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  • #4,521
  • Mar 20, 2015 8:23am Mar 20, 2015 8:23am
Quoting henryloving
I was watching GU yesterday NY session. a bit tempted but hesitated to get in this trade because I am not sure if the pullback is too deep. would like to hear advices from Clive, Vantage, Dee50 and others {image}
Some of the deep retrace trades will work, some won't, as Clive mentioned the move up had nice HH HL's to show a short term move up.

I might take such a trade as a 2b move if I was convinced of it reverting to trend (higher TF analysis). Other than that if any doubt rather wait a few candles for the LH that you expect to follow. As least then you can hope that the move up is a fake and you are then in agreement with system rules which you know work.
  • #4,522
  • Edited 3:32am Mar 23, 2015 3:20am | Edited 3:32am
Its the first anniversary of my Fathers death today, he died just one year ago today, seems a lot longer than that.....


William Packham

13th July ‘24 – 23rd March ‘14



If you think you are beaten, you are

If you think you dare not, you don’t

If you like to win, but think you can’t

It’s almost certain you won’t.


If you think you’ll lose, you’ve lost

For out of this world we find

Success begins with a person’s will

It’s all in the state of mind.


If you think you’re outclassed, you are

You’ve got to think high to rise

You’ve got to be sure of yourself before

You can ever win a prize.


The battles don’t always go

To the stronger or faster man

But sooner or later the man who wins

Is the one who thinks he can.


Miss you everyday Dad. xxx
Feel the Fear and do it anyway!!!
  • #4,523
  • Mar 23, 2015 4:13am Mar 23, 2015 4:13am
Bit late to the ball here but GBP weak USD strong and GBPUSD is trending down strongly on the Daily chart so who knows??? Best entry was about 4 hours ago with the LH turn down on the 120FSMA , but I was still in bed...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm1.png Size: 66 KB
Feel the Fear and do it anyway!!!
  • #4,524
  • Mar 23, 2015 7:16am Mar 23, 2015 7:16am
Quoting clivepackham
Its the first anniversary of my Fathers death today, he died just one year ago today, seems a lot longer than that..... William Packham 13th July 24 23rd March 14 If you think you are beaten, you are If you think you dare not, you dont If you like to win, but think you cant Its almost certain you wont. If you think youll lose, youve lost For out of this world we find Success begins with a persons will Its all in the state of mind. If you think youre outclassed, you are Youve got to think high to rise Youve got to be sure of yourself...
Keep it going, Clive. Your father will be proud of you. The words inspires and encourages me. Thanks for sharing.
  • #4,525
  • Mar 23, 2015 7:42am Mar 23, 2015 7:42am
Clive,

Thanks for deciding to help others as a way to honor your father. This thread has benefited a lot of people. I will be "lifting" you and your family up during this anniversary time. Can't imagine it is easy.

Thank you again,

Jason
  • #4,526
  • Edited 8:07am Mar 23, 2015 7:55am | Edited 8:07am
entered GU, break daily pivot and re-test.

Attached Image (click to enlarge)
Click to Enlarge Name: GU-3-23-NY-allview.PNG Size: 194 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GU-3-23-NY.PNG Size: 74 KB


update: it was a quick loss. had no idea why it went up so strong. There was no news. wondering if I missed anything or just bad luck. Welcome comments from Vantage, Clive, Dee50, Divergence or others

Attached Image (click to enlarge)
Click to Enlarge Name: GU-3-23-NY-lost.PNG Size: 75 KB
  • #4,527
  • Mar 23, 2015 8:02am Mar 23, 2015 8:02am
Quoting henryloving
{quote} Keep it going, Clive. Your father will be proud of you. The words inspires and encourages me. Thanks for sharing.
deepest sympathy on this difficult anniversary... positive thoughts and prayers Thanks for all you do and sharing the inspiring words
  • #4,528
  • Mar 23, 2015 8:20am Mar 23, 2015 8:20am
Quoting henryloving
Welcome comments from Vantage, Clive, Dee50, Divergence or others {image}
Admittedly, I have not been the most successful trader. This is just an observation. Your short was to late. Based on Clive's rules, your entry was a couple of points below the pinbar that formed off of the 100LWMA. At that spot, your CCI was in position (>100) showing the top of cycle, Then it fell beow the 100 on the next candle, this was the first retest of the LWMA after it broke below it, and the candlestick confirmed that the bulls were trying to exert their might. FWIW.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #4,529
  • Mar 23, 2015 8:22am Mar 23, 2015 8:22am
Quoting Vantage
{quote} Some of the deep retrace trades will work, some won't, as Clive mentioned the move up had nice HH HL's to show a short term move up. I might take such a trade as a 2b move if I was convinced of it reverting to trend (higher TF analysis). Other than that if any doubt rather wait a few candles for the LH that you expect to follow. As least then you can hope that the move up is a fake and you are then in agreement with system rules which you know work.
Thanks Vantage, I still have difficulties to understand you.

do you mean 2b move which revert back to high timeframe trend? or wait for a while when it form lh,ll or hl,hh to revert back to the direction you expected in same time frame

Sorry I may ask a lot more but if possible, can you kindly provide a chart please?
  • #4,530
  • Mar 23, 2015 8:26am Mar 23, 2015 8:26am
Quoting capstone
{quote} Admittedly, I have not been the most successful trader. This is just an observation. Your short was to late. Based on Clive's rules, your entry was a couple of points below the pinbar that formed off of the 100LWMA. At that spot, your CCI was in position (>100) showing the top of cycle, Then it fell beow the 100 on the next candle, this was the first retest of the LWMA after it broke below it, and the candlestick confirmed that the bulls were trying to exert their might. FWIW.
I did not enter at the candle which test 100ma and bounce down because TTindy was not greater than 30.

The entry I took broke daily pivot and retest, there is a small pullback and CCI turned green to red. should comply with the rules.
  • #4,531
  • Mar 23, 2015 11:51am Mar 23, 2015 11:51am
Quoting henryloving
{quote} I did not enter at the candle which test 100ma and bounce down because TTindy was not greater than 30. The entry I took broke daily pivot and retest, there is a small pullback and CCI turned green to red. should comply with the rules.
Just had a very quick look Henry But I think you're not waiting for the CCI to go over +100 and when it then turns back down that is your signal candle as long as same colour as trend, eg red in this case, then place a pending order 2 pips under that candle.

This would of kept you out of that loser and the next 2 signal candles pending orders wouldn't of got hit either so this pullback would of passed without loss...as it pulled back too far.

Will try to post a chart later, but might I also suggest you check my post about entering , I've changed it a bit by going 2 pips above/below signal candle...

I think you're just anticipating a touch early and the markets teaching you a hard earned lesson.....

catch you later Henry
Feel the Fear and do it anyway!!!
  • #4,532
  • Mar 23, 2015 2:44pm Mar 23, 2015 2:44pm
Quoting clivepackham
Its the first anniversary of my Fathers death today, he died just one year ago today, seems a lot longer than that..... William Packham 13th July ‘24 – 23rd March ‘14 If you think you are beaten, you are If you think you dare not, you don’t If you like to win, but think you can’t It’s almost certain you won’t. If you think you’ll lose, you’ve lost For out of this world we find Success begins with a person’s will It’s all in the state of mind. If you think you’re outclassed, you are You’ve got to think high to rise You’ve got to be sure of yourself...
May his soul rest in peace, and may God continue to comfort you, and grant you the fortitude to press on the battle.

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #4,533
  • Mar 23, 2015 3:45pm Mar 23, 2015 3:45pm
Quoting 919gilead
{quote} May his soul rest in peace, and may God continue to comfort you, and grant you the fortitude to press on the battle. Shalom

Thanks George and all the others for their kind words, I appreciate it....

Hows your trading going George?? Are you trading full time yet??
Feel the Fear and do it anyway!!!
  • #4,534
  • Mar 23, 2015 4:00pm Mar 23, 2015 4:00pm
Quoting clivepackham
{quote} Thanks George and all the others for their kind words, I appreciate it.... Hows your trading going George?? Are you trading full time yet??
You're welcome Clive. Not trading fulltime yet and still locked in this 9 - 5 job. The comfort and security of the pay is what is keeping me here but working seriously on biting the bullet soon.

Got the message alert while having lunch and quickly signed in to respond; back to work now.

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #4,535
  • Mar 23, 2015 4:19pm Mar 23, 2015 4:19pm
Anyone got there eyes on GBPNZD ???
  • #4,536
  • Mar 24, 2015 6:54am Mar 24, 2015 6:54am
Hello trend traders,

I have been reading this thread for roughly a month now, and have had some success with it (I am not yet consistent enough, but will continue to work on it). In order to show my thanks for this thread, allow me to contribute something.

I am not yet a successful trader, but I am a half decent programmer, and I am currently using MT5 as my platform, so I have created the indicators which are necessary in order to use this strategy on MT5. In case there is anyone reading this thread, who wants to try this strategy on MT5, here are the main indicators to allow you to do so.

I can't guarantee that the coding is exactly the same as the originals, but they seem to do a very similar job.

Note that I did some things differently to the MT4 versions. The TTIndy only creates one box, for one time frame. However, you can put as many TTIndys on a chart as you want. Simply change the input coordinates for any additional ones you use, so they don't end up on top of each other. There are other small changes as well. Hopefully it's all pretty straight forward, and will work without issue, but let me know if there are any problems.

To complete, the set, here is a pivot point indicator, not by me, which seems to work quite well.
https://www.mql5.com/en/code/102

Here is a screenshot to give you an idea of what you can create using the indicators.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 67 KB
Attached File(s)
File Type: mq5 TTIndy.mq5   11 KB | 329 downloads
File Type: mq5 Currency_Strength_Meter.mq5   11 KB | 278 downloads
File Type: mq5 CCI_Histogram_Colour.mq5   3 KB | 274 downloads
File Type: mq5 MA_Colour.mq5   3 KB | 274 downloads
File Type: mq5 ADR.mq5   5 KB | 296 downloads
File Type: mq5 BRN_Levels.mq5   4 KB | 263 downloads
File Type: mq5 Yesterday_HLC.mq5   3 KB | 274 downloads
  • #4,537
  • Edited 8:47am Mar 24, 2015 8:14am | Edited 8:47am
Quoting katkTrader
Hello trend traders, I have been reading this thread for roughly a month now, and have had some success with it (I am not yet consistent enough, but will continue to work on it). In order to show my thanks for this thread, allow me to contribute something. I am not yet a successful trader, but I am a half decent programmer, and I am currently using MT5 as my platform, so I have created the indicators which are necessary in order to use this strategy on MT5. In case there is anyone reading this thread, who wants to try this strategy on MT5, here...
Welcome the programmer on board! nice chart and nice indicator!

I am suffering the slow responsiveness because intensive CPU usage on MT4 platform. Maybe my PC is too old. will give it a try on MT5. Thanks for your great work in advance

Can you post a template please? and also can you code the indicator to show trading hour?
  • #4,538
  • Mar 24, 2015 8:24am Mar 24, 2015 8:24am
Quoting clivepackham
{quote} Just had a very quick look Henry But I think you're not waiting for the CCI to go over +100 and when it then turns back down that is your signal candle as long as same colour as trend, eg red in this case, then place a pending order 2 pips under that candle. This would of kept you out of that loser and the next 2 signal candles pending orders wouldn't of got hit either so this pullback would of passed without loss...as it pulled back too far. Will try to post a chart later, but might I also suggest you check my post about entering , I've...

got it, I has not seriously wait CCI to go over 100 level and use pending order. will have a back test and see if it could add the edge to my trade.
  • #4,539
  • Edited 9:44am Mar 24, 2015 9:28am | Edited 9:44am
Quoting henryloving
{quote} Welcome the programmer on board! nice chart and nice indicator! I am suffering the slow responsiveness because intensive CPU usage on MT4 platform. Maybe my PC is too old. will give it a try on MT5. Thanks for your great work in advance Can you post a template please? and also can you code the indicator to show trading hour?
I've not tried using others templates before, so I don't know if it requires the indicators, or where it requires them to be saved. However, here is the template file: let's hope it works!
Attached File(s)
File Type: tpl ABCD_example.tpl   65 KB | 276 downloads


Edit: in fact, that template uses "my" version of the pivot point indicator, which is a very slightly modified version of the one I linked before. Here it is just in case:
Attached File(s)
File Type: mq5 Pivot_Points.mq5   14 KB | 230 downloads


I'm not 100% sure what you mean by trading hour. Do you mean server time? or your local time? Market watch shows the server time, but, as it happens, I don't like to keep market watch open as I trade, so I made an indicator to show the server time. Here it is.
Attached File(s)
File Type: mq5 Server_Time.mq5   3 KB | 248 downloads


Speaking of market watch: I forgot to mention that my MT5 versions of the TTIndy and Currency Strength Meter work with the currencies currently in Market Watch. If you want to watch "the 28" currencies - the majors, minors, crosses - then put all 28 currencies in the market watch. Alternatively, you can choose your own set of currencies to watch. Take into account the effect this will have on the Currency Strength Meter, though. If you only have one pair with EUR in it in your Market Watch, then the currency strength value will be based only on that one pair.
  • #4,540
  • Mar 24, 2015 9:45am Mar 24, 2015 9:45am
Quoting katkTrader
Hello trend traders, I have been reading this thread for roughly a month now, and have had some success with it (I am not yet consistent enough, but will continue to work on it). In order to show my thanks for this thread, allow me to contribute something.
Welcome on board
Low Risk Low Stress High Reward High Probability Trades
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