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Trading is as simple as ABCD

  • #4,641
  • Mar 30, 2015 12:39pm Mar 30, 2015 12:39pm
Quoting Trinquete
First entry CCI 14 was good, put BE fast but hit SL. Second one, entry wasnt 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. {image}
Here's some feedback to add to honestknave's, which I hope will be helpful.

Unless I am misunderstanding the screenshot posted, there was only CCI overbought signal in that downtrend, therefore only one possible entry. It looks like you are waiting for the Heiken Ashi candles to change from green to red, in order to enter. That may well be a viable strategy, but it is not Clive's strategy. Just so that you are aware, Clive's strategy involves waiting for the CCI to go overbought in a down-trend, then begin "turning around" i.e. becoming less overbought, placing a sell stop 2 pips below the first candle where the CCI begins to move back with the trend, and trailing it with each candle, if the low of a new candle is higher than the low of the preceding candle.

Hope that makes sense.
  • #4,642
  • Mar 30, 2015 1:53pm Mar 30, 2015 1:53pm
Didn't get much chance to trade today shorter term, just that quick 10 pips this morning from GBPAUD, however my longer term trade on EURUSD is still going nicely 67 pips up and looking OK, lost 10 pips trying to establish a second leg earlier but if this keeps going it will hopefully make up for that...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 98 KB


The problem is of course if this flys back up the page and takes me out for nowt...
Feel the Fear and do it anyway!!!
  • #4,643
  • Mar 30, 2015 2:04pm Mar 30, 2015 2:04pm
Quoting Trinquete
First entry CCI 14 was good, put BE fast but hit SL. Second one, entry wasnt 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. {image}
And here we see exactly why it is not always good to go to BE too quickly.
If you look at my pic you see magenta and aqua lines. Both are the highest high and lowest low of the last 3 Heiken candels. Why not use that as your stoploss?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 142 KB
  • #4,644
  • Mar 30, 2015 2:16pm Mar 30, 2015 2:16pm
At the moment I'm thinking about writing an EA for this, but to be honest, I have too less rules for an automatic system.
So if someone can give me detailed data I would be thankfull. But please write it in data sheet:

If 1. and 2. and 3. and etc. are true do entry:
1. ...
2. ...
3. ...

If 1. and 2. and 3. and etc. are true do exit:
1. ...
2. ...
3. ...

Initial stoploss?
Trailing stoploss?
Target?
  • #4,645
  • Mar 30, 2015 3:46pm Mar 30, 2015 3:46pm
Quoting GodsClown
{quote} Remember one thing: ALWAYS BUY THE CORRECTION.
right, but the problem is how you define correction? in 1 min or 5 min? how much correction is a good correction? the entry I took was a 1 min small correction.
  • #4,646
  • Mar 30, 2015 3:51pm Mar 30, 2015 3:51pm
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. 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...
Nice write up, but out of your 10 signals, I probably only trade 4 or 6.

The first 3 are too side away, might be random noise. the entry after 6 probably went too far.
  • #4,647
  • Mar 30, 2015 6:20pm Mar 30, 2015 6:20pm
Quoting katkTrader
{quote} Here's some feedback to add to honestknave's, which I hope will be helpful. Unless I am misunderstanding the screenshot posted, there was only CCI overbought signal in that downtrend, therefore only one possible entry. It looks like you are waiting for the Heiken Ashi candles to change from green to red, in order to enter. That may well be a viable strategy, but it is not Clive's strategy. Just so that you are aware, Clive's strategy involves waiting for the CCI to go overbought in a down-trend, then begin "turning around" i.e. becoming...
Thanks, I don´t have that input.
  • #4,648
  • Mar 30, 2015 6:23pm Mar 30, 2015 6:23pm
Quoting GodsClown
At the moment I'm thinking about writing an EA for this, but to be honest, I have too less rules for an automatic system. So if someone can give me detailed data I would be thankfull. But please write it in data sheet: If 1. and 2. and 3. and etc. are true do entry: 1. ... 2. ... 3. ... If 1. and 2. and 3. and etc. are true do exit: 1. ... 2. ... 3. ... Initial stoploss? Trailing stoploss? Target?
Thanks will try, can you share the indi please.
  • #4,649
  • Mar 30, 2015 6:27pm Mar 30, 2015 6:27pm
Quoting GodsClown
{quote} And here we see exactly why it is not always good to go to BE too quickly. If you look at my pic you see magenta and aqua lines. Both are the highest high and lowest low of the last 3 Heiken candels. Why not use that as your stoploss? {image}
Sorry, this one please
  • #4,650
  • Mar 31, 2015 1:16am Mar 31, 2015 1:16am
Quick update on my EURUSD trade just over 100 pips up now thats a 10% gain so shouldn't I just bank it before it flys back up the page and takes all my profit with it??? But this is a daily trade so gonna let it run on my daily chart....

In the mean time of course I should of been adding at every turn down but really need an EA for that...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 61 KB
Feel the Fear and do it anyway!!!
  • #4,651
  • Mar 31, 2015 2:14am Mar 31, 2015 2:14am
Quoting clivepackham
Quick update on my EURUSD trade just over 100 pips up now thats a 10% gain so shouldn't I just bank it before it flys back up the page and takes all my profit with it??? But this is a daily trade so gonna let it run on my daily chart.... In the mean time of course I should of been adding at every turn down but really need an EA for that... {image}

Awsome,
an EA would be good...I would even attempt to try it..
  • #4,652
  • Mar 31, 2015 2:23am Mar 31, 2015 2:23am
For those like me, who don´t have a high winning rate:

I take half a position on the signal.
If it comes back 5 pips, against my 10 pip stop, I place the second half order at the same spot.

ADVANTAGES:
-Most of your your loosers are halved.
-If price takes your second order, chances are it will work.
-It reduces the damage on those nasty loosing streaks.

DISADVATAGES: straight runners profit half.

If you have a winning rate above 50% it might not be a good idea...it also depends on the size of your winners.

I call my straight full loosers "black widows", (deadly, tiny aussie spiders.)
The power of these in your bottom line is massive....
  • #4,653
  • Mar 31, 2015 2:27am Mar 31, 2015 2:27am
Top trender GBPAUD broke a nice little level and retested so jumped on board even though not a CCI pullback but at BE so you never know...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 64 KB
Feel the Fear and do it anyway!!!
  • #4,654
  • Mar 31, 2015 2:35am Mar 31, 2015 2:35am
Knocked off at BE first time round but a better pullback this time with a nice CCI signal and a BRN so gotta be done...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 64 KB
Feel the Fear and do it anyway!!!
  • #4,655
  • Mar 31, 2015 2:39am Mar 31, 2015 2:39am
Interesting that you are looking at the daily chart. As you can see it broke the 100 ema came back and tested it in June last year and has been dropping like a stone ever since. Of course there are always opportunities for longs especially on lower time frames but if you'd taken every short since last June then you'd be very happy. Of course this is with the benefit of Harry Hindsight - seems Freddy Foresight is never around when you need him.
Attached Image (click to enlarge)
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  • #4,656
  • Mar 31, 2015 2:48am Mar 31, 2015 2:48am
I´m an EW fan.
Don´t want to mix up this thread.

BUT: considering the last 4 H top could be a wave 4, of the long run down since last may.
THEN: I´m taking every short signal towards the minimum target.
I trade manually, so I adjust my stop wider....less risk, less gain...
I would use an EA to take every valid signal and try to hold at least to the target, about 500 pips down.
Got one in so far in plus..
MILIPEDE here I come...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 110 KB
  • #4,657
  • Mar 31, 2015 2:49am Mar 31, 2015 2:49am
Quoting handy148
Interesting that you are looking at the daily chart. As you can see it broke the 100 ema came back and tested it in June last year and has been dropping like a stone ever since. Of course there are always opportunities for longs especially on lower time frames but if you'd taken every short since last June then you'd be very happy. Of course this is with the benefit of Harry Hindsight - seems Freddy Foresight is never around when you need him. {image}

Quite right Mike , we're all so good looking backwards aren't we, no matter what timeframe but the secret is to catch them going forward, thats the thing isn't it ?? To recognise those same setups as they occur not a year later....

Looks like I might of got it right on my GBPAUD this morning....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 53 KB
Feel the Fear and do it anyway!!!
  • #4,658
  • Mar 31, 2015 2:51am Mar 31, 2015 2:51am
Banked 23 pips there been up 10 pips on 2 other entries today and let them slide out for nowt so took this one but of course its going to rush up the page all day now isn't it????
Feel the Fear and do it anyway!!!
  • #4,659
  • Mar 31, 2015 2:54am Mar 31, 2015 2:54am
Quoting handy148
Interesting that you are looking at the daily chart. As you can see it broke the 100 ema came back and tested it in June last year and has been dropping like a stone ever since. Of course there are always opportunities for longs especially on lower time frames but if you'd taken every short since last June then you'd be very happy. Of course this is with the benefit of Harry Hindsight - seems Freddy Foresight is never around when you need him. {image}
AGREE, Harry must be a woman, (bitch), she´s married to the Big Boys, but keeps on smiling to retailers, and showing her underwear...teaser...
  • #4,660
  • Mar 31, 2015 2:58am Mar 31, 2015 2:58am
Quoting cuchuflito
Im an EW fan. Dont want to mix up this thread. BUT: considering the last 4 H top could be a wave 4, of the long run down since last may. THEN: Im taking every short signal towards the minimum target. I trade manually, so I adjust my stop wider....less risk, less gain... I would use an EA to take every valid signal and try to hold at least to the target, about 500 pips down. Got one in so far in plus.. MILIPEDE here I come... {image}

Hi Cuchuflito

Hope you hang around here because I'm starting to realise that trading higher timeframe signals combined with my 1 minute entry is a very powerful combination...Perhaps you can call your higher timeframe entries and I'll take them on my 1 minute entry???

Liked your last hrly signal you gave me.....

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 59 KB


In for a 10 pip stop and still holding....
Feel the Fear and do it anyway!!!
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