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Trading is as simple as ABCD

  • #4,321
  • Mar 10, 2015 2:10am Mar 10, 2015 2:10am
Quoting badan
{quote} usdcad +20 GBPJPY +29 GBPAUD ON positive {image} {image} {image}
Nice trading badan...

The new indy is the cycle identifier which is cool as all we do is buy wave/cycle bottoms in an uptrend and sell wave/cycle tops in a downtrend.. Notice how the CCI mimics your cycle indy or vice versa so whatever helps you identify these tops and bottoms of the waves is fine with me..

I'm looking into the 120FSMA as identifying the waves of the 5 min chart on our 1 minute chart but higher CCI periods would have the same effect..If we can identify the higher timeframe waves on our 1 min then we're laughing all the way to the bank..

Keep it going..
Feel the Fear and do it anyway!!!
  • #4,322
  • Mar 10, 2015 3:23am Mar 10, 2015 3:23am
CHYJPY top trender so a quick one hereto start the day hopefully...
Attached Image (click to enlarge)
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Feel the Fear and do it anyway!!!
  • #4,323
  • Mar 10, 2015 6:05am Mar 10, 2015 6:05am
Quoting GodsClown
{quote} It is just zigzag fibo with price on fibo levels, if I see correct. So you just want the fibo levels with price text?
==========

No, I just wanted you to see what Goen had achieved. Whether you can use it, is up to you. I like the price extension, but that is a personal thing.
Hercs
  • #4,324
  • Mar 10, 2015 6:31am Mar 10, 2015 6:31am
Quoting Hercs
{quote} ========== No, I just wanted you to see what Goen had achieved. Whether you can use it, is up to you. I like the price extension, but that is a personal thing.
Still don't know what you want. Look Fibo with prices.
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  • #4,325
  • Mar 10, 2015 8:18am Mar 10, 2015 8:18am
Quoting clivepackham
{quote} Hi Henry Gotta say that looks like a great entry break and retest of weekly pivot/yesterdays low and previous resistance so a great entry and possible trade... If I was super critical then maybe you had the daily pivot right below you which proved to be the turning point of the session so a bit unlucky there.... but hey they don't always workout and nothing is gauranteed I'm afraid... I appreciate your honesty in that you post your losing trades but aren't you having any winners to go alongside these losers??? you should be as you're hitting...
Thanks Clive, I had some winners. But I find it is indeed difficult to trade at NY session. Typically there are three cases.

1. a good trend up or down formed in London session, we can trade trend continuation but it has gone a lot there is not much room for daily range.
2. a good trend up or down formed in London session, we can trade trend reversal from 1min trade, it typically means it is against 5 min trend. meaning 1min and 5min top trenders do not agree. let us say 1 green and 1 red. Seems you mentioned you like this kind trade. but I am still study how to trade this setup.
3. it is ranging in London session. There is a good chance it will continue ranging. I have been watching and noticed typically 2 days out of a week could be just ranging. the pairs do not move much during first 3 hours in NY session. The issue you do not know if it is ranging or not beforehand. So it could be a case TTindy has more than 30 reading and you get in then it is ranging again.

I would hear more about your view on this. If you can share you trade result during NY session, it would be great.
  • #4,326
  • Mar 10, 2015 8:55am Mar 10, 2015 8:55am
Quoting clivepackham
{quote} Nice trading badan... The new indy is the cycle identifier which is cool as all we do is buy wave/cycle bottoms in an uptrend and sell wave/cycle tops in a downtrend.. Notice how the CCI mimics your cycle indy or vice versa so whatever helps you identify these tops and bottoms of the waves is fine with me.. I'm looking into the 120FSMA as identifying the waves of the 5 min chart on our 1 minute chart but higher CCI periods would have the same effect..If we can identify the higher timeframe waves on...
Hi Clive.
Been out of circulation somewhat but back in town.
Pray tell......NEW INDY? Please enlighten the uninformed. Looking at some of the charts, seems we have some serious trading going on!!
Rgds
Pieter
  • #4,327
  • Mar 10, 2015 9:27am Mar 10, 2015 9:27am
Quoting Pipglutton
{quote} Hi Clive. Been out of circulation somewhat but back in town. Pray tell......NEW INDY? Please enlighten the uninformed. Looking at some of the charts, seems we have some serious trading going on!! Rgds Pieter
Hi Pipglutton

Thats not a new indicator from me thats one that Badan is using, I was just commenting that as long as it indicates the waves tops and bottoms then its fine by me...I'm more than happy my CCI does a similar function.

Only new one that I have been looking into is a Fast Smooth Moving Average introduced by Wolfgang which we refer to as the FSMA set to 120 seems quite useful but just trying it out , the 100lwma is still used on TTindy ..but been tinkering with the alert feature on fsma indy...alerts me of a slope change then look to take first cci signal in direction of new trend. Just trying to get in a bit earlier than the TTindy does..

All the best Clive..
Feel the Fear and do it anyway!!!
  • #4,328
  • Mar 10, 2015 9:41am Mar 10, 2015 9:41am
Quoting henryloving
{quote} Thanks Clive, I had some winners. But I find it is indeed difficult to trade at NY session. Typically there are three cases. 1. a good trend up or down formed in London session, we can trade trend continuation but it has gone a lot there is not much room for daily range. 2. a good trend up or down formed in London session, we can trade trend reversal from 1min trade, it typically means it is against 5 min trend. meaning 1min and 5min top trenders do not agree. let us say 1 green and 1 red. Seems you mentioned you like this kind trade. but...

Yes hear what you're saying about the TTindy notifying us a bit late, its a common criticism I hear about it and not without justification either.. I think the problem is it signals when the move has started fairly well but then continues to signal when the trends been going for quite a while and close to faltering or even worst reversing..

This is why I say you can't just assume its a trade setup just because its top of the TTindy, you still have to open up the chart and analyse where the trend is and whether it is going to continue or reverse... I like to see a strong AB move having taken out last low or high then wait for next CCI signal pulling back to support or resistance level. One of our key levels if possible..

The idea is to sell the peaks (wave tops) in a down trend and to buy the dips (wave bottoms) in an uptrend. The CCI going overbought/oversold signifies these tops and bottoms...

One thing I'm working on is to catch the moves a little earlier by using the 120fsma to signal a reversal then take the next cci signals back with the trend. Maybe using both MAs together would help us identify some good setups as its strong movers that reverse giving us some very good trades...

Like this GBPCAD one I've just taken..
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Feel the Fear and do it anyway!!!
  • #4,329
  • Mar 10, 2015 9:56am Mar 10, 2015 9:56am
Quoting henryloving
{quote} Thanks Clive, I had some winners. But I find it is indeed difficult to trade at NY session. Typically there are three cases. 1. a good trend up or down formed in London session, we can trade trend continuation but it has gone a lot there is not much room for daily range. 2. a good trend up or down formed in London session, we can trade trend reversal from 1min trade, it typically means it is against 5 min trend. meaning 1min and 5min top trenders do not agree. let us say 1 green and 1 red. Seems you mentioned you like this kind trade. but...

Some interesting observations there Henry regards the LO and NYO. I think the way forward may be to use the 120FSMA method with an eye on the 5 min TTindy, which will then setup well in both conditions eg rangy days and trending days, we of course never know whats in front of us do we??? But if you take an entry off of the 120 FSMA nice an early in the trend then if that pair appears on the 5 min TTindy we should hold it at least until the 120FSMA swings back the other way.

We could possibly then trade the next turn on the 120FSMA backwith the trend so catching the ABCD move from the timeframe above, might give us a target too from the AB move...of course easy to say here but hard to do in practice without being shaken out of a good trade...

Just some thoughts....
Feel the Fear and do it anyway!!!
  • #4,330
  • Mar 10, 2015 10:04am Mar 10, 2015 10:04am
Took 32.7pips out of that GBPCAD move down but should I be buying it now if this cross of the 120FSMA continues on first pullback??
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Feel the Fear and do it anyway!!!
  • #4,331
  • Mar 10, 2015 10:39am Mar 10, 2015 10:39am
Theres some good opportunities with this 120fsma but they have to be early either the first or first 2 CCI signals only. I took alate one here and paid the price of 10 pips, its all about the first two CCI signals and no more....

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Heres another example on GBPAUD...first 2 only...

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Last one for now GBPCHF..

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Could work well in conjunction with TTindy if 120fsma turns back with the 5min Top trender...
Feel the Fear and do it anyway!!!
  • #4,332
  • Mar 10, 2015 1:02pm Mar 10, 2015 1:02pm
Or you could have both MAs in TTindy at onces.
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  • #4,333
  • Mar 10, 2015 1:34pm Mar 10, 2015 1:34pm
Nice threat i've seen / talked to many guys using the ABCD pattern just called diferent ways.

Sobre use fibo expansion to calculate the target, I believe the EWF graphs have a lot to do with this ABCD pattern but they look for diferent things to get the trend but they use RSI and StochRSI to confirm.

From what i saw you use more 1M and 5M charts, have you tryed longer periods? or you choise this one because it gives you better W/L %?
  • #4,334
  • Mar 10, 2015 1:35pm Mar 10, 2015 1:35pm
Hi guys i'm looking at this method for few weeks and now i've a question cause a thing is not clear to me.
When TTindy said that one pair is trending a lot(ex in 1 min 50+) it's not too late for enter with a position? there isn't the risk of the TTindy indicate an exhaust trend?
Sorry for my bad english and for the questions
  • #4,335
  • Mar 10, 2015 2:17pm Mar 10, 2015 2:17pm
Godsclown..im sorry.if i.posted.too.quickly...

i love the allmacd v 2.1 indicator.you have in your chart

Have you.posted it ?
  • #4,336
  • Mar 10, 2015 2:21pm Mar 10, 2015 2:21pm
Quoting MetroFX
Nice threat i've seen / talked to many guys using the ABCD pattern just called diferent ways. Sobre use fibo expansion to calculate the target, I believe the EWF graphs have a lot to do with this ABCD pattern but they look for diferent things to get the trend but they use RSI and StochRSI to confirm. From what i saw you use more 1M and 5M charts, have you tryed longer periods? or you choise this one because it gives you better W/L %?
metrofx this.is basically clives system...if you read.back the pages you.can see the method he uses.all the bells.whistles tweaks etc are all a spin off from the core method.clive likea to trade the m1 chart...it has been suggested about trading exactly the same.methid but higher timeframe....again clives prefered.methid....but im.sure if you wanted to trade higher time frame. Eg h1 and confirm with m15 and enter m1 for example it.would work.
  • #4,337
  • Mar 10, 2015 7:56pm Mar 10, 2015 7:56pm
Quoting simitch
Hi guys i'm looking at this method for few weeks and now i've a question cause a thing is not clear to me. When TTindy said that one pair is trending a lot(ex in 1 min 50+) it's not too late for enter with a position? there isn't the risk of the TTindy indicate an exhaust trend? Sorry for my bad english and for the questions
Hi Simitch

Please don't apologise for your English its 100 times better than my Italian I can assure you..

Yes you are right just because the TTindy says +50 it doesn't mean you can trade it, the trend could very easily be at exhaustion and about to reverse. You need to check the chart and get confirmation the trend is still going strongly, best measure of that is that the last push down or up took out the previous push down or up. In other words did the last low get clearly broken or the last high get clearly broken???


If so trade the next pullback to support or resistance...

On the other hand, a sign of the trend failing is failed drives, when price can't break last high or low.
Feel the Fear and do it anyway!!!
  • #4,338
  • Mar 10, 2015 10:07pm Mar 10, 2015 10:07pm
Quoting badan
{quote} usdcad +20 GBPJPY +29 GBPAUD ON positive {image} {image} {image}
NZDCAD sell
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  • #4,339
  • Edited 3:06am Mar 11, 2015 2:55am | Edited 3:06am
Thought I'd post this on one I didn't take.

At the time gbpaud was top of TT and we had a clean AB move up and small BC retrace compared to the AB, all things I like to see, but little else. There wasn't much in the way of confirmation on other gbp pairs that it was strong and not a lot else suggesting aud was weak. Of course one pair has to be the first to move and on another day this could have gone up, but also on another day there'd be better confirmation (euraud also going up or other gbp pairs above their ma's etc).

The euraud chart attached for the position at the same time. Perhaps it was the market waiting for Draghi to speak. Anyway other gbp pairs charts were just as messy for a move up.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURAUDM1.png Size: 43 KB
  • #4,340
  • Mar 11, 2015 4:39am Mar 11, 2015 4:39am
EUR weak and first CCI signal after colour change of FSMA so took a quick 23.3 pips here first trade of the day....EURAUD looks good but had work stuff to doearlier .

I'm gonna just have some charts open and wait for FSMA alerts today see how it goes...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCADM1.png Size: 49 KB
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Feel the Fear and do it anyway!!!
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