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Trading is as simple as ABCD

  • #6,181
  • May 20, 2015 9:01pm May 20, 2015 9:01pm
OK Clive, now you have written it down systematically and completely and we will hold you to it hehe.

______________________________________________________________________________________

I just wanted to post a chart of one of my full trades today on EURCAD. All perfectly by my rules except that I was distracted by a GBPCHF long and got in this one about 2 pips late, but I set the final TP at 14 instead of 12.5 and a bit above a pivot line. (The other trade went to my first TP @ 8.5 pips then reversed to my stop at BE +1.) But the trades where price leads the 120 are the best.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.PNG Size: 83 KB
  • #6,182
  • May 21, 2015 1:40am May 21, 2015 1:40am
Quoting coral
OK Clive, now you have written it down systematically and completely and we will hold you to it hehe. ______________________________________________________________________________________ I just wanted to post a chart of one of my full trades today on EURCAD. All perfectly by my rules except that I was distracted by a GBPCHF long and got in this one about 2 pips late, but I set the final TP at 14 instead of 12.5 and a bit above a pivot line. (The other trade went to my first TP @ 8.5 pips then reversed to my stop at BE +1.) But the trades where...

Ha Ha please feel free to chastise me anytime you see me break a rule....

It will help enormously and keep me on track. I think thats why I posted it to be honest. for myself to make sure I follow my own rules. Mind you its not hard to follow 90% of them as the TTindy doesn't let me look at anything else other than top trenders and once you're trading strong trends, it all falls into place quite naturally...

There was a great setup this morning on EURUSD see chart below, break of range and retest then down it went, but it was smack in the middle of Frankies hour so I didn't take it. Now this is where you have to say, OK it worked this time but I don't care 7 times out of 10 it won't durring Frankies hour so don't take em. These trades that work when you break the rules are the worst thing that can happen to you because then you start taking them all and guess what?? Yep 7 losers on the trot...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 52 KB


So I'm sitting here feeling pretty smug at the moment , not because I missed an entry but that I stood by my rules and trust me thats a rare thing...

Good start to the day lets see if I stick to it throughout the morning session..????
Feel the Fear and do it anyway!!!
  • #6,183
  • May 21, 2015 1:43am May 21, 2015 1:43am
Quoting clivepackham
{quote}These trades that work when you break the rules are the worst thing that can happen to you
  • #6,184
  • May 21, 2015 1:45am May 21, 2015 1:45am
Someone up theres having fun with me this morning, testing my resolve, another nice setup on top trender GBPNZD...

But NOPE!!!! I'm not falling for it this morning Frankies not catching me today....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 59 KB
Feel the Fear and do it anyway!!!
  • #6,185
  • May 21, 2015 1:49am May 21, 2015 1:49am
Quoting Vantage
{quote}

Thanks Mr V. but its not easy is it, to walk away????

But its just gotta be done....Rules are rules...
Feel the Fear and do it anyway!!!
  • #6,186
  • May 21, 2015 1:56am May 21, 2015 1:56am
GBPNZD you can setup as beautifully as you like I'm not falling for it today, get ye behind me Satan......

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 60 KB
Feel the Fear and do it anyway!!!
  • #6,187
  • May 21, 2015 2:07am May 21, 2015 2:07am
That Satan's got a funny sense of humour thats for sure....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 66 KB
Feel the Fear and do it anyway!!!
  • #6,188
  • May 21, 2015 2:08am May 21, 2015 2:08am
Quoting clivepackham
{quote} Thanks Mr V. but its not easy is it, to walk away???? But its just gotta be done....Rules are rules...
If it was easy every would do it and be rich too. Someone said around FF trading is the hardest way to make an easy living.

Whilst I'm here might as well add my 2c. I am so dead against the scalping idea that its not true. Perhaps there is a place for it but definitely not with the aud and nzd crosses and for that matter jpy and cad crosses WHEN there is strength/weakness across the board. If you have say gbp featuring in 4/5/6 of top 8 positions and getting in at the start of a run please feel free to take me out back and beat the sh1t out of me if I ever post a 10 pip trade. Observant readers might notice one word that is kinda important here.
  • #6,189
  • May 21, 2015 2:26am May 21, 2015 2:26am
Quoting Vantage
{quote} If it was easy every would do it and be rich too. .................. Observant readers might notice one word that is kinda important here.

Was it "sh1t" spelt wrongly????

Sorry Mr V. couldn't help myself, yep hear what you're saying thats why I left the door open for holding by banking half and holding half, but me personally I'm gonna be concentrating on each ABCD move as a standalone, but at end of day will have a look to see if I'd of been better off holding half...

Will be interesting to see how it works out as I still look for the strength/weakness across the board as a factor whether I'm Orphan hugging or not...I will also record the TTindy at the time to see how it all stacks up..

Yep thats gonna be interesting for sure as my actual goal is to get bigger winners just like yourself Mr V but finding it very frustrating at the moment getting in getting safe but then getting nothing...

Anyway too much posting and not enough trading as we have some nice EUR strength right now...

Attached Image


Back to my charts...
Feel the Fear and do it anyway!!!
  • #6,190
  • May 21, 2015 2:30am May 21, 2015 2:30am
Actually one last generic post before I start trading seriously this morning...

The news releases today are a bit of a nightmare and quite difficult to tip toe around, didn't mention the news in my rules post but obviously as 1 minute traders we have to be very careful around news releases as they can hurt...

Attached Image (click to enlarge)
Click to Enlarge Name: news today.PNG Size: 52 KB


Its all looking a bit busy for the next couple of hours so will have to tread carefully today.....Tip toe through the tulips....
Feel the Fear and do it anyway!!!
  • #6,191
  • May 21, 2015 3:38am May 21, 2015 3:38am
Hi Clive.
What's the setings on your HMA?
  • #6,192
  • May 21, 2015 3:39am May 21, 2015 3:39am
First trade of the day today and I'm not going to mess about in between these News releases especially as they are EUR related so took a quick 11.7 pips out of this top trender EURCAD ,

Attached Image (click to enlarge)
Click to Enlarge Name: eurcadm1.png Size: 55 KB


Lets check rules quickly...

 

  1. Time of day =OK
  2. Strong Trender top 3 = OK
  3. With 5 min trend = OK
  4. Strength across the board = OK
  5. First two CCI signal after HMA turn = OK
  6. At a key Level to get stop behind = OK
  7. Buy wave botttom CCI oversold or sold wave top CCI overbought = OK
  8. Entry tight 2 pips above correct signal candle = OK
  9. Moved to BE within 5 minutes or GTFO = OK
  10. Exit at D as price falters or bank half at D and Hold​

Ok I'm happy with all those apart from maybe my exit as I actually closed at B not D, but then thats where the first test will come, if I'd use my 2 bar trail would of done better..or used the AB=CD exit as would of been nearer 40 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: AB=CD exit works fine.png Size: 58 KB


All in all happy will just think about exits a bit more but at least I got 11.6 pips from the trade..
Feel the Fear and do it anyway!!!
  • #6,193
  • May 21, 2015 4:02am May 21, 2015 4:02am
Very encouraged by my rules based entries today , haven't really traded due to the news releases dotted about but theres been some great entries according to my rules...

Have a look at GBPNZD this morning after Satans had his joke in Frankies Hour it was fine...

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


There was plenty of GBP strength too..

Attached Image


As these two GBP charts bear out ...

GBPAUD

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 53 KB


and GBPJPY

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 50 KB


Look how well they traded under my new rules price nicely above the 150HMA etc etc...

All bodes well for the future....
Feel the Fear and do it anyway!!!
  • #6,194
  • May 21, 2015 4:11am May 21, 2015 4:11am
Quoting Pipglutton
Hi Clive. What's the setings on your HMA?
Using 150HMA for 1 min chart and 150 x 5 =750 as 5 min HMA ...Just find price stays one side of it better than the 120HMA..

Hope that helps....
Feel the Fear and do it anyway!!!
  • #6,195
  • May 21, 2015 4:55am May 21, 2015 4:55am
Looks like a great day for holding today have a look at these GBP pairs that were in my top trenders earlier but I was very cautious today as too many news releases around for my liking..

I've got a little indy under going trials which puts an arrow on every time the CCI signals an entry just look how good thos entries are especially the earlier ones in the move, like we keep saying first 2 or 3 signals after the turn are the best...

This signaling indy is going to be part of the finished ea where it will follow my rules as outlined above, if you apply them to these arrowed entries as a filter its looking pretty good as is the bank half hold half argument until the 150HMA turns over. Now considering were also in a strong hourly move with these GBP pairs perhaps we should hold on the 5 min HMA???

Bank half hold half suits me better as then it will mean profits on days when they don't run but to be honest something runs nearly every day now as long as you follow the TTindy you've half a chance of finding them..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcadm1.png Size: 57 KB
Click to Enlarge Name: GBPAUDM1.png Size: 53 KB
Feel the Fear and do it anyway!!!
  • #6,196
  • May 21, 2015 5:35am May 21, 2015 5:35am
An incredible morning as these GBP pairs just keep pushing up and up... I haven't traded them hardly at all as the news releases prevented me earlier and then my rules after that which won't let me take later trades under the 150HMA . As I'd missed the early CCI entries I didn't take the later ones..

Oh well rules are rules I guess and there will be 10 times more days where they pay off. Thing is if I had of caught the first 2 CCI signals and holding on the 150HMA I would be pretty pleased with myself...

Next time theres GBP strength or whatever currency it is I must try to get some early entries bank half and hold half just in case....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 48 KB


Wrong time of day now to take any more trades so will wait for NYO and see what happens there..
Feel the Fear and do it anyway!!!
  • #6,197
  • May 21, 2015 5:37am May 21, 2015 5:37am
Quoting clivepackham
Looks like a great day for holding today have a look at these GBP pairs that were in my top trenders earlier but I was very cautious today as too many news releases around for my liking.. I've got a little indy under going trials which puts an arrow on every time the CCI signals an entry just look how good thos entries are especially the earlier ones in the move, like we keep saying first 2 or 3 signals after the turn are the best... This signaling indy is going to be part of the finished ea where it will follow my rules as outlined above, if you...
hi there clive..
been reading your thread since yesterday..

got a few question, just to make sure..
1. you use HMA 150 now, right??
2. what is another MA on your picture above??
3. what CCI setting you use, is it 8 or 14? cos i read on few pages back, you've used 14 but recently it's 8 on your picture.
4. we don't use lv 100 & -100 on CCI as the signal anymore??

thanks in advance.

best regards, tomiko
"If you run, you'll only die tired." - Sniper's philosophy
  • #6,198
  • May 21, 2015 5:42am May 21, 2015 5:42am
Quoting clivepackham
{quote} Using 150HMA for 1 min chart and 150 x 5 =750 as 5 min HMA ...Just find price stays one side of it better than the 120HMA.. Hope that helps....
Hello Clive,
I'm new here but went thru all the thread, cause your method looks interesting to me. Usally I was using only harmonics, but your set of indy's is good as well:-)
Please, explain your settings for HMA - is it a file called "HMA_v2"?...
How are you using HMA in TTI indy?
Maybe I did'nt notice an explanation, so please name the page or link...
Thanks:-)
  • #6,199
  • May 21, 2015 7:40am May 21, 2015 7:40am
Quoting clivepackham
{quote} Using 150HMA for 1 min chart and 150 x 5 =750 as 5 min HMA ...Just find price stays one side of it better than the 120HMA.. Hope that helps....
Thanx a ton Clive.
Got 54 pips from GBPAUD this morning. This was more good fortune for being in a trade in the right direction when an announcement was made than my trading skills.
Great feeling to see your gain jump from 14.8 pips to 56!!
Pieter
  • #6,200
  • May 21, 2015 8:00am May 21, 2015 8:00am
Quoting Pipglutton
{quote} Thanx a ton Clive. Got 54 pips from GBPAUD this morning. This was more good fortune for being in a trade in the right direction when an announcement was made than my trading skills. Great feeling to see your gain jump from 14.8 pips to 56!! Pieter
Interestingly enough though you were following "The Money" from the big boys and why do you think they were buying GBP before the news??? Its not so much luck Pieter, as just following the money, its all we can do as we certainly can't make the market..

This whole strategy is about following the money as it comes to the market and thats exactly what you were doing this morning so not so much luck as good trading.

I'm realising that this strategy holds up best around market opens so is a very important first filter to have in place...Time of day is crucial...

As are the other rules that will lead us to daily profits with a bit of luck..
Feel the Fear and do it anyway!!!
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