Attachments: Trading is as simple as ABCD

Trading is as simple as ABCD

#1,821
Edited 10:10am Oct 12, 2014 9:47am | Edited 10:10am

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

Quoting 919gilead

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{quote} Great job Clive and we need to keep it up, and see what happens next week. Shalom , and God bless George

Ignored

Very true George but I've got a funny feeling this is the way forward as when nothings moving theres no trades but soon as they start then they pop up to the top of the Tindy pretty quickly.

Only trade the pair if its above/below its 35lwma.

Look at this GBPAUD chart which was top of both 1 min and 5 min TTindy, price above the 35lwma, 35lwma above the 5 min 35lwma(175). look at these -100 level CCI signals 6 winners in a row ,but to be honest there's not many green candles that don't work?? What if we were to hold each entry until 35lwma turned red again??? Maybe bank half on each momentum run and hold other half???

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Just a thought...

Feel the Fear and do it anyway!!!

#1,822
Oct 12, 2014 1:07pm Oct 12, 2014 1:07pm

handy148
Joined Oct 2010 | Status: Trader | 2,820 Posts

Ah so not 100 but now 35 LWMA - any reason why it's 35 (34 I could understand more as it's a recognised fib). Still what's 1 between friends lol.

Good luck with the new system.

#1,823
Oct 13, 2014 12:48am Oct 13, 2014 12:48am

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

Quoting handy148

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Ah so not 100 but now 35 LWMA - any reason why it's 35 (34 I could understand more as it's a recognised fib). Still what's 1 between friends lol. Good luck with the new system.

Ignored

Why 35?? Well if you look at any chart with hindsight and ask yourself "If I had traded that pair what trade would I have liked to have caught then the 35 just seems to guide it quite nicely but as you say there's not much between 20 to 50 really so it just seems to fit better than most.

Why 35 and not my old 100?? Well the 100 is for trading the trend or rather swing trading the 1 min which is basically trading the 5 min pullbacks also 100 on 1 min equates to 20 on the 5 min so we'll back to those 20 to 50 range MA's again so not really a change in strategy just a modification.

The change in MA length just makes the TTindy more sensitive so highlights those stronger AB moves sooner but the real reason I've reduced it is to just grab each little momentum run of say 3 to 10 pips . Pure scalping mode I guess you could say, following what a few guys have been saying for a while like Capstone, George etc just work on "orphans in poker" or "singles in baseball".

Got to be honest it felt really good trading that way last Friday, felt like it was my "calling ". just felt nice to get in, get to BE and get out. Felt lovely not to worry about what I might have left on the table. The results were good too so lets see if last Friday was just a fluke or not???

Feel the Fear and do it anyway!!!

#1,824
Oct 13, 2014 1:15am Oct 13, 2014 1:15am

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

With my "scalping hat" on I'm not going to be able to post very much as when it kicks off it will all be happening too quick to post but will update at end of session my results and will save trades as I go as I always do for my own trade reviews later. Thats something I think everyone should do record your charts at entry so you can review them later. Just takes a few seconds and its done...

Anyway nothings happening right now to the top trenders. I'm watching the 5 min TTindy right now and nothings happening need to see a nice strong move one way or the other so top of 5 min then come to top of the 1 min then I should see some charts like Friday either pouring one way or the other. Only interested in scalping strong trenders nothing else...

Heres what I'm looking at right now so just not interested in the slightest....

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Feel the Fear and do it anyway!!!

#1,825
Oct 13, 2014 1:23am Oct 13, 2014 1:23am

handy148
Joined Oct 2010 | Status: Trader | 2,820 Posts

It's USA (and others) holiday today so might trading might be a bit thin.

#1,826
Oct 13, 2014 1:37am Oct 13, 2014 1:37am

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

Yep but "The good old London boys" will probably the only session worth trading today, but no need to guess just watch the TTindy and checkout the top pairs if any good go for it if not don't.

Just had a quick go at GBPJPY but quick BE...

Feel the Fear and do it anyway!!!

#1,827
Oct 13, 2014 5:12am Oct 13, 2014 5:12am

mrlinggis
| Joined Oct 2014 | Status: Trader | 2 Posts

Hi Clive, first post here, have been doing a little reading of your thread, where are you based?

#1,828
Oct 13, 2014 5:47am Oct 13, 2014 5:47am

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

Quoting mrlinggis

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Hi Clive, first post here, have been doing a little reading of your thread, where are you based?

Ignored

Hi

I'm in Eastbourne UK the sunniest place in England, not that that is much of a boast....

Feel the Fear and do it anyway!!!

#1,829
Oct 13, 2014 5:54am Oct 13, 2014 5:54am

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

Well that was an interesting session no absolute flyers one way or the other really but just kept moving from top trender to top trender until I saw a chart I liked the look of then had a go... Lots of mistakes and still learning the ropes with this whole "scalping mindset" but considering it was a fairly quiet session I was pleased to come out of the session up 9% on my account and I think thast will get better as I go along...

Sorry couldn't post charts but might put some examples up later when I get some time...

USA and Canada bank holiday so can't expect too much action this afternoon.

Here's my trade list for today...

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Feel the Fear and do it anyway!!!

#1,830
Oct 13, 2014 6:07am Oct 13, 2014 6:07am

mrlinggis
| Joined Oct 2014 | Status: Trader | 2 Posts

Quoting clivepackham

Disliked

{quote} Hi I'm in Eastbourne UK the sunniest place in England, not that that is much of a boast....

Ignored

Ok, So you are at the end of the Aussie ASX, I like to trade FX afterwards. See you here!

#1,831
Oct 13, 2014 6:13am Oct 13, 2014 6:13am

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

OK quick review of this mornings trades here are 3 of the pairs I got involved in with trades marked out. Fisrt observation for me is I was too late to the party generally speaking so maybe need to look into having the top four 5 minute charts open with an alarm whenever the 1 min 35lwma turns back with the 5 min trend, also my losers were when I took one trade too many after a fairly good move...trading the end of the trend so need to watch out for failed drives then call it a day and wait for the next move...

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Need to watch the top trender on 1 minute closer and when it changes change with it. All in all I need to get on them sooner and stop as soon as I see weakness in the trend.

Work in progress but think there's something in this scalping lark for sure...

Feel the Fear and do it anyway!!!

#1,832
Oct 13, 2014 6:19am Oct 13, 2014 6:19am

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

this could be nice if it survices my tight BE stop...

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Feel the Fear and do it anyway!!!

#1,833
Oct 13, 2014 7:03am Oct 13, 2014 7:03am

919gilead
Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts

Quoting clivepackham

Disliked

Well that was an interesting session no absolute flyers one way or the other really but just kept moving from top trender to top trender until I saw a chart I liked the look of then had a go... Lots of mistakes and still learning the ropes with this whole "scalping mindset" but considering it was a fairly quiet session I was pleased to come out of the session up 9% on my account and I think thast will get better as I go along... Sorry couldn't post charts but might put some examples up later when I get some time... USA and Canada bank holiday so...

Ignored

Good job Clive

Closing for the day, and going for a snooze as I'm

Low Risk Low Stress High Reward High Probability Trades

#1,834
Oct 13, 2014 7:03am Oct 13, 2014 7:03am

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

Heres the current top trenders on 1 minute charts not very impressive are they??? Nothing to get excited about here so just sit back and wait for something to move to the top which looks good. Its got to be trending strongly, just being top of the TTindy doesn't mean you should just trade it. It's chart has to look good too. Not expecting too much movement today as bank holiday in USA and canada so even more reason to sit it out....

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Not in any rush to give back my hard earned gains from this morning...

Feel the Fear and do it anyway!!!

#1,835
Oct 13, 2014 7:16am Oct 13, 2014 7:16am

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

Quoting 919gilead

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{quote} Good job Clive Closing for the day, and going for a snooze as I'm

Ignored

Thanks George I see your return has gone over the 100% so good job to you too!!!

We really must have that chat sometime soon.......

Feel the Fear and do it anyway!!!

#1,836
Oct 14, 2014 3:56am Oct 14, 2014 3:56am

919gilead
Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts

Quoting clivepackham

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{quote} Thanks George I see your return has gone over the 100% so good job to you too!!! We really must have that chat sometime soon.......

Ignored

Something is not right, you are late to work today

Always expect and enjoy your usually market open analysis. Well I'm done with 3 trades for today and going for a snooze, and will touch base with you later.

I am available for our chat, any time you're ready

Shalom

Low Risk Low Stress High Reward High Probability Trades

#1,837
Oct 14, 2014 6:52am Oct 14, 2014 6:52am

capstone
| Joined Jul 2010 | Status: Trader | 1,319 Posts

Quoting 919gilead

Disliked

{quote} Something is not right, you are late to work today Always expect and enjoy your usually market open analysis. Well I'm done with 3 trades for today and going for a snooze, and will touch base with you later. I am available for our chat, any time you're ready Shalom

Ignored

I also enjoy seeing his early posts. I trust everything is alright Clive!

Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.

#1,838
Oct 14, 2014 11:00am Oct 14, 2014 11:00am

919gilead
Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts

Quoting capstone

Disliked

{quote} I also enjoy seeing his early posts. I trust everything is alright Clive!

Ignored

It is very unusual not to have heard from Clive by now and really hope he's okay with his family. Will definitely be

for him.

Low Risk Low Stress High Reward High Probability Trades

#1,839
Oct 15, 2014 3:47am Oct 15, 2014 3:47am

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

Good morning folks sorry about my absence but work pressure stacking up a bit but back today and just had a breakout on GBPJPY...for 7.9 pips.. love my little orphans

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Had a great chat with Martin too. Well I say chat but more me listening and Martin giving me a right going over about my lack of discipline.....

But the upshot is I'm really honing down my entries to Top Trenders on the 5 min and then when 1 min turns same way have a look for CCI signals off of key levels back with the 5 min trend. Heres a good example with 3 good CCI signals off of key levels.

Notice its a top trender on 5 min plus price so look for turns back up eg CCI oversold at key levels. The best key level is the old HH or past resistance as in this example...

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