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  • #3,541
  • Jan 23, 2015 10:47am Jan 23, 2015 10:47am
Hi Clive,

Thanks for the welcome. I have been using this 1 hr system on demo for a couple of months now. It wins more than it loses, but the trouble is, I have been using a 50 pip stop, which makes the loses a bit painful. I like to set the trade and walk away as I tend to be a bit trigger happy . Using your 1 minute system will let me get in at a safer level with a smaller stop, perfect.

If it works, I can go live and then give up the day job, yipee, LOL.



Quoting clivepackham
{quote} Hi Moonie Missed your post earlier , we must of crossed over posts... Great trade there perfect setup strong down trend CCI pullback to the 100lwma and away you go plus a neat exit as 100lwma changed slope, nice one. Welcome to the one minute club.... Interesting how you spotted it off of the 1 hr chart, we seem to be hedging our way towards identifying higher timeframe signals then entering on the one minute with a much smaller risk... Hmmmm Looks like young Daves been having a positive effect on us all with...
  • #3,542
  • Jan 23, 2015 10:51am Jan 23, 2015 10:51am
Great idea Clive. I look for setups on my mobile in work which isn't ideal. Getting a call on a setup would be the 'bees-knees'.



Quoting clivepackham
By the way guys if we're all serious about this trading in direction of a higher timeframe trend then lets start calling some trades, just post them up so we can all have a look and if its a good un, we can all take advantage of it when the 1 min 100lwma turns the right way, could add a bit more value to the thread if we all start helping each other with setups.. One good thing about these higher timeframe signals we've got plenty of time to analyse whether they are worth trading or not so just post em up and lets all have a look together, could...
  • #3,543
  • Jan 23, 2015 11:42am Jan 23, 2015 11:42am
Quoting Forest-Sea
Many thanks for the KS indicator, Go. Every success to you. FS
You're welcome, same to you!
  • #3,544
  • Jan 23, 2015 1:34pm Jan 23, 2015 1:34pm
GUYS EYES UP PLEASE

i am rushing to get this noted here before i go out
i dont have time to check this thru besides its the weekend and no data etc
im hoping you guys can look at this idea i had,,,,i always think easier when driving or having a showerand here it is

you know everyone always says ,,,ahhh yeh well that indicator repaints???

well....think about this

indicators generally ADJUST them selves from data its getting with in roughly first 3 or 4 bars on the 1min candle

well in theory yes the 1min moves and adjusts,,,but 5 min should not,,why???? cos it already contains the first 5 1min candle data to make that 5 min candle

so answer is dont use indicators that repaint on low timeframes

well..........

get this idea too

put this indicator on the charts and at swing point,,egs major swing points this indicator should be in the same position eg on 1hr chart 15min chart and 5 miin chart ,,,quite possibly 1min too

my thoughts were,,,,

could we get this indicator fitted with a true false for an alert function eg sound message etc
also
could a seperate section be created with a true false function for on/off?
you set your timeframe eg 1hr
the swing arrow is found on the 1hr chart and with a confirmation box nex where you select your time frame eg 15min it will find 1hr and 15min where arrow is at same point and alert you to this also with a bigger arrow
this hopefully will identify confirmation on multi timeframes that this indicator has swing arrows at the same point,,,,meaning major swing

my idea is once for example 1hr swing is detected and then the 15min is detect at the same point maybe then the 5min it should alert you of that major swing point ,,, just like the fruit machine 3 cherries in a row ,,,,your a winner
once we have this we can take the trade on the 1min and we have confluence of trading in the same trend thu each timeframe

as you know if 1hr is green and 15 min is red and 5 min is green this just means 15mins is in pull back on 1hr

what we want is ALL green or ALL red

i hope thats explained easy enough

clive? something for ted programming?
Attached File(s)
File Type: ex4 Super_Indicator_V2.ex4   6 KB | 318 downloads
File Type: mq4 Super_Indicator_V2.mq4   1 KB | 389 downloads
  • #3,545
  • Jan 24, 2015 2:40am Jan 24, 2015 2:40am
Hi Guys

Just a quick post as off to work again today got a lot of catching up to do...

I like what I'm reading here guys and its looking very positive from a number of traders so I will just summerise what I'm seeing in the posts.

Mr V. is trading quite beautifully of course as we expect with 1 loser out of 14 trades, not too bad a hit rate there Mr V. But theres a good reason as to why its working so well for him in fact I'd say theres 2 reasons. Firstly he waits for a strong currency to appear with strength or weakness right across the board. What do I mean by that? Well he's waiting to see 4 or 5 GBP pairs in the TTindy then he knows the GBP is good to trade.

The second reason he is having great success is he's waiting for a break and retest of an overnight range. Again I've said many times break and retests of key levels are critical so qualify which CCI signals to take off of a key level. Key levels examples are...

 

  1. Past support and resistance like MR V's overnight range break and retest.
  2. 100lwma
  3. Daily ,weekly,monthly pivots.
  4. Yesterdays high,low and close price.
    ​

Always try to take CCI signals at key levels.

Some guys are trading higher timeframes like the 4hr etc using the same system, find a strong trender from TTindy then look for the CCI pullbacks, exactly same system just higher timeframe, thats good to see.

Some guys are using higher timeframe signals and then dropping down to the 1 minute for entry, that I really like as it gives you a safe entry small stop get to BE quickly and then hold on higher timeframe. This is a particularly attractive way to trade as it gives you a very small risk entry with the possibility of a large winner, that is the very essence of a successful trader. Small losers big winners....

So to summarize I think its fair to say if we can identify higher timeframe signals and levels then drop down to the 1 min for entry it makes perfect sense. My main strategy is to catch the London/New York breakout so I'm looking for these moves after the actual open to follow the money. I'm avoiding the "Inbetweeners Zone" between FO and LO. Same with NYO I will be waiting for first hour to pass and news then look for a strong mover plus will get in and hold until 100lwma changes colour. Will be following Mr V's strategy of looking for a strong/weak currency across the board.

Hopefully will have a quick look identify strong trender and drop my EA on to trade the move automatically and see what I catch.

Also looking at strong differential news releases to post trade, same as above..

My LO breakout strategy doesn't need higher timeframe considerations in MHO but thats just me...

However thats not to say I'm not looking at higher timeframe opportunities. I have a longer term strategy to trade strong trending daily charts wait for hrly pullbacks then drop down to 1 min for entry..

Heres my EURJPY trade doing exactly that, look at the daily chart nearly a vertical drop....652 pips up at end of play but not being a longterm trader , I've no idea when to close. Ted's a long term man he says EURs dropping like a stone look for 4,000 pips plus...

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYDaily.png Size: 74 KB


So lets keep it all going some good developments this week...
Feel the Fear and do it anyway!!!
  • #3,546
  • Jan 24, 2015 4:16am Jan 24, 2015 4:16am
Just a quickie about this higher timeframe trading off of 1 min charts...

Firstly lets look at the top Daily trenders from my TTindy , gonna ignore CHF pairs as its a distorted view due to recent events...

Therefore 3 Top trenders are EURUSD,GBPUSD, USDCAD, heres their daily charts...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 69 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 72 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 70 KB


So we can clearly see the direction they are all going in with little doubt and before anyone says its too late now , then have a look at the slopes of the 100lwma and I think you're agree they have been trending strongly for about 4 months now so plenty of opportunities to catch a 1 min move..in the last 4 months.

So all we do now is wait for them to come to the top of the 1 min chart in the same direction and jump on board get 2 or 3 trades to BE and see what survives for the longer runs. Actually would be best to have these charts open at all times and when we get an alert from our 100lwma turning in direction of daily trend then jump on board with next 3 CCI signals, get to BE and see what survives??

Hold until daily 100lwma turns back the other way...

There you go another little gem of a system for you 10 to 20 pip stops and hundreds of pips if you get some to stick.... Thing is to just keep doing it every time the 100lwma turns in direction of the daily trend, might have a lot of BE's but just get a couple to stick and you're laughing all the way to the bank.

Remember price can only go up or down so by trading the 100lwma turns theres every chance it won't come back again on such strong trending pairs...
Feel the Fear and do it anyway!!!
  • #3,547
  • Jan 24, 2015 4:27am Jan 24, 2015 4:27am
Clive my posting of the super indicator is im hoping if can be made is that it would add comfirmation to our trend direction.

im really hoping someone could code it so i can try it
  • #3,548
  • Jan 24, 2015 4:33am Jan 24, 2015 4:33am
Quoting clivepackham
Just a quickie about this higher timeframe trading off of 1 min charts... Firstly lets look at the top Daily trenders from my TTindy , gonna ignore CHF pairs as its a distorted view due to recent events... Therefore 3 Top trenders are EURUSD,GBPUSD, USDCAD, heres their daily charts... {image} {image} {image} So we can clearly see the direction they are all going in with little doubt and before anyone says its too late now , then have a look at the slopes of the 100lwma and I think you're agree they have been trending strongly for about 4 months...
what settings have you got for your hourly and daily ttindy???
  • #3,549
  • Jan 24, 2015 5:51am Jan 24, 2015 5:51am
http://armstrongeconomics.com/armstrong_economics_blog/

The Markets are now closed, if you are bored have a look at the most interesting guy in the worlds blog, look back at the Archives after all its cheaper than the Sunday papers and carries a lot more truth.
Please enjoy ?
  • #3,550
  • Edited 9:02pm Jan 24, 2015 4:55pm | Edited 9:02pm
Quoting Vantage
I had a losing trade on GJ . {image}
Don't you hate it when that one trade in 14 fails? I mean, that is a 7% failure rate. [I wish!]



I'm so glad Mr. V is around, not to mention Clive and others, who have these extraordinary positive results.

You guys inspire me. Thanks for sharing. I am always tempted to slip in a few trades not quite fully qualified. My fault, of course.

Here is to a great week for all.

FS
  • #3,551
  • Jan 25, 2015 5:32am Jan 25, 2015 5:32am
Quoting clivepackham
Hi Guys Just a quick post as off to work again today got a lot of catching up to do... I like what I'm reading here guys and its looking very positive from a number of traders so I will just summerise what I'm seeing in the posts. Mr V. is trading quite beautifully of course as we expect with 1 loser out of 14 trades, not too bad a hit rate there Mr V. But theres a good reason as to why its working so well for him in fact I'd say theres 2 reasons. Firstly he waits for a strong currency to appear with strength or weakness right across the board....
Boss
What a brilliant post you write your thoughts in such a clear way it would be very hard to miss understand anything. I am in total agreement in everything you have said.
Can I now present the next phase of how I look at your magic method, I have 3 templates that cover Monthly/Weekly, Daily/15mins and 5min /1min.
This is all based around your 100lwma.
We will take the Template that covers the Daily to 15min timeframes, my set up is as follows, put on your chart the 100lwma and then set envelopes every 100% around it, repeat this about 10 times each time stepping un the size of the bands example 100% 200% 300% right up to 1000% you will now see +/- bands either side of your 100lwma I view these as ZONES ie +1 +2+3 or -1-2-3 etc etc to get a idea of strength and direction, I now I just keep looking to the left to see the price action within the present band taking into account how many bands the price can go through in a average range day Then I drop down to the 1min but this time in most cases you only need 1 phase so on this one I use Fib Numbers , 12.5% then 23.6,38.2, 50.00, 61.8, 76.4 then 87.00 and finally 100% by doing all this I BELIEVE it gives me a idea of safe zones on were to go into battle. If you do this on the Monthly/Wkly you would just have to add more Phases or make them say every 200% apart
With plenty of data on a chart I think it is a very visual way of seeing the Whole picture of any pair, gives targets & stops risk & reward
Taking you problem on were to take profit on your Eur/Jpy trade Set up the bigger template for some ideas, in my humble view these templates cover all types of trading, position, swing, day trading or even 10/20pip or more scalping.
ALL BASED ON THE 100LWMA
Guys I do not want to get into any battle with any one over this, if you see any merit in it great, if you do not fair play, after all its ONLY my way of looking at things.
  • #3,552
  • Edited 7:11am Jan 25, 2015 6:45am | Edited 7:11am
Quoting OAPDave
{quote} Boss What a brilliant post you write your thoughts in such a clear way it would be very hard to miss understand anything. I am in total agreement in everything you have said. Can I now present the next phase of how I look at your magic method, I have 3 templates that cover Monthly/Weekly, Daily/15mins and 5min /1min. This is all based around your 100lwma. We will take the Template that covers the Daily to 15min timeframes, my set up is as follows, put on your chart the 100lwma and then set envelopes every 100% around it, repeat this about...

Hi Dave

That all sounds very good but as they say "A picture paints a thousand words" . Could you post a chart up please to demonstrate your ideas... They sound very cool and I like this "trading Zone" idea but I'm struggling to picture it... Sorry..

If you're having trouble posting charts let me know and I'll do a step by step guide for you , we could always hook up on a skype chat and share screens and I'll give you a quick tour of how to upload charts, draw on charts to explain ideas etc..

I think it would help you to share your great ideas...
Feel the Fear and do it anyway!!!
  • #3,553
  • Jan 25, 2015 7:08am Jan 25, 2015 7:08am
Thanks Boss
For the reply, this is the best my computer skills can do, not got Skype but I am willing to learn anything that you feel will have a positive effect on your thread, more than pleased to talk on telephone but have no idea how to keep the number private
  • #3,554
  • Jan 25, 2015 7:12am Jan 25, 2015 7:12am
Quoting OAPDave
Thanks Boss For the reply, this is the best my computer skills can do, not got Skype but I am willing to learn anything that you feel will have a positive effect on your thread, more than pleased to talk on telephone but have no idea how to keep the number private
Just sent you a pm, did you get it??
Feel the Fear and do it anyway!!!
  • #3,555
  • Jan 25, 2015 7:35am Jan 25, 2015 7:35am
Got you pm , sent you one back, but have a message come up saying its failed, got to go out for a while now so I will study it when I get back to try and find out were im going wrong, (B-----dy Computers) Silly thing have no problems playing with charts and trading hahahah
  • #3,556
  • Jan 25, 2015 7:57am Jan 25, 2015 7:57am
  •  moursi
  • | Joined Dec 2011 | Status: don't try to change the world .... | 78 Posts
this is a gift for clivepackham i wish it help you in your strategi

if you need more TF in it just pm me

Attached Image (click to enlarge)
Click to Enlarge Name: eurchf-h1-trading-point-of.png Size: 24 KB


Attached File(s)
File Type: mq4 top 8 trenders all brokers 4 TF.mq4   11 KB | 505 downloads
Rule #1: Never Lose Money Rule #2: Never Forget Rule Number One
  • #3,557
  • Jan 25, 2015 10:30am Jan 25, 2015 10:30am
Quoting moursi
this is a gift for clivepackham i wish it help you in your strategi if you need more TF in it just pm me {image} {file}
keep it.comming.moursiMultiple timeframe confirmation/confluence eg as in all timeframes at the same point same time means major swing high and low
  • #3,558
  • Edited 2:29pm Jan 25, 2015 2:06pm | Edited 2:29pm
Quoting Moonie
Well, as promised, I had my first go at this system today, using my demo account just in case. I looked for a possible setup using my current favourite method and noticed this downward move on the GBPAUD {image} I wondered if there was any more room to go down, so I switched to Clive's 1 minute chart and noticed the price had been bouncing down the MA. I waited for the CCI to signal a pull back and I entered short with a 20 pip stop. As soon as I was 15 pips up, I moved my stop to BE and then just monitored the 1 minute chart. I exited when the...
Moonie
Can you help me out, I see that you have had a look at 2 times World Champion Trader Mostafa Belkhayate MBFX method
Just To give the guys a visual could you post a clean chart of his set up ( not saying I am trading it at all ) but at least it looks similar to what im trying to say in my post, if you like you can leave is Timing Indicator off, not to confuse anything
I AM NOT TRADING IS METHOD AND WILL NOT TALK ABOUT IT (mbfx re-paints and is the wrong settings)
The Bosses 100lwma is all I am interested in but I believe the visual will help
Many Thanks if you can.
  • #3,559
  • Jan 25, 2015 4:27pm Jan 25, 2015 4:27pm
Hi Dave,

I must admit, I wasn't aware the MBFX indicator came from Mostafa's method. I bob along moving from method to method collecting indicators and every time I come across an exciting system, I add my favourite indicators.

The attached image is from the 'Rainbow Similarity' method (http://www.forexfactory.com/showthre...67#post7798267) which has been my most successful system. As I mention in my previous post, I win more than I lose but I used 50+ stops, which killed me when I had a run of losses. Clive's system allows safer entries with smaller stops. You can even look for the setup on H4, then see if it sets up on H1 and then switch to M1, but this only happens a few times a week.

Hope this helps Dave.

Attached Image (click to enlarge)
Click to Enlarge Name: moonie_H1_Rainbow.png Size: 236 KB


Quoting OAPDave
{quote} Moonie Can you help me out, I see that you have had a look at 2 times World Champion Trader Mostafa Belkhayate MBFX method Just To give the guys a visual could you post a clean chart of his set up ( not saying I am trading it at all ) but at least it looks similar to what im trying to say in my post, if you like you can leave is Timing Indicator off, not to confuse anything I AM NOT TRADING IS METHOD AND WILL NOT TALK ABOUT IT (mbfx re-paints and is the wrong settings) The Bosses 100lwma is all I am interested in but I believe the visual...
  • #3,560
  • Jan 25, 2015 4:40pm Jan 25, 2015 4:40pm
Quoting Moonie
Hi Dave, I must admit, I wasn't aware the MBFX indicator came from Mostafa's method. I bob along moving from method to method collecting indicators and every time I come across an exciting system, I add my favourite indicators. The attached image is from the 'Rainbow Similarity' method (http://www.forexfactory.com/showthre...67#post7798267) which has been my most successful system. As I mention in my previous post, I win more than I lose but I used 50+ stops, which killed me when I had a run of losses. Clive's system allows...
Thanks Moonie, but sorry that's not the view I wanted, the main part of his method is a set of regression channels based on 180 bar history that have envelopes set at various fib levels +/- the 180 average, meaning that you had his Timing Indicator thought that you might have had the other half .
Thanks for responding anyway, I will have to get the boss to send me instructions how to do all this
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