Trading is as simple as ABCD | Page 32 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gartley/bat/crab/butterfly/abcd/three Drives Pattern Indicator Help 50 replies

Abcd fibo retracement trading journal 109 replies

ABCD - My way 122 replies

ABCD Fibo 82 replies

abcd patterns 1 reply

Attachments: Trading is as simple as ABCD
Exit Attachments

Trading is as simple as ABCD

  • #621
  • Jul 1, 2014 7:49am Jul 1, 2014 7:49am
Quoting pres78
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. {image}
Add on entry anyone? Or perhaps you missed the previous entry. Rules met yet again... check, check, check, check, check

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdprimem1.png Size: 93 KB
Today's zone = Tomorrow's opportunity!
  • #622
  • Jul 1, 2014 7:56am Jul 1, 2014 7:56am
Quoting pres78
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. {image}
And to continue the use of the word simple there was a nice simple sell euraud 1.4473 cci 210 -100, 200 retrace on cci 14 scale, below ma's with angle/separation, currency meter showing aud as strongest, eur weakest.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm1.png Size: 29 KB
  • #623
  • Jul 1, 2014 8:00am Jul 1, 2014 8:00am
Quoting Vantage
{quote} And to continue the use of the word simple there was a nice simple sell euraud 1.4473 cci 210 -100, 200 retrace on cci 14 scale, below ma's with angle/separation, currency meter showing aud as strongest, eur weakest. {image}
Well Van as a wise man I know once said... if it ain't broke don't fix it (poor grammar but a very good motto).
Today's zone = Tomorrow's opportunity!
  • #624
  • Jul 1, 2014 8:04am Jul 1, 2014 8:04am
Quoting pres78
{quote} Well Van as a wise man I know once said... if it ain't broke don't fix it (poor grammar but a very good motto).
Yep, eurnzd also met rules and CM showing nzd weak.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdm1.png Size: 29 KB
  • #625
  • Jul 1, 2014 8:07am Jul 1, 2014 8:07am
Quoting Vantage
{quote} Yep, eurnzd also met rules and CM showing nzd weak. {image}
Yep entry 1 for me at 6:1, entry 2 at 5:1 so far. Nice returns on my risk.
Today's zone = Tomorrow's opportunity!
  • #626
  • Jul 1, 2014 8:10am Jul 1, 2014 8:10am
Quoting pres78
{quote} Yep entry 1 for me at 6:1, entry 2 at 5:1 so far. Nice returns on my risk.
I must admit trading wise I don't get too exited about things (took a while to get there but we did it) but I do seem to be getting a warm fuzzy feeling about this concept!!
  • #627
  • Jul 1, 2014 8:14am Jul 1, 2014 8:14am
And just to show that the above 2 weren't cherry picked, they were the only charts that I could see complied with rules. There were other moves on pairs strong/weak but they didn't fit rules. Who cares what moves happen when there are system trades virtually every day. EJ was a trade but the SW were similar so I would not have gone for it with CM showing better alternatives.

All of a sudden Guns 'n Roses jumped into my head - just a little patience yeah yeah.
Attached Image (click to enlarge)
Click to Enlarge Name: fxpro - metatrader 4.png Size: 129 KB
  • #628
  • Jul 1, 2014 8:18am Jul 1, 2014 8:18am
Quoting Vantage
And just to show that the above 2 weren't cherry picked, they were the only charts that I could see complied with rules. There were other moves on pairs strong/weak but they didn't fit rules. Who cares what moves happen when there are system trades virtually every day. All of a sudden Guns 'n Roses jumped into my head - just a little patience yeah yeah. {image}
Day in day out... Well I posted the EURNZD entries basically live just after NYO so there for sure was no time to cherry pick. They met the rules and would have either worked or failed. I knew based on the rules being met that I would at least be able to cover my risk easily and a complete bust was unlikely.
Today's zone = Tomorrow's opportunity!
  • #629
  • Jul 1, 2014 8:26am Jul 1, 2014 8:26am
Quoting Vantage
{quote} I must admit trading wise I don't get too exited about things (took a while to get there but we did it) but I do seem to be getting a warm fuzzy feeling about this concept!!
Yes this is a nice add on to my main intraday method and my swing trading method. Let's me get in and out grabbing some nice safe and decently quick pips usually for a nice R:R.
Today's zone = Tomorrow's opportunity!
  • #630
  • Jul 1, 2014 8:43am Jul 1, 2014 8:43am
Well EURNZD gave another entry but for me I would pass. I prefer those initial entries as described by Van as they tend to be earlier in the move and usually occur closer to the 100 MA which is where I like to stick my SL. This entry was fine as we still have room in the ADR but the only logically place for the SL is above that sort of recent swing high just to the left (a mini RBD for those of you that also follow S/D trading) which would give a roughly 8 pip SL. While an 8 pip SL is not bad by any means it's just a bit too wide this low down as we would only have 1.5:1 before the next 25 level. That would allow me to get to my theoretical BE+0.5 risk which I guess isn't too bad but for now I will let my first two trades run and trail.

The CCI rules were met but as I said we would now be into entry 3 after NYO so we just need to be more careful.

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdprimem1.png Size: 80 KB
Today's zone = Tomorrow's opportunity!
  • #631
  • Jul 1, 2014 9:01am Jul 1, 2014 9:01am
A little on how I use divergence on the trend CCI to manage my trades. The blue line shows the last notable swing high and this lead to a new daily low but the CCI 210 made a HL. Now this isn't a get the hell out moment but rather a "HMM what's that all about moment"...

Now if the new daily low was made on a CCI 210 HL that was also getting up into and above -100 I would probably kill the trades and bank my profits. In this case where the trend CCI was still in trend I moved my SL's to just above that blue line locking in 5:1 on trade 1 and 4:1 on trade 2.

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdprimem1.png Size: 94 KB
Today's zone = Tomorrow's opportunity!
  • #632
  • Jul 1, 2014 9:27am Jul 1, 2014 9:27am
AUDUSD - Rules met (just an example didn't take this trade), nice tight 5 pip SL, great R:R... Rinse, repeat.

Attached Image (click to enlarge)
Click to Enlarge Name: audusdprimem1.png Size: 84 KB
Today's zone = Tomorrow's opportunity!
  • #633
  • Jul 1, 2014 10:07am Jul 1, 2014 10:07am
Quoting pres78
A little on how I use divergence on the trend CCI to manage my trades. The blue line shows the last notable swing high and this lead to a new daily low but the CCI 210 made a HL. Now this isn't a get the hell out moment but rather a "HMM what's that all about moment"... Now if the new daily low was made on a CCI 210 HL that was also getting up into and above -100 I would probably kill the trades and bank my profits. In this case where the trend CCI was still in trend I moved my SL's to just above that blue line locking in 5:1 on trade 1 and 4:1...
Well a combination of divergences on CCI 14 and CCI 210 was enough to get out of all open EURNZD trades on the bar that closed up into the 100MA (orange arrow).

7:1 and 6:1 respectively.

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdprimem1.png Size: 93 KB
Today's zone = Tomorrow's opportunity!
  • #634
  • Edited 10:39am Jul 1, 2014 10:28am | Edited 10:39am
GBPJPY entry as shown with a 6 pip SL (really tight for GBPJPY). See how this plays out at this time of day. We closed below 174 with the CCI's in line, tight to the 100MA for SL.

I am home for the day with a holiday here in Canada so more time to trade than I normally have. I will stop spamming the thread now.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyprimem1.png Size: 90 KB


Edit - SL hit on this one... written down in my journal. "Don't trade this close to LC. After NYO trades wait until Asia to see if anything is brewing, if not wait for FO and LO. Don't take anymore new trades this time of day. Trade management only. Great trading today with only 1 broken rule".
Today's zone = Tomorrow's opportunity!
  • #635
  • Jul 1, 2014 10:40am Jul 1, 2014 10:40am
Quoting pres78
{quote} Well a combination of divergences on CCI 14 and CCI 210 was enough to get out of all open EURNZD trades on the bar that closed up into the 100MA (orange arrow). 7:1 and 6:1 respectively. {image}
Bloody awesome trading pres78. (Clapping hands smiley)Great trade management to close out so perfectly , do you find divergence vmore useful for exits than entries??Glad you're all finding so many trades but not really surprising as there's dozens of setups everyday on 1 min charts. Hopefully if nothing else its opening peoples minds up to the possibility that just maybe they can be traded profitably with the right set up and practice on demo.I don't know what percentage you risked on those eurnzd trades but if you had risked 5 % across each then you would have 30% and 35%a total of 65% return in one day. Even at just 1% its 13%. Not too shabby I know. You'll be pleased to know I have been honing my discipline and patience pracing on strategy tester and demo and definately getting there.Looking forward to coming back soon and posting my trades live.Great trading see you soon.
Feel the Fear and do it anyway!!!
  • #636
  • Jul 1, 2014 12:15pm Jul 1, 2014 12:15pm
Quoting clivepackham
{quote} Bloody awesome trading pres78. (Clapping hands smiley)Great trade management to close out so perfectly , do you find divergence more useful for exits than entries??Glad you're all finding so many trades but not really surprising as there's dozens of setups everyday on 1 min charts. Hopefully if nothing else its opening peoples minds up to the possibility that just maybe they can be traded profitably with the right set up and practice on demo.I don't know what percentage you risked on those eurnzd trades but if you had risked 5 % across each...
Well that's great news Clive. Can this method be traded profitably? Yes as long as you stick to the rules and have a good plan for getting out of the trades (not holding past the life of the trade). Right now for this 1 min system I am trading 2% of a smaller test account split into 2 parts of 1%. Part 1 has been closed at 1.5:1 banking 1.5% gain and leaving 1% open risk for a possible net gain of 0.5% gain if SL is hit. Part 2 I trail until the market tells me it's time to get out. Roughly I have been seeing easy 5:1's and more on part 2 of the trades.

If I can risk 2% and walkaway with a safe and relatively quick 6.5% gain off just one trade set I am very happy. If I take this onto a bigger account I may drop to 1% or even 0.5% risk split into two parts per position. I am not trading FX to get rich overnight nor am I looking to purposely try and double my account in a day or a week or even a month. For me this is about building both a side income to help with the bills and to have some fun with but is more about my future early retirement. My RRSP's are going nowhere fast and I have no real control over them. With FX I control my money and it's growth.
Today's zone = Tomorrow's opportunity!
  • #637
  • Jul 2, 2014 1:15am Jul 2, 2014 1:15am
Who's for selling EURAUD this morning???

Just doing a bit of pre-London open analysis this morning and noticed something interesting.

Yesterday we had a strong move down on EURAUD, not surprising really as it just so happens to be the strongest/weakest on the daily charts according to my strongest/weakest indy. But heres what I've noticed over time whenever a price moves strongly one way, guess what it very quickly goes at least 70% the other way. Of course this is caused by all the sellers that rode the strong move down now banking as fast as their little fingers can go so causing the strong reversal.

Look at EURAUD chart below and you can see the 100 pip move down yesterday afternoon in the New York session and the 70 pip move up over the Asian session. This happens a lot with one session reversing the previous sessions move.

Now how can we make the most of this behaviour??? Well have a look at the chart and you'll see the first move down started with our 15 min CCI sell signal and the 2nd move up started with our 15min CCI buy signal. Now I'm no genius but maybe just maybe we should keep an eye on this one and monitor our 15 min sell signal this morning??

I know , I know Mr V. just stick to the system,.

I'm just saying, thats all, just saying................
Attached Image (click to enlarge)
Click to Enlarge Name: who's for selling euraud this morning.png Size: 90 KB
Feel the Fear and do it anyway!!!
  • #638
  • Jul 2, 2014 1:25am Jul 2, 2014 1:25am
Quoting clivepackham
Who's for selling EURAUD this morning??? Just doing a bit of pre-London open analysis this morning and noticed something interesting. Yesterday we had a strong move down on EURAUD, not surprising really as it just so happens to be the strongest/weakest on the daily charts according to my strongest/weakest indy. But heres what I've noticed over time whenever a price moves strongly one way, guess what it very quickly goes at least 70% the other way. Of course this is caused by all the sellers that rode the strong move down now banking as fast as their...
Like I've said so many times before price can only go up or down it really isn't that complicated and also to make money trading we need to have bigger winners than our losers.

Simple game really isn't it??

So how can we expect to catch bigger runs on our 1 min charts like yesterdays EURAUD and EURNZD trades of 100 pips plus??

Quite simple really when you think about it. Whenever the daily strongest/weakest pairs move in that direction eg EUR pairs down basically then we should look for our signal of a 15 min CCI turn down shouldn't we???

To that end I've put an alarm on my 15 min CCIs and I'm watching top 4 daily Strongest/weakest pairs for a turn in that direction.

Might work mightn't it???

Got two chances I guess.
Feel the Fear and do it anyway!!!
  • #639
  • Jul 2, 2014 1:32am Jul 2, 2014 1:32am
Quoting clivepackham
Who's for selling EURAUD this morning??? Just doing a bit of pre-London open analysis this morning and noticed something interesting. Yesterday we had a strong move down on EURAUD, not surprising really as it just so happens to be the strongest/weakest on the daily charts according to my strongest/weakest indy. But heres what I've noticed over time whenever a price moves strongly one way, guess what it very quickly goes at least 70% the other way. Of course this is caused by all the sellers that rode the strong move down now banking as fast as their...
One last thought for anyone who's interested.

If what I've said above is true that we can expect 70% pullbacks after strong moves then lets also trade that 70% move, so whenever a pair moves strongly one way don't just trade the nice strong move with the Daily trend why not take the next 15 min CCI reversal back? Could be worth 70 odd pips as above and if we add on the way God knows what it would be worth????

Don't forget it will be quite strong reversal due to heavy banking so should be very clear and easy to trade, you know the good old "first pullback is the easiest to trade" saying.

I know , I know MR V. just make the first part work first.

I'm just thinking aloud really.
Feel the Fear and do it anyway!!!
  • #640
  • Jul 2, 2014 1:41am Jul 2, 2014 1:41am
Quoting clivepackham
Who's for selling EURAUD this morning??? Just doing a bit of pre-London open analysis this morning and noticed something interesting. Yesterday we had a strong move down on EURAUD, not surprising really as it just so happens to be the strongest/weakest on the daily charts according to my strongest/weakest indy. But heres what I've noticed over time whenever a price moves strongly one way, guess what it very quickly goes at least 70% the other way. Of course this is caused by all the sellers that rode the strong move down now banking as fast as their...
As you say just stick to system.

I know you hate to say anything not 1 min here but D had one of those over size closes, often the last gasp in a trend. If we were going properly lower should have been easy for Asian session to move. So if we don't follow through lower today should be big move up, time will tell but heck on 1 min theres a lot of water to go under the bridge.

At the moment I have CM showing aud weakest but eur middle of the pack. CCI's nowhere, ma's nowhere no trade at the moment. Of course there could be coming up. Just a little patience.

At times like these Clive if it does go lower and you don't get a system entry you can quietly say to yourself aha I knew it. But you don't worry about it, there is a difference between a move and a trade based on this method (or any other that you have researched to get in with). There's more than enough system trades to go around.
15 traders viewing now