Trading is as simple as ABCD

With you all the way clive.

vantage has posted something interested....similar along my line.....longer cci

Nice one Mr V.

Haven't been trading myself much this morning got distracted and just couldn't concentrate any sense, had a first trade 7.9 pip loser on GBPAUD but a system trade. Nice AB move down crossing LWMA then a retest that just didn't workout, so quite happy with that but didn't want to start hitting trade after trade trying to make it up so just stood to the side for a bit to let price settle down.

never got going again and too late now....or is it????

Draghi speaking shortly so perhaps London session quiet because of that. But London quiet = decent US session normally.

Thats a 5 min 14 period CCI so he's keeping a keen eye on the 5min and trading the 1 min signals in line with it. Something we started with way back at the very start. I've sorted of short circuited it by using the 100lwma as you will notice when we get a zero cross on his 70 cci the 100lwma changes slope in line with it. CCi is giving him an earlier signal that things are happening on the 5 mins... Either way is good, as always it what suits each individual that counts...

One powerful way to use the 70 cci is when it starts to turn down(green candles getting shorter) then take the next 2 1 min CCI signals, would of worked perfectly here as you can see...from Mr V's chart, looks like he took about the 3rd one...

Excellent. Glad to see you haven't thrown out the repainters. They're in indicator of a potential trade that may occur if there are other confirmation signals. Most tend to throw them out because they change but the other way to look at them is as a warning system.

I look forward to what you two are able to discover.

Buzzsaw

Buzzsaw

as per my previous post

im respecting that clive wants to keep this group pure PA

im still looking at renko and clive method behind scenes with clive input

email.me if you wish to help but keep this group as clive has stated pls

Heres a late entry, early Tokyo entry but the EURAUD was 2nd in TTindy for 1 min and 5 min and strength 29 on TTindy so a nice strong trender so worth a shout I feel...

Will leave this on to run and go to bed as want to have a nice early start tomoz at LO to make up for todays lack lustre performance..

Nearly did a long winded post about trading from the top trender and waiting for the trend to develop but send a mile long skype message to Mr V. instead , nice little read for him first thing in the morning, wonder if he post his thoughts up here???

Well if he doesn't I'll do a post over the week end as I feel its very relevant to our strategy, which by the way I think is coming along really nicely...

Will post my thoughts over the weekend for all those sad forex traders like me without anything better to do..



Well that EURAUD trade is up 10 or so pips now so lets see if it survives the Asian session...

Just had a look at this renko chart and placed a TP at the 1.4785 level as bound to struggle past there...

Will be happy to but not likely in next few days. Getting the new house keys this morning then we are moving as much as we can ourselves in the hope that when the removal trucks do their thing on Monday we can just say furniture here there etc and we'll be 90% done instead of moving Monday and spending the next few days unpacking.

This was just a quick post car pack pre shower post!!

Its official moving house is high on the list of things never to do again.

Morning clive...morning guys

hows trading the LO?

Just reading posts about producing the rules etc on the strategy....why not produce a pdf with pics as reference?

Morning all bit late on parade today had a late night last night messing about with Sydney and Tokyo opens but to no avail. Had some nice entries and again could of grabbed a couple of orphans for 10 pips a piece but still in the hold mindset but thats always under review as you know... Final piece of the Jig-saw is the exits for this strategy, gotta feeling its going to be left to "market feel" at the time.

Looks like I missed a couple of nice moves on these 2 pairs they were top of TTindy when i turned on computer..





Had a bit of CAD strength across the board so makes sense to look towards EUR or GBP pair for the best response. I think thats going to play a major part in this LO strategy, looking at the TTindy and establishing the stronger currency then looking for an entry in the best pair for that currency. I'd say its going to be its GBP or EUR cross depending on its ranking in the TTindy plus how their charts are setting up for entry...

So the process will be....

 

1. Identify the strongest or weakest currency across the board.
2. Pick a pair from the TTindy thats in top 3. GBP or EUR pair.
3. Check their charts for which has the best market structure HHHL or LHLL and an overall good clean price action.
4. Wait for a clean quality entry on that pair.
   ​

That would form the basis of our market open or London Breakout strategy, looking for the mornings runner, if you like...

Now theres also a couple of other strategies where we can use the 1 min trends and thats a pre-news and post news trades where we wait to see what sets up before and after the news release..

Heres a little post news trade, not actually associated with the actual EUR news but the release just moved the GBPCAD down a bit and presented a nice little discount buying opportunity so I jumped on that, could be nice if the pre news trend continues with CAD weakness... time will tell..

OK going to keep an eye on the TTindy now see if a EUR pair presents itself with a post news trade...

Took 8 out of that GBPCAD had a reaction to the BRN, should of known really and closed out right on it, as can always expect a reaction of some sort at these BRNs...

Still 8's better than nowt thats for sure...

Back in again on that GBPCAD but its not really flying so not too confident about this move...Looks like he might be old news now dispite being top of 5 min TTindy, they're a fickle bunch these "Good old London Boys"....



Gonna have a look at a EUR pair see if the news helped???

GBPCAD might be faltering but the other pair 2nd in TTindy and strong all morning, AUDCAD is still pushing on strongly... even with the TTindy its still hard to pick the one thats gonna run in the morning, but we're get there...

Nice setup here on TT GBPAUD touch trade off of 100lwma..

Nope a loser for 14 pips there unfortunately and it shouldn't of been either went straight into profit on entry up to about 6 pips instantly but before I could get to BE it came back very quickly so i closed it out for -14 pips. Need to get my automatic entry ea working that would of saved me there as I'm just too slow that time to get my BE in place...

Oh well never mind looks like its coming down again now from the daily pivot looks like I might of paniced there but at the time it was moving against me so fast I just thought GTFO!!!!..

Looks as if I'd held that last sell i would of been alright in the end but when price moves against you that fast its best to just get out asap... but of course seeing price action like that I thought come back down and give me a HL and lets see if we can spin that loss around with a quick reversal....

Took the first one off at BE so had to go back in on next HL just a few pips higher but rather that than have a loser...

I like going to BE very quickly soon as I'm a few pips up, quite often means I get knocked off at BE quite a bit but it does stop losers coming too often and would of saved my last trade if I'd been fast enough...

My theory is on a 1 minute chart you nearly always get a second chance to re-enter if taken out at BE so can still get a winner but you NEVER get a 2nd chance when you lose.....

Took its time but we got there in the end, now hopefully this time its going to go????Got 2 choices I guess but as I'm at BE on both trades it can seriously do whatever its going to do...

I shouldn't really be messing about with it wrong time of day, just before NYO, not in my top trenders etc etc Thats something I need to work on, I tend to get involved with a pair rather than just watch the Top Trenders... Something to address going forward...

Both knocked off at BE yet again....

Hmmm somethings not quite right with my trading strategy??? Too many times I'm getting positive and letting it all slip back again. Its all in the mindset you know... Been chatting with Mike an experienced scalper who tells me its all about not worrying about what you might leave on the table , just make sure you take something out of every trade...

He says he never worries about whats left or cares what happens after he's banked... just couldn't care less..

He's right about mindsets , you have to be in the right frame of mind to just keep banking without a care. about what happens after. I think my problem is I see so many great runs that I think every trade I take is going to be a runner.. Of course the truth is that 70% of trades I get into go about 10 pips at most so shouldn't I be thinking "most of my trades are 10 pippers so take em"

Now if I can convince myself thats the case then it would be easy to just grab my little orphans time after time...Also when I look at even the good runners they invariably retrace within that trend about 70% of the time so would knock me off at BE anyway.

Now if I start to realise that then theres no point in holding for the bigger runs as they aren't happening very often and when they do I should just grab each momentum run bit by bit....

OK here's the deal I've just taken one last entry (about my 5th today) on GBPAUD and as I#'ve caught it early in the new uptrend I'm going to hold it... However if this doesn't workout then I'm going to just grab every momentum run and be done with it and just like Mike I won't give a monkeys what happens afterwards...

Knocked off again at BE , right, thats it!!! I've been up God knows how many pips in this GBPAUD bloody charade and end up with -11.4 because I had one loser and 5 BE's. What a joke!!! -No more dreaming about those bigger runs just gonna take whatever they give me and be done with it. Soon as I see them falter I'm out....

Lets see what I can get out of this GBPCAD trade????