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Trading is as simple as ABCD

  • #701
  • Jul 2, 2014 11:06am Jul 2, 2014 11:06am
Quoting saticdoor86
{quote} hi pres, things are going well but sometimes you gotta wait a whole month for a trade and thats why im here amazing and simple method this is and thank you for your reply. just one more question, do you have a fixed time you trade? after NY open or LO?
If I am up I trade this method from FO (3AM my time) to around an hour after LO. If nothing sets up or if we have already moved too much I wait for NYO. After NYO I am open to taking trades if they present up until around 1hr before London close. If we have high impact news in the afternoon I may trade an grab some post new momentum trades. Also on some of the crosses like AUD and NZD I will watch early Asia trading as sometimes the best set-ups for the whole day happen during that time (especially if we have some news).
Today's zone = Tomorrow's opportunity!
  • #702
  • Jul 2, 2014 11:13am Jul 2, 2014 11:13am
Quoting driven18
{quote} Clive, I can tell you even more... I have been trading LIVE very successfully my personal technique. However, what you have here is exactly the way I have traded at SP500 index futures, except I traded volume bars, not time bars..you get less bars to look at and there is more power to the bars...I will be following this thread with interest...my only issue with all was the entries, as during the beginning of the CHOP - stop losses galore as Ha changes color....so it is important even to see -200 +200 on 15min CCI, before looking for entries...
I personally don't use the HA so I can't comment on that but all in all if the trend CCI (210) hit + or - 100 and we wait for the entry CCI (14) to retrace and come back if the trend CCI stays in trend we have great / safe entries. If we are truly in a chope area the CCI 210 will normally get pulled out of trend (below +100 or above -100) and stay out of trend even when the 14 comes out of retrace. That saves me most of the time from getting stuck in the chop. I agree that over / under 200 on the CCI 210 tends to line with a nice moving pair but for me thus far I haven't seen the need for it to be there for entry.

I have tried the whole volume bar thing on my MT4 but the darn charts are only good as long as the parent chart is running with the EA on it. If you have to close or when the market stops for the weekend the chart starts all over again so I could never build a good testable CCI reading (need 210 bars to finish printing to even get the first CCI bar to print on the trend CCI).
Today's zone = Tomorrow's opportunity!
  • #703
  • Jul 2, 2014 11:19am Jul 2, 2014 11:19am
Quoting pres78
{quote} I personally don't use the HA so I can't comment on that but all in all if the trend CCI (210) hit + or - 100 and we wait for the entry CCI (14) to retrace and come back if the trend CCI stays in trend we have great / safe entries. If we are truly in a chope area the CCI 210 will normally get pulled out of trend (below +100 or above -100) and stay out of trend even when the 14 comes out of retrace. That saves me most of the time from getting stuck in the chop. I agree that over / under 200 on the CCI 210 tends to line with a nice moving...
pres78, Yes, MT4 and volume charts are not working good together....I was trading futures on Tradestation..

Clive, I also noticed that you adjust CCi's to fit better trends, chops..and I know you trying to see which fits better, that is normal, but I think 14 and 210 are just as good as any....stick with it, eat, sleep, breathe CCI's and PA and you will get comfortable with it...
  • #704
  • Jul 2, 2014 12:10pm Jul 2, 2014 12:10pm
Quoting driven18
{quote} pres78, Yes, MT4 and volume charts are not working good together....I was trading futures on Tradestation.. Clive, I also noticed that you adjust CCi's to fit better trends, chops..and I know you trying to see which fits better, that is normal, but I think 14 and 210 are just as good as any....stick with it, eat, sleep, breathe CCI's and PA and you will get comfortable with it...
Wow you would wait for 210 CCI to go above 200??? I've always considered that to be oversold or bought levels and expecting an opposite move from those levels. My thoughts were that above +100 is a sign of a strong trend above 200 overbought/sold and I am starting to see between +100 and -100 is nomans land or the chop as you guys refer to it, basically a no trade area I guess yea???
Feel the Fear and do it anyway!!!
  • #705
  • Jul 2, 2014 12:24pm Jul 2, 2014 12:24pm
Quoting clivepackham
{quote} Wow you would wait for 210 CCI to go above 200??? I've always considered that to be oversold or bought levels and expecting an opposite move from those levels. My thoughts were that above +100 is a sign of a strong trend above 200 overbought/sold and I am starting to see between +100 and -100 is nomans land or the chop as you guys refer to it, basically a no trade area I guess yea???
The reason I am saying 200 is because at least you know price wants to be there and go that direction and it is ok if it stops at around 100 and continues there......all you need is 10-20 pips a day, no more...1 min is scalping technique..it is very hard to identify new trend beginning...ok...keep on going..
  • #706
  • Jul 2, 2014 1:51pm Jul 2, 2014 1:51pm
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 entry point.
Chart for the trade mentioned in this post.

Attached Image (click to enlarge)
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Today's zone = Tomorrow's opportunity!
  • #707
  • Jul 2, 2014 2:52pm Jul 2, 2014 2:52pm
Quoting pres78
{quote} Chart for the trade mentioned in this post. {image}
What is the actual trigger point for you?? What actually makes you hit it!!!
Feel the Fear and do it anyway!!!
  • #708
  • Jul 2, 2014 3:15pm Jul 2, 2014 3:15pm
Quoting clivepackham
Just asked them the same question and this is their reply. "You need not to worry, we are not here to scam anyone. you can check regulatory websites with our registration numbers Capital Trust Markets is a registered trademark of CTM Group Limited. CTM Group Limited is registered with the New Zealand business registrar (Registration Number: 4623222) and is regulated by the Financial Services Providers Register (FSPR) of New Zealand (Registration Number: FSP339386) and is also a member of The Insurance & Savings Ombudsman Scheme Inc. CapitalTrustMarkets.Com...
Hi Clive,

Their "regulation" is the bear minimum allowed. There are plenty of Australiasian firms that offer the same product but have way higher levels of security.
Boasting segregated client funds hasn't saved clients of firms that have gone bust in the past. Personally I would only trade with one who was regulated by an actual exchange or who demonstrated capital of significance and longevity, not one who started last year Good luck.
  • #709
  • Jul 2, 2014 3:16pm Jul 2, 2014 3:16pm
Quoting clivepackham
{quote} Hi Donika and Mingary, Many thanks for 2 great examples of ABCD patterns. Great stuff. I've attached Donikas example because it actually shows 2 very nice examples of ABCD trades one after the other, but I also wanted to use it because it lends itself nicely to my strategy. Notice how the 100LWMA (red MA) is sloping up at about a 45 degree angle? The 15 min CCI (lower one210 period)has just given a buy signal(crossed up from below the -100 level and is generally above the +100 level? Notice how the 1 min CCI (top one 14 period) has given...
hi cliv
can you please share us the LWMA indicator ?
thanks
  • #710
  • Jul 2, 2014 3:37pm Jul 2, 2014 3:37pm
Just wanted to recap some great trading today with a quick recap of 2 great trades by myself and pres78. I will just point out points on my trade as pres78 already shown his trade.

Wanted to point out something about my entry which I love most about the CCI is how it leads price, yep no doubts about it, it leads price. Don't believe me?? Then take a close look at my entry today on GBPCAD.

Notice how the CCI was going up long before the price started up?? I'd say it was about 7 mins before price turned up following the CCI indy. So all indys lag heh??? Not my little old CCI, he's well in front of price nearly every time to a certain degree. The good thing for me is it gives me a warning that price is about to turn as its approaching one of our key levels, the previous high. As CCI is a momentum indicator all its really telling me is that price is not going down as fast as it was, in other words its slowing down preparing to turn.

Then I'm looking for a HA candle colour change back with the trend in this case green to confirm price is turning back up or rather price momentum is turning back up. Thats our signal candle place a pending order , a buy stop, 1 pip above that candle. If hit all well and good, however if momentum turns back down again cancel pending order and wait for next green candle and place another pending order. repeat until either pending order hit or key level past or point A of our ABCD move is exceeded. Then its all orders off its an invalid ABCD setup, move onto another pair.

Also note these were both very positive entries as our 15 min CCI (210) remains above the +100 level so denoting a strong upward trend. Both were about 7 pip stops.

Pres78's ran about 30 odd pips and mine about 20 so might of got 25 and 15 respectively but heres an idea going forward.

How about if we had both held until price closed down over the 100lwma??? About 36 for Pres78 and 10 for mine a nice little 46 pip trade. With my 1% per pip risk thats 46%.

Wise after the event obviously but just a thought for exits in the future maybe???

Anyway whatever way you look at it a bloody good day lets see if we can get more of the same tomoz??
Attached Image (click to enlarge)
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Feel the Fear and do it anyway!!!
  • #711
  • Jul 2, 2014 5:27pm Jul 2, 2014 5:27pm
Quoting fredgold3434
{quote} hi cliv can you please share us the LWMA indicator ? thanks
Hi fredgold3434

Its just a Linear weighted Moving Average available on all MT4 platforms and any others I reckon. Just goto your standard indicators click on moving averages and then select Linear Weighted Moving Average as per box below.

Hope that helps.
Attached Image
Feel the Fear and do it anyway!!!
  • #712
  • Jul 2, 2014 10:32pm Jul 2, 2014 10:32pm
hi clive
can you share indicator & tempelt ?
thanks
  • #713
  • Jul 2, 2014 11:07pm Jul 2, 2014 11:07pm
Quoting pres78
{quote} Chart for the trade mentioned in this post. {image}

hi pres, i have noticed you use divergence alot.
never occurred to me as i mainly use it for higher TFs
thanks for pointing that out!
  • #714
  • Jul 2, 2014 11:25pm Jul 2, 2014 11:25pm
Quoting saticdoor86
{quote} hi pres, i have noticed you use divergence alot. never occurred to me as i mainly use it for higher TFs thanks for pointing that out!
Hi saticdoor86

Did you see post 710 thats divergence demonstrated at its very best, momentum leading the price thats all divergence really is but very very powerful when used correctly.
Feel the Fear and do it anyway!!!
  • #715
  • Jul 2, 2014 11:35pm Jul 2, 2014 11:35pm
Quoting saticdoor86
{quote} hi pres, i have noticed you use divergence alot. never occurred to me as i mainly use it for higher TFs thanks for pointing that out!
Quoting clivepackham
{quote} Hi saticdoor86 Did you see post 710 thats divergence demonstrated at its very best, momentum leading the price thats all divergence really is but very very powerful when used correctly.
The CCI gives some great divergence signals and warnings. CCI 14 divergence within a retrace as Clive showed, divergence between one retrace and another as I have shown and trend CCI 210 divergence as price goes up or down by the trend slows / fades.

How about those crazy AUD pair moves last evening during the speech / news... Crazy!

NFP TODAY!
Today's zone = Tomorrow's opportunity!
  • #716
  • Jul 2, 2014 11:41pm Jul 2, 2014 11:41pm
Quoting pres78
{quote} {quote} The CCI gives some great divergence signals and warnings. CCI 14 divergence within a retrace as Clive showed, divergence between one retrace and another as I have shown and trend CCI 210 divergence as price goes up or down by the trend slows / fades. How about those crazy AUD pair moves last evening during the speech / news... Crazy! NFP TODAY!
Thanks for the warning Pres78 would of forgotten about that especially as its Thursday!!!

Heres my morning analysis for today for what its worth as its NFP plus theres GBP news at 09.30 my time too.

With such AUD strength over night, all 7 AUD pairs in my 5 min Top Trender, caused by a very positive news release with enormous differential.

Just wander how this will affect London open today , mind you I guess NFP will over ride all else.
Attached Image (click to enlarge)
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Feel the Fear and do it anyway!!!
  • #717
  • Jul 2, 2014 11:45pm Jul 2, 2014 11:45pm
Quoting clivepackham
{quote} Thanks for the warning Pres78 would of forgotten about that especially as its Thursday!!! Heres my morning analysis for today for what its worth as its NFP plus theres GBP news at 09.30 my time too. With such AUD strength over night, all 7 AUD pairs in my 5 min Top Trender, caused by a very positive news release with enormous differential. Just wander how this will affect London open today , mind you I guess NFP will over ride all else. {image}
We saw AUD weakness overnight, not strength.
Today's zone = Tomorrow's opportunity!
  • #718
  • Jul 2, 2014 11:47pm Jul 2, 2014 11:47pm
Heres my Top 4 Trenders today. I know its NFP but will be interesting to see how this works out remember last NFP we had a very tradable move in the morning. If nothing else we have 2 post news trades to look at GBP this morning and NFP this afternoon, should be fun.
Attached Image (click to enlarge)
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Feel the Fear and do it anyway!!!
  • #719
  • Jul 2, 2014 11:49pm Jul 2, 2014 11:49pm
Quoting pres78
{quote} We saw AUD weakness overnight, not strength.
Ha Ha sorry not the best at reading these long term charts am I???

To be honest its irrelevant doing a morning analysis with this system as the whole idea is to sit back and watch what the market actually does about it not what I think!!!

Just as well with my analysis skills!!
Feel the Fear and do it anyway!!!
  • #720
  • Jul 2, 2014 11:52pm Jul 2, 2014 11:52pm
All change!!!
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Feel the Fear and do it anyway!!!
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