Trading is as simple as ABCD

I have been in and out the whole morning and not pressed the button as yet.

Pity it jumped back on you, nice entry. I dabble with the nzd pairs but much prefer ga, ea, gj and ej for the very reason your trade shows.

Top of TT at 85 on entry. Pullback to area of S/R. Maybe entered a fraction early? (thoughts welcome). After the BE on EN i took the +15 here.

Thanks. I have EN GN EA GA EJ GJ open on small tiles ( i remember you do something similar) and if anything else creeps into the TT i can drag that on.

Looking to the left of your chart it retraced to a perfect SR level and I have W S3 at 179.81. I think Clive took entries like this early on when the cci was falling but before a neg close candle. On the face of it a fraction early but if you are happy that a falling cci for a pair thats top of TT is OK then thats what counts. Personally I'd prefer a neg close candle as the confirmation for a sell.

Thanks for your thoughts Mr V. I think i had fear of missing out syndrome on that one.

long gbp/jpy



messed that one up. got in late and didnt take profit when i should have. -9pips

short eur/cad



moved to BE

Hi Captainforex

Ooooh, do I know that little monster....???????????

Yes thats a big one "The fear of missing out" but it worked out ok this time I see..I really must do a post on the three fears of trading...



Mr V. is exactly right of course, when you have a strong trender like this GBPJPY top of the TT with a strength reading of 65 and the 14 CCI already turned over and leading you into the trade they will tend to workout ok.. Thats why we're trading with the strongest trenders we can because even a "bad" entry will turn good when you trade with a strong trend. Thats the whole point of this strategy...

Not that it was a "bad" entry Captainforex, just a little too keen...

Took this trade a little earlier when GBPUSD was almost 30 but the setup was a good one with nearly every other timeframe showing GBPUSD as a very strong down trend so took it and got to BE soon as I could...

Lets see if I can grab myself a handful of pips before going to work...

Nope just a BE there came down to yesterdays low gotta expect a bounce there I guess but then its gotta go through sometime if its going to continue with its strong down move... Of course its that "Inbetween Zone " too so not really surprised, but nothing ventured nothing gained..

GBP weakness across the board so looking down for sure...

Just a little thought im sat around twiddling my thumbs

something im trying at the mo

enter on m1 as per normal
when in trade change time frame to m5 and see if your trade is the same and can continue to trade by the m5

a.continues the trend longer
b.hopefully not stopped for BE butnin fact profit

maybe if m5 is good step to m15 etc

see if the keeps you into the trade longer for bigger pips.

to exit let say you gone as high as m15
if m15 is comming to end of the move step down to m5
if m5 is ending step down to m1

Or simply use a trail stop.on bigger timeframe and fine tune it as your commning down timeframes

Another way i suppose...and 2nd guessing clives reply lol

put multiple cci on chart eg 14 70 210 etc on chart but this will fill up your chart space

Hmmm think I can safely say I called that about right????? Only trouble is we haven't had a pullback to enter on, this is the problem when we get a really strong trender its very difficult to time an entry. Gonna look into this because its gonna happen more and more as we go forward, we are going to identify these strong trenders so have to have an entry strategy for it too.

Something along the lines of my "Catching a falling Knife method" put pending orders below every momentum swing on the CCI and get to BE very quickly...Have marked a couple of entries on this GBPNZD chart below..and took the last one..

Hmmm will have to work on that a bit....

reading your comment clive i couldnt help but think...the 100lwma lags and we miss the 1st abc of the start.i guess what we need to.do is identify that first a point or maybe a reversal?Could it be a case of using 2 ma on chart eg 20 and 100?

Knocked out at BE first time round but will give it one more go but after that its done with . The thing is with this "Knife catching act" is to get to BE quickly if you're right it should fall off the page and leave your stop alone if you're wrong you're out for nowt...

Just a mindset thing...

Hi Jason

Hear what you're saying earlier about trading higher timeframe signals off of the 1 min charts and yep , have no problem with that at all, and yep could be done with the higher timeframe CCIs on the 1 minute charts as you suggest 70, 210 etc . Because price can only go up or down so if you're selling an hrly signal then if you're right then at sometime the 1 minute has to reverse and trend down to complete your hrly signal so yes, identify the hrly signal (CCI turn on hrly) drop down to 1 min and sell the next LH CCI signal on the 1 minute move to BE quickly athen manage your exit off of your hrly chart. Hey presto you've caught an hrly move with a 10 to 20 pip stop all risk off the table and away you go....

Sounds great in theory but the problem is you don't know thats the last time the 1 mins going to turn down so most likely you will get knocked out at BE and have to repeat the process until you catch that last move down...So be prepared to get knocked off at BE quite a bit but the good news of course when you catch one is it will be a bigger winner...

As for using 2 MA's not so convinced of that one as the very reason I like the 100lwma is the fact it takes time to react so the pullbacks won't affect its slope too much so giving us a good strength reading. The lagging nature is an advantage in that case... But again use something like a 35lwma if you want but it will swing around a lot giving you a strong reading one minute then nothing the next....

But by all means give it a go....

My preference is to identify our strong trends from the slope of the 100lwma then look at the chart and confirm the trend is still in place by market structure in particular has the last AB move taken out the previous one?? EG in a downtrend has the last AB clearly taken out the last LL??

If yes trade the next pullback if no proceed with caution as your strong trend might be coming to an end...

Please find TTindy with alert and mail. Mail not testet.

Gotta go to work again today but an interesting LO with some great moves on GBP but just a bit too strong for a current system to give us a signal so will work something out for those super strong moves, just a matter of mindset really take the momentum swing get to BE and see if it goes or not, risk the same 10 to 20 pips and you're either right or wrong same as an hrly trade that takes 12 hrs to play out these will take 12 mins to play out, thats the only difference nothing else....

Anyway gotta go will try to look in every now and then so keep it going guys been seeing some great charts recently with some really strong trends, we just have to make the mindset change to the quicker timeframe everything else is the same, as the higher timef ames just quicker, trust me..

Just took this as strong trend down but in a correction phase, so sold at top of range hopefully will carrying on down with the trend but its got two chances I guess...

Catch you all later...

Quick update at BE now so can do what it wants...

GBPNZD knocked me off at BE so Switched to EURAUD 49 on trend strength so lets see where this goes??