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Trading is as simple as ABCD

  • #6,261
  • May 26, 2015 8:01am May 26, 2015 8:01am
Unlikely bedfellows, but hey, I'll take whatever is on the table....
This little arrow was on the money. Pity I got in way too early!
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled10.png Size: 64 KB
  • #6,262
  • May 26, 2015 8:05am May 26, 2015 8:05am
Quoting Vantage
{quote} I took post down as I don't have the two ma's loaded and wondering if thats causing an issue. Will check.
Hi Vantage.
I have the HMA150 and the HMA750 running. It does seem to be a bit better now. (see chart above)
  • #6,263
  • May 26, 2015 9:07am May 26, 2015 9:07am
Been very busy at work this morning but did mange one trade actually two side by side on gbpjpy this morning which earnt me 31.5 pips and that was that maybe thats the way forward?? one trade per session...

I've taken the arrows indy off as slowed my platform down so much that i tried to close my above trade at 50 pips profit but it took so long only got 31.5. I'm using FXCM at the moment and keep getting messages like "invalid prices" and such like not letting me close out... Talkes about half a dozen goes to close?? Does anyone else get this problem with FXCM???? Seems to happen to me all the time...

Never happened on DMMFX will switch back I think...

Mr V . I'm not convinced that arrow indy is working very well at the moment but I found it useful looking back at charts to illustrate how we should wait for CCI to go overbought or sold for the best signals...As it clearly demonstrates the strong trenders give us some great signals, anything not trending and the signals are hit and miss...

Same old thing for me look for strong trenders and all the price action and indys work fine 70% of the time and thats a good enough edge for me...

No access to charts at mo so no trading for me..
Feel the Fear and do it anyway!!!
  • #6,264
  • May 26, 2015 9:11am May 26, 2015 9:11am
Quoting clasgolf
Hi Clive, Another good trade on gbp/jpy and usd/jpy using the ABCD on the charts. Best advice I have ever had. Thanks mate

Hi Glasgolf

thanks for the kind words appreciate it but don't forget the other most important advice, only trade ABCD's in strong trending markets, that is key to the whole strategy, nay that is key to trading full stop.....
Feel the Fear and do it anyway!!!
  • #6,265
  • May 26, 2015 9:14am May 26, 2015 9:14am
Quoting Pipglutton
{quote} Hi Clive. Top right hand corner....... {image}
Ahhh thats not one of my indys I'm afraid so can't help you with that, but if it helps you carry on using it, whatever keeps us on track is good with me...
Feel the Fear and do it anyway!!!
  • #6,266
  • May 26, 2015 9:43am May 26, 2015 9:43am
Quoting clivepackham
Been very busy at work this morning but did mange one trade actually two side by side on gbpjpy this morning which earnt me 31.5 pips and that was that maybe thats the way forward?? one trade per session... I've taken the arrows indy off as slowed my platform down so much that i tried to close my above trade at 50 pips profit but it took so long only got 31.5. I'm using FXCM at the moment and keep getting messages like "invalid prices" and such like not letting me close out... Talkes about half a dozen goes to close?? Does anyone else get this problem...
i've got a demo with fxcm that sometimes gives me the "invalid price" sign too, but seems to work well with EA's that manage the trades.
  • #6,267
  • May 26, 2015 11:37am May 26, 2015 11:37am
Hey Clive,
Thats exactly what I am doing and so far so good...Charlie
clasgolf
  • #6,268
  • May 26, 2015 4:16pm May 26, 2015 4:16pm
Quoting clivepackham
Been very busy at work this morning but did mange one trade actually two side by side on gbpjpy this morning which earnt me 31.5 pips and that was that maybe thats the way forward?? one trade per session... I've taken the arrows indy off as slowed my platform down so much that i tried to close my above trade at 50 pips profit but it took so long only got 31.5. I'm using FXCM at the moment and keep getting messages like "invalid prices" and such like not letting me close out... Talkes about half a dozen goes to close?? Does anyone else get this problem...
the arrow indy slows my machine to a standstill....cant use it im afraid...
  • #6,269
  • May 26, 2015 5:45pm May 26, 2015 5:45pm
Hi all

Help us out with good idears about how to make arrow indicator better.

latest version of the arrow indicator, with trading hours filter and ttindy strength filter. It should not signal buy arrows in a down trend and vice versa ... but definition of trend is the two HMA's. The current logic for the indicator is:

Buy signal (Clive's rules) if all of below happen at the same time:

-HMA fast (150) is sloping up (green)
-HMA slow (500) is sloping up
-HMA fast is above HMA slow
-The entry candle is Green
- CCI 8 is sloping up
- CCI 8 is below -100
- TTIndy strength above TTindyminstrength (50)
- It happens in a trading hour 2 hours after the opens.

Sell signals are opposite.

I'm mainly a software engineer turned trader about a year ago and sofar im loosing steadily with this system, however i belive that can change with your and Clive's help ;-)

Here is a trade i took today, i managed to loose 20pip twice in that forrest of green arrows. - maybe a bit to laite in NY session ... i i had hit any of the previous cluster of arrows

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM1_toptrender_fullloss_again_minus20.png Size: 98 KB
Attached File(s)
File Type: ex4 Clive's Entry Arrows_alfa8.ex4   17 KB | 246 downloads
  • #6,270
  • May 26, 2015 5:47pm May 26, 2015 5:47pm
Quoting Pipglutton
Unlikely bedfellows, but hey, I'll take whatever is on the table.... This little arrow was on the money. Pity I got in way too early! {image}
... right on ! - could you upload/send me a copy of the zigzag indicator you are using ?
  • #6,271
  • May 26, 2015 5:49pm May 26, 2015 5:49pm
Quoting clivepackham
I'm using FXCM at the moment and keep getting messages like "invalid prices" and such like not letting me close out... Talkes about half a dozen goes to close?? Does anyone else get this problem with FXCM???? Seems to happen to me all the time...
Quoting bapakjason
{quote} i've got a demo with fxcm that sometimes gives me the "invalid price" sign too, but seems to work well with EA's that manage the trades.

On FXCM's MT4 platform, an "invalid prices" or "off quotes" message typically means the price that was available in the market to fill your order was outside your specified Maximum Deviation range*. This is designed to protect your account from negative slippage. If you find that you are getting such messages frequently, then consider increasing your Maximum Deviation, particularly if you trade during times when prices can change quickly. Please feel free to reach out to me with any follow up questions either by private message or in the FXCM discussion thread: http://www.forexfactory.com/showthre...37#post8285237

* On the MT4 platforms of some other brokers, the Max Dev feature is unavailable, or if it is available, then it will limit both your negative slippage and your positive slippage equally. By contrast, FXCM enhanced how Max Dev works on our MT4 platform allowing you to limit your negative slippage while still enjoying the full benefits of any positive slippage: http://bit.ly/P6lUzX
  • #6,272
  • May 26, 2015 6:42pm May 26, 2015 6:42pm
Nothing personal jason rogers but trading with fxcm is like getting hit by a train. I have traded with them so i know what i an talking about. I wouldnt trade with them even if they funded the acct.
  • #6,273
  • May 27, 2015 1:11am May 27, 2015 1:11am
Another day starts so just wanted to post the perfect looking charts to trade as we get a lot of signals on this system but you have to remember we're trading with the trend so heres my screen shot right now of the top four trenders, this is what I want to be looking at just after the LO not much good now I'm afraid as before Frankies hour is a nightmare but this is the sort of chart you want to be looking at at the right time of day...

Attached Image (click to enlarge)
Click to Enlarge Name: top 4 charts.PNG Size: 74 KB


Timing is not working for me at the moment so I'm finding myself sitting down in front of my charts at the wrong time of day, trying to fit it in around my work schedule which of course is completely the wrong way to trade and you find yourself taking trades just because you're there at completely the wrong time of day....

Like Tsatsa said above the magical time for us is just after each market open and following the money as it comes to the table...Theres going to be one good move per session and we're trying to catch that so be careful of over trading and trading every little signal, we have to be a bit more choosy than that. To that end I'm keeping my eye on the higher timeframe trend eg the 5 minute and trading the 1 min signals in that direction so I'm experimenting with the 500HMA as the master then waiting for the 1 minute CCI signals to see if I like the look of them.

Are they at key levels, are they HL's or LH's DBs or DTs etc etc when I see one I like I go for it...

I'm thinking this is going to stop me jumping form chart to chart and also will help me catch the sessions bigger moves..

So just watching for the time being to see what Frankie does but waiting for LO and that magical 2 hours just after, thats where we get our reliable signals...

Meanwhile that EURUSD is looking very tempting.....
Feel the Fear and do it anyway!!!
  • #6,274
  • May 27, 2015 1:25am May 27, 2015 1:25am
Not much interesting news today a part from the G7 meetings all day thats bound to give us a few spikes today...

Attached Image (click to enlarge)
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But my charts are still looking nice and tradable with the 500HMA showing us the way.

Attached Image (click to enlarge)
Click to Enlarge Name: still looking good.PNG Size: 76 KB


Seems a lot more relaxed like this and keeps the same charts on my top 4 so giving me a chance to identify any trading opportunities. Just watching for price to pullback to a key support and the CCI to lead me into a trade. I'm looking for a nice reaction candles at these levels that take out the last candles high to signifying the trend is resuming, then drop your pending order above that signal candle and way you go...

Still the wrong time of day but thats what I do when its the right time of day....
Feel the Fear and do it anyway!!!
  • #6,275
  • May 27, 2015 2:04am May 27, 2015 2:04am
Fascinating watching that Frankie open, the Europeans money was all going one way nicely then in comes the real money and Wham Bam thank you Mam and the real move starts....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm1.png Size: 58 KB
Feel the Fear and do it anyway!!!
  • #6,276
  • May 27, 2015 2:13am May 27, 2015 2:13am
GBP weakness across the board so looking for a nice GBP pair to sell...

GBPCHF looking like the weakest/strongest combination...
Attached Image
Feel the Fear and do it anyway!!!
  • #6,277
  • May 27, 2015 2:34am May 27, 2015 2:34am
Looks like EUR wins the day today...
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM1.png Size: 62 KB
Feel the Fear and do it anyway!!!
  • #6,278
  • May 27, 2015 2:37am May 27, 2015 2:37am
Banked my orphan for 6.2 pips now lets see what happens to my runner...
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM1.png Size: 60 KB
Feel the Fear and do it anyway!!!
  • #6,279
  • May 27, 2015 2:42am May 27, 2015 2:42am
Moved my stop on the runner to PRES78's paper break even so it gives my runner a bit more room to survive this retest of 1.5050 but if it doesn't hold then out for a nett BE...

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM1.png Size: 52 KB


But if I've got todays LO runner I will be laughing all the way to the bank...
Feel the Fear and do it anyway!!!
  • #6,280
  • May 27, 2015 2:48am May 27, 2015 2:48am
Leaving EURNZD to do whatever the market decides its going to do lets have a look at the other contender for LO runner, CHFJPY??

Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYM1.png Size: 49 KB


Hmmm breakout of 129.80 level looks on the cards here...
Feel the Fear and do it anyway!!!
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