Trading is as simple as ABCD

GBPAUD looking good...

Caught this early in the reversal so could be good if it goes from here ... Got 2 choices and I really don't care as at BE...

Sold GBPJPY off of its 5 min lwma , keep taking entries and getting up a few pips but nothing to show for it yet...

GbPJPY up???? Red in 5 min green in 1 min so gotta be worth a go...

Nope not going and now its trapped between the 2 lwmas... wonder what will happen when it breaks free???

Reversal setup GBPNZD top in both TT's... 2.0375 look good to go??

Gonna be a bang soon!!!!

Exasperating morning so many entries but nowt to show for it just keep thinking "This ones gonna go" but they don't

Give this eurnzd a quick go then see if its any nicer...

Banked 9 pips there as fed up with giving it all back today so many little orphans gone begging today...

Not a good day by any measure...

GBPNZD going ok but not the best entry a bit late to the game here..should of entered where yellow arrow is..AAA+ setup

Took 25 pips out of gbpnzd just before it reversed back down..

Hopefully a bit more luck with NYO...

GBPJPY top trender and in and at BE within the same candle...

Hi Clive

Long time no speak. I did not trade brilliantly this morning was away from computer for the nicer moves then had one winner one loser. Took this one if I recall other gbp pairs were suggesting up as was ej. I was aware that TT was nowhere but we had push through the ma and 50 level a very clean a b c, cci was not down to -100 but did have 200 retrace on scale. I am headed home now so happy to bank for +26 for close to 12% on this trade.

Nope just not happening for me today didn't take my orphans today can't remember how many times I've been up today but not grabbed an orphan... Kept thinking theywere going to go today like last Monday but it wasn't to be...

Ended the day down about 2% today which is disappointing but can't win em all.... should of cuddled a couple of orphans...

Try again tomoz...

There she blows!!!

Just to add insult to injury GBPJPY flys after taking out my 2 BE trades....

Clive - yes with m1 that's the kinda "noise" you have to put up with. Are you not using an m5 or m15 100 lwma as well?

Back from work and have to say I've just counted up the pips from the posted charts and its over 50 plus pips just from the images I posted and I'm pretty sure most of them went further than whats shown on my posts, maybe nearer 70 pips????

Really makes me think for sure about just nabbing them little orphans... Trouble is I get a trending day tomoz and I'll grab every orphan then post later and say "do you know if I'd of held all those little orphans today I'd of made 300plus pips Just can't win can I???

No the bottom line of course is to just to be happy with what you got or more importantly be happy with what you missed..

Going forward I think its best to trade the ABCD move and once it turns bank it even if it just gets to B before running out of energy because it will go again more times than not from the same support level as the first signal.

Having posted at the weekend about only taking trades within 20 pips of the 100lwma I've got to say I noticed a lot more 100lwma bounce trades today heres just a few examples..



And a strong trender right now ...



Works going down Too...



Well I think the "only enter within 20 pips of 100lwma" rule is here to stay, don't you???

By the way it kept me out of some naff trades too as not near enough to the 100lwma, stopped me taking my top of wave buys anyway... Well most of the time..

Hi Mike

I do sometimes put a 5min 100lwma on my charts as they too lead to some nice touch trades plus of course its nice when price is the same side of both of them seems to lead to smoother price action. Guess we have the 5 min traders trading with us then so makes for more pips...

But I'm not convinced we need to wait for 1 min price action to crossover the 5 min 100lwma before it trades nicely..

Look at this 1 min chart of USDCAD walking its way up the 100lwma then walking its way down underneath it, seems like pretty clear price action to me HHHL's all the way up then LHLL's all the way back down. Nicely around the 100lwma.




But When I put the 5 min 100lwma it doesn't really help much apart from a couple of touch trades...If anything it distracts from the nice price action on the 1 min so confuses the issue if anything.



As long as price stays neatly one side or the other of the 1 min 100lwma I'm happy its in line with the 5 min. Don't forget the 1 min 100lwma is the same as the 5 min 20lwma used by a lot of 5 min boys...