Trading is as simple as ABCD | Page 41 | 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

  • #801
  • Jul 4, 2014 9:40am Jul 4, 2014 9:40am
Quoting saticdoor86
{quote} nice, would love to learn the stuff one day. they have a thread here on it?
Don't waste your time saticdoor86

If you can look at a chart and know its going up or down then you have all the skills necessary to trade forex.

Its very very simple it can only go up or down.

Look at a chart and decide whether you're a buyer or a seller then choose your place to enter and away you go.

Please note , I said "simple" not "easy" by the way.
Feel the Fear and do it anyway!!!
  • #802
  • Jul 4, 2014 9:59am Jul 4, 2014 9:59am
Well the market is dead not a single 1 minute chart trending so if the 1 mins going nowhere , sure as hell nothing else is either!!!

If there's one thing we all gotta learn its as simple as this.

"If it ain't trending we ain't trading"


Time for a cuppa I think, anyone got any questions???
Attached Image (click to enlarge)
Click to Enlarge Name: market is dead mon.PNG Size: 78 KB
Feel the Fear and do it anyway!!!
  • #803
  • Jul 4, 2014 10:06am Jul 4, 2014 10:06am
Hmmm someones woken up at last.
Attached Image (click to enlarge)
Click to Enlarge Name: 1407041604mon.PNG Size: 80 KB
Feel the Fear and do it anyway!!!
  • #804
  • Jul 4, 2014 10:10am Jul 4, 2014 10:10am
Could be interesting????
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdm1.png Size: 61 KB
Feel the Fear and do it anyway!!!
  • #805
  • Jul 4, 2014 10:17am Jul 4, 2014 10:17am
Missed a quick one here but no 1 min CCI signal so just as well. It'll pullback in a minute and we'll jump on then if we can.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdm1.png Size: 57 KB
Feel the Fear and do it anyway!!!
  • #806
  • Jul 4, 2014 10:19am Jul 4, 2014 10:19am
Quoting clivepackham
Missed a quick one here but no 1 min CCI signal so just as well. It'll pullback in a minute and we'll jump on then if we can. {image}
Van's 200 scale retrace would have gotten you in (if that is part of your trade plan).

I love those bowl shaped retraces on the trend CCI...
Today's zone = Tomorrow's opportunity!
  • #807
  • Jul 4, 2014 10:22am Jul 4, 2014 10:22am
Hmmm not sure about this EURNZD aren't we suppose to be selling this??? One of the strongest/weakest daily combinations but downwards not up so problem is if we buy it at any moment we could run headlong into a massive sell order. Don't fancy that do we so best to wait for a nice break and retest of a key level well away form the last high. If I can get some distance between me and the last high then I've got a chance to get to BE then it won't matter if we run into a brick wall.
Feel the Fear and do it anyway!!!
  • #808
  • Jul 4, 2014 10:27am Jul 4, 2014 10:27am
Quoting pres78
{quote} Van's 200 scale retrace would have gotten you in (if that is part of your trade plan). I love those bowl shaped retraces on the trend CCI...
Yep hear what you're saying but it all happened just a bit too quick even for me, had just sat down with my cuppa when it shot up. I have been tinkering with the idea of taking any momentum swing on 1 minute once 15 min CCI over +100 level. However as I said in last post I think its better against the trend to wait for a deeper pullback away from the face as I call it, so I've got a chance to grab say 8 pips move stop to 7 pips and seee what happens.

You know me, I like to play it cautious..........
Feel the Fear and do it anyway!!!
  • #809
  • Jul 4, 2014 10:36am Jul 4, 2014 10:36am
Quoting clivepackham
Hmmm not sure about this EURNZD aren't we suppose to be selling this??? One of the strongest/weakest daily combinations but downwards not up so problem is if we buy it at any moment we could run headlong into a massive sell order. Don't fancy that do we so best to wait for a nice break and retest of a key level well away form the last high. If I can get some distance between me and the last high then I've got a chance to get to BE then it won't matter if we run into a brick wall.
Brick wall estimation at 55669 to 5570+ish...
Today's zone = Tomorrow's opportunity!
  • #810
  • Jul 4, 2014 10:47am Jul 4, 2014 10:47am
Quoting pres78
{quote} Brick wall estimation at 55669 to 5570+ish...
yep see that so need to step right back about 10 pips to take a run at it so not doing anything until we get that pullback thats for sure.

Quite happy to trade into these levels especially if we were with the daily trend but definately need some space between us and the brick wall don't we???
Feel the Fear and do it anyway!!!
  • #811
  • Jul 4, 2014 10:52am Jul 4, 2014 10:52am
You know when price just keeps sliding up like this with no pullbacks, I believe its due to a complete lack of sellers rather than an overwhelming amount of buyers. If it was buying pressure there would be pullbacks wouldn't there.

Nope this has a look of "No sellers" so price just keeps edging its way up, probably due to the bank holiday in America I'd guess.

Either that or someones waiting in ambush to jump on any buyers??
Feel the Fear and do it anyway!!!
  • #812
  • Jul 4, 2014 10:55am Jul 4, 2014 10:55am
What do you think Pres78???

Not really a tradable move is it???

Not going to waste my money or time trading this, too lack lustre , no go in it whats soever, give it amiss I think don't you???
Feel the Fear and do it anyway!!!
  • #813
  • Jul 4, 2014 10:57am Jul 4, 2014 10:57am
New top trender this looks a little more active.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadm1.png Size: 45 KB
Feel the Fear and do it anyway!!!
  • #814
  • Jul 4, 2014 10:59am Jul 4, 2014 10:59am
Brick wall alert 1.4480!!!
Feel the Fear and do it anyway!!!
  • #815
  • Jul 4, 2014 11:05am Jul 4, 2014 11:05am
Quoting clivepackham
What do you think Pres78??? Not really a tradable move is it??? Not going to waste my money or time trading this, too lack lustre , no go in it whats soever, give it amiss I think don't you???
What EURNZD or just in general?

Quoting clivepackham
You know when price just keeps sliding up like this with no pullbacks, I believe its due to a complete lack of sellers rather than an overwhelming amount of buyers. If it was buying pressure there would be pullbacks wouldn't there. Nope this has a look of "No sellers" so price just keeps edging its way up, probably due to the bank holiday in America I'd guess. Either that or someones waiting in ambush to jump on any buyers??
To touch on your previous post. Yes the market has ease of movement due to US Bank Holiday. This drift ups after London close are quite common really and you are correct in that it is lack of selling and not really new buying that pushes this drifts upward. Markets go down when there are more (or stronger) sellers than buyers and up when there are more (or stronger) buyers than sellers. Retraces in a bull market are a bulls tool to one take some profit, but more so to suck in shorts to fill more of their longs. That is what the key levels like the BRN's are so important and why we see so many fake out, break outs.

As we know to fill their buy orders they need sell orders. They get these not at the highs but in the dips. They create the sense of bear market to get people selling all the while they are buying into this selling. Their positions grow, SL's are hit and we get imbalance which is what creates trending and strongly moving upward markets (opposite of all that for downtrends).

What we see in these drifts is the result of already in place imbalances in the market playing out with no opposing forces in place to stop it. Mind you even in a dead market there are the little ripples that we are seeing as some profits are taken, pending orders of various sizes are filled and little guys that are still opening and closing trades.
Today's zone = Tomorrow's opportunity!
  • #816
  • Jul 4, 2014 11:21am Jul 4, 2014 11:21am
Quoting pres78
{quote} What EURNZD or just in general? {quote} To touch on your previous post. Yes the market has ease of movement due to US Bank Holiday. This drift ups after London close are quite common really and you are correct in that it is lack of selling and not really new buying that pushes this drifts upward. Markets go down when there are more (or stronger) sellers than buyers and up when there are more (or stronger) buyers than sellers. Retraces in a bull market are a bulls tool to one take some profit, but more so to suck in shorts to fill more of...
Yes all makes perfect sense and as theres no real movement I think I'm going to call it a day today.

Been a long day and caught some pips so more than happy today, looking forward to next week, feels like I'm getting the hang of this trading game improving discipline and patience is making all the difference to be honest.

Did you do any good today???
Feel the Fear and do it anyway!!!
  • #817
  • Jul 4, 2014 1:29pm Jul 4, 2014 1:29pm
Quoting pres78
{quote} Brick wall estimation at 55669 to 5570+ish...
Damn it I was off by a pip... High on that afternoon drift up was 55679 !
Today's zone = Tomorrow's opportunity!
  • #818
  • Jul 5, 2014 10:31am Jul 5, 2014 10:31am
Quoting clivepackham
{quote} Don't waste your time saticdoor86 If you can look at a chart and know its going up or down then you have all the skills necessary to trade forex. Its very very simple it can only go up or down. Look at a chart and decide whether you're a buyer or a seller then choose your place to enter and away you go. Please note , I said "simple" not "easy" by the way.



true!
  • #819
  • Jul 5, 2014 6:59pm Jul 5, 2014 6:59pm
Quoting clivepackham
{quote} EDIT: By the way if you want to get buy and sell signals at the same time just put it on chart twice, one set to buy and one set to sell. {file}
My gift for anyone that wants to test it... Clive's CCI with the pop up alert fixed to only take into account the trend CCI (no way do I want pop ups every time the CCI 14 hits the 100 levels, for anyone that uses the entry CCI all in one window). So turn the alert on the CCI 210 only and off on the CCI 14 window (unless you use all in one). You will then get a pop up that tells you the CCI 210 has entered trend (hit the +100 or -100). I made it so it looks as the last 2 closed bars. Bar 1 (last closed) must close at or over / under 100. Bar 2 (second last closed) must have been below / above 100. This way you get the first alert only and anytime we dip in trend and re-enter trend.

I also added email alert so if you have MT4 set-up to email you the indi alerts or text them to you as I do then you will get a message that says (test it on GBPJPY 1 min);

(Sell Trade Alert) Trend CCI Below -100 GBPJPY M1 @ "local time"

How's that work for ya? No more separate indi for email alerts and no more needing it twice as this one covers buy and sell trends. You can set the buy and sell levels I have them set for 100 and -100.

MAKE SURE YOU TURN OFF THE ALERTS ON THE CCI 14 AS THIS WILL ANNOY THE HELL OUT OF YOU!

I tested the pop up, email and text and it all works great. Like I said put it on GBPJPY 1 min and you can test both alerts.
Attached File(s)
File Type: ex4 Clive's Histogram CCI Email.ex4   17 KB | 377 downloads
Today's zone = Tomorrow's opportunity!
  • #820
  • Edited 5:19am Jul 6, 2014 4:04am | Edited 5:19am
Quoting pres78
{quote} My gift for anyone that wants to test it... Clive's CCI with the pop up alert fixed to only take into account the trend CCI (no way do I want pop ups every time the CCI 14 hits the 100 levels, for anyone that uses the entry CCI all in one window). So turn the alert on the CCI 210 only and off on the CCI 14 window (unless you use all in one). You will then get a pop up that tells you the CCI 210 has entered trend (hit the +100 or -100). I made it so it looks as the last 2 closed bars. Bar 1 (last closed) must close at or over / under 100....
This is getting weirder by the day!!!!!!!

Guess what I was asking my friend Ted to do yesterday?????

Yep, you've guessed it, Could he adjust my histogram CCI to alert on crosses of levels, zero , +/-100 etc etc so I could take off the email alerts that were driving me crazy with their constant alerts!!!!

And all the time there you were changing the code to exactly what I was thinking of.

How bloody spooky is that????? There's a guardian angel looking after me with this thread thats for sure.How you doing Dad???

Just a quick question and don't get all upset with me here but can I set it for a buy signal when price crosses upwards across the -100 level and a sell signal when it goes down across the +100 level???

I know, I know , you don't think I should be doing that but I'm just asking, thats all, just asking?? Think of it as an early warning that something is about to happen and we need to be having a look at that chart, you know to give us time to prepare for our entry, after all if you only get an alert when its gone over the +100 level you might have missed that all important first pullback eg first HL or LH.

Great job anyway it will be an enormous help in bringing our attention to the charts at just the right time. How do you suggest we decide which charts we have it sitting on to monitor??? How about having just say 6 of the most volatile pairs (the ones that move the most) covering all 8 currencies so that if a particular currency goes weak across the board then we should receive an alarm telling us to take a look at it?

I might suggest GBPUSD, EURAUD, EURNZD, GBPCAD, GBPJPY, GBPCHF I think that covers all currencies but also fits the bill as the most likely to move the most pips in a day.

I have a little ADR table indy which shows the the biggest ADR's for top 8 pairs, might come in handy for picking best pairs to monitor,attached below.

Great job.
Attached File(s)
File Type: mq4 ADR Table v2.mq4   6 KB | 566 downloads
Feel the Fear and do it anyway!!!
28 traders viewing now