Trading is as simple as ABCD | Page 268 | 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

  • #5,341
  • Apr 20, 2015 10:51am Apr 20, 2015 10:51am
Nope no go there either so another BE trade, nothing seems to be following through today more than about 5 pips...

Just one of those days I guess where I should be banking every 5 pips.Very quiet news wise today although I see we've got some AUD speech in 45 mins maybe that will kick off a bit. Right now everywhere I look price seems to be turning into some trouble or other.

Or should I just retire for the day still up 4% on the day about 40 pips so unless I see a very clear setup I'll call it a day...
Feel the Fear and do it anyway!!!
  • #5,342
  • Apr 20, 2015 10:56am Apr 20, 2015 10:56am
Quoting blueface
{quote} Hi honestknave greast indy thx a lot
You're welcome

Quoting skyway
{quote} TQ
No problem
  • #5,343
  • Apr 20, 2015 11:07am Apr 20, 2015 11:07am
Long XAUUSD
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-04-20XAUUSDM1.png Size: 57 KB
  • #5,344
  • Apr 20, 2015 11:22am Apr 20, 2015 11:22am
Everything is practically flat and although top of TTindy nothing worth trading so just sit on my hands until something does start moving but to be honest I think this strategy definately is time of day driven. We quite often get a little flurry around London Close round about now but thats it...

I think I would make the time of day the first most important filter before even looking at charts....
Feel the Fear and do it anyway!!!
  • #5,345
  • Apr 20, 2015 11:26am Apr 20, 2015 11:26am
Quoting GodFire
Long XAUUSD{image}
out BE, didn't expected much
  • #5,346
  • Apr 20, 2015 11:28am Apr 20, 2015 11:28am
Clive, are here any entries between the to re lines?
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-04-20-EURCHFM1.png Size: 47 KB
  • #5,347
  • Apr 20, 2015 11:43am Apr 20, 2015 11:43am
Quoting GodFire
Clive, are here any entries between the to re lines?{image}

Very good question sir...

The thing that I'm noticing with these really strong trenders when they stay below or above the 120HMA is they won't give us a full CCI signal going overbought or oversold because the trend is so strong. Now I'm thinking we can't leave out trading moves like this just because they are trending too strongly, can we????

So my thoughts are that we should be looking at the momentum swings on the CCI rather than the complete pullback to the overbought/sold 100 levels... When we think it through thats a great signal when momentum swings back with the strong trend so place a pending order under/over that CCI candle that goes back with the trend...

Especially if its a break and retest of a level...

So to answer your question yes that could be perceived as signals as long as price is clearly below the 120HMA as in your example.

I'm going to run with it a bit this week will let you know how I get on....as it does seem a shame to let these really strong trenders escape from us doesn't it???
Feel the Fear and do it anyway!!!
  • #5,348
  • Apr 20, 2015 2:10pm Apr 20, 2015 2:10pm
Hello Clive,

I read your whole thread while away this winter and reviewed your trades along the way.
I want to thank you for all your considerable efforts, and I wish you great success in changing your life with your method.

Now that I'm back home and you've laid out the specifics with your current approach, I'm ready to give it a go on the demo for a couple of weeks to see if I can make it work for myself.

One thing I'm really stuck on today is setting up the "TTindy" as you showed in your pic, repeated here.

Can someone show me or point me to a place that shows how to combine the indis into one like that? I've googled, checked the MT4 help, etc but I'm stuck, and it's the first time I've seen this type of setup.

Many thanks also to GodsClown, HonestKnave and others who've contributed so much.

Green pips to all.

Al
Attached Image
  • #5,349
  • Apr 20, 2015 2:39pm Apr 20, 2015 2:39pm
Quoting coral
Hello Clive, I read your whole thread while away this winter and reviewed your trades along the way. I want to thank you for all your considerable efforts, and I wish you great success in changing your life with your method. Now that I'm back home and you've laid out the specifics with your current approach, I'm ready to give it a go on the demo for a couple of weeks to see if I can make it work for myself. One thing I'm really stuck on today is setting up the "TTindy" as you showed in your pic, repeated here. Can someone show me or point me to...

Hi Coral

Quite simple just go to "File" on MT4 toolbar open up your "Data Folder" then double click on "MQL4" folder to open it. Then double click "Indicators" folder to open it. Now you have to create a new folder by putting pointer above all the folders and right clicking. This will give you a drop down menu select "new" and then "folder". This will create a new folder for you so call it "TTindy".

Now you have a new folder called TTindy so open that and save the indicators into it. I just click and drag them after downloading.

THats it...
Feel the Fear and do it anyway!!!
  • #5,350
  • Apr 20, 2015 2:54pm Apr 20, 2015 2:54pm
Thank you Clive, that was smooth. I never thought of trying it that way, so big "Duh!" on me.

Best to you.
  • #5,351
  • Apr 20, 2015 3:01pm Apr 20, 2015 3:01pm
Quoting GodFire
Clive, are here any entries between the to re lines?{image}

Heres that run down of EURCHF that Godfire asked about whether there was any entry signals or not...Well there wasn't our normal overbought CCI over +100 level but there was swings in momentum from up to down and every one produced a good entry if you placed a sell stop 2 pips below the signal candle..

5 qualifying signals here in this 50 pip move.

You wouldn't believe how many times I've sat there waiting for a 100 level CCI pullback and just watched as pip after pip goes by without me on it...

Whats particularly interesting in this move is that the first qualifying CCI signal is a loser...

Attached Image (click to enlarge)
Click to Enlarge Name: Every swing in the CCI momentum is an entry.png Size: 65 KB


So as long as price is clearly below or above the 120 HMA then just trade the momentum swings in the direction of the trend...

Or even simpler after green candles take the next red candle???

Will forward test this week see how I get on....
Feel the Fear and do it anyway!!!
  • #5,352
  • Apr 20, 2015 3:13pm Apr 20, 2015 3:13pm
Quoting clivepackham
{quote} Heres that run down of EURCHF that Godfire asked about whether there was any entry signals or not...Well there wasn't our normal overbought CCI over +100 level but there was swings in momentum from up to down and every one produced a good entry if you placed a sell stop 2 pips below the signal candle.. 5 qualifying signals here in this 50 pip move. You wouldn't believe how many times I've sat there waiting for a 100 level CCI pullback and just watched as pip after pip goes by without me on it... Whats particularly interesting in...
Thanks clive!
  • #5,353
  • Apr 21, 2015 12:18am Apr 21, 2015 12:18am
Quoting GodFire
{quote} Thanks clive!
You're welcome but just be aware thats when price is moving fast not just meandering around, like I'm always saying, strong trending pairs only, so you need to see it clearly below or above its 120HMA...then we know its trending strongly...

Unlike right now pre-Frankie with the top 4 just meandering around the 120HMA so waiting to see something come to the top and moving...

Attached Image (click to enlarge)
Click to Enlarge Name: pre Frankie is there any piont in getting up early.PNG Size: 70 KB


Don't know why I bother to get up so early to be honest as I'm sure the better moves come just after LO but I just need to make sure so getting up early to chaeck out Frankie ..... All part of testing the system out...
Feel the Fear and do it anyway!!!
  • #5,354
  • Apr 21, 2015 12:50am Apr 21, 2015 12:50am
I think I'm wasting my time really pre-Frankie but GBPNZD is top trender and looking strong but no where to go, no head room. Better to wait for it to break this resistance level and retest .....

My thoughts are that pre-market opens are not the place to be better to wait for the money...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM1 but no head room.png Size: 61 KB
Feel the Fear and do it anyway!!!
  • #5,355
  • Apr 21, 2015 12:57am Apr 21, 2015 12:57am
This is more like what I'm looking for, break and retest of a level, its the weekly pivot, a 25 level and previous support at 1.0725 , didn't take it but a good example of waiting for the break and retest...
Attached Image (click to enlarge)
Click to Enlarge Name: Break and retest of level.png Size: 51 KB
Feel the Fear and do it anyway!!!
  • #5,356
  • Apr 21, 2015 1:07am Apr 21, 2015 1:07am
EUR weakness and a nice break and retest of that "Daily Pivot" level not Londons but Australias pivot. Mind you its been working all night so good level for my stop too..

Don't trust Frankie so straight to BE...
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 51 KB
Feel the Fear and do it anyway!!!
  • #5,357
  • Apr 21, 2015 1:12am Apr 21, 2015 1:12am
Nope pipped me out for BE....

But this is looking better with EUR weakness across the board, just don't trust Frankie....
Attached Image (click to enlarge)
Click to Enlarge Name: EUR weak.PNG Size: 77 KB
Feel the Fear and do it anyway!!!
  • #5,358
  • Apr 21, 2015 1:24am Apr 21, 2015 1:24am
Taken it but I don't like it.....
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 51 KB
Feel the Fear and do it anyway!!!
  • #5,359
  • Apr 21, 2015 1:31am Apr 21, 2015 1:31am
Clive - I think there might be a reason why Frankie starts with a capital F
  • #5,360
  • Apr 21, 2015 1:33am Apr 21, 2015 1:33am
Very close to closing this out but other EUR pairs looking weak still so not sure....
Feel the Fear and do it anyway!!!
7 traders viewing now