Trading is as simple as ABCD

No clear winners yet as the TTs are only ranking a score of 9 so no strong trender.

One interesting thing GBPNZD is top of 5 min TT green and appearing in 1 min as red might be an early sign of GBP weakness to come??? Always worth keeping an eye out for those opposite colour TTs as could mean a reversal is imminent!

Thought I'd show this from yesterday, my last trade of day.

Some choppy pa at the US news, settles down, cci 210 hits -100, cci 14 200 point retrace on scale, below ma's with good angle and/or separation nice clean a b c. This was the 1st trade after rules complied (not necessarily 1st move).

I was hoping that this would be a 15/85 trade but exited when the W pivot at 4491 held. Yesterday there was also the D pivot just below that level and I was leaving the computer so exited for +10 or 2%. Ultimately it did turn out to be a 15/85 set up but as I had to move from computer happy enough.

A pretty good example of the set ups we are seeing day in day out. Get a couple of these a day and I'll continue to be a very happy camper.

Got pic right at 3rd attempt, weird.

GBPUSD first signal today maybe???

GBPUSD nope invalidated ABCD move plus dropped below +100 level , just gotta be patient and wait for the clear winner to appear.

These guys are showing good potential

EURAUD setting up nice and cleanly???

Went a bit early but that a do!!

Grabbed a quick 8.5 pips at 1.4500 level will get back on if it pulls back again

Nice Clive, stupid of me to walk away from computer in the first 15 mins of the hour.

If it stays top of TTs will have another go here??

Don't miss this one Mr V.!!!

There's only one thing bugs me about this EURAUD now and thats that 15 min CCI oversold by -300????

It might well go again here but even if it does I believe it will come back for a retest of the 1.4500 level because a sensible pullback is now well overdue so will wait for it to pullback and reduce that oversold condition.

Not like me to be cautious but I'm so fed up with getting caught by that oversold market, I see its gone now as I type but I'm pretty sure it will come back but if it doesn't???

So be it there be another trade along shortly just the way it goes sometimes.

Anyway I can wait for the break and retest.

So far a pretty perfect 15/85 set up.

My experience (but I could do with some more checking) is that -300 or +300 cci moves do not just disappear and that there is invariably some follow through. This is only oversold on a 15 min TF and on pairs like euraud there is some follow through even though the last few weeks range hasn't been great.

Your getting caught on OB/OS. Is that more a case of getting in after massive moves on news, the 4th/5th trade in run than whether -300 or +300 hit?

This has been about a quick 45 pip move from the high around LO so it might be done for a while.

Yep and its had a failed drive now so will wait for it to come back to the MA's a bit before going for anymore. Had a quick go as it retested 1.4500 but stopped out for BE. Bit disappointing to only get 9 pips out of a 45 pip move isn't it???

Anyway back to the TTS for a bit lets see who's looking good at this time of day on the 5 min TTs just after LO might be a runner???

GBPNZD looking good back with the overnight news move too, might be worth a look as its just crossed 100lwma too, very interesting???

Getting close to news time now so time for a cuppa and a quick recap of FO/LO so far.

Feel like I'm getting to grips with the whole strategy a lot better. Need to keep myself focused on the goal, that is to catch the biggest mover in the morning by following the money. Typical FO/LO open today with the pending news as not much going anywhere fast so quite happy to get 10 pips out of EURAUD as played that about as good as I could really. Only got 10 pips out of it but another day it might have flown??

Looking back at that trade I should of held the first move as it was quite early in the move for a change, problem is I'm so use to getting in too late I didn't expect it to keep going. All part of the learning curve, in future will hold if I get an early entry. As for missing the 2nd entry I was expecting a bigger pullback than that but I'm thinking with a strong trender +/-100 levels then maybe a HA colour change is enough???

Had one loser earlier on GBPNZD chasing the overnight news move, gotta wait to see which way LO's going before trading, but again that was a silly mistake like yesterday so not doing that anymore, gotta look at the atr and overbought/sold levels b4 entering.

Biggest lesson today?? wait for FO/LO to make their move before I start trading, need to remember the goal, "follow the money" therefore my trades should be after the FO/LO and not before!!!

1 min TT's a bit messed up at mo thanks to the GBP news but no problem I'll just take a look at the 5 min TTs as these are pairs that were moving before news so there might be something going on. Might be a continuation with the 5 min trend or could be a possible reversal, either way worth a look untill my 1 min TT unravels itself a bit.

GBP looking weak across the board after news release pending order on GBPUSD

EUR pairs were the smooth movers this AM... more high impact GBP news making them choppy again 90 mins after LO.

I exited a euraud sell for 1% when it didn't look like it was going lower (Murphy's law it has now gone) and whilst I was watching for the exit I missed this. Even though cci210 had not been on -100 for a while I still regard this as a trade as -100 was the last hit and the move up nicely rejected.