Trading is as simple as ABCD | Page 293 | 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

  • #5,841
  • May 6, 2015 4:40pm May 6, 2015 4:40pm
Quoting GodFire
{quote} Renko bar size 5 pips: a new bar will be created if the prices moves more than 5 pips in one way Range bars size 5 pips: a new bar will be created if the prices will move 5 pips ---> 2 pips up +3pips dow= new range bar

Ahh so range bars can be different sizes whereas Renkos will always be the set size eg 5 pips if set to 5 pips..

Thanks that makes sense...
Feel the Fear and do it anyway!!!
  • #5,842
  • May 6, 2015 5:08pm May 6, 2015 5:08pm
With renko set to 5 does not mean every candle is 5 pips long. Range bar set to 5 makes every candle 5 pips long. Statt with 8 pip range bars the reason behind it is you said you want a 10 pip stop 1 below to get in and stop 1 pip above high
  • #5,843
  • May 6, 2015 6:43pm May 6, 2015 6:43pm
Quoting GodsClown
Will it fall? {image}

Where I can I download the your indicator?
  • #5,844
  • May 6, 2015 11:25pm May 6, 2015 11:25pm
Quoting GodFire
{quote} Do you have another currency meter than the ttindy? On which tf do you analyse if a currency is weak or strong?
No I don't have another currency meter. Its the TT indi and a visual of the charts I have up. The visual to look for pairs that are also agreeing i.e. above/below the ma's and making hl'lh's.
  • #5,845
  • May 7, 2015 1:56am May 7, 2015 1:56am
General election today here in the UK so not surprisingly GBP weakness across the board...

Attached Image


Lets see if we can get ourselves a GBP sell....
Feel the Fear and do it anyway!!!
  • #5,846
  • May 7, 2015 2:29am May 7, 2015 2:29am
Clive, it's days like today that i'm so happy i found your thread. open charts. look at eur/usd and eur/jpy. both going up and read to be bought. 2 trades, lasting about 2min, 25 pips (actually 24.9pips) for a good account gain. so glad for all your work here friend. -jason
  • #5,847
  • May 7, 2015 2:57am May 7, 2015 2:57am
Quoting bapakjason
Clive, it's days like today that i'm so happy i found your thread. open charts. look at eur/usd and eur/jpy. both going up and read to be bought. 2 trades, lasting about 2min, 25 pips (actually 24.9pips) for a good account gain. so glad for all your work here friend. -jason

Thanks Jason, I'm glad you're finding it useful, you seem to be one of the few who have accepted the simple concept well...

I've just taken this one but had to sweat a bit before it eventually went my way but then thats the beauty of trading the strongest trenders only.. Mediocre entries go your way..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 59 KB
Feel the Fear and do it anyway!!!
  • #5,848
  • May 7, 2015 5:46am May 7, 2015 5:46am
EU
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm1.png Size: 51 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #5,849
  • May 7, 2015 6:44am May 7, 2015 6:44am
Quoting capstone
EU {image}
capstone,
very nice. which ma's are you using? and, are these the only indi's you use? did you draw the s/r level or is that an indi?
thanks- jason
  • #5,850
  • May 7, 2015 6:59am May 7, 2015 6:59am
Quoting LITEchild
{quote} {image} {image}
Hey my friend, sorry I missed you yesterday. Nice one
Low Risk Low Stress High Reward High Probability Trades
  • #5,851
  • May 7, 2015 7:22am May 7, 2015 7:22am
Quoting capstone
EU {image}
Good one Capstone. I took a quick short in the ECA too for 10 pips but closed it as soon as it bounced off the daily open line. I'm standing aside until after the news release.
Attached Image (click to enlarge)
Click to Enlarge Name: ECA Trade 1b - 5072015.gif Size: 58 KB
Low Risk Low Stress High Reward High Probability Trades
  • #5,852
  • May 7, 2015 7:48am May 7, 2015 7:48am
Quoting 919gilead
{quote} Hey my friend, sorry I missed you yesterday. Nice one
  • #5,853
  • May 7, 2015 7:51am May 7, 2015 7:51am
Thanks, good system and good entry points! I guess the system belongs to trading the trends in any timeframe! Trends are our friends! Strong trends are our best friends!
  • #5,854
  • May 7, 2015 7:51am May 7, 2015 7:51am
Quoting LITEchild
{quote}
Low Risk Low Stress High Reward High Probability Trades
  • #5,855
  • May 7, 2015 8:47am May 7, 2015 8:47am
Quoting bapakjason
{quote} capstone, very nice. which ma's are you using? and, are these the only indi's you use? did you draw the s/r level or is that an indi? thanks- jason
MAs are 100 and 40 LWMA. These are the only indies. Sometimes I will use a stoch. Those green lines are the 50s and 00s, created with an indie. The blue lines are self drawn at the 25s. Mongolian, in his Making Money Everyday thread, uses those. Clive likes them too. I have had them on my charts since chatting with Mongolian.

I do look at the TT, but find that many times the top trenders are pairs that have a spread to large for my liking. I have the TT set at a 35 LWMA.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #5,856
  • May 7, 2015 9:01am May 7, 2015 9:01am
Quoting capstone
{quote} MAs are 100 and 40 LWMA. These are the only indies. Sometimes I will use a stoch. Those green lines are the 50s and 00s, created with an indie. The blue lines are self drawn at the 25s. Mongolian, in his Making Money Everyday thread, uses those. Clive likes them too. I have had them on my charts since chatting with Mongolian. I do look at the TT, but find that many times the top trenders are pairs that have a spread to large for my liking. I have the TT set at a 35 LWMA.
interesting seeing the bounces around the BRN and 25# on your chart. clear s/r. i am also still using 100lwma and then a 120hma. not too different from your set up. have also played with cci at 10 (looking for that happy median between 14 and 8).
thanks for your time and chart.
  • #5,857
  • May 7, 2015 10:44am May 7, 2015 10:44am
Quoting bapakjason
{quote} interesting seeing the bounces around the BRN and 25# on your chart. clear s/r. i am also still using 100lwma and then a 120hma. not too different from your set up. have also played with cci at 10 (looking for that happy median between 14 and 8). thanks for your time and chart.
Hi Jason

Yep I know what you mean about using a CCI similar to 14... I've been using the 8 because in a strong trend it still gives signals but I'm aware too many sometimes.

To be honest when we have a strong trend its really about the CCI swinging from pullback direction back with the trend as any swing in momentum back with the trend should be good to go. To that end you can use a 14 and just look for the swings back with trend regardless of whether they go over a 100 level or not.

However I will say when we look back at strong trenders the better runs come from the deeper pullbacks given by the CCI going overbought or oversold. They tend to be better entries with price springing away from our entries and not coming back...allowing us to go to BE safely...

best entries I've found are break and retests especially of 25 levels and multiples thereof..also support and resistance particularly where its built up a bit of a level, once its broken price will invariably retest and go like a rocket never to return, well not for 5 minutes anyway..
Feel the Fear and do it anyway!!!
  • #5,858
  • May 7, 2015 10:47am May 7, 2015 10:47am
Quoting hao.deng
Thanks, good system and good entry points! I guess the system belongs to trading the trends in any timeframe! Trends are our friends! Strong trends are our best friends!

You got it my friend....

Indicators, price action, S and R ,CCI signals, break and retests all work fairly reliably in strong trends....about 70% I reckon..

Just beware the trend does come to an end...
Feel the Fear and do it anyway!!!
  • #5,859
  • May 7, 2015 10:50am May 7, 2015 10:50am
Quoting 919gilead
{quote} Good one Capstone. I took a quick short in the ECA too for 10 pips but closed it as soon as it bounced off the daily open line. I'm standing aside until after the news release. {image}
Nice one George...

Whats that little indy on the right showing the 3 higher timeframes candle setups???

Looks useful....
Feel the Fear and do it anyway!!!
  • #5,860
  • May 7, 2015 10:56am May 7, 2015 10:56am
Quoting capstone
EU {image}

Nice one Cappers...

Talking about break and retests of 25 levels theres some great examples in your chart, look at the earlier one around 1.1375 where support biult up as price couldn't break down then all of a sudden it does and retests beautifully..

Then theres your entry off of 1.1350 great entry and trade, plus the 1.1350 was a great break and retest on the way up too..

these are the sort of entries we should be looking for all the time as give us a nice tight stop behind them and they spring away lovely too....
Feel the Fear and do it anyway!!!
5 traders viewing now