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Trading is as simple as ABCD

  • #2,881
  • Dec 16, 2014 3:34pm Dec 16, 2014 3:34pm
Quoting devontrader
well guys ive totally gone price action just as uncle clive told me to ,,,well twisted my arm lol ive deleted all indicators bar 1and clives method ones here is a current trade im in on gbpjpy,,,could have banked a winner for 60+ pips but am trailing and a sure winner im sure a little tweak needed and i am working on tweaking a money management spreadsheet to use too what im doing is trailing my stops on the prior swings ,, so in this case the prior swing low {image}
Nice one Jason, great trade..

Is that a candle I can see on your chart??? Well almost ???

I would normally say just be careful about the time of day.. I've always said its really important to use this strategy around market opens however as we can see from your trade it can work anytime as long as the strong trend is there, GBPJPY is 125 on TTindy so nice strong trender...as per chart below..

Attached Image (click to enlarge)
Click to Enlarge Name: Strong trender anytime works.png Size: 63 KB


The secret of trading is to trade strong trenders simple as that no matter what time of day ...
Feel the Fear and do it anyway!!!
  • #2,882
  • Dec 16, 2014 3:55pm Dec 16, 2014 3:55pm
just thought id show you up to date chart
currently up 71.9 pips but it could have been a little more but for a stupid trade i took and gave a little back

anyway

as you see on the ttindy i have 5,15,30,60 ,,,i just got to make sure the look back settings are correct

i like to see the longer term action so i know i can trail the stops and let the trade run

interested to know what people think of the new swing indicator im testing out asa confirmation to cci
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-12-16_2151_gbpjpy_m5_clive.png Size: 90 KB
  • #2,883
  • Dec 16, 2014 3:58pm Dec 16, 2014 3:58pm
Quoting clivepackham
{quote} Thanks glad to hear it and iut gives us plenty of trades too... I see you say pre-market open?? Thats interesting as I'm thinking its best left till after the market opens then have a look at the top trenders. Basically waiting till the money starts to hit the table giving us a clear indication as to where its going.. What do you think about the timing????
Hi Clive,

If you'll notice 1 to 1 1/2 hours before the open major investors (Banks & huge Investors) will start positioning themselves in anticipation of the market open.

I noticed this a few years ago when BOJ would sell Bonds ( I think it was 9PM PST) and the G/J would move 100+ points then before LO the G/J would recover almost the same amount it had moved earlier. So I started watching the NY Open and sure enough , the investors would position themselves in anticipation (4 - 4:30 AM PST and NYO is 6 AM). I am always ready with a close & reverse if needed when the Asia or NY opens
  • #2,884
  • Dec 16, 2014 4:00pm Dec 16, 2014 4:00pm
Quoting devontrader
just thought id show you up to date chart currently up 71.9 pips but it could have been a little more but for a stupid trade i took and gave a little back anyway as you see on the ttindy i have 5,15,30,60 ,,,i just got to make sure the look back settings are correct i like to see the longer term action so i know i can trail the stops and let the trade run interested to know what people think of the new swing indicator im testing out asa confirmation to cci {image}

You do love an indicator or two don't you Jason???

make sure you leave a little space for the price to peep out.....
Feel the Fear and do it anyway!!!
  • #2,885
  • Dec 16, 2014 4:02pm Dec 16, 2014 4:02pm
Quoting MTPockets
{quote} (4 - 4:30 AM PST and NYO is 6 AM).
I also like the 6 AM EST hour.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #2,886
  • Dec 16, 2014 4:03pm Dec 16, 2014 4:03pm
Quoting clivepackham
{quote} You do love an indicator or two don't you Jason??? make sure you leave a little space for the price to peep out.....
what do you think clive

oh yes i love indicators lol

so give me some indication clive baby

love you x x
  • #2,887
  • Dec 16, 2014 4:04pm Dec 16, 2014 4:04pm
Quoting clivepackham
{quote} You're welcome my friend, you know I'm not sure since I've changed it to the 35lwma as the slopes get pretty steep now but as I type I see the GBPJPY pair is top on 175 and USDCAD 8th on 29 which looks ok, so maybe 30 or over??? Not sure to be honest but put it this way if you look at the top pair and its chart doesn't look any good. EG you don't know which way its going then don't bother...Remember that figure relates to the steepness of the lwma you monitoring... Anyway lets keep this going and if you can take snap shots of your trades...
Not sure if I should post my trades here because I have a pretty different strategy than yours (ichi, harenko). I just use your CCI and ttindy.
  • #2,888
  • Dec 16, 2014 4:10pm Dec 16, 2014 4:10pm
Quoting GodFire
{quote} Not sure if I should post my trades here because I have a pretty different strategy than yours (ichi, harenko). I just use your CCI and ttindy.
post it godfire,,,we all learn
  • #2,889
  • Dec 16, 2014 4:15pm Dec 16, 2014 4:15pm
Quoting devontrader
{quote} post it godfire,,,we all learn
OK

The next two days I can't trade, maybe on friday if there aren't many news release. Lately I am into DAX and other high volatility pairs which are trending the whole day, so it's almost only straight lines with the harenko charts.

But only if master clive agrees
  • #2,890
  • Dec 16, 2014 4:22pm Dec 16, 2014 4:22pm
Quoting GodFire
{quote} Not sure if I should post my trades here because I have a pretty different strategy than yours (ichi, harenko). I just use your CCI and ttindy.

Yep not a problem please feel free to post as long as you're of the same mindset as me, that is find a strong trend, wait for a pullback against the trend and enter. Don't even mind the odd breakout trader..."odd" being the word..

Simple as ABCD....pullback or breakout entry, your choice..

How you identify your entry is fine, whatever indicators you find best to identify your strong trend and entry is fine by me..

As long as you trade with the trend and the strongest trends at that...
Feel the Fear and do it anyway!!!
  • #2,891
  • Dec 16, 2014 4:25pm Dec 16, 2014 4:25pm
Quoting GodFire
{quote} OK The next two days I can't trade, maybe on friday if there aren't many news release. Lately I am into DAX and other high volatility pairs which are trending the whole day, so it's almost only straight lines with the harenko charts. But only if master clive agrees

I keep hearing about this Dax being an awesome thing to trade, maybe I'll have a look at it or as you have experience on it maybe you can give us some heads up on how and when its best to trade it???
Feel the Fear and do it anyway!!!
  • #2,892
  • Dec 16, 2014 4:26pm Dec 16, 2014 4:26pm
Quoting clivepackham
{quote} Yep not a problem please feel free to post as long as you're of the same mindset as me, that is find a strong trend, wait for a pullback against the trend and enter. Don't even mind the odd breakout trader..."odd" being the word.. Simple as ABCD....pullback or breakout entry, your choice.. How you identify your entry is fine, whatever indicators you find best to identify your strong trend and entry is fine by me.. As long as you trade with the trend and the strongest trends at that...
As an ichimoku trader I am naturally a trend follower... so don't worry about it
  • #2,893
  • Dec 16, 2014 4:41pm Dec 16, 2014 4:41pm
Just having a quick look at this Dax thingy and looks similar to me to any other chart, just wait until its trending strongly 35lwma sloping steeply then just take the CCI pullbacks.

Lets face it , its not rocket science is it??? Up or down thats your choice...

Up???

Attached Image (click to enlarge)
Click to Enlarge Name: GER30M1.png Size: 66 KB


Or Down???

Attached Image (click to enlarge)
Click to Enlarge Name: GER30M1down.png Size: 74 KB


Strong trends thats all its about guys, find yourself a strong trend then its as simple as ABCD....
Feel the Fear and do it anyway!!!
  • #2,894
  • Dec 16, 2014 4:47pm Dec 16, 2014 4:47pm
Sorry Clive i am new to this, how did you set up your chart?
  • #2,895
  • Dec 16, 2014 4:54pm Dec 16, 2014 4:54pm
clive

if im using 50lwma ,,what would be my look back period for 30 mins and 60mins on the ttindy?
  • #2,896
  • Dec 16, 2014 5:05pm Dec 16, 2014 5:05pm
Quoting Brutto
Sorry Clive i am new to this, how did you set up your chart?
http://www.forexfactory.com/showthre...=486543&page=3

look at post 50 and 57

your welcome
  • #2,897
  • Dec 16, 2014 5:20pm Dec 16, 2014 5:20pm
its 11.20pm now in uk,,,,,traded 3 trades in just over 3 hrs and made 3 winners 1 loser (my mistake) for 80 pips profit
  • #2,898
  • Dec 16, 2014 5:22pm Dec 16, 2014 5:22pm
Quoting Brutto
Sorry Clive i am new to this, how did you set up your chart?
Hi Brutto

Heres my most recent template and you can find all my indys here on page 80 post 1581 http://www.forexfactory.com/showthre...29#post7757229

Hope that helps...
Attached File(s)
File Type: tpl # 1 minute scalper.tpl   271 KB | 497 downloads
Feel the Fear and do it anyway!!!
  • #2,899
  • Dec 16, 2014 5:27pm Dec 16, 2014 5:27pm
Grabbed 2.5% on GBPJPY, bad time of day to trade so as Clive says took my orphans and ran haha

Its hard to trade while travelling Australia. In a Coffee shop now and saw my chance
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
  • #2,900
  • Dec 16, 2014 5:48pm Dec 16, 2014 5:48pm
Quoting clivepackham
{quote} I keep hearing about this Dax being an awesome thing to trade, maybe I'll have a look at it or as you have experience on it maybe you can give us some heads up on how and when its best to trade it???
Dax has just a high volatility and she moves a lot... most up and down

Don't even think about trading it before frankfurt open or else you got a false signal...
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