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Trading is as simple as ABCD

  • #1,921
  • Oct 17, 2014 1:44am Oct 17, 2014 1:44am
I just got 10 pips on GJ , but still not sure about the indy's ?
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  • #1,922
  • Oct 17, 2014 1:48am Oct 17, 2014 1:48am
This is what I'm looking for but I missed it due to making a cuppa tea, but never mind there be another one along in a minute or two...

Top trender in 5 min TTindy pulls back to a nice key level and gives a perfect CCI signal, pending order above first green candle and away you go...

So So simple ABCD....
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Feel the Fear and do it anyway!!!
  • #1,923
  • Oct 17, 2014 1:49am Oct 17, 2014 1:49am
Quoting robuk
I just got 10 pips on GJ , but still not sure about the indy's ?{image}
I knew I should have stayed in because H!, H4 positive , I just wanted to get an orphan pot trade
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  • #1,924
  • Oct 17, 2014 2:00am Oct 17, 2014 2:00am
Break and retest of yesterdays high (yellow line) another key level I work with...for another 15 pips and account now at 97% growth for today...
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Feel the Fear and do it anyway!!!
  • #1,925
  • Oct 17, 2014 2:07am Oct 17, 2014 2:07am
Quoting clivepackham
Break and retest of yesterdays high (yellow line) another key level I work with...for another 15 pips and account now at 97% growth for today... {image}
Great !! Sock it to 'em.
  • #1,926
  • Oct 17, 2014 2:15am Oct 17, 2014 2:15am
Morning Clive

This is similar to your system. It is Raghee Horners 34 ema channel. The thick red/green line is 34 ema on m5 and the thick purple line is a 200 ema. Entry denoted by yellow line which is a clear break of the 34 ema channel and > m5 34 ema and > 200 ema. You can argue this was aggressive entry and safer would have been to wait for 34 ema channel to cross 34 ema m5.

Mike
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  • #1,927
  • Oct 17, 2014 2:24am Oct 17, 2014 2:24am
With respect to the thread author perhaps you should start your own thread.
  • #1,928
  • Oct 17, 2014 2:29am Oct 17, 2014 2:29am
-10 pips , guess I jumped in too soon on that one .Attachment [attach]
  • #1,929
  • Oct 17, 2014 2:33am Oct 17, 2014 2:33am
Quoting robuk
-10 pips , guess I jumped in two soon on that one .1530620[attach]
OOPS , chart didn't print
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  • #1,930
  • Oct 17, 2014 2:48am Oct 17, 2014 2:48am
Right well just took another 3 pips out of GBPJPY as the price action was very lack lustre for a top trender so thats the end of the LO session for me and I'm glad to say I've made 103% on my account in one session ...

Attached Image (click to enlarge)
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Job well done now to find some cash from somewhere and give it a blast with some real dough...
Feel the Fear and do it anyway!!!
  • #1,931
  • Oct 17, 2014 2:55am Oct 17, 2014 2:55am
Quoting robuk
{quote} OOPS , chart didn't print {image}
Hi Robuk

Correct me if I'm wrong did you sell that????? Looks like a sell loss to me and I just gotta say, why are you selling when GBPJPY is top of TTindy in both 1 min and 5 min tables???

You should only be buying.....

Actually the trade on your chart at about 08.30 looks like a winning buy trade?? Have I read your chart wrong????
Feel the Fear and do it anyway!!!
  • #1,932
  • Oct 17, 2014 3:03am Oct 17, 2014 3:03am
Quoting clivepackham
{quote} Hi Robuk Correct me if I'm wrong did you sell that????? Looks like a sell loss to me and I just gotta say, why are you selling when GBPJPY is top of TTindy in both 1 min and 5 min tables??? You should only be buying..... Have I read your chart wrong????
No ,I was buying with 10 pip SL which got hit , completely my fault cos MA was flat , I'll learn (I hope ) -- keep up the good work , brilliant ideas !!
  • #1,933
  • Oct 17, 2014 3:05am Oct 17, 2014 3:05am
Great result Clive
  • #1,934
  • Oct 17, 2014 3:08am Oct 17, 2014 3:08am
Quoting robuk
{quote} No ,I was buying with 10 pip SL which got hit , completely my fault cos MA was flat , I'll learn (I hope ) -- keep up the good work , brilliant ideas !!
MA Line too flat this was second trade , but the first trade was +10 ( I posted the chart )
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  • #1,935
  • Oct 17, 2014 3:09am Oct 17, 2014 3:09am
Quoting robuk
{quote} No ,I was buying with 10 pip SL which got hit , completely my fault cos MA was flat , I'll learn (I hope ) -- keep up the good work , brilliant ideas !!
Ok still can't see how it lost??? Maybe use 20 pip stop for a while with half your normal risk see how it goes, GBPJPY can be jumpy...

Its about timing I guess, I put a pending order straight over first green candle after pullback at the key level, that gets you straight in and away. Put my stop below the key level I'm trading if I'm wrong and key level breaks i want out asap....

Hope that helps please feel free to ask anytime....
Feel the Fear and do it anyway!!!
  • #1,936
  • Oct 17, 2014 3:11am Oct 17, 2014 3:11am
Quoting robuk
{quote}MA Line too flat {image}
I get it now, I was looking at the winner you had earlier sorry...
Feel the Fear and do it anyway!!!
  • #1,937
  • Oct 17, 2014 3:18am Oct 17, 2014 3:18am
Quoting clivepackham
Right well just took another 3 pips out of GBPJPY as the price action was very lack lustre for a top trender so thats the end of the LO session for me and I'm glad to say I've made 103% on my account in one session ... {image} Job well done now to find some cash from somewhere and give it a blast with some real dough...
So, taking out the BE trades you won 7 goals to 1 , sounds like Germany v Brazil
  • #1,938
  • Oct 17, 2014 3:22am Oct 17, 2014 3:22am
Quoting handy148
Great result Clive
Thanks Mike

It helped with your comment about only trading above below the 5 min 35lwma, and not going for any reversals until its crossed... That kept me out of some duff trades this morning.

golden rule here is only trade with the 5 min trend until it ends... Thats what I did this morning just traded with the 5 min TT entering on 1 min CCI signals back with the trend at key levels...

What was also very interesting was just grabbing those little orphans and not worrying about what I might leave on the table.. Just kept bagging little winners. Had no intention of doubling my account , it just happened with good trading.

lastly it all started with a loser, first trade but I was really happy with that loser as it was a system trade on a kiss off of the 5 min lwma but soon as it broke it, I was out and looking for the reversal break and retest of the same lwma but down.. That gave me the confidence to keep going for every break and retest entry in direction of 5 min top trender..

This trading key levels only has kept my stops tight and my entries spot on, really chuffed with how the whole week has gone...

Well i've got to go to work today which is a shame as would of liked to have seeen if I could maintain my performance this afternoon, but gotta put food on the table somehow??? Well thats until I can get trading full time with some real money, thats my goal..
Feel the Fear and do it anyway!!!
  • #1,939
  • Oct 17, 2014 3:25am Oct 17, 2014 3:25am
You need a particular mentality for scalping - take what the market gives you. That might sometimes be 2, 3, 5 and sometimes you'll get a runner. Never worry if you left anything on the table.
  • #1,940
  • Oct 17, 2014 3:27am Oct 17, 2014 3:27am
Quoting robuk
{quote} So, taking out the BE trades you won 7 goals to 1 , sounds like Germany v Brazil
Yep crazy on a 1 minute chart too!!! who would of thought it could be done on a 1 minute chart??? All by simple price action trading ABCD moves in direction of a strong trender... Don't be concerned about going to BE either most of my trades are at BE within a pip or two at most, so if it doesn't hold up its not a good entry. I love to get my risk off the table within a minute or two if I can..

Lets keep it going now I'm on a roll...
Feel the Fear and do it anyway!!!
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