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Trading is as simple as ABCD

  • #6,661
  • Jun 26, 2015 12:54am Jun 26, 2015 12:54am
Quoting devontrader
no hurst does not repaint,,,if you read the book its about calculation of bars from swing point to swing point to have a good prediction of turning points by doing this and other info given you can predict where and when price will turn. the simple use of the indicators set to different settings gives you the benefit of when price will move and which direction the channel is in. i posted charts that showed the lower timeframe,,,,,eg m1 m5 and m15 when all the channels come close together then its powerful to change direction however,,,if your looking...
Hi Jason

This looks really good and a great way of taking profit as well as looking at turning points looks very good on your charts, appears to be the perfect way of trading 1 min charts in the direction of 5 and 15 min and inparticular trading the support and resistance levels from the 15 min chart.

Martin does something very similar using EMA's from the higher timeframes and he regularly refers to when these MA's all bunch up together as a very good time to look for an entry and enter the market. The reason is you're now trading the 1 min trends with the 5 min and 15 minute traders supporting that move . The more traders you're trading with the better obviously.

So yep good stuff, I particularly like the look of the 15 min band for 1 min trend reversal pionts and exits.

Have you posted the Hurst indicator on the thread??? Can't see it anywhere???

Cheers
Feel the Fear and do it anyway!!!
  • #6,662
  • Jun 26, 2015 1:20am Jun 26, 2015 1:20am
EUR strength across the board ...

Attached Image


And this EURJPY is top trender...

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Plus there appears to be a bit of room up to daily pivot area..

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Of course the bad news is its in Frankies hour....
Feel the Fear and do it anyway!!!
  • #6,663
  • Jun 26, 2015 1:46am Jun 26, 2015 1:46am
it was too hard to resist.
eur/aud extreme ends of csm.

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here it is on the 1min TF:

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  • #6,664
  • Jun 26, 2015 1:49am Jun 26, 2015 1:49am
Can't find Devontraders indy anywhere , I'm sure he's sent it to me but amongst the other hundred odd indys he's sent me I can't find it...

So I've found something similar here a TMA thingy me jig... and it looks quite good for taking entries off of the lower band, when hit place a buystop above that candle..

Looks good in chart below so might be an even better entry method or maybe limit orders with a 5 pip stop???

Attached Image (click to enlarge)
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Exit when it hits the opposite band...

Looks a little bit like its too good to be true to me???

Hopefully when Jason wakes up he'll post this Hurst bands indicator and see how it compares as I do like these trading from these wave extremes ideas...
Feel the Fear and do it anyway!!!
  • #6,665
  • Jun 26, 2015 1:55am Jun 26, 2015 1:55am
Big round number BRN and daily range low sitting below here.

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  • #6,666
  • Jun 26, 2015 1:56am Jun 26, 2015 1:56am
Quoting bapakjason
it was too hard to resist. eur/aud extreme ends of csm. {image} {image} here it is on the 1min TF: {image}

Oh I know that feeling all too well.......

But it worked this time , mind you they say thats the worst thing that can happen to you as a disciplined trader, when you break your rules and it works you do it again and again but this time with losses...

I was looking at the EURs too because of the strength across the board and was wondering which one would I trade???? I came to the same conclusion as you EURAUD because it was the weakest strongest combination on the EUR pairs according to my CSM so maybe thats the way forward ??

Attached Image


When we have strength across the board trade the weakest/strongest combination from the CSM of your choice...
Feel the Fear and do it anyway!!!
  • #6,667
  • Edited 2:25am Jun 26, 2015 1:59am | Edited 2:25am
Think LO will have an hourly break moving Eur/Aud even higher? Plenty of room up there . . .
Pushing down from yesterday's open isn't it??

3:24edit: guess resistance was too much for the time being . . .
  • #6,668
  • Jun 26, 2015 2:10am Jun 26, 2015 2:10am
Now heres what happens when traders work together , you develop a perfect trading system....

Have a look at the chart below this has come about due to Devon Trader and BakJasons ideas plus a little of my own...

I think we could be getting close here to a working system...

Have a look at the chart below..

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We look to the TTindy to choose the currency to trade looking for a strong or weak currency

We look at the csm to choose the right pair to trade strongest EUR weakest AUD so EURAUD

We look for price to touch the lower band for entry

We exit when price hits the upper band

Do you know I think we're getting close very close to a working strategy...
Feel the Fear and do it anyway!!!
  • #6,669
  • Jun 26, 2015 2:21am Jun 26, 2015 2:21am
this is the type of 1min sell signal to run away from:

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  • #6,670
  • Jun 26, 2015 2:26am Jun 26, 2015 2:26am
someone help me get on the same page.

the charts are slightly different to the templates i have

can someone post the indys and template so i can work on this with the right settings and chart
  • #6,671
  • Jun 26, 2015 2:30am Jun 26, 2015 2:30am
OK this is looking cool now I've edited the TMA indy so its only got the outer bands and the middle MA , looking good..

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


Now I was just wandering if Godsclown or someone fancies taking this TMA indy and coding the middle band so that it changes colour with the slope changes??

Heres the indy if anyone fancies a go at it???

Maybe we could use that middle MA for the TTindy?? So it measures that slope to give us the strength of the trend???

Just some thoughts...

Oh and by the way when I mentioned traders working together , I didn't only mean the two Jasons obviously theres been massive of input from all the traders here like Mr V., Pres78, Godsclown, Oapdave, etc etc the list is endless so thanks guys you've all been great!!!!
Attached File(s)
File Type: mq4 TMA_CG_mod_31.mq4   8 KB | 379 downloads
Feel the Fear and do it anyway!!!
  • #6,672
  • Jun 26, 2015 2:36am Jun 26, 2015 2:36am
here is another great place to NOT be:

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  • #6,673
  • Jun 26, 2015 2:43am Jun 26, 2015 2:43am
Quoting bapakjason
here is another great place to NOT be: {image}
Must admit I'm not a lover of EURUSD with this system...
Feel the Fear and do it anyway!!!
  • #6,674
  • Jun 26, 2015 2:46am Jun 26, 2015 2:46am
In case of the TMA, Triangular moving average (TMA), read this...
http://www.forex-tsd.com/metatrader-...tml#post434497
  • #6,675
  • Jun 26, 2015 2:51am Jun 26, 2015 2:51am
The more I look at this TMA indy the more I like it, its trading from the wave extremes isn't it?? Unless this thing is repainting its looking very very good...

Just have a look at this GBPJPY chart just after NYO..

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Price just touches this lower band and goes, we could use limit orders with very tight 5 pip stops , these two trades netted 23 and 17 pips respectively now with a 5 pip stop you're talking 3 and 4 to one trades..

I wander if it would be possible to write an EA for it to do just that???

Would be good to have an alert on the middle band for slope changes as best signals are just after a reversal as we all know...

GodsClown if you're reading this can you get in touch for a chat???
Feel the Fear and do it anyway!!!
  • #6,676
  • Jun 26, 2015 2:56am Jun 26, 2015 2:56am
somehow i screwed up and bought a top. lost my franky pips. but then came back to around BE when the right signal showed up on the 5min TF.
note it's bouncing up from about the 25 level just like Clive says is likely . . .
the signal that got my pips back looked like this:

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  • #6,677
  • Jun 26, 2015 3:01am Jun 26, 2015 3:01am
Quoting clivepackham
The more I look at this TMA indy the more I like it, its trading from the wave extremes isn't it?? Unless this thing is repainting its looking very very good... Just have a look at this GBPJPY chart just after NYO.. {image} Price just touches this lower band and goes, we could use limit orders with very tight 5 pip stops , these two trades netted 23 and 17 pips respectively now with a 5 pip stop you're talking 3 and 4 to one trades.. I wander if it would be possible to write an EA for it to do just that??? Would be good to have an alert on the middle...
clive can you post the template and indicators please
i notice your using HMA ?
so be good at this point to do a post of upto date files and templates
  • #6,678
  • Jun 26, 2015 3:03am Jun 26, 2015 3:03am
jumped in a bit late here but saw momentum . . .
(Clive, this was one of those fun ones that drug my SL while I had it clicked.)
Do 1min TF pullbacks look any better than that with a CCI 8? How to find it? TTindi and CSM.

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Click to Enlarge Name: bit late.png Size: 69 KB


here's the info indi's:

Attached Image
  • #6,679
  • Jun 26, 2015 3:18am Jun 26, 2015 3:18am
funny, eur/usd broke long after i posted the "junk" range . . .
i'm gonna take a break and play with the kids while i'm up in pips.
  • #6,680
  • Jun 26, 2015 3:45am Jun 26, 2015 3:45am
Quoting bapakjason
{quote} one of the things I like about clive's method is that when momentum comes i can click on the SL and the momentum literally drags the SL up the chart as price runs and when price pauses i can let the SL fall in the new spot. it's a good thing to find momentum!
To be honest, it was over before I couldn't think twice about it
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