Trading is as simple as ABCD

Way to go George!! You have cut the cord! This is my goal as well. I pray God will continue to bless you! I first saw you on Favorite's thread and remember you were doing well there. Clive has something even easier here I think.

You were using an MA band back then too. Is this band the 100 LWMA that Clive is using?

@Clive - Good luck with the new gig. Don't get to comfortable there. Be careful going into next week. Traditionally, Christmas week is New Years week are slim pickins and price moves oddly. I will probably only be a spectator.

Quick 11 pips

Good luck Clive! and love seeing you trade George!!

Hi Clive, Hi members.

Some ideas after using the system and reading your posts:

With respect:

There is no magic number of a ma. 35 lwma for example is the same as 25 ema, duh. Most respected "in-the-trend-ma" used by the pros is 50 ema, close. But it is still a lagging thing as we all know.

The idea of TT is as simple as BRILLANT. BUT (there is always a big but(t), they even made a song about it)

Which ma for which timeframe to use, how many bars look back for which timeframe ??? Nobody knows because ma is either to slow or to quick...

But the stress to find the right pair to the right time is worst next to the expenses jumping on the high spread pairs without watching their behaviour for a while..

Imagine paying 80 pips for 10 trades a day just in the hope to gain 100 pips to have 20 pips left.

This is what demo-trading is leading to... no costs, no worries. But what if it goes live ???

So I decided to create a seperate tpl. with TT M1, M5, M15, M30 with the so called T-line MA from Stephen Bigalow (a trading millionaire with 35 years experiance), 8 ema, close, look back short periods. Just to have it close to the hand to respect the TT-idea.

3 low-spread-pairs on the screen is more than enough to control, to make pips out of them and be in a trade when a new runner beginns without chaising trends. Even in theory, we can not catch every pair and every trend, can we?
So we have to accept to let it go.

Everybody in this group knows it since we worked on it the last days.

My pairs are USD/JPY, EUR/USD and EUR/JPY (when UJ and EU trend in the same direction, good trades at EJ coming up)
That way it is way less stress, less costs and less nerv wrecking to trade and my moneymanagement looks more from a trader than from a hunter.

CCI thoughts:

ABCD- points building a CHANNEL (cci = commodities CHANNEL Index)

The inventor was building that thing because price is always moving in a channel, oscillating up and down (ABCD). Even in sideway markets. CCI measures how much price is oscillating from the average price for a certain period of time look back. Pros using Line-CCI with period 20 because position traders take 20 days cci to overfiew the behaviour of a trading month back. But 20 Minutes look back works excellent too.

Thats why drawing channels via parallel trendlines, the equidistant channel tool or the linear regression channel tool
is more expressive than any MA. Very often price touches the channel to the pip to bounce of off and when price is leaving the channel, heads up for trend change.

Except the "channel-fiew" cci brings, divergence between price and indicator (works so good because momentum shift in price is on the way when cci shows divergence), but be carefull, divergence means heads up at first.

I hope constructive critics is allowed, Clive, but your cci 8 shows other numbers than the original from mt4.
I got one cci (showed you) with bars and overlayed it with the original cci from mt4 and find the same numbers.
That seen, explained so many different signals I took from your cci.

But I switched cci from bars to clored lines, lookback 20 and violà... better signals, when price is in a channel (healthy trend), strong ob/os and trend changes on the way.

That combined with Grid-trading (25 pips-levels), channel drawing in price and cci window, will make me a much better ABCD-one-minute-man-clive-packham-trader !!!

BUT: Never mind. It is all good using a MA and signals from cci 8, it works well, especially if we are patient and wait for A+ setups.

So nobody get me wrong please. I was looking to improve my trading with that system.

Respect

Wolfgang

interesting post wolfgang

maybe you could post a pic or two and attach your template and indicators for all to try?

Hi Wolf300,

Is this what you are referring to ? Granted that right now there is no established trend worth getting into.

ok guys having spoken to clive and thought about things,,,im of the opinion that we are all here to achieve the same goals
i have learnt so much who has given and i feel that we should give back too

i dont find posting my thoughts and comments easy so will post a few posts.

LET ME MAKE THIS CLEAR
the core basic system of clives does not change
the method does not change
the system is the system!

what i do and add to my charts is to add extra comfirmation to clives system.

clives method works and as it is ,,,is tradeable and profitable.

clive and i agree that we should post our thoughts and comments to help others and to improve our own method,,,tweaked from clives original system.

clive has agreed that i can post my extra on and its up to each one of you if you want to use it is not apart of clives original .

so for starters here is 2 pictures

one with swing high/low indicator on with and without the lines

as you can see from my charts above i have a swing indicator added on and also hh hl indicator for those who cant see the swings,,,these are optional to add.

personally this picture on this post is what i use,,ive come to learn that too much on the chart just overloads your mind.

if you notice ,,,this is the gbpaud on h1

we have a lower high so is this the start of a downward move?

so what is on my chart different to clive original?

well i have 1,5,15,hr ttindy so i can see further ahead for strength and weakness

also i have rsi non repaint indicator for the strength as awell as a swing indicator,,this swing indicator is great for confirming the turns with cci,,,

when i look at the m1 as per clives method ,,,i can see entry and exits,,,but one day i got thinking,,,clive talks about breaking even,,so i decided to look how to avoid this and let the winners run.

so what i do is i look at the higher time fram 1min to 5 min to 15 min to 1hr etc

now i want to point out that clive is right,,,price is always based off and starts from the 1min
but if you imagine the m1m5 m15 m30 etc is just a magnifying method then you should get the mind set that all the charts are 1min

so lets say you wanna look at 10 hours of price movement on the 1min chart
thats 600 candles
you cant see 600 decent viewed candles on the 1min so you have them condensed into 10 x 1hr candles or 40x 15min candles for better idea of price movement.
also if you know about waves or cycles and the size of them per timeframe you will understand,,but thats a different story.

what i would like to point out is this

look at the swing indicator on the candles

look what they do before they turn price the other way.

if above the candles its weight on top so price will go down

if under the candles it will hold up//push up the candles

look at this chart,,im in a trade,,,its on 1min chart should i exit? or let it run?

Hello Devontrader,

I agree with what you are saying about the method Clive has shared with us. In my opinion it is as close to the "Holy Grail" that everyone is looking for.
I've abandoned my previous scalper that has served me well for years. In fact I'm LIVE with Clives ABCD method.
I hope that my postings haven't offended anyone, for sure I don't want to change Clives ABCD Scalper. As you say it is a complete package as is, I'm just trying to make myself a bit more comfortable with it.

Thank you Clive for sharing. I watched your Youtube video last night and that alone made me a true believer, which is why I went Live today.

It's raining PIPS !!

well if you looked at the chart above you will see im under the red 100lwma so short is all im interested in

FOLLOW THE TREND

so this chart will make it clear,,,,i condense the 1min candles as i posted before to make more sense

here is the 1 hr chart,,,as per clives method,,,,i think its easy as clive says

i totally fully agree with you MTPockets

clives method works and also has the ability to tweak to make it your own,,,like i have done

that is why i stress,,,im not changing clives method,,,like you purely adapting it a little to suit my style

after talking with SIR clive ive decided im going to share my template and indicators.
also i will post clives indicators incase no one has them


what i would like is this

no one changes the method clive has laid out

people post and share anything ,,,,methods,,,indicators,,,templates etc that may improve or make a difference to someone else here

clive totally changed me as a trader with this and i believe in him

so i tweaked a little to suit my style and am sharing for others too if it helps

i hope everyone can be polite and ask questions and ask others if they can share something like an indicator or setting,,,to help each other.

BUT NEVER FORGET THE CORE TO ALL THIS IS SIR CLIVES METHOD

so here is my template and all the indicators to make the chart i have.

there are 2 things i would like to post to further the method etc which i will post shortly

1 that wouldnt add to the list as it was too many to up load so add this too

The 2 things i would like to add to this method are

1.. where stops are placed

2.. money management

for me

1 my stops are placed just above the prior swing high or low
as you see in this picture of my current trade

2. i have a spreadsheet i intend on posting that i think is very good
its set up for spread betting but i think can be easily adapted for the fx
ive attached it and hope you can open it


if anyone can keep the layoutbut adjust the calculations then i think everyone could use it

up to date 1 min chart
as you see red down trend 1 min candles stretched out

same trade condensed into hourly chart for clearer view,,,remember think of it as all timeframes are 1min but magnified

here is one im looking at now