Trading is as simple as ABCD | Page 434 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gartley/bat/crab/butterfly/abcd/three Drives Pattern Indicator Help 50 replies

Abcd fibo retracement trading journal 109 replies

ABCD - My way 122 replies

ABCD Fibo 82 replies

abcd patterns 1 reply

Attachments: Trading is as simple as ABCD
Exit Attachments

Trading is as simple as ABCD

  • #8,661
  • Sep 21, 2015 5:07am Sep 21, 2015 5:07am
Position closed at 19 pips in 4 minutes. Now I am looking for a slight correction up and a breakout short.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 282 KB
  • #8,662
  • Sep 21, 2015 5:16am Sep 21, 2015 5:16am
Next position closed. Opened after breakout of a flag but market had no momentum so I after a minute I was yhinking about closing it and finally after 2 minutes decided to close it. Seconds after matrket exploded up.

Conclusion: I believe it was sound entry, good position management and good decision to run out. Now waiting for a next short
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 154 KB
  • #8,663
  • Edited 5:40am Sep 21, 2015 5:22am | Edited 5:40am
Position taken too low, market trushed while i was taking a position. 8 pips in a fraction of a second.
Decided to exit immediately but it went 6 pips down so after taking SL i secured position. Closed a while after that.

Assesment: Entry two, three seconds late. Good position management. Loss of a fraction of pips.

Conclusion - I know this pair too little, I should study it better. Anyway I am looking for a next short.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 166 KB
Click to Enlarge Name: Image2.jpeg Size: 159 KB
  • #8,664
  • Sep 21, 2015 6:05am Sep 21, 2015 6:05am
Quoting TwoBooks
{quote} Oh yeah, I want to apologize for disturbing the thread, Hurst is interesting to me for personal reasons, but I will restrain posting there anything about this method. And also I am not feeling sufficiently strong to start a thread about it by myself. Sorry again folks for this unpleasant situation.
TwoBooks I can see that you are a very good guy and trader, you could add a lot to this thread, but after posting the above why do you still post this Hurst Method here, myself I do find it a little interesting but not something I really want to get into at the moment, perhaps you could do as Clive requested and team up with Devontrader and start a new thread I am sure some of the guys would understand it more showing how and why you take trades and the out comes, again I must say it deserves its own thread so with all the success D/T is having I am a little surprised in the reluctance to start one with your good self showing us the trades like you and Clive have done. Please sort it could be very informative to us all, but as a stand alone thread. To be honest how good you seem as guy and a trader I would just like a heads up on Pure Clive Trades to keep me on the right track now that the Boss is trading and will only drop in from time to time
  • #8,665
  • Sep 21, 2015 8:09am Sep 21, 2015 8:09am
Quoting OAPDave
{quote} TwoBooks I can see that you are a very good guy and trader, you could add a lot to this thread, but after posting the above why do you still post this Hurst Method here, myself I do find it a little interesting but not something I really want to get into at the moment, perhaps you could do as Clive requested and team up with Devontrader and start a new thread I am sure some of the guys would understand it more showing how and why you take trades and the out comes, again I must say it deserves its own thread so with all the success D/T is...
Hi Dave, my bad, thanks for being honest and also thank you for your kind words.

I removed Hurst envelopes from my screen. I dont use them for entry, In fact I wanted to test them how much they fail I mean that Clive has written before that he didnt took a position due to closeness to the "outer band" hovever I have seen that frequently price cuts out through those bands. Maybe it is a normal behavior when we are dealing with the pairs with a strongest slope? It might be so, which means that bands are not quite good as a targets. On the other hand it is a problem to pinpoint proper moment of entry using envelopes, so I do not think they are useless here - but rather eventually needs further testing. Yes, maybe it is a good idea to stsrt a new thread but not about the Hurst system but about what it can and cant do. I do not want to hijack Clive's thread. So this is my last post with Hurst methods mentioned, again sorry folks, forgive me, have a nature of a relentless scientist with not so good human skills, please take this into account.

Below: took another one +7 pips.

Opened due to price being below green and a 00 line, market couldnt push through it for half an hour, CCI was decreasing (although not crossing a 100 CCI line prior the moment of trade). I would call this trade not 100% in agreement with all Clive's rules. In the picture below you see secured position. SL = entry level.

Exit due to market slowness.

Every time I take a trade demo I ask myself if I put on it my money live, for example a grand, and in case of this one the answer would be no, I took this one rather for research what will happen in this place. I have so small experience at this moment with Clive system, maybe it will take me a month to be better.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 142 KB
Click to Enlarge Name: Image2.jpeg Size: 138 KB
  • #8,666
  • Sep 21, 2015 8:13am Sep 21, 2015 8:13am
Market reversed sharply, two lwma's crossed, I am waiting for the first pullback, it can be shallow.
The best place for entry would be a 50 line after CCI signal (below 100 line and decreasing)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 133 KB
Click to Enlarge Name: Image2.jpeg Size: 139 KB
  • #8,667
  • Sep 21, 2015 8:26am Sep 21, 2015 8:26am
No problem TwoBooks, please stick around and keep posting your ideas on Clives Method, hope the thread will not mind but this would be my view of your chart using Clives Method and using Murrey Maths just to mark out the pitch, Murrey is off subject but just lets you eye ball price to were it is in the bigger picture
Sorry just spotted I have put up the Eur/Aud by mistake silly me
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 69 KB
  • #8,668
  • Sep 21, 2015 8:34am Sep 21, 2015 8:34am
Position opened properly, according to the rules (both lines have the same color, CCI is decreasing agret crossing -100 level, 2 pips above the green candle), position closen due to error, I thought that I opened second position at the same time and tried to close it. F...k.

Hey folks I am used to take screen at every important decision point, it helps me to clarify and and speeds building experience, but at this moment I am not sure if it will be too much for this thread, maybe I will post only screens with completed transactions? As I mentioned before I dont want to offend Clive in any way, but if I am fully in into something then I work a lot,and maybe not everyone likes that.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 140 KB
  • #8,669
  • Sep 21, 2015 8:36am Sep 21, 2015 8:36am
Sorry TwoBooks for my mistake here is the Euro/Nzd
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 76 KB
  • #8,670
  • Sep 21, 2015 8:45am Sep 21, 2015 8:45am
Short info about my trade analysis method, it speeds the process of learning, I developed it some time ago and it worked great.

1. First screen at the moment of transaction - we got a picture of the marker at this moment. It serves after some time to judge if a position is according to all the rules (two lines the same color, CCI after crossing a 100 line and dec=reasing), position taken 2 pips above/below signal candle. This speeds up learning of proper pre-trade analysis. Decreases quickly number of errors with entry.

2. Screens at important points / moments of decision. This steps speeds learning position management. I can review this and judge if my decision process regarding tm was sound and accordinbg to my rules.

3. Screen at the moment of exit, just after that, not 10 or 20 minutes after. This helps in analysis if the decision of exit was proper. What market did after my position is most of the time irrelevant, sometimes I like to see what market did after that but these screens have to be separated, eventually it might serve as a input to preparation of a new set of rules for exit.

4. Post trade analysis, conclusions, improvements, remarks.

Maybe I will take positions and put one document here at the end of a day, it would be a single one, not many. Eventually if I have a question to Clive I will post it here separately.. I think it would be better for us all.
  • #8,671
  • Sep 21, 2015 8:55am Sep 21, 2015 8:55am
Quoting OAPDave
No problem TwoBooks, please stick around and keep posting your ideas on Clives Method, hope the thread will not mind but this would be my view of your chart using Clives Method and using Murrey Maths just to mark out the pitch, Murrey is off subject but just lets you eye ball price to were it is in the bigger picture Sorry just spotted I have put up the Eur/Aud by mistake silly me {image}
Thank You Dave, can you explain the trade setup using your picture of it? Is it proper that I took long? I see green area here so I think yes.

By the way I must admit that I am angry at myself, closed most profitable position of the day so far due to a technical error. And admitting it I will relax and not to allow this to interfere with the next positions I will take today.
  • #8,672
  • Sep 21, 2015 8:58am Sep 21, 2015 8:58am
Quoting TwoBooks
{quote} Hi Dave, my bad, thanks for being honest and also thank you for your kind words. I removed Hurst envelopes from my screen. I dont use them for entry, In fact I wanted to test them how much they fail I mean that Clive has written before that he didnt took a position due to closeness to the "outer band" hovever I have seen that frequently price cuts out through those bands. Maybe it is a normal behavior when we are dealing with the pairs with a strongest slope? It might be so, which means that bands are not quite good as a targets....
reading your post it is clear you dont inderstand hurst method....read the book...pdf provided in group
  • #8,673
  • Sep 21, 2015 9:16am Sep 21, 2015 9:16am
Quoting TwoBooks
{quote} Thank You Dave, can you explain the trade setup using your picture of it? Is it proper that I took long? I see green area here so I think yes. By the way I must admit that I am angry at myself, closed most profitable position of the day so far due to a technical error. And admitting it I will relax and not to allow this to interfere with the next positions I will take today.
In my view yes, After all I have said must be mindful to Clive talking about Murrey Maths but if you think of them as Pivots once you see what you think are support/resistance levels and price as tested them price will attack the next nearest level and test that, some levels are more important than others hence the labels and line titles if you add range to the view you then can have a guess on how many lines can be reached
To me its just marking the pitch out and fitting Clives Method over it then finding the best zone to trade, in respect to the thread will not go into depth on Murrey can point you to some info if you would like
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 68 KB
  • #8,674
  • Sep 21, 2015 9:29am Sep 21, 2015 9:29am
TwoBooks last screenshoot of Eur/nzd for the last 32days think I am going to get a b*****king soon
so Daily view over the last 32days
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 63 KB
  • #8,675
  • Sep 21, 2015 10:03am Sep 21, 2015 10:03am
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 it but you're have...
Hi Clive, Thanks for prompt reply. I have changed MA in color and history, so will see if this helps.
Cannot find "top pairs" to change to 4, but will keep trying.
Thanks for your help. Best wishes.
Galatians VI As you sow so shall you reap.
  • #8,676
  • Sep 21, 2015 10:10am Sep 21, 2015 10:10am
Quoting devontrader
{quote} under tools options i think....reduce history and bars shown on chart
Hi Devontrader, Thanks for help, history exactly where you said. Regards.
Galatians VI As you sow so shall you reap.
  • #8,677
  • Edited 10:56am Sep 21, 2015 10:31am | Edited 10:56am
Quoting mary4x
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.
Hi Mary, I had the same problem getting templates to work, so I did the following. I am sure there must be an easier way, but anyway here goes.
Open MT4 go to File/Open Data Folder/MQL4/Indicators
then copy and paste all the indicators from where ever you saved them.
Do the same with the templates. File/Open Data Folder/Templates. Close and reopen MT4.
All twelve indicators seem to be in the templates. As I am sure you know you can make up and save your own templates. To save space on charts there is no need to have Top 8 trenders in each chart, I only have it in on one chart.
Hope this helps.
Galatians VI As you sow so shall you reap.
  • #8,678
  • Sep 21, 2015 10:58am Sep 21, 2015 10:58am
This is great, Thomond! Thank you so much. My sister and her daughter are visiting your lovely country right now.
  • #8,679
  • Sep 21, 2015 11:24am Sep 21, 2015 11:24am
Quoting mary4x
This is great, Thomond! Thank you so much. My sister and her daughter are visiting your lovely country right now.
Hi Mary, you are very welcome. Hope your sister and her daughter enjoy there visit here.
Galatians VI As you sow so shall you reap.
  • #8,680
  • Sep 21, 2015 4:10pm Sep 21, 2015 4:10pm
Here is TopTrenders indicator for backtesting. Non repainting, works on M1 timeframe like M5 TopTrenders. Displayed value = position on top trenders list. Settings:
tf1 = 1 (instead of M5, but we multiply by 5 tf1malength and tf1lookback)
tf1malength = 175 (35 * 5)
tf1matype = 3 LWMA
tf1maprice = 0 Price Close
tf1lookback = 60 (12 * 5)
Attached File(s)
File Type: mq4 TopTrenders.mq4   5 KB | 350 downloads
6 traders viewing now