Stopped at SL. 12,1 pips plus. Thanks Clive 
Trading is as simple as ABCD
- #8,502
- Edited 5:29pm Sep 7, 2015 4:58pm | Edited 5:29pm
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Clive, I'm confused as to what constitutes your get in or stay out on entries. I see plenty of times where the two LWMAs are separating and both going up, and then price retreats back through the 35 LWMA then pushes back through, but these aren't valid entries for you, or it retreats back through 175 LWMA then pushes back through, yet you don't take those ones either most of the time, despite in all cases there is oversold on the CCI etc. I'm also confused because I thought you had gone back to using only the 175 LWMA and whenever it turned direction...
I don't blame you , I still get confused myself....
I do sometimes trade with the 35 on my chart but more and more I'm just trading with the 5 minute trend so just have the 175 lwma which is of course the 35lwma from the 5 minute chart...
The theory you see is that you just need to find a strong trending 5 minute chart as designated by the slope of its 35lwma and then all you do is buy any oversold CCI signals in an uptrend or sell any overbought CCI's in a downtrend....
For a detailed explanation of my entry technique with my CCI have a look at this post http://www.forexfactory.com/showthre...54#post8463154
By the way does anyone know what CCI stands for???? Who said Commodity Channel Index???
Nope it stands for Clives "C" point Indicator....
It clearly shows you were to enter by finding the "C" point of any ABCD move..
Perhaps I should just run my philosophy about trading past you one more time so you understand what I'm up to then you won't have to worry about the 35lwma or anything else.. Its my belief you see that price can only go up or down, its a simple choice that we all make very complicated by quite simply over analysing a very simple choice..
Are you a buyer or a seller???? Is price going up or down??? If you're not sure then leave that chart alone and go and find one where it is obvious, if in doubt stay out...
Ok so once you decide its either going up or down then its a simply find a way to enter in the direction you want to trade. My chosen method of entry is to sell any overbought CCI signals in a downtrend and to buy any oversold CCI signals in an up trend...
Thats it....Nothing more complicated than that and if you're wrong get out quickly and if you're right try to get as much of the move as you can...
So first of all find a strong trending 5 minute chart where the 175lwma (5 min 35lwma) is sloping up nicely like this GBPAUD chart below, then as its going up look to buy every oversold CCI signal (when it goes below the -100 level).
11 out of 11 CCI oversold signals without a single loss, now thats what I call an edge....
Now I will admit I've hand picked this chart to illustrate a point but GBPAUD does appear to lend itself to this strategy particularly well, just seems to fit somehow...
But even if only half work then with an average 15 pip stop and some winners here of 30,40 and even 70 pips you would still have a winning profitable edge, because you're trading with the trend so can expect much bigger winners than your losers...
thats it , don't over complicate it...
Trading really is as simple as ABCD......
EDIT: If you're a super cautious trader then change the CCI period to 20 for more reliable signals or even a 40 period as that is an 8 CCI on the 5 min chart so you be trading the 5 min pullbacks on your 1 minute chart...You're miss a few trades compared to the 8 CCI but the ones you get will go further as a deeper pullback..
Feel the Fear and do it anyway!!!
- #8,505
- Sep 8, 2015 3:23am Sep 8, 2015 3:23am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Hi everybody
The best setup for me is to have the top 8 5 minute trenders opened automatically then just look for the GBP and AUD pairs I'm interested in, basically the biggest from the ADR table...
Heres what you should of been looking at earlier.....
Top trender GBPJPY..
2nd EURAUD
3rd EURNZD
And just for good measure you could of been watching one of the best pairs for this method the good old GBPAUD
Now they all look good now for sure because thats what the TTindy does but theres some good signals that would occur when they were top of the TTindy but I've also put an eclipse around the setup when the 35 crosses the 175 or the 175 changes colour so again watch the bigger ADR pairs and when you see that setup in you go looking for the first couple of CCI signals back with the trend....
I don't know what more I can say about trading the 1 minute charts or any other chart for that matter, its very simple guys just follow the strong trenders from your TTindy or monitor the biggest ADR pairs looking for that setup...
The secret to the entry is the CCI or Clives "C" point indicator, that will give you safe entry after safe entry in the right market, a strong trend...But having said that have a look at some of the CCI entries at key levels they are great too..
If you traded this system risking 1% of your account across each trade I reckon you'd make about 4 to 5% per day...
Don't know that I can make it any simpler but I guess its hard to accept that its this simple to make money trading forex but it is. You know when to look , you know what you're looking for and you know how to enter the market with very low risk and get that risk of the table very quickly...
I've even demonstrated it in real time day after day...
Don't know what else I can do???
Theres not much more for me to say, its been a great journey and I've found my path now its all down to making some money with it and thats exactly what I intend to do, as from next week I'm full time trading trying to make my fortune so won't be here everyday to answer your question or post for that matter so I'll leave you all with one simple message....
Trading Forex really is as simple as ABCD......
Feel the Fear and do it anyway!!!
- #8,511
- Sep 8, 2015 5:20pm Sep 8, 2015 5:20pm
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Feel the Fear and do it anyway!!!
{quote} Tocbac - how do we stop ourselves from taking the other touches and bounces and drop-throughs and push-back-throughs around your highlighted entries. This is where I keep getting stopped out. I get in around the right area, but I never know which ones is the real entry and it won't go sideways further. I keep losing cash this way. I get the right CCI signal bar, put my entry 2 pips above it, it hits it, and then it goes sideways or comes back and hits my stop.
- Joined Nov
- #8,518
- Sep 10, 2015 2:50am Sep 10, 2015 2:50am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
sorry for the intrusion,
but since I'm using and and experimenting in part some of your indicators and your technique on 1min (again and again great work Clive),
when using this method will post the results also here.
available for any clarification.
thank you all! keep it up with this great work!
short euraud long audjpy +20 +20
but since I'm using and and experimenting in part some of your indicators and your technique on 1min (again and again great work Clive),
when using this method will post the results also here.
available for any clarification.
thank you all! keep it up with this great work!
short euraud long audjpy +20 +20
nescentia necat
- #8,519
- Sep 10, 2015 5:59am Sep 10, 2015 5:59am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
sorry for the intrusion, but since I'm using and and experimenting in part some of your indicators and your technique on 1min (again and again great work Clive), when using this method will post the results also here. available for any clarification. thank you all! keep it up with this great work! short euraud long audjpy +20 +20 {image} {image}
Couldn't help but notice you're entering on the first positive CCI candle back with trend, not sure if thats your own way of entering off of the CCI but its not my way as described here on thread please see post:
http://www.forexfactory.com/showthre...54#post8463154
I actually sell the overbought signal and my signal candle is the first shorter CCI candle back towards the trend so looking at your first trade I would of gotten in 3 candles earlier and the 2nd chart would have gotten in on the much earlier signal 9 candles back when the CCI was overbought and first turns down...
Just a minor point but would have given you a few more pips in both cases...
Nice trades by the way, glad you're enjoying it
Feel the Fear and do it anyway!!!
- #8,520
- Sep 10, 2015 7:26am Sep 10, 2015 7:26am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} No need to apologies you're welcome here anytime as is anyone else for that matter.. Couldn't help but notice you're entering on the first positive CCI candle back with trend, not sure if thats your own way of entering off of the CCI but its not my way as described here on thread please see post: http://www.forexfactory.com/showthre...54#post8463154 I actually sell the overbought signal and my signal candle is the first shorter CCI candle back towards the trend so looking at your first trade I would of gotten in 3 candles...
It is not exactly the entry that you describe in your summary of the method.
but for me, since I'm still experimenting and praticing, was more cautious entry to the collapse of the previous level that had formed the price.
your entry would definitely earned more pips begins with the formation of a 'momentumdown' (or up of course) to the candle plug of the right color.
I was in late on my entry.
I joined one with Stoch ob / os to have a clearer view of the resumption of the trend.
late entry but in my case more comfortable because not too used to manage the 1m TF.
BTW
thanks Clive, and all contributors here
nescentia necat