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Trading is as simple as ABCD

  • #3,621
  • Jan 28, 2015 8:43am Jan 28, 2015 8:43am
Great method, just explored a few day ago and was reading the posts.

I took this trade in NY Open. however, it was stop out. Can anyone please comment if I understand the rule correctly?

the reasons to take this trade

EA TTindi > 50 in 1min and 5min , Aud strong across the board, retrace to lwa100, expected it go to D Daily S1.
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  • #3,622
  • Jan 28, 2015 9:07am Jan 28, 2015 9:07am
Quoting henryloving
Great method, just explored a few day ago and was reading the posts. I took this trade in NY Open. however, it was stop out. Can anyone please comment if I understand the rule correctly? the reasons to take this trade EA TTindi > 50 in 1min and 5min , Aud strong across the board, retrace to lwa100, expected it go to D Daily S1. {image}

In the bigger picture your a b c is valid but off a 1 min chart with a small stop I believe there was a HL in there see arrow up. For me that would signal short term the possibility of a move up. Of course some of these will work out but I'd have been waiting at least for a lower high somewhere along the way from the arrow down onwards to the right to confirm another move down.
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  • #3,623
  • Jan 28, 2015 9:11am Jan 28, 2015 9:11am
Quoting henryloving
Great method, just explored a few day ago and was reading the posts. I took this trade in NY Open. however, it was stop out. Can anyone please comment if I understand the rule correctly? the reasons to take this trade EA TTindi > 50 in 1min and 5min , Aud strong across the board, retrace to lwa100, expected it go to D Daily S1. {image}
Well, my take has nothing directly to do with Clives method but I normally look at kumo and kijun as well and in this case PA had crossed the kijun (not preferred) and was already inside the cloud (an absolute no go).

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This situation occurrs when the trend is loosing momentum
  • #3,624
  • Jan 28, 2015 4:14pm Jan 28, 2015 4:14pm
Quoting henryloving
Great method, just explored a few day ago and was reading the posts. I took this trade in NY Open. however, it was stop out. Can anyone please comment if I understand the rule correctly? the reasons to take this trade EA TTindi > 50 in 1min and 5min , Aud strong across the board, retrace to lwa100, expected it go to D Daily S1. {image}
First up; great advice from Vantage. 2; not all valid signals will work out fine 3; I've been following a guy called Jason Chase as well. He's all about price action and doesn't trade with any indicators. That's not for me, but I've picked up valuable info from him that's helping me with this method as well. One of the things he mentioned is when price is sort of drifting in a retracement, be alert. If you compare the retracement you've taken your trade on and compare it to the two/three previous signals you will note the difference. The ones that worked out were not long drawn out affairs; just a few bars and then into your direction. It would appear the NY big boys were positioning themselves for a further downward move, which happened not too long after you were stopped out. In these instances better to follow Vantage's advice and wait until the market confirms the direction.
  • #3,625
  • Jan 29, 2015 3:26am Jan 29, 2015 3:26am
Morning, folks.
Got in a few pips late on this one..
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  • #3,626
  • Jan 29, 2015 4:24am Jan 29, 2015 4:24am
I was not in front of the computer for this one but for me doesn't get much better than this. Break and test of range perfect per system rules and gbpaud and other eur pairs were also above their lwma's suggesting aud weak and eur strong. Euraud was later no 1 on TT but not sure at time of entry.
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  • #3,627
  • Jan 29, 2015 5:45am Jan 29, 2015 5:45am
Quoting Vantage
I was not in front of the computer for this one but for me doesn't get much better than this. Break and test of range perfect per system rules and gbpaud and other eur pairs were also above their lwma's suggesting aud weak and eur strong. Euraud was later no 1 on TT but not sure at time of entry. {image}
Brilliant Mr V what more can Clive's fans want, a Clive perfect set up on a Clive chart, ( picture tells a thousand words) but it your words that have sunk in the most to me. ( more than 1 reason to take the trade)
Come on guys look at this, READ the words look at the chart and please crack on.
  • #3,628
  • Jan 29, 2015 5:47am Jan 29, 2015 5:47am
Quoting henryloving
Great method, just explored a few day ago and was reading the posts. I took this trade in NY Open. however, it was stop out. Can anyone please comment if I understand the rule correctly? the reasons to take this trade EA TTindi > 50 in 1min and 5min , Aud strong across the board, retrace to lwa100, expected it go to D Daily S1. {image}
Hi Henryloving.
Go check out Post 2172 that Clive wrote. You will get the info you need.
Also heed what Vantage said. He is an awesome trader..
Rgds
Pieter
  • #3,629
  • Jan 29, 2015 10:14am Jan 29, 2015 10:14am
Quoting Vantage
I was not in front of the computer for this one but for me doesn't get much better than this. Break and test of range perfect per system rules and gbpaud and other eur pairs were also above their lwma's suggesting aud weak and eur strong. Euraud was later no 1 on TT but not sure at time of entry. {image}
vantage yes i agree entry where you put your arrow.my question is how could we catch this trade earlier?Trade long on green candle.crossing above the 100lwma?Should we add extra comfirmation for this entry method?
  • #3,630
  • Jan 29, 2015 10:15am Jan 29, 2015 10:15am
Quoting OAPDave
{quote} Brilliant Mr V what more can Clive's fans want, a Clive perfect set up on a Clive chart, ( picture tells a thousand words) but it your words that have sunk in the most to me. ( more than 1 reason to take the trade) Come on guys look at this, READ the words look at the chart and please crack on.
i agree dave and your input is great too.we will help you to.post charts on here too
  • #3,631
  • Jan 29, 2015 10:34am Jan 29, 2015 10:34am
Quoting Vantage
I was not in front of the computer for this one but for me doesn't get much better than this. Break and test of range perfect per system rules and gbpaud and other eur pairs were also above their lwma's suggesting aud weak and eur strong. Euraud was later no 1 on TT but not sure at time of entry. {image}
One question Mr V - why this particular pair and not the rest that you mentioned ?
  • #3,632
  • Jan 29, 2015 10:36am Jan 29, 2015 10:36am
Quoting devontrader
{quote} i agree dave and your input is great too.we will help you to.post charts on here too
devontrade,
I have not banned myself from the thread, but if I see what I consider a perfect trade I will pat the guy on the back who ever that be, I am just not interested in posting charts NO ONE LOOKS AT THEM
Please do this NOW and tell me what you see ?
A MR V TRADE
GBP/USD
Broke yesterdays low no real range in , every thing was below their 100lwma, how many ABCD can you see on Clive's 1 min, you do not have to be the 1st into battle, just stack as many things on your side
  • #3,633
  • Jan 29, 2015 10:39am Jan 29, 2015 10:39am
Quoting OAPDave
{quote}.....I am just not interested in posting charts NO ONE LOOKS AT THEM.....
I do. It's hard to imagine the picture you try to conjure for us. A chart will do the job.
  • #3,634
  • Jan 29, 2015 11:10am Jan 29, 2015 11:10am
Quoting skyway
{quote} I do. It's hard to imagine the picture you try to conjure for us. A chart will do the job.
Just put Clive's 100lwma on a 1min chart that's it, when you have done that toggle through all the timeframes eg Daily, or a 60min or a 15min or a 5min each time frame must have Clive's 100lwma on.
All you are now doing is giving yourself a reason to BELIEVE and take the 1min SIGNAL, you can then add a little trading skill that you have built up through hour upon hour at looking at your charts

I just will not keep going here with the same conversation about building a bigger picture to get the entry trade into a position, we all have our own risk reward rules, I fully respect Clive and his Method, it as taught me a lot, but I consider myself just a fraction more cautious than him, but hey that's only me, other traders may get a better risk reward than me. After all its my money, so I will trade it my way, but I must say I have took more from Clive's thread than from the many 100's of threads on here, the most of them being very good, but in general to many indicators for me
  • #3,635
  • Jan 29, 2015 12:52pm Jan 29, 2015 12:52pm
Quoting skyway
{quote} One question Mr V - why this particular pair and not the rest that you mentioned ?
I look at the gbp/eur crosses with aud, jpy and nzd so 6 pairs. I'd only look at others (cad and chf if they were coming up on TT). I prefer trading aud, this one was picture perfect. Clean ab move, break and test of range, small bc retrace. Its a great set up. Why this one, it was for me clearly the best this morning, its as simple as that. As I said I missed it but just put it up as a great example, set ups like this happen a couple of times a week.
  • #3,636
  • Jan 29, 2015 1:06pm Jan 29, 2015 1:06pm
Quoting devontrader
{quote} vantage yes i agree entry where you put your arrow.my question is how could we catch this trade earlier?Trade long on green candle.crossing above the 100lwma?Should we add extra comfirmation for this entry method?
That wouldn't be this method but something else. It looks easy from this chart, as there was a decent base but you'd have to spend those 10,000 hours to clearly see whatever your trade rules are, to sort out in your head so that live, in that instant the one minute candle closes that its a qualifying set up. That's easier said than done, it looks easy but it isn't. Price drifts sideways for ages and you have to be awake to catch the close of the 1 x 1M candle that's the start of the move.

On Clives method and particularly the break and test trades I love yes you are still working off 1M but you have a break out, pull back and go (forming the abc)that in total might take 20 mins to unfold. As soon as you see the test/break and test you're waiting for move to fall into place. That's a major difference from 1 x 1M candle that out of the blue starts the move. I hope I'm making myself clear.

I gave up a long time ago trying to catch the absolute turn. Had 1 magic month where I got it right but couldn't do it consistently enough after that. This method is working really well for me and I am not interested in messing with it.
  • #3,637
  • Jan 29, 2015 1:49pm Jan 29, 2015 1:49pm
Quoting OAPDave
{quote} devontrade, I have not banned myself from the thread, but if I see what I consider a perfect trade I will pat the guy on the back who ever that be, I am just not interested in posting charts NO ONE LOOKS AT THEM Please do this NOW and tell me what you see ? A MR V TRADE GBP/USD Broke yesterdays low no real range in , every thing was below their 100lwma, how many ABCD can you see on Clive's 1 min, you do not have to be the 1st into battle, just stack as many things on your side
fair comment dave,,,just trying to make as many pips as possible...is that me just being getting greedy lol
  • #3,638
  • Jan 29, 2015 1:53pm Jan 29, 2015 1:53pm
Quoting OAPDave
{quote} Just put Clive's 100lwma on a 1min chart that's it, when you have done that toggle through all the timeframes eg Daily, or a 60min or a 15min or a 5min each time frame must have Clive's 100lwma on. All you are now doing is giving yourself a reason to BELIEVE and take the 1min SIGNAL, you can then add a little trading skill that you have built up through hour upon hour at looking at your charts I just will not keep going here with the same conversation about building a bigger picture to get the entry trade into a position, we all have our...
dave you spot on mate
ive been reading loads and loads of threads,,,some goodand some rubbish
i found clives and i was sold on it how simple it is,,,i was an indicator junky and always liked confirmation.

i saw how easy and clean a chart can be to trade,,i guess since adopting clives method i always look for ways to improve
  • #3,639
  • Jan 29, 2015 2:01pm Jan 29, 2015 2:01pm
Quoting Vantage
{quote} That wouldn't be this method but something else. It looks easy from this chart, as there was a decent base but you'd have to spend those 10,000 hours to clearly see whatever your trade rules are, to sort out in your head so that live, in that instant the one minute candle closes that its a qualifying set up. That's easier said than done, it looks easy but it isn't. Price drifts sideways for ages and you have to be awake to catch the close of the 1 x 1M candle that's the start of the move. On Clives method and particularly the break and test...
fair points vantage,,,,reading yours and daves comments i guess i especially and maybe all should be just greatful to have a method that works and gives you green pips.

dont look for that instant reversal point to jump in but wait for the retest,,,eg the abc move and manage your position.

i guess from that comment im thinking,,,,so how can i allow this trade to run on,,,,i guess we allhave our own ideas to let the trade run and run,,,but at least we all have a simple base method to work from

ps dave i reallydo agree with skyway,,,,your comments are so so good,,,,it would b very helpful to see a chart to fully understand.

i use jing

www.jing.com yellow sun in top let corner,,place curser,,over it ,,,,click the left option and then sweep box over what you want to copy on your screen.
save it and then to upload it here you click below(bottom left) "upload from computer" then post your posting
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  • #3,640
  • Jan 29, 2015 2:03pm Jan 29, 2015 2:03pm
Quoting Vantage
{quote} I look at the gbp/eur crosses with aud, jpy and nzd so 6 pairs. I'd only look at others (cad and chf if they were coming up on TT). I prefer trading aud, this one was picture perfect. Clean ab move, break and test of range, small bc retrace. Its a great set up. Why this one, it was for me clearly the best this morning, its as simple as that. As I said I missed it but just put it up as a great example, set ups like this happen a couple of times a week.
I am trying to identify such high probability set up with exact specification from screening so many pairs. Thats the challenge.
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