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Trading is as simple as ABCD

  • #5,901
  • May 11, 2015 1:39am May 11, 2015 1:39am
Clive,

Thanks for the help!


Quoting clivepackham
{quote} 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...
  • #5,902
  • May 11, 2015 1:44am May 11, 2015 1:44am
Another top trender break and retest but not this time a BE trade here in the end...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 68 KB
Feel the Fear and do it anyway!!!
  • #5,903
  • May 11, 2015 1:52am May 11, 2015 1:52am
Typical Frankie open with GBP weakness and EUR strength confusing the whole issue....

Attached Image (click to enlarge)
Click to Enlarge Name: typical Frankie GBP weak EUR strength...PNG Size: 82 KB


No clear direction so lets see if London can straighten it all out for us...
Feel the Fear and do it anyway!!!
  • #5,904
  • May 11, 2015 1:55am May 11, 2015 1:55am
I like the look of this chart but its completely the wrong time with LO about to kick off and its right under a BRN 134.00 so gonna leave it alone but it looks oh so tempting...
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 52 KB
Feel the Fear and do it anyway!!!
  • #5,905
  • May 11, 2015 2:00am May 11, 2015 2:00am
It broke 134.00 retested it so I hit it and grabbed another 15 pips ...
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 51 KB
Feel the Fear and do it anyway!!!
  • #5,906
  • May 11, 2015 2:08am May 11, 2015 2:08am
Its looking like EUR strength is going to win out today so quite keen to trade EURJPY but I'm in no rush to give back my 22 pips so far...

Attached Image


Gonna wait for a pullback to BRN with a bit of luck...
Feel the Fear and do it anyway!!!
  • #5,907
  • May 11, 2015 2:10am May 11, 2015 2:10am
This pullback on top trender EURJPY might be worth a go especially if it gets back to 134.00..
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 57 KB
Feel the Fear and do it anyway!!!
  • #5,908
  • May 11, 2015 2:23am May 11, 2015 2:23am
Picture perfect entry for my system, look at the level , look at the EUR strength across the board, and the perfect CCI signal leading you in, picture perfect....

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 44 KB


But it didn't work......
Feel the Fear and do it anyway!!!
  • #5,909
  • May 11, 2015 2:29am May 11, 2015 2:29am
Quoting clivepackham
Picture perfect entry for my system, look at the level , look at the EUR strength across the board, and the perfect CCI signal leading you in, picture perfect.... {image} But it didn't work......

Interestingly first 2 CCI signals after the reversal worked perfectly and the third was a great signal but didn't result in a winner just a BE ...

Attached Image (click to enlarge)
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Looks like the first two signals are the way to go...

So have we a EUR reversal on our hands now?????

Time for a cuppa and a rethink.....
Feel the Fear and do it anyway!!!
  • #5,910
  • May 11, 2015 2:48am May 11, 2015 2:48am
Top trender GBPNZD...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 60 KB
Feel the Fear and do it anyway!!!
  • #5,911
  • May 11, 2015 2:56am May 11, 2015 2:56am
Took another 18 pips there in less than 2 mins so I'm up 40 pips today just taking my orphans which equates to 40% for me and not a single loser today...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 61 KB


Missed my perfect entry as walked my little girl to school , first CCI after reversal definitely the best and it was a top trender by the way...
Feel the Fear and do it anyway!!!
  • #5,912
  • May 11, 2015 3:00am May 11, 2015 3:00am
And off we go again...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 60 KB
Feel the Fear and do it anyway!!!
  • #5,913
  • May 11, 2015 3:04am May 11, 2015 3:04am
Took another 20 pips there ....so 60 pips up for the day and no losers.....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 60 KB


Gotta get some work done now but thats enough for today....
Feel the Fear and do it anyway!!!
  • #5,914
  • May 11, 2015 3:51am May 11, 2015 3:51am
Quoting clivepackham
Took another 20 pips there ....so 60 pips up for the day and no losers..... {image} Gotta get some work done now but thats enough for today....
if you average 1/2 this many pips per day, you can easily live from trading.
how are you deciding when to close? how are you actually closing? opening the trade and manually hitting the 'close' trade button when price falters?
  • #5,915
  • May 11, 2015 4:12am May 11, 2015 4:12am
Quoting bapakjason
{quote} if you average 1/2 this many pips per day, you can easily live from trading. how are you deciding when to close? how are you actually closing? opening the trade and manually hitting the 'close' trade button when price falters?
Hi Jason

Yep thats exactly it I watch the price moving through the tick chart with the trade box open and the close button there so as soon as I decide enough is enough I'm out...

I'm watching the tick chart for ABCD's to continue with HHHL's etc soon as it takes one out , I'm out...

Just taking the impulse move and as soon as it looks like its faltering I bank..

Gonna do this for the week and see how it goes, the thing to remember is I'm trading strong trenders, I know I harp on about this all the time but I wander if other people are getting this or not???? Strong trenders tend to keep going the way you're trading and they also tend to leap forward in leaps and bounds , so I don't expect 3 or 4 pippers, thats for the guys who just like trading one currency like EURUSD so end up trading it when its not really moving.

The secret of trading is to follow the trend and even better if its a strong trend....

Thats all this is about jump on a strong trend get to BE very quickly again, because its a strong trender it should move away from your entry quickly and if it doesn't we want out...

Just trade these strong movers around market opens when the money is coming to the table, pure and simple, nothing complicated..

Is price moving up??? Then I'll wait for a pullback and buy it...Is price moving down then I'll wait for a pullback and sell it..

Its so simple its ridiculous.....

Its as simple as ABCD......
Feel the Fear and do it anyway!!!
  • #5,916
  • May 11, 2015 4:28am May 11, 2015 4:28am
HI Clive,

Thanks for sharing your system. I have been developping a very similar system. What I am still playing with is the Moving Average. It feels like taking trades only when the price is on the right side of the MA eliminates some whipsaws for me. What is your reasoning behind using the HMA ?

The exit is also an issue that I haven't worked out yet entirely. Good trades should always go in your favor quickly so I agree a very aggressive SL (I think 1ATR is good) is the way to go. If they turn then either the trend is reversing or we get another chance. As for profit taking, what I am thinking about is using Heikin Ashi charts and placing stops below swing lows. Especially when the bars start ranging after a first move up I think I want to move it just below that range.

GL
  • #5,917
  • May 11, 2015 4:40am May 11, 2015 4:40am
Quoting bapakjason
{quote} if you average 1/2 this many pips per day, you can easily live from trading.....

This many pips per day Jason??

Thats just one session and about an hours trading, if I have another successful NYO session I'm hoping to get 100 pips per day...

one thing I will do later tonight when I get home is checkout what happened to my trades after I closed them??

Will be interesting to see how they would of worked out holding on the 120HMA???

Might be better to bank half hold half, time will tell..
Feel the Fear and do it anyway!!!
  • #5,918
  • May 11, 2015 4:51am May 11, 2015 4:51am
Quoting clivepackham
{quote} This many pips per day Jason?? Thats just one session and about an hours trading, if I have another successful NYO session I'm hoping to get 100 pips per day... one thing I will do later tonight when I get home is checkout what happened to my trades after I closed them?? Will be interesting to see how they would of worked out holding on the 120HMA??? Might be better to bank half hold half, time will tell..
60 pips for a morning like we have had today is outstanding trading Clive. Brilliant stuff.

Its interest rates and MPC statement today so perhaps not the best day to see what happened afterwards.
  • #5,919
  • May 11, 2015 5:01am May 11, 2015 5:01am
Quoting Vantage
{quote} 60 pips for a morning like we have had today is outstanding trading Clive. Brilliant stuff. Its interest rates and MPC statement today so perhaps not the best day to see what happened afterwards.
Thanks Mr V always good to hear your thoughts...

Last week I would probably done a lot less with maybe a couple of BE's instead of winners, which of course is making all the difference. I'm liking this just trade the impulse move eg the ABCD on its own without any thoughts for the trend...Remember it would work in all types of days, rangy ones and trending ones too, so keen to stick with it at the mo..

But you know me, I'm gonna check out things later to see if any improvements can be made..

the biggest thing for me now is getting those first 2 or 3 trades in a move, once I've mastered that then we can see which exit strategy works the best...This is key I'm sure to this strategy being truly successful rather than just another fly in the night that works one day but not the next...

keep in touch Mr V I think things are going to start getting interesting around here...
Feel the Fear and do it anyway!!!
  • #5,920
  • May 11, 2015 5:48am May 11, 2015 5:48am
Quoting clivepackham
{quote} 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...
if those are real range bars it is actual price oh well tried to help
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