Trading is as simple as ABCD

Clive
You must stop doubting yourself, you have got the method, Mr V and many of the guys have told you this many times, but you just keep on tinkering, searching for the Holy Grail. To me you have spotted a very good m/avg your 100lwma, and you are just trend trading in the same direction as that, its that simple you do not need anything else, the 100lwma looks pretty good on all timeframes,
Just look at any timeframe, we will take your 1min candle, if you saw a 5pip or 10pip range candle reversed quickly do you view that as important, look to see how many 10pip 1min candles their are in a day, so if you saw 5 x 10pip up candles on the trot would you not take profit , or a 60min x 50/60 pip candle when a Daily range might only be 100/120 pips, to me that's trading (scalping if you like) which brings us to the question how do we get the Daily Range it can only be by making new 1min 5min 15min etc etc highs or lows until the range is built. When I see a abnormal high range bar reversed (any timeframe ) I take note it must mean something
As I have said before I view a bigger timeframe as THE STRONG TRENDER and enter off your 1min all I do for this is if I am taking a Buy my signal is when the whole of a 1minute candle (low) closes ABOVE the 100lwma I enter, now if this candle is 5 pips my stop goes in 5 pips plus spread Below the 100lwma then I just keep looking to the left checking the last meaning full swing points always being mindful of ATR
I guess if you wanted to run a trade once its moving your way your stops could trail by looking at the 100lwma on various timeframes and they would also show you resistance or targets as your trend gets stronger and stronger
The above refers to the Gbp/Usd as I trade that mostly but it does check out on all the other pairs but as a OAP I can only cope with one at a time and most days it moves 100/120 ish so their enough pips for me.
Clive remember the guys that design the engine don't make the best drivers ( F1 - L Hamilton) that's meant as a joke. Clive trading is easy THANKS to you, and the 100lwma now stop designing engines and start driving

Thanks to George, Navk and OAPdave regards your posts on higher timeframes being used in conjunction with the 1 minute timeframe. I can see where you're all coming from and I guess if we look up at higher timeframes we will see ABCD patterns playing out on the 1 minute.

However I'm personally not paying too much attention to higher timeframes to give me a directional bias but it does make complete sense to trade the higher timeframe levels like yesterdays high,low and close plus Daily and weekly pivots etc. In fact I'd go as far as to say some of these levels regularly provide our biggest runners causing the present days lows and highs of the day...

But the reason I'm not looking for a directional bias from higher timeframes is simple. Most 15min , hrly and even some daily runs start at the market opens especially LO and NYO. So I don't think we have to look any further than our 1 minute charts around these opens as its these times when the higher timeframe runs start from. Remember the 1 minute timeframe builds all these other timeframes, its not the other way round....

Take GBPAUD for example from last Friday , even though it was NFP day the market opens still provided the runs and LO was up about 100 pips and the NYO was down 100 pips so wheres the use of the higher timeframe bias????





Remember also that to my mind we are trying to follow the money as it comes to the table at market opens or if you prefer "The London breakout trade" so just watch for the strongest trending 100lwma's and jump on board.

To that end I've been going back through these LO and NYO's and its painfully obvious just like last Fridays examples above we wait for just after the actual open and then identify our strongest movers. Wait for the news event , like NFP friday and then look for a strong trender to jump on board. Oh and whilst I'm on the subject of biggest movers have a look at this little table showing the biggest movers for the last 5 days with their average daily range. I'm keeping a closer eye on the top 7 from this table so if I do catch a move it might be a whopper!!!



Last thing I want to talk about very quickly is the fact that now we're focusing on strong trenders over 30 plus reading on the TTindy that we are not going to get a full +/-100 signal from our CCI so I'm looking for swings in momentum rather than a full 100 level signal. Mr V. has mentioned many times he's looking for a 200 momentum swing rather than a 100 level signal and I think he's right.

Heres a chart of GBPNZD to illustrate the three things I'm talking about in this post...GBPNZD is biggest mover (biggest daily range) plus its making a strong move just after the LO and its so strong a trend it doesn't pull right back to the -100 level but the momentum swings give us some great entries...



As you all know I've not been about too much lately due to a new job but I will try to trade the LO and NYO everyday if I can , probably just after each open and see how I get on...

catch you all later guys...

Hi OAPDave

Many thanks for your post I am starting to get the message from you guys like Mr V., George, Navk and your good self...

Stop tinkering and get on with it...

My system works full stop so time to stop tinkering and focus on trading ..

Ok Dave, message received I will I promise..

Happy new year Clive and have a great week. You do have a sound method. Whilst there is no guarantees of future movements, your method does prevent major knee jerk reactions.

Hi Guys.
Do we have a daily pivot indicator we can download?
Doing them one by one is a huge pain in the neck....

Evening Clive
A simple check list example Gbp/Usd
60min chart 100lwma 1.5117 = Price above
30min chart 100lwma 1.5118 = Price above
15min chart 100lwma 1.5137 Price above
5 min chart 100lwma 1.5157 Price above
1min chart 100lwma 1.5167 Price above


So are you looking for BUYS or SELLs ????????

look in forex factory for thread called sonicrsystem

download there indicators and i believe sonic 4 is the one you may want

Thanx devontrader
I downloaded but it does not pull through.....

have you made sure you have put the tick in the import all dll setting under common tab?

you should do this for all indicators you have

Pipglutton

i know clive uses a different indicator for pivots which i also have

but

im not sure if clive wants me to hand that out,,,,that is for clive to do if he so wishes

Clive, see the attached chart and you will know the importance of higher time frame. You said the price bounced in London session then dropped in NY session. why ?

In London session, the price bounced off from weekly support 3. It makes sense. If it bounces, the next important level to look for is daily pivot. It broket daily pivot also but most importantly it never broke 4 hr trend line ( 320 SMA ). Bounce from weekly support 3 is trad able ? For me no, I wont trade.


320 SMA is the 4hr 20 MA, which is the bias for us. The price fell below daily pivot line, all moving averages confluence was there below daily pivot at 1.8583 The same is also confirmed by CCI, and M Candle ( 4 hr ) to good to short, correct ? Where will you book profit ? I will book my profit at daily S1. This is what exactly happened.

Clive
Lets have a light hearted battle about your statement in post 3222, yes every trend starts from 1min but what does that really mean. Lets say your 1min trend goes strong enough to turn into a 5min trend then carries on into a 15min trend but then the 1 min turns round, you now have a 1min one way and a 5min and 15min going the other and acting as support, what do you do ?, then the 1min gives you a few pips or you even lose a few pips and turns round again into the same direction as 5min and 15min.Now look at the charts you posted was the 1min supported by another bigger 5min 15min etc timeframes.
Sorry I will have to take you on in short bursts as my typing, spelling and grammar are not up to scratch

can you please post your indicators and template so i can plot on my charts to follow along?

Here.

Thanks a lot for this thread.can you please post the indicators and template to catch up with you.

This thread is Clive thread. I do not want to confuse and complicate

If he allows I shall post my indis and template. But the system has been explained in my previous post - 3215.

personally i find i see things easier with it on my charts,,,just something i prefer over pictures.

if you dont want to post here then please feel free to email to me

[email protected]

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