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Trading is as simple as ABCD

  • #5,701
  • Apr 30, 2015 5:22am Apr 30, 2015 5:22am
Just looking at this EURJPY possible HRLY setup, we can see the first AB move of 200 pips this morning and now we've got the inevitable profit taking going on, but where's it going this afternoon????


Attached Image (click to enlarge)
Click to Enlarge Name: ABCD on hrly chart.png Size: 69 KB



Simple AB = CD scenario would suggest there maybe another 200 pips going begging this afternoon if it turns back up..

Of course we don't know that but heres the beauty of this little system, wait for the 120HMA on our 1 minute to turn up and give it a go.. Take first 2 CCI signals and hold on the HRLY 120HMA and Orphan hug the rest. Don't forget to go to BE very quickly to get your risk off the table within 5 minutes.

Small risk for a potential high reward trade if our HRLY ABCD plays out...

I'll be giving it a go if it turns up, lets see how it goes???
Feel the Fear and do it anyway!!!
  • #5,702
  • Apr 30, 2015 5:30am Apr 30, 2015 5:30am
This could be the move back with the trend ,Waiting for my pullback....
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 70 KB
Feel the Fear and do it anyway!!!
  • #5,703
  • Apr 30, 2015 5:33am Apr 30, 2015 5:33am
Might be a bit early but a nice break and retest of that 183.25 level on GBPJPY looked a bit to inviting for me to resist....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 59 KB
Feel the Fear and do it anyway!!!
  • #5,704
  • Apr 30, 2015 6:17am Apr 30, 2015 6:17am
Look at this nice LL LH EURUSD in M5. Exactly the same setup in EURJPY.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD5m.png Size: 80 KB


Now I´ll wait for the first CCI pullback in M1

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD1m.png Size: 79 KB
  • #5,705
  • Apr 30, 2015 6:49am Apr 30, 2015 6:49am
And nop, turn Up again, Think I´m change to Hrly mode riht now!
  • #5,706
  • Apr 30, 2015 7:12am Apr 30, 2015 7:12am
in AN, second CCI signal, hidden div.
Attached Image (click to enlarge)
Click to Enlarge Name: AN-4-30-NY.PNG Size: 65 KB
  • #5,707
  • Apr 30, 2015 7:13am Apr 30, 2015 7:13am
Follow the Hrly concept I move the risk out of the table right now, lets see were it take us.

Edit. BE, will try again with the next CCI pullback.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 83 KB
  • #5,708
  • Apr 30, 2015 9:55am Apr 30, 2015 9:55am
Quoting Trinquete
Follow the Hrly concept I move the risk out of the table right now, lets see were it take us. Edit. BE, will try again with the next CCI pullback. {image}
Hi guys

I'm having the same trouble I went into GBPJPY quite early and it went about 20 pips up, now considering I was using 1% per pip that was a nice trade, but we're holding for the HRLY CD leg so unfortunately knocked off at BE..

I think this is going to happen quite a lot with us trying to establish some trades on the HRLY trend . We will suffer BE after BE but I'm thinking why not take off half on first push and leave half to run at BE. Then if we're stopped out, as I'm sure we will quite a lot then at least in my case I've banked 10% and if it does run then do the same thing on 2nd CCI signal and then you've banked a whole position and have a whole position running...

This way when it doesn't run we've made money and when it does run we're laughing all the way to the bank..
Feel the Fear and do it anyway!!!
  • #5,709
  • Apr 30, 2015 11:00am Apr 30, 2015 11:00am
Clive help me out here.....been busy with work and lost touch a little

i have indicators downloaded into mt4

are you using 2 templates?
1 with ttindy settings for hourly and another for m1?

To make it easy could you explain again what you do with hourly and maybe post the templates?

Ive a good idea of chart layout but its the hma and ttindy setings and step by step process so yes a step by step expkain be good with templates if possible
  • #5,710
  • Apr 30, 2015 11:22am Apr 30, 2015 11:22am
Quoting devontrader
Clive help me out here.....been busy with work and lost touch a little i have indicators downloaded into mt4 are you using 2 templates? 1 with ttindy settings for hourly and another for m1? To make it easy could you explain again what you do with hourly and maybe post the templates? Ive a good idea of chart layout but its the hma and ttindy setings and step by step process so yes a step by step expkain be good with templates if possible

Jason my dear friend you are having a joke?? Aren't you???

its all posted here mate step by step template by template chart by chart, I've even called setups before they occur then traded them "live" I don't know what else I can do mate....

You have a good read through this thread over last couple of weeks then trade it on demo and see how you get on, I can't spoon feed you Jason, you have to do some of the work for yourself mate...

Its all here in black and white....
Feel the Fear and do it anyway!!!
  • #5,711
  • Apr 30, 2015 11:36am Apr 30, 2015 11:36am
Quoting clivepackham
{quote} Hi guys I'm having the same trouble I went into GBPJPY quite early and it went about 20 pips up, now considering I was using 1% per pip that was a nice trade, but we're holding for the HRLY CD leg so unfortunately knocked off at BE.. I think this is going to happen quite a lot with us trying to establish some trades on the HRLY trend . We will suffer BE after BE but I'm thinking why not take off half on first push and leave half to run at BE. Then if we're stopped out, as I'm sure we will quite a lot then at least in my case I've banked...
Really like the idea of taking 1/2 off. Going to do it manually or is there an ea that can close 50% at x number of pips?
  • #5,712
  • Apr 30, 2015 11:40am Apr 30, 2015 11:40am
Quoting bapakjason
{quote} Really like the idea of taking 1/2 off. Going to do it manually or is there an ea that can close 50% at x number of pips?
Actually, I posted a partial close trailing stop here awhile back, but haven't been able to get it working properly . . .
  • #5,713
  • Apr 30, 2015 2:01pm Apr 30, 2015 2:01pm
Quoting clivepackham
Ok had some success today trading higher timeframe top trenders on my 1 minute charts, made 228 pips in total so thought I'd just explain what I did.. The idea is simple find a strong trending higher time frame pair say 5 min, 15min or even HRLY then when the 120HMA on the 1 minute chart turns your way take the first 2 CCI signals and hold until the 120HMA reverses again or you hit a solid resistance/support level.. So how do we get the charts up?? Simple we put the higher timeframe you want to trade on the TF1 setting and the 1 min on the TF2 setting,...
ok clive...finally found the key info
  • #5,714
  • Apr 30, 2015 3:02pm Apr 30, 2015 3:02pm
Quoting devontrader
{quote} ok clive...finally found the key info

Well done Jason...

Seriously its all here I've been over it so many times its ridiculous, its pretty simple but just needs to be traded to learn more as watching price action is also key to making it work.. Just practice whenever you can but especially around LO or NYO..

One thing that I will recommend to you or anyone else trying this 1 minute trading out is to try to enter on break and retests, they are by far the most successful trades I take, very often getting a lovely reaction and taking me to BE in the same candle..

Break and retest of key areas in particular 25 levels. If you get a CCI signal on a 25 level they usually work pretty well or a break and retest of previous highs in uptrends and lows in downtrends..

I'm here to help anyone and everyone wherever I can but its also important to help yourself too, you're learn so much more discovering it yourself rather than me holding your hand all the way..

Anyway what you gonna do when I'm a multi millionaire and not posting on FF anymore???
Feel the Fear and do it anyway!!!
  • #5,715
  • Apr 30, 2015 3:05pm Apr 30, 2015 3:05pm
Quoting clivepackham
{quote} Well done Jason... Seriously its all here I've been over it so many times its ridiculous, its pretty simple but just needs to be traded to learn more as watching price action is also key to making it work.. Just practice whenever you can but especially around LO or NYO.. One thing that I will recommend to you or anyone else trying this 1 minute trading out is to try to enter on break and retests, they are by far the most successful trades I take, very often getting a lovely reaction and taking me to BE in the same candle.. Break...
ive already worked that one out

1 of 2 things

camp on your door step and beg for handouts
or 2

just mug ya lol
  • #5,716
  • May 1, 2015 12:56am May 1, 2015 12:56am
JPY weakness so always worth a look at GBPJPY as its the London Open...and again its a break and retest of the Asian session's range...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 49 KB
Feel the Fear and do it anyway!!!
  • #5,717
  • May 1, 2015 1:03am May 1, 2015 1:03am
Trailing my stop by 5 pips see what happens, but I much prefer a candle trail, but just can't get my trailing exit EA working...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 47 KB
Feel the Fear and do it anyway!!!
  • #5,718
  • May 1, 2015 1:05am May 1, 2015 1:05am
Got 11.3 out of that move...
Feel the Fear and do it anyway!!!
  • #5,719
  • May 1, 2015 1:40am May 1, 2015 1:40am
Typical Frankie open all over the place so not interested in this sort of situation.. To trade anything in Frankies hour I want to see an HRLY top trender going back with its HRLY trend. Anything else is just a waste of time.

Very much concentrating on the period just after the LO to see who comes to the top then, especially if its back with the HRLY trend....

Another thing I'm running with today is putting the HRLY CCI on my 1 min chart so I can see whats happening on the HRLY. I'm looking for the pullback against the HRLY trend, same old argument buy the bottom of the hrly wave in an uptrend so if I see say GBPJPY or EURJPY go oversold on the hrly CCI I'm looking for the next turn up on my 120HMA...

Remember?? Buy wave bottoms, so any turn up on the 1 min 120HMA whilst the HRLY is oversold must be worth a go..

I'm using a 480 CCI for my HRLY as its 8 x 60 = 480....
Feel the Fear and do it anyway!!!
  • #5,720
  • May 1, 2015 1:43am May 1, 2015 1:43am
Just realised most of Europe has a bank holiday today so adds to the Frankie lack of direction...

No real money you see, so no direction...
Feel the Fear and do it anyway!!!
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