Trading is as simple as ABCD

Took a small loser there and then a BE trade , very interesting, trading the tick box for entries and considering its very early days I'm having some remarkable success with it. Just need to practice a bit longer on this demo to get the hang of it and we're be away. Important to take those losers very quickly under 5 pips I'd say so a fixed stop at 5 pips might be the order of the day as its far too tempting to just hold them thinking they will turn and before you know it wham!!! 20 pips gone!!!

Early days but I'm getting there...

This entry system off of the tick chart is awesome, taking entry after entry and getting them safe just need to select where to do it a little better say right on top of last reactive level so when tick box jumps my way it keeps going... Not quite timing it right yet but its just a matter of practice, practice and a bit more practice..

I'll get there...

Here's a divergence trade example on the EU. Nice divergence on the 5M and a quick 6 pips.

This is what we talk about so much..the exit. After the fact I could have stayed in this trade and got another 10-14 pips. In my case I am happy taking small positive trades with bigger lot sizes. I would rather take 6-10 pips than wait for that one 30-40 pip trade that might come along a few times a week if I'm in front of my PC.

Nice one Dave

Off to work today gotta earn some money so I can get trading with some real money, catch up when I get home...

Morning all been a little busy last few days with work commitments and its the same today but just thought I'd pop in quickly and grabbed myself 10 pips in between news releases. Not really a day to be trading 1 min charts just have to jump in grab 10 and jump out again. Heres the news my monitoring screen with nothing to trade from top 4 so will sit back and wait for all these pesky news releases to be done today.





looks like somethings happening , might have a look once its all settled a bit....

Hi Capstone

Missed this post of yours which is a shame as its a very relevant point. Are the markets trending more now than they have for a long time??? I don't think so, you see I've been watching these top trenders for quite a while now and there is nearly always at least one pair if not 2 or 3 that trend like this on the 1 minute charts. They call them "London Breakouts" or the "New York breakout" so they've been around for a very very long time.

However if you've been trading just EURUSD because it has a low spread or USDJPY etc then you won't see them run like this very often. But now you're watching the top trenders you're starting to see them more often so believe the markets changed, nope afraid not, its just about as difficult and ornery as its always been but now you're seeing some good runners or you're more aware of them... Thats the only difference.

I know this because before I had my TTindy I would feel the same as you, everything was just chopping around all day ranging from one high to a low and back up to a high again. Also trading pairs like that make you very quick to grab a few pips here and a few pips there because you were'nt on a strong trending pair. Oh and guess what when EURUSD did have a good old trending day , you'd still just grab a handful because thats what you were use to. Counter trade that move , counter trade this move, grab a handful here lose a handful there...

Here's the difference with my strategy, I'm only looking at strong trenders so I can get bigger winners than the normal scalping methods, in fact I'm working on catching hrly moves off of 1 min entries. Not easy but definately possible, you see I'm a great believer that its really important to have bigger winners than your losers if you are to succeed at this crazy forex game... That to me means small risk entries on 1 min charts and holding on higher timeframe charts...

Anyway my point is keep looking at the TTindy and you will see regular runners everyday especially off of the 5 min TTindy as thats the 1 min entries that have run the furthest, you will regularly see 100plus pip runners, they're still difficult to catch but if we keep taking 1 min CCI turns in the direction of a 5 min top trender then you will catch a couple sure as eggs are eggs. You will certainly get trades bigger than 4 or 5 pips, you've even posted a couple of entries yourself that ran a lot further after you exited for a handful. You're just not use to trades running, of course now I've said that you're have a couple of entries that won't go further than 5 pips but thats just the nature of the beast, sometimes they go sometimes they don't.

One secret I believe is to get in very early on the move soon as the 35lwma reverses enter on its first retest, then hold until the 35 reverses, and if the 5 mins just reversed too, why not hold until the 5min 35lwma reverses???

Look at this GBPJPY chart today and you're see what I mean, enter on 1 min 35lwma reversal break and retest entry just after the 5 min 35LWMA has changed colour too. Hold that first 1 min entry until the 5 min 35lwma changes back again 120pips later. In the meantime grab every little orphan you can as it trends up, it was top of 5 min TTindy very soon after the NYO, what I believe they refer to as the NYO breakout trade....




Notice how the trend remained in perfect shape with every CCI signal being a HL than the last one and proceeded by a HH CCI +100 signal... That to me is how we can ascertain the trends still in place comparing the current CCI pullback to the last one and if a HL and a HH then the trends still going...

Easy to see in hindsight and not so easy to see in real time, granted. But we should be catching these trends thanks to our TTindy and we know they occur around the market open times, they've been around a long time these market open breakout trades....

Could be nice if it holds up??? Gotta break 173.33 and we're be fine

First one BE trade but Breakout got him this time ok

You have mastered his trading system?

took 16.3 at yesterdays close and yesterdays high looming at 173.67 so can expect some argy bargy here for a bit...but has a nice feel to it for up today...

suckered me back in and gave all my first trade gains back but back in again now . happy though as it was a good entry just didn't work, maybe I could argue wait for retest of old resistance level ???

Might hold this one if it goes as nicely under yesterdays close and high if they break it could be good

trailing my stops locked in 7 pips mind you news 30 mins away so can't wait too much longer...

Took another 22 close to yesterdays high, got to expect a reaction there especially after a nice little run up like that, my losing trade would of survived too it just got pipped out by a pip but you never know so always best to set your stop sensibly below S&R and if its hit its hit....

Might leave it be for a while now as GBP news release in 30 mins but this is looking very positive at the moment...

Looking at my 5 min TTindy theres some JPY weakness about today with 6 of the 7 pairs in my top 8 so will be looking for more GBPJPY buying after the news especially if its positive for GBP. I like trading the 5 min strong trenders entering on 1 min CCI signals, it just makes sense to me and leads to some fairly big winners considering I'm trading 1 min charts, most 1 min scalpers will tell you to grab 5 pips here and a couple here but if you're trading in the direction of a strong trending 5 min pair then you can expect bigger runs than that....



All I'm trying to do is get bigger winners than my losers, not easy but certainly easier on strong trending 5 min pairs..

Really pleased with my exits today just reading it about right and getting out at top of my last 2 winners. Even pleased with my losing entry as it had broken a nice support level and could just as easily plummeted from there so it has to be done. I'm toying with the idea of just going to BE at 1 pip and if it doesn't get there just stop it out first candle against my move, it would keep my losers even smaller...



Anyway waiting for this news release now so will make myself a nice cup of tea, I've earned it 23.3 pips to the good so far...

Actually just reviewing that losing trade and I think I was a touch unlucky there, it was a good entry with a pending order above that first green candle with CCI momentum dropping nicely but never even went 0ne pip up??? And then to add insult to injury it pips me out for 1 pip then leaves a pin bar behind as if to say, good stop but we still gotcha!!!

Not complaining though I don't have any qualms about my entry or stop and would do exactly the same next time it sets up. Also I have many trades that hold on by their finger tips then go my way, its all part of trading, sometimes it works and some times it don't!!! Simple as that!!!

Normal service is resumed break and retest of 50 level and yesterdays close..

Oh dear bottled that for a miserly 11 pips as it just faltered at yesterdays high. Well its gone 35 in total!!! Knew I shouldn't of opened my big mouth and said how pleased I was with my exits, market has a way of putting you in your place doesn't it???

Still can't complain 34.6 pips in total and maybe just one more left in this GBPJPY???? retest of 173.75???

Gave back 12.6 there but again not a bad entry just didn't work, but I'm thinking when they don't go they don't go so why not just stick a stop below the signal candle and be done with it??? Would keep my losers smaller so lend itself to the bigger winners than losers argument. Of course would of been better to have got a bigger winner too last time but its so difficult to know when to hold and when to fold???

Looks like we're going down for a while now on GBPJPY so maybe its time to say enoughs enough and leave with 22 pips to the good??

OK as its top of my 5 min TTindy I'll give it another go AAA+ entry yesterdays close, 5 min 35lwma and a 50 level gotta be worth a shot at that surely??