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  • #8,721
  • Sep 23, 2015 9:52am Sep 23, 2015 9:52am
Looks like a reversal after a strong 200 pip up move...
175 lwma turned red just a while ago.

In such cases (strong moves) I see that CCI up readings are weak, CCI with the parameter 5 is better so I will use it. I'll explain this later.

After a while CHF/JPY looks better.
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  • #8,722
  • Sep 23, 2015 10:16am Sep 23, 2015 10:16am
Ok guys going to slip back into my shell and watch from the side lines now that the thread is cool and calm and back on track, also you are all most likely a little fed up with me and my screenshots but I just after leave you with this last one, you can now see we have had the chart shift and the levels have doubled in size from one to another. With or with out Murrey Maths (they help me) Clives Method Works, keep up the good work guys
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  • #8,723
  • Sep 24, 2015 1:06am Sep 24, 2015 1:06am
Hi Clive,

I have a question regarding choosing the most strong pairs

Assume you want to choose most trendy pair,

You look at Currency Meter and see that currencies have strong, moderate and weak currencies, however they are changing FREQUENTLY ( going up and going down in minutes or in seconds )

You look at Top Trender indicator and see top pairs sloping down or up ( The slope of MA )


I have a conflict on decision making ,

The rule says, entering first and second CCI ob/os has much higher probability of success because we enter at the starting point of the trend , and as long as the trend continues, we have lower chance of success on next CCI ob's/os's .

Now my question is : if we rely on the Top Trender Indicator we don't actually enter early, because sharpening slope needs time to be developed.

And if we solely rely on the currency strength meter, they change regularly, sometimes within 5 minutes the strongest will be replaced by bottom currency.


How you choose the best pairs and enter first and second CCI reaction without confirming by the slope ?

If you have a Top trender confirmation it means you have already missed initial entry points of a trend, because Top Trender needs time to be developed, doesn't ?

Hope that I could explain my problem well !

If you enter at the beginning, it means there is no such strong trend yet,
And if you enter based on Top Trender, you cannot enter at the beginning of any trend !

Thanks
  • #8,724
  • Sep 24, 2015 1:45am Sep 24, 2015 1:45am
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  • #8,725
  • Sep 24, 2015 1:59am Sep 24, 2015 1:59am
Quoting Subrina_FX
Hi Clive, I have a question regarding choosing the most strong pairs Assume you want to choose most trendy pair, You look at Currency Meter and see that currencies have strong, moderate and weak currencies, however they are changing FREQUENTLY ( going up and going down in minutes or in seconds ) You look at Top Trender indicator and see top pairs sloping down or up ( The slope of MA ) I have a conflict on decision making , The rule says, entering first and second CCI ob/os has much higher probability of success because we enter at the starting point...
I do not use MT4 hence I cannot have Clives top trender indicator This is not the perfect answer but the way I get by, now Clive sometimes mentions the use of the 525lwma (35 x 15) when they all cluster together it means no trend at that point now watch them all part, then jump on board when you see the CCI signals
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  • #8,726
  • Sep 24, 2015 2:47am Sep 24, 2015 2:47am
Why can't all days be like today?
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  • #8,727
  • Sep 24, 2015 3:22am Sep 24, 2015 3:22am
Quoting GodsClown
Why can't all days be like today? {image}
Yes I agree its just that we expect to keep searching for the Holy Grail to find a method that never has a loss at any time
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  • #8,728
  • Sep 24, 2015 3:25am Sep 24, 2015 3:25am
Quoting OAPDave
{quote} I do not use MT4 hence I cannot have Clives top trender indicator This is not the perfect answer but the way I get by, now Clive sometimes mentions the use of the 525lwma (35 x 15) when they all cluster together it means no trend at that point now watch them all part, then jump on board when you see the CCI signals {image}
You can use a MT4 sideways, only as a signal generator and take positions at your broker. If you have any issues regarding installation I can help. Today I am flying out and will be back on Tuesday or Wednesday, when I'll be back I can help if you dont have a time today.

I use at this moment 4 top pairs, also have Clive's strongest - weakest indicator and 8 pairs with a top ADR (see below). This is a separate profile i use (attached). Oh, the profile will work only if you have indicators in proper place so I will prepare second set to upload if you wish.

I took one position today, earned 0.2 pips, to my surprise long position was in plus when market dropped a little, then I realized that I took short instead of a long. Well, a morning before coffee.
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  • #8,729
  • Sep 24, 2015 3:44am Sep 24, 2015 3:44am
Thanks TwoBooks for your offer but more than happy with what I have and how I trade, just do not want to be dragged into the world of having to rely on more and more indicators before I can take a trade, to me its not the winning trades that count (but I like them best) its how you deal with the ones that lose, much prefer to stick to a couple of pairs at most, understand them (do you ever) and then with a good money management plan increase the pip value of my trades
  • #8,730
  • Sep 24, 2015 4:05am Sep 24, 2015 4:05am
Quoting OAPDave
Thanks TwoBooks for your offer but more than happy with what I have and how I trade, just do not want to be dragged into the world of having to rely on more and more indicators before I can take a trade, to me its not the winning trades that count (but I like them best) its how you deal with the ones that lose, much prefer to stick to a couple of pairs at most, understand them (do you ever) and then with a good money management plan increase the pip value of my trades
Oh yeah I understand you, it took me some time to get used to situation when the pairs are automatically opened. I reduced pairs to four, maybe it would be even better to watch only two. I am hesitating between this auto approach and watching only 4-6 highest ADR pairs. Future will show which approach is the best one. Today I realized that I need simply more and more screen time, then, when I get more experience I will decide what is the best for me. I thing the number of pips is good but I would prefer steady growth of a capital curve, so after some time I would seek most probable, low risk, high reward setups, boring, repeatable and profitable.

I suspect that the best will be where CCI signal is backed with something more - for example a support/resistance at a hi/lo, or 025 line. Time will show. I am also interested in grade of the slope, time of a day, formations on CCI and M5/H1 situation. Currently I jus need more screen time, maybe a month or two to find the best part which suits me.
  • #8,731
  • Sep 24, 2015 4:19am Sep 24, 2015 4:19am
Quoting TwoBooks
{quote} Oh yeah I understand you, it took me some time to get used to situation when the pairs are automatically opened. I reduced pairs to four, maybe it would be even better to watch only two. I am hesitating between this auto approach and watching only 4-6 highest ADR pairs. Future will show which approach is the best one. Today I realized that I need simply more and more screen time, then, when I get more experience I will decide what is the best for me. I thing the number of pips is good but I would prefer steady growth of a capital curve,...
The best indicator I have is my account, I have split my trading account into 2. A BUY BANK and a SELL BANK so for instance if I take a BUY that fails I do a form of the dreaded martingale next time with the next Buy signal this could lead to a position were I take a 4 unit Buy and a 1 unit SELL, think you get the drift, it works for me anyway. Take a look at the 8.00 9.00 Breakout chart I posted how would you have traded it this week ?
  • #8,732
  • Sep 24, 2015 4:31am Sep 24, 2015 4:31am
Quoting OAPDave
{quote} The best indicator I have is my account, I have split my trading account into 2. A BUY BANK and a SELL BANK so for instance if I take a BUY that fails I do a form of the dreaded martingale next time with the next Buy signal this could lead to a position were I take a 4 unit Buy and a 1 unit SELL, think you get the drift, it works for me anyway. Take a look at the 8.00 9.00 Breakout chart I posted how would you have traded it this week ?
Well I dont understant your strategy, but at the chart it looks sound. It works best I suppose with a strong trending markets, so I would try to find the most trending markets using indices or just browsing through highest ADR pairs. Here TTindi on D1 would help I suppose - in finding strongest trends.
  • #8,733
  • Sep 24, 2015 4:44am Sep 24, 2015 4:44am
Quoting TwoBooks
{quote} Well I dont understant your strategy, but at the chart it looks sound. It works best I suppose with a strong trending markets, so I would try to find the most trending markets using indices or just browsing through highest ADR pairs. Here TTindi on D1 would help I suppose - in finding strongest trends.
We are getting off topic a little here, we will talk when you get back from your trip if it interests you
  • #8,734
  • Sep 24, 2015 6:37am Sep 24, 2015 6:37am
Tested me today but got there in the end, this is my 1 hour Gbp/Usd now have a look at it with Clives 1 minute Method another WINNER for Clive, thanks mate
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  • #8,735
  • Sep 24, 2015 8:16am Sep 24, 2015 8:16am
Been asked to put the same chart up with yes you have guessed it Murrey Maths Lines
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  • #8,736
  • Sep 24, 2015 8:46am Sep 24, 2015 8:46am
Quoting TwoBooks
{quote} You can use a MT4 sideways, only as a signal generator and take positions at your broker. If you have any issues regarding installation I can help. Today I am flying out and will be back on Tuesday or Wednesday, when I'll be back I can help if you dont have a time today. I use at this moment 4 top pairs, also have Clive's strongest - weakest indicator and 8 pairs with a top ADR (see below). This is a separate profile i use (attached). Oh, the profile will work only if you have indicators in proper place so I will prepare second set to upload...
Hi TwoBooks, I like the way you have those three indicators to one side very neat. I have downloaded your attachment, but as you say they have to be put in the proper place and i have not been able to do so. I would appreciate some help from you or from anyone that has succeeded in getting this indicator to work. The top ADR looks very useful, would you mind sharing this also. Thank you for all your posting and this link in particular. Wishing you a happy holiday.
Galatians VI As you sow so shall you reap.
  • #8,737
  • Sep 26, 2015 1:12am Sep 26, 2015 1:12am
Another else using tick chart? I find it easier to hit better entry vs waiting 1 minute bar to close
by the way I'm using 34 ticks
  • #8,738
  • Sep 26, 2015 2:06am Sep 26, 2015 2:06am
Hey Clive

Glad to see your back trading your original methodology. I have incorporated many of the idea in this thread into my trading. Thanks.
  • #8,739
  • Sep 26, 2015 7:54am Sep 26, 2015 7:54am
Quoting lunarus
Another else using tick chart? I find it easier to hit better entry vs waiting 1 minute bar to close by the way I'm using 34 ticks
Know exactly where you're coming from Lunarus, I haven't mentioned it too much before as I think traders struggle enough with 1 minute charts without introducing the Tick chart but of course thats where the actual price action is. Thats where we can clearly see "The Money" hitting the table.

When you think about trading and what we are all trying to achieve its trying to find a low risk entry point on a chart where we can expect price to go away from our entry quickly, so we can get to BE therefore getting our risk off the table quickly, and also places where we can also expect a higher return to each trade. in a nutshell bigger winners than our losers. Thats all successful trading is about smaller and fewer losers than our winners, quite simple...

Therefore we are trying to identify a reversal in direction back with the trend after a pullback, now it all starts on the tick chart so when I'm looking for a buy entry , where do you think the best place to enter on a tick chart is???

Exactly when it reverses back with the trend, so if I'm looking to buy when the 1 minute is in the right place eg oversold on my CCI then I watch the tick chart for it to stop trending down and reverse back with the trend... hence perfect entries that just fly away from my entry....

doesn't work every time obviously but more often than not so giving me a very low risk entry back with the trend....
Feel the Fear and do it anyway!!!
  • #8,740
  • Sep 26, 2015 8:00am Sep 26, 2015 8:00am
Quoting ozziedave
Hey Clive Glad to see your back trading your original methodology. I have incorporated many of the idea in this thread into my trading. Thanks.
Hi OzzieDave

Nice to hear from you, glad to hear I've helped your trading...

Yes I got diverted several times on my way, basically searching for that "Holy Grail" but all the time it was right under my nose just waiting for me to realise it. I'm sure I'm not alone on my journey as I'm sure many traders try all sorts of different methods before settling on the one that suits them best...

I'm not for changing anymore I'm more than happy where I am now and just need to practice, get my discipline sorted and my confidence soaring and I'll be done...

All I gotta do now is make it work on a consistent basis with real money and I'm done....
Feel the Fear and do it anyway!!!
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