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Trading is as simple as ABCD

  • #3,061
  • Dec 31, 2014 5:56am Dec 31, 2014 5:56am
Quoting clivepackham
{quote} Hi Goerge Great to have you around hope you keep popping in, in the New Year?? Tricky day today as no real strong trends that made any good moves but pleased to have the discipline to not trade unless it sets up correctly...I'm going to try and only trade AAA+ setups in the New Year, but I'm thinking about trading at 1% per pip again like the old days on Dnabrazils thread. Do you still trade at 1% per pip??

Yes not much of a sustained trend today and it is understandable as today is the last day of the year. Discipline is key in any endeavour, and it's the same thing here - stay out until you find the AAA+ setup. I don't trade @ 1% per pip again as it has come to bite me, so I do slow and steady wins the race but with a bit of aggression when the right trade comes along.

Shalom my friend
Low Risk Low Stress High Reward High Probability Trades
  • #3,062
  • Dec 31, 2014 6:17am Dec 31, 2014 6:17am
First entry with GodsClowns indy and not too bad so far...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 64 KB
Feel the Fear and do it anyway!!!
  • #3,063
  • Dec 31, 2014 6:47am Dec 31, 2014 6:47am
Took 6.4 pips out of GBPJPY but everything is looking very iffy before NYO and interestingly that 30 figure keeps popping up on my good trades...

Great work on that Indy Godsclown but I'm struggling to understand some of the inputs??? I'm thinking to set it so 30 is the weakest we trade and see how it signals??? Won't get many today thats for sure but then thats the whole idea to keep you out of rangy days where the trend doesn't build above 30... Not a good day to trade fullstop....

Will test it out and try all the settings out see how I get on will let you know my thoughts etc soon as i'm done...

Heres the only pair GBPJPY trending stronger than 30 at the moment so will see how it signals compared to how i might trade it...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 63 KB
Feel the Fear and do it anyway!!!
  • #3,064
  • Dec 31, 2014 6:58am Dec 31, 2014 6:58am
Nope no go there, gave me an arrow but pending order not hit so deleted it as no longer 30 plus trend...

Lets see how NYO goes , got some news in 30 mins so will have a look after that...
Feel the Fear and do it anyway!!!
  • #3,065
  • Dec 31, 2014 7:02am Dec 31, 2014 7:02am
Quoting clivepackham
Took 6.4 pips out of GBPJPY but everything is looking very iffy before NYO and interestingly that 30 figure keeps popping up on my good trades... Great work on that Indy Godsclown but I'm struggling to understand some of the inputs??? I'm thinking to set it so 30 is the weakest we trade and see how it signals??? Won't get many today thats for sure but then thats the whole idea to keep you out of rangy days where the trend doesn't build above 30... Not a good day to trade fullstop.... Will test it out and try all the settings out see how I get on...
Here you can change the 30 input: Strong_Trend_Value = 30;

If question exist, just ask. I know it is a little confusing, maybe.
Quoting clivepackham
Nope no go there, gave me an arrow but pending order not hit so deleted it as no longer 30 plus trend... Lets see how NYO goes , got some news in 30 mins so will have a look after that...
Jea, not good day today.
  • #3,066
  • Dec 31, 2014 7:15am Dec 31, 2014 7:15am
Quoting GodsClown
{quote} Here you can change the 30 input: Strong_Trend_Value = 30; If question exist, just ask. I know it is a little confusing, maybe. {quote} Jea, not good day today.

GodsClown, I must commend you again for great coding job you've done on this indicator I like the fact that it is user friendly as I can pick my options. I use the MA cross instead of the slope and can play with the MA & CCI periods of my choice and same with the Strong Trend Value. Thank you, and hope you're rewarded with lots of pips.

Shalom and best wishes for the New Year

George
Low Risk Low Stress High Reward High Probability Trades
  • #3,067
  • Dec 31, 2014 7:16am Dec 31, 2014 7:16am
Quoting GodsClown
{quote} Here you can change the 30 input: Strong_Trend_Value = 30; If question exist, just ask. I know it is a little confusing, maybe. {quote} Jea, not good day today.
Yes I see that but I'm thinking are we just changing the value to get a trade??? Shouldn't it be the other way round??? Wait for our strong trend to setup then trade the resulting ABCD (cci signal). Thats always been my problem not waiting for the strong trends to set up...

This indicator may make us wait for the strong trends so by having it set to 30 means there will be no signals and thats exactly the way it should be.

No strong trends = no trades....
Feel the Fear and do it anyway!!!
  • #3,068
  • Dec 31, 2014 7:19am Dec 31, 2014 7:19am
It will probably signal here a nice strong trend on GBPCAD 32 but even if it does its too near the news release so will let it go, lets see what happens after the news, it will be interesting to see if any strong trenders setup after the news...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadm1.png Size: 65 KB
Feel the Fear and do it anyway!!!
  • #3,069
  • Dec 31, 2014 7:22am Dec 31, 2014 7:22am
Quoting clivepackham
{quote} Yes I see that but I'm thinking are we just changing the value to get a trade??? Shouldn't it be the other way round??? Wait for our strong trend to setup then trade the resulting ABCD (cci signal). Thats always been my problem not waiting for the strong trends to set up... This indicator may make us wait for the strong trends so by having it set to 30 means there will be no signals and thats exactly the way it should be. No strong trends = no trades....

A dashboard of the TTindy with an alert would be better for that; and you only get an alert when the strong trender with the best (AAA+) setup is in the offering Just MHO FWIW

I sign off here and wish all a happy and prosperous New Year in advance. See you all on the other side new week.

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #3,070
  • Dec 31, 2014 7:52am Dec 31, 2014 7:52am
You know its quite interesting days like this when nothing appears to be setting up very well, every time I'm looking to sell its straight into a support level and everytime I'm looking to buy its straight into a resistance level. guess thats because its a rangy old day. Also interestingly nothing is going over 30 on the TTindy and staying there??? guess thats a clear sign we're ranging all day no strong trends to trade...

This is when we should just pack up and go play golf or something??? mustn't lose our discipline either and start taking stupid entries just because we're bored...

One good thing about Godsclown's indy it won't give you a single signal until the strong trends setup, thats gotta be a bonus...

OK lets have a look what this afternoons NYO might bring us???

Attached Image


Bit of USD strength and CAD weakness so lets take a look at USDCAD(32) see what we can do???
Feel the Fear and do it anyway!!!
  • #3,071
  • Dec 31, 2014 7:54am Dec 31, 2014 7:54am
I just wanted to say than you for this thread.
I've just seen the thread now ( new to the forum )
Been trading for a year now with no success, but believed there was a link between 1234 highs and lows. Didn't know it was called the ABCD pattern.

I was wondering if you use Japanese candlestick reversal patterns? (I.e. engulfing, dark cloud covers, tweezers etc)
I just can't seem to apply it to this ABCD technique...
  • #3,072
  • Dec 31, 2014 7:57am Dec 31, 2014 7:57am
  •  moursi
  • | Joined Dec 2011 | Status: don't try to change the world .... | 78 Posts
Quoting clivepackham
It will probably signal here a nice strong trend on GBPCAD 32 but even if it does its too near the news release so will let it go, lets see what happens after the news, it will be interesting to see if any strong trenders setup after the news... {image}

pLes shar the ADR INDECTOR THX
Rule #1: Never Lose Money Rule #2: Never Forget Rule Number One
  • #3,073
  • Dec 31, 2014 8:05am Dec 31, 2014 8:05am
Quoting clivepackham
You know its quite interesting days like this when nothing appears to be setting up very well, every time I'm looking to sell its straight into a support level and everytime I'm looking to buy its straight into a resistance level. guess thats because its a rangy old day. Also interestingly nothing is going over 30 on the TTindy and staying there??? guess thats a clear sign we're ranging all day no strong trends to trade... This is when we should just pack up and go play golf or something??? mustn't lose our discipline either and start taking stupid...

Still important not to buy/sell into possible S/R levels - did you see how the UCA bounced right off the daily open line Problem is, though the TTindy was showing the pair as the best possible trade on the M1 TF, it is not on the M5 because both currencies are strong. Just MHO FWIW
Attached Image (click to enlarge)
Click to Enlarge Name: UCA Trade Setup1 - 12312014.gif Size: 61 KB
Low Risk Low Stress High Reward High Probability Trades
  • #3,074
  • Dec 31, 2014 8:06am Dec 31, 2014 8:06am
Quoting moursi
{quote} pLes shar the ADR INDECTOR THX
Here you go attached below and all indys are here http://www.forexfactory.com/showthre...29#post7757229
Attached File(s)
File Type: mq4 #Daily Range PeterE.mq4   2 KB | 416 downloads
Feel the Fear and do it anyway!!!
  • #3,075
  • Dec 31, 2014 8:25am Dec 31, 2014 8:25am
Quoting 919gilead
{quote} Still important not to buy/sell into possible S/R levels - did you see how the UCA bounced right off the daily open line Problem is, though the TTindy was showing the pair as the best possible trade on the M1 TF, it is not on the M5 because both currencies are strong. Just MHO FWIW {image}

Good points as ever George and I agree 100% with you. I have said on many occasions just because something is top of TTindy doesn't mean go and trade it, it means come and have a look at me I'm flying.... But it can crash to the ground at any moment. But like you say don't buy straight into resistance or sell straight into support.

To be honest when something is top of the 1 min TTindy it genuinely means its performed better than any other pair for the last 15 mins, thats it. Last 15 mins only so I always look for it to pullback away from the levels and then on the 2nd charge it may go straight through... I like to have at least 10 pips between me and the next level so I can manoeuvre to BE on my way to that level...

But all that to one side today is a tough day for my system as nothing is trending very strongly for very long . I know that pairs range 70% of the time but something normally puts a spurt in somewhere but obviously not today... But our day will come probably when all the festive breaks are over and all the bank traders are back at their desks..

We need the BIG money boys for our strategy to work, afterall you can't follow the money when there no money flowing..
Feel the Fear and do it anyway!!!
  • #3,076
  • Dec 31, 2014 8:40am Dec 31, 2014 8:40am
  •  moursi
  • | Joined Dec 2011 | Status: don't try to change the world .... | 78 Posts
Quoting clivepackham
{quote} Here you go attached below and all indys are here http://www.forexfactory.com/showthre...29#post7757229 {file}
THX MY MAN
I WISH YOU ALL HAPPY NEW YEAR


Rule #1: Never Lose Money Rule #2: Never Forget Rule Number One
  • #3,077
  • Dec 31, 2014 9:45am Dec 31, 2014 9:45am
My last trade this year:
Attached Image (click to enlarge)
Click to Enlarge Name: 31-12-14-b-EURJPYM1.png Size: 65 KB


All the best to all of you and a HAPPY NEW YEAR!!
Michael
  • #3,078
  • Dec 31, 2014 12:36pm Dec 31, 2014 12:36pm
Nice trade Michael..nice one to finish the year with..

Well looking forward to next year and getting my trading sorted once and for all. Don't want too many days like today thats for sure..

Happy New Year everyone lets make it a good one...
Feel the Fear and do it anyway!!!
  • #3,079
  • Dec 31, 2014 4:37pm Dec 31, 2014 4:37pm
144 Weighted close LWMA + 144 median price Smoothed MA + 48 weighted close LWMA + 24 weighted close LWMA + 170/34 super woodie CCI + RSI7 + RSI 14 candles in action.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM5.png Size: 71 KB
Intraday only.
  • #3,080
  • Jan 1, 2015 8:06am Jan 1, 2015 8:06am
Dear NAVK, Can you please explain how you get your entries and exits from your last posted message.....Thanks.
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