Attachments: Trading is as simple as ABCD

Trading is as simple as ABCD

#1,401
Sep 11, 2014 5:38am Sep 11, 2014 5:38am

Piprader
| Joined Jan 2013 | Status: Trader | 554 Posts

Hi Clive, very impressed with your thread I am working my way through, I do have a question and maybe when you have time you can help. I have noticed that you and Vantage vary the cci setting ie, sometimes 8, 14, 70 210 can you please explain the reason you do this if that's not too dumb of me.
all the best Tom.

#1,402
Sep 11, 2014 5:50am Sep 11, 2014 5:50am

handy148
Joined Oct 2010 | Status: Trader | 2,819 Posts | Online Now

If it's 14 on an M1 chart then it would be 70 on and M5 and 210 on an M15.

#1,403
Sep 11, 2014 5:58am Sep 11, 2014 5:58am

Vantage
Joined Mar 2007 | Status: Trader | 7,195 Posts

Quoting Piprader

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Hi Clive, very impressed with your thread I am working my way through, I do have a question and maybe when you have time you can help. I have noticed that you and Vantage vary the cci setting ie, sometimes 8, 14, 70 210 can you please explain the reason you do this if that's not too dumb of me. all the best Tom.

Ignored

Hi piprader
Whilst I still have 14 and 70 on my 1 min chart Clive just has the 1 cci. He is focused on the idea that if price is above/below the 100lwma and you are working with the top 4 on the TT indi then the 210 (or 70) cci becomes irrelevant. He is of course correct.

#1,404
Sep 11, 2014 6:09am Sep 11, 2014 6:09am

Piprader
| Joined Jan 2013 | Status: Trader | 554 Posts

Thank you handy148 and thank you Vantage, time for a caffeine blast then back to it I have a lot of catching up to do green pips to you all

#1,405
Sep 11, 2014 6:24am Sep 11, 2014 6:24am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Quoting Vantage

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{quote} Hi piprader Whilst I still have 14 and 70 on my 1 min chart Clive just has the 1 cci. He is focused on the idea that if price is above/below the 100lwma and you are working with the top 4 on the TT indi then the 210 (or 70) cci becomes irrelevant. He is of course correct.

Ignored

Thank you Mr V. I really appreciate your comments as I have the highest regard for your opinion...

I think I need to clarify where I am at now with this strategy and I'm going to keep it really really simple from here on in.

Price can only go up or down so we need to know we are trading a chart clearly going up or clearly going down. It needs to be trending strongly too so our signals work. Therefore first filter, only look at the top 4 trenders on our TTindy. I also use the 200nlma(attached below) as our trend setter green we're going up red we're going down.

We only buy dips in an uptrend (green MA) when CCI dips below -100 level.

We only sell peaks in a downtrend (red MA) when the cci goes above +100 level.

Hold until MA changes colour.

Only ever trade around market open times as we are basically following the money.

Heres a chart that shows it very clearly from this mornings LO.

Attached Image (click to enlarge)

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Name: simple strategy buy dips sell peaks.png
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Entries were around 1.7625 level if you'd of held these first 3 entries then the next colour change in MA was at about 1.7785 so 160 pips later times 3 equals a 480 pip profit with 10 pip risk on each trade.

This is a very very good example of this system but it does work around market opens and using strong trenders only, thats the secret to this strategy, market opens and strong trenders... Simple as that, we're just following the money as it comes to the table...

By the way I have recently changed the MA that I use I now use a NonlagMA with alerts etc to tell you when theres a colour change. Its very similar to the 100lwma just better. I use 200 setting in this example but for more sensitivity use 100 just experiment with it but its job is to show you the trend, I find its also good to only buy when price is above it and only sell when price is below it.

Hope this helps have fun with it on demo before risking your real money...

Attached File(s)

NonLagMA_v7.1.ex4 17 KB | 551 downloads

Feel the Fear and do it anyway!!!

#1,406
Sep 11, 2014 6:39am Sep 11, 2014 6:39am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

This is a ridiculous example as its too good to be true but just look what can be done if you have the faith and the mindset to follow the one minute trends. Every trainer thats ever walked will tell you to trade with the trends, well here you go a perfect example, but the question is can it be done "live"????

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Name: Trend trading the 1 minute trends.png
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Well I'm going to give it a go, we know when these trends start, market opens, and we know which ones are trending the strongest, TT indy, therefore all we need is the skill and mindset to trade these trends until they end, whenever that might be...

I'm going to leave it there for now with some thoughts for you all to mull over the weekend and next week I will be here every morning to see if I can start to catch a few of these trends...

Gotta go catch you later...

Feel the Fear and do it anyway!!!

#1,407
Sep 11, 2014 6:51am Sep 11, 2014 6:51am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Quoting Piprader

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Hi Clive, very impressed with your thread I am working my way through, I do have a question and maybe when you have time you can help. I have noticed that you and Vantage vary the cci setting ie, sometimes 8, 14, 70 210 can you please explain the reason you do this if that's not too dumb of me. all the best Tom.

Ignored

Hi Tom

I'm afraid I've been rapidly modifying my strategy as I go but feel I have now settled on this method, I have switched to an 8 CCI because if we just trade strong trending pairs the pullbacks can be quite shallow so I've dropped it to an 8 so that it goes over the +/-100 levels more often to guide us to the deeper pullbacks.

I did have 14 as my standard originally but then I'd sit there watching price roar away without me on it...

So I changed it to make it more sensitive so we don't miss out too many good pullbacks.

I'm actually using the CCI's as an indicator and looking for price to confirm my entries but I don't want to confuse too many people so for the time being just stick to the CCI entries but use price to confirm the entry.

Hope that helps...

Feel the Fear and do it anyway!!!

#1,408
Sep 11, 2014 6:56am Sep 11, 2014 6:56am

Piprader
| Joined Jan 2013 | Status: Trader | 554 Posts

Quoting clivepackham

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{quote} Thank you Mr V. I really appreciate your comments as I have the highest regard for your opinion... I think I need to clarify where I am at now with this strategy and I'm going to keep it really really simple from here on in. Price can only go up or down so we need to know we are trading a chart clearly going up or clearly going down. It needs to be trending strongly too so our signals work. Therefore first filter, only look at the top 4 trenders on our TTindy. I also use the 200nlma(attached below) as our trend setter green we're going...

Ignored

Thank you Clive this is really great info on how you are currently trading I am seriously impressed. I will be on demo for now and when I am confident I hope to become part of the team and contribute in the future, in the meantime I will be following your work and also the valuable input from Vantage.

#1,409
Edited 7:22am Sep 11, 2014 7:00am | Edited 7:22am

Vantage
Joined Mar 2007 | Status: Trader | 7,195 Posts

Hi Clive

What are the settings to get alerts? Is it alert or warning mode?

Thanks in advance.

Not to worry alert 1 seems to have done the trick.

#1,410
Sep 12, 2014 2:38am Sep 12, 2014 2:38am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

We're off and running, first out the gate GBPCHF but I'm going to keep an eye on my 5 min TT's today to see if I can catch the big runner if there is one of course. Theory is if its running it will be top of both TT tables 1 min and 5 min...

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Feel the Fear and do it anyway!!!

#1,411
Sep 12, 2014 2:53am Sep 12, 2014 2:53am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Unbelievably GBPAUD is top of my 1 min and 5 min TT's so thought I'd give it a bash see how I got on???

To be honest after the week its had I would expect a reversal of the weeks move today being Friday so down is more likely but I'm fed up with guessing and being wrong then sit there watching it fly higher minute by minute , so thought lets just trade the price action and be done with it...

Attached Image (click to enlarge)

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Name: GBPAUDM1.png
Size: 66 KB

Feel the Fear and do it anyway!!!

#1,412
Sep 12, 2014 2:59am Sep 12, 2014 2:59am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Both stopped out at BE so looks like the markets not sure what to do yet so will sit back a bit wait for it to setup properly again as thats a failed drive in my book, Hmmmm are the GBP pairs well overdue a run down today???

Who knows but one thing I'm not going to do is guess anymore, if my MA turns red fair enough but even then I want to see them red in my top 8 at least, before I jump in....

Feel the Fear and do it anyway!!!

#1,413
Sep 12, 2014 3:16am Sep 12, 2014 3:16am

Piprader
| Joined Jan 2013 | Status: Trader | 554 Posts

Quoting clivepackham

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Unbelievably GBPAUD is top of my 1 min and 5 min TT's so thought I'd give it a bash see how I got on??? To be honest after the week its had I would expect a reversal of the weeks move today being Friday so down is more likely but I'm fed up with guessing and being wrong then sit there watching it fly higher minute by minute , so thought lets just trade the price action and be done with it... {image}

Ignored

Hi Clive maybe you can help I have uploaded a screenshot to show your 1 minute template on my computer but the top trenders is quite different to yours for some reason any ideas have you now changed the template this one is from page one

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#1,414
Sep 12, 2014 3:28am Sep 12, 2014 3:28am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Quoting Piprader

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{quote} Hi Clive maybe you can help I have uploaded a screenshot to show your 1 minute template on my computer but the top trenders is quite different to yours for some reason any ideas have you now changed the template this one is from page one {image}

Ignored

All you have to do for the TT indy is to change its inputs at the mo you've got 1 min and 15 min top trenders so just change the input from 15min to 1 min.

Heres how I have mine set up at the moment...

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Name: TTindy settings.PNG
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Gotta rush just taken a GBPAUD long entry so needs close management to get it to BE quickly...

Feel the Fear and do it anyway!!!

#1,415
Sep 12, 2014 3:33am Sep 12, 2014 3:33am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Took this as a breakout entry so don't hold much hopes of my BE holding up but you never know. One of the main reasons I like my pullback entries is that I can go to BE quickly whereas with break outs I either leave stop where it was and hope it survives the retest or risk getting stopped out on the retest...

Problem is I am very suspicious of these moves up as I've convinced myself its gotta go down today. Now I know I shouldn't do that but trouble is how do you stop those thoughts entering your head...

Attached Image (click to enlarge)

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Name: GBPAUDM1.png
Size: 61 KB

Feel the Fear and do it anyway!!!

#1,416
Sep 12, 2014 3:34am Sep 12, 2014 3:34am

Piprader
| Joined Jan 2013 | Status: Trader | 554 Posts

Thank you Clive sorry to be a numpty

#1,417
Sep 12, 2014 3:40am Sep 12, 2014 3:40am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Stopped out at BE again!!!

I'm sure many traders would say "thats gonna happen becos you keep going to BE too quickly" but the truth is when somethings really moving strongly then it just takes off and after the next candle opens price just doesn't come back.. trouble is today this is just inching its way up the page bit by bit, not really going for it..

Sometimes I do miss runs because of going to BE quickly but more often it saves me from a loser. I prefer to preserve my capital and wait for the good ones to whoosh price away from my entry.

Have a look at some good entries and you will see that after the entry candle price moves away smartly its only bad entries that come back at you plus of course getting stopped out at BE on a 1min chart is not a problem theres another entry a few minutes away if its a good trade....

Feel the Fear and do it anyway!!!