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Trading is as simple as ABCD

  • #8,361
  • Aug 31, 2015 9:07am Aug 31, 2015 9:07am
Took a few pips out of this top trender gbpnzd on way up but its hit yesterdays high and gave me a sell signal so lets see what happens here..??

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM1 hits yesterdays high.png Size: 71 KB


Banked 20 ...
Feel the Fear and do it anyway!!!
  • #8,362
  • Aug 31, 2015 9:10am Aug 31, 2015 9:10am
And again but maybe hold it this time?? Hopefully it won't come all the way back again..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM1 back up for some more....png Size: 71 KB


But it did so nothing that time...
Feel the Fear and do it anyway!!!
  • #8,363
  • Aug 31, 2015 9:29am Aug 31, 2015 9:29am
EURUSD LWMA cross, now wait for the CCI pullback.
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Click to Enlarge Name: eurusd.png Size: 55 KB
  • #8,364
  • Aug 31, 2015 9:32am Aug 31, 2015 9:32am
Quoting clivepackham
And again but maybe hold it this time?? Hopefully it won't come all the way back again.. {image} But it did so nothing that time...
Your 175 LWMA is green... stop trying to pick tops. Buy the dips. When a market takes out an old top or the previous days high etc... it will always appear OB or OS as there will be increased activity as the controlling side of the market is filling their orders with the opposing side (such as weak holders blindly selling double tops). If we are seeing a top the market will roll over, the LWMA will turn red and we will sell the rallies... If it drops too quick (due to news or whatever) we will not care as every missed trade is followed by more opportunities.
Today's zone = Tomorrow's opportunity!
  • #8,365
  • Aug 31, 2015 9:47am Aug 31, 2015 9:47am
Quoting Trinquete
EURUSD LWMA cross, now wait for the CCI pullback. {image}
Fall to eavy, didnīt give a CCI pullback, maybe in the .000 level give us some pullback.
  • #8,366
  • Aug 31, 2015 10:02am Aug 31, 2015 10:02am
Quoting Trinquete
{quote} Fall to eavy, didnt give a CCI pullback, maybe in the .000 level give us some pullback.
I leave it, no setup for the moment.
  • #8,367
  • Aug 31, 2015 11:44am Aug 31, 2015 11:44am
Quoting pres78
{quote} Your 175 LWMA is green... stop trying to pick tops. Buy the dips. When a market takes out an old top or the previous days high etc... it will always appear OB or OS as there will be increased activity as the controlling side of the market is filling their orders with the opposing side (such as weak holders blindly selling double tops). If we are seeing a top the market will roll over, the LWMA will turn red and we will sell the rallies... If it drops too quick (due to news or whatever) we will not care as every missed trade is followed by...
Makes perfect sense Pres78 I was just trading the yesterdays high as another system really just a one off attempt don't actually try to catch the tops or bottoms passe' as my TTindy won't bring me in even close to that just brings me to the middle of a trend after hopefully all the fightings finished.

My favourite setup is like the GBPCAD chart below when the LWMAs have just crossed or the 175 has just changed slopes direction , same thing really as both happen at same time. Then just take the first 2 CCI signals. However my TTindy probably wouldn't bring me to this chart until the next 2 CCI signals..

Attached Image (click to enlarge)
Click to Enlarge Name: Perfect setup foirst 2 CCI signals after lwmas crossover.png Size: 100 KB


So I'm with you all the way with just trading with the 5 minute trend....
Feel the Fear and do it anyway!!!
  • #8,368
  • Aug 31, 2015 11:55am Aug 31, 2015 11:55am
Quoting clivepackham
{quote} Makes perfect sense Pres78 I was just trading the yesterdays high as another system really just a one off attempt don't actually try to catch the tops or bottoms passe' as my TTindy won't bring me in even close to that just brings me to the middle of a trend after hopefully all the fightings finished. My favourite setup is like the GBPCAD chart below when the LWMAs have just crossed or the 175 has just changed slopes direction , same thing really as both happen at same time. Then just take the first 2 CCI signals. However my TTindy probably...
Now that's a lovely chart and we see these everyday. That's why I never got into using the TTindy as it's FAR to laggy for me. First one or two CCI signals... by the time 3 and 4 print if I was not already in I would have lost interest. Fresh cross or color change like you say and then in on the first signal or two max... That's it in a nut shell for me. Simple, repeatable and measurable.
Today's zone = Tomorrow's opportunity!
  • #8,369
  • Aug 31, 2015 11:58am Aug 31, 2015 11:58am
Quoting clivepackham
{quote} Makes perfect sense Pres78 I was just trading the yesterdays high as another system really just a one off attempt don't actually try to catch the tops or bottoms passe' as my TTindy won't bring me in even close to that just brings me to the middle of a trend after hopefully all the fightings finished. My favourite setup is like the GBPCAD chart below when the LWMAs have just crossed or the 175 has just changed slopes direction , same thing really as both happen at same time. Then just take the first 2 CCI signals. However my TTindy probably...
Why don't you put the alert in the 175 LWMA?, that brings to you in the zone of trading.
  • #8,370
  • Aug 31, 2015 12:12pm Aug 31, 2015 12:12pm
Quoting Trinquete
{quote} Why don't you put the alert in the 175 LWMA?, that brings to you in the zone of trading.
Yep good idea but we would have to have those charts open for the 175lwma to alert us so I'm swinging between having the top 8 trenders or the top 8 ADR pairs open so I'm getting the alerts from big movers one way or the other...

My top ADR pairs last 5 days are...

Attached Image


And Pres78 hear what you say but we also never know that they are going to go, do we at the start??? Mind you we never know ever do we???

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM1 still going down.png Size: 96 KB


Looks like the GBPCAD is still the top trender and those earlier CCI signals are still working out ok and its still pushing on down as I type...
Feel the Fear and do it anyway!!!
  • #8,371
  • Aug 31, 2015 12:21pm Aug 31, 2015 12:21pm
Quoting Trinquete
{quote} Why don't you put the alert in the 175 LWMA?, that brings to you in the zone of trading.
Hi Trinquete

Heres what I'm gonna do going forward, I'm gonna have the top 8 ADR pairs charts open on my platform with the 175 alert on so if one of them chamges slope it will alert ,me and I can check out for the CCI signals. However I do like my TTindy as it keeps me looking at strong trenders only so I will also have the TTindy on the first chart but not on automatically opening my charts.

That way I should have the best of both worlds , the opportunity to get in just after a slope change plus keep an eye on the top trenders as they do give solid signals because they are trending strongly.

If I start getting in early on a move then will have to look into this bank half hold half scenario as that GBPCAD today has gone down 200 plus pips...

This is getting closer everyday.....
Feel the Fear and do it anyway!!!
  • #8,372
  • Aug 31, 2015 12:22pm Aug 31, 2015 12:22pm
Quoting clivepackham
{quote} And Pres78 hear what you say but we also never know that they are going to go, do we at the start??? Mind you we never know ever do we???
While I agree that at the end of the day we never know 100% guaranteed for sure, we can stack the odds in our favor by making sure the entries tick off all our rules. Also by the time the TT indi decides to tell us that a pair is going to go it has already gone. Sometimes as we see today on your GBPCAD chart the later entries do work as pairs just keep going and going we see as many examples where the 3rd and 4th entries barely get us 1:1's and at times are occurring as part of the trend change as price is rolling over to go the other way.

Any who... just my 2 cents and with the value of my poor CDN $ at the moment I'd be lucky if it's worth 1.5 cents .
Today's zone = Tomorrow's opportunity!
  • #8,373
  • Aug 31, 2015 12:35pm Aug 31, 2015 12:35pm
Quoting clivepackham
{quote} Hi Trinquete Heres what I'm gonna do going forward, I'm gonna have the top 8 ADR pairs charts open on my platform with the 175 alert on so if one of them chamges slope it will alert ,me and I can check out for the CCI signals. However I do like my TTindy as it keeps me looking at strong trenders only so I will also have the TTindy on the first chart but not on automatically opening my charts. That way I should have the best of both worlds , the opportunity to get in just after a slope change plus keep an eye on the top trenders as they do...
Good idea, will set my charts too.
  • #8,374
  • Aug 31, 2015 12:38pm Aug 31, 2015 12:38pm
Quoting pres78
{quote} While I agree that at the end of the day we never know 100% guaranteed for sure, we can stack the odds in our favor by making sure the entries tick off all our rules. Also by the time the TT indi decides to tell us that a pair is going to go it has already gone. Sometimes as we see today on your GBPCAD chart the later entries do work as pairs just keep going and going we see as many examples where the 3rd and 4th entries barely get us 1:1's and at times are occurring as part of the trend change as price is rolling over to go the other way....
yep thats very true so we need to look for that ideal setup just after a 175 slope change, just to clear it up heres a perfect picture of what we're looking for especially just after a market open like this EURCAD move just after NYO today so its given us a great up setup just after NYO then an amazing down move too, all in one afternoon!!!

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM1 perfect setup just after NYO.png Size: 98 KB


I reckon your 2 cents is worth a lot more dollars
Feel the Fear and do it anyway!!!
  • #8,375
  • Sep 1, 2015 1:10am Sep 1, 2015 1:10am
Hey Captain,

Just to let u know I will be away from Sept 1st thru the 18th and will try to be active when I am back around Sept 21st.

Shalom , and God bless

George
Low Risk Low Stress High Reward High Probability Trades
  • #8,376
  • Sep 1, 2015 1:16am Sep 1, 2015 1:16am
Top trenders this morning just before Frankie open......

Attached Image


This is how the charts look...

GBPJPY

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 number 1.png Size: 77 KB


EURAUD

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM1 number 2.png Size: 67 KB


And took 32.2 pipos out of this GBPAUD one in about 3 minutes...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1 took 32 pips out of this one.png Size: 79 KB
Feel the Fear and do it anyway!!!
  • #8,377
  • Sep 1, 2015 1:25am Sep 1, 2015 1:25am
try number uno ....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 number uno.png Size: 78 KB
Feel the Fear and do it anyway!!!
  • #8,378
  • Sep 1, 2015 1:33am Sep 1, 2015 1:33am
Top trender euraud...
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM1 number uno.png Size: 83 KB
Feel the Fear and do it anyway!!!
  • #8,379
  • Sep 1, 2015 2:01am Sep 1, 2015 2:01am
Quick dash to yesterday high...???
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1 quick dash.png Size: 67 KB
Feel the Fear and do it anyway!!!
  • #8,380
  • Sep 1, 2015 2:11am Sep 1, 2015 2:11am
Quoting tylerbose
{quote} why so small TPs ?, from what i saw this strategy could give at least 10pip each tread in the worst case. also, 6 pip wouldn't be enough cover the potential wrong entries (loss)

Almost missed your response as I was without power and internet over the week end, and almost on my way to the airport.

I agree with your observation but my itchy finger will not allow the market to take back whatever it has given me But on a serious note, you're right and I'm working on it and do appreciate your comment.

Cheers
Low Risk Low Stress High Reward High Probability Trades
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