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Trading is as simple as ABCD

  • #1,521
  • Sep 22, 2014 2:02am Sep 22, 2014 2:02am
Hmmmm this is when you just can't trade something on indicators only as all 3 of my indys are saying buy TTindy, MA green, CCI buy signals but the market structure is saying sell????

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 61 KB


Best to just wait and see what happen if it breaks this down trendline then maybe take a break and retest but maybe this is a start of a reversal???

Best to just watch a bit for confirmation one way or the other...
Feel the Fear and do it anyway!!!
  • #1,522
  • Sep 22, 2014 3:05am Sep 22, 2014 3:05am
Nice little entry here on Top Trender GBPCAD. The main reason I took it is because it was proceeded by a strong AB move clearly breaking the last HH so demonstrating the trend is strong and hopefully will continue. Then it gave a nice little a break and retest entry of last high and the 25 level 1.7925. Added to that my new 20 pip stop dropped in behind last HL too as well as below the 25 level and the 100lwma so all looks good.

Of course it could still plummet like a stone but I'm happy I traded my strategy correctly so if it fails, so be it, they won't always work, nothing comes with a gauratee in this life...

Attached Image (click to enlarge)
Click to Enlarge Name: Strong AB move on Top Trender.png Size: 73 KB


Only problem it should of been the first 2 entries after the slope colour change, but the slope ma alert doesn't appear to be working too well so will look into changing it as the best entries are just after a slope change back with the 5 min trend.
Feel the Fear and do it anyway!!!
  • #1,523
  • Sep 22, 2014 3:08am Sep 22, 2014 3:08am
At BE now so entry succesful now just going to hold it until either obvious trend broken or 100lwma slope change.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadm1.png Size: 61 KB


Real shame I missed thiose earlier entries need to find a slope MA with a reliable alert, anyone got one???
Feel the Fear and do it anyway!!!
  • #1,524
  • Sep 22, 2014 3:17am Sep 22, 2014 3:17am
Stopped out at BE, this is the problem with entering so far away from the first slope change. A decent entry earlier on tends to get away faster and leave my BE stops alone. I thought this one had a chance as I went to BE once it had broken its last high but obviously not. But I don't mind thats just the way it goes sometimes and it might even just go down from here so then I would be delighted it took me out for nowt.

Back to watching for a bit....
Feel the Fear and do it anyway!!!
  • #1,525
  • Sep 22, 2014 3:33am Sep 22, 2014 3:33am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 67 KB
Feel the Fear and do it anyway!!!
  • #1,526
  • Sep 22, 2014 3:35am Sep 22, 2014 3:35am
That was quick in and at BE in same candle?? Its all about these top trenders guys....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 59 KB
Feel the Fear and do it anyway!!!
  • #1,527
  • Sep 22, 2014 3:53am Sep 22, 2014 3:53am
Nice little add on there this is looking very interesting now...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 66 KB
Feel the Fear and do it anyway!!!
  • #1,528
  • Sep 22, 2014 4:09am Sep 22, 2014 4:09am
Banked 74.3 pips , part of me says I should hold these trades on the 100lwma change but I'm so fed up with watching profits just disappear in fron of my face, I thought nope not this time, this time I'll bank at first sign of a problem.

Probably going to go up but so what I've got to get use to the idea you can't bank every pip of the move...

Also can't worry about entries I've missed earlier either like the first 2 on this chart. Mind you that is the best place to get into any trade, just after the slope colour change, thats something to work on going forward for sure.

Big lesson learnt today??? Look at the AB move proceeding your pullback, if it clearly takes out the last drive then take the pullback as every chance it will push on especially in a Top Trender...


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 69 KB


Ok so whats next???

A cup of tea I think I've earned it....
Feel the Fear and do it anyway!!!
  • #1,529
  • Sep 22, 2014 4:12am Sep 22, 2014 4:12am
Quoting clivepackham
Banked 74.3 pips , part of me says I should hold these trades on the 100lwma change but I'm so fed up with watching profits just disappear in fron of my face, I thought nope not this time, this time I'll bank at first sign of a problem. Probably going to go up but so what I've got to get use to the idea you can't bank every pip of the move... Also can't worry about entries I've missed earlier either like the first 2 on this chart. Mind you that is the best place to get into any trade, just after the slope colour change, thats something to work on...

I think you have earned it.

Next mental step, you don't know what the market will do and you thank the powers that be for 2 great trades. If thats it for the day great, if it carries on up from here and you cannot get another system entry so be it, if it falls great. Outstanding my friend!!!
  • #1,530
  • Sep 22, 2014 4:44am Sep 22, 2014 4:44am
Quoting clivepackham
Banked 74.3 pips , part of me says I should hold these trades on the 100lwma change but I'm so fed up with watching profits just disappear in fron of my face, I thought nope not this time, this time I'll bank at first sign of a problem. Probably going to go up but so what I've got to get use to the idea you can't bank every pip of the move... Also can't worry about entries I've missed earlier either like the first 2 on this chart. Mind you that is the best place to get into any trade, just after the slope colour change, thats something to work on...
Hi CLive,

I'd like to notice you I've just banked my first 50 pips with your system in GBPNZD. I aplied to 5min charts, and thinking about to trade everyday just London open, take some pips and close for the day.

One question. About your TT pairs indicator, how can I make it like yours showing just two digits (mine its about 8....) each pair?


thank you Clive, keep on the thread please!

Toni
  • #1,531
  • Sep 22, 2014 4:54am Sep 22, 2014 4:54am
Quoting Vantage
{quote} I think you have earned it. Next mental step, you don't know what the market will do and you thank the powers that be for 2 great trades. If thats it for the day great, if it carries on up from here and you cannot get another system entry so be it, if it falls great. Outstanding my friend!!!

Thanks Mr V.

Our couple of weekend pm's really helped me get my head together, early days I know but I've got a very positive feling about this trading business at the moment. Of course demo is one thing real money another all together but I'm not too bad on losing money, had enough practice I guess. So I don't think it will faze me too much when I switch.

I think that watching for a strong AB move in a strong trending pair is key to which ABCD moves to take and which to leave,

Of course I had another go at it when it came down a minute ago and turned but it went sideways so I took a 3 pip loss, another lesson learned, when it doesn't go as you plan then just get out asap.

Thanks again for your invaluable advice Mr V.
Feel the Fear and do it anyway!!!
  • #1,532
  • Sep 22, 2014 5:17am Sep 22, 2014 5:17am
Nice little tea break there so off we go again, 5 min top trender so trading 1 min trends in that direction
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 61 KB
Feel the Fear and do it anyway!!!
  • #1,533
  • Sep 22, 2014 5:21am Sep 22, 2014 5:21am
Quoting forexdaist
{quote} Hi CLive, I'd like to notice you I've just banked my first 50 pips with your system in GBPNZD. I aplied to 5min charts, and thinking about to trade everyday just London open, take some pips and close for the day. One question. About your TT pairs indicator, how can I make it like yours showing just two digits (mine its about 8....) each pair? thank you Clive, keep on the thread please! Toni

Hi Forexdaist

Nice to hear some else is having some success with this system, it can be used on any timeframe you like just adjust the TT indy for your preference as for changing the number of digits not too sure what that is all about to be honest could you copy your TT indy and post it up here???

Good luck post your trade if you get a chance....
Feel the Fear and do it anyway!!!
  • #1,534
  • Sep 22, 2014 5:38am Sep 22, 2014 5:38am
Right now this is where my discipline is going astray again!!!

I've just taken 2 new entries in GBPAUD the first one stopped out at BE and the 2 nd cost me 10 pips..

But here's the problem, GBPAUD is NOT setting up on my 1 min TTindy nor is the MA sloping, so why am I trading it???? Because I've had some success with it this morning and somehow become attached to it???? Crazy stuff it looks nothing like the setups I took on it this morning so I need to leave it alone and just concentrate on the Top Trenders again until it starts moving again.

You see I think I know better than the market whats going to happen next but of course I don't!!!

Ok I've caught myself doing it so now I can put it right and start as if nothing has happened or of course I could listen to an experienced trader like Mr V and just be happy that I've caught this mornings LO move and wait for NYO like any sane man would do.....

Yep going to listen to my good friend Mr V. and unless something sets up perfect with a nice AB drive then I'm gonna sit on my hands for the rest of the session....

Lets see if I can do that ?????
Feel the Fear and do it anyway!!!
  • #1,535
  • Sep 22, 2014 5:46am Sep 22, 2014 5:46am
Right here's the current top trenders lets have a look at them as there's plenty of strong AB moves going on thats for sure so just wait for a nice pullback and away we go...
Attached Image (click to enlarge)
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Feel the Fear and do it anyway!!!
  • #1,536
  • Sep 22, 2014 5:51am Sep 22, 2014 5:51am
Look what was happening on EURNZD whilst I was searching for an entry that wasn't there ever on GBPAUD????


Attached Image (click to enlarge)
Click to Enlarge Name: Great ABCD setup and reversal.png Size: 69 KB


Look at the strength of that AB leg???? Thats what we need to see , theyy are what we're after especially just after a MA colour change, awesome bloody entry!!!!
Feel the Fear and do it anyway!!!
  • #1,537
  • Sep 22, 2014 5:54am Sep 22, 2014 5:54am
Quoting clivepackham
{quote} Hi Forexdaist Nice to hear some else is having some success with this system, it can be used on any timeframe you like just adjust the TT indy for your preference as for changing the number of digits not too sure what that is all about to be honest could you copy your TT indy and post it up here??? Good luck post your trade if you get a chance....
Here you have my chart.

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-22_1242.png Size: 147 KB



Any comments are wellcome of course.

Clive, wish you the best of lucks with your trades!


salut
TONI
  • #1,538
  • Sep 22, 2014 6:01am Sep 22, 2014 6:01am
EURNZD shaping up nicely with a strong AB leg now a nice BC leg for entry around my arrow...
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM1.png Size: 57 KB
Feel the Fear and do it anyway!!!
  • #1,539
  • Sep 22, 2014 6:11am Sep 22, 2014 6:11am
Quoting clivepackham
Right now this is where my discipline is going astray again!!! I've just taken 2 new entries in GBPAUD the first one stopped out at BE and the 2 nd cost me 10 pips.. But here's the problem, GBPAUD is NOT setting up on my 1 min TTindy nor is the MA sloping, so why am I trading it???? Because I've had some success with it this morning and somehow become attached to it???? Crazy stuff it looks nothing like the setups I took on it this morning so I need to leave it alone and just concentrate on the Top Trenders again until it starts moving again. You...

If LO has had a quick 50-70 pips (depending on pair) that is often it until the US session. When I used to trade 5 min charts the 3rd move in London session was so regularly a failure that I stopped trading it all together. If on the odd day it runs so be it.

Anyway it all comes back down to how much is enough. 70 odd pips in a session should be put your feet up time and smile knowing that you opened up a can of whop ass on the market.
  • #1,540
  • Sep 22, 2014 6:16am Sep 22, 2014 6:16am
Quoting Vantage
{quote} If LO has had a quick 50-70 pips (depending on pair) that is often it until the US session. When I used to trade 5 min charts the 3rd move in London session was so regularly a failure that I stopped trading it all together. If on the odd day it runs so be it. Anyway it all comes back down to how much is enough. 70 odd pips in a session should be put your feet up time and smile knowing that you opened up a can of whop ass on the market.

Yep for sure and look at it now, I was trying to buy this 15 mins ago and now its setting up nicely for a sell instead got to be ready to switch directions and alliances quickly on these old 1 minute charts, no place for misplaced loyalty to one direction or the other just go with the trend and the strongest trends at that!!

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 64 KB


Cheers Mr V.
Feel the Fear and do it anyway!!!
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