Trading is as simple as ABCD

I have to assume so. If you set the indi to have it's Buy_level at -100 and it's Sell_level at 100. The alert wording would have to be updated as I have it based on the 100 levels since that is what I am trading in this system. Between the 100 levels is a dead zone, no trend in place. Normally this path of crossing the 100 levels and heading to the other 100 level is painful and slow (other than at news time). At the end of the day you could make / write the indi to alert for anything... Talk to Ted if you want or need more alert levels. Adding the email and removing the entry CCI from the Alert decision was quite simple. I do strongly recommend removing the entry CCI from the alerts...

Just a reminder... post 802 in huge bold letters you wrote...

I don't want to waste my time dealing with dead pairs so I made this (well modified yours for this thread, I am building my own for me with some other things I want to make reading the CCI quick and easy) to signal when we have entered trend. If you are able to catch the first time the CCI 210 has hit 100 or -100 then you are seeing the first momentum swing. You are concerned about missing the all important first swing... well this alert will tell you when that happens. If we are seeing a swing in price and the CCI is between -100 and 100 then we are seeing a range and NOT a trade-able swing.

This indi and alerts is going to be a game changer for me as now I don't have to watch for the CCI's to enter trend. Slap it on whatever I trade and only check the charts when I get the alerts. Thought about adding a sound alert to go with the pop ups but haven't decided on that yet. Right now the pop up is good but the email alert (well set up as a text alert through MT4 for me). It ensures that I know when the CCI first goes into trend and anytime it leaves and goes back into trend. For this system that is all I need.

Test it Clive... your -100 cross for buys and 100 cross for sells is flawed. Being alerted of this will only waste your time. Look back at the charts, look even at one. GBPCAD from Friday.

You would have gotten 18 failed alerts, 2 good. The two good were followed shortly by CCI 210 entering trend. Why? Because they occurred at trend changes. Too much noise for me. But like I said it CAN be done so talk to Ted.



I trade the majors (well not so much anymore but have them open), a few CFD's like Oil and ES (S&P) and anything that has a daily range of 80 or more (prefer those with over 100 but these days 80 and up is great). I use my ADR indi to track the ones with the best ADR's.

My dear friend pres78

You misunderstand me totally I wouldn't of taken any of those failed +/-100 crosses you highlighted on previous post as the vast majority are against the trend and my MAs wouldn't of crossed. I think my MA's are very similar to your slow Hienken Ashi indy. (that is a slow HA indy isn't it??)

No my reason behind the opposite cross is very simple, its my first warning that maybe the trend is about to swing, its also my first early warning that the trend I am trading is weakening and about to end possibly. Of course by definition then it is also possibly the first sign of a pending reversal too.

I think its very important to know when a strong move one way is about to end as it will invariably lead to a very strong move the other way, if back with the daily trend maybe even bigger than the original move.

Don't worry it is only the first of about 3 filters to tell me to look at a pair reversing I am NOT taking it as a trade entry on its own, never ever, ever in a million years.No I need to then see the last LH or HL taken out then the MA's to cross then a cci signal and price action to confirm eg sell a LH or buy a HL. So you can see its my way of alerting me to a possible reversal. Nothing more or less just an alert.

Why do I want to know about it when it first crosses down or up???

Because its a first warning , nothing else, also as we have discussed here on several occasions, the first HL or LH is the best entry in a trend. This is a way to catch that all important first LH or first HL, I'm afraid we will miss them most of the time if we wait for a cross of the opposite side CCI level. Check out your own chart you will see that the trend is well on its way if we wait for the trend CCI to cross the relevant 100 level. By the way the CCI is considered overbought or oversold whenever it trades above or below the 100 levels so again the sooner we get in to the new trend the better.

To be honest its all part of my overriding goal to have bigger winners than my losers so the sooner I see confirmation of a trend change the better for me but I will need exactly that confirmation as stated above I won't just rely on the 100 level cross, trust me.

So thanks again for your concern and warnings but please rest assured I have no intention of entering solely on a CCI crossover.

Lets keep this going feel sure we are very very close to an awesome trading system.

All the best Clive.

By the way pres78 do you fancy posting your slow HA indy???

Cheers.

No I understand fully. I wasn't talking of failed trades I was talking of failed alerts. Time wasted on checking the charts for 18 alerts that lead to nothing. The CCI is considered overbought and oversold based on the 100 levels... yes I understand but the CCI was/is also geared towards the higher TF charts. That is ultimately what we (Van and I) and doing here is trading the oversold / overbought retraces on the 14 CCI back inline with the CCI 210 trend. Look at how long the CCI 210 stays over / under 100 on the 1 min chart while the pair is running. You wouldn't stick a CCI 210 on a daily chart and trade the oversold / overbought... you would trade the CCI 14 for that.

The goal is for me the same as it always was. Trade the times when CCI 14 (1 min) pulls out of line with the trending CCI 210 (15 min).

On a 1 min chart the 200+ levels seem more important to true overbought / oversold on the CCI 210 on the 1 min chart. Most times when it spikes to the higher numbers (300 and over for example) the trend does tend to fade. Not always end but at least fade. You can also see how when the CCI 14 comes back in line with the CCI 210 trend but spikes to 200+ we tend to see another retrace and we can use these spikes and also divergence in these spikes for entries and also exits.

I will not enter a trade if the CCI 14 spikes to over 200 on my signal bar. I will wait for a normalized retrace. Same as I will not enter a new trade while the CCI 210 is over/under 200.

I know full well what you are trying to do but for me these extra alerts would be so very annoying. As I showed 2 out of 20 alerts you would have gotten on GBPCAD on Friday actually lead to trend change.

I am confused on how you see that waiting for the CCI 210 to hit 100 is too late. That always happens early after the cross (except during news maybe) and always comes before the first retrace.

Anyway keep testing and searching and maybe you will find the key.

I for one am happy with things the way they are as it works day in and day out.

Found this somewhere on FF (I think). As you know I do not use HA candle as you and Van do. Instead I use a HA, MA indi. I don't feel the need to have a green candle to tell me the retrace is over. I do like the HA MA though as I can see when the 100 MA is trending or fading / changing.

You can set the MA type (3 is LWMA, not sure on the others so test them out) and the period. As I said I use it to plot a color changing 100 LWMA.

Fair point my friend but is it really time wasted??? Like you I don't like wasting my time so let me explain when I would use the reverse signal alerts.

Just give me a few mins creating a post with some charts as have to post an initial post ....

Sorry gotta go out family fun etc but will post later,.

OK morning analysis time!!!

Firstly quick reminder who is strongest/weakest on daily charts so if any of these pairs turn the right way might be worth holding for the day. Other pairs that come to the top of my top trenders I will just grab what I can from their 1 min trend and be done with it, so top pairs to hold?? EURCAD , CADCHF, GBPCHF , GBPUSD oh and should of said EURGBP too but as its ATR is 30 pips not going to get too excited about that. We want the big movers with our small 10 pip stop so next best is GBPUSD.

Quick look at the overnight movers on my 5 min TT looking for possible reversal durring the morning as on market often reverses the previous markets moves.

Lastly a look at news so we don't get caught by any sudden spikes.


Thats it job done now lets look at top 4 trenders.

Looks like I missed a couple of good entries on our strongest/weakest daily move down, this could go a long way today, but then again it might not??

Oh well no worries there will be another bus along shortly after all this is the 1 minute chart.

I meant to do a post about this Sunday but got involed with some family fun instead, very quickly what I was going to say is I would use the early warning sign that the 15 min CCI had turned down by crossing its +100 level on strong moving daily pairs as I want to know sooner than later that the strongest moving daily pairs are moving the right way.

Just imagine if this is the last 15 min CCI turn down ever on EURCAD???

That way there's every chance of catching a strong daily move on a 1 minute entry and that means bigger winners than our losers, and that guys is my main goal here , bigger winners than my losers.

A lot bigger winners than my losers.

Here's my main man for the day, well next 10 mins anyway, EURCAD turned down at Fridays high too so I'm not the only one interested in this thats for sure.

In and safe as not too sure about that last move up a bit too positive for my liking.

Hmmm had a feeling it might do that as pres78s indy 100lwma indy went green so always enter with caution but will keep an eye on it today, one things for sure if EURCADs going down I want to know about it!!!

Back to watching

Ok here's an observation I want to make about trading.

Its not the strategy thats at fault its the trader 99% of the time.

How do I know that??

Well this morning I woke up with a little Bee in my bonnet that EURCAD was going down today, so I've spent all morning messing around with EURCAD whilst this has been going on on my top 4 Trenders.

Now my strategy is quite clear "Trade the Top Four Trenders" enter as per the strategy move to BE trade the 1 minute trend simple as that.

Basically whatevers moving on the 1 min I want to trade it!!!

So why don't I???? Because I think I know better than the market, thats why??? But I don't!!

So when the **** am I gonna learn that?????

Like I say nothing wrong with the strategy, Jesus its even my own bloody strategy, just the Trader!!!

As always guys its just the trader that sucks not the strategy!!!

Hi Clive
Yes the system as intended worked really well again this morning with gbp weakest and chf, jpy, nzd and cad the strongest. But then day in day out its pretty much the same story.

You can say that again Mr V. just look what happened to two of my top trenders from post above GBPJPY and GBPCHF plus just after I posted it became clear that there was GBP weakness right across the board as nearly all GBP pairs were in top 8 trenders.

Doesn't look like they've finished for the day yet either does it??

Why don't I just follow my system of trading the top 4 trenders in the morning???

Don't bother answering me gonna answer it myself in next post just give me a minute to post it up.

Well there you go looks like they've read the NFP report and decided to buy EURUSD and its dragging EURCAD up with it. Fair enough thats their choice. Obviously the markets got it wrong today and I've suffered because of it, just lost 10 pips selling EURCAD.

Yea thats right the markets got it wrong today!!! EURCAD has to go down!! Its the strongest/weakest on the daily charts for heaven sake!! Its not me, oh no I couldn't possibly get it wrong, I'm always right!! The Market got it wrong today, yet again!!

Thats how I spent the first 5 years trading Forex thinking that, nearly everyday. Yep everyday I'd think the market was going to go one way but guess what the market got it wrong every day. Yep I know the market got it wrong you see, because I was studying the daily charts and looking for entries on the 1 hour and 4 hour charts. The market had to be wrong, after all, I was working it all out. I was using all my technical analysis skills to mark my support and resistance levels, I'd plot my fib levels why I'd even work out where I was going to take profit, yep I had it all worked out!!

I'm sure you all know what I'm talking about, you've all done it before, I'm sure. The market had to be wrong!!! Didn't it look at daily charts?? Didn't it know it was supposed to respect support and resistance levels? Why didn't it turn at that 0.618 fib level?? What the hell was wrong with it??? Was it broken???

But there was nothing wrong with it was there? It wasn't broken was it??? No I was wrong and with a surprising amount of success, I was wrong nearly everyday.

That was when I had my lightbulb moment and decided to develop a strategy that just "followed" the market instead of trying to "predict" the market. Yep thats when I decided to just trade the 1 minute charts and just follow the money as it came to the table at every market open.

Thats when I developed my simple little strategy trade the 1 minute trend in the direction of the 15 min momentum. Just follow the money!! Simple as that.

And here it is, pure and simple, just trade the 1 min CCI turns in the direction of the 15 min CCI momentum. Problem solved, nothing could be simpler, nothing more to worry about just follow the money. Right????

Wrong!!! I still think I know better than the market!!! Even though I sit here day after day watching my Top Trenders fly one way or the other with perfect little trends and perfectly tradable ABCD's all over them,. I still manage to lose!!! Beggers belief to be honest with you, doesn't it???

I even have 3 incredibly talented Traders advising and guiding me, telling me what to do and where I'm going wrong but still I keep losing!!!

All because I think I know better than the market. I think I can predict where its going. You see its more important to us humans to be right than it is to actually make money! Well this particular human being anyway.

But here's the good news, folks!!

Todays trading has just confirmed the same message that my lovely wife Claire delivered to me at the weekend. It was during one of our cosy "little chats" we often have. It went something like this.

"Of course you know what your problem is don't you???" My lovely wife Claire screamed at me, in the midst of our "cosy little chat". "No i said but I'm sure you're just about to tell me, aren't you??" I shouted back.

"You've got no self discipline and you never ever have, all your life, you've lacked self discipline !!" Then she added "What you need is the self discipline to do the right thing, at the right time, when your'e suppose to do it" and she reached out to pick up a rolling pin, just in case she needed to endorse her argument further.

But she needn't of worried I got the message loud and clear and I got the same message again today with my trading.

"I need to develop my self discipline to trade my plan the way its suppose to be traded"

From now on I am just going to trade my system the way I am suppose to trade it. From now on, I will look at my top 4 trenders and just trade them, thats it, simple as that from now on I am going to just follow the market and not try to predict the market. And sure there's still going to be losers but at least they will be system losers not some wild, cockeyed, self deluded, fly by night idea that I believe I can "predict" where the markets going. Jesus I don't even know where the next ticks going never mind the next 15 minutes???

And you guys can help me, here's what I'm gonna do.

I'll post up my demo account on my explorer and if you see any non-system trades then you have my permission to hit me round the head with that rolling pin as hard and as many times as you like!!!

But please , don't tell Claire I said that!!!

Armed and ready...

Awesome!!!!!

Almost as good as this top trender from this morning!!!

Ok here we go, top trenders.

Just one question have they gone too far???

Well I think according to MR Elliott they have just gone through a correction move ABC so this should be the start of a new 5 wave pattern, anyone agree disagree???