Trading is as simple as ABCD

Hi Geanies

Many thanks for your kind words , its very much appreciated. Glad you enjoyed the webinars, I found it quite hard the first couple of days to adjust to the mindset of just trade as I normally do without worrying about finding a trade for the watchers, started "searching" for trades and as anyone whoose traded before knows, that just don't work....

But found my feet today, it helped enormously talking about my strategy and reinforcing my own strategy into my own head...Its a funny game this Forex lark...

Anyway thanks for taking the trouble to post your feedback really appreciate it..

Anyone else who watched it today please feel free to post your thoughts, criticisms, compliments suggestion etc ...

Hi Clive, i recorded some of your webinar today with the aim of watching it over the weekend as i had some work related study to do this morning so couldnt sit at the screen for long. Im glad you are getting used to trading with us watching you. I look forward to getting stuck into demo trading ABCD next week.

Thanks again, Max.

Hi Max

great to have you along for the ride and yes I certainly enjoyed getting back into my natural stride today and catching some winners. Think I was trying too hard yesterday...

Mind you it wasn't only me that traded well , what about Andres 43 pip winner from the very same GBPJPY trade as me, but I only got 18 pips out of it!!!!

All good fun and looking forward to a similar day tomoz with a bit of luck...

Well just a quick update for all thosse guys who couldn't get to my "Live Trading" webinar today, you don't know what you've missed. I made just over 200 pips today and added about 40% to my demo account... Good to do after my nightmare day yesterday, searching for trades and having about 3 or 4 losers on the trot. But not today I think I had one small loser for about 6 pips , one of my old "I don't want to miss out" fear trades.... and 5 winners one worth a staggering 149 pips in about 1 minute!!!! More luck than judgement to be honest as caught a news spike my way....

But don't worry if you missed it because I will soon be posting it on youtube for all to watch in all its glory warts and all...I wanted to load it up here but its too big a file for FF...so soon as my son Tom has got a spare five minutes he's gonna help me load it up on youtube...

But better still than watching a video why not come along to my next one starting at 06.30 hrs tomorrow morning???

heres the registration link, http://www.anymeeting.com/PIID=EB52DA80804B3E just register here and then you will receive a webinar link that will get you into every one I run for the rest of the year...

You can come and go as freely as you like...

I'm even considering running some webinars just aimed at teaching my 1 minute strategy to anyone who's interested , all totally free of course...if you register you're get an invite... Happy trading

Hi Clive,

If I trade in 5 min chart, should I use 40 setting for CCI ?
Same way, If I trade in hourly chart, what setting should be ?


Thanks.

Hello Clive, good webinar you have going, this really helps! One lill thing you might consider, is the use of an indi to mark your trades instantly (without having to drag them on the chart), easier to follow and for reference.
Thanks and keep it going!!

Well done, Clive; got your rhythm back.

We've had some storm activity the last few days and unfortunately my internet at home is down at the moment, so I've missed last night's webinar again. Hopefully I can join you again tonight.

Hi Navk

Basically its about personal choice but if you're asking me , do I change the CCI setting depending on the timeframe I trade then the answer is no. I use the 8 CCI for all timeframes but that does give me a lot of signals so I have to decide which ones quaify for me as a good signal to take.. However if you use a higher lookback period say a 14 CCI then you won't get so many signals but they are more reliable. lastly you might go as high as a 20 CCI but again you get less overbought/sold signals but they are again more reliable..

So its basically a trade off on sensitivity against reliability.... I have posted a chart below of GBPJPYs earlier run with all three settings on the same chart 8,14 and 20.



Now can you see how the 8 cci is giving great oversold signals with the cci regularly going over -100 to signal an entry setup however the 20 cci only gives maybe onw signal right at the end??? So for a strong trender like gbpjpy I'd say use the 8 cci but for something like the GBPNZD or EURNZD that are very volitile maybe use a 14 or 20 cci. To be honest its about trying the different look back periods on different settings for each pair to see which gives the best signals then use that...

So its more about choosing the right setting for the right pair and tuning it into that pairs harmonics rather than changing them depending on the timeframe you're using.

Theres a guy called Woody who is an absolute wizz on CCI even designed his own who uses 14 all the time so I would say he knows what he's taliking about...you won't go far wrong with a 14 but as we trade strong trenders all the time I tend to use the 8 CCI otherwise we never get any overbought or sold signals..

However if you meant which to use for trading one minute charts and putting the CCI on so you can see the higher timeframe charts aboves waves then I would use a 14 for my base and work from there so 14 on 1 min then 14x5=70 for 5 min and 14x15=210 for 15 min then you're trading the 1 min chart with the 5 min and 15 min CCI to see the 5 min and 15 min waves...

Chart attached below...Now what you're looking at is the 1 min chart with the 14min CCI from the 5 min and 15 min. Trade the 15 min moves taking 1 min entries...Take the opposite 1 min signals against the 15 min trend CCI. For instance in this strong uptrend the 15 min is green so buy the 1 min CCI red signals (oversold) pullbacks in a strong trend you see...

Hope that helps , if not come to webinar and I can answer wit the use of charts to illustrate better...

Thanks a lot. Great explanation and you mind my question seriously and answred.

My thinking to use is the last pargraph, where you said, MTF setting.

Once again thanks.

The trend line, setting you use 50, is this EMA or SMA ?

Clive,

Thanks very much for the thread and your explanations. I got in on the webinar just as you got started and was able to follow for about an hour before I had to get about 4 hours sleep. I was amazed that you were still going when I got back to the computer. I look forward to seeing what I missed and replaying anything that isn't clear the first time through. Being on this side of the pond is a killer for trying to trade the LO. Again, thank you for your assistance to others.
TK

I might have to stop doing the webinars guys and get some money together and just get on with it...

Doing better now I'm out of the webinar.....

Nice trade.

I think I'm gonna have to have a little thought about doing these webinars as I've just squeezed ....163.2 pips from GBPJPY this afternoon from the NYO so made up for my LO trades in the webinar. It charged up all afternoon but then it reversed as the "Good Old London Boys " get ready to go home...



I really love doing those webinars but I think I get distracted with all the chatting etc. All good fun but obviously not very good for my trading.. I spent the first hour talking about higher timeframes then got myself in a right mucking fuddle...

I've just got to stick to doing it my way and be done with it. Soon as I start looking at those higher timeframes I'm knackered... Just doesn't work for me think I'm gonna just stick to what I know best my beloved one minute chartsand be done with it...

Soon as I, as much as glimpse at a 5 min chart I'm done for.....Brings too much indecision into my trading, I question every entry I take...Start doubting myself and my system... I don't know why just doesn't work for me full stop...

I know theres loads of guys out there who who swear by those longer term charts but my simple brain just can't cope with it all, I like it simple. Its either going up or its going down. Find yourself a strong trend then buy the dips in an uptrend sell the peaks in a down trend. Simple as that..

Simple as ABCD...

So don't talk to me about higher timeframes ever again, just leave me alone to do it my way, with my beloved one minute charts,,,

Like Claire always says I am .... "The One Minute man"

Good man Clive. I know you want to help and give back and stuff, but at the end of the day, it cannot hurt your own ends to do so. Nice recovery this afternoon! I see you changed your LWMA to 34. Very tight. It looks good in hindsight and you obviously took good signals this afternoon from it. Good on ya!

Chin up, pip pip, cheerio and all that other English stuff....Pretty good for an American huh?

Looking forward to Monday, in the threads.

Hi Clive as usual i had to run after watching some of the webinari it was great offcourse looking forward to the recording when it is up on youtube.

Best regards

Clive look at the image.

This trend indicator draws better.

As long as the colour of trend line not changed, one can look at CCI over bought to sell.

See the difference between 34 LWMA and my trend indicator.

Hey Clive,
subscribed to FF because of you, to tell you what a good man you are !!
And believe me, I have seen and heard a hundred of self-appointed trading "masters"

I am glad you are a nice and calm person, able to help and teach very well.
Ok, that said now to your webinars and what they do.

Of course you can`t trade like you are alone and concentrated and nobody of the small nice group is expecting
free 100 pip-trades to follow and get rich in a month...
And nobody wants you to trade higher TF, I am sure about that. When we chat with you, we want to help to make things easier and maybe a bit better for all of us.

For example finding more "nippy" (I guess thats british) settings for the (at all lagging) ma`s to get earlier in better trends and trades.
(Glad you switched to 34 ma, looks way better to me) as long as price doesn t close outside it, no need to be alarmed.

Oh and another thing: It is never about being right when I say something, (one of the biggest mistakes of human kind) it is about being objective and get to be a good trader as soon as possible (at least my opinion)

Of course stick to your system and go on with that good teaching about ABCD and that price only can go up or down and all we have to do is follow the trend and momentum.

And please stay "open" for suggestions. As you know, sometimes we miss a little detail and somebody else knows it like his back of the hand...

I don`t know how you could handle webinars and trade at the same time ( I couldn`t do it) but you have to see that members ask why aren t you do that or this, normal isn`t it. Nobody wants to bring you off your good way.

Maybe you can make between strict trading webinars, one or two about the biggest problem in trading: Fear, and how to overcome it. Of course allowing discussion and opinions to put together many brains and find a solution...

My first step for that was: Trading real money (micro account will do) because you can t learn playing football like Roney or what ever his name is, by talking about it on the side of the football field, can you ??? You have to get dirty, smacked and feel the pain to lose and the hunger to win.

I can tell you, a whole different story goes on in the head.

If anybody is interested to find out more about CCI and why this indi is one of the best, I will do some posting about it. (As soon as I found out how to post screenshots, lol)

Anyway, thank you again for everything!

Wolfgang

post the indicators and we can all test them.out and give clive feed back

Ditto. Let's all have a look at it.