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Trading is as simple as ABCD

  • #2,281
  • Edited 7:27am Nov 12, 2014 7:03am | Edited 7:27am
And they just keep going down... look at these 4 charts that I posted earlier from my top 4 trenders and said they were no good so left them alone, just keep going down...

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Probably about 70 pips lower than when I posted them earlier and going lower as I speak.

Gotta start to believe in that TTindy and start trusting it... These charts do happen quite a lot... When am I going to start believing it?
Feel the Fear and do it anyway!!!
  • #2,282
  • Nov 12, 2014 7:30am Nov 12, 2014 7:30am
Just gonna post TTindy as a record of how it looked at 13.30 today,interested to see if these tt's reversae or continue in USA session?? useful for daily reveiw later...

Attached Image


Gonna do this at regular intervals throughout the day, every hour if I can when I'm trading will be useful to review days trading later...
Feel the Fear and do it anyway!!!
  • #2,283
  • Nov 12, 2014 3:53pm Nov 12, 2014 3:53pm
Well time for my end of day review and its an interesting one at that...

I lost my first 2 trades today and not being use to losing twice in a row I didn't like it.. In fact I lost confidence in my system, even though they were later proven to be non system trades by Mr capstone.. Still it hurts doesn't it so I stayed out for the morning , in fact I even posted saying how shite the top 4 trenders were looking and posted my monitoring chart to prove it.

So first of all lets have a little update to how those "shite" charts turned out today, shall we???

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GbPAUD down 250 pips, GBPCAD down 250 pips, GBPJPY down 220 pips and GBPNZD down an amazing 350 pips.... Hmmm maybe they weren't quite so shite afterall.

So what happened?? Why wasn't I all over those charts this afternoon grabbing pips left right and centre like GBPJPY yesterday?? I lost my confidence, I lost my belief in my system, I just didn't want to trade anymore today...

Funny thing was as Mr capstone pointed out from the losing charts I'd posted, the good setups were there I just wasn't looking for them, nope I knew better than the market and my TTindy so I was gonna trade GBPJPY even if it wasn't a Top Trender, even if it was a 5 min sell setup I was still going to buy it, because I knew better...

I must be stark raving mad!!! Now how can that be??? how can I ignore what my charts and eyes are telling me and go off and trade something else thats nothing like a system trade??? Beggers belief doesn't it??? But thats just it, its about "beliefs" you see we will look for evidence to back up our beliefs rightly or wrongly no matter what facts are staring us in the face to the contrary.

Thats why I traded GBPJPY because I believed it was the pair to trade after yesterdays great run, but that was yesterday, I'm not trading daily charts, who gives a monkeys **** what happened yesterday. I'm trading today right now!!!

Bottom line I lost belief in my system and lost confidence to trade it too, so just to get me back on track for tomoz here's the top trender of the day as per my charts earlier, heres GBPNZD with its "noisey unreliable" chart....And its still top in both TTindys even now!!!

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10 out of 12 system signals that worked absolutely perfectly. God knows how many pips they were all worth?? This system bloody works I just gotta believe it in....
Feel the Fear and do it anyway!!!
  • #2,284
  • Nov 13, 2014 12:12am Nov 13, 2014 12:12am
Quoting clivepackham
Well time for my end of day review and its an interesting one at that... I lost my first 2 trades today and not being use to losing twice in a row I didn't like it.. In fact I lost confidence in my system, even though they were later proven to be non system trades by Mr capstone.. Still it hurts doesn't it so I stayed out for the morning , in fact I even posted saying how shite the top 4 trenders were looking and posted my monitoring chart to prove it. So first of all lets have a little update to how those "shite" charts turned out today, shall...

thanks for posting the system .i have been following it a lot .it really working keep up the good work.pls can you tell if it can work for 1 hr to daily time frame pls ,cos i have tried it but i did not get the settings may be u can help me out
  • #2,285
  • Nov 13, 2014 2:33am Nov 13, 2014 2:33am
Quoting clivepackham
Ok my minds not on it today so just to remind myself what I'm looking for here is a quick reminder. Find a strong trending pair with its 100lwma sloping at about 45 degrees. Use TTindy... Wait for a strong AB move. wait for a CCI signal over a 100 level. Enter at C. Close at D as price falters. {image} Right got that back in my head......
G'day Clive,

Another reminder that you may have forgotten from one of your first posts...

Only seriously consider the top 4 pairs on either side of the TTindy {1M or 5M side} since those will be the four strongest or weakest. And the Pound and Yen pairs have the highest Average Daily Range so those would be the best choices. Even the Kiwi and Aussie pairs can really rock and roll too!

Your mate from the States
It's time we stop entertaining ourselves and start realizing ourselves!
  • #2,286
  • Nov 13, 2014 2:58am Nov 13, 2014 2:58am
Hi Clive

Sold the last ga signal at 1.8081. Yes I know on the D we are approaching a SR level no doubt why the Asian session bounced this morning. After LO price went sideways, gbp was weak pretty much across the board with lots of pairs at the top of the TT. AUD was also weak against eur. So as far as my visual strength/weakness is concerned (I have 8 pairs up and this is easy to eyeball) and also as regular readers of mine (yes you 7 know who you are) that as far as I am concerned a weak bounce from a key level often means level will fail. Add all together and I was happy with risk to sell into the SR level.

Will post charts shortly.
  • #2,287
  • Nov 13, 2014 3:15am Nov 13, 2014 3:15am
Quoting Vantage
Hi Clive Sold the last ga signal at 1.8081. Yes I know on the D we are approaching a SR level no doubt why the Asian session bounced this morning. After LO price went sideways, gbp was weak pretty much across the board with lots of pairs at the top of the TT. AUD was also weak against eur. So as far as my visual strength/weakness is concerned (I have 8 pairs up and this is easy to eyeball) and also as regular readers of mine (yes you 7 know who you are) that as far as I am concerned a weak bounce from a key level often means level will fail....

From what I'm looking at that looks like a terrific signal!!! Guess you're just contemplating how long to hold it or maybe you're out for 40 plus pips???
Feel the Fear and do it anyway!!!
  • #2,288
  • Nov 13, 2014 3:18am Nov 13, 2014 3:18am
Quoting Vantage
Hi Clive Sold the last ga signal at 1.8081. Yes I know on the D we are approaching a SR level no doubt why the Asian session bounced this morning. After LO price went sideways, gbp was weak pretty much across the board with lots of pairs at the top of the TT. AUD was also weak against eur. So as far as my visual strength/weakness is concerned (I have 8 pairs up and this is easy to eyeball) and also as regular readers of mine (yes you 7 know who you are) that as far as I am concerned a weak bounce from a key level often means level will fail....
The comparison of the pairs clearly shows gbp weak across the board (red ma's and price below) and euraud also falling. I know the exit was possibly bad with the lh, ll intact but my target level was not reached and the retrace is significant. Quite possibly suffered from a loss of bottle. Exited with +30 for around 12%. If the exit does turn out to be bad I'll live with it.
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  • #2,289
  • Nov 13, 2014 3:25am Nov 13, 2014 3:25am
Quoting Vantage
{quote} The comparison of the pairs clearly shows gbp weak across the board (red ma's and price below) and euraud also falling. I know the exit was possibly bad with the lh, ll intact but my target level was not reached and the retrace is significant. Quite possibly suffered from a loss of bottle. Exited with +30 for around 12%. If the exit does turn out to be bad I'll live with it. {image} {image}

Hindsight is a wonderful thing but yet again we have tested the latest B point at 1.8030 ish and a little more bottle on my part would have given another 15 pips or so.
  • #2,290
  • Nov 13, 2014 4:34am Nov 13, 2014 4:34am
Quoting Vantage
{quote} Hindsight is a wonderful thing but yet again we have tested the latest B point at 1.8030 ish and a little more bottle on my part would have given another 15 pips or so.

Great trading Mr V. don't think anyone would agree with your "lost my bottle" statement you made a decision based on the price action you were watching and wasn't going to let a winner turn against you. Nice to get the first one under your belt too gives you confidence going forward...

Now if you want to see a "loss my bottle" situation here it is.....

I'm struggling with believing in my own system at the moment having had a couple of losers and just to prove it heres a chart of GBPNZD which has moved about 150 pips so far and its been top of my TTindys all morning its setup 5 quality signals and yet I've taken only 2 trades but heres the real deal I've lost 11.1 pips!!!!!

If I had got those 2 entries to hold I'd be up 100 pips on one and 60 pips on the other... But I didn't did I...

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Why is this happening, especially on a demo??? Well first of all I don't differentiate from demo or real money, its the same for me, I just trade the signals not the money. It hurts just as much on demo as it does on real for me. Its a cock up and has to be stopped asap.

I've got to just have faith in my system. Just have to believe it works and then take the entries and either win or lose... Simple as that and not put so much measure on the outcome but more on the quality of the trade setup. Was it a system trade?? Was it executed correctly?? Was it timed well??? Not did it win or lose?? You can have none system trades that win but that doesn't make it a good trade. Its still a bad trade that luckily made you money. good trades are system trades executed correctly at the right time on the right pair. Winning or losing is irrelevant...

So I've got to work my way through this stage just like anyone else has who's become a successful trader, these periods of self doubt have to be dealt with and to be honest, traded through and out the other side.

So don't be so hard on yourself Mr V for grabbing 30 pips you took a system trade and you exited as per the system when price faltered. That is a great trade full stop!!!
Feel the Fear and do it anyway!!!
  • #2,291
  • Nov 13, 2014 8:57am Nov 13, 2014 8:57am
Just a quick trade before I go to work been playing around a bit today trying to get my confidence back with the system and looking to hold my trades for longer especially ones like this, a reversal just after NYO as New Yorkers might be looking to take this back up...Also my stop is tuck under the BRN for safety so hopefully will survive any break and retests..

Gonna go to work and see how this pans out today, this could be nice, might add if I catch it right on my mobile...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 72 KB
Feel the Fear and do it anyway!!!
  • #2,292
  • Nov 13, 2014 5:54pm Nov 13, 2014 5:54pm
Quoting moneyflow21
{quote} G'day Clive, Another reminder that you may have forgotten from one of your first posts... Only seriously consider the top 4 pairs on either side of the TTindy {1M or 5M side} since those will be the four strongest or weakest. And the Pound and Yen pairs have the highest Average Daily Range so those would be the best choices. Even the Kiwi and Aussie pairs can really rock and roll too! Your mate from the States
Hi moneyflow21, my mate from the states,

Great how these forums bring the whole world together, me from UK, Mr V. from South Africa, moneyflow21 from States, Ossiedave, now where was he from??? right little cosmopolitan gang here!!!

Thanks for the reminder my friend, I'm having a shaky 5 minutes whilst I get my head together. To be honest I've had a couple of weeks where whatever I did just worked so I think I got a bit too cocky... and very haphazard with my trading rules and discipline. The market decided to teach me a lesson and bring me back to earth with a bump!!

Never mind I'll get back up on it tomoz going to trade my way through it and post it all here for everyone to see.... Warts and all, lets see if I can't get this show back on the road???
Feel the Fear and do it anyway!!!
  • #2,293
  • Nov 13, 2014 6:43pm Nov 13, 2014 6:43pm
Quoting smartearn
{quote} thanks for posting the system .i have been following it a lot .it really working keep up the good work.pls can you tell if it can work for 1 hr to daily time frame pls ,cos i have tried it but i did not get the settings may be u can help me out
Hi smartearn

Hrly to daily is fine heres some charts for you with hrly signals. You can either trade the hrly top trenders on their own like NZDJPY chart below or wait for daily top trenders to appear in hrly TTs then trade those on the hrly chart but hold on daily candles.

Heres a couple of examples...

First USDJPY top trender in daily charts...

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Heres NZDJPY from the hrly TTs.

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Notice theres a losing CCI signal (red arrow) well when that happens I would wait for the next HL CCI signal before entering again eg wait for the uptrend to continue...

Oh and heres my settings for the TTindy, you could try it with ATR set to false and have a look at the charts see which one is setting up best.

Attached Image (click to enlarge)
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Just remember with the TTindy to check the trend is still in place and that the CCI signal you're entering on is proceeded with a clear AB leg taking out last high/low. remember trends do eventually come to an end so make sure you're happy its still trending strongly before entering.

Hope that helps...
Feel the Fear and do it anyway!!!
  • #2,294
  • Nov 13, 2014 6:55pm Nov 13, 2014 6:55pm
Just having a look at these hrly charts is this GBPAUD setting up for an hrly sell sifgnal at tomorrows LO???
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Click to Enlarge Name: GBPAUDH1.png Size: 91 KB
Feel the Fear and do it anyway!!!
  • #2,295
  • Nov 14, 2014 1:44am Nov 14, 2014 1:44am
Good morning Traders....

Getting some JPY weakness across the board and as GBPJPY top of TT then lets have a look at GBPJPY top of TTindy

Attached Image
Feel the Fear and do it anyway!!!
  • #2,296
  • Nov 14, 2014 1:54am Nov 14, 2014 1:54am
All 7 jpy pairs in my 5 min TTindy so looking at JPY weakness across the board and GBPJPY top of both so looking for an entry....
Attached Image
Feel the Fear and do it anyway!!!
  • #2,297
  • Nov 14, 2014 2:16am Nov 14, 2014 2:16am
JPY weakness on 5 min TTindy so worth a quick go on this break and retest of earlier range bit risky but went to BE quickly so lets see what happens??
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 54 KB
Feel the Fear and do it anyway!!!
  • #2,298
  • Nov 14, 2014 2:22am Nov 14, 2014 2:22am
Unfortunately pipped me out then went with out me, never mind there will be another one along shortly still 5 min JPY weakness...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 70 KB
Feel the Fear and do it anyway!!!
  • #2,299
  • Nov 14, 2014 2:43am Nov 14, 2014 2:43am
Not so sure about GBPJPY so lets have a look at this EURJPY top of 1 min TT...

Will it come back for a AAA+ entry????
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Feel the Fear and do it anyway!!!
  • #2,300
  • Nov 14, 2014 2:57am Nov 14, 2014 2:57am
Didn't come right back but CCI led the way so Buy Stop placed and away you go, not over confident as price hasn't flown off but at BE so can do what it likes now...

Maybe this move is getting tired??? been going for quite a while but I liked the strong AB move that proceeded this CCI signal so gotta go for it...
Attached Image (click to enlarge)
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Feel the Fear and do it anyway!!!
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