Trading is as simple as ABCD | Page 157 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gartley/bat/crab/butterfly/abcd/three Drives Pattern Indicator Help 50 replies

Abcd fibo retracement trading journal 109 replies

ABCD - My way 122 replies

ABCD Fibo 82 replies

abcd patterns 1 reply

Attachments: Trading is as simple as ABCD
Exit Attachments

Trading is as simple as ABCD

  • #3,121
  • Jan 4, 2015 8:06am Jan 4, 2015 8:06am
Quoting devontrader
just thought i would throw a chart together with bits on it and see what people thought. what im trying to do is exactly the same method as clive but instead of on the 1min timeframe maybe use a higher one to catch the bigger longer moves and reduce drawdown. i have more then i should on here so wanna reduce with thegroups help to what i really dont need how can we identify a bigger longer move rather then enter the 1min and keep getting stopped out for breakeven trades? basically enter on 1min and let it run,,,,would we better identifying a trade...

Jason (Devontrader) my old fruit, I'm not sure you're quite grasping what this thread is all about???

I'm not going to go on too much but suffice to say I think you need to read this thread a bit more...

I've covered nearly every point you're questioning in your last few posts including trading higher timeframes with my strategy...This strategy can be traded on any timeframe, I've done loads of posts on this, check the thread..

As for using different indicators I think you missed the point of my last post, if you've got a strong trend then all indicators work fine, just choose the one you like...

This is a swing trading strategy. What Jason do you think the CCI does??? Its follows the swings/waves as good as any indicator I know its what it was designed to do, identify the waves/swings...

Jason , I'm gonna give this strategy to you as simply as I can and it works on all timeframes exactly as it is....

 

  1. Identify a strong trend from the slope of the 100LWMA. (TTindy)A to B leg.
  2. Wait for a pullback (CCI) to a key level B to C move.
  3. Enter on pullback (C) get to BE quickly.
  4. Exit when price falters (D).

​
Thats it mate simple as ABCD........

Feel the Fear and do it anyway!!!
  • #3,122
  • Edited 9:23am Jan 4, 2015 8:38am | Edited 9:23am
Quoting clivepackham
{quote} Navk, the settings are 15 for the 1 min indy as theres 15 one minute candles in the 15 min timeframe and I use 12 for the 5 min as theres 12 five minute candles in the 1 hr candle. I just go up to the next timeframe but they can be whatever you like just remember the "lookback" setting gives you the length of the slope you're measuring so 12 on the 5 min is measuring the last hours price action. That means its telling me which pair has moved the most over the last hour..so whatever you use just remember what you're measuring.. Godsclown,...
Thanks a lot Clive. So, the idea is to confirm"30 " number or more in 15 miniute TF thro TT indy and then check 100 LWMA + CCI in 1 min TF for entry. Right ?

Basically you confirm the trend in 15 min TF and take entry in 1 min TF
Intraday only.
  • #3,123
  • Jan 4, 2015 10:39am Jan 4, 2015 10:39am
Quoting clivepackham
{quote} Hi Flaviu1981 Are you referring to the template I trade normally or did you mean the one for that particular chart on that post??? If you did thinking its a great template to trade ,I'll let you into a little secret its not the template thats great, its the strong trend that makes it all work... Look at the 100lwma sloping at about 45 degrees , thats the reason this template looks so cool and all the indicators are signaling so well. Its the strong trend making it all work... That my friend is the secret to trading forex, just make sure...
When do we have 45 degrees?

By the way, I did minor change to the TTindy. Now you can choose corner to display and I add a delete function, since it did stay on chart even after deleting it.
Attached File(s)
File Type: mq4 #top 8 trenders all brokers(mod).mq4   8 KB | 310 downloads
  • #3,124
  • Jan 4, 2015 11:22am Jan 4, 2015 11:22am
Quoting navk
{quote} Thanks a lot Clive. So, the idea is to confirm"30 " number or more in 15 miniute TF thro TT indy and then check 100 LWMA + CCI in 1 min TF for entry. Right ? Basically you confirm the trend in 15 min TF and take entry in 1 min TF
Hi navk

I got a feeling this is going to get a bit confusing here trying to answer your question so I will do my best.

No I don't do that , I don't wait for a strong trend in the 15 min timeframe and also 30 would not be that good for a 15min timeframe. I've noticed that the trend strength figures do differ as you go up the timeframes. For instance look at this chart below where I've put all the timeframes TTindys on one chart. Look how the strength figures differ from 30 on a 1 minute is a strong trend but the figure gets progressively bigger as we go up the timeframes, so to use 30 on the 15min TTindy wouldn't be correct as strong trends appear to start around the 100 mark on the 15 min TTindy.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 36 KB


However that said the theory you're working on is not a bad one, that is wait till something is trending strongly on 15 min (whatever the trend strength figure is)then look for entries in the 1 min in that direction. Look to enter once the 1 min 100lwma turns in same direction as 15 min trend and take first couple of CCI signals that way. Makes sense...Have a look at this GBPJPY top of 15 min TTindy and look at the entries from the 1 min chart when the 100lwma turns down again the first few CCI signals are good..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 72 KB



But what I've found in the past is by the time its registering as a strong trender on 15 min a fair amount of pips have gone by already. Thats why I generally start on the 1 min and look up to see what I've caught...

The actual way that I'm looking to trade going forward is just off of the 1 min TTindy with an eye to the 5 min TTindy. Soon as it goes over 30 plus then I'm keen to find a pullback get to BE then look up the timeframes to see what I've caught??

But listen, thats the thing about the TTindy its just an indicator and its our job to interpret the information as we see fit. Use it as you will because the bottom line is price can only go up or down so all we have to do is decide which chart we like the look of then jump on board at the next pullback.

For me its all about identifying a chart where you have no doubt which way its going eg trending strongly either up or down, then wait for a pullback and jump on board and hold on tight...

Now the question is what denotes a strong trend on each TTindy timeframe?? Well looking at my chart above and quickly checking out each chart to see how they stack up I'd say its something like this...

1 minute =30 plus
5 minute = 50 plus
15 minute = 100plus
1 hrly = 150 plus
4 hrly = 300plus
daily = 1000 plus

Thats just my take on it, bottom line is to only trade pairs from the top 4 of the TTindy as at least you know they are the 4 strongest trenders on that timeframe...That said of course theres going to be exceptions but we can only work with highest probabilities and at least we know we have a strong trend behind us. Of course it doesn't guarantee a winner just gives us an edge to work with...

I would recommend that we all experiment with these readings , pull their charts up and see if you like what you're looking at..If it doesn't look good to you don't trade it. But one thing is for sure this works no matter what timeframe you trade, look at this top trending daily chart of USDJPY

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 52 KB


Bottom line no matter how you want to interpret the TTindy as long as you're trading strong trends you're be fine...
Feel the Fear and do it anyway!!!
  • #3,125
  • Jan 4, 2015 11:34am Jan 4, 2015 11:34am
Quoting GodsClown
{quote} When do we have 45 degrees? By the way, I did minor change to the TTindy. Now you can choose corner to display and I add a delete function, since it did stay on chart even after deleting it. {file}

Hey thats cool thanks GodsClown I don't suppose you fancy another little bit of coding??? I would really like it if the TTindy had a function where it alerted and emailed when the strength reading went over a certain strength, like 30 for example on 1 min timeframe???

Would save us sitting there staring at the screen waiting for something to happen...

I've also got a little EA under test that will trade my strategy so as soon as we get a top trender alerting us to a nice strong trend just drop it on and it will take every CCI signal and close out when the 100lwma slope changes back...

Wouldn't it be great to get an alert/email turn on your chart and if you like what you see drop the EA on and go about your day whilst your little EA works away for you??? I'll let you into a secret the day I got 678 pips from one morning session thats exactly what I did, also I interfered with it and closed some trades out but if I had let it run its course until the 100lwma changed slope it would of made 1600 odd pips...

Theres food for thought for you all...

Let me know if you can...
Feel the Fear and do it anyway!!!
  • #3,126
  • Jan 4, 2015 12:32pm Jan 4, 2015 12:32pm
Hey c'mon Clive, you've got me salivating!!
  • #3,127
  • Jan 4, 2015 12:33pm Jan 4, 2015 12:33pm
Quoting clivepackham
{quote} Hey thats cool thanks GodsClown I don't suppose you fancy another little bit of coding??? I would really like it if the TTindy had a function where it alerted and emailed when the strength reading went over a certain strength, like 30 for example on 1 min timeframe??? Would save us sitting there staring at the screen waiting for something to happen... I've also got a little EA under test that will trade my strategy so as soon as we get a top trender alerting us to a nice strong trend just drop it on and it will take every CCI signal and...

Developing an EA ith this strategy is a good idea.

All the best, once testing is done, pls. share with us.

Also I noted the TT indi readings you look for to trade. Thanks.
Intraday only.
  • #3,128
  • Jan 4, 2015 3:44pm Jan 4, 2015 3:44pm
Quoting Pipglutton
Hey c'mon Clive, you've got me salivating!!
Lets see if we can get you really drooling...

Just ran my EA on strategy tester for last Friday on GBPJPY set at 0.1 lots per trade,heres the results first of all the morning run...

Attached Image (click to enlarge)
Click to Enlarge Name: Strategy test results gbpjpy 2nd jan morning.PNG Size: 18 KB


Works out about 1168 pips I believe.

Then the afternoon run...

Attached Image (click to enlarge)
Click to Enlarge Name: strategy test results gbpjpy 2nd jan15.PNG Size: 18 KB


Thats another 526 pips and you have a grand total of 1168+526=1694 pips in a day... so trading at $1 per pip you've got $1,694 not enough to live on I know but a good start..

Have a look at some of those figures guys, absolute drawdown $14.11 on the morning run and $27.64 on the afternoon run.

Now I did optimize the settings there to increase risk so it was risking 3 trades open at any one time not at break even which means worst case it would lose 3 trades at 0.1 lots size. If you wanted to reduce the risk so only one trade is open at any one time you can eg it won't take another entry until the earlier ones at BE.I

You see the idea is very simple as long as price keeps going down (100lwma red) then it just keeps taking every sell CCI signal it gets until the 100lwma turns up, it moves them to BE after the first retest of entry hence you can have up to 3 trades open at any one time not at BE.

My thoughts are to wait until the TTindy goes 30 plus then drop it on and see what you get. It will keep going until the 100lwma turns back up..

I can set it to only ever have one trade open and not at BE at any one time so the worst case is it loses one trade if price immediately turns against you on average about a 20 pip loser but if price keeps going your way then it just keeps adding at every CCI signal so the amount of winners is unlimited but you're never have more than one loser ever....

Think about that guys, if you're right and price keeps going down like GBPJPY Friday then unlimited winners however if price goes against you only ever one loser....

When you're right you win big, when you're wrong you lose small, the very trade mark of a successful trader...

All under test at the moment but if GodsClown can get that email alert going we don't even have to sit there and watch it,wait for an alert, then just drop it on and let it go...
Feel the Fear and do it anyway!!!
  • #3,129
  • Jan 4, 2015 3:57pm Jan 4, 2015 3:57pm
Drooling!? I'm like a Rottweiller with its nose up against the butchery window!
Great stuff!
  • #3,130
  • Jan 4, 2015 4:34pm Jan 4, 2015 4:34pm
Excellent. Your constant focus on what works is what makes a great trader. Congrats.
  • #3,131
  • Jan 4, 2015 6:25pm Jan 4, 2015 6:25pm
Quoting clivepackham
{quote} Lets see if we can get you really drooling... Just ran my EA on strategy tester for last Friday on GBPJPY set at 0.1 lots per trade,heres the results first of all the morning run... {image} Works out about 1168 pips I believe. Then the afternoon run... {image} Thats another 526 pips and you have a grand total of 1168+526=1694 pips in a day... so trading at $1 per pip you've got $1,694 not enough to live on I know but a good start.. Have a look at some of those figures guys, absolute drawdown $14.11 on the morning run and $27.64...
Clive, Fantastic results in the first and second run, I would advise keep the setting of the first run intact, as always by trying to optimize, we may loose good setting.

Once done, pl. share here I too would like to demo it.

Good luck for your continued effort.
Intraday only.
  • #3,132
  • Jan 4, 2015 7:27pm Jan 4, 2015 7:27pm
Here is first idea of TTindy with alert. Now I need you to test if it actually works, since testing live is diffuculty.
I have two versions, please test both.
Just set ModeAlert to true.
Attached File(s)
File Type: mq4 #top 8 trenders all brokers(mod_Alert).mq4   10 KB | 217 downloads
File Type: mq4 #top 8 trenders all brokers(mod_Alert)_v2.mq4   10 KB | 243 downloads
  • #3,133
  • Jan 4, 2015 7:50pm Jan 4, 2015 7:50pm
Bug fixed version. And good night.
Attached File(s)
File Type: mq4 #top 8 trenders all brokers(mod_Alert)_v3.mq4   10 KB | 378 downloads
  • #3,134
  • Jan 4, 2015 11:10pm Jan 4, 2015 11:10pm
Great GodsClown.
Where will it pick up the e-mail address to send to?
  • #3,135
  • Jan 5, 2015 12:57am Jan 5, 2015 12:57am
Quoting GodsClown
Bug fixed version. And good night. {file}

Thanks GodsClown will test it out today and let you know how it goes...

Really appreciate your time and hard work here , many thanks..
Feel the Fear and do it anyway!!!
  • #3,136
  • Jan 5, 2015 1:01am Jan 5, 2015 1:01am
Quoting clivepackham
{quote} Thanks GodsClown will test it out today and let you know how it goes... Really appreciate your time and hard work here , many thanks..
Just loaded new TTindy onto chart and I see theres no level to set it at so does it alert when strength 30 hit on 1 min???

Is it just email at the moment might be nice if it had sound and pop up alert and a strength level setting??

Or am I pushing my luck?????
Feel the Fear and do it anyway!!!
  • #3,137
  • Jan 5, 2015 1:06am Jan 5, 2015 1:06am
Quoting Pipglutton
Great GodsClown. Where will it pick up the e-mail address to send to?

You're have to set your email up in the Tools-options-email menu on your MT4 platform ...........
Feel the Fear and do it anyway!!!
  • #3,138
  • Jan 5, 2015 1:31am Jan 5, 2015 1:31am
Bit of JPY weakness creeping into our 1 min TTindy but Fridays low is in the way on EURJPY so not too keen to trade into that dispite the nice 30 plus reading so will hold fire plus we're in this FO....LO Zones this Inbetweeners Zone ....

Attached Image


Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 62 KB
Feel the Fear and do it anyway!!!
  • #3,139
  • Jan 5, 2015 1:47am Jan 5, 2015 1:47am
Heres a prime example of when not to go with the TTindy top trender....

GbPAUD 38 on the TTINDY down but theres no way you can sell this????

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 70 KB


Also we're in this "Inbetweeners Zone" so just sit back and let Frankfurt and London fight it out once they've sorted themselves out and theres a clear winner we can jump on board....
Feel the Fear and do it anyway!!!
  • #3,140
  • Jan 5, 2015 1:54am Jan 5, 2015 1:54am
I'm afraid I'm off to work now guys and as its a new job I'd better get there bright eyed and bushy tailed ready for the off!!!!

Thats one of the reasons I want this email alert on the TTindy so I can have a quick look at work and if I like what I see drop my EA on to get on with it whilst I work away at my desk... Hope GodsClown can sort this out...

Anyways I'm of the mind we have to develop this FO/LO strategy so most mornings let this time pass and wait for the really strong clear trends just after LO. If we look at GBPJPY last Friday both the morning and afternoon runs came just after LO and NYO respectively so thats probably the best way to go with this London/NYO breakout strategy..

catch up with you all later...
Feel the Fear and do it anyway!!!
6 traders viewing now