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Trading is as simple as ABCD

  • #3,021
  • Dec 28, 2014 6:59am Dec 28, 2014 6:59am
Quoting montego
Hi Clive, I know you trade the London open with your method , but do you also trade any other open and if so which ones do you recommend? sorry if its been covered before, cheers Jon
Hi Jon

If I could I would trade all the market opens. I think its fair to call FO and LO the same one as the same with Sydney and Tokyo then of course the best I find is NYO as 3 markets open together for 4/5 hours..So theres plenty of money flying around.. My whole theory is watching the 1 minute trends to follow the money as it comes to the table..

I'm starting to realise the actual money seems to come to the table about an hour or two after the official open time so well worth waiting for that initial flurry to subside then jump on board the strongest trender... If we look back over these market opens we can see where the runs generally start. Lookaat his 5 min chart of GBPAUD with no candles just the 100lwma and we can clearly see where the runs start...generally just after market opens of one sort or another..

Attached Image (click to enlarge)
Click to Enlarge Name: Moves strat around the market opens gbpaud.png Size: 85 KB


GBPUSD much the same...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5 market opens move price.png Size: 89 KB


And again with GBPJPY..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5much the same.png Size: 91 KB


So there you have it, all market opens are very useful times to be looking for large moves to start, just follow the money as it comes to the table....
Feel the Fear and do it anyway!!!
  • #3,022
  • Dec 28, 2014 8:30am Dec 28, 2014 8:30am
Quoting clivepackham
{quote} Hi Jon If I could I would trade all the market opens. I think its fair to call FO and LO the same one as the same with Sydney and Tokyo then of course the best I find is NYO as 3 markets open together for 4/5 hours..So theres plenty of money flying around.. My whole theory is watching the 1 minute trends to follow the money as it comes to the table.. I'm starting to realise the actual money seems to come to the table about an hour or two after the official open time so well worth waiting for that initial flurry to subside then jump...
Hi Clive, that shocked me the charts speak volumes don't they, thanks for the well explained answer and the charts. I am half way through watching your video, as its quite long ive been watching it an hour at a time and taking notes and I have learned a lot, one thing In particular i was doing wrong is going in on the 3rd and 4th pull back, no wonder ive been struggling lol, thanks again Jon.
  • #3,023
  • Dec 28, 2014 8:51am Dec 28, 2014 8:51am
Quoting clivepackham
{quote} Hi Jon If I could I would trade all the market opens. I think its fair to call FO and LO the same one as the same with Sydney and Tokyo then of course the best I find is NYO as 3 markets open together for 4/5 hours..So theres plenty of money flying around.. My whole theory is watching the 1 minute trends to follow the money as it comes to the table.. I'm starting to realise the actual money seems to come to the table about an hour or two after the official open time so well worth waiting for that initial flurry to subside then jump...
Good Day,

how did You manage to have different colors in MA's..green and red??

Thanks for answer
  • #3,024
  • Dec 28, 2014 6:10pm Dec 28, 2014 6:10pm
Get one of the two indis below.

MA slope with alert:
http://www.forexfactory.com/attachme...mentid=1514879

MA in color:
http://www.forexfactory.com/attachme...mentid=1558213
  • #3,025
  • Dec 29, 2014 8:44am Dec 29, 2014 8:44am
Clive,
can you please tell me exactly what the entry criterias are since I want to program an indi based on it. I did read post 1724 but I want to be sure. THX
  • #3,026
  • Edited 11:17am Dec 29, 2014 10:25am | Edited 11:17am
Ok,
the Beta is done. Let me know what you think of it.
Rules:
to get BUY signal, fast MA must be > slow Ma and Price must cut fast MA from down to over with CCi>100, opposite for SELL signal.
Trending signal is when Price > fast MA >slown MA with 100>CCi, opposite for Correction signal.
NewTrend signal in buy diection is when Price > slow Ma > fast MA, opposite for sell direction.

Fast MA is 35lwma and slow MA is 100lwma. CCi period is 14.

We can also just work with CCi 14 and 100Lwma.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 77 KB
Attached File(s)
File Type: ex4 MA crosses with CCi (Beta)_alerts.ex4   25 KB | 295 downloads
  • #3,027
  • Dec 29, 2014 12:49pm Dec 29, 2014 12:49pm
Quoting skyway
1. Price must cut fast MA from down to over == Open < fast MA && Close > fast MA && CCI[14] > 100
The Open is not necessary since price can only cut from down if price is under the lwma.
Quoting skyway
2. Price == ??
Price = current price.
Quoting skyway
3. ??
Correction in sell market. => Trending signal is when Price < fast MA <slown MA with CCi>-100
Quoting skyway
4. Price == ?? and CCI[14] == omitted My understanding of your beta alert code. Good effort but need to provide more specifics to enable others to scrutinise the details for discussion. May want to include different arrows for each alert type ?

It shall not be an alert indicator. It shall show the trenddirection on different timeframes based on clive's strategie.
  • #3,028
  • Dec 29, 2014 1:17pm Dec 29, 2014 1:17pm
Quoting GodsClown
Ok, the Beta is done. Let me know what you think of it. Rules: to get BUY signal, fast MA must be > slow Ma and Price must cut fast MA from down to over with CCi>100, opposite for SELL signal. Trending signal is when Price > fast MA >slown MA with 100>CCi, opposite for Correction signal. NewTrend signal in buy diection is when Price > slow Ma > fast MA, opposite for sell direction. Fast MA is 35lwma and slow MA is 100lwma. CCi period is 14. We can also just work with CCi 14 and 100Lwma. {file} {image}
Hi Godsclown

Good idea to make an Indy to alert us to our setups so let me clarify exactly how I see them then if you could produce an Indy to alert us thats great... I think you're on the right lines with the above one apart from the CCI signal is the opposite of how you've stated it above.

The theory is to wait for a strong trending pair going up the page to have its CCI go "oversold" (below-100level) this signifies a deep pullback in a strong uptrend so a perfect place to enter or a strong trending pair going down the page then wait for the CCI to go overbought(over +100 level) this signifies a deep pullback in a strong downtrend so a perfect place to enter...

Please note this is the opposite to how you stated it above...

Heres a chart to explain what I mean then maybe you could adjust your indy accordingly. I would probably put your indy on the most volatile pairs as discussed before. EG most GBP pairs plus EURJPY,EURAUD and maybe USDJPY...or maybe just put it on the top 5 min TTindy pairs and wait for your alerts...

Attached Image (click to enlarge)
Click to Enlarge Name: Buy signals.png Size: 69 KB


I've included the 35lwma as you mentioned it in your previous post, but I don't think we need it myself as we have the TTindy to give us our strongest trenders .. The most significant difference between what you stated above is the CCI signal which I believe will be your "alert" . For a buy it should be when the price is above a steep sloping 100lwma as per this USDCAD chart as its in the top eight 1 min and 5 min top trenders (see TTindy).

Once in the top trenders because of its steep sloping 100lwma then we look for the CCI to go below the -100 level to qualify the pullback as deep enough to trade. Then we wait for the first CCI candle to close shorter than its previous candle(I've marked all these with an up arrow and a yellow dotted vertical line). If you were to then alert us that its setup we could then check the chart and if we like what we see place a pending order above the "signal" candle..

Obviously the opposite for the sell signals eg wait for CCI to go over the +100 level and then the first shorter CCI candle is the alert/signal candle...



Anyway leave it with you, look forward to testing your indy out tomoz....
Feel the Fear and do it anyway!!!
  • #3,029
  • Dec 29, 2014 1:42pm Dec 29, 2014 1:42pm
The New Year is fast approaching so just thought I'd refresh all our memories, including mine, on exactly what it is we're looking for here.. Its all about trading strong trenders by riding their waves and using the ABCD pattern as our guide...

So here it is in its simplest form possible, GBPAUD is top of the TTindy, note how the CCI mimicks the waves perfectly, look from the -100 levels to the +100 levels for each wave...

Attached Image (click to enlarge)
Click to Enlarge Name: trading the CCI waves with ABCD.png Size: 68 KB


I'm quite keen to catch these moves as soon as possible after the 100lwma slope changes too, this should lead to bigger winners than our losers..

Well thats all there is to it , stick to strong trenders then its as simple as ABCD....

EDIT: There was some beauties coming down too, but i'll leave them for you to fathom out....
Feel the Fear and do it anyway!!!
  • #3,030
  • Dec 29, 2014 1:51pm Dec 29, 2014 1:51pm
Quoting capetown
{quote} Good Day, how did You manage to have different colors in MA's..green and red?? Thanks for answer
Heres the Indys...
Attached File(s)
File Type: mq4 MA_In_Color.mq4   4 KB | 515 downloads
File Type: ex4 MA_Slope Alerts.ex4   6 KB | 537 downloads
Feel the Fear and do it anyway!!!
  • #3,031
  • Dec 29, 2014 8:06pm Dec 29, 2014 8:06pm
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.png Size: 75 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 80 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.png Size: 108 KB
  • #3,032
  • Dec 29, 2014 8:36pm Dec 29, 2014 8:36pm
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 72 KB

Done for today. To see Arrows set ShowArrows = true.

Attached File(s)
File Type: ex4 MA crosses CCi_alerts(Beta2).ex4   26 KB | 338 downloads
  • #3,033
  • Dec 30, 2014 2:08am Dec 30, 2014 2:08am
Important question regards indicator


is repainting or non repainting?
  • #3,034
  • Dec 30, 2014 3:44am Dec 30, 2014 3:44am
Hi, is this a correct 5min entry just now on the eur/usd? I waited for the cci to go past 100 level and then entered once i had a shorter cci candle.

Attached Image (click to enlarge)
Click to Enlarge Name: clivetrade.png Size: 35 KB
  • #3,035
  • Dec 30, 2014 4:54am Dec 30, 2014 4:54am
Quoting GodsClown
{image} Done for today. To see Arrows set ShowArrows = true. {file}

Hey GodsClown, thats awesome!!!! Thanks for such a great indy..

Just a couple of quick questions...

What does the CCI settings do on the indy??? Not sure I understand all the CCI timescale settings and what their function is ???

One suggestion i would make , I noticed the arrow was appearing whilst the current CCI candle was forming, I would suggest it waits until the CCI candle close then if a signal candle eg lower or higher than last, print the arrow..

Last thing the arrows are quite large on my chart , can I change the size???

Great work though and an awesome addition to the strategy...
Feel the Fear and do it anyway!!!
  • #3,036
  • Dec 30, 2014 5:08am Dec 30, 2014 5:08am
Quoting iak
Hi, is this a correct 5min entry just now on the eur/usd? I waited for the cci to go past 100 level and then entered once i had a shorter cci candle. {image}
Its not quite the set up, I would just add two things,

1) Is the EURUSD a strong trender on the 5 min TTindy?? This is the first rule of my strategy , only trade strong trending pairs as measured by the slope of the 100lwma. Many traders only trade low spread pairs like EURUSD so if thats the case then you must wait for it to appear in the TTindy, preferably top 4 at least.

2) Enter by placing a pending buystop 2 pips above the signal candle, eg the first shorter CCI candle in this example.

Also noticed you're using a 20 period on CCI , I've found 14 to be very useful but if a really strong trender then an 8 even better. Just personal preference there...

Looking back you might have had a losing trade there, it happens, but might of been avoided if you had applied points 1 and 2 above???

Hope that helps...???
Feel the Fear and do it anyway!!!
  • #3,037
  • Dec 30, 2014 5:11am Dec 30, 2014 5:11am
  •  moursi
  • | Joined Dec 2011 | Status: don't try to change the world .... | 78 Posts
Quoting iak
Hi, is this a correct 5min entry just now on the eur/usd? I waited for the cci to go past 100 level and then entered once i had a shorter cci candle. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: clivetrade.png Size: 22 KB


your entry not good enough (correct entry it was at the white line break or (support Breakout)
Rule #1: Never Lose Money Rule #2: Never Forget Rule Number One
  • #3,038
  • Dec 30, 2014 5:39am Dec 30, 2014 5:39am
  •  moursi
  • | Joined Dec 2011 | Status: don't try to change the world .... | 78 Posts
Quoting GodsClown
{image} Done for today. To see Arrows set ShowArrows = true. {file}
can you share your template can you share your template
and your inductores


i wish you all happy new year

Rule #1: Never Lose Money Rule #2: Never Forget Rule Number One
  • #3,039
  • Dec 30, 2014 6:27am Dec 30, 2014 6:27am
Quoting clivepackham
{quote} Its not quite the set up, I would just add two things, 1) Is the EURUSD a strong trender on the 5 min TTindy?? This is the first rule of my strategy , only trade strong trending pairs as measured by the slope of the 100lwma. Many traders only trade low spread pairs like EURUSD so if thats the case then you must wait for it to appear in the TTindy, preferably top 4 at least. 2) Enter by placing a pending buystop 2 pips above the signal candle, eg the first shorter CCI candle in this example. Also noticed you're using a 20 period on CCI ,...
Thanks for feedback. Will study a bit more closely.
  • #3,040
  • Dec 30, 2014 1:30pm Dec 30, 2014 1:30pm
Quoting clivepackham
{quote} Hey GodsClown, thats awesome!!!! Thanks for such a great indy.. Just a couple of quick questions... What does the CCI settings do on the indy??? Not sure I understand all the CCI timescale settings and what their function is ??? One suggestion i would make , I noticed the arrow was appearing whilst the current CCI candle was forming, I would suggest it waits until the CCI candle close then if a signal candle eg lower or higher than last, print the arrow.. Last thing the arrows are quite large on my chart , can I change the size???...
Hi,
I changed it like you suggested. I deleted the CCi settings except for the period setting plus added arrow size.

Question: Do you use it only on M1 timeframe or is it good to have the possibility of for example M5 arrows on M1 timeframe?
Also, can you pls tell me the calculation of TTindy (via pm if not public)? Because I like to ad them to the indi. Then afterwards can also have your name, since it is your strategy.

Quoting moursi
{quote} can you share your template can you share your template and your inductores
After it's complete.
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.png Size: 13 KB
Attached File(s)
File Type: ex4 MA crosses CCi_alerts(Beta)4.ex4   31 KB | 295 downloads
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