Attachments: Trading is as simple as ABCD

Trading is as simple as ABCD

#5,121
Apr 13, 2015 11:48pm Apr 13, 2015 11:48pm

jedobserves
| Joined Mar 2015 | Status: Trader | 17 Posts

Quoting clivepackham

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{quote} Hi Jed Glad to hear my thread is helping you But I'm afraid I wouldn't recommend any books or anything else on trading vast majority are total bullshite .... I'll save you time and money and cut through all the shite for you... Price can only go up or down, its not complicated and in fact I will make it even simpler for you. You only have ONE choice to make when you look at a chart, thats right just ONE choice, not too complicated for you is it?? Just ONE choice to make. Are you a buyer or a seller of that chart. If when you open up your...

Ignored

Ah, will definitely follow your rules, I guess by isolating the really great signals, we can increase our expectancy! Why risk pips when not completely sure!
Trend is our friend

#5,122
Edited 1:35am Apr 14, 2015 1:08am | Edited 1:35am

jedobserves
| Joined Mar 2015 | Status: Trader | 17 Posts

Can anyone help me figure this new TTindy out!?
It's showing up in blue, I have set the settings according to what Clive's old post was when someone else asked the same question.
EDIT : I have also posted my current TTindy settings as well!

EDIT 2 : I figured out when it turns to blue as well. when I change tf1matype from 3 to 8 and tf2matype from 3 to 8

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#5,123
Apr 14, 2015 1:27am Apr 14, 2015 1:27am

Vantage
Joined Mar 2007 | Status: Trader | 7,195 Posts

Quoting clivepackham

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RULE 3 Remember, price never moves in a straight line, it moves in waves, it waves up or it waves down. Therefore sell wave tops in a downtrend and buy wave bottoms in an uptrend. NEVER buy wave tops and NEVER sell wave bottoms. We can identify these waves by using our CCI indicator -100 levels are wave bottoms and +100 are wave tops.. Rule 4 When price falters then exit... Rule 5 Go back to rule 1. And there you have it my friend 5 simple rules to trading stick with them and you won't go far wrong....

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Hi Clive

Exactly, buy the dips in an uptrend sell the rallies in downtrend. I paid good money on a forex course and that one pearl of wisdom was worth its weight in gold.

#5,124
Edited 2:42am Apr 14, 2015 2:31am | Edited 2:42am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Quoting Vantage

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{quote} Hi Clive Exactly, buy the dips in an uptrend sell the rallies in downtrend. I paid good money on a forex course and that one pearl of wisdom was worth its weight in gold.

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Hi Mr V.

Yes exactly and the same thing here and I'm sure we're not alone. Theres a wealth of wealthy men out there who teach unsuspecting newbies how to trade but in fact can't do it themselves , Can't trade??? Then teach.....

For me the penny dropped when I realised price moved in waves, no matter what timeframe you looked at it moves in waves. Once you realise that it becomes very clear whats going on.Just remember it moves in waves...

Buy the bottoms of waves in an uptrend sell the tops of waves in downtrends.

Very simple but for some reason not easy.....

Feel the Fear and do it anyway!!!

#5,125
Apr 14, 2015 2:42am Apr 14, 2015 2:42am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Quoting Divergence

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in other words trade the pullback in a trend

Ignored

Exactly Harold and if we remember why it moves in waves then it becomes easier to start understanding the market and the essence of trading.

When someone buys and price goes up, he has to sell to bank his profit so causing the pullback. Its that process of invest-bank that moves the market, simple as that and with that knowledge we should be able to make money, shouldn't we???

Feel the Fear and do it anyway!!!

#5,126
Apr 14, 2015 2:45am Apr 14, 2015 2:45am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

And just to show an example heres a perfect pullback to support at 1.3275 and away we go...

Simple, simple, simple.....

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Feel the Fear and do it anyway!!!

#5,127
Apr 14, 2015 2:55am Apr 14, 2015 2:55am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

And also the perfect example of why traders don't make money, I didn't make a bean out of that trade dispite being up twice 5 pips or more, so why didn't I bank???

Fear and Greed, the two devils of trading....

So how do we deal with it???

Thats the million dollar question not how to technically trade, but how to deal with those two little rascals????

Feel the Fear and do it anyway!!!

#5,128
Apr 14, 2015 3:26am Apr 14, 2015 3:26am

Vantage
Joined Mar 2007 | Status: Trader | 7,195 Posts

Quoting clivepackham

Disliked

And also the perfect example of why traders don't make money, I didn't make a bean out of that trade dispite being up twice 5 pips or more, so why didn't I bank??? Fear and Greed, the two devils of trading.... So how do we deal with it??? Thats the million dollar question not how to technically trade, but how to deal with those two little rascals????

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Because we are not looking for 5 pip trades but the regular moves that run 50. Thats the system not scratching for 5. How do deal with it ....................... forget it, don't give it a 2nd thought, ever.

#5,129
Apr 14, 2015 3:36am Apr 14, 2015 3:36am

blueface
| Joined Sep 2014 | Status: Trader | 234 Posts

Quoting clivepackham

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And just to show an example heres a perfect pullback to support at 1.3275 and away we go... Simple, simple, simple..... {image}

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Hi Clive

I found your trading be BE is quick,I think many people's problem is dont know when to be BE to protect themselves(including me).

sorry for my English.

thx a lot.

#5,130
Apr 14, 2015 3:41am Apr 14, 2015 3:41am

blueface
| Joined Sep 2014 | Status: Trader | 234 Posts

Hi

upload a great HMA indi come from TSD

Hope you enjoy it

Attached File(s)

HMA Color nrp & mtf & alerts + arrows 2.mq4 11 KB | 467 downloads

#5,131
Apr 14, 2015 3:45am Apr 14, 2015 3:45am

Vantage
Joined Mar 2007 | Status: Trader | 7,195 Posts

Quoting blueface

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{quote} Hi Clive I found your trading be BE is quick,I think many people's problem is dont know when to be BE to protect themselves(including me). sorry for my English. thx a lot.

Ignored

You are trading a b c moves so an easy rule of thumb is after you are in the trade wait for the first a b c move that comes back to test your entry. Once thats happened and price has moved away you could look to move to BE. That won't always work sometimes it comes back twice to test your entry (talking of closed candles and abc moves) but its a decent balance between success + protecting yourself.

#5,132
Apr 14, 2015 4:11am Apr 14, 2015 4:11am

honestknave
Joined Nov 2014 | Status: Trader | 1,300 Posts

For those who enjoy a dashboard, a little experimental one (that means basic and untested!).

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It tracks 3 different timeframes (or the same timeframes but with different settings).
Click the appropriate one to sort by that column's trend strength. When selected, it will turn blue.

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It will show you the trend strength and direction:

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It will show you the CCI, and which way it is moving relative to the previous CCI reading

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If everything lines up (downtrend with CCI >100 then <100 or uptrend with CCI <-100 then >-100) the CCI arrow will get highlighted in yellow.

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Click on a trend strength or CCI and the appropriate chart will open on the appropriate timeframe. You can preset a template for each.

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It only tracks the symbols listed in your MarketWatch window.

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You can add a spread filter to restrict the list further.

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It doesn't matter which chart you add it to; it runs off a timer:

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#5,133
Apr 14, 2015 4:12am Apr 14, 2015 4:12am

honestknave
Joined Nov 2014 | Status: Trader | 1,300 Posts

Reached maximum number of attachments in last post. So here is the dashboard EA.

Attached File(s)

Dashboard.ex4 59 KB | 306 downloads

#5,134
Apr 14, 2015 5:48am Apr 14, 2015 5:48am

blueface
| Joined Sep 2014 | Status: Trader | 234 Posts

Quoting honestknave

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Reached maximum number of attachments in last post. So here is the dashboard EA. {file}

Ignored

Hi honestknave

very great dashboard.

thx a lot.

#5,135
Apr 14, 2015 6:56am Apr 14, 2015 6:56am

honestknave
Joined Nov 2014 | Status: Trader | 1,300 Posts

Quoting blueface

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{quote} Hi honestknave very great dashboard. thx a lot.

Ignored

Hope it is of some use

#5,136
Apr 14, 2015 7:24am Apr 14, 2015 7:24am

Pipglutton
| Joined Jul 2013 | Status: Trader | 263 Posts

Quoting honestknave

Disliked

{quote} Hope it is of some use

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Hi Honestknave.

This is really cool!!!

#5,137
Apr 14, 2015 8:37am Apr 14, 2015 8:37am

clivepackham
Joined Nov 2010 | Status: Trader | 4,484 Posts

Quoting honestknave

Disliked

Reached maximum number of attachments in last post. So here is the dashboard EA. {file}

Ignored

That looks really cool so you can see a strong trending say 1 hr chart then when its CCI turns your way drop down to 1 min and trade in that direction.

Very handy if you want to trade in same direction as a higher timeframe.

Very good Honestknave...job welldone..

I'm fraid I might not use it too much as you know I tend to just trade the 1 min moves, following the immediate money as it comes to the market but I can see why traders want to trade the higher timeframe CCI signals that makes complete sense to me.

Just like my 1 min trading wait for a strong downtrender to go overbought on CCI then when it signals jump on the 1 min chart for some tight entries...

Martin reckons we should be trading 1 hr CCI signals and dropping down to the 1 min whenever it turns the same way for longer runners with very small stops risk 1% across 10 pips per trade. Emergency stop 20 pips so 2% worst case...

By the way has anyone noticed how our strong daily downtrender EURUSD is flying up the page???? Might be an awesome time to trade the next 1 hr CCI sell signal??? can someone shout out when that happens and we can all join this daily downtrender...

Feel the Fear and do it anyway!!!