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Trading is as simple as ABCD

  • #5,641
  • Apr 28, 2015 4:04am Apr 28, 2015 4:04am
Quoting Vantage
{quote} Hi Clive I'll carry on banging the same drum. If you have entered a trade and then you start seeing more and more of the right currency featuring in TT (say 4 or more) i.e. strength/weakness across the board, then your expectations for the move should be bigger.
Yep I hear you Mr V. and couldn't agree more but I also think. How can we predict these runners?? I'm just thinking look at the hrly top trenders and see how we go...Not looking for loads of small ones any more, although I will do that when I'm sitting around waiting for the hrly setups, do a bit of Orphan hugging to keep me amused.

Anyway caught these two Hrly strong up trenders earlier by buying that spike down just like the Big Boys do....

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Lets hope they go up from here for the rest of the day, will try and add as I go ....
Feel the Fear and do it anyway!!!
  • #5,642
  • Apr 28, 2015 4:08am Apr 28, 2015 4:08am
Just added there and I must admit it does feel nice to be trading in direction of the hrly strong trend, just feels nice.....

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If this all goes to plan it could be the start of something special.....
Feel the Fear and do it anyway!!!
  • #5,643
  • Apr 28, 2015 4:20am Apr 28, 2015 4:20am
Did anyone buy this other hrly top trender??? Soon as its 120HMA turns back up with its hrly trend hit those first 2 CCI signals and see what sticks???

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Heres the Hrly setup great signal 2nd CCI signal on hrly could of been an awesome entry..

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Hmmm this has got me thinking....
Feel the Fear and do it anyway!!!
  • #5,644
  • Apr 28, 2015 4:25am Apr 28, 2015 4:25am
Quoting clivepackham
{quote} Yep I hear you Mr V. and couldn't agree more but I also think. How can we predict these runners?? I'm just thinking look at the hrly top trenders and see how we go...Not looking for loads of small ones any more, although I will do that when I'm sitting around waiting for the hrly setups, do a bit of Orphan hugging to keep me amused. Anyway caught these two Hrly strong up trenders earlier by buying that spike down just like the Big Boys do.... {image} {image} Lets hope they go up from here for the rest of the day, will try and add as I...
If you do your top down analysis you can often come right but thats a different story.

I don't think its a question of predicting the runners. The pairs we focus on mainly are the usual suspects that come to the top of TT and have good ranges. You enter based on normal rules and lets say you are up (pick a number) +15 but now gbp has 5 of top 8 up from 2 in top 8 when you entered, you can look to hold a little longer.

I do apply a simple test, lets say nzd is strong against eur and gbp but gbp is weak across several pairs. Then I'd rather look at selling gbpnzd than eurnzd. Doesn't always follow through of course and sometimes strength/weakness changes and you have to try and ditch one and jump on another (which also doesn't always work).

All that is doing is using the info from the TT indi to gauge strength/weakness across the board, if more and more pairs are coming up on TT that feature your chosen trade after entry (in the above example it would be gbp showing as weak or nzd showing strong) then you'd be looking for a bigger trade. NB thats after entry. If they feature heavily on TT before entry then that makes decision to hold a little clearer from the outset.
  • #5,645
  • Apr 28, 2015 4:41am Apr 28, 2015 4:41am
Quoting clivepackham
Did anyone buy this other hrly top trender??? Soon as its 120HMA turns back up with its hrly trend hit those first 2 CCI signals and see what sticks??? {image} Heres the Hrly setup great signal 2nd CCI signal on hrly could of been an awesome entry.. {image} Hmmm this has got me thinking....
Since yesterday evening, I only trade the top trenders from M5 and wait on a singnal on the M1 chart. So far this morning only 1 BE and AUDJPY +15 pips (still going) USDCAD +10pips (still going) and EURAUD +5pips (still going). I think it's much safer to trade those pairs.

BTW sry I can't post any charts I am very busy at work.
  • #5,646
  • Apr 28, 2015 4:44am Apr 28, 2015 4:44am
Well its working today on these two charts over 100 pips up in total so at 1% per pip that would be a nice result...100% in about an hour

Both strong hrly trenders but am I a bit late to the ball as these hrly pairs have been trending up for sometime. The best entries would of course be the first 2 hrly CCI signals after the hrly 120HMA turns up...in a strong trending daily pair, now you're talking...

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This has the makings of the ultimate trading strategy find strong trending daily pairs, when the hrly 120HMA turns in direction of the daily, wait for first 2 Hrly CCI signals then drop down to 1 minute chart , probably around market opens as the money comes to the table. Then when the 1 minute 120HMA turns same way enter on next 2 CCI signasls. See what sticks and hold on the daily trend.(120HMA turn?

Hmmm thats kinda making me think....
Feel the Fear and do it anyway!!!
  • #5,647
  • Apr 28, 2015 4:46am Apr 28, 2015 4:46am
Should I bank thesde now for 150 pips??? At a very serious level here for sure....
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Feel the Fear and do it anyway!!!
  • #5,648
  • Apr 28, 2015 4:53am Apr 28, 2015 4:53am
Banked the lot for 187 pips......Not a bad days work and if I'd traded at 1% per pip which I'm thinking about going back to then thats 182% in about an hour..


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Not too shabby....
Feel the Fear and do it anyway!!!
  • #5,649
  • Apr 28, 2015 4:59am Apr 28, 2015 4:59am
Quoting clivepackham
Banked the lot for 187 pips......Not a bad days work and if I'd traded at 1% per pip which I'm thinking about going back to then thats 182% in about an hour.. {image} {image} Not too shabby....
  • #5,650
  • Apr 28, 2015 5:02am Apr 28, 2015 5:02am
Quoting GodFire
{quote}

Thanks Godfire, just did what the Big Boys do when they get a news spike against the trend they see it as an opportunity to get back in the trend at a discount...

Just following the money, thats all we can do....follow that Goddam money....
Feel the Fear and do it anyway!!!
  • #5,651
  • Apr 28, 2015 5:07am Apr 28, 2015 5:07am
Quoting clivepackham
Banked the lot for 187 pips......Not a bad days work and if I'd traded at 1% per pip which I'm thinking about going back to then thats 182% in about an hour.. {image} {image} Not too shabby....
One percent per pip is some serious leverage Clive, be careful.
If you are good at something, never do it for free--Joker
  • #5,652
  • Apr 28, 2015 5:10am Apr 28, 2015 5:10am
Break and retest of two nice 25 levels so jump back on and hold for the day now....

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Thats what I like about 1 minute trading you can bank your money and then wait for the next pullback and jump back on again....
Feel the Fear and do it anyway!!!
  • #5,653
  • Apr 28, 2015 5:32am Apr 28, 2015 5:32am
Heres a plan for you, looking at this daily top trender down EURUSD ,looks like the daily CCI is nicely overbought just how we like em in a nice downtrender...

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Once it signals on daily CCI how about dropping down to the hrly chart and waiting for 120HMA to turn over like last time and start heading back down...


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Then drop down to our 1 min chart and when the 120HMA turns over take first 2 CCI signals, get em to BE and see what sticks???

Just a thought....
Feel the Fear and do it anyway!!!
  • #5,654
  • Apr 28, 2015 5:56am Apr 28, 2015 5:56am
GBPJPY is now giving us our sell signal but as its the typical pre NYO fake out I'll not be trading it ....

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But this is a typical sell situation, when we've had a nice move up this morning typically NYO takes it against trend for a bit then it comes back with a vengence back in LO direction, but more importantly back in the direction of our hrly top trender...

Wrong time of day to be taking any new trades so will just see if I can get these two I've got on to survive the forth coming NYO...
Feel the Fear and do it anyway!!!
  • #5,655
  • Apr 28, 2015 5:56am Apr 28, 2015 5:56am
Quoting clivepackham
Heres a plan for you, looking at this daily top trender down EURUSD ,looks like the daily CCI is nicely overbought just how we like em in a nice downtrender... {image} Once it signals on daily CCI how about dropping down to the hrly chart and waiting for 120HMA to turn over like last time and start heading back down... {image} Then drop down to our 1 min chart and when the 120HMA turns over take first 2 CCI signals, get em to BE and see what sticks??? Just a thought....
What about the HL at the bottom though? If this were a 1M chart, would you sell after a HL?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #5,656
  • Apr 28, 2015 6:03am Apr 28, 2015 6:03am
Quoting clivepackham
GBPJPY is now giving us our sell signal but as its the typical pre NYO fake out I'll not be trading it ....
I took it for 4.3 pips. Price is between the 120 and the 100 however. This is when I get unsure. CCI signals in both directions and price ranges for awhile until the bulls or bears take control. This is a tough pair for me anyways because of a spread of 3.2 to 4.2 normally.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #5,657
  • Apr 28, 2015 6:06am Apr 28, 2015 6:06am
nope they were making LLs and LHs there so rathet than let it go I banked another 30 odd pips there from those two. See theres no point in just believing somethings going up because the hrly is, still need to stay focussed on the 1 min market structure and it looked threatened and struggling to make new highs so jus banked it..

Another thing is if it starts to go back up again then just jump back on...

Lastly as Mr V. regularly tells me we can expect a swing against the LO trend from NYO until it gets in full swing and then comes back again so will be keeping an eye out for the next swing up, after NYO probably after the early news release...
Feel the Fear and do it anyway!!!
  • #5,658
  • Apr 28, 2015 6:19am Apr 28, 2015 6:19am
Quoting capstone
{quote} What about the HL at the bottom though? If this were a 1M chart, would you sell after a HL?

Great piont and of course this what makes the market, a different piont of view...

Yes I saw that but I'm also aware the Daily has been coming down hard for quite a while so the question is??? Is this a correction or the start of a full blown reversal as you're suggesting with the HL observation...

The only thing I'll say is the daily CCI is overbought in a predominantly downward moving market, so I feel quite safe taking a pop at it if the hrly turns over and then I'l risk my 10-20 pips when my 1 min 120HMA is sloping down. All about a low risk entry that might hold on a higher timeframe move... But if it doesn't so what probably a couple of BE's at worst 20 pips gone trying...

So to conclude as long as we're entering and managing our risk correctly then the outcome is not important is it??? Like Mark Douglas says, we don't know where the markets going all we can do is trade with an edge. My edge is if we're right and the down trend continues we're hopefully make hundreds of pips and if we're wrong lose 20 max...

Thats all tradings about, managing risk, being right or wrong has nothing to do with it.... Small losers big winners, thats all its about,...

Thats why I'm continually pursuing these bigger runners, if we can crack that then with our small risk entry system, with've got ourselves an enormous edge...

So to answer your question yep that HL could be the start of the full blown reversal and in fact price is above our Daily 120HMA so every chance of going up from here but then the hrly won't turn down will it...so we won'rt even look at our 1 min chart...
Feel the Fear and do it anyway!!!
  • #5,659
  • Apr 28, 2015 6:31am Apr 28, 2015 6:31am
This is looking like a higher timeframe ABCD move taking place I will be very interested in a HH now and then look to buy the next HL if it happens....

Might have to wait until after NYO and news release....

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Its very interesting but I don't feel the mad urge to trade every 5 minutes like I normally do... Waiting for these hrly setups might be the way forward for me, lot more relaxing and of course we're trading with the Big Boys because apparently they enter on hrly signals in direction of daily trends,

Or so I'm told....
Feel the Fear and do it anyway!!!
  • #5,660
  • Apr 28, 2015 6:56am Apr 28, 2015 6:56am
Theres that HH I wanted and the following CCI buy signal was a HL so in we go...

Just saw price getting squeezed so pulled my PO right down tight and it popped me straight in and to BE in same candle, love those entries...
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Feel the Fear and do it anyway!!!
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