Trading is as simple as ABCD

Long :

Price bar > 24 MA, 48 MA, 144 MA + CCI170 histogram green + cci 34 Line crossing 0 level from the bottom.

Short :

Opposite to Long entry rules.

Price bar above 24 MA , 48 MA but BELOW 144 MA + CCI histogram green : Do not go long. but if price bar goes below 24 MA, 48 MA and 144 ma + with CCI red histogram go short.

Long sample and short sample charts attached.

In GA chart, around 11.40 SERVER TIME, There was a short signal but not validated. How ?

Both 24 MA and 48 MA were above 144 MA, SO Short signal not validated.

If 144 MA, 48 MA and 24 MA are not in order, they are chopping, do not take any entires until it comes in order. Simple !

Clive, if I am deviating from original thread pl. tell me. I am putting the CCI as it is but on a 5 min chart with MA 's.

Hi Navk

No problem with your strategy as its very similar to mine. You're not diviating from the main message which is to trade strong trending pairs only, in fact the strongest trending pairs. All you are doing differently is using 3 MAs to establish the strong trending pairs. Then like me you're using CCI for entry, I like the woody CCI it again shows the strong trend with the entry CCI in a single indicator...

I will post later my newest "version" of my strategy which does exactly the same as you but just a bit simpler with a few less indicators. I want to post it so we are all on the same wavelength for the new year....

Anyway no problem with your charts...

Simple as ABCD trading strategy for 2015..

I've been developing my strategy over the last 6 months and improving it as I go, so would like to take this opportunity to show you all my current "version" of my strategy. There have been days when it seems an absolute doddle to trade my strategy and other days when it just doesn't seem to work very well, so it got me thinking , how can I identify these poor days and the easy days when I just can't go wrong...???

Well first of all I've decided to use the 100lwma as my guide to the trend. I've tried other LWMAs like 35 and 50 but they are too fast for the 1 minute charts so I decided to stick with my 100lwma. I particularly like it for a couple of reasons. Firstly by the time its developed a slope worth trading we are away from the battle Zone and just riding a nice established trend, secondly it stays top of the TTindy when price is pulling back so we know its still a top trender just pulling back for our entry and lastly it appears to work well as support and resistance and many times touch trades off of it lead to some big winners...

There is one disadvantage as it lags quite a bit so it does mean,that when I first pull my Top trenders chart up, I have to check market structure etc to ensure the pair is still trending nicely. Most importantly looking for that nice clear AB move taking out the last high/low. I need to see evidence from the price action that the trend is continuing..

So once I'd decided the 100LWMA was going to be my standard LWMA then I decided to go through this thread page by page looking at all my winning trades I posted looking for some clue as to why those days seemed so easy and yet others a real struggle...

Guess what I found???? This is going to make you laugh....

The good days when GBPJPY was flying the TTindy readings were well in excess of 30 plus... somedays as high as 60 to 100 on the TTindy... The stronger the trends the easier the day to trade... How strange when I bang on about trading strong trenders that I'd overlooked the most obvious thing of all...Only trade pairs over 30 plus on the TTindy!!!! The bigger the figure the stronger the trend....

I bet theres guys reading this and thinking, Jesus, didn't you realise that??? No I didn't, mad or what????

I just use to trade the top 4 pairs and that was it didn't take notice of the actual strength reading at all...So from now on I'm going to look for at least a 30 plus reading before even looking at a chart..Lets spend a minute here discussing what the figure represents, its the gradient or slope of the 100lwma(assuming you've selected the 100lwma) the figure is the gradient over the lookback period that you've selected so for me it would be the slope of the 100lwma over the last 15mins.

The actual calculation is pips/lookback period. Bear that in mind if you have different settings to me then your strong trending figure might be different to mine. These figures will change depending on your selected timeframe and the lookback period selected..

I'm not going to go into too much detail here about what the figures actually represent but suffice to say I'm saying no trades whatsoever under 20. No trend No trade!! My preferred figure is 30 plus..If you're trading other timeframes with the TTindy then I guess do a bit of back testing into which value gives you the best setups..

As well as using the strength reading for identifying strong trends to trade, I'm also going to use the figure to decide on a variation to my entry and exit strategies, basically on weaker trends say 30 to 50 I will wait for a deeper pullback to the 100levels and use a 14 CCI for entry and exit using my grab an orphan method. But on the stronger trends say 50 plus I'll be using an 8 CCI for entry, sometimes entering on a momentum swing like my "catching a falling knife" post 2863 http://www.forexfactory.com/showthre...82#post7946782. By the way if you check out that post you will see the TTindy was reading 156 a very strong trender. Also when its over 50, I'll be looking to hold and trade the trend so building several positions and closing out when the 100lwma changes slope.

I've had absolute nightmares over my exiting strategy not knowing when to hold or when to fold so hopefully using the trend strength figure will help... 30 to 50 grab an orphan. 50 plus build and hold on 100lwma slope change.

The basic strategy hasn't changed from the start. I'm looking to follow the money as it comes to the market by identifying the strongest trending 1 minute trends entering on the ABCD formations, either by pullback, my preferred method or even on very strong trenders by breakout trades. For more details on entry method and the ABCD formation look at post 1724 http://www.forexfactory.com/showthre...80#post7780780.

Ok so lets look at the new "version" of my strategy in its simplest form remembering its all about "following the money" at market opens and hopefully make some money this coming year...

 

1. The first filter is time of day. We're looking to follow the money as it comes to the market so look to trade market opens only eg LO, NYO and Asian open too. I've found the best to be LO and NYO especially. The NYO is my favourite when the two biggest markets are trading together..
2. Our next filter is to only trade strong trending pairs so to that end we will only be trading the top 4 pairs from the TTindy and from now on the new minimium value on the TTindy, only trade pairs when TTindy strength is 30plus... If less than 20 then no trades whatsoever. Remember.. If it ain't trending strongly we ain't trading..
3. Look for our ABCD pattern to setup with a strong AB move and a smooth BC move identified by our CCI indy. I'm using a 14 nowadays but if a really strong trender say 50plus on the TTindy then may drop down to an 8 CCI.
4. Entry is when the CCI goes over a 100 level then gives us a shorter candle, thats our signal candle place a pending order 2 pips above/below that candle. The Entry is explained in detail on post 2172 here http://www.forexfactory.com/showthre...39#post7856639.
5. Place initial stop behind your key level (10 to 20 pip max), behind 100lwma is best. Move to BE asap after entry candle closes usually about 3 pips. These entries on strong trenders will either go or won't so no need to worry about going to BE too quickly and if you are knocked off at BE , don't worry on these 1 min charts another entry will be along shortly..
6. Exit will vary depending on the TTindy strength reading between 30 to 50 exit at point D when price falters at the next level..If over 50 then look to build and hold until LWMA changes slope.
   ​

Just to show how effective the new strong trending TTindy figure is this GBPJPY LO move was showing between 50 and over a 100 at one time and the setups flowed...If I had held the 4 entries I would have bagged about 250 pips on the 100lwma slope change..

So to summarise I'm going to be trading almost the same as I have up to now but just making some trading decisions based around the TTindy strength figures. The biggest change being only trading 30 plus trends from my TTindy. Hopefully its going to lead to a very prosperous New Year...

Clive I understand the importance of TT indy.

Can you clarify, the 30 + value in 1 min or 5 min TF ?

Thanks.

Sorry should of said all the figures I discussed in my post above are related to the 1 min TTindy..

I don't use the 5 min settings too much but if you're using the 100lwma and the lookback set to 12 same as me, then I'm thinking 50 plus??? Just looking at my 5min TTindy with GBPNZD is top with a 92 reading and looks very tradable as does GBPAUD 60, GBPCHF 53 and even EURUSD with a below 50 score of 47. GBPJPY not so good but it had a massive spike just before the close so not really a good example to use.









I guess the thing to do is use 50 plus until proved otherwise. got to be honest they look like nice charts to trade don't they???

EDIT: Actually just checked USDCHF number 8 in the 5 min TTindy with a reading of 41 and still looks nice so maybe 30plus is good enough for 5 min too??? Heres its chart...

Where do you put the stopp?

The TT indi default setting is 100 lwma for both TF1 nd TF2. The look back for TF1 is set to 15 and for TF2, it is set to 12.

Is this right or both have to be set to 12 ?

Chris,

See the attached indi as you sent PM.

A quick 20 + in this trade. Booked.

A quick 15 in this.

Overall, good money made in Asia today. See the chart how it worked for me.
First trade EA short.
Second and third trades GA long.
Exactly as per my system rules.

More good trades.

Hi All. Please tell me how to gain access to your TTindy. Do I need to trade off a specific platform? I have been looking at a million strategies and I think you have the winner here Clive!

Hi Pipglutton

Glad you like it and i agree its a winner and very simple strategy with the TTindy being at the source of it all as it makes it all work. We just need to identify strong trending pairs no matter what timeframe we trade.

You're find all my indys including the TTindy (its called top 8 trenders all brokers) Here at page 80 post 1581 http://www.forexfactory.com/showthre...29#post7757229 it runs on MT4 platform.

Welcome aboard post your charts if you get the chance...

Thanx a million Clive.
Regards, Pieter

First trade in 2015



I don't normally trade this pair but it was showing strong up movements up to the daily and it was bouncing off the kijun and R3 of the fibo-pivot--only missed the first 17 pips...

Nice trade to kickstart the year...

Looks like a nice strong trender, did you see my post on sticking to the strongest trenders eg 30plus reading on TTindy???