Disliked{quote} Good morning Mr V. good to see you're still around. I'm really pleased with my progress and yes you're right I need to adjust the first page and maybe put a new post here to clarify where I am with the strategy but its looking very positive right now. I think trading 1 min charts is fine as long as you stick to strong trends with very clear market structure. I would also add best to buy oversold cci signals and sell overbought ones as this means we are buying the bottom of a wave in an uptrend or selling the top of a wave in a downtrend....Ignored
Bonjour Clive,
Désolé pour mon anglais: traduction google
Je suis nouveau sur le fichier
Oui, c'est de la magie de votre système, bien fait et félicitations.
Je suis en train de lire le fichier et je commence à comprendre gentiment.
Le jour je n'ai pas eu beaucoup de temps à cause de mon emploi.
Le 168 CCI vous ne mettez plus? parce que vous regardez le MA100.
Qu'est-ce que le nombre après les paires: GBPUSD / 7 ?
Merci pour cette explication claire et précise.
Je viens de la Suisse
Patrick
Désolé pour mon anglais: traduction google
Je suis nouveau sur le fichier
Oui, c'est de la magie de votre système, bien fait et félicitations.
Je suis en train de lire le fichier et je commence à comprendre gentiment.
Le jour je n'ai pas eu beaucoup de temps à cause de mon emploi.
Le 168 CCI vous ne mettez plus? parce que vous regardez le MA100.
Qu'est-ce que le nombre après les paires: GBPUSD / 7 ?
Merci pour cette explication claire et précise.
Je viens de la Suisse
Patrick
Sorry for my English: Google translator
- #1,324
- Sep 3, 2014 4:33pm Sep 3, 2014 4:33pm
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Feel the Fear and do it anyway!!!
- #1,325
- Sep 3, 2014 4:52pm Sep 3, 2014 4:52pm
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Bonjour Clive, Désolé pour mon anglais: traduction google Je suis nouveau sur le fichier Oui, c'est de la magie de votre système, bien fait et félicitations. Je suis en train de lire le fichier et je commence à comprendre gentiment. Le jour je n'ai pas eu beaucoup de temps à cause de mon emploi. Le 168 CCI vous ne mettez plus? parce que vous regardez le MA100. Qu'est-ce que le nombre après les paires: GBPUSD / 7 ? Merci pour cette explication claire et précise. Je viens de la Suisse Patrick
Le 168 CCI vous ne mettez plus?.......... No I no longer have the 168 cci on my charts as the 100lwma does the same job for me in that it shows the 15 min cci turns on my chart. I want to see a 100lwma colour change then look for my two 1 minute cci entries.
Qu'est-ce que le nombre après les paires: GBPUSD / 7 ?.......It is the steepness of the 100lwma slope, the bigger the number the steeper the slope so the stronger the trend. The top trender will be the biggest number. Its actual value is not relevant but it is probably the gradient eg gbp/7 is a 1 in 7 slope. I have been thinking about only trading pairs with a 20+ number as this would denote a strong trend to trade. Still working on that idea.
I think it might help me and others reading this thread if maybe you could translate your questions into English before posting,??? Sorry but being English I am very lazy when it comes to speaking any other languages. My response when I meet someone who doesn't speak English is to just speak slower and louder in the hope that might help them understand me better.... Typical Englishman I'm afraid
Feel the Fear and do it anyway!!!
- #1,326
- Sep 3, 2014 8:41pm Sep 3, 2014 8:41pm
Ok so for clarity heres what I look for:
Is this your most most current trading setup?
Still lurking ...
Your thread is always eye-catching for me
Somehow i'm sure there is something with it
Thank's
i worshipped... Momentum
- #1,327
- Edited Sep 5, 2014 3:21am Sep 4, 2014 4:08am | Edited Sep 5, 2014 3:21am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
{quote} Hi Clive Is this your most most current trading setup? Still lurking ... Your thread is always eye-catching for me Somehow i'm sure there is something with it Thank's
Thanks, appreciate the comment and yes this is my latest updated strategy. Like everything in this world, theres only one thing thats gauranteed that you can rely on 100% and thats "change". the world is a constantly changing place and forex trading is no different. We have to constantly be looking for improvements and modifications to move us forward. If we didn't we'd all still be living in caves.
My strategy is very much built on the principles I started with in the thread, that trading is simple, it can only go up or down?? How complicated can it be to look at a chart and decide whether its going up or down??? I said simple not easy. The only complication is that it doesn't move in straight lines but waves. It constantly waves up and down. now this simple waving is enough to throw us all into complete analytical meltdown, causing us to start looking for magical tools to solve the mystery, like Fibonacci, Elliot wave, gann waves, crystal balls and our great aunts favourite bloomers. But all to no avail.
The bottom line is it can only go up or down so only trade charts that are either clearly moving up or moving down. If you're looking at a chart and you're not sure which way its going to go, look at another chart, after all there's 28 to choose from.
Now once we realise we're trading waves then all we have to do is buy at the bottom of a wave and sell at the top but which waves do we buy and which do we sell? Simple , buy bottoms of waves in uptrends sell top of waves in down trends.
There you go job done!!! Its as simple as that. So how do we identify the trend and how do we identify the tops and bottoms of the waves??
The 100lwma is my trend identifier and my 14 cci is my wave identifier. For a clear example of what I'm talking about have a look at the EURAUD 1 hour chart. The 100lwma is sloping down nicely so we're in a down trend thats obvious and my 14 CCI is clearly showing the tops and bottoms of the waves all we have to do is sell the tops of the waves remember???
Have a look just how clearly the CCI identifys the waves in this move, amazing isn't it??
Now the biggest reason this all works so nicely is theres no doubt this pair is moving down strongly is there??? Thats where my top trending indy comes in which gives you the top 8 strongest trending pairs so only trade one of these in fact I'd say one of the top 4. Use the strongest trending daily pair for good moves on an hrly chart like this. Notice that EURAUD is 2nd in the list???
The other secret to this set up is to wait for the 100lwma to make a new turn down then take the first 2 CCI signals and hold until the 100lwma turns back up. This particular trade turned down at 1.4440 and turned back up at 1.4100 so about a 300 pip run and taking the first 2 CCI entries would of earned you about 310 + 270 = 580 pips.
So you see its quite simple really.
- Identify strong trending daily pair.(Top Trending pairs Indy)
- Wait for the hrly to turn in the same direction as the daily. (100lwma turns)
- Ride the waves, down trend selling at the top of the waves. Uptrend buying at the bottom of the waves. (14 CCI denotes tops and bottoms of waves)
- Close out when the hrly down trend ends.( 100lwma turns back up)
Now what could be simpler????
Edit note: By the way this strategy can be traded on any timeframe my recomendations for trend and entry timeframes would be.
1 minute and 15 min trend.
5 min and 1 hr trend.
15 min and 4 hr trend.
1 hr and daily trend.
4 hr and weekly trend.
daily and monthly trend.
Happy trading...
Feel the Fear and do it anyway!!!
- #1,329
- Edited 5:10am Sep 4, 2014 4:59am | Edited 5:10am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
{quote} Amazinngg...ThanQ you for breaking down the recap...things get clearer and clearer... Your generosity is highly appreciated
One word of warning when looking at the top trenders especially on the lower timeframes, just remember trends come to an end so if you're trading say a 1 minute chart in the direction of the 15 min then take a look how far its already moved and check the 15 min trend for signs of fading or faltering. Typically that could be failed drives or a HH in a downtrend etc. Just be aware that all trends come to an end sometime.
Guess what I'm saying is this , like any other strategy is not the holy grail set and forget. It still needs a traders experience and eye to check out the price action for confirmation of what our indicators are telling us.
Remember an "indicator" is just that an "indicator" you still need to confirm trade entries etc with the right price action.
In fact one of the things I would advacate with this 100lwma trading is to take the entries shortly after a new 100lwma turn so the same applies when looking at the higher timeframe 100lwma sure it might be sloping steeply top of the TTindy but how long has it been sloping??? The closer to its turn you are the better it will be.
Feel the Fear and do it anyway!!!
- #1,331
- Sep 4, 2014 5:41am Sep 4, 2014 5:41am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Gotta go to work soon but quickly want to cover how to interpret the TTindy readings correctly. You can't just take it for granted that if a pairs top of the TTindy its safe to trade it because very often it won't be, as it might be moving down strongly but near the end of the trend.
Remember the 15 min trend is the waves on a 4 hr chart and we don't want to be selling at the bottom of a 4hr wave do we??
Heres a simple rule remember I said sell the tops of waves and buy the bottoms of waves well theres an even stronger rule I want to state here and now,
Lets have a look at an example of what I mean.
Heres a 15 min chart of GBPAUD which is currently 2nd in our TTindy so shouldn't we be looking to sell it on the 1 minute timeframe. The answer is have a look at its CCI is it at the top of the wave or the bottom??? Its clearly showing its at the bottom so no more selling dispite being top of the TTindy. You can see why as its traveled a long way already. also if you check out the market structure you can clearly see a HH and what looks like a HL forming so definately a sign the downtrend is over and in fact a uptrend is just about to start. If anything we should be buying.
Lets just have a quick look at the 4 hr chart too which is also clearly showing us the 4hr is at a wave bottom CCI below -100 level so not a good time to be selling full stop.
Just remember price moves in waves and our CCI will give us a clear understanding of where we are in the current wave. Also each timeframe is related to the one above. remember waves within waves so always check its wave position too to get the bigger picture.
hope that helps....
Remember the 15 min trend is the waves on a 4 hr chart and we don't want to be selling at the bottom of a 4hr wave do we??
Heres a simple rule remember I said sell the tops of waves and buy the bottoms of waves well theres an even stronger rule I want to state here and now,
"NEVER sell the bottom of a wave and NEVER buy the top of a wave"
Lets have a look at an example of what I mean.
Heres a 15 min chart of GBPAUD which is currently 2nd in our TTindy so shouldn't we be looking to sell it on the 1 minute timeframe. The answer is have a look at its CCI is it at the top of the wave or the bottom??? Its clearly showing its at the bottom so no more selling dispite being top of the TTindy. You can see why as its traveled a long way already. also if you check out the market structure you can clearly see a HH and what looks like a HL forming so definately a sign the downtrend is over and in fact a uptrend is just about to start. If anything we should be buying.
Lets just have a quick look at the 4 hr chart too which is also clearly showing us the 4hr is at a wave bottom CCI below -100 level so not a good time to be selling full stop.
Just remember price moves in waves and our CCI will give us a clear understanding of where we are in the current wave. Also each timeframe is related to the one above. remember waves within waves so always check its wave position too to get the bigger picture.
hope that helps....
Feel the Fear and do it anyway!!!
- #1,332
- Sep 4, 2014 10:17am Sep 4, 2014 10:17am
Gotta go to work soon but quickly want to cover how to interpret the TTindy readings correctly. You can't just take it for granted that if a pairs top of the TTindy its safe to trade it because very often it won't be, as it might be moving down strongly but near the end of the trend. Remember the 15 min trend is the waves on a 4 hr chart and we don't want to be selling at the bottom of a 4hr wave do we?? Heres a simple rule remember I said sell the tops of waves and buy the bottoms of waves well theres an even stronger rule I want to state here...
Will you be so kind to tell me , what means the
numbers after the pairs (ex:EURUSD/120 ) in your TOP TREND indicator?
Thank you very much for your time
Dan
- #1,333
- Sep 4, 2014 1:04pm Sep 4, 2014 1:04pm
- Joined Nov 2010 | Status: Trader | 4,484 Posts
{quote} Dear clivepackham Will you be so kind to tell me , what means the numbers after the pairs (ex:EURUSD/120 ) in your TOP TREND indicator? Thank you very much for your time Dan
Ok I'm going to answer this but in a round about way. Basically its the gradient of the slope of the 100lwma (assuming you've selected 100lwma on the inputs) therefore the bigger the number the steeper the slope and the steeper the slope the stronger the trend. Therefore you will find that the bigger numbers will be top of the TTindy. I don't really take much notice of the actual value of the figure just knowing which is top of the table is the strongest trending pair so worth trading. I am also toying with the ideas of saying theres a minimium it must be before we even look to trade eg over 20 on my 1 min TTindy.
The idea is to avoid trading weak or none trending pairs because the indicator signals become unreliable but in strong trending pairs I reckon about 70% of the CCI signals are reliable so giving us a definite edge.
So don't fret too much about the actual figure its more important to understand if its top then its the strongest trending pair out there.
By the way the calculation changes with the ATR setting to true as then it works out the slope as a percentage of the pairs atr, but like I say the value is irrelevant its the comparison that counts.
The most important thing to understand is to only trade strong trending pairs I suggest the top 4 pairs only.
Hope that helps
Feel the Fear and do it anyway!!!
{quote} Ok I'm going to answer this but in a round about way. Basically its the gradient of the slope of the 100lwma (assuming you've selected 100lwma on the inputs) therefore the bigger the number the steeper the slope and the steeper the slope the stronger the trend. Therefore you will find that the bigger numbers will be top of the TTindy. I don't really take much notice of the actual value of the figure just knowing which is top of the table is the strongest trending pair so worth trading. I am also toying with the ideas of saying theres a minimium...
Thank you very much for your support.
Now I know exactli what I have to do
My best regards
Dan
- #1,338
- Sep 5, 2014 4:53am Sep 5, 2014 4:53am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Took a quick trade on GBPJPY this morning the first CCI signal was a bit late coming below the 100lwma but patience is a virtue , maybe I should of taken one of the 2 earlier waves up but they weren't below the 100lwma and also the 100lwma wasn't sloping very much so doubt it was in my top 4. Heres how the chart looked at time of entry.
Gbpjpy was 3rd in my TTindy and had just driven down strongly (AB leg) clearly taking out last low waited for a CCI pullback (BC leg) to an old level and over +100, the previous signal was too close to our wave down bottom so let that go. Remember we don't sell wave bottoms even if we have a cci signal.
waited for next wave top to form then took the CCI signal. 100lwma still red.
After entry I moved stop above last wave up high, not where it is here(sorry my trade manager ea moved it there too soon) but above last high.
then we endured a bit of a tussle as this is a big level on hrly chart don't move to BE too quickly not until it is behind some resistance. Below is when I moved it to BE once the last drive low had been broken. See chart below.
Now all I have to do is wait for 100lwma to change colour and close out trade. Might add if I get a quality wave up (LH) to sell which means a good clear drive down (AB) then a nice pullback (BC) probably to that last level that got broken at 171.65.
Well there you go, thats how its done....
Gbpjpy was 3rd in my TTindy and had just driven down strongly (AB leg) clearly taking out last low waited for a CCI pullback (BC leg) to an old level and over +100, the previous signal was too close to our wave down bottom so let that go. Remember we don't sell wave bottoms even if we have a cci signal.
waited for next wave top to form then took the CCI signal. 100lwma still red.
After entry I moved stop above last wave up high, not where it is here(sorry my trade manager ea moved it there too soon) but above last high.
then we endured a bit of a tussle as this is a big level on hrly chart don't move to BE too quickly not until it is behind some resistance. Below is when I moved it to BE once the last drive low had been broken. See chart below.
Now all I have to do is wait for 100lwma to change colour and close out trade. Might add if I get a quality wave up (LH) to sell which means a good clear drive down (AB) then a nice pullback (BC) probably to that last level that got broken at 171.65.
Well there you go, thats how its done....
Feel the Fear and do it anyway!!!
- #1,340
- Sep 5, 2014 6:06am Sep 5, 2014 6:06am
- | Joined Jul 2010 | Status: Trader | 1,319 Posts
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.