Trading is as simple as ABCD | Page 247 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gartley/bat/crab/butterfly/abcd/three Drives Pattern Indicator Help 50 replies

Abcd fibo retracement trading journal 109 replies

ABCD - My way 122 replies

ABCD Fibo 82 replies

abcd patterns 1 reply

Attachments: Trading is as simple as ABCD
Exit Attachments

Trading is as simple as ABCD

  • #4,921
  • Apr 7, 2015 12:33pm Apr 7, 2015 12:33pm
Lets see...SL just above the .500 level

Attached Image (click to enlarge)
Click to Enlarge Name: eu2.png Size: 74 KB
  • #4,922
  • Apr 7, 2015 12:42pm Apr 7, 2015 12:42pm
Move to BE, is in an important support level.

Attached Image (click to enlarge)
Click to Enlarge Name: eu3.png Size: 93 KB
  • #4,923
  • Apr 7, 2015 12:46pm Apr 7, 2015 12:46pm
I dont know how it ends, but everithing looks Sell to me, except the TTindy that is in 15.

Edit 1: Hit SL al BE, doesn´t matter, is in a conflictive zone.


Attached Image (click to enlarge)
Click to Enlarge Name: eu4.png Size: 92 KB
  • #4,924
  • Apr 7, 2015 1:56pm Apr 7, 2015 1:56pm
Hi Clive, can you show me your custom indicator setup with the true and false too, just to be clear that Im in the right way. TY

Attached Image (click to enlarge)
Click to Enlarge Name: custom indicators.png Size: 67 KB
  • #4,925
  • Apr 7, 2015 3:15pm Apr 7, 2015 3:15pm
Quoting Trinquete
Hi Clive, can you show me your custom indicator setup with the true and false too, just to be clear that Im in the right way. TY {image}
Sure here you go, this is how I'm setting up my TTindy at the moment,

Attached Image (click to enlarge)
Click to Enlarge Name: My TTindy settings.PNG Size: 48 KB


Once you have the TTindy then use my #master and Default templates below to set your charts up like this. Use the #master template for the chart with the TTindy on it then it will automatically open the other three charts up itself depending on which pair is in top 4.. The master will have the top trending pair and the three slaves will use the default templates.

You should end up with something like this using the "tile window" feature from your MT4 tool bar.

Attached Image (click to enlarge)
Click to Enlarge Name: my charts layout.PNG Size: 90 KB


All I do then is watch the 4 pairs until I see a setup I like the look of, eg a pullback to support/resistance after a strong move down/up. Then I'll open that chart up on its own and look to get my entry. You won't believe how simple it is to spot the setups.

So just to exp[lain the chart setup again, download the two templates below, then just open up a single chart and drop my master template on it and the other three charts will open themselves up as if by magic (Godsclown's magic). Then all you do is watch the charts until you see a clear ABCD setup...

Couldn't be simpler.....

EDIT: One other thing that I do is set the CCI alert to 14 and set the "open new chart" input to true, then it will alert you whenever a 14 CCI 100 level is crossed and open the relative chart so you can check out the CCI signal to see if its any good and worth trading or not. Might be a double top or double bottom in a ranging chart. Just in case you get bored....

One word of warning , the charts will use the maximum scale they can so sometimes look like great signals but in fact the charts only moving a few pips but looks exaggerated owing to the automatic scaling on MT4...
Attached File(s)
File Type: tpl Default.tpl   266 KB | 357 downloads
File Type: tpl #master.tpl   271 KB | 1,875 downloads
Feel the Fear and do it anyway!!!
  • #4,926
  • Apr 7, 2015 3:50pm Apr 7, 2015 3:50pm
Thanks a lot Clive, I been playing with it for several hours.

Quoting clivepackham
{quote} Sure here you go, this is how I'm setting up my TTindy at the moment, {image} Once you have the TTindy then use my #master and Default templates below to set your charts up like this. Use the #master template for the chart with the TTindy on it then it will automatically open the other three charts up itself depending on which pair is in top 4.. The master will have the top trending pair and the three slaves will use the default templates. You should end up with something like this using the "tile window" feature from your MT4 tool bar....
  • #4,927
  • Apr 7, 2015 4:02pm Apr 7, 2015 4:02pm
Quoting Trinquete
Thanks a lot Clive, I been playing with it for several hours. {quote}
Do you mean playing with the setup or playing with the strategy, actually trading it??? I will say its only effective around market opens and times like this its very unreliable. It definitely needs some volatility for it to work properly. But under the right conditions I think its going to prove to be very good...

Bear in mind what we are trying to achieve here? We are following the money as it comes to the table and theres fresh money pouring in around the three big market opens, London, New York and Asia...

We are therefore just trying to identify one or two moves per session and not much more, keep your stops tight around 10 pips and try to get the most out of each run....

Good luck tomoz...
Feel the Fear and do it anyway!!!
  • #4,928
  • Apr 7, 2015 4:02pm Apr 7, 2015 4:02pm
Hi.
Clive, i use for TT additional chart USDNOK m1. All other 4 everytime changing but this one stay.
  • #4,929
  • Apr 7, 2015 4:26pm Apr 7, 2015 4:26pm
Quoting Virtikus
Hi. Clive, i use for TT additional chart USDNOK m1. All other 4 everytime changing but this one stay.
Hi Virtikus

I hear what you're saying but then it messes up if you try to use the tile window setting as 5 charts looks unbalanced, however open one chart drop my master template on and that will remain the top trender and automatically open 3 new charts using the default template. Then you just have the top 4 charts and can see them all clearly in tile window format...means you're watching top four trenders at any one time...

Just the way I like my charts, but to each his own..
Feel the Fear and do it anyway!!!
  • #4,930
  • Apr 7, 2015 4:53pm Apr 7, 2015 4:53pm
Hi Godsclown

Just noticed a problem with the TTindy when I set the CCI alert to true, then whenever it signals it changes all the charts to EURUSD like below...

Attached Image (click to enlarge)
Click to Enlarge Name: fault with CCI alert.PNG Size: 71 KB


Any idea why???

Also I think its alerting on all pairs not just the top 4 or 8??? So an alert on any pair comes up....Not a problem as I quite like having a generally alert whenever a CCI signals as then I have a quick look at that pair to see if its worth trading the CCI signal, but I believe you intended it to alert from the top 4 that you're monitoring didn't you???

Anyway no big thing, just a little bug..

Might be cool to have a choice with the CCI alert, either it signals only on the top trending 8 pairs(or whatever you set it for on inputs) or it signals all pairs as its doing now..
Feel the Fear and do it anyway!!!
  • #4,931
  • Apr 7, 2015 4:57pm Apr 7, 2015 4:57pm
Quoting clivepackham
{quote} EDIT: One other thing that I do is set the CCI alert to 14 and set the "open new chart" input to true, then it will alert you whenever a 14 CCI 100 level is crossed and open the relative chart so you can check out the CCI signal to see if its any good and worth trading or not.
I have to ask. You set the CCI alert to 14 but then when the charts open they have CCI 8?
Today's zone = Tomorrow's opportunity!
  • #4,932
  • Apr 7, 2015 5:08pm Apr 7, 2015 5:08pm
Quoting pres78
{quote} I have to ask. You set the CCI alert to 14 but then when the charts open they have CCI 8?

Yes but thats only because the charts open using the default template which is set to 8 for when we're on the strong trenders, thats when we need the 8 to give us a signal as pullbacks on strong trenders are fairly small...

However as it appears to be signaling any CCI signal from all charts whether they are trending or not I thought it better to use 14 CCI for that as they aren';t neccessarily trending strongly so I just want the more significant signals off of the 14 CCI. For instance a rangy pair will give some nice 14 CCI signals at the top and bottoms of the range so worth trading, also double tops and bottoms at strong levels give quality 14 CCI signals.

Basically I'm watching the strong trenders so not too bothered about the 8 CCI that I uasse on strong trenders, but thought it worth having a look at any 14 CCI signal from the other none trending pairs...

Hope that makes sense???

If the CCI was only alerting strong trending pairs say the top 4 then I would use the 8 CCI alerts....That would be very useful as the overbought cci signals in strng downtrends are gold dust as are the oversold 8 cci signals in strong uptrends...
Feel the Fear and do it anyway!!!
  • #4,933
  • Apr 7, 2015 5:41pm Apr 7, 2015 5:41pm
Hi Godclown

sent you a PM about the TTindy bugs and a suggestion to add higher timeframe signal alerts...
Feel the Fear and do it anyway!!!
  • #4,934
  • Apr 7, 2015 6:19pm Apr 7, 2015 6:19pm
I been working with the strategy this days and will stick with it because it suits me very very much and open your eyes at the moment to take a trade because is easy to see the patterns that you use (HH HL LL LH), So, if you will stay here, I'll stay around too, learning and trading the strategy until my account will dry jajaja hope never happen. Un abrazo.
Quoting clivepackham
{quote} Do you mean playing with the setup or playing with the strategy, actually trading it??? I will say its only effective around market opens and times like this its very unreliable. It definitely needs some volatility for it to work properly. But under the right conditions I think its going to prove to be very good... Bear in mind what we are trying to achieve here? We are following the money as it comes to the table and theres fresh money pouring in around the three big market opens, London, New York and Asia... We are therefore just trying...
  • #4,935
  • Apr 7, 2015 6:50pm Apr 7, 2015 6:50pm
Quoting clivepackham
{quote} Hi Henry I think the secret is to get into the runs a little earlier if you can which is why I've dropped everything down to the 120FSMA , it gets you in quicker just make sure you get a nice strong trender... Have you tried Godsclowns TTindy with the automatic chart openings?? Try it but remember to use your judgement as to which trades to take...I'm afraid its not as simple as top trender then hit it...I,m very keen on break and retests for entry.. Catch up later...
Thanks, I only trade NY open. Sometimes I have to join the later part of the party if London session has a big runner. Either I am out or I find a way to trade this. Thanks for your suggestion on 120FSMA. will give it a try. but I am a lazy man and want to stick to one system for longer time.

I installed Godsclowns TTindy but have not seriously test it. will give it a try later.

Again thanks for your kind suggestion, it matters to me having you around.
  • #4,936
  • Edited 8:16pm Apr 7, 2015 6:54pm | Edited 8:16pm
Quoting clivepackham
I like this new TTindy with the FSMA/HMA as it keeps me busy....Now buying GBP pairs and liked the look of this GBPCAD... {image}
so now you do not care about 5 min trend and just scalp 1 min wave anyway? This one seems not aligned with 5 min trend. It is probably fine because there is less to concern, just focus on scalping.
  • #4,937
  • Edited 10:35pm Apr 7, 2015 10:22pm | Edited 10:35pm
In this version, there is also an alert for the other timeframe and you can choose the top number for which the alert shall work.
  • #4,938
  • Apr 8, 2015 12:14am Apr 8, 2015 12:14am
Quoting GodsClown
In this version, there is also an alert for the other timeframe and you can choose the top number for which the alert shall work.
In which version??? Did you mean to attach another version to this post????
Feel the Fear and do it anyway!!!
  • #4,939
  • Edited 12:43am Apr 8, 2015 12:24am | Edited 12:43am
Quoting henryloving
{quote} so now you do not care about 5 min trend and just scalp 1 min wave anyway? This one seems not aligned with 5 min trend. It is probably fine because there is less to concern, just focus on scalping.
What I tend to do is take the cci signals from the 1 min and then look up at the higher timeframes to see what sort of move I've caught... Thats when if I see its also on 5 min TTindy maybe I should hold a bit longer and trade the 5 min chart but to be honest you get so many false starts that appear to be 5 min signals but fizzle out to nothing to a BE trade that I've all but given up on taking higher timeframes direction into account...

However I am asking Godsclown to look into a CCI alert that will signal when a higher time frame CCI is signaling say the 14 CCI on the 15 min chart, then we could look to get ourselves a 1 min entry in that direction...

Guess it all depends what your view is on higher timeframe charts, as you know I'm not a great believer as seen far too many higher timeframe signals fizzle out to nothing...thats why I've concentrated solely on 1 min charts and trends...

Don't get me wrong I'm not saying higher timeframe signals can't be traded, its just not for me at this time,

but don't worry, I haven't given up on the idea of catching higher timeframe moves hence the HTF CCI signal alert idea...
Feel the Fear and do it anyway!!!
  • #4,940
  • Apr 8, 2015 12:53am Apr 8, 2015 12:53am
Heres my screen at the moment GBPJPY strongest so pending order just in case we get a big jump start to the day ....
Attached Image (click to enlarge)
Click to Enlarge Name: heres what I'm looking at.PNG Size: 87 KB
Feel the Fear and do it anyway!!!
15 traders viewing now