Attachments: Trading is as simple as ABCD

Trading is as simple as ABCD

#2,561
Dec 2, 2014 5:06pm Dec 2, 2014 5:06pm

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Quoting GodFire

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Hi Clive, Was a nice day wasn't it? On your TTindy what do you consider as a "good number" for a nice trending market.... Hope you understand my question BTW: have a look also on the eur/hkd chart. Very BIG moves and only a spread about 7-15 pips.

Ignored

Hi Godfire

Yep it was a good day but I find we have quite a few "good days" here as we are only trading strong trending pairs. Thats the essence of this strategy only trade strong trending pairs.... I know I say it a lot here but honestly guys thats all its really about. Get yourself a pair thats either driving straight up or falling off the page and its a doddle to trade and lets face it, on one minute charts theres a pair doing that at one time or another every day...

We even know approximately when they are going to happen, around market opens when the money comes to the table...

Anyway I digress from your question sir. I would say anything over 20 is tradable but of course in line with my abswer above the stronger the better so over 30plus is good really good. But heres the bottom line with the TTindy , trade from the top 3 if you can because it means of the 28 pairs it monitors its saying "These are the boys that are moving"... Don't waste your time else where..

Lastly on the question of pairs like eurhkd I think its fair to say that spreads a bit too strong for me even if its a big mover thats a lot to catch up as Devontrader says. I tend to stick to the 28 pairs we have thats enough choice for me and the worst spread is about 3 with many below 1 pip. I will say its best to trade the biggest movers with an eye to the spread as well. However I don't pick a pair because its got low spread because low spread or not if its not moving it ain't any good no matter how low its spread is.

very lastly on that issue of spread I know a lot of guys trade eurusd and gbpusd because the spread is low but the pairs that I trade , the strong trenders, are going 20,30 even 100 pips sometimes and if we start developing this hold half bank half phlosophy we could be quids in like my big day when I got 678 pips from one pair in a day...

So I'm just gonna finish off this low spread issue very simply, yep if its a strong trender I'll trade it almost regardless of its spread but if it ain't trending I ain't trading it, full stop....

Feel the Fear and do it anyway!!!

#2,562
Dec 2, 2014 5:16pm Dec 2, 2014 5:16pm

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Quoting cescof

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{quote} Hy and thank for precious suggest... One more question cause maybe i ve lost one indi. When you talk about Cci signal are you refer to histogram or you have an indi to draw arrow signal as the cghart you posted? Stay green Regards

Ignored

Hi again cescof

Yep thats the CCI histogram that I'm referring to about the CCI signals , I mean by a signal when its momentum has gone over a 100 level and then starts to swing back the other way eg cci candles are getting smaller, thats a signal some say when it crosses back below 100 level which is fine just a bit more cautious but fine either way.

As for the yellow arrows yep thats my very own trade entry indicator and it is available to buy at a cost of £1.000,000 .... Because that indy is me

Sorry Cescof just having a bit of fun with you, no thats me I'm afraid putting those arrows on for illustration purposes but you can see then easily enough look at the vertical lines and you will see the CCI signals I'm marking with the arrows...

Gotta go guys off to bed early bird catches the early worm....

Feel the Fear and do it anyway!!!

#2,563
Dec 3, 2014 12:55am Dec 3, 2014 12:55am

cescof
Joined Jun 2013 | Status: Trader | 1,006 Posts

Quoting clivepackham

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{quote} Hi again cescof Yep thats the CCI histogram that I'm referring to about the CCI signals , I mean by a signal when its momentum has gone over a 100 level and then starts to swing back the other way eg cci candles are getting smaller, thats a signal some say when it crosses back below 100 level which is fine just a bit more cautious but fine either way. As for the yellow arrows yep thats my very own trade entry indicator and it is available to buy at a cost of £1.000,000 .... Because that indy is me Sorry Cescof just having a bit of...

Ignored

Ok no problem at all....thanks
Regards

#2,564
Dec 3, 2014 2:49am Dec 3, 2014 2:49am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

EUR weakness across the board so took this EURJPY but very aware of the weekly pivot so wouldn't be surprised to get a strong pullback from there...

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Feel the Fear and do it anyway!!!

#2,565
Dec 3, 2014 2:52am Dec 3, 2014 2:52am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

So its one minute against the weekly now whoose gonna win that ginormous battle????

Whoose your money on????

Feel the Fear and do it anyway!!!

#2,566
Dec 3, 2014 3:15am Dec 3, 2014 3:15am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Gave up my 10 pips there tried a break and retest of the weekly level but with the power of hindsight I just got carried away there with the momentum of it all... That was too far stretched out with my entry 25 pips away from my LWMA I know thats too risky but didn't want to get left behind....

Never mind can't win em all but heres the most important part just gave up a measley 10 pips, keeping my losers small. You see the only thing that I can actually control is the size of my losers, everything else is up to the market.. I can't control how big my winners are thats down to the market . Nope all I can do is control the size of my losers....

Thats where good money management comes in keeping my losers or risk under control but letting my winners run as far as possible until they falter..

That way I'll get bigger winners than my losers and to be honest thats all its about, bigger winners than your losers, simple enough but not easy....

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Feel the Fear and do it anyway!!!

#2,567
Dec 3, 2014 3:17am Dec 3, 2014 3:17am

civilpes2001
| Joined May 2013 | Status: Full Member | 274 Posts

always big boys win.... weekly pivot wins for the time being

#2,568
Dec 3, 2014 3:41am Dec 3, 2014 3:41am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Quoting civilpes2001

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always big boys win.... weekly pivot wins for the time being

Ignored

Ha Ha I would agree with you 100% that "always big boys win" but the question is ??? Who is the Big Boy??? The 1 min or the weekly??? That is the million dollar question???

But yep round one to "The Big boys" .....But the fight continues....

Feel the Fear and do it anyway!!!

#2,569
Dec 3, 2014 3:55am Dec 3, 2014 3:55am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Ok back to my old favourite GBPJPY after a positive news release for GBP can we expect a bit of a spurt from GBP???

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Feel the Fear and do it anyway!!!

#2,570
Dec 3, 2014 4:08am Dec 3, 2014 4:08am

Clipi
| Joined Jan 2014 | Status: Trader | 482 Posts

I like this system!!

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#2,571
Dec 3, 2014 4:18am Dec 3, 2014 4:18am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Quoting Clipi

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I like this system!! {image}

Ignored

Great trade lovely strong AB move broke resistance pulled back to old resistance and away brilliant absolutely spot on.....break and retest of 186.75 level...love it

See the earlier one too??? Exactly the same break and retest of previous high , yep spot on my friend absolutely spot on....

Feel the Fear and do it anyway!!!

#2,572
Dec 3, 2014 8:24am Dec 3, 2014 8:24am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

All quiet on the western front been out this morning for a job interview to go back to being a Financial Adviser so hopefully that will come good... meanwhile I did leave a GBPJPY trade on under control of my trade manager EA and thats made me a nice little 18 pips so made up for my earlier loser... Now looking for our first opportunity this afternoon...

TTindy not showing any strength or weaknesss across the board so lets sit back a bit and see what transpires....

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Feel the Fear and do it anyway!!!

#2,573
Dec 3, 2014 8:43am Dec 3, 2014 8:43am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Was just looking at shorting this EURNZD as it was top of the TTINDY but noticed it had reached the 1.5800 level which has provided good support before also noticed a HH so thought I'll buy that bounce so I did...

This is just another way to read the TTindy when its moved quite a way and right on its adr then worth a shot I feel...had about a 12 pip stop on EURNZD so can't be bad...

Not exactly a system trade with the trend but a very good chance to get in early in the reversal with a small risk entry...I'm constantly looking for low risk entry points and get myself to BE quickly hopefully I've caught a high flyer nice and early...

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Feel the Fear and do it anyway!!!

#2,574
Dec 3, 2014 8:57am Dec 3, 2014 8:57am

capstone
| Joined Jul 2010 | Status: Trader | 1,319 Posts

Quoting clivepackham

Disliked

Was just looking at shorting this EURNZD as it was top of the TTINDY but noticed it had reached the 1.5800 level which has provided good support before also noticed a HH so thought I'll buy that bounce so I did... This is just another way to read the TTindy when its moved quite a way and right on its adr then worth a shot I feel...had about a 12 pip stop on EURNZD so can't be bad... Not exactly a system trade with the trend but a very good chance to get in early in the reversal with a small risk entry...I'm constantly looking for low risk entry...

Ignored

Be careful of those counter trades, they can be kind of touchy, lol. Take it from someone who knows.

Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.

#2,575
Dec 3, 2014 9:24am Dec 3, 2014 9:24am

Clipi
| Joined Jan 2014 | Status: Trader | 482 Posts

Another...

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#2,576
Dec 3, 2014 9:32am Dec 3, 2014 9:32am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Quoting Clipi

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Another... {image}

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What a beautiful chart ABCD's after ABCD's, don't they show up well on these renko charts, a perfect match made in heaven...

Just to make a point here's the same chart without Renko, now I ask you whats easier to trade???

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Feel the Fear and do it anyway!!!

#2,577
Dec 3, 2014 9:40am Dec 3, 2014 9:40am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Quoting Clipi

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Another... {image}

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just tried my renko chart on GBPAUD and doesn't look as neat as yours what settings are you using on your renko expert???

Feel the Fear and do it anyway!!!

#2,578
Dec 3, 2014 9:55am Dec 3, 2014 9:55am

Clipi
| Joined Jan 2014 | Status: Trader | 482 Posts

Quoting clivepackham

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{quote} just tried my renko chart on GBPAUD and doesn't look as neat as yours what settings are you using on your renko expert???

Ignored

the same of you, 3, 0, 2, true, true, false in a 1min TF...