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  • #3,781
  • Feb 11, 2015 12:35pm Feb 11, 2015 12:35pm
Quoting Vantage
{quote} 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...
Don't want this confused with entries where theres been a big run already in place, then in and out is fine. Its letting that first system trade run a little longer.
  • #3,782
  • Feb 11, 2015 1:03pm Feb 11, 2015 1:03pm
Quoting Vantage
{quote} 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...
Hi Mr V if you do not mind me asking do you only trade 1 pair at any single time, I noticed today that around the time of the buy signal for the GBP/AUD the gnzd gcad and gjpy all came in as well so we might have taken seeing all the signals coming together as a green light of strength, then we could have had 3 more times 20/30 pips = 4 x 25pips =100
  • #3,783
  • Feb 11, 2015 1:45pm Feb 11, 2015 1:45pm
Quoting Vantage
{quote} Don't want this confused with entries where theres been a big run already in place, then in and out is fine. Its letting that first system trade run a little longer.
mr v could you remind us of your clive method with your few tweaks?I hear what your saying about exiting too early so if i can fully understand the extra you done ill try and help with suggestions for exits
  • #3,784
  • Feb 11, 2015 1:46pm Feb 11, 2015 1:46pm
Quoting OAPDave
{quote} Hi Mr V if you do not mind me asking do you only trade 1 pair at any single time, I noticed today that around the time of the buy signal for the GBP/AUD the gnzd gcad and gjpy all came in as well so we might have taken seeing all the signals coming together as a green light of strength, then we could have had 3 more times 20/30 pips = 4 x 25pips =100
To trade 3 pairs means scaling down lot size, so I'd rather focus on 1 pair. With the risk % I'm trading I'd only get 1.5 to max 2 trades in at any one time with the margin thats taken. I also do not think I'd be quick enough or good enough to get three trades on when they are going at roughly the same time. It takes enough focus to get 1 good trade on I certainly have no idea how people can get multiple trades when things are running at the same time.
  • #3,785
  • Feb 11, 2015 1:51pm Feb 11, 2015 1:51pm
Quoting OAPDave
{quote} Hi Mr V if you do not mind me asking do you only trade 1 pair at any single time, I noticed today that around the time of the buy signal for the GBP/AUD the gnzd gcad and gjpy all came in as well so we might have taken seeing all the signals coming together as a green light of strength, then we could have had 3 more times 20/30 pips = 4 x 25pips =100

Yes this is the age old dilemma of "Hold em or fold em" . In the past i have tried holding to only see my 10 to 20 pip winners turn into BE trades, however that was way back when we weren't identifying the overall strength of a currency. (Sorry thats me Mr V not your good self, as you've always looked for common strength/weakness across the TTindy.) Anyway my point is maybe now we're actively seeking out a single currency being strong/weak at market opening times then we can expect some bigger runs??

What I'm thinking is , if theres strength across the board then look to hold the trade on the 100lwma slope change..Maybe bank half hold half and just keep taking every signal and rinse and repeat banking half holding half so we build a nice position but bank as well just in case it doesn't run....Then close out all trades when 100lwma slope changes....

If we could develop this "hold and fold" strategy it would work in both rangy and trending pairs... Just a thought...
Feel the Fear and do it anyway!!!
  • #3,786
  • Feb 11, 2015 1:55pm Feb 11, 2015 1:55pm
Quoting devontrader
{quote} mr v could you remind us of your clive method with your few tweaks?I hear what your saying about exiting too early so if i can fully understand the extra you done ill try and help with suggestions for exits
Thanks to our wonderful governments inability to keep the state power company organised over the last 20 years we have had one of our regular power cuts for the last 2 hours. Laptop battery about to call it quits so I'll post tomorrow. But it revolves around agreement across pairs (several recent posts should make that clear), first LO trade not necessarily top TT but I want it there (test or break and test of range), and if all looking really good don't have to have -100/_100 retrace.
  • #3,787
  • Feb 11, 2015 2:19pm Feb 11, 2015 2:19pm
Quoting Vantage
{quote} Thanks to our wonderful governments inability to keep the state power company organised over the last 20 years we have had one of our regular power cuts for the last 2 hours. Laptop battery about to call it quits so I'll post tomorrow. But it revolves around agreement across pairs (several recent posts should make that clear), first LO trade not necessarily top TT but I want it there (test or break and test of range), and if all looking really good don't have to have -100/_100 retrace.

Yep you've got me on the same track , almost essential to have that agreement or a pair that is head and shoulders above the others in trend strength, thats always worth a look , quite often caused by a high differential news release...
Feel the Fear and do it anyway!!!
  • #3,788
  • Feb 11, 2015 3:06pm Feb 11, 2015 3:06pm
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...
Boss can I just remind you and myself of this post you did awhile ago, now pull the GBP/AUD up on the same setting, its as plain as the nose on your face what we should be trading, look at the GBP/CAD now look at that thing I trade, what makes it stand out even more is when you start dropping down to 60min 15min etc etc Boss it looks that my days of only trading the GBP/USD could be numbered
  • #3,789
  • Feb 11, 2015 3:38pm Feb 11, 2015 3:38pm
Quoting OAPDave
{quote} Boss can I just remind you and myself of this post you did awhile ago, now pull the GBP/AUD up on the same setting, its as plain as the nose on your face what we should be trading, look at the GBP/CAD now look at that thing I trade, what makes it stand out even more is when you start dropping down to 60min 15min etc etc Boss it looks that my days of only trading the GBP/USD could be numbered

Now who's got the open mind???? great stuff dave and nice to see you're coming round to my theory. Its got to be trending very strongly to be worth trading and thats what the TTindy is all about and yes you're absolutely right it works on all timeframes.

Also remember that strong trenders help indicators to work efficiently, signals become 70% accurate if not better. Have a look at this top trending hrly pair GBPJPY...CCI signals look cool don't they and think about this, when the CCI signals on the hrly drop down to the 1 min and take the next 100lwma turn up, every chance you could enter on a 10 pip stop and hold on your hrly trend... massive RR's...

Attached Image (click to enlarge)
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Leave that with you Dave....
Feel the Fear and do it anyway!!!
  • #3,790
  • Feb 11, 2015 3:56pm Feb 11, 2015 3:56pm
Quoting OAPDave
Evening Clive A simple check list example Gbp/Usd 60min chart 100lwma 1.5117 = Price above 30min chart 100lwma 1.5118 = Price above 15min chart 100lwma 1.5137 Price above 5 min chart 100lwma 1.5157 Price above 1min chart 100lwma 1.5167 Price above So are you looking for BUYS or SELLs ????????
Boss can you just remind me when I posted this hahahaha its much more fun to be part of a team a wining team at that
  • #3,791
  • Feb 12, 2015 2:54am Feb 12, 2015 2:54am
Quoting devontrader
{quote} mr v could you remind us of your clive method with your few tweaks?I hear what your saying about exiting too early so if i can fully understand the extra you done ill try and help with suggestions for exits
- only buy above, sell below 100lwma
- clean initial AB move, small BC retrace (in relation to initial AB move, not happy when BC move almost comes back to A)
- retrace on 8 cci to the appropriate +100 or -100 level or 200 points on scale. In cases where TT top 8 is completely dominated by a currency I'll even scrap this
- assess what pairs have best strength/weakness, focus top half of TT.
- entry after first closed candle with colour same as initial AB move, 2 pips or so beyond candle high/low
- stop beyond the last high/low C point
- stop to BE after entry tested and moved away (so an ABC move after entry)
- exit will depend on where you have entered, after 1st system entry in move or where its run extensively already (most trades in 30-50 pip range)

There are trades later in moves when a currency might have 5/6 whatever pairs in top 8 and TT scores are high (100 or whatever). The trick becomes what pair to choose before that point is reached, to get in nearer to the start when TT scores might be in 20's. There I'm looking for initial clean AB move and support from other pairs. So minimum of say GBPAUD and EURAUD agreeing so likely AUD strong/weak, or say GBPAUD, GBPNZD, GBPJPY where GBP strong/weak. By agreeing, do they show price same above/below 100lwma, are they moving in same direction still, making HL/LH's, are they in top 8 TT. This is still likely as even if TT numbers are much smaller than when pairs are running hard the chances are at the start of move most pairs are drifting, The pair thats given a clean AB move to opposite side to test range will most likely be high on TT.
  • #3,792
  • Feb 12, 2015 3:16am Feb 12, 2015 3:16am
Morning
Was trailing this one peacefully along the cloud and then...
Attached Image (click to enlarge)
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  • #3,793
  • Feb 12, 2015 3:45am Feb 12, 2015 3:45am
CAD strength across the board 4 out of 8 , nice pullback to key level so has to be done. Only problem a little bit late to party, but its got 2 chances now...
Attached Image (click to enlarge)
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Feel the Fear and do it anyway!!!
  • #3,794
  • Feb 12, 2015 4:12am Feb 12, 2015 4:12am
Quoting clivepackham
CAD strength across the board 4 out of 8 , nice pullback to key level so has to be done. Only problem a little bit late to party, but its got 2 chances now... {image}
Just got back to computer now, great stuff Clive.
  • #3,795
  • Feb 12, 2015 4:26am Feb 12, 2015 4:26am
Quoting Vantage
{quote} Just got back to computer now, great stuff Clive.

Thanks but I'm afraid I was in orphan mode today having taken 10 out of GBPJPY earlier I decided to take another 10 here. Shame as its gone 60 plus pips up at one stage had I of held...

I'm thinking when we have this strength or weakness across the board that we should move to hold mode and see what we get... Difficult though as it was after a fair run already so what do you do???

Feels like we're getting there, i think your strength across the board is playing out well , we just need to develop bigger balls maybe?????
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadm1.png Size: 62 KB
Feel the Fear and do it anyway!!!
  • #3,796
  • Feb 12, 2015 4:34am Feb 12, 2015 4:34am
Quoting clivepackham
{quote} Thanks but I'm afraid I was in orphan mode today having taken 10 out of GBPJPY earlier I decided to take another 10 here. Shame as its gone 60 plus pips up at one stage had I of held... I'm thinking when we have this strength or weakness across the board that we should move to hold mode and see what we get... Difficult though as it was after a fair run already so what do you do??? Feels like we're getting there, i think your strength across the board is playing out well , we just need to develop bigger balls maybe????? {image}
Definitely think the across the board trades should get a little more space than 10 pips. But isn't it nice that your concern is the size of the win and not from a few months back what the loss was!!! You remember those days!!!
  • #3,797
  • Feb 12, 2015 4:39am Feb 12, 2015 4:39am
my latest found / trade - NZDCAD
Attached Image (click to enlarge)
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  • #3,798
  • Feb 12, 2015 4:49am Feb 12, 2015 4:49am
Quoting Vantage
{quote} Definitely think the across the board trades should get a little more space than 10 pips. But isn't it nice that your concern is the size of the win and not from a few months back what the loss was!!! You remember those days!!!

Ahhh, "The Good Old Days" where have they gone????
Feel the Fear and do it anyway!!!
  • #3,799
  • Feb 12, 2015 4:52am Feb 12, 2015 4:52am
Right lets see if we can grow some balls here...

GBP strength right across the board so I'm gonna hold and see what I can scrape out of it. Its cost me a bit to get in here but hopefully it will turn out to the good...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 64 KB
Feel the Fear and do it anyway!!!
  • #3,800
  • Feb 12, 2015 4:56am Feb 12, 2015 4:56am
Safely added another now lets see what sticks???
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 64 KB
Feel the Fear and do it anyway!!!
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