to make sure they're on my side???What I should do is make sure I'm trading with them instead of against them. Makes perfect sense to me.

Well to cut a long story short I've changed my base lookback period to 27 and introduced a 5 minCCI as well as my old 15 min CCI. Not sure that I will keep the 5 min on board but lets see how it goes. Also made my chart a lot simpler too. but here's the really simple bit, use the top trender to identify best charts to trade then wait for all 3 CCI's to agree and just take HA candle changes in that direction, when the HA candles change colour back with the trend place a pending order 1 pip below that candle or if you prefer hit a market order as price breaks that candle, make sure you wait for that candle to be taken out by at least 1 pip. Simple as that.

Have a look at my chart below this was Top Trender on my previous post so lets see how its been doing with this simpler entry system.

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Doesn't get much easier does it???

Cheers Martin.
Feel the Fear and do it anyway!!!
  • #607
  • Jun 27, 2014 10:02am Jun 27, 2014 10:02am
Quoting clivepackham
You know my dear old Dad was a simple man and if I learnt anything from him it was to keep things simple, now at the risk of driving dear old Mr V. insane I've been looking into how I could simplify this whole system and take into account higher timeframes too, but don't worry I'm not looking at any charts above my beloved 1 minute but I do want to know whats going on up there, where all the long term traders are placing their trades. But I don't want to look at any of those boring higher time frame charts as I just keep falling asleep. However...
OK I'll bite...

Why 27?

Second I understand the 5 min and 15 min (I am testing having a 1hr CCI and only trading with that trend when the 1 min and 15 min agree but still in the testing stages)... but when you say when all 3 CCI's agree what does that mean exactly? All below 0, all below -100? What is the rule for what all 3 agree? When do you consider that all 3 agree and are "in trend" and we are not in a case of all 3 agree but we are ranging and going nowhere?
Today's zone = Tomorrow's opportunity!
  • #608
  • Jun 27, 2014 10:59am Jun 27, 2014 10:59am
Quoting clivepackham
He told me its all very well to trade 1 minute timeframes as a stand alone system but the problem I will encounter is I will have to fight my way past the 5 min boys then the 15 min boys then the hourly etc etc. So wouldn't it be better he said to make sure they're on my side???
To add to my previous post / questions did you not already have this is your 14 /210 combinmation? 14 CCI + the 15 minute 14 CCI? Perhaps the magic is in the 27?

I await for you to remove the cloak of mystery.
Today's zone = Tomorrow's opportunity!
  • #609
  • Edited 12:14pm Jun 27, 2014 11:53am | Edited 12:14pm
Quoting pres78
{quote} OK I'll bite... Why 27? Second I understand the 5 min and 15 min (I am testing having a 1hr CCI and only trading with that trend when the 1 min and 15 min agree but still in the testing stages)... but when you say when all 3 CCI's agree what does that mean exactly? All below 0, all below -100? What is the rule for what all 3 agree? When do you consider that all 3 agree and are "in trend" and we are not in a case of all 3 agree but we are ranging and going nowhere?
Hi Pres78

Why 27???

Because Martin says so and whats good enough for Martins good enough for me. You see Martins been making a living trading for the last God knows how many years so obviously knows his stuff. But of course I did ask him his reasons behind it and its quite simple, years ago he was looking at his charts thinking to himself "Now where would I have liked to have entered that trade in a perfect world??" Well he tried a few MA's out to see which fitted best with the winning trades and hey presto it ended up at 27 no matter what timeframe he looked at.

We went through some charts together and it was a bit spooky how often charts pulled back to the 27 or a derivative of it from a higher timeframe chart.We watched a 1 minute chart and he'd say heres your 5 min pullback, heres your 15 min men pulling back etc etc spookily from those 27 ma's he read the market very well. He seemed to know exactly what the traders were doing on each timeframe, all from that simple 27ema.

Well that was good enough for me so I thought I would give it a go as my base period and work from there. Must admit the signals are very good but time will tell I guess.

All three agree is all same colour or below/above the zero line, but happy if the 1 min goes over zero just not waiting for it to go above 100 as seem to miss a lot of good entries when price is really moving strongly which happens quite a bit with my top trenders. The HA candle colour change of course is also just a momentum indicator really so when it turns back with trend jump back on.

Anyway I'm sure you all think I'm mad for keep changing but I'm not really. The core strategy is the same as ever trade the 1 minute trend in the direction of the 15min momentum. All we do is identify strong trenders, wait for a pullback then get in, very very simple just tweaking entries exits etc. thats all.

Anyway enough talking, its one thing to talk about what I have to do and another all together to trade it. but next week I am full on trading London and New York opens.

Lets see what works and what doesn't in real time??
Feel the Fear and do it anyway!!!
  • #610
  • Edited 7:39pm Jun 27, 2014 12:33pm | Edited 7:39pm
Quoting clivepackham
{quote} Hi Pres78 Why 27??? Because Martin says so and Martins been making a living trading for the last God knows how many years. Thats good enough for me, but of course I did ask him his reasons behind it and its quite simple, years ago he was looking at his charts thinking to himself "Now where would I have liked to have entered that trade in a perfect world??" Well he tried a few MA's out to see which fitted best with the winning trades and hey presto it ended up at 27 no matter what timeframe he looked at. We went through some charts together...
Clive as you know I have not been shy saying my piece when I felt you were getting off track or trying to predict market turns but believe me I am a supporter all the way. I am rooting for you and think there really is something here that you, me, Van and other can latch onto and make some nice, simple and safe pips. That said I am also a huge supporter of testing and tweaking either with pennies or on demo to find what works and in cases find what works better. So long as your not risking 10% of your hard earned cash while still testing I say go for it. I never stop testing, tweaking, learning and improving. However what you have originally presented the way Vantage and I to some degree are trading this works. There is no doubt we have shown countless examples of that day in and day out. So we trade that (while maybe still testing in the background) and make the pips day in and day out.

I guess all I am saying is put a plan down before you go live. Make it concrete and stick to it religiously when trading live. Don't test or tweak live. Unless it's proven and your plan updated don't risk your money on it...

Now as for your veteran trader friend and the power of 27... Damn it now I have to test that too just to prove to myself whether there is or isn't any power behind 27.

You are getting darn close my friend and I will be here every step of the way if you don't ban me .

May go live next week with my current tested plan. Similar to Van with a few tweaks taking into account divergence etc...
Today's zone = Tomorrow's opportunity!
  • #611
  • Jun 28, 2014 12:36pm Jun 28, 2014 12:36pm
Quoting clivepackham
changed my base lookback period to 27 and introduced a 5 minCCI as well as my old 15 min CCI. Not sure that I will keep the 5 min on board but lets see how it goes. Also made my chart a lot simpler too. but here's the really simple bit, use the top trender to identify best charts to trade then wait for all 3 CCI's to agree and just take HA candle changes in that direction, when the HA candles change colour back with the trend place a pending order 1 pip below that candle or if you prefer hit a market order as price breaks that candle, make sure...
I must say your 15 minutes momentum trading rocks
I only feel that the M5 CCI does not add much value to the template as M15 will join the party last it will never lead M5 the M15 color change will ALWAYS only occur after M1 and M5 color change so as long as M15 does not change color the trend has not ended, except if the M5 CCI color change is an advance warning of trend change.
Just thinking out loud.
Let it turn and find your entry.
  • #612
  • Jun 28, 2014 2:14pm Jun 28, 2014 2:14pm
Quoting Intrepidpips
{quote} I must say your 15 minutes momentum trading rocks I only feel that the M5 CCI does not add much value to the template as M15 will join the party last it will never lead M5 the M15 color change will ALWAYS only occur after M1 and M5 color change so as long as M15 does not change color the trend has not ended, except if the M5 CCI color change is an advance warning of trend change. Just thinking out loud....
Hi Intrepidpips

Yes I know what you mean, I use to have 3 CCI's a couple of years ago but dropped the 5 min for just the reasons you mentioned. The only thing I do like is seeing the 5 min pullbacks and also its very reassuring to see 3 CCI's bright red all heading south just seems to give a little more confidence to the trade.

Gonna play it as it is for a while to see how it goes but yes suspect I will drop it if I don't find it useful.

Many thanks for your thoughts much appreciated. The only way we learn is by sharing ideas etc. I feel I 'm really getting close to an awesome system here thanks to guys like you putting thier thoughts into the thread.
Feel the Fear and do it anyway!!!
  • #613
  • Jun 30, 2014 3:27am Jun 30, 2014 3:27am
Hi Clive

Whether you use a 405cci in replacement for/in addition to cci210 or a 27ema or multiple thereof for 5 and 15 mins 27ema's, both will have some benefits and some negatives. It will keep you in some trades, get you in late/miss others. This will always be the case with indicators.

I have never had a problem with indi's giving a trend definition and thereafter using pa i.e. abc, 123's, hl/lh's whatever you want to call it for entry.

I am still working on the basis of if it ain't broke don't fix it. Clive I don't think your idea was broken. Your problem (in my humble opinion) was a combo of not trading according to your own rules, not having patience and too many let me just do this trade and see if it works. To be honest I think its highly likely you'll run off on a few more tangents before you focus on what you have right in front of you.

Trade a plan, have some patience. I think you are fooling yourself if you think your answer will be a tweaked set up i.e. a slightly modified indi setting. Give your method chance, trade your plan, see what it returns you and forget this double your acc in a day, week month rubbish.

See what you have first, go for the experience then go for the money.
  • #614
  • Jun 30, 2014 4:27am Jun 30, 2014 4:27am
Quoting Vantage
Hi Clive Whether you use a 405cci in replacement for/in addition to cci210 or a 27ema or multiple thereof for 5 and 15 mins 27ema's, both will have some benefits and some negatives. It will keep you in some trades, get you in late/miss others. This will always be the case with indicators. I have never had a problem with indi's giving a trend definition and thereafter using pa i.e. abc, 123's, hl/lh's whatever you want to call it for entry. I am still working on the basis of if it ain't broke don't fix it. Clive I don't think your idea was broken....
worth posting up on wall I reckon.. and read on daily basis..
  • #615
  • Jun 30, 2014 8:26am Jun 30, 2014 8:26am
Quoting Vantage
Hi Clive Whether you use a 405cci in replacement for/in addition to cci210 or a 27ema or multiple thereof for 5 and 15 mins 27ema's, both will have some benefits and some negatives. It will keep you in some trades, get you in late/miss others. This will always be the case with indicators. I have never had a problem with indi's giving a trend definition and thereafter using pa i.e. abc, 123's, hl/lh's whatever you want to call it for entry. I am still working on the basis of if it ain't broke don't fix it. Clive I don't think your idea was broken....
THanks Mr V. invaluable advice as usual which I will be following to the letter plus just had a 2 hour skype session with my new friend Martin. Like you he is an Awesome bloody trader and he is saying exactly what you've just said almost word for word.

Thanks to you both, your support and advice is invaluable but now its just down to me to trade my system as its supposed to be traded and see what happens.

Thanks guys.
Feel the Fear and do it anyway!!!
  • #616
  • Jun 30, 2014 12:57pm Jun 30, 2014 12:57pm
hi
can anyone indicator & tempelt please ?
thanks
  • #617
  • Jun 30, 2014 10:18pm Jun 30, 2014 10:18pm
Quoting Vantage
I am still working on the basis of if it ain't broke don't fix it.
Is something has change againnn?

So...at this very moment, what is the rule for this strategy?

I think several pages ago Vant used to remind us all about it ... is it the last?
i worshipped... Momentum
  • #618
  • Jul 1, 2014 1:43am Jul 1, 2014 1:43am
Quoting rockrobb
{quote} Is something has change againnn? So...at this very moment, what is the rule for this strategy? I think several pages ago Vant used to remind us all about it ... is it the last?
I am using the same rules that I have been posted a couple of times. Unfortunately Clives top 8 indi messes with my computer so I use the currency meter for strength/weakness.
  • #619
  • Jul 1, 2014 3:37am Jul 1, 2014 3:37am
Quoting Vantage
{quote} I am using the same rules that I have been posted a couple of times. Unfortunately Clives top 8 indi messes with my computer so I use the currency meter for strength/weakness.
Thank's Vant
i worshipped... Momentum
  • #620
  • Jul 1, 2014 7:32am Jul 1, 2014 7:32am
Simple short on EURNZD. Rules met... check!

Beauty entry 5623, tight 6 pip SL already hit 1:1 while typing. Below the days open, below the separated MA's, trend CCI in trend and entry CCI retrace. Oh and right below 25 level. Can you say perfect. 4:1 right around the 5600 level.

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Today's zone = Tomorrow's opportunity!
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