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  • #1,441
  • Sep 15, 2014 5:14am Sep 15, 2014 5:14am
Hi Mr V.

If you're still holding EURAUD its looking good as another strong push lower bodes well for a continuation, maybe trail down the LH's would be prudent as every trend has to end sometime....
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm1.png Size: 66 KB
Feel the Fear and do it anyway!!!
  • #1,442
  • Sep 15, 2014 5:22am Sep 15, 2014 5:22am
Here's something interesting, on 1 minute charts be ready to switch sides quickly, many times after a run one way first thing in the morning it will reverse and go the other way..The mid morning reversal. This could well be the high of the day now...

Trouble is we tend to get connected to our trades and find it hard to immediately change direction but the 1 minute has no such loyalties...

I knew I should of sold that NLMA colour change but just didn't quite have the balls for it...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfm1.png Size: 59 KB
Feel the Fear and do it anyway!!!
  • #1,443
  • Sep 15, 2014 5:41am Sep 15, 2014 5:41am
Quoting clivepackham
{quote} Nice one Mr V I'm watching this GBPCHF closely needs to break Fridays high... {image}
Thanks Clive, this was a great example of the idea are all pairs that we watch pretty much showing the same thing. In this case it was eur pairs weakfish and below their ma's.
  • #1,444
  • Sep 15, 2014 5:45am Sep 15, 2014 5:45am
Quoting Vantage
{quote} Thanks Clive, this was a great example of the idea are all pairs that we watch pretty much showing the same thing. In this case it was eur pairs weakfish and below their ma's.

Yep great choice, you've caught the right pair today for sure and I can't see the trend weakening yet either. Every push lower is clearly lower than the last, his to me is a sure sign of a strong trend. If it was me I would just keep trailing the LH's until the market comes back to you. That way you will get as much as possible out of this trend.

First sign of it weakening will be a failed drive down, when that happens look to close out on next drive down if it also fails...
Attached Image (click to enlarge)
Click to Enlarge Name: trading the trend with trailing stops.png Size: 68 KB
Feel the Fear and do it anyway!!!
  • #1,445
  • Sep 15, 2014 5:45am Sep 15, 2014 5:45am
Quoting clivepackham
Hi Mr V. If you're still holding EURAUD its looking good as another strong push lower bodes well for a continuation, maybe trail down the LH's would be prudent as every trend has to end sometime.... {image}
We'll see, Mrs V must manage this one and she is more into longer term holds.

We listed our house Friday, agent brought 2 couples on Sat and we signed on Sunday. I am under a little pressure to find a place, never thought ours would sell quite that quickly.
  • #1,446
  • Sep 15, 2014 5:49am Sep 15, 2014 5:49am
Quoting Vantage
{quote} We'll see, Mrs V must manage this one and she is more into longer term holds. We listed our house Friday, agent brought 2 couples on Sat and we signed on Sunday. I am under a little pressure to find a place, never thought ours would sell quite that quickly.

Looks like you're catching quite a few fast sellers today?????
Feel the Fear and do it anyway!!!
  • #1,447
  • Sep 15, 2014 6:44am Sep 15, 2014 6:44am
Got a minute or two as market quiet so will quickly cover my entry system as I find it very accurate and keeps you out of a lot of bad trades.

The first thing I look for is the 200 NLMA to change colour which signals me to have a look at the chart. Then I wait for the first CCI sell signal to go overbought over +100 level.

Now I wait for the CCI momentum to wain and wait for the first red HA candle, soon as the candle closes red I drag my pending sell stop under the candle by 2 pips and wait for it to be hit. If momentum continues back up, HA candles go green, then wait for next red HA candle to close and drag it under that one, continue until either order hit or price talkes out last high. eg our A point. Then all sellings off.

Have a look at the chart below and you can see that there were several red HA candles that didn't get taken out by 2 pips so the pending order wouldn't have been hit not until the one that was a brilliant entry.

Attached Image (click to enlarge)
Click to Enlarge Name: Trade setup and entry.png Size: 70 KB


I have found this entry system to be very very accurate and keeps me out of many poor trades as you can see from this example. Its because the HA candle is the momentum returning to your direction so if price follows through it works well. My bad trades are when I enter too soon before the 2 pips move.

Check it out you will be amazed how many times the pending order doesn't get hit and saves you from a bad one. One word of warning be careful of entering on too big a setup candle as very often followed by a quick pullback.

Also remember we are entering on ABCD moves so anytime point A is taken out then entry setup is void wait for the next one.
Feel the Fear and do it anyway!!!
  • #1,448
  • Sep 15, 2014 7:46am Sep 15, 2014 7:46am
Hi Clive

Yep couldn't agree more on the wait for price to go below set up candle. Its quite common among many FF systems.

Still in euraud sell, the move up we call one of those weak pre/early US moves counter to Londons direction. We are challenging the days lows and (surprise, surprise) would like to see move lower.
  • #1,449
  • Sep 15, 2014 2:38pm Sep 15, 2014 2:38pm
Quoting Vantage
Hi Clive Yep couldn't agree more on the wait for price to go below set up candle. Its quite common among many FF systems. Still in euraud sell, the move up we call one of those weak pre/early US moves counter to Londons direction. We are challenging the days lows and (surprise, surprise) would like to see move lower.
How did you end up or are you still holding?? if so what timeframe are you holding on???
Feel the Fear and do it anyway!!!
  • #1,450
  • Sep 15, 2014 3:12pm Sep 15, 2014 3:12pm
Just quickly flicking through the charts and there were some good ones again today which we need to start catching sooner or later....

I'm thinking to reduce my risk and take an entry on more than one pair and see which goes the best...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 84 KB
Click to Enlarge Name: euraudm1.png Size: 97 KB
Click to Enlarge Name: gbpnzdm1.png Size: 81 KB
Click to Enlarge Name: gbpcadm1.png Size: 93 KB
Click to Enlarge Name: EURNZDM1.png Size: 85 KB
Feel the Fear and do it anyway!!!
  • #1,451
  • Sep 15, 2014 5:32pm Sep 15, 2014 5:32pm
Quoting clivepackham
I'm thinking to reduce my risk and take an entry on more than one pair and see which goes the best... {image} {image} {image} {image} {image}
Spread the love around Clive...
Today's zone = Tomorrow's opportunity!
  • #1,452
  • Sep 16, 2014 1:21am Sep 16, 2014 1:21am
Quoting pres78
{quote} Spread the love around Clive...


Hi Pres78

How you doing???

Whats your thoughts, where you at with this now???
Feel the Fear and do it anyway!!!
  • #1,453
  • Sep 16, 2014 1:22am Sep 16, 2014 1:22am
Not the best time to enter a bit late after the slope change but it was a nice break and retest of 1.8000 so worth a try...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 57 KB
Feel the Fear and do it anyway!!!
  • #1,454
  • Sep 16, 2014 1:41am Sep 16, 2014 1:41am
Took a late one here need to develop my discipline better....

Work in progress...
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm1.png Size: 57 KB
Feel the Fear and do it anyway!!!
  • #1,455
  • Sep 16, 2014 1:56am Sep 16, 2014 1:56am
Quoting clivepackham
{quote} How did you end up or are you still holding?? if so what timeframe are you holding on???
Was looking at 1hr. Did not reach our TP. Very early this morning had a LH but pre Frankies open took it right up. This one will not end well I think. But so be it we have to accept that some of these trades will go on to be big winners and some won't. Sometimes Mrs V is right sometimes I am (in this case my TP at 4300 would have been right).
  • #1,456
  • Sep 16, 2014 2:08am Sep 16, 2014 2:08am
Took a 10 pip loser there and to be honest serves me right, have to remember that these 1 min trends come to an end so when I can see 5 waves completed then its best to stand aside and let it go.. Of course I've seen many of theses go in the past and keep going but they are the exception, got to start looking for the high probability entries and not these low probability ones...

Its all about the discipline to only take the first or second CCI signal after a slope change. They're the ones we want. The first pullback in a new trend. Low risk entry with high potential reward, simple as that. These are the high probability trades.....

The problem is that sometimes those late entries work but the point is not very often and the reward is very limited compared to the first one...

Discipline, discipline and just a touch more discipline.....
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm1.png Size: 71 KB
Feel the Fear and do it anyway!!!
  • #1,457
  • Sep 16, 2014 2:11am Sep 16, 2014 2:11am
My mentor and friend Martin, tells me time after time the worst thing that can happen to you is you take a bad entry according to your system and it works!!!!

Trouble is then you keep taking them and they keep losing!!!
Feel the Fear and do it anyway!!!
  • #1,458
  • Sep 16, 2014 2:17am Sep 16, 2014 2:17am
Quoting Vantage
{quote} Was looking at 1hr. Did not reach our TP. Very early this morning had a LH but pre Frankies open took it right up. This one will not end well I think. But so be it we have to accept that some of these trades will go on to be big winners and some won't. Sometimes Mrs V is right sometimes I am (in this case my TP at 4300 would have been right).

Yes its very easy to overstay your welcome on these 1 min trends I guess we have to decide which timeframe we are exiting on. The entry for me should always be the 1 min trend change when price turns your way but the exit can be any timeframe after that its up to the trader.

The absolute dream of course is to take a 1 min entry and hold on a daily chart, but is that realistic????

Who knows maybe if we looked at daily top trenders then waited for it to pullback and go overbought or sold on the CCI then when it turned back down on daily then grab the next 1 min slope change????

Got 2 chances I guess....
Feel the Fear and do it anyway!!!
  • #1,459
  • Sep 16, 2014 2:20am Sep 16, 2014 2:20am
Quoting clivepackham
My mentor and friend Martin, tells me time after time the worst thing that can happen to you is you take a bad entry according to your system and it works!!!! Trouble is then you keep taking them and they keep losing!!!
I'll add to that. The only thing worse than a none system failed trade (and incorrect entry is none system) is a none system win. A none system win gets you thinking you can trade anything and everything and that invariably ends in tears.
  • #1,460
  • Sep 16, 2014 2:32am Sep 16, 2014 2:32am
Quoting Vantage
{quote} I'll add to that. The only thing worse than a none system failed trade (and incorrect entry is none system) is a none system win. A none system win gets you thinking you can trade anything and everything and that invariably ends in tears.

Yep you're absolutely right
Feel the Fear and do it anyway!!!
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