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Trading is as simple as ABCD

  • #1,481
  • Edited 1:22pm Sep 18, 2014 10:03am | Edited 1:22pm
Quoting Vantage
{quote} Hi Clive Great trade and from here it doesn't really matter what you bank. 50 pips and upwards from 10 pip stops is outstanding so well done. Just popping in, this house searching story is a real pain in the butt.
Thanks Mr V. Really appreciate your comments.

Banked 80 pips in the end so very pleased with that obviously. Practically doubled account in one trade. But more pleasing than that is that I am starting to regularly bank much bigger winners than my losers which is my goal here to risk small on 1 minute entries and hold on higher timeframes, not quite there yet but getting there for sure.

This trading the 200nlma turns back in direction of 5 min strong trenders might be the answer time will tell. I think catching these 1 min reversals around market opens is the answer as many 5min 15 min moves start there.


Good luck with your house hunting catch up later...
Feel the Fear and do it anyway!!!
  • #1,482
  • Sep 18, 2014 5:14pm Sep 18, 2014 5:14pm
Just a couple of quick thoughts after todays trading. I'm looking at trading the 200NLMA turns on strong trending 5 min charts as I did today on gbpjpy, look at GBPJPY chart from today.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 61 KB


I've got the 5 min 100lwma on my 1 min chart (used a 500lwma) see how strongly its trending up and if you look on my entry chart you can see the 5 min TT GBPJPY was top trender so when the 200NLMA turned up with the trend should of entered on the first 2 or 3 CCI signals, would of improved my profits 4 fold. Think I caught about the 5th CCI signal so a bit late really. Best entries are the first couple after the slope colour change.


Attached Image (click to enlarge)
Click to Enlarge Name: Strong trending 5 min chart 1 min 200nlma turns back with the trend.png Size: 86 KB


So going forward I will be looking at the top four strongest trenders on the 5 min TT and then looking for the 200NLMA to turn the same way back with the 5 min trend. Then take the first couple of pullbacks ,ABCD moves as signaled by the 8 CCI.

The secret will be to take the first couple of CCI signals as they are the less risky entries plus the best place to enter the new 1 minute trend. Will hold on the 200NLMA like todays GBPJPY trade on the chart.

Must get to bed gotta try this out tomoz in FO and LO.
Feel the Fear and do it anyway!!!
  • #1,483
  • Sep 18, 2014 11:56pm Sep 18, 2014 11:56pm
Quoting clivepackham
BE trade, failed drive didn't take out B point so should of closed there and then. Not really surprising as missed the first 3 entries as I was busy working on my strategy and feel I'm getting really close now to something workable on the 1 minute timeframe. Going to keep forward testing and see how we go.... {image} Got to be working with these strong trenders and enter as soon as possible, which of course is difficult so I'm monitoring the top 4 trenders on the 5 min TT indy then when the 100nlma signals in the same direction take first 2 to 3...
Hi Clive please can you help, when you saqy you are changing the TT indy setting to a 35 lwma does this mean change the tf malength from 100 to 35, I have enclosed a pic, sorry if this is "der brain" all he best
Tom
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 303 KB
  • #1,484
  • Sep 19, 2014 1:44am Sep 19, 2014 1:44am
Quoting Piprader
{quote} Hi Clive please can you help, when you saqy you are changing the TT indy setting to a 35 lwma does this mean change the tf malength from 100 to 35, I have enclosed a pic, sorry if this is "der brain" all he best Tom {image}

Hi Piprader

Yep thats exactly what I meant , I changed both the tf1malength and tf2malength to 35 then used the 5 min for trend but don't worry about it as I've gone back to using the 100 on both again.

Sorry to keep messing about with the settings , template , MA's etc but I'm constantly tweaking and modifying to find the best 1 minute strategy that I can. Bear with me as I'm getting closer everyday to a finished system. Mind you I say that but I don't think I will ever stop modifying and changing as the forex market is a constantly changing environment. But it will be very very effective I promise you so just bear with me...

Heres my latest modification .

I've found the NLMA keeps slowing my computer down especially if I have 8 charts open at the same time so I've found another indicator that does exactly the same job without slowing down my computer. Its the MA_Slope Alerts attached. Usual settings I use 100lwma again as default but might use a 70 in rangy days. Set alert to signal when slope change happens and calls me to the chart.

Using the 100lwma again as the default setting but will be looking into tweaking this as we go forward but for now its great. Use the 100lwma from the 5 min chart too (use 500lwma on 1 min). Trade strong trending 5 min pairs from top 4 TTindy from 5 min table. When you get a MAslope signal in same direction take the next couple of qualifying CCI signals ,either close out when trend falters, couple of failed drives etc or hold until 1 min 100 lwma reverses. If you're really brave hold until 5 min 100lwma reverses.

Should also say buy only when 5 min green and price above it and same on 1 min , opposite applys to sells obviously sell only when 5 min red and price below as a general guide but I personally confirm everything with market structure and price action so may occasionally take trades outside these guidelines if price action confirms entry.

Chart below explains it better than words I think...

Attached Image (click to enlarge)
Click to Enlarge Name: Modified setup with new MAslope indicator.png Size: 71 KB


Apologies for constantly changing settings MA's etc but this is all work in progress towards a better 1 minute strategy.

Gotta go see what we can catch this morning...
Attached File(s)
File Type: ex4 MA_Slope Alerts.ex4   6 KB | 374 downloads
Feel the Fear and do it anyway!!!
  • #1,485
  • Sep 19, 2014 1:59am Sep 19, 2014 1:59am
Quoting clivepackham
{quote} Hi Piprader Yep thats exactly what I meant , I changed both the tf1malength and tf2malength to 35 then used the 5 min for trend but don't worry about it as I've gone back to using the 100 on both again. Sorry to keep messing about with the settings , template , MA's etc but I'm constantly tweaking and modifying to find the best 1 minute strategy that I can. Bear with me as I'm getting closer everyday to a finished system. Mind you I say that but I don't think I will ever stop modifying and changing as the forex market is a constantly changing...
Thank you so much Clive and no need to apologise at all, I like the way you open your mind to things and then share them on your thread it really helps regards Tom
  • #1,486
  • Sep 19, 2014 2:11am Sep 19, 2014 2:11am
Quoting clivepackham
{quote} Hi Piprader Yep thats exactly what I meant , I changed both the tf1malength and tf2malength to 35 then used the 5 min for trend but don't worry about it as I've gone back to using the 100 on both again. Sorry to keep messing about with the settings , template , MA's etc but I'm constantly tweaking and modifying to find the best 1 minute strategy that I can. Bear with me as I'm getting closer everyday to a finished system. Mind you I say that but I don't think I will ever stop modifying and changing as the forex market is a constantly changing...
Thanks again for the detailed info on your strategy you explain all very clearly and as you say the pic tells a thousand words I really appreciate all your feed back your a top guy green pips to you
  • #1,487
  • Sep 19, 2014 2:33am Sep 19, 2014 2:33am
Quoting Piprader
{quote} Thanks again for the detailed info on your strategy you explain all very clearly and as you say the pic tells a thousand words I really appreciate all your feed back your a top guy green pips to you

Wow!! What a great attitude!! With an open mind like that you will go far in this world my friend, all too often people fight with change instead of embracing it and running with it instead of against it. We all have to realize that the only guarantee in life is "change".

Keep that open mind, challenge everything you see, take advice from wise men but don't be afraid to follow your own beliefs too...

Heres an interesting setup that I took earlier which is against what I said earlier today. This was a great 1 minute setup as you can see with a colour change and a quick CCI signal to buy off of the last LH, perfect 1 min setup BUT its below the 5 min 100lwma so I shouldn't evem be thinking about buying yet!!!

See how the 5 min 100lwma is holding price down?? Thats our 5 min boys selling but I have a feeling the 1 minute will win the day as its the real "money boys" but lets see how it plays out.

Once price crosses that 5 min 100 lwma then it should be plain sailing from here on in...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 78 KB
Feel the Fear and do it anyway!!!
  • #1,488
  • Sep 19, 2014 2:56am Sep 19, 2014 2:56am
Bit of indecision today around how to treat the GBP after yesterdays Scots No vote. But the pressure is building on this GBPAUD pair to burst through the 5 min boys and race up the page???

On the other hand it might hold and rush straight down the page???

Who knows but no need to guess just watch the 1 minute and see which way it trends....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 74 KB
Feel the Fear and do it anyway!!!
  • #1,489
  • Sep 19, 2014 3:02am Sep 19, 2014 3:02am
GBP pairs strengthening and GBPAUD top of 1 min trenders plus its just broken the 5 min lwma looking for an entry asap..


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 77 KB


Shame my earlier one didn't survive....
Feel the Fear and do it anyway!!!
  • #1,490
  • Sep 19, 2014 3:39am Sep 19, 2014 3:39am
Well that was a shock took a lovely break and retest and got it to BE nicely but then wham!! all over, someones not so happy about the Scots staying British thats for sure, oh well back to watching for a bit... see where it all goes now...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 74 KB
Feel the Fear and do it anyway!!!
  • #1,491
  • Sep 19, 2014 3:48am Sep 19, 2014 3:48am
OK so if its going down lets try this GBPJPY might be a bit early in pullback but gone to BE so can't lose...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 62 KB
Feel the Fear and do it anyway!!!
  • #1,492
  • Sep 19, 2014 3:57am Sep 19, 2014 3:57am
grabbed a quick 21.9 pips out of that, not use to such fast price action, what the hells going on???? Have they ordered a recount???
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 58 KB
Feel the Fear and do it anyway!!!
  • #1,493
  • Sep 19, 2014 3:57am Sep 19, 2014 3:57am
Quoting clivepackham
Well that was a shock took a lovely break and retest and got it to BE nicely but then wham!! all over, someones not so happy about the Scots staying British thats for sure, oh well back to watching for a bit... see where it all goes now... {image}
Reckon your right there, nickers in a twist, maybe you can help or point me in the direction, I have posted a pic , this is the your template and I have added the new ma no problem but in order to arrange the top trenders to 1min and 5min I will need to build my own template, AGAIN THATS OK ha ha, but the info to the right of the screen that lists the JPY,USD, CAD etc I have looked high and low to find the indi and ughhh can't find it.
I know you are busy right now but when you have a minute if its nit too much of a .....ache can you please help. Time for a brew.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 313 KB
  • #1,494
  • Sep 19, 2014 4:34am Sep 19, 2014 4:34am
Been trying a few things out whilst this unusual price action has been going on going to BE very quickly and risking only what I'd won earlier so no risk as such and now I'm thinking this has come down a long way and hopefully will give us a 50% retracement with a bit of luck. Will watch it carefully for the up trend to end and close out whatever I get.

This is nothing to do with the main strategy but when you get price action like this the indicators are next to useless so its just the price action I'm trading...

Mind you I did take a nice buy entry off of the CCI signal but got stopped out at BE as price is jumping about a bit. The thing is to go to BE very quickly if it works great if it doesn't nothing lost...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 62 KB
Feel the Fear and do it anyway!!!
  • #1,495
  • Sep 19, 2014 4:49am Sep 19, 2014 4:49am
Quoting Piprader
{quote} Reckon your right there, nickers in a twist, maybe you can help or point me in the direction, I have posted a pic , this is the your template and I have added the new ma no problem but in order to arrange the top trenders to 1min and 5min I will need to build my own template, AGAIN THATS OK ha ha, but the info to the right of the screen that lists the JPY,USD, CAD etc I have looked high and low to find the indi and ughhh can't find it. I know you are busy right now but when you have a minute if its nit too much of a .....ache can you please...

Hi tom

If you're talking about the CSM currency strength meter, then I'm a bit confused as you have it on your screen but just not on the right hand side, you have it 2/3rds across the page??? If you want to move it to the right hand side adjust the inputs accordingly heres mine. But you might have to change the x and y settings to suit your screen..

Attached Image (click to enlarge)
Click to Enlarge Name: Strongest-weakest indy settings.PNG Size: 17 KB


Hope thats what you meant??

Busy screen by the way , do you find all that useful??

Just attached my strongest/weakest indicator just in case you haven't got it??
Attached File(s)
File Type: ex4 Clive's Strongest Weakest Indicator.ex4   13 KB | 436 downloads
Feel the Fear and do it anyway!!!
  • #1,496
  • Sep 19, 2014 5:07am Sep 19, 2014 5:07am
Quoting Piprader
{quote} Reckon your right there, nickers in a twist, maybe you can help or point me in the direction, I have posted a pic , this is the your template and I have added the new ma no problem but in order to arrange the top trenders to 1min and 5min I will need to build my own template, AGAIN THATS OK ha ha, but the info to the right of the screen that lists the JPY,USD, CAD etc I have looked high and low to find the indi and ughhh can't find it. I know you are busy right now but when you have a minute if its nit too much of a .....ache can you please...
Hi again Tom

Just realised you were also talking about the TTindy, all you have to do is change the indy settings to the same as mine here you go, then save the template when you've finished..

Attached Image (click to enlarge)
Click to Enlarge Name: TTindy settings.PNG Size: 30 KB
Feel the Fear and do it anyway!!!
  • #1,497
  • Sep 19, 2014 5:07am Sep 19, 2014 5:07am
Quoting clivepackham
grabbed a quick 21.9 pips out of that, not use to such fast price action, what the hells going on???? Have they ordered a recount??? {image}
Buy the rumour sell the fact I believe is the phrase.
  • #1,498
  • Sep 19, 2014 5:26am Sep 19, 2014 5:26am
Quoting Vantage
{quote} Buy the rumour sell the fact I believe is the phrase.

Yea I guess so but GBP has had a meteoric rise over the last couple of weeks so long overdue a pullback I guess, this 1.8300 level looks prime for a reversal don't you think??? Or is it all over now so back to normal and even with our rich friends from north of the border with us we're going to continue the pre-referendum slump and head south for a bit???

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 57 KB


Who knows Just keep an eye out for that reversal I guess but in the meantime just keep selling with the trend.. in that case 1.8300 looks good for a sell too...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 54 KB


Just all depends on your point of view I guess???
Feel the Fear and do it anyway!!!
  • #1,499
  • Sep 19, 2014 5:32am Sep 19, 2014 5:32am
Quoting clivepackham
{quote} Hi tom If you're talking about the CSM currency strength meter, then I'm a bit confused as you have it on your screen but just not on the right hand side, you have it 2/3rds across the page??? If you want to move it to the right hand side adjust the inputs accordingly heres mine. But you might have to change the x and y settings to suit your screen.. {image} Hope thats what you meant?? Busy screen by the way , do you find all that useful?? Just attached my strongest/weakest indicator just in case you haven't got it?? {file}
Thanks Clive your very patient, all sorted now!!, I promise not to be a numpty in the future
Yeh that screen was soooo busy!! thought it was me needing some new reading glasses, only joking, I set that up just to reference for the future Just in case it became the Holy Grail it hasn't happened yet!
apologies and a big thank you green pips to ya
regards
Tom
  • #1,500
  • Sep 19, 2014 5:43am Sep 19, 2014 5:43am
Quoting Piprader
{quote} Thanks Clive your very patient, all sorted now!!, I promise not to be a numpty in the future Yeh that screen was soooo busy!! thought it was me needing some new reading glasses, only joking, I set that up just to reference for the future Just in case it became the Holy Grail it hasn't happened yet! apologies and a big thank you green pips to ya regards Tom

You're welcome and goes without saying just trade demo until you get the feel for these one minute charts, I'm still only demo trading until I settle on a really good strategy....

Post some charts if you get a chance , doesn't matter if they're good or bad trades just post them up lets see what you're up to???

Heres my latest trade shorting this GBPAUD pair again, I'm not convinced its going to keep going down today looking at that hrly chart I posted but you never know....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 69 KB
Feel the Fear and do it anyway!!!
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