Trading is as simple as ABCD

quick draw auto v2.ex4

Not sure that I have attached correctly!

Yes Thomond, you attachment woks well.

Sometimes on certain pairs there are no lines, but when you change settings from 500 (default) to 700 new lines appear.

Thanks TwoBooks for letting me know that it was downloaded/uploaded ok.
I have not had any trouble so far it shows every 25 pips. I have changed to a bright color, so it is much easier to see the lines.

Wow, wow....wait a minute....
Who said "Trading is as simple as ABCD" ????

Trading is as simple as AB is what the screenshot says. LOL and LMAO

Come on...442 pages for this? What?



same period of time as post 8,811

Hey Clive, my old friend...

please excuse the little joke. Couldn`t resist. Too funny.

Ok, now back to serious things. Trading is the hardest thing for all 350,000 FF people, otherwise it would be very
quit here.
Thank you for all your hours of writing, answering, explaining with so much patience. You could have made 10,000 of GBP in that time.

To explain the joke: I trade the M5 with mtfMA set to 30, price median, linear weighted

...and the best Hull MA I have ever seen ( a pro scammer is selling this little piece of software for 100 bucks and calls it a super duper high performance thing, but it is the same thing running in M5 set to 28 and trade only the colorchange, no other indi)

Here it is 0, 180, 0.0, 1, 2, 1, 1

The M5 is five times calmer than M1 and it is hard enough to manage the marketmaker-made chaos of candles.

Please try the mtfMA I posted.

I use 30, but if you go in the M1 Timeframe use two of them, first 35 lwma set to current timeframe and the second one 35 lwma set to timeframe M5 and you got the same picture like Clive has.

Please keep in mind what Clive said, you never know if a wave is a realy big one. The example is traders dream most of the time chaos is the boss.

Thanks, I didn't know about that.

Your very welcome JRob, link for that indicator is in post 8821 if you want it.

I just laught so hard when I read this
The best Hull MA? That remindes me of this:
http://www.forexfactory.com/showthre...52#post8195352

Who knows why?

Hi Wolfy...

Who said the Germans haven't got a sense of humour?????

Sorry Wolfy , just couldn't resist it....

But seriously, great post...

Hi Twobooks

Hmmmm I can see where you're going wrong there my friend and I think I know why too....

The problem with your entries are that they are far too late in the 1 minute move you need to be entering just after a colour change on the 35lwma. Look at the earlier entries just after the colour change...

I know why too, its because you're following the 5 min top trender which is great but you have to catch the first pullback in the new trend just after the 35lwma changes to red...

I've been thinking for a long time to just trade the 35lwma colour changes and forget about the 5 min trend as it is keeping us out of some great earlier trades on the 1 minute timeframe. I've built this whole system around trading in the direction of the 5 minute strong trender but of course that means we miss the earlier turns...

So if you are going to trade the 5 min strong trends then you have to wait for the 35 to change colour to the 5 min direction then look for your CCI signals especially the earlier ones and definitely not the later ones... What happened to you there is the 1 minute made its move down (wave 3) and was about to pullback (wave 4) when you started to get interested , I'm sure because GBPAUD was top of the TTindy.

I'm gonna do a post on this whole subject of catching these 35lwma colour changes and getting into the new trend at the start, the best place to enter a new trend is the first pullback and thats what we're gonna do from here on in, no more playing with the tail lets attack the head.....

Will post later how we're gonna do this going forward....

Hi Clive im having the same problems see my mail 8502776
looking forward for your new post

Hey GodsClown,

can`t remember exactly where I got this great HMA from, but if it is your bagy.... thank you, thank you so much.
I even paid money for other HMA, but the coder made it that bad to make us wannabe traders buy more indis.
I mean selling indis is a huge business.
By the way, thank you for all your effort and making this thread even more valuable.
Thank you.

Hey Clive,

I would say we germans are real clowns meanwhile. Look at what this stupid cow is doing to us with letting 1 million more mouths to feed in our country, instead of solving the problem where it happens. We have to pay for it, we have to give away everything we build since 70 years. The whole world is laughing at us since we got this silly goat pranking us.
If we don`t have a great sence of humor, who else does?

Age old problem my friend instead of teaching them to fish for themselves she just keeps giving them the fish... Hows that gonna help anyone in the long run???

Anyway I'm glad we can have a bit of friendly banter between us , you certainly have a good sense of humour thats for sure...

Ok time for some serious stuff....

Now i regularly get asked about the TTindy and how it gets us in late to the trend and yes thats true to a certain extent but I think the crux of the matter is people don't fully understand what I'm doing and also don't fully understand how best to use the TTindy for finding the best setups so I will deal with both issues here today ...

So firstly lets talk about my trading philosophy as once you understand that then the rest will fall into place, including how to use the TTindy most effectively..

My philosophy is very very simple, price can only go up or down so find a chart that is clearly going one way or the other then look for a pullback to enter in that direction.



My definition for up or down is simple too, if the 35lwma is green we're buying looking for oversold CCI signals for entry and if its red we're selling looking for CCI overbought signals..

So a chart to demonstrate that..



Now I've only got the 35lwma on this chart for clarity as I want to make sure everyone gets the message. Price is going down when the 35lwma is red and its clearly going up when its green. The 35 is excellent for picking out the 1 minute trend so when its green we're going up when red going down so never forget that...we never trade against the 1 minute trend ever!!!! Well actually there is one exception to that rule that I'll cover later...

The one minute trend is in charge, price goes where the 1 minute trend goes, its the master , its the leader of all the other trends and creates the other timeframe trends. Thats because its the money coming to the table creating those trends and its the money that will dictate the direction. Thats why we are going to follow it wherever it takes us...We can't make the market , we can only follow it by following the one minute trend..

Ok so we are only going to trade in the direction of the 35lwma but when do we enter??? Where is the best place to enter any trend????

The best place to enter any trend is at the start on the first pullback..

But where is the start of a new trend???

I'll refer you back to my last paragraph, the one minute trend is the start of all trends so the start of a new trend is when the 35lwma changes colour. This is the start of every trend, how far its going to go is another question all together, it might go 1 pip or 1,000 pips we just don't know, but what we do know is that every move starts with this turn on the one minute..how far ?? Who knows???

So we need to enter as soon as we can after the 35lwma changes colour on the first pullback of that new trend and the first pullback is the first CCI signal, so if selling as in this example then take the first overbought CCI signal, maybe first two but no more, even though we can see then working on this chart above but the CCI signals after the first two are unreliable and to be left alone.

So the most important point here is to only take the first 2 CCI signals at the most as close to the colour change as possible. Take half off when price falters or CCI crosses back over zero line, hold the other half on the 35lwma colour change. From the chart above first move down we would get 30+60 from first CCI signal and 30 and 20 from the 2nd CCI signal. thats it job done on that move...

The next move is up when it goes green but with no CCI signals we have no entry but when price turns down again we have two more CCI entries similar to the first move..

So thats it thats exactly what we are looking for from our 1 minute charts and you could trade it just like that using only the top ADR pairs which for me are the GBP and EUR pairs GBPAUD, EURAUD, GBPNZD, and GBPJPY you can add CAD pairs to that if you wish EURCAD & GBPCAD.

Then all you do is wait for the 35lwma to change slope and go for it...

OK so thats trading the 1 minute completely on its own , no 5 min trend and no TTindy, thats the basis of the system up or down depending on the 35lwma...

Now lets add a filter and only trade in the direction of the 5 minute trend so the 35lwma from the 5 min which is the 175 on the 1 minute chart. On the same chart I have added the 175lwma (5min 35lwma) to see how that effects our trading..



Now remember the basic idea to trade the 1 minute trend but now we're gonna trade it in the direction of the 5 minute trend so we need the 175 to be red and then we must wait for the 35lwma to also turn red before we can take any entries...But after price drops down below the 175 we can look for CCI signals and the first one is the 2nd one in the actual red 35lwma run so thats fine, but the next one is the third CCI signal in the red run so could be risky and should be left alone. remember we are only taking the first two CCI signals after the colour change as the ones after that are risky...

Sure this one works fine this time but its risky....

Then we have our 5 min pullback the 35lwma turns green so no selling whilst its green, we can't sell when the trend is up can we???

Now 35lwma turns red again and now we can start looking for our 2 CCI signals to trade... and they appear very quickly and away you go..

So remember wait for the 35lwma to turn back with the 175 trend before looking for entries and again enter as soon as you can after the turn...

Last chart today and its a continuation of the same 5 minute move from the chart above so the same 175 red run. Lets look how it works out..



I've marked each slope change on the 35lwma so you can start looking for your CCI signals after each turn down...You can see you won't always get a CCI signal after a turn so no trade like the first turn down. The second arrow is a valid entry for me even though its a green 35lwma, this is the only time we trade against our 35lwma. The only time I will do it is when I get a CCI signal off of the 175 lwma as these are very good entries as its the 5 minute traders coming back to the trend.. I get some very powerful moves off of the 175 so to me it justifies breaking our 35lwma rule.

The last arrow is about the best example when price crosses through the red 35lwma again with the 5 minute trend and wham its gone. Unfortunately no CCI signals to enter on. Now it seems a shame to missout on moves like that and when you're trading with a strong 5 minute trend like this they quite often go just like that so I have recently been entering as price crosses the 35lwma by placing my sell stop below the break through candle but its riskier and you will get losers but only 10 pips so well worth the risk for a 60 pip run like this...

OK so thats how you can trade this strategy without any use of the TTindy by either following the 35lwma turns alone or by following the 35lwma after its in line with the 5 minute, so finally I want to discuss how the TTindy can be used to help this even further..

For that I'm going to look at the TTindy as it finished on Friday so as it is right now to see how it can be used to enhance this system further.



As you can see the GBPCAD is top of the TTindy so here is a typical chart you can expect from a TTindy pair. this is how the TTindy finished Friday so its a true representation and not me hand picking a chart..

The first thing I want to say is remember what we're doing here, we are trading the strongest trending 5 minute trender on our 1 minute charts so we must wait for the 35lwma to swing into line with our 5 minute trend (175lwma) before trading..

Firstly the TTindy looks back one hour so I reckon this would have come to the top around about where I've marked the first yellow arrow so we miss the first two trades marked by the red arrows so the question is should we trade the 3rd CCI signal??? Probably too risky but of you do take CCIs after the first couple just bank the full run I wouldn't hold half after the first two, just bank any you take..

So once the pair hits the top of the TTindy it will invariably be on a 35lwma red run so you will have to work out which CCI signal you are on and if its more than 2 then think seriously about taking the next one..better to wait for that run to end and the resulting pullback (green 35lwma) to finish jump on the next turn down on the 35lwma. As you can see there were 5 waves to this 5 minute run, does that ring any bells?? 5 waves????

Typically, but not all the time, you will see 5 waves to a move thanks to our friend Elliot so again bear that in mind before taking the next move down, maybe look for the ABC move at the end of an Elliot wave and take that turn????

So what you can see from using the TTindy is not to just jump in because its top of the TTindy, you will still have to wait for the 35lwma to come into line before trading it and also only enter the first two CCI signals after each turn...

Well thats about it thats what I'm doing from here on in any questions fire away and I will try to answer best I can but I'm not around much durring the week..

Have fun and green pips to you all..

Your words say it all.

Brilliant summary Clive. One quick question, can you clarify your exits or point me to a post where you explain them. Not sure if you use a reverse signal or exit when the 35 changes colour. I'm going to have a go of this system next week, got plenty of time as my work contract has just finished. Many thanks Clive.

REF POST 8836 Last Picture GBPCAD M1

MOVING AVERAGES --- LAG ! USE SOMETHING ELSE !!

Hi Moonie

The courts still out on the "perfect" exit routine and in a live market I'm struggling with my discipline,get shaken out all the time and bank at first sign of trouble, but heres a couple of exit options to consider...

Exits are down to personal choice but in a perfect world I would enter on first 2 CCI's banking half at end of first impulse move say on average 20 pips then hold the 2nd half on the 35lwma colour change the other way so I'd end up with one full positioned banked and one full position going forward to the end of the trend when the 35lwma changes colour.

Great in theory but not so easy in practice as very often the 2nd half gets taken out at BE so then I resort to just bank the first move generally when I feel its run its course and its faltering...

One way that I haven't quite got the balls for is to use Pres78's paper break even method. Bank first half at lets say 20 pips then leave your stop alone at its initial 10 pips and see if it survives the next pullback?? Its got much more chance of surviving if left at the initial support/resistance level you had it at...Bank 2nd half at change of the 35lwma colour.. But I haven't done it because I like to get to BE quickly to protect myself against any sudden spikes against me..

Writing that down has just made me realise something, I haven't been using Pres78's method because I like to get to BE quickly in case the trade goes against me so avoiding many losers, but of course once at BE my stop on my 2nd half is in danger of being taken out. So the 2nd half doesn't survive the retest..But what if I was to still do that and move to BE at say 10 pips to protect my account but once I've banked half at say 20 then move my stop from BE back to the initial stop??

Best of both worlds, still protect myself against the loss by moving to BE quickly, whilst I have the full trade at risk, but once I've banked something then move my stop from BE back to its initial support / resistance level so giving my 2nd half a chance of surviving until the 35lwma changes colour..

Meanwhile if it does come all the way back and take me out I've still got a net profit of 10 pips at half size...

Hmmm might give that a go next week, we let you know how I get on...

EDIT: Just been looking at loads of charts with the perfect exit in mind and I think we have to bear in mind that we are using 10 pip stops so anything over 20 pips is a very good result, 30 , 40 pips absolute dreamland... If we can get 1:2, 1:3 and 1:4 ratio winners on a 50/50 win/loss ratio you've got a very very good trading system.
The more I look the more I realise those bigger runs are rare compared to these 20 pip runs so I'm thinking, high probability exit?? Just bank your CD leg and be done with it....