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  • #3,821
  • Feb 12, 2015 2:11pm Feb 12, 2015 2:11pm
Quoting geanies101
That was easy. The larger ribbon is based on the 200ema and the 600ema. The smaller ribbon is the 12 and the 36ema Zig zags are 12.36 and 72 basic blue for up red for down.when both ribbons agree and you have a valid abcd trade the crossing of the 36 ema by the 12 ema. simple and effective
Very nice Geanies101 guess I would say you're trading the 1 min trend denoted by the smaller ribbon in the direction of the higher timeframe, denoted by the higher ribbon, using ABCD to enter when they agree. All makes perfect sense...

Out of interest does the ribbon somehow reflect the strength of the trend??? Deeper shadowing maybe??? As you know I'm trying to only trade the strongest trends so does your system identify a stronger trend???

Thanks for sharing.....
Feel the Fear and do it anyway!!!
  • #3,822
  • Feb 12, 2015 2:22pm Feb 12, 2015 2:22pm
Actually heres something very similar that I sometimes switch to if nothing appears to be happening off of the 100lwma. I use a 35lwma one on the 1 min and the 35lwma from the 5 min 175lwma then when they agree I look for an entry, you can almost just enter on the 35lwma colour change back with the 175lwma.

I also use the TTindy set to 35 lwma's too so its pretty quick and flips about a bit but just like this GBPCHF chart below it works pretty well but of course you still have to apply some chart reading skills to get it right...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfm1.png Size: 63 KB


Notice GBPCHF is top of the 5 min and top half of 1 min.... If the price stays above the 35lwma its pretty tasty. Could exit on lwma colour changes even hold on the 5 min 175lwma slope change...

I used this setup just after the news release as it shows up the news driven trends pretty quickly whereas the 100lwma system lags a bit on News releases..
Feel the Fear and do it anyway!!!
  • #3,823
  • Feb 12, 2015 2:41pm Feb 12, 2015 2:41pm
Hi clive thanks for your comments.
Effectively it does not show trend strength,in fact you can see that it is a very weak trend.

I have your currency strength meter and another csm on another chart and I pick the strongest against the weakest to trade,as you keep saying trade the strength.I am a disciple of that.

I did not trade Gbp Cad I just wanted to show an example of my approach.

My belts and braces only extend to 10 pips 2 maybe 3 times a day
  • #3,824
  • Feb 12, 2015 3:32pm Feb 12, 2015 3:32pm
Hi the first chart I posted was not the best trending,

the chart below is a truer representation of a reasonably strong trender.

I have included the 100 lwma so you can see how strong the trend was I didn't take a note of the currency strengths at that time,but I would say it is reasonably strong.

like yourself I don't trade the fakeys between the European and London open again I am using the Gbp /Cad as an example only.

2 trades shortly after London good abcd both returning min 50 pips each. I only look for 10.
Best regards
Attached Image (click to enlarge)
Click to Enlarge Name: stronger trender.PNG Size: 63 KB
  • #3,825
  • Feb 12, 2015 3:36pm Feb 12, 2015 3:36pm
Quoting geanies101
Hi the first chart I posted was not the best trending, the chart below is a truer representation of a reasonably strong trender. I have included the 100 lwma so you can see how strong the trend was I didn't take a note of the currency strengths at that time,but I would say it is reasonably strong. like yourself I don't trade the fakeys between the European and London open again I am using the Gbp /Cad as an example only. 2 trades shortly after London good abcd both returning min 50 pips each. I only look for 10. Best regards {image}
Looks great and I think you're right about just looking for a couple of trades per session is a good idea. Wait for the move then take what you can from it... Thats the secret I think , don't go back to the well too often...
Feel the Fear and do it anyway!!!
  • #3,826
  • Feb 12, 2015 3:47pm Feb 12, 2015 3:47pm
Thanks Clive
Will post a live trade tomorrow Friday the 13. watch it all fall apart.

Can anybody spell disciple
  • #3,827
  • Feb 12, 2015 4:24pm Feb 12, 2015 4:24pm
Quoting geanies101
Hi the first chart I posted was not the best trending, the chart below is a truer representation of a reasonably strong trender. I have included the 100 lwma so you can see how strong the trend was I didn't take a note of the currency strengths at that time,but I would say it is reasonably strong. like yourself I don't trade the fakeys between the European and London open again I am using the Gbp /Cad as an example only. 2 trades shortly after London good abcd both returning min 50 pips each. I only look for 10. Best regards {image}
Really good logical method and good charts, I am glad I have at least 1 friend that as the same view as me on taking profit. Clive I think we have all got our entries just about as good as we can get, we will never all agree on how much reward we want for our risk but its good fun seeing that on good days some want 100s of pips and on bad days they wish they had took their 10/20 pips, you know which camp I am in, but I respect the other view
To me its simple just make a spread sheet and log your trade signals, seeing how many winning trades, most and least pips gained then look at the average, check the results then look to see how to compound your pip value, less pips better pip value as my vote after all do we not have 26pairs to trade and 24 hours to find them
  • #3,828
  • Feb 13, 2015 2:49am Feb 13, 2015 2:49am
Ok Guys
Head on the block time again, this is my view of the gbp/usd for today, unless we have a major dump today we have had a run of 3 weekly HH & HL now with that said we had a 200pip up day yesterday there for I would expect to see some form of a retest could be down to fib or pivot levels so I am going to ignore any sells I get, and wait for BUYS only, to be honest I think I am setting myself up for a hard day after missing all the fireworks yesterday but that's my plan, good or bad time will tell
  • #3,829
  • Feb 13, 2015 2:52am Feb 13, 2015 2:52am
Morning Dave Thanks for your comments.

Clive the other currency strength tool that I use and may be of interest to you and others is PSA by Hanover, A very well respected programmer here on the factory.
it uses various Regression Lines to find the currencies strength and weakness, It Has many user definable variations and to my mind is great.

best regards
  • #3,830
  • Feb 13, 2015 3:25am Feb 13, 2015 3:25am
Guys
In @87 sl 74 taget 25pips
Gone back to my (WHY) bars for entry but never used them on a 1 min before
  • #3,831
  • Feb 13, 2015 3:39am Feb 13, 2015 3:39am
Took an up on the Eur/ Aus.

will post chart when I can
  • #3,832
  • Feb 13, 2015 3:40am Feb 13, 2015 3:40am
Hanover is a GOD in FF as mladen is in Forex-TSD.
  • #3,833
  • Feb 13, 2015 3:46am Feb 13, 2015 3:46am
Hi handy
Couldn't agree more
  • #3,834
  • Feb 13, 2015 3:49am Feb 13, 2015 3:49am
Morning guys

Thought I'd have a quick look but as nothing is trending above 30 on trend strength I'm just not interested. This is something I'm sticking to rigidly. If nothings trending on the 1 minute then believe me nothings worth trading fullstop...

And like Mr V. I also want to see one currency dominating the TTindy...

I'll wait until the money starts to flow then have another look...

Dave just checked out your trade and not sure what you're thinking there??Looks to me like it was down trending when you bought it?? I couldn't see an opportunity in my eyes but as you know I'm not really a GBPUSD man...Good luck my man if you're still in it looks like its going your way now.

If I see anything setup will post it here...
Feel the Fear and do it anyway!!!
  • #3,835
  • Feb 13, 2015 3:54am Feb 13, 2015 3:54am
Two time winner 10 pips taken looks like there is still more there but enough for me
Attached Image (click to enlarge)
Click to Enlarge Name: 2 times.PNG Size: 68 KB
  • #3,836
  • Feb 13, 2015 3:57am Feb 13, 2015 3:57am
Guys clicked out for +5, 93 seems hard to break now im out it will go
  • #3,837
  • Feb 13, 2015 3:57am Feb 13, 2015 3:57am
Things are starting to shape up now with GBPAUD coming to the top of TTindy but still below 30 however it has produced some great trades looking at the CCI signals so far....

Looking for a pullback to support for an entry..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 49 KB
Feel the Fear and do it anyway!!!
  • #3,838
  • Feb 13, 2015 4:00am Feb 13, 2015 4:00am
Quoting geanies101
Two time winner 10 pips taken looks like there is still more there but enough for me {image}
Your the man Top Stuff pat on the back time
  • #3,839
  • Feb 13, 2015 4:03am Feb 13, 2015 4:03am
Top of TTindy and over 30 so worth a go.

In and at BE in the same candle just how I like it...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 36 KB
Feel the Fear and do it anyway!!!
  • #3,840
  • Feb 13, 2015 4:10am Feb 13, 2015 4:10am
Just took 7 pips out of it as it didn't look like it wanted to play nicely this time plus no over all GBP strength or AUD weakness so just an orphan there...

I'll tell you an interesting story ffrom yesterday when I've got a bit of time...
Feel the Fear and do it anyway!!!
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