Trading is as simple as ABCD

Hi

Just look to the left and you will see the trades you should be taking , you need to be in the moves a lot earlier, this is one problem with trading the TTindy as the trends are ending, they are exhausted after making most of the moves, but they unfortunately will still show on the top of the TTindy ...

The TTindy works very well at the start of market opens as money comes to the table as its then ranking the strongest moves as they start, but its not so good once a pairs been moving for a while already. So its not automatically good to trade just because a pair is top of the TTindy, you can't say "its at the top of the TTindy therefore it must be good to trade". Its just a filter and once you open the chart you have to decipher where it is in the trend etc..

Doesn't quite work like that because it regularly is showing a top trender after it has moved quite a way already.

Look at these posts http://www.forexfactory.com/showthre...29#post8465829

http://www.forexfactory.com/showthre...04#post8465904

They show the perfect setup just after a lwma crossover or the 175 changing slope so maybe setup your charts like this post suggest

http://www.forexfactory.com/showthre...88#post8465888

You need to be looking for the first two or three CCI entries just after the crossover but again its not that simple look for price action to confirm entry eg ABCD moves so a good AB followed by about a 50% pullback BC move to a nice key level. Concentrate on finding a nice sloping 175 lwma them concentrate on the entry technique as per this post

http://www.forexfactory.com/showthre...54#post8463154

So to clarify,

Find yourself a strong trend where the 175 is sloping nicely as early as possible in the move, be very careful of trading the top pairs in TTindy if they've already signaled 3 or 4 times already, you're probably too late to the ball.. But of course sometimes they keep going but the higher probability trades are the earlier ones in the move. Look for the ideal setup that I've shown you in the posts above just after a good crossover...

Then its just about trading the ABCD moves as they setup always looking for that strong push AB move then the pullback (50%) BC and when the CCI signals jump back on the trend...

Hope that helps....

EDIT: Meant to say that the first filter is the time of day, as this strategy is all about following the money as it comes to the table so trade just after the opens and obviously tip toe around news releases etc... strong trenders just after the market opens are well worth looking at...London and New York are the best of course..

Just to reiterate this is right time of day and heres the TTindy showing GBPJPY top ...



And heres the chart with that perfect setup the diverging LWMAs looking to sell this pullback from 183.75 level retest



Thats about it perfect time nice setup so you've got a chance..

GBPJPY appears to be struggling right now but will no doubt catch up with its partners the other three pairs from the TTindy which are all going nicely..







So just goes to show being top of the TTindy its not enough on its own...

Ahhh there you go normal service resumed with number uno pulling his socks up..



There you go forexbandit7 quick demonstration of when to use the ttindy ....

Heres that magic setup again...



Number 8 on TTindy at the time but its more about this setup That I want you all to be concentrating on...

LWMAs seperating take the first CCI signal...

Hi Clive, your system looks impressive

I want to thank you for your efforts here.

And I have a question - which broker do you use, is it a MM or ECN?

Currently I have on GBP/JPY 6 pips spread, suicidal for scalping... But in spite of that I banked 10 pips pretty quickly

Yes Clive, like this one...

Banked +7, is in a resistance zone

Hi Twobooks

Interesting name I think thats the grand total of books I've read this year times 2...

I use DMMFX who only charge spread with no commission and I think you will find the spreads as good as they get try eurusd 0.7 , usdjpy 0.5 audusd 0.7, gbpjpy 1.5, gbpusd 1.1, gbpnzd 2.4....

Oh and did I mention they're fixed too....

I think the old London Boys are up to their tricks again with some pending GBP news this morning as I see GBP strengthening across the board, took 35 pips out of GBPJPY earlier on a quick counter trend move but won't post it here as Pres78 will tell me off and quite rightly too....

However I saw our setup on this GBPNZD this morning so went for it and will probably hold until just before the news release...



If I get enough steam up I might even hold through the news release as expecting something positive due to the Good Old London Boys taking up their positions...

Yep up 27 pips now looking good for GBP...



Nice little pre news trade..

Cross Ma´s first CCi pullback...banked +16.9 in just 2 minutes.

banked 35 pips as theres not the GBP strength I thought just NZD weakness so banked before the news release in 10 mins...

Time for my morning cuppa then see what the post news market might bring us...

Nice one Trinquette ...

Thanks Clive, today Im very happy because yesterday I took the 40 usd bonus from Dmmx, the best is the spreads that allow me to go BE more fast than the other that I have, Right now Im 5% up of the account and just start the day.

Another go...

Thank you very much Clive for your kind advice, ill read up and try to learn from it.

Took +5 from this one

5 pips a day keeps the doctor away

Well done!

Another +10