Trading is as simple as ABCD

Very late to the party this morning dropping off doc's for the sale of house.

Very disappointed to have missed the system buy around 181.60 but did get this. Out at +22 for 7%.

Very nice V. I took the EURJPY. Obviously, you took the pair that moves more. Nice one.

Haven't had much success this morning everytime take an entry get to BE and straight out. Just not picking the right ones today...

Been very aware for sometime that the TTindy does get me to the party a bit too late sometimes as price has usually done 30 to 50 odd pips before it appears top. Also I've always said the best place to enter a trend is on the first pullback, leading to much higher RR's .

However its a risky strategy to just keep taking the 1 min first HL's or LH's as you're right into the teeth of a strong trender.. However I have been looking into this more and more as the potential rewards for a low risk entry are enormous.

So I started to look at identifying some higher timeframes levels where I could fully expect a reversal to take place. For instance hrly support levels like this one this morning on GBPJPY... 181.10 has provided strong support twice in the past, so seems reasonable to expect a similar reaction today. Now if it was to happen then could we trade it on the 1 min by taking the first HL??? Low risk entry 10 to 20 pips max with a high potential reward...



So we can expect a reaction if the hrly boys are watching that level. All we have to do is watch our 1 min for signs of a trend reversal eg first HL or a momentum swing upwards on our CCI. Something like this...



The point is its a very low risk entry with a high RR potential. This particular trade has gone 70 pips without showing much sign of slowing down and presented another couple of system entries to boot. Now also as the GBPJPY has already well over its ADR for the day , could this be the low of the day we've caught?? Just hold it until 100lwma turns red again...

Just an idea I will be looking into over the coming weeks, not giving up on my TTindy but theres more than one way to skin a cat!!!

Nice one Mr V.

Not one winner for me this morning, going through a bit of a scarce patch but I'll come out the other side, tomorrows another day...

Off to work catch you all later...

It happens to the best of us mate. Chat tomorrow. Monday and Friday mornings can often be a bit iffy.

Hi guys, I'm probably blind but i'm looking for Trend CCI it and I cannot find him. Can somebody help me?

Hi Maxtill

Here you go...

Tnx alot

Seriously Clive you need to delete that guys post and picture and get that nonsense off of your beautiful thread...

That has absolutely nothing to do with your entry method or techniques!

Hi moneyflow21

Don't worry all in hand and thanks for your concern, much appreciated..

OK lets have a quick look whats going on today...

News wise it could be tricky today with Gov Stevens speaking at 08.25 to upset AUD pairs , GBP news at 09.30 and EUR at 10.00hrs so with 3 of our main currencies having news events its looking pretty difficult to manouvre around today, just gonna sit back and see if anything kicks off from all this news today maybe trade next hour if any strong pre-news moves but other than that a very tricky day where one might say, as far as 1 minute goes, better to stay away...



Gonna watch from the sidelines a bit see what moves when...

As for the current state of affairs ...



Bit of JPY weakness overnight but now a bit of CAD strength developing so watching for a quick entry in these 4 pairs..



Thats about it just be careful around all these news releases, probably better to sit back and do a bit of post news trading as its affects hit the market...

Good luck, happy trading..

Hmmm in and out in a flash on EURAUD but again GBPAUD might of been the better horse???

Staying away from AUD pairs after that last little excursion and AUD speech only 30 mins away so lets try EURJPY top of TTindy and EUR news 2 hrs away...

Hmmm got about 6 or 7 pips up then came back to me for a BE, mind in hold mode again but the higher probability is "orphans grabbing". Just have this positive expectation every entry is going to fly!!! That old devil "Fear of missing out", rearing its ugly head again...

still fancy this EURJPY and coming back to LWMA nicely....

If at first you don't succeed....

Nope but EUR strength right across the board and JPY weakness nice combination...

Something feels good about this EURJPY today so lets give it another chance..

Hmmm thought so but where's it heading??? Fair bit of space in front of this move if it goes it could be nice or am I going to regret not grabbing my orphan????

Looks like I might regret not grabbing my little orphan but looking at this 5 min chart I'm thinking there's about 50 pips to run here..

Time will tell...

For what its worth my ej analysis for today was yesterday a weak negative close in uptrend, couldn't close below D 8lwma, so bias up. 1hr coming into LO positive. We are hovering around the Dec '13 high which could cause a few problems as that was a major top.

Bias up for ej, the problem now is IF the BOJ has decided that at these lofty levels they have done what they set out to do then what next?????? Foot off the pedal or are they wanting to get back up to 1.55-1.67.