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Trading is as simple as ABCD

  • #4,621
  • Mar 29, 2015 3:43pm Mar 29, 2015 3:43pm
EURUSD Hourly signal right?
Time to go to sleep for me though...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h.PNG Size: 66 KB
  • #4,622
  • Mar 29, 2015 3:45pm Mar 29, 2015 3:45pm
Quoting cuchuflito
Signal 5 , now this is a contentious signal to take. We could take the view its a double bottom or rather a triple bottom where theres been support previously and therefore tradable or we could say its got a failed drive in front of it and its slightly lower than the previous signal 4. Its also dropped below the 100lwma... All in all I'd say its not a good signal its also the 5th signal so again should we even be considering it??? However it works and works rather well too BUT THAT DOESN'T MAKE IT A GOOD SIGNAL, in fact ITS THE EXCEPTION THAT PROVES...

Well it wasn't really the whole system. I was just trying to describe how I reference from one CCI signal to the next, I'm constantly using market structure to decide which CCI signals to trade. I'm swing trading the 1 minute chart or you could call it "wave " trading the 1 minute chart. If you look at 1 minute charts in times of high volatility you will see almost perfect market structure. Wave after wave depicted by the CCI , which are extremely tradable....

I'm concentrating more and more on these overbought or sold CCI signals as they are extremely reliable under the right trading conditions. I think we need to just qualify which ones to take. Break and retest of key levels are obviously good ones to trade and buying dips in a strong uptrend or selling peaks in strong down trends.

But I'm also looking to trade a few at higher timeframe levels like yesterdays high, low or close price.

Double tops in downtrends, Double bottoms in uptrends. These are all quality places to trade the 1 minute CCI signals. They are also very low risk entries where we can use very small stops with a high potential return, especially when trading with a strong trend....

I love my TTindy but sometimes its calling us to a chart that is in its last throes of the trend as several good signals have already past and not much rich pickings are left in the move, so I'm constantly looking for other low risk places to enter using my CCI entry system above...

I'll tell you why I prefer the CCI to other similar momentum indicators too, it has no upper limit to how oversold or bought it gets, it just keeps piling upwards or downwards so when it starts to turn its generally speaking a very good indication of a reversal. UNDER THE RIGHT MARKET CONDITIONS...

Going forward I'm really concentrating on these overbought/sold CCI signals and how best to qualify which ones to trade. Thats key for me as price can only go up or down, all we have to decide is which CCI signals are worth trading. I promise you its not much harder than that...

Have a look at this chart of GBPCAD below once the 100lwma turns green just after the NYO it signals 10 out of 10 winning CCI signals in a row....

Attached Image (click to enlarge)
Click to Enlarge Name: 10 out of 10 winners.png Size: 85 KB


Now I'm not saying trade all these signals as I'm a firm believer in just taking the earlier ones in the move , but all you gotta do is identify the ones you want to trade and identify the conditions that prevail at that time....Then just rinse and repeat all the way to the bank....

Its really not that complicated guys just study CCI signals and buy the oversold ones in uptrends and sell the overbought ones in down trends....
Feel the Fear and do it anyway!!!
  • #4,623
  • Mar 29, 2015 4:21pm Mar 29, 2015 4:21pm
Quoting cuchuflito
EURUSD Hourly signal right? Time to go to sleep for me though... {image}

That certainly is one awesome signal on the hourly as its the first LH after the first LL for a while so an obvious reversal signal....

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 76 KB


And when you consider the daily chart with its CSM showing EUR bottom and USD 2nd to top, you'd have to say its well worth looking into once the markets open up properly, I'll be looking for that first 1 min 100lwma to turn down and take the first couple of sell CCI signals......

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 69 KB


lets see how it pans out today.....
Feel the Fear and do it anyway!!!
  • #4,624
  • Mar 29, 2015 4:34pm Mar 29, 2015 4:34pm
Just a quick post to say I've added the hourly chart to the above post on EURUSD sell set up...

If this works out tomorrow I might start developing a longer term trading plan allah the "Equity millipede thread" but using the 1 minute for entry to get the legs established. How awesome would that be....
Feel the Fear and do it anyway!!!
  • #4,625
  • Mar 29, 2015 4:46pm Mar 29, 2015 4:46pm
Quoting clivepackham
Just a quick post to say I've added the hourly chart to the above post on EURUSD sell set up... If this works out tomorrow I might start developing a longer term trading plan allah the "Equity millipede thread" but using the 1 minute for entry to get the legs established. How awesome would that be....
keep us up to date captain
  • #4,626
  • Mar 29, 2015 6:51pm Mar 29, 2015 6:51pm
First two legs on and at BE so lets see if they stick...
Attached Image (click to enlarge)
Click to Enlarge Name: first two legs on and at BE.png Size: 57 KB
Feel the Fear and do it anyway!!!
  • #4,627
  • Mar 29, 2015 7:09pm Mar 29, 2015 7:09pm
Unfortunately one trade got knocked off at BE but the others now going nicely and will look to add another on next CCI sell signal to try and get 2 to stick as per plan...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 56 KB
Feel the Fear and do it anyway!!!
  • #4,628
  • Mar 29, 2015 9:33pm Mar 29, 2015 9:33pm
Quoting devontrader
{quote} keep us up to date captain
please do keep us up to date. great stuff Clive.
  • #4,629
  • Mar 30, 2015 1:55am Mar 30, 2015 1:55am
Here is my version of the TTindy with color change on top pairs and alert funktion for CCi value.

Not fully testet, so no garantee if working correctly. I post just the .ex4 file for the moment because there are still a few alerts at compiling.
But I would like to hear some feedback from you at testing to get rid of bugs.
Inserted Code
extern bool   ShowIndicator         = true;
extern string note1                 = "change color/symbol for top?";
extern bool   ChangeColor           = false;
extern bool   ChangeChartSymbol     = false;
extern int    topPairs              = 8;
extern color  ForG_Color            = WhiteSmoke;
//extern color  BackG_Color           = C'15,7,0';
extern color  Bull_Color            = Lime;
extern color  Bear_Color            = Red;
//extern bool   SendeMail             = false;
extern string note2                 = "MA tf1 settings";
extern int    tf1                   = 1;
extern int    tf1malength           = 100;
extern int    tf1matype             = 3;
extern int    tf1maprice            = 0;
extern int    tf1lookback           = 15;
extern string note3                 = "MA tf2 settings";
extern int    tf2                   = 5;
extern int    tf2malength           = 100;
extern int    tf2matype             = 3;
extern int    tf2maprice            = 0;
extern int    tf2lookback           = 12;
extern string note4                 = "CCi settings";
extern bool   CCi_Alert             = false;
extern int    CCi_Period_tf1        = 14;
//extern int    CCi_Period_tf2        = 14;
extern int    CCi_Level             = 100;
//extern bool   AlertMessage          = false;
//extern bool   SoundOn               = false;
//extern string soundfile_tf1         = "alert.wav";
//extern string soundfile_tf2         = "alert2.wav";
extern bool   OpenNewChart          = false;
extern string note5                 = "Other settings";
extern int    xgap                  = 100;
extern int    ygap                  = 20;
extern int    x                     = 5;
extern int    y                     = 20;
extern int    corner                = 4;
extern int    fontsize              = 8;
extern string prefix                = "";
extern string suffix                = "";
Attached File(s)
File Type: ex4 #top 8 trenders all brokers - AllAverages_CCi-Alert.ex4   46 KB | 271 downloads
  • #4,630
  • Mar 30, 2015 3:02am Mar 30, 2015 3:02am
First position is still going strong and had a loser trying to establish my 2nd leg but that was down to too late an entry and not moving to BE soon enough but gotta expect that when building longer term holds....

I'm hoping the "The Good Old London Boys" have banked their quarterly bonuses by now and normal service will be resumed and the EUR weakness will continue for the next quarter...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 63 KB
Feel the Fear and do it anyway!!!
  • #4,631
  • Mar 30, 2015 3:05am Mar 30, 2015 3:05am
Quoting GodsClown
Here is my version of the TTindy with color change on top pairs and alert funktion for CCi value. Not fully testet, so no garantee if working correctly. I post just the .ex4 file for the moment because there are still a few alerts at compiling. But I would like to hear some feedback from you at testing to get rid of bugs. extern bool ShowIndicator = true; extern string note1 = "change color/symbol for top?"; extern bool ChangeColor = false; extern bool ChangeChartSymbol = false; extern int topPairs = 8; extern color ForG_Color = WhiteSmoke; //extern...

Hi Godsclown

Great work my friend and I will endeavour to test it out for you...

Thank you very much for all your hard work here....
Feel the Fear and do it anyway!!!
  • #4,632
  • Mar 30, 2015 3:12am Mar 30, 2015 3:12am
Whilst my longer term plans are working themselves out might as well keep myself amused trying out this top trender GBPAUD....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 67 KB
Feel the Fear and do it anyway!!!
  • #4,633
  • Mar 30, 2015 3:17am Mar 30, 2015 3:17am
Grabbed a little orphan for 10 pips...
Feel the Fear and do it anyway!!!
  • #4,634
  • Mar 30, 2015 3:24am Mar 30, 2015 3:24am
I luv orphans
  • #4,635
  • Mar 30, 2015 4:29am Mar 30, 2015 4:29am
Quoting clivepackham
{quote} Well it wasn't really the whole system. I was just trying to describe how I reference from one CCI signal to the next, I'm constantly using market structure to decide which CCI signals to trade....
Thanks for this post Clive. I personally found it very useful. As I've said in a previous post, I think there are some human "pattern recognition" skills which are difficult to program, which often make the difference between profitability and lack of. Considering this, your thoughts about which CCI signals are the best to take are interesting to hear.

I am also always interested to hear your thoughts on exits, as this is something which you seem to use your discretion in deciding, and something which you have clearly spent a lot of time experimenting with over the course of this thread.

I have decided this week to test the idea of a fixed 2:1 reward to risk ratio. This has the advantage of removing all discretion from the process of exit. Simply move SL to break even once in 3 pips of profit, then wait and see if it hits the 2:1 TP. It means that each win covers 2 losses, and means that I am always taking no less profit than the amount I have initially risked (assuming I don't break even), which is the whole point of trading with the trend. Why take less than 1:1 profit if you are trading with the trend? Surely you would expect it to move more in the trend direction? This is my thinking anyway.

There is obviously no perfect exit. If you trail your SL more closely, or exit more quickly at the first signs of faltering, you will end up with a smaller average profit per trade, but get a profit more often, whereas if you trail your SL leaving more room, you will end up with a larger average profit per trade, but lose more of the potential profit which could have been taken, including many smaller "orphans". Conventional wisdom tells us that trying to catch the larger runs, and ending up with a larger RR ratio is the better option, but then conventional wisdom isn't always to be trusted .

Let'see see if I have the discipline to stick with a 2:1 TP when price goes 90% of the way to my TP, and then reverses back to BE.
  • #4,636
  • Mar 30, 2015 5:06am Mar 30, 2015 5:06am
Quoting clivepackham
Grabbed a little orphan for 10 pips...
Hi Clive,

How much do you set you SL and TP? Does it depend on the pair you are trading and when do you set it to BE?

BTW great work
  • #4,637
  • Edited 8:23am Mar 30, 2015 7:24am | Edited 8:23am
was away Thursday and Friday last week, not back to trade, got in EA
Attached Image (click to enlarge)
Click to Enlarge Name: EA-3-30-NY-allview.PNG Size: 177 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EA-3-30-NY.PNG Size: 53 KB


[update], it was a loss. probably it went too far from daily range point view. I did check 5min chart, I think it was second leg, but no obvious pullback from 5min chart. I should have waited instead of jumping from top of 5min chart.

as always, welcome feedback from fellow traders Clive, Dee50, Vantage, Divergence and others.

Attached Image (click to enlarge)
Click to Enlarge Name: EA-3-30-NY-lost.PNG Size: 54 KB


5min chart
Attached Image (click to enlarge)
Click to Enlarge Name: EA-3-30-NY-5min.PNG Size: 72 KB
  • #4,638
  • Edited 9:52am Mar 30, 2015 9:03am | Edited 9:52am
Quoting henryloving
was away Thursday and Friday last week, not back to trade, got in EA {image} {image} [update], it was a loss. probably it went too far from daily range point view. I did check 5min chart, I think it was second leg, but no obvious pullback from 5min chart. I should have waited instead of jumping from top of 5min chart. as always, welcome feedback from fellow traders Clive, Dee50, Vantage, Divergence and others. {image} 5min chart {image}
Remember one thing: ALWAYS BUY THE CORRECTION.
  • #4,639
  • Mar 30, 2015 10:36am Mar 30, 2015 10:36am
First entry CCI 14 was good, put BE fast but hit SL.
Second one, entry wasn´t follow the rules an hit SL -6 pips
Third one BE and hit SL and move in the way that I think
fourth one BE too.

I know is too late to trade with this pair, but I have to practice with the strategy.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 133 KB
  • #4,640
  • Mar 30, 2015 11:26am Mar 30, 2015 11:26am
Quoting Trinquete
I know is too late to trade with this pair, but I have to practice with the strategy. {image}
For what it's worth, it didn't start trending above 30 until after your entries (but yes, late in the day):

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 70 KB
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