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Trading is as simple as ABCD

  • #6,041
  • May 14, 2015 6:13am May 14, 2015 6:13am
Hey clive my friend until you are ready to fully commit to following a rule based trading plan with your setup dont you dare use real money
  • #6,042
  • May 14, 2015 6:25am May 14, 2015 6:25am
...and Clive,
trading with demo is easy....but when you start feeling the pain with real money and you don't have a plan you're done....

Quoting jmn5611
{quote} Clive, I mentioned this earlier and you decided not to comment on it, so I was waiting on the eventual outcome. My brother, you must change your money management! This type of risk will crush you if you were using real money. You could blow out in a single week! If you are treating this demo account like real money. I will say again, one percent a pip is much too high! I'm pulling for you Clive.
  • #6,043
  • May 14, 2015 6:32am May 14, 2015 6:32am
Quoting Divergence
Hey clive my friend until you are ready to fully commit to following a rule based trading plan with your setup dont you dare use real money
Great advice Harold and don't worry I have no intention of trading with real money until I'm making money everyday, day after day on my demo, which by then I will have firm rules in place I promise you. This whole process over the last year has been to do exactly that, find what works for me, form my trading plan and rules, then stick to it.

Just not quite there yet, not 100% confident I could make money everyday right now But I'm getting there , just like that Guided missile I'm making adjustment after adjustment until I get there. I'm on well on my way to that BIG BANG!!!!

Then I'll be using real money each and everyday!!!!
Feel the Fear and do it anyway!!!
  • #6,044
  • May 14, 2015 6:34am May 14, 2015 6:34am
Quoting harry23
...and Clive, trading with demo is easy....but when you start feeling the pain with real money and you don't have a plan you're done.... {quote}
Yep makes sense Harry, which is precisely why I'm still here trading demo at the moment, as I haven't completed my trading plan yet or decided on my rules, but I'm getting there.....
Feel the Fear and do it anyway!!!
  • #6,045
  • May 14, 2015 6:58am May 14, 2015 6:58am
ATTENTION EVERYBODY 11AM The Drag Queen (Draghi) speaks......(EUR)


Quoting clivepackham
{quote} Great advice Harold and don't worry I have no intention of trading with real money until I'm making money everyday, day after day on my demo, which by then I will have firm rules in place I promise you. This whole process over the last year has been to do exactly that, find what works for me, form my trading plan and rules, then stick to it. Just not quite there yet, not 100% confident I could make money everyday right now But I'm getting there , just like that Guided missile I'm making adjustment after adjustment until I get there. I'm...
  • #6,046
  • Edited 7:17am May 14, 2015 7:06am | Edited 7:17am
Heres my way of coming up with trading rules. First i have a strategy which you have. Second i backtest the strat for at least 1 yr most times more. And threw the backtest if adjustments are needed i then make them and redo backtest till i have achieved a system for entry and exit and the optimal time to move to B E. Targets are needed otherwise the emotions will kick in. Once all these facets are in place and backtest is done i look at results and if they can make me money i then am ready to trade live. some say backtesting is irrelivant my opinion is we learn from past so we wont make same mistake. I have been at this for 14 yrs and it has served me well otherwise I wouldn't be posting because I would have no more money. this is a business its all about making money
  • #6,047
  • May 14, 2015 7:29am May 14, 2015 7:29am
Here we go:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 40 KB



Quoting harry23
ATTENTION EVERYBODY 11AM The Drag Queen (Draghi) speaks......(EUR) {quote}
  • #6,048
  • May 14, 2015 7:45am May 14, 2015 7:45am
Quoting harry23
Here we go: {image} {quote}
that seems like a dangerous time to jump in as usd trade . . .
very close to red news . . .
  • #6,049
  • May 14, 2015 8:36am May 14, 2015 8:36am
wondering if this will keep dropping . . . ?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD cci ex.png Size: 80 KB
  • #6,050
  • May 14, 2015 8:39am May 14, 2015 8:39am
Just trading the charts.....not the news


Quoting bapakjason
{quote} that seems like a dangerous time to jump in as usd trade . . . very close to red news . . .
  • #6,051
  • May 14, 2015 8:39am May 14, 2015 8:39am
Look whoose top of both TTindys and have we got ourselves some runners or not???


Attached Image


Don't these look nice with the 5 min 120HMA on them....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 68 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM1.png Size: 61 KB


Attached Image (click to enlarge)
Click to Enlarge Name: euraudm1.png Size: 59 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 63 KB


Hmmm could be something in it I suppose...
Feel the Fear and do it anyway!!!
  • #6,052
  • May 14, 2015 8:42am May 14, 2015 8:42am
Quoting harry23
Just trading the charts.....not the news {quote}

Trouble is Harry the news will trade you...
Feel the Fear and do it anyway!!!
  • #6,053
  • May 14, 2015 8:46am May 14, 2015 8:46am
Quoting bapakjason
wondering if this will keep dropping . . . ? {image}
closed it as it faltered and began to pull back
  • #6,054
  • Edited 9:44am May 14, 2015 9:16am | Edited 9:44am
Quoting clivepackham
Look whoose top of both TTindys and have we got ourselves some runners or not??? {image} Don't these look nice with the 5 min 120HMA on them.... {image} {image} {image} {image} Hmmm could be something in it I suppose...
What settings are your TTindy at? for my readings are way off from what is in this post.

how come it has taken over 26min for moderator to approve my questions?
  • #6,055
  • May 14, 2015 9:21am May 14, 2015 9:21am
Quoting clivepackham
{quote} Thanks another great saying from another awesome chap, our own Mr V. yep that is by far the best place to get in which of course is the first CCI signal after crossing the 120HMA.. Lets just repeat that for everyone else... "The first retracement is the best trade, the first HL in an uptrend and the first LH in a downtrend" Best we never forget that......
Hi Clive, what is the first CCI signal mean after crossing the 120HMA... also what is a HMA? two questions, thanks for reply
  • #6,056
  • May 14, 2015 9:23am May 14, 2015 9:23am
The signal and the noise.......

Quoting clivepackham
{quote} Trouble is Harry the news will trade you...
  • #6,057
  • May 14, 2015 9:25am May 14, 2015 9:25am
Waiting for Mr. Draghi......


Quoting harry23
The signal and the noise....... {quote}
  • #6,058
  • May 14, 2015 9:43am May 14, 2015 9:43am
Hi clivepackham,
Thank you so much for sharing you trading system and ideas. Would it be possible to tell me how profitable your system is and for example how many pips you've made since the beginning of this thread.
Best
TimeRider
  • #6,059
  • May 14, 2015 10:03am May 14, 2015 10:03am
[quote=Coasty;8262915]{quote} What settings are your TTindy at? for my readings are way off from what is in this post.

Good day Clive, say i am trying to setup chart to look like yours and follow the conversion at hand.... i found that #8 makes a HMA, and what is the H stand for? never seen this used before.
The settings are price is 0;
HMA 120
pct filter 0
color mode 1
color bars back 1

alert mode 0
warning mode 0

does zero mean off and 1 means on?

The second question is the TTindy readings are way off from your secreen shot. what are the name of the indy exactly and the settings to get 120HMA.

i tried one of your templates in older posts and it left me with different readings as yours today....

What is a CCI signal? never used this indy in all my days, but would like to be on the same page as you and others in the forum.....Thank you for your reply
  • #6,060
  • May 14, 2015 10:18am May 14, 2015 10:18am
Coasty,

H=Hull (Investopedia) or Google, set-up is ok. CCI you have to Load extra look about 10 pages down...Clive posted it.


Quoting Coasty
Quoting Coasty
{quote} What settings are your TTindy at? for my readings are way off from what is in this post. Good day Clive, say i am trying to setup chart to look like yours and follow the conversion at hand.... i found that #8 makes a HMA, and what is the H stand for? never seen this used before. The settings are price is 0; HMA 120 pct filter 0 color mode 1 color bars back 1 alert mode 0 warning mode 0 does zero mean off and 1 means on? The second question is the TTindy readings are way off from your secreen shot. what are the name
...
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