Trading is as simple as ABCD

ABCD TENDENCIES.
Tendencies – typical behaviours or the way something is likely to react.

We can use tendencies in the market to enhance our edge and take advantage of repeatable occurrences.

A Fib retracement to .382 level of the AB leg tends to terminate at the 1.618 expansion of the AB leg.

A Fib retracement to the .618 or .786 level of the AB leg tends to terminate at the 1.272 Fib expansion of the AB leg.

A Fib retracement to the .50 level of the AB leg tends to terminate at the 1.414 Fib expansion of the AB leg.


I know this is the same as beating you over the head with a stick, but these are facts about the ABCD Pattern that provide additional information about where price is likely to go.

Gotta say I'm quite excited by this recent development as we've always been having discussions here about trading higher timeframe signals holding on higher timeframe moves but entering on the 1 minute with very small stops somewhere between 10 to 20 pips depending on nearest key level. However timing those entries has proved difficult if not impossible at times..

I've also had many discussions with my mentor Martin about entering closer to the MA's and he's always had concerns that the TTindy was getting us in too late in the move...

Also the charts apparently range 70% of the time so trying to catch these longer trends has proved difficult even on the 1 minute timeframe where they happen practically everyday. God knows how longer timeframe traders catch the really big moves???

Sitting there watching the 1 minute charts hour after hour can be absolutely exhausting and very often leads to a loss of discipline so we need some solid simple,written in stone, rules to trade by and an alert to bring me to the chart..

Last but not least , the very best place to enter the trend is in the first pullback of the new trend, leading to much higher RR winners.

Oh, one more thing I have agonised here forever about developing a consistent exit strategy...well maybe this will help.

Very very last thing, my goal has always been to have tight stops on entry on the 1 min with much bigger winners as we all know the secret to a successful trader is bigger winners than his/her losers, now hopefully by trading these higher timeframe ABCD moves we can achieve that too..

OK so heres how I'm seeing this system, the 120 fsma is the 5 min ABCD moves so to time our 1 minute entry perfectly we gonna take the first CCI signal after a slope colour change on the 120 fsma. The first pullback in the new trend direction.

Sometimes this will be the slope changes that appear to be the BC leg , in other words I'll be trading the first pullback in the 5 min CD leg and therefore will have a predetermined target...

I will be monitoring 8 pairs in total 6 GBP pairs excluding EURGBP plus EURAUD and EURJPY. I will have all 8 charts open and wait to hear the slope alert from our FSMA then have a look and wait for the first pullback hopefully a break and retest of the 120 fsma but whatever I will just take the first CCI signal and get to BE after 5or so pips then hold until the slope changes signifying end of trend. I might enter on the first 2 CCI signals but no more..

As I'm trading 5 min ABCD moves I will keep an eye on the 5 min TTindy looking for a slope change in the direction of the 5 min top trender, however my alerts will be my signal to look at a chart then decide from there, what I'm going to trade.

I'm not looking for loads of signals just 2 or 3 good ones every session. Trading times are the same from London open to New York close.

What I'm hoping is that by getting in very early in the new trend,ie the first pullback, I should have bigger winners. Also if I get a break and retest of the 120 fsma my stop will go behind it for 10 pips max. I'm going for tight stops and hoping for bigger winners.

Heres a chart with some excellent examples but then they are so easy to see looking back aren't they....



Gonna give this a go for a while as trading whilst I work is not easy so having these alerts will be great...I can get on with my work and just have a look after an alert sounds...

First one....

Going nicely extensions in place another 10 pips should do it...

Ok guys, here is something interessting. I have changed the TTindy, now you can chose from 27 typs of Moving Averages. You need both indicators to get it work, BUT BE AWARE: It is a hell of cpu intense, especially HMA.

// List of MAs:
// MA_Method= 0: SMA - Simple Moving Average
// MA_Method= 1: EMA - Exponential Moving Average
// MA_Method= 2: Wilder - Wilder Exponential Moving Average
// MA_Method= 3: LWMA - Linear Weighted Moving Average
// MA_Method= 4: SineWMA - Sine Weighted Moving Average
// MA_Method= 5: TriMA - Triangular Moving Average
// MA_Method= 6: LSMA - Least Square Moving Average (or EPMA, Linear Regression Line)
// MA_Method= 7: SMMA - Smoothed Moving Average
// MA_Method= 8: HMA - Hull Moving Average by Alan Hull
// MA_Method= 9: ZeroLagEMA - Zero-Lag Exponential Moving Average
// MA_Method=10: DEMA - Double Exponential Moving Average by Patrick Mulloy
// MA_Method=11: T3_basic - T3 by T.Tillson (original version)
// MA_Method=12: ITrend - Instantaneous Trendline by J.Ehlers
// MA_Method=13: Median - Moving Median
// MA_Method=14: GeoMean - Geometric Mean
// MA_Method=15: REMA - Regularized EMA by Chris Satchwell
// MA_Method=16: ILRS - Integral of Linear Regression Slope
// MA_Method=17: IE/2 - Combination of LSMA and ILRS
// MA_Method=18: TriMAgen - Triangular Moving Average generalized by J.Ehlers
// MA_Method=19: VWMA - Volume Weighted Moving Average
// MA_Method=20: JSmooth - Smoothing by Mark Jurik
// MA_Method=21: SMA_eq - Simplified SMA
// MA_Method=22: ALMA - Arnaud Legoux Moving Average
// MA_Method=23: TEMA - Triple Exponential Moving Average by Patrick Mulloy
// MA_Method=24: T3 - T3 by T.Tillson (correct version)
// MA_Method=25: Laguerre - Laguerre filter by J.Ehlers
// MA_Method=26: MD - McGinley Dynamic

// List of Prices:
// Price = 0 - Close
// Price = 1 - Open
// Price = 2 - High
// Price = 3 - Low
// Price = 4 - Median Price = (High+Low)/2
// Price = 5 - Typical Price = (High+Low+Close)/3
// Price = 6 - Weighted Close = (High+Low+Close*2)/4
// Price = 7 - Heiken Ashi Close
// Price = 8 - Heiken Ashi Open
// Price = 9 - Heiken Ashi High
// Price =10 - Heiken Ashi Low

Have fun

Clive

your thread your system your baby lol

i think the testing is all down to you lol

crack on old boy

good work godsclown

Just a little cosmetics: Now you can see the chosen settings, for example 120 HMA and 100 JMA.
And I fixed a positions bug.

Just an idea of mine: It is possible to atomaticly change the background color of a chart witch went over the set TTindy alarm value.
What do you think of it?

Hi Godsclown

The main 8 pairs that move and show most on TT are gbpaud, gbpjpy, gbpnzd and gbpcad with their eur equivalents. Would it be possible, from the original (none cpu intensive) TT indi to give an alert when:

- 2 correlated pairs pop up eg gbpaud + euraud, gbpnzd + eurnzd, gbpjpy + eurjpy or gbpcad and eurcad or,
- when (adjustable setting) say 3 pairs featuring a currency pop up say gbp, eur, aud etc etc so we would know if there is strength/weakness across the board

Thanks in advance if you can otherwise no problem.

Thanks for the indi. And thank you for your time invested!

jason

Sorry, both not possible. It would just be far too much work to get it done.

Another idea: Automatacly open of charts which are over TTindy alarm value. So we have on screen just what is good trending.

Hi GodsClown,
as I have no idea about coding, I don t know if this is a Clowns joke or serious but....

imagine what you could do if that is possible: Get rid of all other MA in the new version, put in the fast n smooth
(your version of course) and let those pair charts pop up which have an alarm like this:

M1 fastMA 100 price 3 changes direction and bit later M5 "joins in this alarm" when fastMA 25 price 3 changes
direction...... Chart pop up .

M1 four times higher (100) than M5 (25) because that way we are early in with small SL and "late" enough to eliminate many false signals from the M1 100 alone.

What you think?

Please don`t get me wrong, but as in every strategy there is a time to come to the point and stop messing around and hit it. Months and months of dancing around the beautiful girl without picking her up is useless. LOL, you know what I mean.

To many kinds of MA just confuse, eating up cpu and brains, to many signal searching is overanalysing...

Clives strategy is on of the clearest in FF... Catch the move in m1 ride abcd patterns with low SL/Risk and let it run.
Thats it. Trade what you see and not what you think has the most/highest meaning in M1 because this timeframe is a world of its own....
Now we got way better MA WITH ALARMS, damned and such a great thing like TTindi... what the heck are we waiting for?
We cannot change what those bastards are doing with their millions to catch our stops and hit us in the fase with every move they start, but we can learn to trade every signal we see, and in the end.... substract the losers from the winners and count how much we made at the end of day.

What I try to say is.....we are used to overcomplicate everything, especially money/trading.
Imagine you ride the colorchanges of fast-n-smooth-ma ALONE without signals from cci, fibs, stoch and what not.....
You would catch some losers, but you would catch the big, big moves too.

Sounds all great, right.... I am the same.... over and over and overanalyse, looking desperatly for 100% signals and then.... move is gone....I am sick of it man.

So please let me know, can you make tt indy that way working?

Morning guys. With the talk of using higher timeframes i looked through my charts on M15 when i sat down this morning and thought GA was setting up nicely. Entry on M1 when fresh MA colour change and pull back. All values were low on TT (a bit of CAD weakness but highest value 17). Exit not so good. My TP was only just below the low.

My second trade (and last) of today. After entry i was concerned i had got in late in the move. Not sure if i should leave these alone in the future.

You had a successful trade so your risk for the day was minimal. GBP 3 of top 8 with gbpaud and euraud 1 and 2 (so gbp weakness not against 1 pair and aud strength same i.e. broader strength/weakness), making lh/ll's still, run down was not that large. Looked good to me.

Thanks Mr V. Its good to hear your view. (it was gbpcad GC and EC 3 and 5 on TT so hopefully the same applies).

Same would apply if you thought their abc's looked better. But with all looking good you traded the top pair on TT.

Ok guys, what do you think about this:
You have open EURAUD, GBPAUD, UDSCAD, EURUSD, GBPNZD, EURJPY, EURJPY.

Case 1: TTindy alerts you that EURJPY went over the alarm value.
Result: The backgroundcolor of every chart with symbol EURJPY goes automaticly green/red.

Case 2: TTindy alerts you that USDAUD (which you have not open) went over the alarm value.
Result: USDAUD chart automaticly opens with alert timeframe, specific template and backgrond color change to green/red.

Tell me your thoughts.

Dear GodsClown
You realy know a person (genius) who can programme
this piece of art you just described ?
Something like the 3 attached pictures?
My deepest respects
Dan