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Trading is as simple as ABCD

  • #3,481
  • Jan 21, 2015 6:45am Jan 21, 2015 6:45am
Guys
Eur/Usd trading in around a 50pip range so far today, is the train about to leave the station North or come all the way down to go South ?
  • #3,482
  • Edited 8:16am Jan 21, 2015 8:06am | Edited 8:16am
Guys Eur/Usd id call it a day now range about 95 and as put in around a 50pip 60min candle
  • #3,483
  • Jan 21, 2015 8:34am Jan 21, 2015 8:34am
Hi devontrader
Thanks for the heads up last night on the Eur/usd
  • #3,484
  • Jan 21, 2015 11:07am Jan 21, 2015 11:07am
Quoting capstone
{quote} The only thing I see George is it appears you are entering later than Clive would enter. Once price is within a few pips of your channel, set a stop order in proper direction. You can move it as you need to. Look for a confirming candle of rejection of the channel (as well as your stoch or cci). This will get you in much sooner and allow a smaller SL as well as more profit, and finally, less drawdown.
Thanks Capstone. I noticed that too and have been trying to find a way to enter early and will consider your advice.

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #3,485
  • Jan 21, 2015 11:10am Jan 21, 2015 11:10am
Quoting capstone
Hey George, I am looking at the PSA from Hanover. Are you using the default settings on it and putting it on a M1 chart? Are you still using your currency slope indicator as well?

No, I altered the settings a bit and put it on the M15 TF. I have 2 of the indicator on and regression period is M1 & M5 on one, and M15 and M30 on the second one.
Low Risk Low Stress High Reward High Probability Trades
  • #3,486
  • Jan 21, 2015 11:12am Jan 21, 2015 11:12am
Quoting dvanderlinde
some great trade opportunities today, hope some have caught the moves {image}

Good job Dustin Missed it as I was sleeping then

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #3,487
  • Jan 21, 2015 11:15am Jan 21, 2015 11:15am
Quoting clivepackham
{quote} thought you'd deserted me...
No way..infact I just subscribed you

Quoting clivepackham
{quote} just dropped it on EURUSD hrly
I used CCI you gave me on my H1 trading system, observing +dozen pairs
No losing months for more than half year
Leading by nearly 300pips this month ... and the game still continue..

Quoting clivepackham
{quote} an awful absolute drawdown of $5.10....Oh well nothings perfect..
it’s great statistic , if not near perfect ..
i worshipped... Momentum
  • #3,488
  • Jan 21, 2015 2:36pm Jan 21, 2015 2:36pm
Quoting OAPDave
Hi devontrader Thanks for the heads up last night on the Eur/usd
well guys as i posted early this morning i called a long on the eurusd hourly chart as per clives method and i made £114 profit,,,closedit as i could keep my eyes onit.
well i marked it this morning where i left it ,,to come back tonight and see what happened to it

so,,,did anyone smash the bank? clive i hope you did?

well sick for me cos it went up by roughly another 100pips
take a look
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  • #3,489
  • Jan 21, 2015 3:14pm Jan 21, 2015 3:14pm
Quoting OAPDave
Guys Eur/Usd trading in around a 50pip range so far today, is the train about to leave the station North or come all the way down to go South ?
Yes devontrader done all right, you have seen my posts then.
  • #3,490
  • Jan 21, 2015 3:36pm Jan 21, 2015 3:36pm
Quoting OAPDave
{quote} Yes devontrader done all right, you have seen my posts then.
yes i seen all posts

im sick i missed out but hey by the rules

if anyone wants to gain bigger pips,,,always look at the bigger picture,,,eg h1 if its long then only trade longs
  • #3,491
  • Jan 21, 2015 3:52pm Jan 21, 2015 3:52pm
Snatched some pips: nice abcd moves but I missed the first "perfect" one right after The LO, closed on the bounce of yesterday close; re-entered but gave some pips back...
Should have build one more position on the way down instead of this tricky re-entry of course
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  • #3,492
  • Jan 21, 2015 4:19pm Jan 21, 2015 4:19pm
Quoting devontrader
{quote} yes i seen all posts im sick i missed out but hey by the rules if anyone wants to gain bigger pips,,,always look at the bigger picture,,,eg h1 if its long then only trade longs
Ok so whats your definition of an hourly chart being "long"???? A green candle?? The 100lwma sloping up steeply?? The market structure??

just wandered how you would define "long" going forward???

just looking at this hrly chart and I'm not convinced this is a "long" buying opportunity??? What directional bias are we putting on that chart??? At the moment I'm favouring short looking at the hrly momentum as strongly down...plus EURUSD is not in the TTindy on the hrly so why trade it??? Its just pot luck..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 88 KB

However if I look at my 1 minute chart then I'm "long" for sure...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 67 KB


If I was to trade the direction of an hourly chart then I would want it to be a strong trender on the hrly then trade the 1 min in that direction, yep that I can see, but this eurusd doesn't make a lot of sense to me unless you're a counter trend trader.....

Now lets have a look at the hrly top trender GBPNZD's hrly chart and its 1 min chart and see if it shapes up any better??

First the hrly chart showing GBPNZD top of the 1 hr TTindy..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 77 KB


Now lets have a look at its 1 min chart and see if theres any good upward moves to trade??

Attached Image (click to enlarge)
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Yep 370 pips straight up and a couple of nice CCI signals to jump on board too...so if you want to take advantage of higher time frame runs then its the same old story look for the strongest 1 hr trenders then when the 1min 100lwma turns your way jump on board the 1 min pullbacks , 10 to 20 pip stops and 370 pip moves...

Thats the only way I'd trade the higher timeframes, find yourself a strong trender then trade the 1 minute in that direction...

There you go Jase don't f**k f**t about with a rangy old pair like eurusd thats not even in the hrly top trenders pick on something thats trending...grab your bigger trades there whenever the 1 min 100lwma turns your way....
Feel the Fear and do it anyway!!!
  • #3,493
  • Jan 21, 2015 5:21pm Jan 21, 2015 5:21pm
Quoting clivepackham
{quote} Ok so whats your definition of an hourly chart being "long"???? A green candle?? The 100lwma sloping up steeply?? The market structure?? just wandered how you would define "long" going forward??? just looking at this hrly chart and I'm not convinced this is a "long" buying opportunity??? What directional bias are we putting on that chart??? At the moment I'm favouring short looking at the hrly momentum as strongly down...plus EURUSD is not in the TTindy on the hrly so why trade it??? Its just pot luck.. {image} However if I look at my 1...
can you post the templates you used? or names of them? so i can look them over
  • #3,494
  • Jan 21, 2015 6:05pm Jan 21, 2015 6:05pm
Quoting clivepackham
{quote} Ok so whats your definition of an hourly chart being "long"???? A green candle?? The 100lwma sloping up steeply?? The market structure?? just wandered how you would define "long" going forward??? just looking at this hrly chart and I'm not convinced this is a "long" buying opportunity??? What directional bias are we putting on that chart??? At the moment I'm favouring short looking at the hrly momentum as strongly down...plus EURUSD is not in the TTindy on the hrly so why trade it??? Its just pot luck.. {image} However if I look at my 1...
Clive may I just jump in here, No one and certainly not me will argue with all your thoughts on the Gbp/Nzd spot on, that is exactly how I try to trade your method, when I go to war I want more then 1 bullet in my gun, and I do not want to always be the 1st into battle. I traded the Eur/Usd today once it was showing me that it just might be setting up for at least a small push up, yes I know their is no real daily range in it but to be honest my under-pants change colour when I see 25pips profit, and in my view their was room to nick a few safe pips off your 1 min setup that also tied in with a break of the high at that time. Now to be honest if I had seen the set-up on the GBP/NZD I would have been all over it, but to my disadvantage I do not search all the pairs something that your TT indicator does and does the the job well.
To sum up I think we have made a step forward today, You spotted a trade that had potential for a big move (big range pair) devontrader and myself saw what we thought was a chance to also nick a few pips (smaller range pair) to me its a another step forward in showing how robust your method can be with the right setting in the right hands.
Again that's just my thoughts and my thoughts only
  • #3,495
  • Jan 21, 2015 6:09pm Jan 21, 2015 6:09pm
The thing thing that worries me is the only reason GBPNZD is top of the TTindy is because the move has already been made. By the time you realise there is a trend on the H1, you switch to the M1 to see what a good opportunity you 'could' of had.

Sorry for being negative, but FF is full of pictures showing great trends and all the possible entries. In real life, when you see a possible trend, 9 out of 10 times, it comes back and takes you out.



Quoting clivepackham
{quote} Ok so whats your definition of an hourly chart being "long"???? A green candle?? The 100lwma sloping up steeply?? The market structure?? just wandered how you would define "long" going forward??? just looking at this hrly chart and I'm not convinced this is a "long" buying opportunity??? What directional bias are we putting on that chart??? At the moment I'm favouring short looking at the hrly momentum as strongly down...plus EURUSD is not in the TTindy on the hrly so why trade it??? Its just pot luck.. {image} However if I look at my 1...
  • #3,496
  • Jan 21, 2015 6:12pm Jan 21, 2015 6:12pm
Quoting devontrader
{quote} can you post the templates you used? or names of them? so i can look them over
Jason, my dear friend, its the same template that I've been using since year dot almost...

100lwma, 14 CCI, and the TTindy changed from 1 min to 60 min, thats it..

I think you've been trying so many other traders templates out you just don't recognise mine anymore..

The most important point I'm trying to make is , no matter what timeframe you want to trade, wait for it to be trending strongly one way then when the 1 min 100lwma turns the same way enter with a 10 to 20 pip stop and see if you can get yourself a 1 hr trade with a 1min entry.

You see price can only go up or down so no matter what timeframe you're looking at you are still trading the same price action off of the tick chart. You're just wrapping it up in different candles, 1min,5min,hrly,daily etc but its the same price action.... up or down thats your choice.

That EURUSD trade you took was a winner so good I'm glad for you, but it wasn't a system trade in my book in any shape or form, there was no strong up trend on the hrly and EURUSD was not in the hrly TTindy... No trend no trade....

So if we're talking "system trades" and you want to trade higher timeframe directions then at least pick a strong trender in that timeframe, then wait for that pair to appear in the 1 min TTindy in the direction of the higher timeframe trend and jump on the first 2 or 3 CCI signals after the 100lwma turns your way and get to BE then hold on your higher timeframe chart...or until the 1 min 100lwma changes slope..

The biggest reason I don't pay much attention to the higher timeframes is I'm usually looking for the London or New York open breakout trades and the 1 min strongest trender points me in the right direction. Now once I catch one then sure by all means look up and see what you've caught and make a decision to either hold or fold based on what you see in the higher timeframe...

Problem is guys more often than not the higher time frame pull backs will knock you out of your 1 min entry...But not today on GBPNZD there was a higher timeframe trade that just went straight up...

Don't take it to heart Jason plus you're doing well with your system, but it ain't mine, so I'm just reaffirming my system to anyone who wants to listen...

Find a strong trend, wait for the pullback and jump on board....simple as ABCD...
Feel the Fear and do it anyway!!!
  • #3,497
  • Jan 21, 2015 6:22pm Jan 21, 2015 6:22pm
Quoting Moonie
The thing thing that worries me is the only reason GBPNZD is top of the TTindy is because the move has already been made. By the time you realise there is a trend on the H1, you switch to the M1 to see what a good opportunity you 'could' of had. Sorry for being negative, but FF is full of pictures showing great trends and all the possible entries. In real life, when you see a possible trend, 9 out of 10 times, it comes back and takes you out. {quote}

Hi moonie

Couldn't agree with you more which is another reason I don't use higher timeframes to find my trades however I will point out sir that the 1 hr chart of GBPNZD I posted had been trending strongly for 2 days , look at the angle of the 1 hr 100lwma, nice steep slope upwards. So when we see the 1 min 100lwma turn in the same direction as the 1 hour trend then we have a possible momentum move back with our hrly trend. Of course it worked this time but there will be many times it doesn't but 370 pips is a nice return from a 20 pip stop....

I will add thou to everyone who thinks this is the answer to trading, look at the pullback preceeding the big 370 pip move, its about 200 pips!! This is why I say following the hrly trend or any higher timeframe trend for direction, is not neccessarily the way forward as it went 200 pips against you first!!!

Thats why I stick to my little old 1 min trenders its so much simpler, up or down make your choice....and regardless of what timeframe you're trading you will never know how long its going to go one way or the other, 10 pips or 370 pips?? You're never going to know before hand not no never....

Thanks for your thoughts...

By the way have a look at that hrly GBPNZD chart I posted earlier its a beautiful ABCD move on the hrly...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 77 KB
Feel the Fear and do it anyway!!!
  • #3,498
  • Jan 21, 2015 7:10pm Jan 21, 2015 7:10pm
Thanks Clive,

I'll have a look at the London open in the morning, see if there is a m1 signal that I can have a crack at on the demo.




Quoting clivepackham
{quote} Hi moonie Couldn't agree with you more which is another reason I don't use higher timeframes to find my trades however I will point out sir that the 1 hr chart of GBPNZD I posted had been trending strongly for 2 days , look at the angle of the 1 hr 100lwma, nice steep slope upwards. So when we see the 1 min 100lwma turn in the same direction as the 1 hour trend then we have a possible momentum move back with our hrly trend. Of course it worked this time but there will be many times it doesn't but 370 pips is a nice return from a 20 pip stop.......
  • #3,499
  • Jan 21, 2015 11:53pm Jan 21, 2015 11:53pm
My thoughts are clive that i feel ive added a few things for confluence and now feel my.charts are not.clean.

so

i want to step back with clean charts and have it setup.correct eg as per yours.

yes i can add 1 or 2 things but i want to.make sure there clean.

so wish to.make.sure i have it correct like yours
  • #3,500
  • Jan 22, 2015 12:07am Jan 22, 2015 12:07am
Quoting clivepackham
{quote} Hi moonie Couldn't agree with you more which is another reason I don't use higher timeframes to find my trades however I will point out sir that the 1 hr chart of GBPNZD I posted had been trending strongly for 2 days , look at the angle of the 1 hr 100lwma, nice steep slope upwards. So when we see the 1 min 100lwma turn in the same direction as the 1 hour trend then we have a possible momentum move back with our hrly trend. Of course it worked this time but there will be many times it doesn't but 370 pips is a nice return from a 20 pip stop.......
Hi,

what is the hourly and 5 min setting for TT indy. Thanks.
Intraday only.
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