Trading is as simple as ABCD | Page 118 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gartley/bat/crab/butterfly/abcd/three Drives Pattern Indicator Help 50 replies

Abcd fibo retracement trading journal 109 replies

ABCD - My way 122 replies

ABCD Fibo 82 replies

abcd patterns 1 reply

Attachments: Trading is as simple as ABCD
Exit Attachments

Trading is as simple as ABCD

  • #2,341
  • Nov 18, 2014 2:42am Nov 18, 2014 2:42am
Quoting Vantage
{quote} 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.
Yes this hasn't quite got the feel for a BOJ move when everything in its path gets gobbled up to fuel the BOJ greed, but its pushing higher bit by bit. Locked in 5 pips so I don't come away with nothing and will trail up each little step higher it takes, see where we end up...
Feel the Fear and do it anyway!!!
  • #2,342
  • Nov 18, 2014 3:07am Nov 18, 2014 3:07am
Took 11 out of first run but got back in just in case its not finished yet, now I can let it run this time see what I get..
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 55 KB
Feel the Fear and do it anyway!!!
  • #2,343
  • Nov 18, 2014 3:07am Nov 18, 2014 3:07am
Quoting clivepackham
{quote} Yes this hasn't quite got the feel for a BOJ move when everything in its path gets gobbled up to fuel the BOJ greed, but its pushing higher bit by bit. Locked in 5 pips so I don't come away with nothing and will trail up each little step higher it takes, see where we end up...
Did you notice nzd had 4/5 in the top 8 on TT?
  • #2,344
  • Nov 18, 2014 3:10am Nov 18, 2014 3:10am
Quoting Vantage
{quote} Did you notice nzd had 4/5 in the top 8 on TT?
Nope once I get a pair in my sights and it deosn't give me a sign its done then I tend to stick to it. Very often to my detriment, but this time ok. It pulled back and even though it dropped out of TT it hadn't gone past last supply point so thought I'd try it again. 2nd in 5 min too so not too bd..
Feel the Fear and do it anyway!!!
  • #2,345
  • Nov 18, 2014 3:19am Nov 18, 2014 3:19am
BRN 146.00 so took another 17 pips out there, much better run from that 100lwma touch...

Now enough should be enough but that last AB move is very positive... Mind you news coming up on GBP so I see theres been some GBP weakness about pre-news..

Time for a cuppa...
Feel the Fear and do it anyway!!!
  • #2,346
  • Nov 18, 2014 4:10am Nov 18, 2014 4:10am
Well had a nice cup of tea and sat back down to see that EURJPY pushed on yet again dispite having gone 100 pips today...

I always say to anyone who wants to listen, the TTindy on its own is not a trading signal... Just because a pair is top of the TTindy doesn't mean its OK to trade it. As I regularly state here, "The trend is your friend until it ends" Well we need to know whether or not our top trender has finished or rather weakening? Will the trend continue?

Heres something that I'm looking at nowadays which is working well as demonstrated by EURJPY today. When you first look at a Top trender pair check the AB move if it clearly takes out the last push higher or lower then look to take the BC move as an entry. Take profit at D and then if another good AB take it again. The strong AB moves are the secret to me that the strong trend is still in place....

Attached Image (click to enlarge)
Click to Enlarge Name: Strong AB confirmation of strong trend in place stil.png Size: 65 KB


And if you want any confirmation that the trend is strong have a look at whats happened since...

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 62 KB


Now I know thats news related but that reminds me of another strategy to use with my 1 minute charts, pre-news trades, I am convinced "The good old London Boys" get a heads up on forth coming news sometimes and position themselves accordingly... Again its using the 1 minute trends to follow the money...
Feel the Fear and do it anyway!!!
  • #2,347
  • Nov 18, 2014 4:27am Nov 18, 2014 4:27am
Quoting clivepackham
Well had a nice cup of tea and sat back down to see that EURJPY pushed on yet again dispite having gone 100 pips today...
Here is my EURJPY chart. You can see in the bottom left corner that the avg ADR is around 150. Moving 100 pips is nothing.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 45 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #2,348
  • Nov 18, 2014 5:04am Nov 18, 2014 5:04am
Quoting capstone
{quote} Here is my EURJPY chart. You can see in the bottom left corner that the avg ADR is around 150. Moving 100 pips is nothing. {image}
Yep thats true I guess I really meant in my head I'm saying its gone far enough for LO but of course its not hit its adr yet so why shouldn't I keep trading it??? Also my charts were saying buy still as the AB moves were still strong and advancing strongly on each push, so even if it had hit its ADR with the price action showing strong AB's I should continue buying the pullbacks BC moves...

just hard to do when its already moved a 100 pips, thats all I meant....
Feel the Fear and do it anyway!!!
  • #2,349
  • Nov 18, 2014 5:11am Nov 18, 2014 5:11am
I definitely understand that! That is part of what goes into my CT thoughts when I take those trades...
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #2,350
  • Nov 18, 2014 5:18am Nov 18, 2014 5:18am
Quoting capstone
I definitely understand that! That is part of what goes into my CT thoughts when I take those trades...

Exactly!!! Thats the problem isn't it?? We just can't accept it will keep going so we either look for counter trend trades because we believe its done enough or like me today we stop taking our setup in the belief its gone far enough already and miss the best trade of the day...

Our beliefs are standing in the way of us just trading the price action we see....see a strong AB move then trade the CD move simple as that..

Made 27 pips about 7% in the end from a news related day so pleased with that

Anyway I gotta go to work and try to earn some money to fund my live account asap...

catch you later..
Feel the Fear and do it anyway!!!
  • #2,351
  • Nov 18, 2014 5:22am Nov 18, 2014 5:22am
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #2,352
  • Nov 18, 2014 5:46am Nov 18, 2014 5:46am
Very last post today but just spotted this EURAUD reversal setup, top of both TTindys but opposite colours. Thought I'd post it and see how it turns out when I get home...
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm1.png Size: 54 KB
Feel the Fear and do it anyway!!!
  • #2,353
  • Nov 19, 2014 1:37am Nov 19, 2014 1:37am
GBPJPY looking like a possible reversal on 15 min at yesterdays high but 1 min showing no signs of a reversal yet so bought the pullback of a strong AB move, straight to BE so lets see if it goes off of yesterdays high???
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 71 KB
Feel the Fear and do it anyway!!!
  • #2,354
  • Nov 19, 2014 3:46am Nov 19, 2014 3:46am
Took a GBPAUD trade early on perfect system trade off of 100lwma and got about 20 odd pips up before news and as there had been some obvious GBP strength held it through news expecting a positive move due to pre news GBP strength, "The good old London boys" theory and hey presto it worked!!!

Quite keen to hold this today at least until LWMA changes colour ....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 61 KB
Feel the Fear and do it anyway!!!
  • #2,355
  • Nov 19, 2014 4:08am Nov 19, 2014 4:08am
Gotta go to work again today gotta get myself some money to trade before so long...

This GBPAUD trade is still pushing higher so happy to leave it on maybe we've got another 100 plus pip trade from a 1 minute chart coming up??? Who knows??? Might hold it on the 100lwma turn???

Been looking at Renko charts overnight on a new thread by Jaquemate and its interesting stuff, maybe I should hold this off of the renko chart???

Very interesting times and though I'm still not sure on my exit strategy , I am 100% know my entry strategy for sure...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 59 KB
Feel the Fear and do it anyway!!!
  • #2,356
  • Nov 19, 2014 4:17am Nov 19, 2014 4:17am
Just banked 109 pips from that move, maybe I should of held it on lwma but I got a feeling its gotta pullback sooner than later so lets take it now and if it pulls back later get back on...
Attached Image (click to enlarge)
Click to Enlarge Name: banked 109 pips.png Size: 57 KB
Feel the Fear and do it anyway!!!
  • #2,357
  • Nov 21, 2014 4:04am Nov 21, 2014 4:04am
Morning Clive. It's been a couple of days since you have posted a trade. Everything alright? Getting that live account going?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #2,358
  • Nov 21, 2014 6:44am Nov 21, 2014 6:44am
Quoting capstone
Morning Clive. It's been a couple of days since you have posted a trade. Everything alright? Getting that live account going?
Hi Cappers

Yea I'm fine just working my butt off trying to get some extra cash together for that "live" account, watch this space my friend...
Feel the Fear and do it anyway!!!
  • #2,359
  • Nov 21, 2014 7:06am Nov 21, 2014 7:06am
Quoting clivepackham
{quote} Hi Cappers Yea I'm fine just working my butt off trying to get some extra cash together for that "live" account, watch this space my friend...
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #2,360
  • Nov 21, 2014 10:05am Nov 21, 2014 10:05am
Caught a nice move here, quite hopeful this might go a fair way this afternoon as its in free space caused by the 200 pip drop this morning... A nice 50% retracement coud be worth 60 pips and a 61.8 retracement nearly 100 pips...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 52 KB
Feel the Fear and do it anyway!!!
2 traders viewing now