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Trading is as simple as ABCD

  • #3,741
  • Feb 10, 2015 1:59am Feb 10, 2015 1:59am
Morning Boss
When you play a game the pitch as to be marked out first.
The first guy into battle nearly always gets killed
Once you get the hang of this you can do it from work off your mobile or any device, just set your own risk reward ratio
  • #3,742
  • Feb 10, 2015 6:25am Feb 10, 2015 6:25am
Quoting OAPDave
Morning Boss When you play a game the pitch as to be marked out first. The first guy into battle nearly always gets killed Once you get the hang of this you can do it from work off your mobile or any device, just set your own risk reward ratio
Morning Dave

Any chance of a post of your trades this morning??

Would be good to see exactly what you are doing, it sounds like the London Breakout trade to me, re you're marking out the overnight range then buying or selling the break of said range???? Mr V.is amaster of this method and regularly takes the break and retest of the overnight range..

Don't expect you to post as you go but would be good if you could however just post a chart showing trade after its all finished would suffice to show us what you're doing....
Feel the Fear and do it anyway!!!
  • #3,743
  • Feb 10, 2015 6:32am Feb 10, 2015 6:32am
Quoting clivepackham
{quote} Morning Dave Any chance of a post of your trades this morning?? Would be good to see exactly what you are doing, it sounds like the London Breakout trade to me, re you're marking out the overnight range then buying or selling the break of said range???? Mr V.is amaster of this method and regularly takes the break and retest of the overnight range.. Don't expect you to post as you go but would be good if you could however just post a chart showing trade after its all finished would suffice to show us what you're doing....
Only been back in the house 30min, I play WALKING FOOTBALL Tuesday and Thursday mornings
  • #3,744
  • Feb 10, 2015 7:25am Feb 10, 2015 7:25am
Good morning, just arriving on the scene and noticed this nice setup :nerd:

Shalom and good trading to all
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Trade 1a - 2102015.gif Size: 64 KB
Low Risk Low Stress High Reward High Probability Trades
  • #3,745
  • Feb 10, 2015 7:27am Feb 10, 2015 7:27am
Had a 14 pip losing trade this morning.

GBP had some pairs in top 8 at entry and jpy featured with some weakness. We are flirting with the highs from a few days ago and I fancy it popping up but did not want to risk a strong push down and losing out. Exited +51.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 36 KB
  • #3,746
  • Feb 10, 2015 7:28am Feb 10, 2015 7:28am
Quoting OAPDave
{quote} Only been back in the house 30min, I play WALKING FOOTBALL Tuesday and Thursday mornings
Sounds like a good idea to me, how about golf? Thats another way to enjoy walking, keeps you fit and its very sociable as can have a good old chat on the way round. Love my golf just not getting enough time to play at the mo. Did I ever tell you about the time I played with Tiger Woods??? But thats another story for another day , think I posted about it at the time on the thread here somewhere with a photo to boot...

Anyway back to trading, so with all this football when do you actually trade? Whats the best time of day in your opinion??

Did you take any trades today???

You know I think its like you said the other day we only really need say 20 pips profit per day to make a good living don't we?? And when you think some pairs move 100 plus pips a day, it can't be that hard can it?? I'm thinking wait for a couple of perfect set ups a day when theres a strong or weak currency across the board then grab yourself 20 or so pips and be done with it.

Just after LO and just after NYO, possibly the over night move just after Tokyo opens up...depending on your timezones I guess..

Stop dreaming about 100's of pips moves just grab the momentum run from a strong trender and whatever it gives you it gives you, job done...

Trade at something like £10 per pip risk your £100 and if you lose you lose, give yourself 3 lives in a day so 3 strikes and you're out, job done...Good days you have 3 winners and you're done.

Thats the way I'm going with it all sensible risk management 3 trades max in a day just after LO,NYO or TO and you get what you get....Last one move to BE and hold on 100lwma colour change..
Feel the Fear and do it anyway!!!
  • #3,747
  • Feb 10, 2015 7:39am Feb 10, 2015 7:39am
Quoting Vantage
Had a 14 pip losing trade this morning. GBP had some pairs in top 8 at entry and jpy featured with some weakness. We are flirting with the highs from a few days ago and I fancy it popping up but did not want to risk a strong push down and losing out. Exited +51. {image}

Hi Mr V. and George

Looks like you guys caught the same move. Perfect entry by Mr V. spot on the money nice pullback CCI signal to a key level old support and resistance and our dear old 100lwma doing its bit too. Then of course because its a strong trender a nice 50 plus move. Thats really key here that when we do catch a winner because its a strong trender it will give you bigger winners than your losers...


Georges entry another good example of a break and retest of a key level, old resistance, but again a strong trender so away it goes nicely, what was the end result George???

No idea what the TTindy was showing at the time but the reason these trades work is very simple, look at the slope of the 100lwma and price clearly trading above it. In other words a strong trender....
Feel the Fear and do it anyway!!!
  • #3,748
  • Feb 10, 2015 7:48am Feb 10, 2015 7:48am
Quoting clivepackham
{quote} Hi Mr V. and George Looks like you guys caught the same move. Perfect entry by Mr V. spot on the money nice pullback CCI signal to a key level old support and resistance and our dear old 100lwma doing its bit too. Then of course because its a strong trender a nice 50 plus move. Thats really key here that when we do catch a winner because its a strong trender it will give you bigger winners than your losers... Georges entry another good example of a break and retest of a key level, old resistance, but again a strong trender so away it goes...
Hi Clive

TT wasn't big number but nothing was at the time. But gj was near the top. EJ was below its ma but also trying to go up and ga, gn both above their ma's. The set up was also one of my faves i.e. resumption of trend, a weak pre/early US open CT move lower against the days direction as per last post on blog http://www.vantagefx.blogspot.com/
  • #3,749
  • Feb 10, 2015 8:10am Feb 10, 2015 8:10am
Quoting clivepackham
{quote} Sounds like a good idea to me, how about golf? Thats another way to enjoy walking, keeps you fit and its very sociable as can have a good old chat on the way round. Love my golf just not getting enough time to play at the mo. Did I ever tell you about the time I played with Tiger Woods??? But thats another story for another day , think I posted about it at the time on the thread here somewhere with a photo to boot... Anyway back to trading, so with all this football when do you actually trade? Whats the best time of day in your opinion??...
Yes remember your post about Tiger Wood, Clive I have no set time to trade, to me like you its waiting for the dam thing to get momentum then I want to jump onboard because of the way I have marked the pitch out, I look at every 25pips it moves away from its balance line (5AM OPEN)as gaining positive momentum or negative momentum, as of now poor range in GBP/USD so due to the time of day they will most likely need to expand the range so that's were I will be waiting to do battle, remember the end of that video when the guy said something like they hold 1pair but trade the same pairs other crosses well that's just whats happened today gbp jpy aud nzd cad Yes its much like Mr V trading but I just go zone to zone then call it a day if its taken a good bit of its daily range up, also like Mr V I like to see a retest of my 1st 25 level either side of the Open and the I will go with it
These Transaction Bars are just normal bog standard bars but they do a histogram and add how many trades have been done on it eg 9.45 biggest bar of the day (15min) 1757 trades 12.00 bar 635
  • #3,750
  • Feb 10, 2015 8:11am Feb 10, 2015 8:11am
Quoting clivepackham
{quote} Hi Mr V. and George Looks like you guys caught the same move. Perfect entry by Mr V. spot on the money nice pullback CCI signal to a key level old support and resistance and our dear old 100lwma doing its bit too. Then of course because its a strong trender a nice 50 plus move. Thats really key here that when we do catch a winner because its a strong trender it will give you bigger winners than your losers... Georges entry another good example of a break and retest of a key level, old resistance, but again a strong trender so away it goes...

You got that right Clive - another example of break and retest of key level; but I did short changed myself for no reason and will try to improve on that too. I closed it for 16 pips instead of moving my SL and would have added another 30 pips. The reason I closed it was because Stochastic was already OB on M1 to M30, and would therefore rather take my pips than let the market take it back from me.

Thanks Buddy
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Trade 1b - 2102015.gif Size: 6 KB
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  • #3,751
  • Feb 10, 2015 8:22am Feb 10, 2015 8:22am
Hello Everyone (Esp. Clive!)
I've been lurking around in the background for a few weeks now but have finally found the courage to ditch IE and upgrade to Chrome. With the move comes my shiny new membership to FF !

Does anyone on here know of a way to download the entire thread ? im away quite regularly and would like to take it with me to digest - seems to me there are some very enlightened people posting regular, thoughtful entries.

Clive, congratulations must also go to your continual Shepherding of those contributing back towards your principal concept.
It seems a little late to say, but condolences offered - we are all benefiting from the work you have chosen to put in here for your own private reasons.
Youre doing him proud....

'nuff said ?

Best wishes to all,
Steve
Work to Live, don't Live to Work.
  • #3,752
  • Feb 10, 2015 8:31am Feb 10, 2015 8:31am
Guys
Just out of interest the 15min 50pip up bar (13.30 uk time) gbp/Jpy had 3219 trade on thats 3 times more than the next highest bar which was the 12.00 bar 1038 trades
  • #3,753
  • Feb 10, 2015 9:33am Feb 10, 2015 9:33am
Quoting TheMachine
Hello Everyone (Esp. Clive!) I've been lurking around in the background for a few weeks now but have finally found the courage to ditch IE and upgrade to Chrome. With the move comes my shiny new membership to FF ! Does anyone on here know of a way to download the entire thread ? im away quite regularly and would like to take it with me to digest - seems to me there are some very enlightened people posting regular, thoughtful entries. Clive, congratulations must also go to your continual Shepherding of those contributing back towards your principal...
Hi Steve TheMachine

Thanks for the kind words really appreciate it.

Yes there are some really good guys on here who post their trades regularly which I think is a very good thing as it shows they are genuine and trading the system live, demo or real its great to see live trades posted..How often do we see threads on FF where guys claim to be too busy or can't post and trade, not even afterwards?????

Always a touch suspicious to me when they make such absurd claims , it takes seconds to post trades. But I've always tried to post as I trade in fact theres been times I've had to breakoff from a post to take a trade mid post.... So you're right its great to see so many trades posted and so many genuine traders adding so much value...

Its nice to see someone appreciates how I'm trying to stick to the simple concept of find a strong trend, wait for a pullback jump on the trend....Price can only go up or down so once we know which direction its going in then its a fairly simple concept to jump on board on the next pullback..

Its also very interesting how many guys try to add to this simple concept and start to complicate and over analyse a very simple choice, up or down??? Only yesterday I spent 20 mins on skype with a lovely guy trying to persuade me to read another thread and approach the thread starter to combine our strategies. In the end I just said, nope its not for me I know what i'm all about here and thats where I'm staying. Up or down??? Not sure?? Then look at another chart until you find one where you are sure...

Anyway don't get me on my soap box again or you're wake Dave up from his afternoon siesta....

Welcome aboard and just remember one thing, up or down, thats all you've got to decide, up or down?????

PS no idea how to download whole thread..maybe ask admin???
Feel the Fear and do it anyway!!!
  • #3,754
  • Feb 10, 2015 9:40am Feb 10, 2015 9:40am
Quoting clivepackham
{quote} Hi Steve TheMachine Thanks for the kind words really appreciate it. Yes there are some really good guys on here who post their trades regularly which I think is a very good thing as it shows they are genuine and trading the system live, demo or real its great to see live trades posted..How often do we see threads on FF where guys claim to be too busy or can't post and trade, not even afterwards????? Always a touch suspicious to me when they make such absurd claims , it takes seconds to post trades. But I've always tried to post as I trade...
Cheeky bugger !!!!!! I am hear waiting to pounce just aint my pair today were the action is
  • #3,755
  • Feb 10, 2015 9:54am Feb 10, 2015 9:54am
Thanks Clive ! nice to know your watching ....

Ive actually been enjoying the last couple of hours on GBPJPY with the ABCD system - had some great results, lets hope there's more to come....

Playing (and i sadly use the word accurately) with FOREX for the past 5 years or so now and I came to your conclusion that everything can be overcomplicated with technical jargon and needless overlay fairly early on.
I've therefore spent my time developing a Money Management system whilst looking for a core 'system' to operate it in conjunction with.
(It currently requires a slightly higher time-frame to function correctly, but the expansion of your thoughts into that territory and the transposition of my rules down is what excites me the most here)

Ill let you (and anyone else interested) know how it pans-out over the next couple of months.

Out of curiosity, you shared (very early on - following a ropey first week or two) the actual size of your 'pot'; can you share with us how your getting along and any goals you may have set yourself in that respect ?

We're all here for two reasons,
1) the subject matter is captivating and we can all see how - in theory - we are all millionaires in the making. And
2) we all have different ideas of what we are going to do with all that money when it (undoubtedly) arrives !!

In the interests of transparency. I have $5K to gently lower (not throw!) into "TheMachine" and would like to target a 10% PCM growth rate.
Random figures, and random thoughts I know.
But life needs targets.

I will sign off all future posts with trade-information and how the Pot is doing.

PipPip !
Steve
Work to Live, don't Live to Work.
  • #3,756
  • Feb 10, 2015 10:03am Feb 10, 2015 10:03am
Quoting OAPDave
{quote} Cheeky bugger !!!!!! I am hear waiting to pounce just aint my pair today were the action is
And as if by magic as he speaks it starts to move.........GBPUSD moving up nicely Dave..

Are you about to pounce??

Sorry can't post charts as at work and no charts other than those on FF.....
Feel the Fear and do it anyway!!!
  • #3,757
  • Feb 10, 2015 10:06am Feb 10, 2015 10:06am
GBPUSD break and retest of 1.5240?????
Feel the Fear and do it anyway!!!
  • #3,758
  • Feb 10, 2015 10:10am Feb 10, 2015 10:10am
Quoting clivepackham
GBPUSD break and retest of 1.5240?????
Yes I am in @52 stop 36 looking for 25pips
  • #3,759
  • Feb 10, 2015 10:31am Feb 10, 2015 10:31am
Quoting OAPDave
{quote} Yes I am in @52 stop 36 looking for 25pips
Hi Dave

I haven't got access to my charts just using those here on FF so I'm not sure how strong a trender it was but I will say I have struggled to trade GBPUSD in the past as I've always found it very popular with the counter trend boys therefore trends even on the 1 min are very short lived...

I'm interested as you specialise in GBPUSD how do you find it??

I would say that unless its a very strong trender I tend to leave it alone as it doesn't lend itself to my system very well...

Hope your trade works out ok....
Feel the Fear and do it anyway!!!
  • #3,760
  • Feb 10, 2015 11:19am Feb 10, 2015 11:19am
Boss
You may have gathered by now I trade a little different than 99.9% of guys on here, to me this is just a game you win or loose. I have lived life to the full ,owned & trained Greyhounds even 25yrs ago having More money on my best dog to win than the estate car I was driving at the time and that was only 1year old and yes he did win in 28seconds I have had a four figure sum on a guy to win a money match at pool, had a tax inspection against me and ended up having to photo-copy all my horse racing bets to them even had to hire one of them fancy accountants to get them off my back even back in them days it was £600 per hour, so you see I have a very laid back approach.
All I want to know is what is my reward for the risk just not interested in getting to breakeven after a couple of pips, The risk is the trade sure if it gets to nearly my target I will pull it if I want, but like you said in your post either win or lose and just keep playing about with the pip value , I could go on but my views will not go down to well with most guys
BUT ITS ONLY A GAME you will make more money if you treat it like that
That's funny just clicked out early for 20.4 pips profit
NO I wont show you the proof I do not even show the wife so hard luck if you doubt me
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