Trading is as simple as ABCD | Page 123 | 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

  • #2,441
  • Nov 26, 2014 6:14am Nov 26, 2014 6:14am
Looks like I might have fired up the old dragon calling her an old mule!!! ...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 65 KB
Feel the Fear and do it anyway!!!
  • #2,442
  • Nov 26, 2014 6:17am Nov 26, 2014 6:17am
Banked 33 pips to nearly double my tally for the day, wasn't gonna let her get away that time...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 65 KB
Feel the Fear and do it anyway!!!
  • #2,443
  • Nov 26, 2014 6:22am Nov 26, 2014 6:22am
Hi Clive

I'm the last person to really talk about holding on as I've got early exits on smaller TF charts down to a fine art. Exits depend on a lot of things but some items to consider, did you get in on the first move around London open, is the trend in place on say D, has the easy money been made i.e. has London moved up 100 pips so then switch to scalp mode, if London has moved are you in the pre-US open sideways junk then scalp mode, have you had a big run then an 85/15 or 15/85 move seeing the extreme of range holding??

If all else fails trade gbpaud be happy with the days it runs and don't worry about anything else.

Anyway hopefully I'll be over with house move early Dec when we can carry on discussions in more detail.

Clive for what its worth I have never felt better about trading/methodology and here I'm discounting the fist couple of years when I thought I had a clue but in hindsight knew enough to be dangerous.
  • #2,444
  • Nov 26, 2014 6:23am Nov 26, 2014 6:23am
GBP strength or what????
Attached Image
Feel the Fear and do it anyway!!!
  • #2,445
  • Nov 26, 2014 6:34am Nov 26, 2014 6:34am
Back in and at BE and hold on tight this could be a bumpy ride....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 65 KB
Feel the Fear and do it anyway!!!
  • #2,446
  • Nov 26, 2014 6:48am Nov 26, 2014 6:48am
Quoting Vantage
Hi Clive I'm the last person to really talk about holding on as I've got early exits on smaller TF charts down to a fine art. Exits depend on a lot of things but some items to consider, did you get in on the first move around London open, is the trend in place on say D, has the easy money been made i.e. has London moved up 100 pips so then switch to scalp mode, if London has moved are you in the pre-US open sideways junk then scalp mode, have you had a big run then an 85/15 or 15/85 move seeing the extreme of range holding?? If all else fails trade...

Yep as ever you've absolutely nailed it there. Look at the market conditions at the time of your entry, is it early in the move or late?? Hold if early scalp if late... Try to measure the strength of the trend you're trading too, basically are there any failed drives around?? did it take out last high/low cleanly without a pause??

Yep thats got to be the way forward, we're have to make a judgement call on the market conditions of the move we're in.

Won't get it right every time but it will give us a chance for sure...

makes perfect sense Mr V.

Oh and the biggest thing??? Live with your results whateevr they are, we ain't gonna get it right everytime.....

On that basis I just closed out for another 12 pips off of GBPJPY as in scalp mode as gone a long way already, just before NYO and its dreaded pre open kick... Plus it was struggling to take out last high...
Feel the Fear and do it anyway!!!
  • #2,447
  • Nov 26, 2014 6:52am Nov 26, 2014 6:52am
70 odd pips up today so round about 17% up on account... Not a bad days work ehh Mr V.????

Interestingly if I'd have been using my old 1% per pip risk I would of been 70% up, Hmmmm food for thought Mr V. food for thought..
Feel the Fear and do it anyway!!!
  • #2,448
  • Nov 26, 2014 7:01am Nov 26, 2014 7:01am
This is a Breakout setup if ever I've seen one, if it pulls back will take next CCI signal...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 68 KB
Feel the Fear and do it anyway!!!
  • #2,449
  • Nov 26, 2014 7:16am Nov 26, 2014 7:16am
The only way to safely trade a breakout is from this side of it and at break even just in case it don't go....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 63 KB
Feel the Fear and do it anyway!!!
  • #2,450
  • Nov 26, 2014 7:26am Nov 26, 2014 7:26am
Crafty little Dragon, thought I wasn't looking this time....This has gotta be the breakout... Just gotta be..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 61 KB
Feel the Fear and do it anyway!!!
  • #2,451
  • Nov 26, 2014 8:10am Nov 26, 2014 8:10am
Nope out at BE again due to news from USD surprised it effected GBPJPY quite so much, thrown it into disarray...

Oh well thats me done for the day better get off to work, before so long...
Feel the Fear and do it anyway!!!
  • #2,452
  • Nov 26, 2014 2:08pm Nov 26, 2014 2:08pm
Evening Clive,,,,

Just to fill guys in,,,Clive and i for 2 days have had skype calls and basically im totally sold on Clive`s method.
Having heard his method and watching him on skype and hearing just how passionate he is about this,i realised that i am doing the similar sort of thing.
Reading the posts in this group i could see a few things and knew why he was BE a few times etc so approached him with a few ideas and indicators i had.
i will say that the credit for all this is down to Clive,,,but hopefully giving him some input im hoping this can be made better and maybe profitable for all.
im hoping to i can included harmonic patterns too

so....

Clive i know your busy at this time by politely sitting with the other half and enjoying her cooking,,i thought id post a chart up
Clive has my email and skype details but for general trading contacts i have a different email

[email protected]
jason
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-11-26_2007_Eurusd_Renko.png Size: 92 KB
  • #2,453
  • Nov 26, 2014 2:39pm Nov 26, 2014 2:39pm
That looks like an interesting view. Will you be providing a template and indicators so we can examine the approach?

thanks,

buzzsaw

Quoting devontrader
Evening Clive,,,, Just to fill guys in,,,Clive and i for 2 days have had skype calls and basically im totally sold on Clive`s method. Having heard his method and watching him on skype and hearing just how passionate he is about this,i realised that i am doing the similar sort of thing. Reading the posts in this group i could see a few things and knew why he was BE a few times etc so approached him with a few ideas and indicators i had. i will say that the credit for all this is down to Clive,,,but hopefully giving him some input im hoping this can...
  • #2,454
  • Edited 11:19pm Nov 26, 2014 11:08pm | Edited 11:19pm
Quoting clivepackham
70 odd pips up today so round about 17% up on account... Not a bad days work ehh Mr V.???? Interestingly if I'd have been using my old 1% per pip risk I would of been 70% up, Hmmmm food for thought Mr V. food for thought..
Eeeer yes but when a couple of losing trades happen. Had another chat again with my hedge fund trader friend and I'll let you know what he said when we next chat.

Great trades though.

When did your profits come, around LO and US open?

When did the BE's come, after massive run ups and when pre US drift started? Do we need to over complicate this?
  • #2,455
  • Nov 26, 2014 11:15pm Nov 26, 2014 11:15pm
Quoting devontrader
Evening Clive,,,, Just to fill guys in,,,Clive and i for 2 days have had skype calls and basically im totally sold on Clive`s method. Having heard his method and watching him on skype and hearing just how passionate he is about this,i realised that i am doing the similar sort of thing. Reading the posts in this group i could see a few things and knew why he was BE a few times etc so approached him with a few ideas and indicators i had. i will say that the credit for all this is down to Clive,,,but hopefully giving him some input im hoping this can...
That's a lot of indi's there. Not knocking (because I have no idea what you do) but normally additional indi's either outright duplicate each other or add very little. You 100% sure that all 4 are necessary?
  • #2,456
  • Nov 27, 2014 2:05am Nov 27, 2014 2:05am
Buzzsaw

im currently testing it and when complete yes post it to the group

vantage

yes its a lot of indicators and as i said to clive...dont have to have them all.
currently testing them and yes could cut a few out.

im going to talk to clive and check something out...idea is to adopt clives brilliant method and maybe gain larger winners
  • #2,457
  • Nov 27, 2014 2:26am Nov 27, 2014 2:26am
Trouble with most indicators is they repaint.
me and Clive was looking at a trade last night and i tested it
i failed and got stopped out.
look at the 2pictures,,,,,you see price carried on falling.
i guess what i failed to see was the bottom indicator only has one turned colour,,,and i usually wait for 2 or 3 for confirm as it repaints
also i looked longer term (h4) on candles and it showed further decline.
anyway lesson learned
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-11-27_0002_cadjpy_midnight.png Size: 103 KB
Click to Enlarge Name: 2014-11-27_0817_Cadjpy_Morning_After.png Size: 96 KB
  • #2,458
  • Nov 27, 2014 2:58am Nov 27, 2014 2:58am
Having had thought and talking to Clive,,im going to respect the group and leave the system as Clive has designed it
i will of course continue to learn Clives method and not change it

its a good system that i like and am continueing to learn more

if anyone wants my template and indicators to try out away from this group please email me.

email is in post 2453

if any improvements are made please let me know

ill of course clear it with Clive before any changes to his system.

Full respect to Clive
  • #2,459
  • Nov 27, 2014 3:17am Nov 27, 2014 3:17am
Quoting devontrader
Having had thought and talking to Clive,,im going to respect the group and leave the system as Clive has designed it i will of course continue to learn Clives method and not change it its a good system that i like and am continueing to learn more if anyone wants my template and indicators to try out away from this group please email me. email is in post 2453 if any improvements are made please let me know ill of course clear it with Clive before any changes to his system. Full respect to Clive

Hi Jason

I'm pleased to hear you like my system I've spent a lot of time and work developing my 1 minute strategy, based on following the money and very much a price action strategy. I've been looking at renko this week as always keen to improve but to be honest I'm a price action man through and through.

If you don't mind I want to keep the basic strategy as simple as I can which does not include too many indicators. I believe just one , my CCI is enough to help with entries...

Might be best if you posted the renko stuff on Jaquemates thread , I will do the same, so we keep this thread based on price action, in particular 1 min charts but I don't mind higher timeframes as long as its based on my ABCD strategy....

Happy to have you along for the ride Jason just don't want to radically change my simple price action system...

Hope you understand just want to keep it as simple as ABCD....
Feel the Fear and do it anyway!!!
  • #2,460
  • Nov 27, 2014 3:29am Nov 27, 2014 3:29am
Will be popping out shortly for house moving stuff, anyway whilst this might go lower its held a couple of times but like I said will be out and happy to bank.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY+M1.png Size: 41 KB
7 traders viewing now