Trading is as simple as ABCD | Page 299 | 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

  • #5,961
  • May 12, 2015 12:37pm May 12, 2015 12:37pm
Quoting pres78
Let me offer another little tidbit of an idea I am playing with at the moment which WILL become part of my trade plan for this method when it is done... Take a look at your CCI 8. Take a look at the best entries, the ones that if you took an entry would paid well as they had a nice move after the CCI retrace. Most of the best AAA+ entries all spent very little time on the retrace side of 0. Some of the absolute best entries come off 3-4 bars of CCI retrace with one or two spiking the +100 or -100 before heading back above 0. Now look at what EURAUD...

yep makes sense doesn't it that the trend pressure is so much that the price just pops its head up against the trend and gets quickly hammered straight back down with the trend, the downward pressure is just too much for it.. So these quick pullbacks are the best to take but also if I look at the best CCI turns they are the ones when they stay the right side of the 120HMA again denoting huge downwards pressure to keep the trend going, soon as price crosses the 120HMA the pressures off..

I'd take any CCI signal under the red 120hma and buy any CCI signals above the 120HMA, strong trends by definition as they are above or below their 120HMA...

In fact CCI swings work under these conditions...

Will post a chart later but must dash gotta pick my boy up...

Catch you later..
Feel the Fear and do it anyway!!!
  • #5,962
  • May 12, 2015 3:08pm May 12, 2015 3:08pm
Quoting henryloving
{quote} It would be good to have a alarm for HMA slope change. Maybe we should limit the pairs to trade and have tile window to watch all these pairs. need coder/programmer to weigh in if this idea can convince them
Hi henry

The HMA we have has got an alert on it, its even got a "warning mode" which I think tells you its about to change...

Just set alert mode to 1...
Feel the Fear and do it anyway!!!
  • #5,963
  • May 12, 2015 6:43pm May 12, 2015 6:43pm
Quoting TheFly
{quote} In order to catch the first signals, I have my set up like this: I open the TTindy with the top 8 charts, so I have 8 charts painted red or green. Then I minimise these charts and I open 8 new charts, with the pairs that have the max. ADR (for me: EUR/CAD, EUR/JPY, EUR/AUD, EUR/NZD and GBP/CAD, GBP/JPY, EUR/AUD GBP/NZD). This way I am able to monitor their behavior constantly through the day. (When a pair makes is to top 8, the color of the chart changes from white to green or red.) A lot of times, the pairs that are not showed in the top...
try Mr T's Global Udine Buy/Sell script from Simple as Possible 00 Level thread. Can adjust % risk by SL.
  • #5,964
  • May 12, 2015 8:48pm May 12, 2015 8:48pm
Quoting pres78
Let me offer another little tidbit of an idea I am playing with at the moment which WILL become part of my trade plan for this method when it is done... Take a look at your CCI 8. Take a look at the best entries, the ones that if you took an entry would paid well as they had a nice move after the CCI retrace. Most of the best AAA+ entries all spent very little time on the retrace side of 0. Some of the absolute best entries come off 3-4 bars of CCI retrace with one or two spiking the +100 or -100 before heading back above 0. Now look at what EURAUD...
Don't stay in the shadows too long. Nothing but good info you're giving.
  • #5,965
  • May 12, 2015 9:02pm May 12, 2015 9:02pm
anyone know of any stats of the ab=cd pattern vs the alt-ab=cd pattern?
  • #5,966
  • May 12, 2015 10:59pm May 12, 2015 10:59pm
Interesting strategy, thanks for sharing.
I give it some thought according my trading style which is basically support/resistance trading on daily charts with some occasional entries on 1h.
I usually enter when B is crossed. Entering on C seems more profitable.
kill the noise
  • #5,967
  • May 13, 2015 12:13am May 13, 2015 12:13am
Quoting b.shelton
anyone know of any stats of the ab=cd pattern vs the alt-ab=cd pattern?
Post # 4241 & 4234. And: http://thepatternsite.com/PatternReview5.html
thanks to Dee50
  • #5,968
  • May 13, 2015 12:35am May 13, 2015 12:35am
Interesting day for the news releases can expect some interesting pre and post news trades maybe, China news just caused a bit of a flutter on AUD and NZD pairs so gotta be very aware of all these news relaeses. Anyone got a good news release warning indy/EA that they would recommend??

Attached Image (click to enlarge)
Click to Enlarge Name: Big news day.PNG Size: 71 KB


Bit like walking on glass today....tread warily...
Feel the Fear and do it anyway!!!
  • #5,969
  • May 13, 2015 1:13am May 13, 2015 1:13am
Quoting clivepackham
Interesting day for the news releases can expect some interesting pre and post news trades maybe, China news just caused a bit of a flutter on AUD and NZD pairs so gotta be very aware of all these news relaeses. Anyone got a good news release warning indy/EA that they would recommend?? {image} Bit like walking on glass today....tread warily...
i keep this one on a panel with currency strength meter, TTindi, and a profit/%/pip tracker. its like one panel for info. then i trade panels that just have indi's denoting price action,etc.
Attached File(s)
File Type: ex4 FFCal-WUKAR.ex4   50 KB | 265 downloads
File Type: mq4 FFCal-WUKAR.mq4   49 KB | 317 downloads
  • #5,970
  • May 13, 2015 2:26am May 13, 2015 2:26am
Just want to post this as a perfect reversal setup and how to spot them...

 

  1. GBPNZD was a strong trender down so watching it when it crosses 120HMA so all sell trades are off the table, now looking for a possible reversal setup.
  2. Price crosses over 120HMA
  3. So doing it takes out the last LH from the preceding down trend.
  4. Now we're looking for a HL CCI signal to follow our new HH to complete the confirmation of the new uptrend.
  5. Enter on the HL CCI signal as per normal Buy Stop 2 pips above signal candle marked by arrow...
  6. Get to BE with in 3 minutes or GTFO...


Attached Image (click to enlarge)
Click to Enlarge Name: perfect reversal setup.png Size: 71 KB


Gone nearly 50 pips now so Job done......

EDIT: I know there will be traders saying, but the 120HMA was n't green when you took it but we need to remember all our indicators are a "visual" guide the actual price action and market structure is what we're actually trading....Its the price action and market structure that pulls the 120HMA up and turns it green...
Feel the Fear and do it anyway!!!
  • #5,971
  • May 13, 2015 2:54am May 13, 2015 2:54am
Quick one before the news first CCI...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 62 KB
Feel the Fear and do it anyway!!!
  • #5,972
  • May 13, 2015 2:59am May 13, 2015 2:59am
Gave it my statutory 3 mins to go but it didn't so hooked out 7 pips , looks like its going down but kept flicking about so GTFO....
Feel the Fear and do it anyway!!!
  • #5,973
  • May 13, 2015 3:04am May 13, 2015 3:04am
Breakout!!! but don't trust em, but its the only time I'll do one nowadays if its built a little floor of resistance like it has here at 2.1150 , then its worth a bash but get to BE very quickly on breakouts as I just don't trust em.....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 49 KB
Feel the Fear and do it anyway!!!
  • #5,974
  • May 13, 2015 3:11am May 13, 2015 3:11am
Another super example of our reversal setup, nice strong trend down broken by the price crossing our 120HMA strongly, thats the key a strong break of the 120HMA takes out last LH's again. Then it has one more go at going lower and we're ready to buy the resulting CCI buy signal...

Lovely jubberly....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfm1.png Size: 60 KB


Unfortuntely I can't trade CHF pairs as spread is fixed at 9 ...

Hold on..... No its not, just looking at the chart as I type and I see its at 2.8 WOW great news that means when I open my "live" account with DMMFX I'll be able to trade CHF pairs,

AWesome!!!!

can't wait....
Feel the Fear and do it anyway!!!
  • #5,975
  • May 13, 2015 3:19am May 13, 2015 3:19am
Look what happened to my breakout trade, only trouble was I wasn't on it, got too cautious and stopped me out for BE before dropping nearly 50 pips..

Attached Image (click to enlarge)
Click to Enlarge Name: Only time to trade a breakout trade.png Size: 71 KB


These are the only times I'd use a breakout trade, gotta be in the top 4 trenders for sure and when it biulds a nice little level like this one at 2.1150 then its worth a go. Nearly always results in this type of move right away from the breakout leaving a clear space...

Really important though to see that build up of pressure before placing your sell stop 2 pips below, maybe 5 as if it goes its gonna go with a thump...

Unlike me place a 10 pip stop and let it either give you a winner or lose 10 pips trying....
Feel the Fear and do it anyway!!!
  • #5,976
  • May 13, 2015 3:27am May 13, 2015 3:27am
News in 5 so time for my morning cuppa....

Will have a look after the news see if we get some GBP strength or weakness after the news....
Feel the Fear and do it anyway!!!
  • #5,977
  • May 13, 2015 3:37am May 13, 2015 3:37am
Ok heres the GBP news release, now what do you make of that??? One positive , one negative and one bang on expectations???

Attached Image (click to enlarge)
Click to Enlarge Name: gbp news release.PNG Size: 9 KB


Should we be buying or selling GBP pairs now????

Don't know what to do for the best????

Well i'll let you in on a little secret, it doesn't matter diddly dot what you or I think about that news release does it???

We're not going to move the market one way or the other so why bother trying to work it out??

Just sit back and relax for 10 minutes have a cup of tea and see who comes to the top, then jump on board....
Feel the Fear and do it anyway!!!
  • #5,978
  • May 13, 2015 3:46am May 13, 2015 3:46am
Oh dear finished my tea a bit too quickly and jumped in a bit early...lost myself 16 pips here , just too keen to trade my new CHF pairs...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfm1.png Size: 53 KB


Never mind I'm sure I'll get it back somewhere from these GBP pairs strengthening across the board...
Feel the Fear and do it anyway!!!
  • #5,979
  • May 13, 2015 3:55am May 13, 2015 3:55am
GBP strength across the board and heres the entry I should of taken if I'd of waited for the pullback and the CCI to go oversold...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfm1.png Size: 59 KB


Never mind will do better next time...

Looking for a GBP pair to trade now for a nice post news trade..
Feel the Fear and do it anyway!!!
  • #5,980
  • May 13, 2015 3:56am May 13, 2015 3:56am
Hi Clive
Good to see that you are still making progress been a while since I posted. here's the point.
I have a live account with DMMFXAU same reason as you for the fixed spreads.
I don't think you trade in the late evenings but if you do you have to be cautious on a Thursday evening when they do there swap.
trying to get a fill then when the slipage is horrendous will give your account a shock and not a pleasant one at that.
I think it happens around 10 oclock our time, I am not sure but you can find out from there live chat which is realy quite good.
Still banging away making a few shillings here and there.
All the best
6 traders viewing now