Attachments: Trading is as simple as ABCD

Trading is as simple as ABCD

#5,881
May 10, 2015 6:25am May 10, 2015 6:25am

dingdong99
Joined Oct 2014 | Status: Relax, Enjoy Time | 944 Posts

Quoting clivepackham

Disliked

{quote} To bank your profits and make money from your morning....and I think I know where you're coming from, everyday you can make money banking whenever you're up and it falters even on rangy days, however it has to be a trending day to make money from a holding philosophy. Whereas grabbing orphans makes money on both types of days, the only difference is on a day like to day the moves might come from the same pair eg GBPJPY as it keeps moving HHHL...Just trade each ABCD move as a stand alone move forget about the trend.. Just trade each ABCD...

Ignored

Hi, Clive ....
Thank you for CCI ....
I'm making a comparison to my input in the Dash that was I created a little different with the Original. I added a Fibo level ...
Dash Original is the idea of GVC ...

CCI of you seen more clearly to indicate the trend has ended, and not ended ....
Thank .....
Regard ....

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Regard, Ding Dong

#5,882
May 10, 2015 8:13am May 10, 2015 8:13am

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

Quoting clivepackham

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{quote} Hi Kobie Thanks for your comments and yes I am coming to the same conclusion as you..........This is the way I will trade all of next week to see how it works out, the most important thing is to absolutely forget holding, this is to retrain my mindset from a holder to a folder... Orphans watch out Daddies coming to get you......

Ignored

Heres a couple of charts showing exactly what I'm after all next week...Just the simple ABCD just after the 120HMA turns take first two CCI signals only.....

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Heres another example the one I actually traded last Friday taking 60 pips from it...

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Look for a strong AB move to cross the 120HMA taking out the last LH in the previous downtrend, then look for the next two CCI buy signals...

I've used a Fib extension tool here to identify the 100% extension or the AB=CD rule and notice how it coincides with the BRN 186.00 , when that happens its gotta be your maximium target..

I didn't trade it like that by the way as I banked everytime it faltered so had 3 or 4 smaller ones but got 60 pips before giving a stupid one back by trading the third CCI signal in the move and gave back 13 pips for my trouble. Just reconfirms doesn't it, first 2 CCI signals only in the move for higher probability trades...

Heres the last chart I want to show you and this time its just after the Tokyo open so even Asia can have fun with this strategy. We have a first 3 CCI signals all good to go and nice signals but even after that there are some good winning entries, especially the ones that come off of the moving average, by the way thats the 150HMA which I'm thinking of using for my charts as offers nice support to the moves.

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But the big thing to note here is that the later signals were still above or close to the moving average plus preceded by strong AB moves so confirming the trend is still going strong..Thats the deciding thing for me, I want to see a strong AB move if I'm gonna take the BC move... But in all these entries get to BE quickly don't mess about they will either go or come back and give you another entry...

Never worry about going to BE too quickly, look at the moves that work, within 3 minutes they've gone and left your entry far behind, if they don't we want out....

So going forward....

Time of day absolutely crucial, just after market opens.
Look for a strong trender, just after the turn..look for a strong AB move crossing the 120HMA.
Look for first 2 CCI signals only..
Any signals after that must be close or above/below 120HMA..
Trade each ABCD move as a stand alone trade...exiting at D when price falters..

Feel very close now to having my trading system firmly in place so will see how this week goes and if profitable will look to deposit about 250 in a live account to see how it goes. So to emulate that will trade this week on my demo with a start balance of $250 same as the cash amount I will shortly be trading live with and see how it goes.

Lets see what I've got at the end of the week???

Feel the Fear and do it anyway!!!

#5,883
May 10, 2015 9:17am May 10, 2015 9:17am

bapakjason
| Joined Apr 2014 | Status: Trader | 1,900 Posts

150hma . . Interesting. This is why I've kept the 100lwma along with the 120hma, because a lot of pullbacks will go through the 120hma (even though it stays the same color and you keep trending) but I like to see HOW FAR it pulls back in relation to the 100lwma. 150hma may be able to get one of these of my chart.

#5,884
May 10, 2015 9:18am May 10, 2015 9:18am

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

Something else thats becoming painfully obvious as I was looking back through all these LO, NYO and Tokyo opens is that there quite often will be a weakness or strength across the board and then the currency pairs move very similarly, take the Tokyo open on 8th May when there was obviously some GBP strength across the board...

Have a look at these GBP pairs just after the Tokyo open denoted by the brown vertical line...

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GBPAUD and GBPNZD were disrupted a bit by a news release so we wouldn't be trading those but the others look good to go, don't they??

I bet the TTindy was all GBP pairs, don't you??? So like Mr V. has been saying for a very long time now, when theres strength or weakness in one currency at market opens definitely worth a look...and dare I say it??? Hold those entries????

Last thing to look at whilst we have all these great looking pairs up, look how the price stays firmly one side of the 150HMA so another clue there and a rule maybe if you like rules to trade by. Only take the CCI signals when price is above the HMA for buys and below for sells.. Notice also how the entries close to the HMA really fly??

Well there you go, more food for thought but all in all this is coming together very nicely.....

Watch out for the next post I'm thinking about putting some rules together for this strategy just for those guys that like rules....

Feel the Fear and do it anyway!!!

#5,885
May 10, 2015 10:41am May 10, 2015 10:41am

harry23
| Joined Apr 2012 | Status: Trader | 365 Posts

Hi,
Could anybody help me? Downloaded the TTindy but chart does not bring up the TrendCCI. What did I do wrong?

Thanks!

#5,886
Edited 12:54pm May 10, 2015 11:11am | Edited 12:54pm

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

I bet clive if you put on tick range bars it would smoothe things out

#5,887
May 10, 2015 2:50pm May 10, 2015 2:50pm

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

Quoting Divergence

Disliked

I bet clive if you put on tick range bars it would smoothe things out

Ignored

Have you got such an indicator that I could try????

Feel the Fear and do it anyway!!!

#5,888
May 10, 2015 2:58pm May 10, 2015 2:58pm

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

Type in range bar in ff search

#5,889
May 10, 2015 3:51pm May 10, 2015 3:51pm

harry23
| Joined Apr 2012 | Status: Trader | 365 Posts

Quoting harry23

Disliked

Hi, Could anybody help me? Downloaded the TTindy but chart does not bring up the TrendCCI. What did I do wrong? Thanks!

Ignored

nobody?

#5,890
May 10, 2015 3:53pm May 10, 2015 3:53pm

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

Quoting Divergence

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Type in range bar in ff search

Ignored

You mean like this Harold.....???

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Nahhhh...never work...

Feel the Fear and do it anyway!!!

#5,891
May 10, 2015 4:01pm May 10, 2015 4:01pm

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

Now that looks really good

#5,892
May 10, 2015 4:08pm May 10, 2015 4:08pm

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

Quoting harry23

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{quote} nobody?

Ignored

Hi Harry

Not too sure whats occurring but if you've just downloaded the TTindy on its own as you say then thats just one indicator, to get the CCI you're have to download the CCI indicator.. The TTindy is just the top left corner indy showing top eight trending pairs.

The CCI is the first indy window....You're find all the indicators I use dotted around the thread a bit but the bulk of them are here on page 80 ... http://www.forexfactory.com/showthre...29#post7757229

The TTindy should be version #top 28 trenders all brokers_vA.1.3 and needs the HMA_v2 and the AllAverages_v3.3 in the same folder in the indicators folder.

Heres my latest templates I'm using right now..

I'm getting quite tired of posting the same old stuff, I know I tweak em a bit here and there but the basic system is the same with some nice modifications by GodsClown on the TTindy with some automated chart opening...

Read through the thread last sort of 50 pages and it will all become clear...

Good luck..

Attached File(s)

#top 28 trenders all brokers_vA.1.3.ex4 53 KB | 402 downloads

AllAverages_v3.3.ex4 87 KB | 382 downloads

HMA_v2.ex4 15 KB | 420 downloads

Master 1 min.tpl 253 KB | 464 downloads

Default.tpl 263 KB | 388 downloads

Clive's Histogram CCI.ex4 16 KB | 442 downloads

Feel the Fear and do it anyway!!!

#5,893
May 10, 2015 4:32pm May 10, 2015 4:32pm

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

Quoting Divergence

Disliked

Now that looks really good

Ignored

heres the EA if anyone wants to use it, plus I add a Heiken ashi indy to the chart too and you have to tick the Allow DLL inputs on the EA then open an offline chart...

I'll upload the template I just posted too..

I must admit I've been tempted to trade these charts in the past the old Harenkos and just drop it on strong trending charts from the TTindy but maybe the 5 min column and see what develops...It makes sense to use range bars on strong trending pairs as the ABCD moves stick out like sore thumbs.

Just trade the CCI signals as they setup buying when the HMA is green and selling when the HMA is red...Entry is 2 pips above the first coloured range bar back with the trend after a CCI signal..

First few after the colour change look good plus the early two arrows are just when colour changes back with the trend from red to green...

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Simple simple stuff, when price turns back with the trend enter... It ain't rocket science guys...

Attached File(s)

Range bar trading.tpl 198 KB | 364 downloads

Range bars EA new format 1.ex4 20 KB | 379 downloads

Feel the Fear and do it anyway!!!

#5,894
May 10, 2015 4:52pm May 10, 2015 4:52pm

pres78
Joined Sep 2010 | Status: I'm not here... or am I? | 4,000 Posts

Quoting clivepackham

Disliked

{quote} heres the EA if anyone wants to use it, plus I add a Heiken ashi indy to the chart too and you have to tick the Allow DLL inputs on the EA then open an offline chart... I'll upload the template I just posted too.. I must admit I've been tempted to trade these charts in the past the old Harenkos and just drop it on strong trending charts from the TTindy but maybe the 5 min column and see what develops...It makes sense to use range bars on strong trending pairs as the ABCD moves stick out like sore thumbs. Just trade the CCI signals as they...

Ignored

Why do those range bars not all seem to be the same range?

Today's zone = Tomorrow's opportunity!

#5,895
May 10, 2015 4:57pm May 10, 2015 4:57pm

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

Quoting pres78

Disliked

{quote} Why do those range bars not all seem to be the same range?

Ignored

I've overlaid the Heiken Ashi candles so maybe its the way they interact???

Not too sure about this whole offline chart trading to be honest as they look great afterwards but hard to trade as you go I think???

Gonna stick to my one minute candles but its an interesting concept strong trenders plus range bars/Renko charts etc...

I'm off to bed, nice early start tomoz see if I can have a profitable week...

Feel the Fear and do it anyway!!!

#5,896
May 10, 2015 8:09pm May 10, 2015 8:09pm

Divergence
Joined Jul 2010 | Status: Trader | 9,189 Posts

Why use 1 minute bars when range bars are so clear for entry

#5,897
May 11, 2015 1:21am May 11, 2015 1:21am

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

Quoting Divergence

Disliked

Why use 1 minute bars when range bars are so clear for entry

Ignored

Guess I've spent the last 3 years watching 1 minute candles so have developed a sense of awareness about their movements etc plus I like looking at the actual price...

But I hear what you say and will run some range bar charts alongside my 1 mins and see how they compare...

Hard to teach an old dog new tricks I guess...