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Trading is as simple as ABCD

  • #8,101
  • Aug 17, 2015 3:08pm Aug 17, 2015 3:08pm
thanks. found it on page 399. not sure if i understand it all yet but will have a go. thanks again
Quoting devontrader
{quote} look.on page 200 i think i posted a zip file called hurst
  • #8,102
  • Aug 17, 2015 3:11pm Aug 17, 2015 3:11pm
Quoting clivepackham
Just to let you all know I've changed my TTindy look back period from the template I posted to 60 mins so now I'm looking back at the last hours data as I'm looking for the longer trend. Interestingly the top trenders are outside their 5 minute channels and approaching their hrly higher bands so not gonna get involved too much more here even though the GBP charts look good to go long.. {image} {image} Gotta wait for the pullbacks....if nothing else plus of course its Frankies hour reknown for its reversals as London takes over control.. {image}


Hey Clive, it does seem the 5 min trend on the 1 min can be quite a good for trading. What are your thoughts with other timeframes? An example would be using the 1 hour trend on the 15 minute tf? Does the strategy hold up? I am thinking about monitoring other tf's but just wanted to see if you maybe you have already done that.
I love forex. One day it will love me back.
  • #8,103
  • Aug 17, 2015 3:44pm Aug 17, 2015 3:44pm
Quoting Singha83
{quote} Hey Clive, it does seem the 5 min trend on the 1 min can be quite a good for trading. What are your thoughts with other timeframes? An example would be using the 1 hour trend on the 15 minute tf? Does the strategy hold up? I am thinking about monitoring other tf's but just wanted to see if you maybe you have already done that.
Hi Singha

Without any doubt this strategy holds up no matter what time frames you trade it on but I find it best when they are adjacent timeframes, for instance 1min and 5 min: 5 min and 15 min: 15min and 4hr: 1hr and daily.

But also look how the 1 min works with the hrly TMA outer bands like this mornings GBP pairs, all zooming up the page until they ran into their hrly upperbands...

Look at this GBPJPY strong move up until it runs into its HRLY upper band and presents us with some awesome low risk sell signals with stops ranging from 6 to 15 pips tops and then it runs all the way down to its HRLY lower band over 100 pips lower down...

Attached Image (click to enlarge)
Click to Enlarge Name: HRLY upper bands.png Size: 105 KB


Look how the HRLY upper bands turn the middle red then we get some awesome CCI signals near the upper 5 min band...Find a strong trender and trade the CCI overbought signals..Start when it turns at the hrly top band and exit 100 pips later at the hrly lower band. Trouble is it doesn't always work this well but the theories good.... But you could always hold on the middle band colour changes if you want to trade the 5 min trend until it ends??

You could do this on daily channels with the hrly trading from top to bottom or any other combination for that matter...
Feel the Fear and do it anyway!!!
  • #8,104
  • Aug 17, 2015 4:01pm Aug 17, 2015 4:01pm
works in anytime frame,,,,why?

cycles of the market
  • #8,105
  • Aug 17, 2015 4:05pm Aug 17, 2015 4:05pm
Quoting roughtrader
{quote} just enclosing price action on both sides, creating a channel. instead of just using the bands, I find it a bit more exact to use channels along with them. example: price is going outside the bands and because of that, you might think that price will go either up or down. but if you also plot the channels, then you sometimes can see that price is still within the channel. or even if price sometimes is outside the bands it have not yet reached the channel resistance. then again, that might save you from a bad entry. so if you use both channels...
i like the idea
is there a good indy to do the channels for you
  • #8,106
  • Aug 17, 2015 4:14pm Aug 17, 2015 4:14pm
Another example of these strong trending pairs working well, this gBPNZD is heading down strongly with a nice sloping middle band and the overbought CCI signals look good to go...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM1 strong downtrended sell overbought CCI signals.png Size: 125 KB


Went down another 130 pips from last CCI signal here and the middle band was red all the way....In fact this went down 300 pips in total with the same red middle band all the way...Went from just under its hrly top band all the way to its lower band where it turned back up again, here it is zoomed out to show the whole move including the top HRLY band (red) to the lower HRLY band (green)...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM1 300 pip move between hrly bands.png Size: 131 KB


Not suggesting for one moment thats what you can expect everyday but it is possible especially on pairs like GBPNZD, biggest ADR pair, that zoom up and down all day long..But one thing you can expect is if you trade strong trending 5 min channels you will make pips...

Couple of things to note that just after market opens is a very good time to look for a strong trender so that we're following the money as it comes to the table...

Secondly when a pair hits its hrly outer bands look for a colour change back into the channel...

Try to sell as high as possible in the downward sloping channel and buy as low as possible in an upward sloping channel..

Other than that just look for these overbought CCI signals in down trends and oversold CCI signals in strong uptrends, remember our old "sell wave tops in a downtrend" "Buy wave bottoms in an uptrend"...

Not really rocket science is it????
Feel the Fear and do it anyway!!!
  • #8,107
  • Aug 17, 2015 4:40pm Aug 17, 2015 4:40pm
Slight change to my TTindy settings now using a 350HMA to try and mimick the middle band of the 5 min TMA as closely as possible so it opens up the strongest trending pairs according to the TMA middle band. I was wandering if its possible to get the TTindy to measure the actual slope of the middle band or TMA ??? As that would then open the strongest trenders according to the TMA channels..

Attached Image


Anyone fancy coding that up???

Herses my current settings on my TTindy but of course always subject to change in my never ceasing quest for the perfect trading setup...

Attached Image (click to enlarge)
Click to Enlarge Name: MY existing TTindy settings.PNG Size: 56 KB


Also trying to use the CCI alerts part of the TTindy so set it to TF1 and a 20CCI will see how that pans out tomoz..

Onwards and upwards as they say....
Feel the Fear and do it anyway!!!
  • #8,108
  • Aug 17, 2015 11:14pm Aug 17, 2015 11:14pm
I just realized that your TT indy shows up on the chart but its not on my indcators list. Do you mind sharing it?
I love forex. One day it will love me back.
  • #8,109
  • Edited Aug 18, 2015 1:58am Aug 17, 2015 11:22pm | Edited Aug 18, 2015 1:58am
Quoting Singha83
I just realized that your TT indy shows up on the chart but its not on my indcators list. Do you mind sharing it?
it is posted in the thread here
post 6022Cant keep giving.....you need to use between your ears and do things yourself.my friend.give.me your money...ill trade it for you
  • #8,110
  • Aug 18, 2015 2:34am Aug 18, 2015 2:34am
Some nice trades missed earlier but notice how the CCI signals combined with the super indicator green arrows work particularly well??? Sort of qualifys the CCI signals to trade...Not sure yet whether its putting those in after the fact but I don't think so , I've definately traded a couple live but just not sure about it quite yet...

But what is becoming increasingly clear is to find a strong trending 5 minute channel then if its middle line is green wait for the CCI to go oversold if its red wait for it to go overbought and go for it...

Some great signals as shown here..

Attached Image (click to enlarge)
Click to Enlarge Name: Great combination of strong trender CCI and super indicator.png Size: 112 KB


So very simple rules to follow...

 

  1. Find a strong trend with nice sloping 5 minute channel, TTindy set to 350HMA and 60 min look back..(wish someone could code these TMA slopes into TTindy) but you can always use your eye just look at the middle bands slope..
  2. If green middle band wait for an oversold CCI signal combined with Super Indicator green arrow for confirmation. If red middle band wait for overbought CCI signal plus Super Trend red arrow. (buy wave bottoms in an uptrend sell wave tops in a downtrend)
  3. Enter by pending order 2 pips above first candle in direction of trend EG green middle then green candle..stop behind last low/high.
  4. Move to BE withing 5 pips..
  5. Exit either at D end of momentum run or hold on middle band colour change or even bank half at D and hold half on 5 min middle band colour change, your choice..

Good luck...

Feel the Fear and do it anyway!!!
  • #8,111
  • Aug 18, 2015 2:43am Aug 18, 2015 2:43am
Quoting clivepackham
Some nice trades missed earlier but notice how the CCI signals combined with the super indicator green arrows work particularly well??? Sort of qualifys the CCI signals to trade...Not sure yet whether its putting those in after the fact but I don't think so , I've definately traded a couple live but just not sure about it quite yet... But what is becoming increasingly clear is to find a strong trending 5 minute channel then if its middle line is green wait for the CCI to go oversold if its red wait for it to go overbought and go for it... Some great...
nicely put on 5min clive....for those wanting to trade higher tf...follow the same rules clive has just said.simppleeessss !!!!!!!
  • #8,112
  • Aug 18, 2015 2:56am Aug 18, 2015 2:56am
Heres another example of these middle bands giving us the heads up to look for our CCI signals in the right direction I so wish we could get the TTindy to monitor/measure the slope of these TMAs then I'm convinced we'd have a very good system...At the moment I'm using the 350HMA but its not perfect..

Attached Image (click to enlarge)
Click to Enlarge Name: Great looking chart.png Size: 90 KB


Just look at these CCI signals and also note the earlier ones are the better ones to take as soon after colour change as possible...
Feel the Fear and do it anyway!!!
  • #8,113
  • Aug 18, 2015 3:03am Aug 18, 2015 3:03am
Something to be weary of when we're trading top trenders is that it is going to end sometime and in my experience its very often at yesterdays old highs or lows or the hrly upper/lower bands being hit.

Well Euraud below is hitting both so a great possibility of a reversal here but don't jump the gun, if its going to happen wait for a CCI sell signal at least and for extra caution wait for the 5 min middle band to turn red.. Remember we're on 1 minute charts here there will be plenty of pullbacks to jump in on...

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM1 running into its hrly upper band and yesterdays high.png Size: 128 KB


Lets see what happens????

EDIT: forgot to mention its also a BRN 1.51000 so thats three reasons it might turn...
Feel the Fear and do it anyway!!!
  • #8,114
  • Aug 18, 2015 3:15am Aug 18, 2015 3:15am
Last post on this but look also what happened yesterday around same time. Nice little 100 pip run down from here...

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1 can we sell it here.png Size: 125 KB


notice the HRLY CCI is also overbought so looking set to drop too..

Not saying its going to by the way as its just as likely to fly on up from here but if the 5 min does turn over well worth looking out for a CCI sell signal...

Nice HRLY setup to catch on a 1 minute entry if we can...
Feel the Fear and do it anyway!!!
  • #8,115
  • Aug 18, 2015 3:46am Aug 18, 2015 3:46am
Looks like our EURAUD is turning over so lets wait for next CCI sell signal and see how we go...
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM1 looks like its making its way down after hrly band hit.png Size: 75 KB
Feel the Fear and do it anyway!!!
  • #8,116
  • Aug 18, 2015 4:17am Aug 18, 2015 4:17am
We've got our red middle band now waiting for our overbought CCI signal...

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM1 weve got our red middle now looking for an overbought CCI.png Size: 77 KB


Trouble is of course it might not happen but thats the signal I'm waiting for...
Feel the Fear and do it anyway!!!
  • #8,117
  • Aug 18, 2015 4:58am Aug 18, 2015 4:58am
Been watching the GBP pairs but they were all over their hrly upper bands due to positive GBP news so not too keen to buy them there but maybe they are going to turnover too now???

Who knows...???

EURAUD keeps teasing me and I've taken a couple of riskey entries but out at BE so waiting for a good pullback and an overbought CCI signal..1.5063 looks like a nice level for a sell signal..
Feel the Fear and do it anyway!!!
  • #8,118
  • Aug 18, 2015 6:56am Aug 18, 2015 6:56am
Guys, can you share the Super Indicator in ex4 version?... During compilation of the mql4 file I'm receiving some errors:
1. Super_Indicator_V2 nrp.mq4;7:1;'strict' - unknown property
2. Super_Indicator_V2 nrp.mq4;7:1;'strict' - defined value expected
Please help.
  • #8,119
  • Aug 18, 2015 7:10am Aug 18, 2015 7:10am
Quoting Piofx
Guys, can you share the Super Indicator in ex4 version?... During compilation of the mql4 file I'm receiving some errors: 1. Super_Indicator_V2 nrp.mq4;7:1;'strict' - unknown property 2. Super_Indicator_V2 nrp.mq4;7:1;'strict' - defined value expected Please help.
its.been posted in this thread
  • #8,120
  • Aug 18, 2015 7:36am Aug 18, 2015 7:36am
No, it was not. Maybe there is some ex4 version with different name?...
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