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  • #961
  • Jul 14, 2014 5:23am Jul 14, 2014 5:23am
One more quick thought from this mornings LO.

Be ready to switch from one currency to another at any time, don't get attached to any idea that a currency is strong or weak just look at what the charts are telling you. Don't start "believing" one thing or the other. This is the 1 minute chart and its gonna swing around so go with the flow. Whatever is top of the TT indy is the pair to be looking at but in particular look for the currency that is dominating the TT's.

Just remember when you look at the TTs chart to quickly workout where it is in its move? Which wave are you trading of the current move.

Have a look at my trade this morning, I should of known NOT to take my 2nd entry, the 5th wave had gone!!! I think its range must have been close to its ATR too! (Martins gonna kill me for that one!!!).

And lastly when we have had a top trender reach over bought by 300+ then its a potential sell setup in the making as traders bank their profits from the move up.

Don't be frightened to switch from a buyer to a seller in overbought markets.

Oh Oh!! Where did I put that crash helmet Pres78's just about getting up!!
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Feel the Fear and do it anyway!!!
  • #962
  • Jul 14, 2014 5:32am Jul 14, 2014 5:32am
Quoting clivepackham
{quote} Yep agreed I've even put red vertical lines on my charts at 10.30 for a "no more entries" warning. Looks like this GBP strength isn't following through either so nothing there to trade. Just got another 30 mins of my entry window left then thats it for me too for LO. Fortunately have a 10 pip profit at mo too so that makes a pleasant change Mr V.
Hi Clive

Please note your no trades after 10.30 thing. If LO has done 50-70 pips quickly I'd agree, but if LO has not done anything then the move is still coming, might have been waiting for news etc.
  • #963
  • Jul 14, 2014 5:42am Jul 14, 2014 5:42am
Quoting clivepackham
One more quick thought from this mornings LO. Be ready to switch from one currency to another at any time, don't get attached to any idea that a currency is strong or weak just look at what the charts are telling you. Don't start "believing" one thing or the other. This is the 1 minute chart and its gonna swing around so go with the flow. Whatever is top of the TT indy is the pair to be looking at but in particular look for the currency that is dominating the TT's. Just remember when you look at the TTs chart to quickly workout where it is in its...
I see you've changed your cci210 to cci100?? Don't remember reading about that.

From 1st system signal euraud moved up a fairly clean 30 pips this morning, the sell you show whilst it worked out is there a repeatable pattern there? A sell below Y's high that I'd have considered from what I can see went 10 pips (wasn't a sell on cci210 though). We have now moved up again though cci not yet trending.

Anyway I am trying (and succeeding so far) to stick to the rules, on the 8 pairs that I am watching there was not 1 losing system trade at all this morning. Those are odds I like.
  • #964
  • Jul 14, 2014 5:43am Jul 14, 2014 5:43am
Quoting clivepackham
Oh Oh!! Where did I put that crash helmet Pres78's just about getting up!! {image}
Where is he by the way??
  • #965
  • Jul 14, 2014 8:31am Jul 14, 2014 8:31am
Quoting Vantage
{quote} Where is he by the way??
He is here quietly trading in the background. Not much more I can say at this point. Trading by the rules as you noted in an earlier post worked perfect again today. Day in and day out the rules do work.

Are you using only a 50/100 MA combo rather than the 100/200? Do you find that gives you any earlier entries?

I have been playing with a 5 min trend CCI (70) and a variety of entry CCI's but that is all still in testing stages. Sometimes it gets me in earlier, other times not and sometimes it gets into chop so for now 14/210 is the magic set.
Today's zone = Tomorrow's opportunity!
  • #966
  • Jul 14, 2014 8:43am Jul 14, 2014 8:43am
Quoting pres78
{quote} He is here quietly trading in the background. Not much more I can say at this point. Trading by the rules as you noted in an earlier post worked perfect again today. Day in and day out the rules do work. Are you using only a 50/100 MA combo rather than the 100/200? Do you find that gives you any earlier entries? I have been playing with a 5 min trend CCI (70) and a variety of entry CCI's but that is all still in testing stages. Sometimes it gets me in earlier, other times not and sometimes it gets into chop so for now 14/210 is the magic...
Hi Pres

I am using the 50/100 lwma's and yes early days yet but they do seem to confirm earlier because they obviously move quicker than 100/200. Hopefully will help to get the first trade of the session (again first trade is after the cci 210 has hit -100 +100, it may not be the first move).

I do have to make some allowance on my above/below ma rule and so far there are some trades where price moves into ma's but trades would still be taken when candles have closed above/below the ma's.

Agreed, so far not seeing any reason to change the cci 210 setting, its as good as any.
  • #967
  • Jul 14, 2014 8:47am Jul 14, 2014 8:47am
Quoting Vantage
{quote} I see you've changed your cci210 to cci100?? Don't remember reading about that. From 1st system signal euraud moved up a fairly clean 30 pips this morning, the sell you show whilst it worked out is there a repeatable pattern there? A sell below Y's high that I'd have considered from what I can see went 10 pips (wasn't a sell on cci210 though). We have now moved up again though cci not yet trending. Anyway I am trying (and succeeding so far) to stick to the rules, on the 8 pairs that I am watching there was not 1 losing system trade at all...
Hi Mr V

No that was a mistake still using 210 but I have set an alarm based on that 100lwma crossover alert so I know when the 100lwma changes colour as I reckon thats the way to catch that elusive wave 3 or first pullback for those larger RR's . I feel waiting for the 100 crosses leads to wave 5 entries, I really want to catch those break and retest 100sma entries, very powerful.

Just my opinion of course.

Still testing but I like whats happening, feel this system is making leaps and bounds forward with us guys the guinea pigs.
Feel the Fear and do it anyway!!!
  • #968
  • Edited 9:26am Jul 14, 2014 8:51am | Edited 9:26am
Quoting Vantage
{quote} Hi Pres I am using the 50/100 lwma's and yes early days yet but they do seem to confirm earlier because they obviously move quicker than 100/200. Hopefully will help to get the first trade of the session (again first trade is after the cci 210 has hit -100 +100, it may not be the first move). I do have to make some allowance on my above/below ma rule and so far there are some trades where price moves into ma's but trades would still be taken when candles have closed above/below the ma's. Agreed, so far not seeing any reason to change the...
Thanks for the response Van. I too have been playing with the MA's just trying to see if I can pinpoint something that works consistantly to get in just a bit earlier. As you know a few pips on a 1 min chart can make a world of difference.
Today's zone = Tomorrow's opportunity!
  • #969
  • Jul 14, 2014 8:51am Jul 14, 2014 8:51am
Here's what I'm looking at right now.
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Feel the Fear and do it anyway!!!
  • #970
  • Jul 14, 2014 8:57am Jul 14, 2014 8:57am
Quoting clivepackham
{quote} Hi Mr V No that was a mistake still using 210 but I have set an alarm based on that 100lwma crossover alert so I know when the 100lwma changes colour as I reckon thats the way to catch that elusive wave 3 or first pullback for those larger RR's . I feel waiting for the 100 crosses leads to wave 5 entries, I really want to catch those break and retest 100sma entries, very powerful. Just my opinion of course. Still testing but I like whats happening, feel this system is making leaps and bounds forward with us guys the guinea pigs.
Whats making leaps and bounds is my faith that its working i.e. the basic rules with clean a b c's, nice.

There were some eur pairs signalling after US open but the a b c's for me are very spikey and I'm not interested so probably done for the day. The GBP pairs signalled at US open with normal 'clean' a b c's.
  • #971
  • Jul 14, 2014 9:24am Jul 14, 2014 9:24am
Quoting Vantage
{quote} Hi Clive Please note your no trades after 10.30 thing. If LO has done 50-70 pips quickly I'd agree, but if LO has not done anything then the move is still coming, might have been waiting for news etc.
Great point will remember that also post news trades could be awesome opportunities with some great system trades.
Feel the Fear and do it anyway!!!
  • #972
  • Jul 14, 2014 9:44am Jul 14, 2014 9:44am
EUR and GBP battling for power wander what EURGBP looks like to give us the edge and who to go for??

No surprise there, going sideways!!
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Feel the Fear and do it anyway!!!
  • #973
  • Jul 14, 2014 9:44am Jul 14, 2014 9:44am
Quoting Vantage
{quote} Whats making leaps and bounds is my faith that its working i.e. the basic rules with clean a b c's, nice. There were some eur pairs signalling after US open but the a b c's for me are very spikey and I'm not interested so probably done for the day. The GBP pairs signalled at US open with normal 'clean' a b c's.
That is a big key for me also. If I don't like the structure / cleanliness of the PA I stay away. Nice clean and clear moves with trend, clean retraces and enter.

Each day there are usually enough clean moving pairs that we can avoid the messy ones.
Today's zone = Tomorrow's opportunity!
  • #974
  • Jul 14, 2014 9:52am Jul 14, 2014 9:52am
Here you go pres78 my gift to you.
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Feel the Fear and do it anyway!!!
  • #975
  • Jul 14, 2014 9:53am Jul 14, 2014 9:53am
Oooops just noticed ATR at its limit forget that pres78 clean but too late!!!
Feel the Fear and do it anyway!!!
  • #976
  • Jul 14, 2014 10:46am Jul 14, 2014 10:46am
nothing here to get excited about you having any better luck today Pres78???

Mind you I'm very pleased with myself today not taking any crap entries and getting out quickly when I did Better to wait for some AAA+ setups than mess around with this rubbish.

This is definitely coming together.
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Feel the Fear and do it anyway!!!
  • #977
  • Jul 14, 2014 11:24am Jul 14, 2014 11:24am
Quoting clivepackham
nothing here to get excited about you having any better luck today Pres78??? Mind you I'm very pleased with myself today not taking any crap entries and getting out quickly when I did. Better to wait for some AAA+ setups than mess around with this rubbish. This is definitely coming together. {image}
Grabbed a few pips at both LO and NYO, too late in the day now as London has left for the day so my charts are closed until tonight when I get home to do my end of day analysis + check to see what Asia is up to.

Learning the disipline to not trade will serve you well on the road to consistant profits.
Today's zone = Tomorrow's opportunity!
  • #978
  • Edited 4:59pm Jul 14, 2014 3:03pm | Edited 4:59pm
One of the things that Martin tells me on a regular basis is that he developed his system by looking back at a days trading and identifying the perfect trades that he would of liked to of caught. Then he would try to identify the circumstances around those trades so as they started to develop next time he might have a chance of catching them.

Well if its good enough for Martin then its good enough for me and luckily enough I now regularly take pictures of my charts throughout the day so I can see what my TT was showing as the best trades develop. So here goes, first of all what trades in a perfect world would I have liked to catch today???

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They are all practically system trades with the occasional one that just dips above -100.
All the entries were clean pullbacks nice and smooth solid green.

Now here's the TT pairs at 16:43 my time or 18:43 platform time which I have marked on all charts with a blue vertical line. Interestingly enough I posted that they weren't very excited in an earlier post but they still went on to be winners. Maybe we should just take the signals as they come without too much thinking about it.

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I think this is a bit late because I'd just got home from work so could of been top 4 TTs before this time.

Something else I noticed was that when the pair is oversold (below -100 level) like this then do we need to wait for a +100 pullback on our 1 min CCI??? Just looks like all we need is a HA candle change for entry.

Anyway I'm quite happy that the TT indy is bringing us to the chart in time for "System trades" but maybe a bit late for the 100sma break and retest entry, but I have now got an alert that tells me when the slope changes on the 100lwma so that could help.

All in all its looking like the TT is fine for system trades.

One last thing to add here is the slope reading on the TT indy, maybe the better trades come when pairs are trending at a certain strength which we can measure with the slope rating. for instance my successful trade today on EURAUD was rated at 39 so maybe in future just trade 20 plus slopes???

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Just a thought....
Feel the Fear and do it anyway!!!
  • #979
  • Jul 14, 2014 3:51pm Jul 14, 2014 3:51pm
Quoting clivepackham
One of the things that Martin tells me on a regular basis is that he developed his system by looking back at a days trading and identifying the perfect trades that he would of liked to of caught. Then he would try to identify the circumstances around those trades so as they started to develop next time he might have a chance of catching them.
I do that every evening. It's part of my trade plan. I review all trades taken and missed.
Today's zone = Tomorrow's opportunity!
  • #980
  • Jul 14, 2014 4:51pm Jul 14, 2014 4:51pm
Quoting pres78
{quote} I do that every evening. It's part of my trade plan. I review all trades taken and missed.
Yep good idea to try to program our minds on the good trades we missed , that way we might catch them next time.

Do you fancy sharing your trades today???
Feel the Fear and do it anyway!!!
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