Trading is as simple as ABCD | Page 196 | 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

  • #3,901
  • Feb 16, 2015 2:42am Feb 16, 2015 2:42am
Quoting Vantage
{quote} Had a small pullback and test of the W M2 pivot I have at 2.0535, fallen again and stop now at BE.
Looks like the lows from last week 11 Feb will hold, which is why we are at BE.
  • #3,902
  • Feb 16, 2015 2:45am Feb 16, 2015 2:45am
Quoting Vantage
{quote} Looks like the lows from last week 11 Feb will hold, which is why we are at BE.
And out at BE. You can't win them all.
  • #3,903
  • Feb 16, 2015 3:12am Feb 16, 2015 3:12am
Hi Mr V
I was watching the same Gpb weakness as shown on the TTindy.

Three trades set up on Gbp/ Jpn Gbp/ Nzd and Gbp/Aus. All in the top 3 of the TTindy.

have gone back to observation mode so didn't trade but all three would have given an easy 10 pips just after the London open.

Interested in your Skype group would it be possible for me to have a peek in at it.

Best regards
  • #3,904
  • Feb 16, 2015 3:24am Feb 16, 2015 3:24am
Quoting geanies101
Hi Mr V I was watching the same Gpb weakness as shown on the TTindy. Three trades set up on Gbp/ Jpn Gbp/ Nzd and Gbp/Aus. All in the top 3 of the TTindy. have gone back to observation mode so didn't trade but all three would have given an easy 10 pips just after the London open. Interested in your Skype group would it be possible for me to have a peek in at it. Best regards
The next gbpnzd signal went, oh well that happens. Its now run 60 pips or so lower.

The skype group is not very active now that Clive is no longer around. The address was posted earlier somewhere.
  • #3,905
  • Feb 16, 2015 3:45am Feb 16, 2015 3:45am
Hi Guys
Nice to see so much activity amongst us all and another newcomer California, welcome aboard my friend I think we have very similar outlook on trading eg the strongest trenders only... No matter how you define them..

Just took one trade this morning on GBPNZD top of TTindy bit late to the ball due to work but still took 15 pips out of it round about 3.5% so a nice start to the day..

Theres some strong hrly support around here so tread carefully plus its moved quite a way already on this particular move..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM1.png Size: 54 KB
Feel the Fear and do it anyway!!!
  • #3,906
  • Feb 16, 2015 3:49am Feb 16, 2015 3:49am
Mr V
I found the references to your Skype group on this thread.

See that you are a very busy man and I can respect that and your privacy.

If things change for you would appreciate a heads up.

Thanks
  • #3,907
  • Feb 16, 2015 4:01am Feb 16, 2015 4:01am
Having another go but at BE quickly so got two chances now either a winner or BE,
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM1.png Size: 55 KB
Feel the Fear and do it anyway!!!
  • #3,908
  • Feb 16, 2015 6:33am Feb 16, 2015 6:33am
perfect reversal setup GBPNZD top of both 1 min and 5 min but opposite colours, probably Mr V.s pre-NYO counter trend move before return back with LO trend..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM1.png Size: 53 KB
Feel the Fear and do it anyway!!!
  • #3,909
  • Feb 16, 2015 6:52am Feb 16, 2015 6:52am
Nope nothing came of last two trades both BE but again up a few pips on both but nowt to show for it...The first one probably because it had moved a fair way already so there wasn't much left so should of grabbed a handful and the GBPNZD was against the morning trend but with no USD today as a bank holiday it too ran out of steam...

The more I trade the more I'm swaying towards taking something out of every positive trade even if its 5 pips... Watch the price action and if its lack lustre with no real drive then jut grab 10 pips and be done with it if however its moving smartly let it run a bit... Diificult to do of course and requires very good discipline but the biggest thing is to just accept whatever happens after you exit, just ignore it if it fires up just after you close and races away, just remember all the times it didn't..

No USD today as a bank holiday so common sense tells me to leave well alone but if I get a trend over 30 then I'll have a look..Otherwise forget it...
Feel the Fear and do it anyway!!!
  • #3,910
  • Feb 16, 2015 7:11am Feb 16, 2015 7:11am
In regards to exits, here are some interesting thoughts Clive: https://therethinkgroup.net/nailing-better-trade-exits/ Happy pipping!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #3,911
  • Feb 16, 2015 7:44am Feb 16, 2015 7:44am
Guys
Stick with it he does give you his ideas of how to take profit
Inserted Video
  • #3,912
  • Feb 16, 2015 8:20am Feb 16, 2015 8:20am
hi everyone...
after reading here http://www.forexfactory.com/showthre...207#post796920 i cannot find the TTindy (what is it and where can i find it? even google can't help me).
I'm looking at the chart here http://www.forexfactory.com/attachme...4&d=1420141601 over and over again but cant find indicator displaying 30 i only found trendcci

and the second question what is the indi name on this chart http://www.forexfactory.com/attachme...1&d=1420144119 (displaying top 8 1m and 5m - left corner)

thank you
  • #3,913
  • Feb 16, 2015 10:19am Feb 16, 2015 10:19am
Quoting jnfer
hi everyone... after reading here http://www.forexfactory.com/showthre...207#post796920 i cannot find the TTindy (what is it and where can i find it? even google can't help me). I'm looking at the chart here http://www.forexfactory.com/attachme...4&d=1420141601 over and over again but cant find indicator displaying 30 i only found trendcci and the second question what is the indi name on this chart http://www.forexfactory.com/attachme...1&d=1420144119 (displaying...
Hi jnfr.
Click on Dave Packham's name (post # 3,909 above). This will open his profile.
Look in the section that says Posts. Then click on 98 Files This will bring up a summary of all indicators that Clive has posted on this thread.
TTindy is amongst them (and many more wonderful stuff)
Good luck and enjoy!
Regards
Pieter
  • #3,914
  • Feb 16, 2015 11:07am Feb 16, 2015 11:07am
Quoting jnfer
hi everyone... after reading here http://www.forexfactory.com/showthre...207#post796920 i cannot find the TTindy (what is it and where can i find it? even google can't help me). I'm looking at the chart here http://www.forexfactory.com/attachme...4&d=1420141601 over and over again but cant find indicator displaying 30 i only found trendcci and the second question what is the indi name on this chart http://www.forexfactory.com/attachme...1&d=1420144119 (displaying...
http://www.forexfactory.com/showthre...47#post7967447
  • #3,915
  • Feb 16, 2015 12:56pm Feb 16, 2015 12:56pm
Hello.

Clive's Histogram CCI with 100 period nice filter, like 100lwma.

Bad news is TTindy not useful for renko charts. If Clive ask autor of this indy make it work with offlines TF.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM3.png Size: 29 KB
  • #3,916
  • Feb 16, 2015 1:08pm Feb 16, 2015 1:08pm
Quoting Pipglutton
{quote} Hi jnfr. Click on Dave Packham's name (post # 3,909 above). This will open his profile. Look in the section that says Posts. Then click on 98 Files This will bring up a summary of all indicators that Clive has posted on this thread. TTindy is amongst them (and many more wonderful stuff) Good luck and enjoy! Regards Pieter
hey clive.....have you got more then one identity? Lol
  • #3,917
  • Feb 16, 2015 2:02pm Feb 16, 2015 2:02pm
Quoting Virtikus
Hello. Clive's Histogram CCI with 100 period nice filter, like 100lwma. Bad news is TTindy not useful for renko charts. If Clive ask autor of this indy make it work with offlines TF. {image}
Hi Virtikus

I think it works fine if you have the TTindy open on one chart to identify the strongest trenders, then using 3 pip bricks on Renko take the ABCD moves. I'm quite keen on the Harenko charts we use to use, basically Renko charts with Heiken Ashi candles.

The ABCD moves stick out like a sore thumb especially using CCI on the Harenko chart. Awesome combination...

Strong trender, Harenko chart, CCI signal...Heres a chart when EURJPY was top of the TTindy..
Attached Image (click to enlarge)
Click to Enlarge Name: Harenko charts.png Size: 70 KB
Feel the Fear and do it anyway!!!
  • #3,918
  • Feb 16, 2015 2:15pm Feb 16, 2015 2:15pm
Found an interesting patterns on EUR pairs
Attached Image(s) (click to enlarge)
Click to Enlarge Name: formationseeker1.png Size: 112 KB
Click to Enlarge Name: formationseeker2.png Size: 100 KB
  • #3,919
  • Feb 16, 2015 2:39pm Feb 16, 2015 2:39pm
Quoting clivepackham
{quote} Hi Virtikus I think it works fine if you have the TTindy open on one chart to identify the strongest trenders, then using 3 pip bricks on Renko take the ABCD moves. I'm quite keen on the Harenko charts we use to use, basically Renko charts with Heiken Ashi candles. The ABCD moves stick out like a sore thumb especially using CCI on the Harenko chart. Awesome combination... Strong trender, Harenko chart, CCI signal...Heres a chart when EURJPY was top of the TTindy.. {image}
Ttindy show start of strong trend on m1, but on renko chart this trend just continue previous move.
One more question. How you escape from this reversal entry? Or just accept it like obvious lost.
Attached Image
  • #3,920
  • Feb 16, 2015 3:16pm Feb 16, 2015 3:16pm
Quoting Virtikus
{quote} Ttindy show start of strong trend on m1, but on renko chart this trend just continue previous move. One more question. How you escape from this reversal entry? Or just accept it like obvious lost. {image}
The TTindy just shows you something is trending strongly that of course doesn't mean it will continue to do so. So you have to pull a strong trenders chart up Harenko or normal and decide if the trend is still in place or not. On the EURJPY chart I showed above the first 3 entries were lower highs proceeded by nice AB moves taking out previous lows so we can assume trend is still in place. However trends come to an end as per the last signal you showed and if you trade any trend until the end you will have a loser at the end. However maybe after the first 2 or 3 winners you might think enough is enough I will stop for the day or at least on this move which had gone 130 pips by the time it gave your bad signal.

According to disciples of the Elliot Wave theory there are on average just 5 waves to every move. We are trying to catch wave 3 and 5 at best so after 2 entries we can assume it will reverse or at least have a sizeable correction move counter trend.....

Unfortunately there is no way of knowing when a trend is ending until it ends, just the nature of the beast I'm afraid. So sorry I couldn't foresee that losing trade coming but maybe we could expect it after such a strong move???? Therefore after 2 good signals don't take any more...
Feel the Fear and do it anyway!!!
6 traders viewing now