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Trading is as simple as ABCD

  • #3,301
  • Jan 14, 2015 5:03am Jan 14, 2015 5:03am
Mr V
No problem, your one of the few good guys, Now I have what I think is a good way of finding the trend 100lwma (that's all I use no cci) my work is all about when to bank the profit that is were I bang the drum as to the range expectation for a daily 4hr 1hr 15min 5min 1min candle, take for instance the uk time 7.00- 8.00 candle around 78 pips it stands out like a sore thumb and as I type the high and low is still in place. I was lucky to be at the party early and even better still it was the bit of a blast up, a lot more than a normal 60min range
  • #3,302
  • Jan 14, 2015 5:03am Jan 14, 2015 5:03am
Another example, eur weakness across the board should make eur sells a higher chance of success.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 38 KB
Click to Enlarge Name: EURJPYM5.png Size: 39 KB
Click to Enlarge Name: EURNZDM5.png Size: 41 KB
  • #3,303
  • Jan 14, 2015 5:23am Jan 14, 2015 5:23am
Quoting OAPDave
Mr V No problem, your one of the few good guys, Now I have what I think is a good way of finding the trend 100lwma (that's all I use no cci) my work is all about when to bank the profit that is were I bang the drum as to the range expectation for a daily 4hr 1hr 15min 5min 1min candle, take for instance the uk time 7.00- 8.00 candle around 78 pips it stands out like a sore thumb and as I type the high and low is still in place. I was lucky to be at the party early and even better still it was the bit of a blast up, a lot more than a normal 60min...
Exits are the most difficult things to get right. I recall Ronald Raygun talking about writing ea's for systems and he said he was most interested in ideas on exits. He has probably coded hundreds of methods, been there done that and his biggest challenge - exits.

In general items to consider - total length of run, proven SR levels, W pivots, 2nd tough area (pivot etc) after entry, RR multiple (what would be OK 3:1, 4:1?).

A classic example yet again of SR being a possible exit area. GBPAUD, if you hadn't done the most basic of pre trade analysis to see the Y's high/US session high were possible exit points then you are not doing yourself any favours.

I've had 30-40 pip moves come and take me out at BE. Next day you get a massive move like today. All you can do is be happy if you're up, look to see where you exit too early and try and improve but then accept if you "go for it" and you're out at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 34 KB
  • #3,304
  • Jan 14, 2015 5:51am Jan 14, 2015 5:51am
Mr V
I am not going to open a can of worms talking about banking profits, I will just state my rather silly thoughts,
If you have a method entry that gave you 100 pips 40% of the time
50 pips 60% of the time
25 pips 100% of the time
how would you stake it and what would you shoot for ????????

Do not want to divert the thread away from Clive, its just something that I am playing with, to me you would have a happy financial life banking 25pips out of every trade and walking away, but as I have stated my silly thoughts only
  • #3,305
  • Jan 14, 2015 7:02am Jan 14, 2015 7:02am
Hi, was checking this thread out and thought I would name an indicator you may or may not have heard of, but seems like it would work here with the ABCD pattern searches. The Zig Zag indicator.

It comes with MT4 under custom indicators and the FXCM platform which I'm using.

Sorry if it doesn't work
  • #3,306
  • Edited 8:24am Jan 14, 2015 7:41am | Edited 8:24am
Hahahaha thanks Clive in no way have I been interested in anything other than Buying the Gbp/Usd since around the 9th just buy bank rinse and repeat, Clive, Mr V, Navk and a few more guys on here a big thanks from OAPDave, its been said many times you can make money out of bad trades but its just a little easier with the trend on your side.
  • #3,307
  • Jan 14, 2015 8:04am Jan 14, 2015 8:04am
Quoting Vantage
{quote} Exits are the most difficult things to get right. I recall Ronald Raygun talking about writing ea's for systems and he said he was most interested in ideas on exits. He has probably coded hundreds of methods, been there done that and his biggest challenge - exits. In general items to consider - total length of run, proven SR levels, W pivots, 2nd tough area (pivot etc) after entry, RR multiple (what would be OK 3:1, 4:1?). A classic example yet again of SR being a possible exit area. GBPAUD, if you hadn't done the most basic of pre trade...
Very good post. I faced this many times. Typical example is in this GA move in Asia/FF.

My entry was a good entry and it moved 250 pips. My entry was approximately 30 pips from the bottom for the day. In the 220 pip move, I got out first time with 60 + Second time merely 20 +.

But again, I am happy if can make 2 % of my capital in a day though I made 7 % for today.
Intraday only.
  • #3,308
  • Jan 14, 2015 8:08am Jan 14, 2015 8:08am
For those who are interested, see the a/c statement ( sample ).

A capital of 5k will make you very rich by the end of the year if you concentrate to book only 2 % per day.
Attached File(s)
File Type: xlsx sample.xlsx   52 KB | 431 downloads
Intraday only.
  • #3,309
  • Edited 9:06am Jan 14, 2015 8:37am | Edited 9:06am
Right on the money again Navk hope that shows guys that you do not have to make 100s of pips a day to be deemed as successful in this game
The MarketMakers Will show it to you
Even give it to you
But if you do not take it
They will take it back off you and with a little interest
  • #3,310
  • Jan 14, 2015 10:51am Jan 14, 2015 10:51am
Quoting Vantage
Another example, eur weakness across the board should make eur sells a higher chance of success. {image} {image} {image}
what indicator are you.using for your.pivot and s&r
  • #3,311
  • Jan 14, 2015 10:54am Jan 14, 2015 10:54am
Quoting Vantage
{quote} Hi devontrader Do you need much more than LO clean ab move lower test of range small bc retrace, entries given when cci retraces? It doesn't get much simpler. GBPAUD was high on TT. The only thing I continue to look at is agreement across pairs. At the time euraud was agreeing and there was a lot of aud strength on TT. Godsclown I have had to take your alert off my charts. As good as it was it really slowed my computer down. {image}
was ref navk chart not clives
  • #3,312
  • Jan 14, 2015 1:25pm Jan 14, 2015 1:25pm
Quoting clivepackham
I really must go soon but today has been very useful for me and confirms what I have been thinking the last few weeks over the Christmas break. We have here a very good and safe entry system that works 70% of the time now all we've got to do is work out how to make the most of those entries... I've got to revisit a few things in my strategy to sort it out and sure its going to take time but trust me we are onto something here that is very very useful... Just look back at the charts I've posted today all up several pips and at BE with risk off the...
Here is a former poster who is happy to scalp 10 pips a time and make a good living out of it. Bit of a character who takes no prisoners but is worth a look at since he, like you, uses the smaller time frames.

http://www.forexfactory.com/ryanmcd
every Saint has a past. Every Sinner has a Future
  • #3,313
  • Jan 14, 2015 3:14pm Jan 14, 2015 3:14pm
Hi and congrats for this nice thread !
I have downloaded the ' CCI signal with trend strength' indicator from GodsClown, nice thing.
I want to use it on a M5 chart and I think the settings are for M1, what would they be for M5 ?

Thanks, Wulong.
  • #3,314
  • Jan 14, 2015 5:42pm Jan 14, 2015 5:42pm
Hi guys

Got problems with desktop so using mobile to post so might be a bit scrappy.

Love all the activity in my absence please keep it going. Not convinced of the higher time frame arguments other than levels but let's not go there today until I can post some charts. Just suffice to say follow the 1 min top tenders and once you've caught one look up to see what you caught rather than the other way round.

Price can only go up or down so trade charts where you have no doubt which way it's going. Desperately want to get back to trading LO and NYO but new job getting in the way... Once I get settled I'll be back..

All you need to do is wait for ttindy to give you a strong 30 plus signal then go for it on every momentum swing with the trend..

Simple as that grab the momentum run job done...

Caught a couple this morning on GBPJPY for a quick 45 pips now what more do we need at say 1% per pip????

Gotta go this mobile typing is driving me crazy..
Feel the Fear and do it anyway!!!
  • #3,315
  • Jan 15, 2015 12:02am Jan 15, 2015 12:02am
Quoting Wulong
Hi and congrats for this nice thread ! I have downloaded the ' CCI signal with trend strength' indicator from GodsClown, nice thing. I want to use it on a M5 chart and I think the settings are for M1, what would they be for M5 ? Thanks, Wulong.
if your cci on 1 min is 14 then 5minx14=70cciif.your cci is 8 then 5x8=40cci for the 5min when your looking at a 5min cci on the m1 chart
  • #3,316
  • Jan 15, 2015 1:45am Jan 15, 2015 1:45am
The better entry was around 1.8535. GBP weak across many pairs in TT list. I had earlier exited a GN sell for just above BE when it just didn't want to go, that made me miss the better entry here. Exited for +20 when it didn't want to go lower after a couple of attempts. I was aware of the time of day, length of run already, the fact I had missed the better entry and the obvious support from the D low a few days ago. So happy with the end result.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 44 KB
Click to Enlarge Name: GBPAUDM1.png Size: 36 KB
  • #3,317
  • Jan 15, 2015 2:45am Jan 15, 2015 2:45am
Quoting devontrader
{quote} if your cci on 1 min is 14 then 5minx14=70cciif.your cci is 8 then 5x8=40cci for the 5min when your looking at a 5min cci on the m1 chart
Many thanks, Devontrader !
  • #3,318
  • Jan 15, 2015 3:08am Jan 15, 2015 3:08am
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 61 KB
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm1.png Size: 53 KB
Feel the Fear and do it anyway!!!
  • #3,319
  • Jan 15, 2015 3:20am Jan 15, 2015 3:20am
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 65 KB
Feel the Fear and do it anyway!!!
  • #3,320
  • Jan 15, 2015 3:27am Jan 15, 2015 3:27am
Nice one Clive.
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