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Trading is as simple as ABCD

  • #4,981
  • Apr 9, 2015 4:25am Apr 9, 2015 4:25am
And if you try to be too clever you're gonna get burned......

Lost 12 trying to buy back that drop....

Attached Image (click to enlarge)
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You just can't trade against them Big Boys!!!! I really should know better....

EDIT: Also I should add it wasn't on my top trenders just a silly idea that I had....
Feel the Fear and do it anyway!!!
  • #4,982
  • Apr 9, 2015 4:34am Apr 9, 2015 4:34am
Well thats the session done I think until after the rate news so will leave it at that for now plus I must get some work done too..

Not a bad morning that last trade took my profits for the session so finished just up by less than 1% but still positive, also learnt a lot this morning, took a couiple of silly entries which weren't pullbacks sort of breakout crap buying tops of waves or selling bottoms of waves, thats my biggest downfall getting carrried away with the move. Must wait for a pullback , just always frightened I'm gonna miss out on a move, but its mad because 9 out of 10 moves give you a 2nd chance to get in so just wait for the pullback...

Still have high hopes for this new TTindy might just need to tweak settings but most importantly I need to get use to it and wait for the pullback....

I'm getting there...
Feel the Fear and do it anyway!!!
  • #4,983
  • Apr 9, 2015 4:39am Apr 9, 2015 4:39am
I know I said I'd finished for session but this Top trender just setup too good for me to resist so gave it a shot..

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Starting to realise just sticking to the top trender appears to be a healthy way forward....
Feel the Fear and do it anyway!!!
  • #4,984
  • Apr 9, 2015 5:11am Apr 9, 2015 5:11am
My first trade in a while...Top trender.

EDIT: A loser....
Attached Image (click to enlarge)
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #4,985
  • Apr 9, 2015 5:26am Apr 9, 2015 5:26am
Quoting capstone
My first trade in a while...Top trender. EDIT: A loser.... {image}
I don't know what that purple line is but have you noticed that when price swings away it almost always then swings back (regression?)
every Saint has a past. Every Sinner has a Future
  • #4,986
  • Apr 9, 2015 5:32am Apr 9, 2015 5:32am
Quoting turnip15
{quote} I don't know what that purple line is but have you noticed that when price swings away it almost always then swings back (regression?)
It's the 35 LWMA. Of course price swings away and toward it. It's a MA. I do not fully understand what you're saying.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #4,987
  • Apr 9, 2015 5:48am Apr 9, 2015 5:48am
Took a second crack at it...Winner. The lines are looking at Clive's original 100LWMA, the 120 FSMA, and the 35 LWMA (coupled with a 175 LWMA). They will not all stay on the chart. Just trying to see what signals come and when in relation to the different strategies.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 51 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #4,988
  • Apr 9, 2015 5:57am Apr 9, 2015 5:57am
Quoting capstone
My first trade in a while...Top trender. EDIT: A loser.... {image}
Hi Tony

Looks like we took identical trade on GBPUSD break and retest of a good level/BRN 1.4800 but I held it through a 10 pip drawdown was close to closing but it reacted well off level and once above 1.4800 level I was happy to hold , was looking to move to BE asap and get out but it flew so got my rewards in the end nice 19 pips to make up for earlier loss..

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I place a 20 pip emergency stop normally behind last low/high and will close out manually as close to 10 pips as possible, hence some bigger losers sometimes. Then I look at the level I'm trading and if it gets clearly broken around 10 pips I'm out... This one was a border line case that worked out ok, as a lot of my trades do because we're trading with strong trends...

Lets have that chat sometime on Skype....
Feel the Fear and do it anyway!!!
  • #4,989
  • Apr 9, 2015 6:01am Apr 9, 2015 6:01am
Quoting capstone
Took a second crack at it...Winner. The lines are looking at Clive's original 100LWMA, the 120 FSMA, and the 35 LWMA (coupled with a 175 LWMA). They will not all stay on the chart. Just trying to see what signals come and when in relation to the different strategies. {image}

Awesome!!!!!!!

Our posts obviously crossed over, great trade and bravo for getting back in....

You are obviously very much in tune with this system our charts are identical.....
Feel the Fear and do it anyway!!!
  • #4,990
  • Apr 9, 2015 6:18am Apr 9, 2015 6:18am
The over riding thing to remember about my strategy is that price can only go up or down, thats all you're trying to decide are you a buyer or a seller if the chart you're looking at, so all I'm doing is finding a strong trending chart then wait for the pullback and soon as it goes back your way jump on board. I use pending orders so price has to move my way for me to enter.

Get to BE quickly so you get your risk off the table and then its all about when to exit....

GodsClown's TTindy makes it very easy not to wander off or get involved in charts that aren't moving, when it starts to range it disappears from in front of your face, bloody awesome!! Its a shock reminder to not mess about with rangy old charts....

Try to get in on first 2 or 3 CCI signals or pullbacks after the 120FSMA changes colour...

Doesn't always work of course but you're be surprised how often it will go your way , quite simply because you're trading with a strong trend..

Dead simple and all the works done for you with GodsClowns TTindy....
Feel the Fear and do it anyway!!!
  • #4,991
  • Apr 9, 2015 6:22am Apr 9, 2015 6:22am
Clive, looked like the only 2 trades you lost earlier were CT . . .
  • #4,992
  • Apr 9, 2015 6:24am Apr 9, 2015 6:24am
If you want to trade in the direction of higher timeframes like the 5 min then use the right hand TTiondy for that timeframe say 5 mins then when they agree start trading that pair when the 1 min 120FSMA turns your way... or to put it another way wait for it to be in top 4 of both TTindy coloums..

To put it simpler just wait for the top 4 in the 5 min to appear on your charts then start trading away....

Just had a brain storm of how we could use this 5 min TTindy to help with exits...

If the trade you are in is also top of 5 min TTindy then hold, if its not then grab an Orphan!!!!
Feel the Fear and do it anyway!!!
  • #4,993
  • Apr 9, 2015 6:29am Apr 9, 2015 6:29am
Quoting bapakjason
Clive, looked like the only 2 trades you lost earlier were CT . . .

Yep absolutely right, plus that shitty Breakout trade that cost me 17 bloody pips!!!!

NEVER BUY TOPS OF WAVES IN AN UPTREND!!!!!! OR SELL BOTTOMS OF WAVES IN A DOWNTREND!!!

Just shows how its all about discipline and like I said above this TTindy helps enormously with that, it won't even put a chart up unless its trending, absolutely awesome!!!!!

I'm up about 3% today so far despite my poor discipline and not sticking to strategy....Just imagine what a good trader could do with a bit of discipline???
Feel the Fear and do it anyway!!!
  • #4,994
  • Apr 9, 2015 7:10am Apr 9, 2015 7:10am
Touch my pending order and stays there. Top 1 in M1, lets see how it ends.

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It was a loser

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  • #4,995
  • Apr 9, 2015 7:17am Apr 9, 2015 7:17am
I think time of day is an absolutely massive part of this strategy as I got myself in a mess just before LO and the last hour before NYO has also swung about a bit too, so I'm thinking lets stay away from pre-market opens and in fact I think the best timesd are just after the open when the money in theory should be coming to the table. Certainly the case with London this morning, see GBPAUD chart below.

Attached Image (click to enlarge)
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Looks similar here with NYO....the pre open price action is very jumpy..

If you think about it we're trying to follow the money so best give them a chance to have their morning coffee then get down to work, I reckon the best runs are going to come in first hour after each open....Of course there will be plenty of good trades before but what we're looking for is some higher probability setups...The good old London and New York breakout trades..
Feel the Fear and do it anyway!!!
  • #4,996
  • Apr 9, 2015 7:20am Apr 9, 2015 7:20am
Hi Clive.

Is there a possibility of getting the ""CCI Signal with Trend strg2" up and running again?
Rgds
Pieter
  • #4,997
  • Apr 9, 2015 7:25am Apr 9, 2015 7:25am
Top trender GBPJPY going down, looks like New Yorkers are going to pick up the ball from London's earlier move down, this is a typical move according to Mr V. who says very often they will fake out pre NYO then take up the LO trend...

Attached Image (click to enlarge)
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Lets hope so hey????
Feel the Fear and do it anyway!!!
  • #4,998
  • Apr 9, 2015 7:27am Apr 9, 2015 7:27am
Quoting Pipglutton
Hi Clive. Is there a possibility of getting the ""CCI Signal with Trend strg2" up and running again? Rgds Pieter

Sorry Pieter not sure I understand you correctly???

What do you mean???
Feel the Fear and do it anyway!!!
  • #4,999
  • Apr 9, 2015 7:41am Apr 9, 2015 7:41am
Quoting clivepackham
If you want to trade in the direction of higher timeframes like the 5 min then use the right hand TTiondy for that timeframe say 5 mins then when they agree start trading that pair when the 1 min 120FSMA turns your way... or to put it another way wait for it to be in top 4 of both TTindy coloums.. To put it simpler just wait for the top 4 in the 5 min to appear on your charts then start trading away.... Just had a brain storm of how we could use this 5 min TTindy to help with exits... If the trade you are in is also top of 5 min TTindy then hold,...
120 FSMA.....what does the acronym "FSMA" stand for please ?
every Saint has a past. Every Sinner has a Future
  • #5,000
  • Apr 9, 2015 8:16am Apr 9, 2015 8:16am
Quoting clivepackham
{quote} Sorry Pieter not sure I understand you correctly??? What do you mean???
Hi Clive.

The readings I am getting on the CCI Signal with Trend strg 2 does not match what I am getting on GodsClowns TTindy....
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