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Trading is as simple as ABCD

  • #8,641
  • Sep 20, 2015 8:41am Sep 20, 2015 8:41am
Quoting clivepackham
{quote} Hi Nukern OK I think I understand what you are saying?? But just to check my understanding, are you saying that there are plenty of CCI signals that don't work and how can we differentiate the good from the bad?? If that is your question then I have two answers for you, the first one is very easy... Only trade charts from the 5 minute top trender, top 4 maybe even just the top 2 to start with because you will find that most of the CCI turns back with the strong 5 minute trends work out fine on the top two trenders. Avoid entries like the...
Oh no. You got me wrong. I'd take this as well since it had drive and retested minor SR. You wrote about 10 pips stoploss and I thought you reffer to stop bellow low/high now I know you just put fixed stoploss. And I agree these early "uptrends" Could be just pullback of higher TF thannew lower TF trend. But I agree with you, Strong trenders rule.. until the time they end.

About the signals. I really know why you'd picked CCI 8. Coz there's no doubt it's doing great job. I also have same way of thinkin about trades as you. Less time in a market less time something could go wrong.. Be after 10pips is a must. Sometimes it's hard coz price spikes. But that's the cost of the business I guess. I reviewed the market and filter possible trades with little room to BE, non levels or non S/R minor or major. And it's definitely better.

Now when I know about your fixed SL, I'd say anything more than 20 pips (aka 1:2) is really win in this strategy. So it does make sense when there are a lot of opportunities. 3 10sl trades could be easily compensate by 1 30 pips target. Ofc target should be defined by PA, levels, FIBO etc... I still trade more dax but this thing can be really cruel if you don't pay attention. So Strong trenders could be the way to go.

I found one trade which would be loss for me. This isn't exactly what I have in my mind but nevermind. I'll try to find somethings later. Mind you tell me if you would take it or not and reason? And for the record all others trade in this picture would be BE or profit. So I'd say screw the 10pips.(I'm not saying I will ) But I'd like to hear you opinion anyway.

Thank you very much for your comprehensive answer. I really appreciate it. Same as your words.
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  • #8,642
  • Sep 20, 2015 8:49am Sep 20, 2015 8:49am
May i highly recommebd chapter 4 abcd pattern from scott carney book the harmonic trader vol1

With the abcd method you can project targets to d point purely measuring fib retracement of a to b

Hope this helps
  • #8,643
  • Edited 10:31am Sep 20, 2015 10:19am | Edited 10:31am
Quoting nuckern
{quote} Oh no. You got me wrong. I'd take this as well since it had drive and retested minor SR. You wrote about 10 pips stoploss and I thought you reffer to stop bellow low/high now I know you just put fixed stoploss. And I agree these early "uptrends" Could be just pullback of higher TF thannew lower TF trend. But I agree with you, Strong trenders rule.. until the time they end. About the signals. I really know why you'd picked CCI 8. Coz there's no doubt it's doing great job. I also have same way of thinkin about trades as you. Less time in a...
You've more or less hit the nail on the proverbial head, you are going to have losers thats a fact and as you quite rightly say they are a cost to the business of forex trading, but like all successful business men we are going to keep those costs under control and as small as possible. Most importantly we are going to keep them smaller than our winners and hopefully a lot less losers than winners..

That is born out on your chart as there are 8 cci entries in total on this chart of which 6 are winners with 1 break even and the sole loser as you pointed out, so thats a nice 6 winners and a small 10 pip loser so a strategy with an edge I'd say...

Works in my book anyway...


One thing I'm not sure about your GBPNZD chart, was it a top trender at that time??? I don't think so looking at the size of the winners, But let me show you a chart that I absolutely know was a strong trender both in the morning and in the afternoon. How do I know it was a top trender??? Because I was trading it at the time..USDCAD

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Not too difficult to trade are they??? Top trenders..don't you just love em???

Oh and by the way forget about any of Mr Devontraders Fibonacci levels bullshite for entries or exits etc just wait till the 35lwma changes colour and exit, no bullshit just simple up or down, get in when it turns up get out when it turns down...

Keep it simple as ABCD.....
Feel the Fear and do it anyway!!!
  • #8,644
  • Sep 20, 2015 10:29am Sep 20, 2015 10:29am
Inserted Video



What bullsite....easy as abcd right??? Watch and learn ....as you say easy as abcd
Find the abc and trade in the direction of the top trender.Couldnt get simpler.Targets? 10 pips 20 pips????Watch the video for targets....d pointClive always shows on chart abcd and enters with cci on pull backs ( c point) Well here you go
  • #8,645
  • Sep 20, 2015 10:32am Sep 20, 2015 10:32am
Quoting devontrader
https://youtu.be/e8fv53ZSEI0 What bullsite....easy as abcd right??? Watch and learn ....as you say easy as abcd
How do I know its bullshite???

Thats easy too mate...

Because you're full of it......
Feel the Fear and do it anyway!!!
  • #8,646
  • Sep 20, 2015 10:37am Sep 20, 2015 10:37am
Quoting clivepackham
{quote} How do I know its bullshite??? Thats easy too mate... Because you're full of it......
not my workProvern method that works.Fib tool...All used in nature...life...trading.....google it ....a powerful edge
Fibonacci....harmonic pattern..........abcd.......google itBullshite? You decide !
  • #8,647
  • Sep 20, 2015 11:54am Sep 20, 2015 11:54am
Quoting clivepackham
{quote} You've more or less hit the nail on the proverbial head, you are going to have losers thats a fact and as you quite rightly say they are a cost to the business of forex trading, but like all successful business men we are going to keep those costs under control and as small as possible. Most importantly we are going to keep them smaller than our winners and hopefully a lot less losers than winners.. That is born out on your chart as there are 8 cci entries in total on this chart of which 6 are winners with 1 break even and the sole loser...
True Story.

I'm not sure about the top trender thing. Probably yes, it had a lot of smaller moves within two bigger ones. But very similar in shape as my last TopTrender EURNZD. So I'd say it was a top trender at the time.

USDCAD was beast at the time. I agree. Ibet you've had a lot of BEs in the afternoon though. But lot of winners as well. So nice trading day after all ) And that's how should be.
  • #8,648
  • Sep 20, 2015 12:25pm Sep 20, 2015 12:25pm
Quoting MidnightRun
{quote} OAPDave, To upload a file (your ribbon indicator), click "post s reply" - like you do to post a comment - then go to the very bottom of the window - below the "post new reply" button you see "Upload from computer", click it and find the file you want to upload (your indicator) and that's it. The ribbon may be helpful as it gives a good visual picture of the market. Thanks
Just to make sure I do not break the new rules of the thread I will not attempt to post but point you in the direction, as you know my charts are not MT4 but Marketscope hence I get all my indicators from Fxcodebase.com you will need Average Cloud page 54 and also need to load the 20 in 1 averages Indicator when you have done that just set the Cloud Indicator to 35lwma & 175 lwma hope that helps
  • #8,649
  • Sep 20, 2015 12:50pm Sep 20, 2015 12:50pm
I will never understand it. A guy starts a thread and shares all its parameters and then you have people come on and try and change it. He originally got the idea from me which is Basically buying and selling pullbacks I still trade that way but with no indicators or fibs or any influence except 2 patterns. We both are trading same way but I am not telling him to drop or add a thing and you shouldn't either. I trade for a living and now clive is attempting to do the same so unless your trading for a living leave him alone
  • #8,650
  • Sep 20, 2015 3:23pm Sep 20, 2015 3:23pm
  • #8,651
  • Sep 20, 2015 3:55pm Sep 20, 2015 3:55pm
Hi Clive,
As a new member I wish to Thank you for sharing your knowledge and indicators for the ABCD system, it makes the pull back system much easier to trade. In the past I have used the Trend Slope with Renko and found that it slows the platform, I find the same is now happening with ABCD template, don’t know if this can be avoided! I have opened a 2nd platform that I can use to place orders on another monitor to avoid any delay.
Can you please tell me how to reduce the Top 8 to the Top 4, I do not see this option in inputs? Also do not understand how to get those charts only to open.
I wish you every success in your full time trading, and please keep a close eye on us all in your forum and continue to advise. Thanks in advance.
Galatians VI As you sow so shall you reap.
  • #8,652
  • Edited 7:07pm Sep 20, 2015 6:50pm | Edited 7:07pm
Here's a question for anyone who has the answer. I've been trying for several weeks to download Clive's templates into my Mt4 templates. I don't have a problem with indicators. Can someone tell me what the individual indicators are that comprise the templates--maybe I can put them in my indicators folder one by one. (I've searched the web, BabyPips, You Tube etc.) If so, thanks.
  • #8,653
  • Sep 21, 2015 12:37am Sep 21, 2015 12:37am
Quoting thomond
Hi Clive, As a new member I wish to Thank you for sharing your knowledge and indicators for the ABCD system, it makes the pull back system much easier to trade. In the past I have used the Trend Slope with Renko and found that it slows the platform, I find the same is now happening with ABCD template, dont know if this can be avoided! I have opened a 2nd platform that I can use to place orders on another monitor to avoid any delay. Can you please tell me how to reduce the Top 8 to the Top 4, I do not see this option in inputs? Also do not understand...
Hi Thomond, welcome aboard

Ok you can set the top 4 by setting "show pairs" to 4 which will set the number of pairs in the table. Then put "top pairs" to 4 which will then only open the top 4 pairs.

As for platform running slow couple of things to try. I've found the MA_slope alerts indicator slows everything down so swap it for the MA in colour for your moving average.

Also try google my mt4 platform runs slow and it tells you how to speed it up by reducing number of look back bars etc. Theres a post here somewhere about it but you're have to find it yourself..

All the best Clive
Feel the Fear and do it anyway!!!
  • #8,654
  • Sep 21, 2015 1:02am Sep 21, 2015 1:02am
Quoting clivepackham
{quote} Hi Thomond, welcome aboard Ok you can set the top 4 by setting "show pairs" to 4 which will set the number of pairs in the table. Then put "top pairs" to 4 which will then only open the top 4 pairs. As for platform running slow couple of things to try. I've found the MA_slope alerts indicator slows everything down so swap it for the MA in colour for your moving average. Also try google my mt4 platform runs slow and it tells you how to speed it up by reducing number of look back bars etc. Theres a post here somewhere about...
under tools options i think....reduce history and bars shown on chart
  • #8,655
  • Sep 21, 2015 1:21am Sep 21, 2015 1:21am
Quoting clivepackham
{quote} How do I know its bullshite??? Thats easy too mate... Because you're full of it......
Strongly Agree
  • #8,656
  • Sep 21, 2015 1:26am Sep 21, 2015 1:26am
Quoting x58
{quote} Strongly Agree
no input of help end of
  • #8,657
  • Sep 21, 2015 1:47am Sep 21, 2015 1:47am
Quoting MidnightRun
{quote} OAPDave, To upload a file (your ribbon indicator), click "post s reply" - like you do to post a comment - then go to the very bottom of the window - below the "post new reply" button you see "Upload from computer", click it and find the file you want to upload (your indicator) and that's it. The ribbon may be helpful as it gives a good visual picture of the market. Thanks
Clive I've just found this thread and cant find the Indicators, I assume lw means 35MA of the LOW does it??
  • #8,658
  • Sep 21, 2015 2:01am Sep 21, 2015 2:01am
Quoting kooky
{quote} Clive I've just found this thread and cant find the Indicators, I assume lw means 35MA of the LOW does it??
lol thats good...try linear weighted moving average
  • #8,659
  • Sep 21, 2015 4:33am Sep 21, 2015 4:33am
Clive - how are you dealing with the situation where multiple opportunities occur at the same time on different pairs, particularly while you are in a trade already? I'm finding myself jumping around probably too much when I think I should really be focusing on the trade I have open rather than trying to grab everything that comes up!
  • #8,660
  • Sep 21, 2015 5:02am Sep 21, 2015 5:02am
Position taken less a minute ago

Reason: GBP/NZD is at the top of TTI price touched 175 lwma, CCI decreases, looks as a proper signal from Clive's system.
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