Trading is as simple as ABCD | Page 46 | 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

  • #901
  • Jul 9, 2014 12:48am Jul 9, 2014 12:48am
Wrote that post last thing last night before I went to bed thinking about it all and wandering why I'm still getting it wrong???

Well if you have a problem the best thing to do is go to bed thinking about it and your sub conscious brain will work away on it for you all night whilst you sleep. Then, Hey Presto in the morning you wake up with the solution!!!

Yep and thats exactly, what happened to me, but I'm not going to dribble on about it here, I'm going to give it a go today and see how it goes.

If it works and I double my account today. Its party time ,and I'll share it with you all.

If I don't and keep on losing I'll go back to bed and sleep on it some more.
Feel the Fear and do it anyway!!!
  • #902
  • Jul 9, 2014 2:01am Jul 9, 2014 2:01am
Quoting clivepackham
Just had a loser so time to swallow the medicine and have a look why see if I can learn anything from it?? First of all it was a system trade in that it was on my TT at the time and the 15min CCI had gone over the -100 level, it had come back below -100 but was sloping back up towards -100 so thats ok. However what wasn't to clever is the 15 min CCI going so over sold, it went up over -350 so not a good sign, I think in future I will leave trades that go overbought or sold over the 300 level, they just have to come back with a bang don't they??...
Like you say adr done, time of day also. Are you happy with the a b c formation? If you have a complete retrace of the last move I'd like to see a specific a b c after the retrace.
  • #903
  • Jul 9, 2014 2:05am Jul 9, 2014 2:05am
Quoting clivepackham
Wrote that post last thing last night before I went to bed thinking about it all and wandering why I'm still getting it wrong??? Well if you have a problem the best thing to do is go to bed thinking about it and your sub conscious brain will work away on it for you all night whilst you sleep. Then, Hey Presto in the morning you wake up with the solution!!! Yep and thats exactly, what happened to me, but I'm not going to dribble on about it here, I'm going to give it a go today and see how it goes. If it works and I double my...
Don't guess, don't go for this worked one day and it should be OK every day.

Take your idea and back test it to show that its viable the majority of the time. You can waste so much time by having an idea and forward testing, as that can take days, weeks, months before you know whether it will work. An hour or two back testing could save you weeks.
  • #904
  • Jul 9, 2014 2:15am Jul 9, 2014 2:15am
Quoting Vantage
{quote} Don't guess, don't go for this worked one day and it should be OK every day. Take your idea and back test it to show that its viable the majority of the time. You can waste so much time by having an idea and forward testing, as that can take days, weeks, months before you know whether it will work. An hour or two back testing could save you weeks.
Thanks Mr V.
Feel the Fear and do it anyway!!!
  • #905
  • Jul 9, 2014 2:39am Jul 9, 2014 2:39am
Quoting clivepackham
... If it works and I double my account today. ...
I do not understand this obsession with doubling your account in a day or a month. Maybe look at process-oriented results rather than goal-oriented results? Meaning maybe just try to take good entries and exits and not worry too much about pip count or missed trades? Not a criticism, only an observation.
  • #906
  • Jul 9, 2014 2:42am Jul 9, 2014 2:42am
Quoting peppermint
{quote} I do not understand this obsession with doubling your account in a day or a month. Maybe look at process-oriented results rather than goal-oriented results? Meaning maybe just try to take good entries and exits and not worry too much about pip count or missed trades? Not a criticism, only an observation.
I gotcha, dont worry the double my account thing is more just a saying not an actual goal for today.

Thanks.
Feel the Fear and do it anyway!!!
  • #907
  • Jul 9, 2014 3:52am Jul 9, 2014 3:52am
Hi Clive

I am playing around with the TT indi especially for the 5 min ma.

To me this was perfect this morning (I was away from the computer unfortunately) but gbpaud would not have featured on both TT lists as the 5 min 100 ma was flat.

CCI 210 has hit -100, cci 14 retrace, below both ma's (there were trades on other pairs but pa within ma's which would have given me an issue), ma angle and/or separation, a b c's as per the arrows down.

Anyway for the 5 min TT ma setting I have amended it to 40, I know this is very close to the 1 min but if this is the method you need signal quickly.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 36 KB
  • #908
  • Jul 9, 2014 5:50am Jul 9, 2014 5:50am
Quoting Vantage
Hi Clive I am playing around with the TT indi especially for the 5 min ma. To me this was perfect this morning (I was away from the computer unfortunately) but gbpaud would not have featured on both TT lists as the 5 min 100 ma was flat. CCI 210 has hit -100, cci 14 retrace, below both ma's (there were trades on other pairs but pa within ma's which would have given me an issue), ma angle and/or separation, a b c's as per the arrows down. Anyway for the 5 min TT ma setting I have amended it to 40, I know this is very close to the 1 min but if this...
Thanks Mr V.

I find the most important thing about the TT indy is to just look at pairs initially based on the 1 min TTs but when you first open thier chart you have to make a pretty quick take on where you are in the current trend. At the start? In the middle? or at the end? then go from there. Really important to get that bit right before taking any trades.

I'm also working on something with the early warning thingy too as I'm constantly getting into these trends too late, but will back and forward test before I share, otherwise I'm just wasting everyones time and effort, even worst maybe their money!!! Although I doubt that, as anyone who followed this system at the mo would be mad, wouldn't they???

Will let you know how I get on , don't worry same system just a slightly different approach to the 15 min CCI.

Anyway not trading today as gotta get some work done unfortunately but whenever I do trade, hopefully you will see a vast improvement in my results with any luck.

Catch up later.
Feel the Fear and do it anyway!!!
  • #909
  • Jul 9, 2014 5:59am Jul 9, 2014 5:59am
Quoting Vantage
Hi Clive I am playing around with the TT indi especially for the 5 min ma. To me this was perfect this morning (I was away from the computer unfortunately) but gbpaud would not have featured on both TT lists as the 5 min 100 ma was flat. CCI 210 has hit -100, cci 14 retrace, below both ma's (there were trades on other pairs but pa within ma's which would have given me an issue), ma angle and/or separation, a b c's as per the arrows down. Anyway for the 5 min TT ma setting I have amended it to 40, I know this is very close to the 1 min but if this...
Perfect example Van!
Today's zone = Tomorrow's opportunity!
  • #910
  • Jul 9, 2014 9:58am Jul 9, 2014 9:58am
Hi Pres78

Is there any chance you could put an alert on your MA indy so that it sends an alert when it changes colour??

Cheers
Feel the Fear and do it anyway!!!
  • #911
  • Jul 10, 2014 2:28am Jul 10, 2014 2:28am
Sometimes life gets in the way of trading!! Yet again trades signalled around 40 mins ago. I'm not sure what the TT was showing at the time as I have just put the computer on but judging from the good angle of ma's looks like gu, aud, ea would have been there abouts.

I often prattle on about how a good trade should look. About 9.30 chart time take a piece of paper and cover up the right of the screen. Yes that's what a perfect set up looks like. All rules met yet again, 210 cci, 14 cci retrace, pa above/below ma's, good angle and/or separation, perfect smooth a b c's.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MetaTrader - Pepperstone.png Size: 130 KB
Click to Enlarge Name: AUDUSDM1.png Size: 30 KB
Click to Enlarge Name: EURAUDM1.png Size: 31 KB
Click to Enlarge Name: GBPUSDM1.png Size: 28 KB
  • #912
  • Jul 10, 2014 3:03am Jul 10, 2014 3:03am
Just a quick observation this morning about the market and general, Whatever goes up has gotta come down!!!

I was trying to see if there was any correlation between what happens on the 1 min and the daily charts in trying to identify a bias on which direction I should be trading certain pairs. For instance the EUR is the weakest currency and the CAD is the strongest on the daily charts so stands to reason then surely to only be interested in selling EURCAD???

To be continued just editing.............
Feel the Fear and do it anyway!!!
  • #913
  • Jul 10, 2014 3:26am Jul 10, 2014 3:26am
Quoting clivepackham
Just a quick observation this morning about the market and general, Whatever goes up has gotta come down!!! I was trying to see if there was any correlation between what happens on the 1 min and the daily charts in trying to identify a bias on which direction I should be trading certain pairs. For instance the EUR is the weakest currency and the CAD is the strongest on the daily charts so stands to reason then surely to only be interested in selling EURCAD??? To be continued just editing.............
There will be correlation when your system and D are running in sync. EURCAD has been running down for months now and drifting for last 4 days. You want to be focused on what the D is doing when its reverted to trend and your TF is lining up.

More importantly whats the trigger to have the D signalling start of trend rather than when its run down 3 months. I have my own views on this.

Whilst you will get it right sometimes to get 1 min in line with D using a 10 pip stop will need a minor miracle to get right. You'll need to research like mad, not just the odd winning trade but the many, many set ups that will fail along the way whilst the D is having CT retraces that can go on for days.

You know how many times you have taken a predetermined view only to see system give better trades. I had a BE on ej 2 days ago only to see other higher ranked pairs run 20-30 pips. I was stubborn with my choice of ej.

I think this is yet another of your tangents that will distract only to waste time and energy.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADDaily.png Size: 33 KB
  • #914
  • Jul 10, 2014 4:57am Jul 10, 2014 4:57am
Sold GJ 2ice but chickened out with small pips. I am going for a snooze and will read the thread over the week end.

Good trading to all

Shalom
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Trade - 7102014.gif Size: 46 KB
Low Risk Low Stress High Reward High Probability Trades
  • #915
  • Jul 10, 2014 5:38am Jul 10, 2014 5:38am
EURJPY and GBPJPY both great system sells between FO and into - after LO.
Today's zone = Tomorrow's opportunity!
  • #916
  • Jul 11, 2014 4:44am Jul 11, 2014 4:44am
Hi Clive

I was thinking about your comment about missing the first trade (oh by the way I don't necessarily mean 1st move I mean 1st trade. 1st trade is when your rules have lined up and then you get signal) as the same thing happened to me this morning. Partly because of my own lack of focus.

I am trying out 50 lwma and 100 lwma and on the TT indi 1 min TF 50 lwma and 5 min 20 lwma to approximate these 1 min ma's. See the top chart.

Anyway heres the chart of the trade I missed. For me a perfect trade again, price moves below the range, comes back to test, all rules met, cci 210 -100, cci 14 200 scale retrace, price below ma's with angle and/or separation, clean a b c.

With the quicker ma's there is a quicker reaction on the TT indi, we'll see if this presents problems with continuation trades forward testing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZDM1.png Size: 35 KB
Click to Enlarge Name: GBPNZDM1 2.png Size: 35 KB
  • #917
  • Jul 11, 2014 6:37am Jul 11, 2014 6:37am
Quoting Vantage
Hi Clive I was thinking about your comment about missing the first trade (oh by the way I don't necessarily mean 1st move I mean 1st trade. 1st trade is when your rules have lined up and then you get signal) as the same thing happened to me this morning. Partly because of my own lack of focus. I am trying out 50 lwma and 100 lwma and on the TT indi 1 min TF 50 lwma and 5 min 20 lwma to approximate these 1 min ma's. See the top chart. Anyway heres the chart of the trade I missed. For me a perfect trade again, price moves below the range, comes back...
Good morning sir, how the devil are you??

Yep good thinking but to be honest I'm fairly happy that the 100lwma is quick enough on the 1 min TT , it switches to and fro between pairs as it is, so not too keen to shorten the 1 min LWMA. As for the 5 min TT side I don't wait for that to set up as that is too slow and almost gaurantees you miss the first trade opportunity.

I think the 1 min settings are fine but we need to assess very quickly whether we have a tradable setup once we pull the top trenders charts up, that for me is the issue right now. How do we analyse our 1 min chart to decide to take an entry???

I guess its as you have shown on the above 2 charts above, price drops below both MAs , the MAs have crossed or just about to??? , 15min has just crossed down under the -100 level but the first pullback will take it over again,. Is that acceptable to you???? Especially if its the break and retest of the 100sma, which I believe is an awesome entry point. Stop goes above 100sma or I'm even thinking above last high as if this is the turn down we are looking for then that is the technical level where our expected downtrend has been broken. Also I am happy with this bigger stop because if we have caught first pullback entry in new down trend then can expect a nice wave 3 here with a fairly good wave 5, therefore still a nice RR even with the bigger more cautious initial stop.

The other filter I am starting to consider is the slope rating of the TT indy , the figure to the right of the symbol, should we only accept signals when the 100lwma is a certain slope angle say over 20??? This would hopefully keep us out of ranging situations as it has to be a good move to set that slope on the 100lwma over 20??To me the steepness of the slope is a measure of the strength of the trend and we only want to be trading the strongest trending pairs, otherwise we will get ourselves into trouble.

Here's an example 2 mins ago on GBPAUD look at the TT indy showing only GBPAUD as 20 and the setup is looking good to take the next pullback.Whats your thoughts???

Attached Image (click to enlarge)
Click to Enlarge Name: Over 20 or better for a setup filter.png Size: 62 KB


Just for fun and to show what could be caught I have included GBPJPY from yesterday, I don't think there's a better looking trend any where??? LH after LH all the way down!!! It went down 100 pips and then gave a perfect reversal signal to go back up 50 pips. Have a look at that reversal signal they are very clear like that after a strong move down as its traders banking their profits. Look how oversold the 15min CCI goes -300 plus?? Thats the time to look for the reversal trade in my opinion, if you want you could wait for confirmation with the price crossing over the 100lwma and take the next pullback, Fred's old favourite the break and retest of 100sma.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY trends down then reverses beautifully.png Size: 91 KB


Surely we've got to start catching these moves sooner or later??? There's enough of them every week???

Lets hope so anyway.Catch you later.
Feel the Fear and do it anyway!!!
  • #918
  • Jul 11, 2014 6:49am Jul 11, 2014 6:49am
As we talked about it thought I'd give it a go???

The only concerns I have with these continuation trades is that we are actually selling an oversold 15 min CCI??? Now by definition the CCI only spends 30% of its time above these 100 levels and 70% of its time between them??

So my thoughts are , isn't the more probable trade here the reversal??? maybe we should be looking at these overbought and oversold levels on the CCI as actually when it might reverse more often than it continues??

Don't get me wrong I'm not saying for 1 minute lets buy this now, oh no, I would wait for the reversal signals to back it all up. Price crosses back over 100lwma, mas cross etc etc but just wandered isn't that the higher probability trade here???

Just a thought......
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD1407111245.png Size: 60 KB
Feel the Fear and do it anyway!!!
  • #919
  • Jul 11, 2014 7:13am Jul 11, 2014 7:13am
Hi Clive,

I read your first page and your last page and could I ask you a question?
Is trading as straight forwards as you said on your first page?

Andy
  • #920
  • Jul 11, 2014 7:32am Jul 11, 2014 7:32am
Quoting Asw
Hi Clive, I read your first page and your last page and could I ask you a question? Is trading as straight forwards as you said on your first page? Andy
Good question Andy and the answer is an unerring "yes".

But I chose my words very carefully and said it was "simple" not to be mixed up with "easy" and definitely not "straight forward".

Now surely Andy it can't be complicated if it can only go up or down???I do believe we over complicate it thats for sure, generally over analyse, I believe we tie ourselves up in knots looking for some complicated solution. Whilst all the time there's a simple solution staring us in the face.

Now I'm certain there's a simple answer here somewhere, buried under all this "boloney"just gotta find the little rascal.
Feel the Fear and do it anyway!!!
4 traders viewing now