Trading is as simple as ABCD | Page 189 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gartley/bat/crab/butterfly/abcd/three Drives Pattern Indicator Help 50 replies

Abcd fibo retracement trading journal 109 replies

ABCD - My way 122 replies

ABCD Fibo 82 replies

abcd patterns 1 reply

Attachments: Trading is as simple as ABCD
Exit Attachments

Trading is as simple as ABCD

  • #3,761
  • Feb 10, 2015 9:32am Feb 10, 2015 9:32am
Quoting OAPDave
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...
Welldone Dave nice trade

Also gonna give myself a pat on the back for calling that trade off of FF charts, saw the nice AB push up then called the break and retest of 1.5240 level almost to the pip, nice CCI signal and the rests history...

Even downloaded a demo to show the chart...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 42 KB


There you go Dave more than one way to skin a cat I guess.....
Feel the Fear and do it anyway!!!
  • #3,762
  • Feb 10, 2015 9:39am Feb 10, 2015 9:39am
Quoting clivepackham
{quote} Welldone Dave nice trade Also gonna give myself a pat on the back for calling that trade off of FF charts, saw the nice AB push up then called the break and retest of 1.5240 level almost to the pip, nice CCI signal and the rests history... Even downloaded a demo to show the chart... {image} There you go Dave more than one way to skin a cat I guess.....
You have just made me very happy BRILLIANT Boss
Your right it can only go up down or sideways if you take the time issue out of it I think it becomes a lot easier

GREAT TRADING BOSS just got to go and do a little baby sitting, cannot wait to see the reaction to my post but the again no one is interested in them anyway
  • #3,763
  • Feb 10, 2015 1:17pm Feb 10, 2015 1:17pm
Evening Boss
Do you realize we have took 20pip out of your least fav pair and its only had a range of 80
So you are a guy always up for a challenge
On your demo, trade the gbp/usd and now here comes the bit you will not like, hahaha
You are only allowed to use horizontal lines I do not care how many or what they are, and your ABCD, have ago lets have a laugh and just see if you can make pips, What have you got to loose and its your least fav pair
Bet you a pint you will show a profit ?
  • #3,764
  • Feb 10, 2015 1:51pm Feb 10, 2015 1:51pm
Quoting OAPDave
Evening Boss Do you realize we have took 20pip out of your least fav pair and its only had a range of 80 So you are a guy always up for a challenge On your demo, trade the gbp/usd and now here comes the bit you will not like, hahaha You are only allowed to use horizontal lines I do not care how many or what they are, and your ABCD, have ago lets have a laugh and just see if you can make pips, What have you got to loose and its your least fav pair Bet you a pint you will show a profit ?

Don't worry you don't have to convince me about horizontal levels I'm a great believer in them. In fact my template has all 25 levels marked out automatically. Its surprising how many times price reacts off of these 25 pip levels. In fact GBPUSD is notorious for trading off of them, why even today when we were messing around with it, it was trading off of these levels.

Attached Image (click to enlarge)
Click to Enlarge Name: 25 levels on gbpusd.png Size: 72 KB


In particular break and retest entries are very good. Heres a little tip for you Dave if you're gonna persist in trading GBPUSD. Use a pending buystop order after a green reaction candle at a 25 level.

The only reason i don't solidly trade any single pair never mind GBPUSD is because I want to see them top of my TTindy or at least top half and I'm also looking for some weakness or strength across the board. Then you see all these little price action trades work.... Break and retests, pullbacks to suppoort/resistance, CCI signals, 100lwma touch trades etc etc. All start to work on a regular basis because of the strong trend....

Now as for that drink bet ,well only if we can meet up in a local pub and drink it together.....
Feel the Fear and do it anyway!!!
  • #3,765
  • Feb 10, 2015 1:57pm Feb 10, 2015 1:57pm
Quoting clivepackham
{quote} Don't worry you don't have to convince me about horizontal levels I'm a great believer in them. In fact my template has all 25 levels marked out automatically. Its surprising how many times price reacts off of these 25 pip levels. In fact GBPUSD is notorious for trading off of them, why even today when we were messing around with it, it was trading off of these levels. {image} In particular break and retest entries are very good. Heres a little tip for you Dave if you're gonna persist in trading GBPUSD. Use a pending buystop order after...
Your on, we will set a date, how about when your back doing what you love full-time and you have made 3 months steady profit
  • #3,766
  • Feb 10, 2015 2:04pm Feb 10, 2015 2:04pm
Quoting OAPDave
{quote} Your on, we will set a date, how about when your back doing what you love full-time and you have made 3 months steady profit
Just to correct 0ne point I do not use the hard 25 levels my levels are 25 pips from the 5am open price !!!!
  • #3,767
  • Feb 10, 2015 2:19pm Feb 10, 2015 2:19pm
One last thing I want to point out today, when I was messing around with GBPUSD today I could see the 100lwma was sloping up but I didn't know if it was the strongest trender as I didn't have my standard charts with my TTindy. I don't know this for sure but I'll wager that CAD pairs were dominating the TTindy because when you look at CAD charts they all have lovely sloping 100lwmas.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM1.png Size: 60 KB


Attached Image (click to enlarge)
Click to Enlarge Name: usdcadm1.png Size: 60 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurcadm1.png Size: 61 KB


Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADM1.png Size: 59 KB


Little surprise then that GBPCAD gave up some fantastic trades with near perfect CCI signals. I know you're all getting tired of hearing this but its so much easier trading with a strong trender....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadm1.png Size: 58 KB


Ok so heres the deal, like Mr V. has been saying since time began, look for some strength/weakness across the board then look for the best ABCD setup and take it....
Feel the Fear and do it anyway!!!
  • #3,768
  • Feb 10, 2015 2:31pm Feb 10, 2015 2:31pm
Clive
Going to bed now but just one question, which came 1st the chicken or the egg ?????
  • #3,769
  • Feb 10, 2015 3:05pm Feb 10, 2015 3:05pm
Quoting OAPDave
Clive Going to bed now but just one question, which came 1st the chicken or the egg ?????

AB comes first then a BC then a CD, but all of course proceeded by a steep sloping 100lwma.....
Feel the Fear and do it anyway!!!
  • #3,770
  • Feb 11, 2015 12:00am Feb 11, 2015 12:00am
Quoting OAPDave
Clive Going to bed now but just one question, which came 1st the chicken or the egg ?????
the egg come first.with out egg life is not createdif you say chicken then why still today after 1000s years does chicken still out out egg with chick in and not give birth to live young?
  • #3,771
  • Feb 11, 2015 12:55am Feb 11, 2015 12:55am
In @ 70 sl 43 tp 25pips
  • #3,772
  • Feb 11, 2015 1:38am Feb 11, 2015 1:38am
Quoting OAPDave
In @ 70 sl 43 tp 25pips
Chicken out, saw the battle at R1 so took 17.1 pips profit
  • #3,773
  • Feb 11, 2015 1:45am Feb 11, 2015 1:45am
Quoting OAPDave
{quote} Chicken out, saw the battle at R1 so took 17.1 pips profit
That serves me right for messing with my trade they have just showed me the 25pips I was after, never mind 17.1 pips is better than a slap across the face with a wet kipper
  • #3,774
  • Feb 11, 2015 3:11am Feb 11, 2015 3:11am
This is my 3rd buy today on gbpaud, I hate to take trades this late in a move if its the first trade of the day. But if you're up you can carry on giving them a go.

GBP strong across several pairs, aud weak against gbp and eur so I'm happy to be trading strong v weak. Prob last trade of day, after length of run happy with +27.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCHFM1.png Size: 17 KB
Click to Enlarge Name: GBPAUDM1.png Size: 34 KB
  • #3,775
  • Feb 11, 2015 3:41am Feb 11, 2015 3:41am
Quoting Vantage
This is my 3rd buy today on gbpaud, I hate to take trades this late in a move if its the first trade of the day. But if you're up you can carry on giving them a go. GBP strong across several pairs, aud weak against gbp and eur so I'm happy to be trading strong v weak. Prob last trade of day, after length of run happy with +27. {image} {image}
As usual top class trading Mr V well done
  • #3,776
  • Feb 11, 2015 7:42am Feb 11, 2015 7:42am
Quoting Vantage
This is my 3rd buy today on gbpaud, I hate to take trades this late in a move if its the first trade of the day. But if you're up you can carry on giving them a go. GBP strong across several pairs, aud weak against gbp and eur so I'm happy to be trading strong v weak. Prob last trade of day, after length of run happy with +27. {image} {image}
Nicely done Dave and Mr V.

How did the previous 2 trades pan out Mr V.???
Feel the Fear and do it anyway!!!
  • #3,777
  • Feb 11, 2015 7:52am Feb 11, 2015 7:52am
Quoting clivepackham
{quote} Nicely done Dave and Mr V. How did the previous 2 trades pan out Mr V.???
Thanks Boss have you managed to find time for a trade ?
  • #3,778
  • Feb 11, 2015 8:07am Feb 11, 2015 8:07am
Quoting OAPDave
{quote} Thanks Boss have you managed to find time for a trade ?
Unfortunately no but i am going to sort my laptop out at work with my templates etc so I can have a look in between clients...
Feel the Fear and do it anyway!!!
  • #3,779
  • Feb 11, 2015 8:24am Feb 11, 2015 8:24am
Quoting clivepackham
{quote} Unfortunately no but i am going to sort my laptop out at work with my templates etc so I can have a look in between clients...
Boss be careful, your day job pays the bills, don't get forced into trades just because you are between clients, throw yourself into the job make as much money as you can, keep your belief in your method and pounce when the time is right, not that I want you to because I enjoy our banter, but cut the time spent on here, to be honest in general their seems a lack of interest but that may be their are not to many (full-time) traders
  • #3,780
  • Feb 11, 2015 10:31am Feb 11, 2015 10:31am
Quoting clivepackham
{quote} Nicely done Dave and Mr V. How did the previous 2 trades pan out Mr V.???
Hi Clive

By any reasonable measure things are going well again this month. I am applying the system (with my minor tweaks) looking for agreement across pairs and am very happy with the trading discipline for entries.

But if I look at the pips gained compared to what was available today then I cannot help but be a little disappointed. I exit trades early, my biggest trading issue. I need to work on the courage that once that first test or break and test around LO is taken then to let trades run longer and of course accept that some very decent 30 or more pip trades might come back to BE. Of course then the days where you hit the 150 pip moves the return will be massive.

Fear and greed the age old problem. Now that I have that off my chest, I'm fine, system is great and we can work again on exits.
17 traders viewing now