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Trading is as simple as ABCD

  • #7,161
  • Jul 6, 2015 4:21pm Jul 6, 2015 4:21pm
Quoting harry23
CONGRATS DT ! That qualifies you!! Big difference between demo traders and real ones..... Good luck!!! {quote}
follow the rules harrylong = inner and outer channel upwardsshort = inner and outer channel down.yes you can trade just 1 channel...end to endbeware counter trendsandalways look at the direction of higher timeframe channel.
  • #7,162
  • Jul 6, 2015 4:57pm Jul 6, 2015 4:57pm
Quoting XxLessoxX
{quote} I stop trading around noon on New York time. once London closes the spreads widen, liquidity decreases, and the action comes to almost a standstill most days.

No you misunderstand me,I didn't mean time in as time of day. I meant time as in when the hrly candle closes or the 15 min close. Say we're looking for an HRLY TMA trade say a reversal , then would we be better waiting for the hrly candle to close as thats when the hrly traders are going to enter and cause our nice 1 minute moves..

Same applys to 15 min , wait for the 15 min candle to close so 15 past the hour or 30 past the hour or 45 past the hr or on the hr. All 15 min candle closes.

Just a thought...
Feel the Fear and do it anyway!!!
  • #7,163
  • Jul 6, 2015 5:05pm Jul 6, 2015 5:05pm
Out of interest did anyone get a slope change alert today??? I certainly didn't...

Can someone check out the code, it doesn't seem to be working or have we got to change an input to get it to work???

Would be very handy to have that working today...most big moves are coming from close to the hrly bands .or just after a slope change either way it would be handy to have an slope change alert working..
Feel the Fear and do it anyway!!!
  • #7,164
  • Jul 6, 2015 5:23pm Jul 6, 2015 5:23pm
Hi Clive, can you post your template with the hourly TMA please. Thank you.
  • #7,165
  • Jul 6, 2015 7:27pm Jul 6, 2015 7:27pm
Quoting devontrader
{quote} that one today was real account
Nice trading Devontrader..
Feel the Fear and do it anyway!!!
  • #7,166
  • Jul 6, 2015 7:41pm Jul 6, 2015 7:41pm
Unfortunately i have no clue about how i an work with your system, once i'm newbie on this bussiness.
For several tmes i try to figure out how to put this system working shrtly to me.
Unfortunately i'm despired. Because since yesterday i didn't got a way to win trades consistenly.
Your adivecs it's highly appreciated.
I'm i have hopings to rise up my earning to solve some urgent debits to me.
I'm almost a zombie without a good resting time facing those isues.
Sorry to bother you guys, but a sincere help and good advices wil be highgly appreciated.
Sorry for my bad english, isn't my native language.
Best regards from Brazil.
  • #7,167
  • Jul 6, 2015 7:59pm Jul 6, 2015 7:59pm
Quoting Trinquete
Hi Clive, can you post your template with the hourly TMA please. Thank you.
Here you go Trinquette heres my latest template, still experimenting one with HA candles one without..

Attached Image (click to enlarge)
Click to Enlarge Name: the latest templates.png Size: 64 KB


Heres some observations I made today..

Hrly TMAs provide some good reversal points, most of the big runs started from an HRLY TMA trade

5 and 15 TMAs together are powerful too, add an hrly and almost guaranteed

Buy upward sloping channels (green middle band)

Sell downward sloping channels (red midddle band)

Upped CCI to a 20 period as much more reliable signals

Using HA candles look for colour change of candles with CCI signal

Still work in progress but definately some good signs today..
Attached File(s)
File Type: tpl No Fear Trading System tracking 5 min channel.tpl   405 KB | 414 downloads
File Type: tpl No Fear Trading System tracking 5 min channel HA candles.tpl   406 KB | 575 downloads
Feel the Fear and do it anyway!!!
  • #7,168
  • Jul 6, 2015 10:01pm Jul 6, 2015 10:01pm
Here is a brief summary of Hurst cycles including a picture of repainted and non-repainted bands. They give a 5% chance of price moving past an outer band without reversing. perhaps the article pertains to the current direction of this thread:

http://www.leveragefx.com/forex-arti...-gravity-bands
  • #7,169
  • Jul 7, 2015 1:07am Jul 7, 2015 1:07am
Quoting bapakjason
Here is a brief summary of Hurst cycles including a picture of repainted and non-repainted bands. They give a 5% chance of price moving past an outer band without reversing. perhaps the article pertains to the current direction of this thread: http://www.leveragefx.com/forex-arti...-gravity-bands
Very interesting

But my understanding of Hurst Cycles is "Cycles within Cycles", which would be lower time frame cycle within a higher time frame cycle... otherwise you might as well trade Bollinger Bands or Donchian Channels.
Just my understanding...I could be wrong though.
I do like the non repainting "Actual"

MTPockets
  • #7,170
  • Jul 7, 2015 3:00am Jul 7, 2015 3:00am
That's what I do ;-)) EUR/USD

Quoting devontrader
{quote} follow the rules harrylong = inner and outer channel upwardsshort = inner and outer channel down.yes you can trade just 1 channel...end to endbeware counter trendsandalways look at the direction of higher timeframe channel.
  • #7,171
  • Jul 7, 2015 8:00am Jul 7, 2015 8:00am
First trade, in just 1 minute, go +10, will keep it and see what happens
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 49 KB
  • #7,172
  • Jul 7, 2015 8:02am Jul 7, 2015 8:02am
In the next minute stopped out at BE
Quoting Trinquete
First trade, in just 1 minute, go +10, will keep it and see what happens {image}
  • #7,173
  • Jul 7, 2015 8:15am Jul 7, 2015 8:15am
Quoting Trinquete
In the next minute stopped out at BE {quote}
i wander why??? Something to do with your channels.were going downwards but you put in a buy?Channels.going.down only look for a sell
  • #7,174
  • Jul 7, 2015 8:25am Jul 7, 2015 8:25am
Agree, I make that mistake.
Quoting devontrader
{quote} i wander why??? Something to do with your channels.were going downwards but you put in a buy?Channels.going.down only look for a sell
  • #7,175
  • Jul 7, 2015 8:28am Jul 7, 2015 8:28am
And trying with old sistem...HMA 120 and CCI 8
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD1.png Size: 52 KB
  • #7,176
  • Jul 7, 2015 8:30am Jul 7, 2015 8:30am
Quoting Trinquete
Agree, I make that mistake. {quote}
as long as you know your mistake..you can learn from itLook at the 5min channel and it should be at the top with 15min channel both movibg same direction eg downwards.if.you.want a longer.term trade the get a 3rd channel.to agree with the 2.you have...this 3rd channel would be a higher timeframe.
  • #7,177
  • Jul 7, 2015 8:30am Jul 7, 2015 8:30am
Banked +10.
Quoting Trinquete
And trying with old sistem...HMA 120 and CCI 8 {image}
  • #7,178
  • Jul 7, 2015 8:36am Jul 7, 2015 8:36am
I have the third channel (Hourly) but look where it is... I must to keep looking the new strategy and try to mastering.
Quoting devontrader
{quote} as long as you know your mistake..you can learn from itLook at the 5min channel and it should be at the top with 15min channel both movibg same direction eg downwards.if.you.want a longer.term trade the get a 3rd channel.to agree with the 2.you have...this 3rd channel would be a higher timeframe.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD2.png Size: 45 KB
  • #7,179
  • Jul 7, 2015 8:40am Jul 7, 2015 8:40am
Eyes on AUDCAD

m15 channel turned up
m5 channel.comming down to line up for a nice long
  • #7,180
  • Jul 7, 2015 8:44am Jul 7, 2015 8:44am
Quoting Trinquete
I have the third channel (Hourly) but look where it is... I must to keep looking the new strategy and try to mastering. {quote} {image}
2 choices here....1...5 and 15 line up for a long trade and can run it up to top.of the 1hr channel...but this is a counter trend tradeorwait for price and the 5 and 15 channel to get to top of the 1hr wide channel.so all 3 are in sync and short iti think this is an interesting one....i would not counter trend with 5 and 15 but to trade it up for the bigger channel....mmmmm interesting
your.call..personally id wait and let.it.move up then short it when all aligned together
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