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Trading is as simple as ABCD

  • #3,321
  • Jan 15, 2015 1:56am Jan 15, 2015 1:56am
232.3pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurcadm1.png Size: 67 KB
Click to Enlarge Name: eurjpym1.png Size: 61 KB
Feel the Fear and do it anyway!!!
  • #3,322
  • Jan 15, 2015 2:02am Jan 15, 2015 2:02am
Quoting clivepackham
232.3pips {image} {image}
Another successful scalp!!
  • #3,323
  • Jan 15, 2015 2:20am Jan 15, 2015 2:20am
Quoting Vantage
{quote} Another successful scalp!!
Yep love these little old 1 minute scalps...


Got a new wireless keyboard now so desktop back in action so I can actually type again...

I guess we could say that was pure luck but I've got a theory the "Good Old London Boys" get a heads up on important anouncements like this Swiss bank one so load the trades on pre release ready for when it goes. Therefore our 1 min 100lwma tells us a story and the TTindy indicates where most of the money is going so its a sort of pre-news trade..

I've found this has happened to me a couple of times now and as yet has never caught me the other way, eg a loss. Guess its because we're following the money and the money knows best...

Anyway just taken a post news trade on EURJPY now its all calmed down a bit so lets see where this ends up???
Feel the Fear and do it anyway!!!
  • #3,324
  • Jan 15, 2015 2:26am Jan 15, 2015 2:26am
Ok lets have a bit of fun, I will more than likely be told to leave the thread after this.
Clive this was the worst trade you could have done hahahahahah now you will blindly keep taking your 1min signal which as now moved to 1min plus a 30 on TT so is it now a 1min 30sec or 2min maybe even a 3min signal
But if you were waiting like Mr V after doing all his homework or even my silly view Price below 100 on a Daily 1Hr 15min 1min view.
IT WAS A BRILLAINT TRADE after all who were to know the Swiss would undo their peg, so to me not a scalp at all.

No offence meant just a little bit of fun, but if you ban me I will just have to watch your progress from a distance with interest.
  • #3,325
  • Jan 15, 2015 2:32am Jan 15, 2015 2:32am
Post news trade now on strongest trender GBPAUD after the news cost me 20 odd pips to get on but could be nice if it goes on due to news....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 70 KB
Feel the Fear and do it anyway!!!
  • #3,326
  • Jan 15, 2015 2:43am Jan 15, 2015 2:43am
Quoting OAPDave
Ok lets have a bit of fun, I will more than likely be told to leave the thread after this. Clive this was the worst trade you could have done hahahahahah now you will blindly keep taking your 1min signal which as now moved to 1min plus a 30 on TT so is it now a 1min 30sec or 2min maybe even a 3min signal But if you were waiting like Mr V after doing all his homework or even my silly view Price below 100 on a Daily 1Hr 15min 1min view. IT WAS A BRILLAINT TRADE after all who were to know the Swiss would undo their peg, so to me not a scalp at all....
No worries Dave won't be banning you as not very nice to kick an old folkie into touch...

I hear what you're saying about the higher timeframe directions and it makes sense but I will just say my strategy is to just "follow the money" as it comes to the table so I'm using the 1 min trends to tell me where the monies going right now!!! Not yesterday, not an hour ago, not 5 mins ago, but right now!!!

Thats all i can say really, I'm using the 1 min strongest trender to catch the money exactly as happended this morning. You can't tell me London banks didn't know that the Swiss bank was going to make an announcement and they used that information to position themselves pre release.... I know I would if I had known... But I didn't so I just follow the boys that do know, the big boys...

Hope that explains why I put so much importance on the 1 min trend....
Feel the Fear and do it anyway!!!
  • #3,327
  • Jan 15, 2015 2:54am Jan 15, 2015 2:54am
Clive
Thanks for not banning me and taking no offence to my thoughts, so I will not push my luck any further, but just to say do you really believe that the London Banks only new of this 1min before they released it
Great thread, I will go and put my tin hat on and get down in the trenches with Captain Manning as for sure they will be some flak flying my way from the boys
  • #3,328
  • Jan 15, 2015 2:59am Jan 15, 2015 2:59am
Quoting OAPDave
Clive Thanks for not banning me and taking no offence to my thoughts, so I will not push my luck any further, but just to say do you really believe that the London Banks only new of this 1min before they released it Great thread, I will go and put my tin hat on and get down in the trenches with Captain Manning as for sure they will be some flak flying my way from the boys

You've misunderstood me dave ,put your glasses on or turn your hearing aid up...

Just in case I'll use larger type for you...

I'm saying the exact opposite , no they didn't know 1 min before they knew much earlier so they start positioning themselves earlier in preparation for the release which they know is coming.. This loading drives the price down as you can see in my earlier chart when I was 15 pips up. They caused that move whicvh bought EURJPY to the top of the TTindy...

Is that any clearer old timer.....
Feel the Fear and do it anyway!!!
  • #3,329
  • Jan 15, 2015 3:06am Jan 15, 2015 3:06am
Clive
Hahahahahahahaah BRILLIANT
Just popping down to spec-savers to see what deals they have, wont hog the thread anymore today
  • #3,330
  • Edited 4:23am Jan 15, 2015 3:23am | Edited 4:23am
Quoting OAPDave
Clive Hahahahahahahaah BRILLIANT Just popping down to spec-savers to see what deals they have, wont hog the thread anymore today

Ha Ha glad you've got a sense of humour and trust me I know where you're coming from on the higher timeframe theories and of course theres every chance that the bigger 1 minute moves will be in the direction of the higher timeframes. |However I wouldn't put too much store by it for a couple of reasons...

 

  1. Having a higher timeframe directional bias will keep you out of some very good trades on the 1 minute timeframe.
  2. A daily pullback can be 100's of pips and very tradable on the 1 minute so not really too concerned about daily trends.
  3. The 1 minute trend is the money coming to the table and its the big boys money that moves these markets so if we trade the 1 minute stronger trends we're trading with the Big Boys not against them, so we should be fine.
  4. The vast majority of Retail traders trade the higher timeframes and don't go anywhere near the "noise" of the one minute charts, but apparently 95% of us Retail Traders are losers?? Hmmmm I'll rest my case...

Don't take me too seriously Dave but for me its just about these 1 minute charts, it all gets a bit too confusing for me when I start looking up and trying to workout is this a pullback on the 15 min or a continuation on the hrly etc etc...Too old in the tooth for all that Jazz..

Lets just keep it simple as ABCD... Us old farts had better stay together...

Feel the Fear and do it anyway!!!
  • #3,331
  • Jan 15, 2015 3:35am Jan 15, 2015 3:35am
I gotta go to work guys so I'll leave you all to make some pips from the NYO...

Me and OAPdave have had a bit of fun this morning over the higher/lower timeframe argument but everyone has to find their own way in trading. Whats right for OAP's might be absolute nonsense to a 58year old youngster like myself....

But no matter what way you look at it one thing is for sure, these 1 minute strong trenders set up every day, day in and day out and present us with some great trading opportunities to make us all some pips everyday. Just gotta find the way that suits you best....

Gotta go catch up later....
Feel the Fear and do it anyway!!!
  • #3,332
  • Jan 15, 2015 6:40am Jan 15, 2015 6:40am
Quoting Vantage
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. {image} {image}
Why are so many lower indicators required when Clive only uses one ?

Surely less is better when trading a fast time frame such as the one minute ?
every Saint has a past. Every Sinner has a Future
  • #3,333
  • Jan 15, 2015 7:22am Jan 15, 2015 7:22am
Clive
Do you use a spread bet firm?
If so are you happy with the spreads-hopefully one or two pips spread max ?
every Saint has a past. Every Sinner has a Future
  • #3,334
  • Jan 15, 2015 7:31am Jan 15, 2015 7:31am
Just thought I'd have a quick look and try to gap trade the CHF pairs not looking too bad so far...EURCHF and CHFJPY up 170 pips each very good system trades strong trends and CCI pullbacks perfect setups plus gap trades...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CHFJPYM1.png Size: 63 KB
Click to Enlarge Name: EURCHFM1.png Size: 60 KB
Feel the Fear and do it anyway!!!
  • #3,335
  • Jan 15, 2015 7:36am Jan 15, 2015 7:36am
About 600 pips up now ....not bad from a 1 min chart...post news trade I'd guess we'd call it..
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYM1.png Size: 63 KB
Feel the Fear and do it anyway!!!
  • #3,336
  • Jan 15, 2015 7:51am Jan 15, 2015 7:51am
I'm new, obviously, to this thread, but it refreshing for Clive and Dave to amicably 'disagree' on time frame trading principles. As we all know, even small disagreements on FF often turns pretty ugly and ruin forums.

Thanks, guys. And especially thanks to Clive for getting the ball rolling on this thread. If we remember this is really about ABCD trading (entries off retracements) reasonable viewpoints can be respected.

And Clive, my Dad will hopefully turn 95, seems amazing, in two weeks . . . and he is even seemingly in good health. Can't hear much though. Blessings on your father's memory.

FS
  • #3,337
  • Jan 15, 2015 8:05am Jan 15, 2015 8:05am
Hi Forest-Sea
Great to see a new name, as you can see I have only been on a few days but have followed from Clives first post. Got another blast for Clive cannot let him get away with post 3330 in particular number 4 He has that the wrong way round but that's for another time.
  • #3,338
  • Jan 15, 2015 8:27am Jan 15, 2015 8:27am
Quoting OAPDave
Hi Forest-Sea Great to see a new name, as you can see I have only been on a few days but have followed from Clives first post. Got another blast for Clive cannot let him get away with post 3330 in particular number 4 He has that the wrong way round but that's for another time.
i can see both sides to it.i guess many blow there accounts cos huge drawdowns on higher timeframes and phsycology of went to pull the trigger to cut a losing position short...anyway oapdave if i may join in lolisnt it about time you had your afternoon snooze in the chair? At your age lifting a finger tontype on keyboard must get very tiring for you lol
  • #3,339
  • Edited 9:18am Jan 15, 2015 8:49am | Edited 9:18am
Hello DevonTrader
Good stuff man hahahaha not seen to much of you so lets have a bit of fun, not seen Navk since your request to not only show you his well thought out charts but to write the rules out for you (hope he as not gone) really liked his stuff, you even tried it with the great Mr V so perhaps you need to wake from your snooze, even asked you a question but still no answer

All good fun no offence meant, if you give it you have to take it, show me that you are not just a indicator collector hahahahahaha
My post to you was 3289
  • #3,340
  • Jan 15, 2015 9:01am Jan 15, 2015 9:01am
I hope everybody's a/c is intact.

My a/c has grown fast as in the past.
Intraday only.
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