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  • #661
  • Jul 2, 2014 5:17am Jul 2, 2014 5:17am
That was close forgot to look at the news calender, never trade 1 mins around news releases but I guesss thats kinda obvious, gonna make myself a cuppa and have a look in 30 mins when its all quietened down a bit.

Anyone for Tea???
Feel the Fear and do it anyway!!!
  • #662
  • Jul 2, 2014 5:32am Jul 2, 2014 5:32am
Quoting clivepackham
That was close forgot to look at the news calender, never trade 1 mins around news releases but I guesss thats kinda obvious, gonna make myself a cuppa and have a look in 30 mins when its all quietened down a bit. Anyone for Tea???
Just so everyone remembers also NFP that is normally the first Friday of the month is tommorow due to the July 4th Holiday. Be careful tommorow and take the day off Friday after FO/LO moves are done.
Today's zone = Tomorrow's opportunity!
  • #663
  • Jul 2, 2014 5:39am Jul 2, 2014 5:39am
Hi pres78 and Mr V.

Thanks for your posts and support I do believe I'm getting there.

Oh and can't forget Martin, I'm sure he's out there watching me, not a bad morning Martin can't wait to catch a good one.

Then things are gonna get interesting , trust me.
Feel the Fear and do it anyway!!!
  • #664
  • Jul 2, 2014 5:42am Jul 2, 2014 5:42am
Bit early yet but here's how its shaping up.
Attached Image (click to enlarge)
Click to Enlarge Name: top 4 1341.PNG Size: 85 KB
Feel the Fear and do it anyway!!!
  • #665
  • Jul 2, 2014 5:52am Jul 2, 2014 5:52am
Quoting clivepackham
Bit early yet but here's how its shaping up. {image}

Gotta love the news spikes to play havok with the indi's... From the 4 you showed EURUSD and GBPUSD looked the cleanest for possible trades. The other two just look too messy. EURUSD and GBPUSD both right below 50 levels and retracing but a bit far from the MA's. CCI 210 slowing but staying under -100 and some CCI 14 retraces... Both look very similar so if a trade does appear on one check the other because you might catch a 2 for 1 special.
Today's zone = Tomorrow's opportunity!
  • #666
  • Jul 2, 2014 5:53am Jul 2, 2014 5:53am
The problem i have with this News Release is its good for the USD and USD is the 3rd weakess currency on my daily strongest/weakest indy so I'm in no hurry to follow this initial 1 min trend. I find when a news release is against the normal trend it just gives the longer term guys a cheap discount price to buy back into the longer term trend and that could very easily happen here, so gonna wait a bit longer to see what happens.

Would be different if it had been bad for USD then I might of followed the initial move but not today Hose!! I'm not giving back my hard earned 16% that easily.
Feel the Fear and do it anyway!!!
  • #667
  • Jul 2, 2014 6:07am Jul 2, 2014 6:07am
Nope I just don't like it and I'm not buying it, in fact I favour a move the other way, like I said earlier these anti daily trend news releases just present discount prices for the longer term traders.

Probably wrong of course but I'm not taking these top trenders oh no sir, not me, well not yet anyway.
Feel the Fear and do it anyway!!!
  • #668
  • Jul 2, 2014 6:11am Jul 2, 2014 6:11am
Quoting clivepackham
{quote} Have just edited this post as had some of the terms wrong now correct so please have another read of it if you intend to use email alerter. Cheers Clive.

hi Clive. thanks for the very detailed explantion. appreciate it. helped me alot.

one more question, if you do not mind.

regarding your top 8 trending indis, do we have a look at the daily or the 1 min/5min.

What im doing now is the taking the top 5 daily trending currencies and then from London's open, waiting for a trade to set up.
Should I be using the 1/5 mins instead?

thank you.
  • #669
  • Jul 2, 2014 6:25am Jul 2, 2014 6:25am
Quoting clivepackham
{quote}By the way really like your paper break even move works very well doesn't it??
It works wonders for my trading psyche as I now have some profits banked and at the same time I am protected. Especially using 1.5:1 as the trigger rather than 1:1 as then I am actually at BE+0.5% without moving my SL and allowing the rest of the trade to breath.
Today's zone = Tomorrow's opportunity!
  • #670
  • Jul 2, 2014 6:26am Jul 2, 2014 6:26am
Ahh this is better a lot more believable.
Attached Image (click to enlarge)
Click to Enlarge Name: this is better.PNG Size: 83 KB
Feel the Fear and do it anyway!!!
  • #671
  • Jul 2, 2014 6:39am Jul 2, 2014 6:39am
Went for gbpjpy but is it the wrong horse or just a slow starter???
Attached Image (click to enlarge)
Click to Enlarge Name: wrong horse.PNG Size: 85 KB
Feel the Fear and do it anyway!!!
  • #672
  • Jul 2, 2014 6:42am Jul 2, 2014 6:42am
Took off half and moved stop up to cover it so one of pres78's paper BE trades nothing to lose now.

Its also got room to retest 174.50 if it wants to.
Feel the Fear and do it anyway!!!
  • #673
  • Jul 2, 2014 6:59am Jul 2, 2014 6:59am
Massive daily level at 174.76 plus GBPJPY has nearly done its range so banked another 7% there for a 23% total day, not too bad I guess. But the problem is a couple of losers and its all gone so gonna have to work on my trade management skills but you can only take what the markets gonna offer. Still learning but starting to get the hang of this trading lark.

Now why did I have to go and say that????

OK who reckons its gonna blast its way through that 174.76 level today????
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpydaily.png Size: 71 KB
Feel the Fear and do it anyway!!!
  • #674
  • Jul 2, 2014 7:09am Jul 2, 2014 7:09am
Quoting clivepackham
Went for gbpjpy but is it the wrong horse or just a slow starter??? {image}
I took GBPCAD as I liked the deeper CCI 14 retrace on it. Was able to get in at 8267 with a 8 pip SL closed out all for 3.5:1 just before the BRN 8300. Nice little CCI 14 divergence at the enrty point.
Today's zone = Tomorrow's opportunity!
  • #675
  • Jul 2, 2014 7:14am Jul 2, 2014 7:14am
hi clive/ pres78,

im still unsure of which trending pairs to look?
should i be looking at the 1 min , 5 mins or 15 mins? (for the top trending indicator)

the 1 min changes ever so often, so maybe the top 4 pairs in 15 mins and wait for the retrace on the one min charts?
or is the 5 mins better?

Please advise, than you.
  • #676
  • Jul 2, 2014 7:19am Jul 2, 2014 7:19am
Quoting saticdoor86
{quote} hi Clive. thanks for the very detailed explantion. appreciate it. helped me alot. one more question, if you do not mind. regarding your top 8 trending indis, do we have a look at the daily or the 1 min/5min. What im doing now is the taking the top 5 daily trending currencies and then from London's open, waiting for a trade to set up. Should I be using the 1/5 mins instead? thank you.
Hmmm are you quite new to trading???

If so then just trade demo until you get use to it but it works on all timeframes.

To answer your question I use it on 1 min and 5 min because I'm trading the 1 minute timeframe in the direction of the 15 min momentum.

I watch the top 4 trenders on the 1 minute having them side by side as per post above and wait for a pullback onto a key level, this is all explained on the thread somewhere.

Basically entering on break and retest of key levels when we get our +/-100 signal.If the 5 min agrees with 1 min TT then you might have a runner on your hands so trade the trend accordingly. If it disagrees you might have a reversal on your hands and another possible start of a runner.

Thats about it really if you stick to top 4 trenders then all the other signals will be there eg 15 min CCI over 100 levels etc. Only thing to be wary of with the top trenders is to take note of where they are in their move when you first go to their chart. As sometimes the move is over when it comes to the top of the TT table. Generally speaking if a pair is approaching its atr then tread carefully.

I like to trade in the direction of the daily trend as should lead to longer runs but to be honest I think its best to catch whatever the market throws you then have a quick look around to see what you've caught.

Hope that helps but any questions fire away.
Feel the Fear and do it anyway!!!
  • #677
  • Jul 2, 2014 7:27am Jul 2, 2014 7:27am
Quoting pres78
{quote} I took GBPCAD as I liked the deeper CCI 14 retrace on it. Was able to get in at 8267 with a 8 pip SL closed out all for 3.5:1 just before the BRN 8300. Nice little CCI 14 divergence at the enrty point.
great trading as usual pres78, hopefully I will be catching up with you soon.

Thats interesting about which TT to take as they look very similar when they set up don't they??? Yep I saw that deeper pullback but only after I'd gone after GBPJPY I chose GBPJPY because its daily strong against weaker again. GbpCad is 2 fairly strong currencies but just goes to show it doesn't always add up down here amongst the smaller timeframes.

What do you think should be the deciding factor on which TT to take???

Anyway I guess you had a profitable day too, didn't you??
Feel the Fear and do it anyway!!!
  • #678
  • Jul 2, 2014 7:31am Jul 2, 2014 7:31am
Quoting saticdoor86
hi clive/ pres78, im still unsure of which trending pairs to look? should i be looking at the 1 min , 5 mins or 15 mins? (for the top trending indicator) the 1 min changes ever so often, so maybe the top 4 pairs in 15 mins and wait for the retrace on the one min charts? or is the 5 mins better? Please advise, than you.
Hello Static,

How are things in the world of the double RSI?

I personally don't use the TT indicator so I cannot really comment. Is do think the jist would be if we see a pair showing in the top 3 or 4 on both 1 min and 5 min (or 1 min and 15 min) or even 5 min and 15 min (test to find your favorite flavor) then the indi is showing trend (I think). For me the CCI 210 is sufficient for finding trenders and then trading the CCI 14 retraces provided they don't pull the 210 out of trend.
Today's zone = Tomorrow's opportunity!
  • #679
  • Jul 2, 2014 7:33am Jul 2, 2014 7:33am
Quoting clivepackham
{quote} great trading as usual pres78, hopefully I will be catching up with you soon. Thats interesting about which TT to take as they look very similar when they set up don't they??? Yep I saw that deeper pullback but only after I'd gone after GBPJPY I chose GBPJPY because its daily strong against weaker again. GbpCad is 2 fairly strong currencies but just goes to show it doesn't always add up down here amongst the smaller timeframes. What do you think should be the deciding factor on which TT to take??? Anyway I guess you had a profitable day...
See my response to Static as I don't use the TT. I do have your CM on the chart that I glance at but for me it's all about price action, price structure (how clean and pretty it looks), how small of a SL I can get in with and the CCI 210 trend.
Today's zone = Tomorrow's opportunity!
  • #680
  • Jul 2, 2014 7:37am Jul 2, 2014 7:37am
What a beautiful signal just couldn't resist it, look at the shape of that CCI pullback, piece of art isn't it pres78???
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadm1.png Size: 52 KB
Feel the Fear and do it anyway!!!
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