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  • #8,841
  • Oct 4, 2015 1:38am Oct 4, 2015 1:38am
Ref post 8839

Take your entry ...first arrow with stoploss
Second arrow you add to your position cos 175lwma is red down
3rd arrow add to position move stop to prior swing high

And so on

Exit?? Lol ill let you work out how to spot end of the 175 lwma move as to tightening your stop.

Simplesss
  • #8,842
  • Oct 4, 2015 2:06am Oct 4, 2015 2:06am
thanks for your detailed explanation
next week i will try it again with the adrpairs
i have to be patient i have not so many time to trade and always jump on the first signals that i find
at how many pips you go to BE?
last week i tried 2.5 pips but got stopped out every time
  • #8,843
  • Oct 4, 2015 2:13am Oct 4, 2015 2:13am
Quoting kwinwls
thanks for your detailed explanation next week i will try it again with the adrpairs i have to be patient i have not so many time to trade and always jump on the first signals that i find at how many pips you go to BE? last week i tried 2.5 pips but got stopped out every time
Hi kwinwls

I go to BE after a bout 3 or 4 mins or 10 pips whichever comes first. The best CCI entries early in the move just fly, the later ones hang around a bit so the answer is those earlier entries as soon after the colour change as possible...

The one thing that makes this work is to get in just after a colour change, thats where all the new energy is in the move. Then the price moves away quickly from your entry, it doesn't come back too often and it all comes together nicely, at the end of the move its just painful...

If I could give one piece of advice to anyone trading the 1 minute charts it would be , Get in early just after the colour change....
Feel the Fear and do it anyway!!!
  • #8,844
  • Oct 4, 2015 4:05am Oct 4, 2015 4:05am
Hi Clive, thank you for your comments to my entries, I appreciate it

I have read carefully your last posts and have some questions and remarks, hope useful.

First I want to sum up what I understood from them.

You have two ways to enter the trend.

First when trend is starting you take first two signals for obvious reasons (backed by many charts here) they are the best ones.

Second, when after first bigger pull-back both lines lwma have the same color - again first two signals are the best ones.

Ok, I will play devils advocate here

First setup: TTindy shows us a steppest slope on M5 what also means that we do not have opportunity to entry soon as the trend starts. Yes, we do have TTindy on M1 - and this needs further study. I expect there is some effort needed to choose the best, most reliable signals.

On the other hand TTindy can show us where money are today and I believe show us a main direction of moves on certain pairs. I'll explain it in a minute.

Second setups: When we are in a strong trend and 35 lwma is starting in the direction ofa main trend the situation is obvious. SIgnals pay insanely well.
And we should only deal witha a situation where either pull-back is incomplete (unavoidable in my opinion) and when market reversed and we are trading against the main move.

But here I believe TTIndy on M5 gives us a certain advantage in this situation. I believe (it is logical although I am not sure) that M5 TT indy shows us a direction of a main inflow of money during the session. On M5 moves are not small, they require millions.

So maybe it would be safe to

1. Use TTIndy to foresee the main direction of market during a session. For example if 175 lwma is red on top 4 trenders at the beginning of London session - it would be a suggestion that these pairs will fall.

2. We are waiting for a stronger pull-back (35 lwma is green in the example above)

3. We are taking first two CCI signals (after 35 lwma is red again).

4. We are aware that certain events can change the direction of a main trend, for example news, long term trendlines, big levels of support and resistance (H4 or daily) and take this into account when entering or managing an open trade.

5. We use TTIndy only once, at the beginning of the session, then we wait for the end of a correctve move, we do not use TTindi again.

To sum this alll up - I would take first two signals on top 4 TTindi pairs where TTindi pointed me the direction in the beginning of the London session, first two signals, after pull-back, on pairs where there no red news and no strong sup/res levels which may act as a direction changer.

Hope you forgive me my English, sometimes I am laughing at myself writng all this
  • #8,845
  • Oct 4, 2015 5:15am Oct 4, 2015 5:15am
Quoting thomond
{quote} 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.
it works well on all pairs except GBPNZD pair. anyone has similar issue?
  • #8,846
  • Oct 4, 2015 7:04am Oct 4, 2015 7:04am
Quoting TwoBooks
Hi Clive, thank you for your comments to my entries, I appreciate it I have read carefully your last posts and have some questions and remarks, hope useful. anger.

Hope you forgive me my English, sometimes I am laughing at myself writng all this
Your English is great probably better than mine...but certainly better than my other language, which is none.. Thats the trouble with being English it makes us very lazy as most other countries learn English at school so we don't need any other language , just have to shout a bit louder or slower if the listeners not very good at English...

Anyway great post and yes I agree with most of your points. Especially the following..

 

  1. Best to take 1 minute trades in same direction as 5 minute trend to get bigger runners.
  2. Enter at the start of the 35lwma colour change back with the 5 min trend direction.
  3. Enter on the first 2 CCI signals in the move any later ones are risky as could be reversals and not pullbacks.
  4. Yes use the TTindy at the start of the market to catch the London breakout trade.
  5. Look at the TTindy before the new market opens to see which pair has been the top trenders(top 4) overnight and look for those to maybe reverse as the London traders use the reversal to provide the liquidity they need for their massive orders.
  6. Remember all trends end sometime so a strong trender is a high probability candidate for reversing at anytime so watch out for when it crosses the 35lwma as a first possible sign it might be reversing which will be confirmed when it eventually crosses the 175...

I'm tending to trade the 1 minute turns as a standalone strategy not too worried about the 5 min trends etc as markets range 70% of the time so the high probability trade is the ranging market not the trending market. However like it when the 1 min turns with the 5 min but not 100% necessary.

The best swinging pairs with the biggest ADRs are the best to trade as each turn on the 35lwma will give you more pips than say eurusd or gbpusd or eurgbp. I like the GBPNZD, EURNZD, GBPAUD, EURAUD, GBPCAD, EURCAD, and finally GBPJPY and EURJPY so basically GBP and EUR pairs of NZD,CAD,AUD and JPY.

Firm believer that the 1 minute leads the way(after the tick box of course) so just follow the 1 minute trends until they end...

Feel the Fear and do it anyway!!!
  • #8,847
  • Oct 4, 2015 11:32am Oct 4, 2015 11:32am
Thanks Clive, I've got your templates loaded and am ready for the London open tomorrow morning. Once I've got a few weeks uber my belt, I'll have a go at your '2 positions' idea. Hope for green pips.. Moonie.
Quoting clivepackham
{quote} 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...
  • #8,848
  • Edited 11:54am Oct 4, 2015 11:38am | Edited 11:54am
Quoting clivepackham
{quote} Your English is great probably better than mine...but certainly better than my other language, which is none.. Thats the trouble with being English it makes us very lazy as most other countries learn English at school so we don't need any other language , just have to shout a bit louder or slower if the listeners not very good at English...
Hahahhahahaha, you have enormous sense of humor, I love it!!!!

I am living near to London third month and I am amazed how people here are friendly, polite and helpful. Certainly your country is blessed, I really, really love it...

Quoting clivepackham
{quote} I'm tending to trade the 1 minute turns as a standalone strategy not too worried about the 5 min trends etc as markets range 70% of the time so the high probability trade is the ranging market not the trending market. However like it when the 1 min turns with the 5 min but not 100% necessary. The best swinging pairs with the biggest ADRs are the best to trade as each turn on the 35lwma will give you more pips than say eurusd or gbpusd or eurgbp. I like the GBPNZD, EURNZD, GBPAUD, EURAUD, GBPCAD, EURCAD, and finally GBPJPY and EURJPY so basically...
My plan for the next week has two goals.

1. Test "first 2 CCI signals" after M1 trend will join M5 trend. Ideally after TTindi points at London open a main direction of a move. On the other hand your "range" startegy also looks promising, I started trading your system looking at top TTIndi on M1, with some success... I will think it over...

2. Research standalone M1 strategy but with a little twist - "first 2 CCI entries" after I see/suspect that a pullback on higher TF ended (regardless of 175 lwma). I think this is a strategy that can give us more pips with less trades, less stress and less risk. I have a friend who constantly makes a 100% every week using this approach, week after week, so I would like to create my version of his successful strategy using your entries and indis on top 6 ADR pairs.
  • #8,849
  • Oct 4, 2015 12:55pm Oct 4, 2015 12:55pm
Thank you for this strategy

I've also got a question:
Is it best to trade this strategy when a new market opens ...or can you do it whenever a new trend starts?
And what about news announcements?? Stay out the first hour before/after red news or ...
veni vidi vici
  • #8,850
  • Oct 4, 2015 1:52pm Oct 4, 2015 1:52pm
Quoting mansan
Thank you for this strategy I've also got a question: Is it best to trade this strategy when a new market opens ...or can you do it whenever a new trend starts? And what about news announcements?? Stay out the first hour before/after red news or ...
Best to trade this strategy around market opens for sure as thats when the new money is coming to the table in its billions so creating some nice 1 minute trends to trade..

can you do it when new trend starts ?? Thats exactly what you do every time the 35lwma changes colour is the start of a new trend in my book..

News announcements are great trading opportunities before and after, with my pre and post news trading strategies. Before a Red GBP or EUR news release look for trends to setup in those pairs. keep an eye on the csm to see if you get a strong or weak GBP or EUR. This is probably the Good Old London Boys positioning them delves for a news spike because they've had a tip off about the forthcoming news.

trade any strong trends setting up 2 to 3 hours before the news and bank 10 mins before the news.

My post news release strategy is about 20 mins after the news again look for a strong 1 minute tend on one of the news release currencies , refer to CSM again for strongest/weakest combination then look to trade in the direction of that trend..

If in any trades prior to news release then bank 10 mins before and wait 20 mins after for the post news trades to setup...
Feel the Fear and do it anyway!!!
  • #8,851
  • Edited 4:40pm Oct 4, 2015 4:14pm | Edited 4:40pm
Quoting henryloving
{quote} it works well on all pairs except GBPNZD pair. anyone has similar issue?
Hi Henry, I have been playing around with this pair just now and find that if you go to inputs and change steps from 500 to 5000 and leave pipsgap at 250 it works on my chart. All other pairs seem to be OK at default.
I will not be trading this pair as the spread with my broker is 10pips so I think I would be working for the broker.
May have to change broker (GKFX) as most of the pairs that Clive suggests have very high spreads.
Any recommendations about brokers with lower spreads would be welcome from all.

Edit. Just clicked on the green spreads and some useful info there.
Galatians VI As you sow so shall you reap.
  • #8,852
  • Oct 4, 2015 5:49pm Oct 4, 2015 5:49pm
Hello everybody,

Thanks Clive, thank you very much for your massive contribution. I have read alot from the thread page 413 onwards and I think I understand how to use it based upon your pictures and explnanations. I have one problem though... I have absolutly no idea how to set this all up :-S

What are the latest versions? Which ones do I attach?

I downloaded the following:

MA In colour
Ma slope alerts
No fear trading system 5 min master... tpl
The No fear trading system 2LW... tpl
top trenders all brokers
Clives MA trailer

Please advice. Which versions do I attach to a chart?

Thanks alot,

Nicholas (aka RoastChicken)
  • #8,853
  • Oct 4, 2015 5:54pm Oct 4, 2015 5:54pm
Quoting thomond
{quote} Hi Henry, I have been playing around with this pair just now and find that if you go to inputs and change steps from 500 to 5000 and leave pipsgap at 250 it works on my chart. All other pairs seem to be OK at default. I will not be trading this pair as the spread with my broker is 10pips so I think I would be working for the broker. May have to change broker (GKFX) as most of the pairs that Clive suggests have very high spreads. Any recommendations about brokers with lower spreads would be welcome from all. Edit. Just clicked on...
DMMFX without doubt a brilliant broker with fixed low spreads and no commision plus at the moment a 100% deposit bonus up to $500 and 30% up to $4,500 I think, just check their website here...

http://www.dmmfx.com.au/

I use them and no problems....
Feel the Fear and do it anyway!!!
  • #8,854
  • Edited 6:43pm Oct 4, 2015 6:23pm | Edited 6:43pm
Quoting wolf300
... I trade the M5 with mtfMA set to 30, price median, linear weighted ... Here it is 0, 180, 0.0, 1, 2, 1, 1
Maybe because it is late in the day, the settings escape me: mtf MA is 30 mins apparently, and the period is ???
Thank you.
  • #8,855
  • Oct 5, 2015 4:08am Oct 5, 2015 4:08am
Entry: in a wrong place, this is not first or second CCI signal but sooner at the London open I was too sleepy to analyze markets.

Exit - market stopped, it could be a reversal, or temporary reversal after a bounce from 000 line so I went out. Now market falls but it is OK.

I am still too sleepy now, maybe it is due to weather.

Result: plus 6.4 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2015-10-05_095941.png Size: 16 KB
Click to Enlarge Name: 2015-10-05_100320.png Size: 15 KB
  • #8,856
  • Oct 5, 2015 5:09am Oct 5, 2015 5:09am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDSBM1.png Size: 45 KB
Two Books another view of your trade
  • #8,857
  • Oct 5, 2015 6:13am Oct 5, 2015 6:13am
2nd view after a bit of action
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDSBM1.png Size: 53 KB
  • #8,858
  • Oct 5, 2015 8:13am Oct 5, 2015 8:13am
Hi wolf300,

Would you share the indi you use on the chart?
It looks good.
Thanks,
anton


Quoting wolf300
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? {image} same period of time as post 8,811
  • #8,859
  • Oct 5, 2015 8:45am Oct 5, 2015 8:45am
Quoting clivepackham
{quote} DMMFX without doubt a brilliant broker with fixed low spreads and no commision plus at the moment a 100% deposit bonus up to $500 and 30% up to $4,500 I think, just check their website here... http://www.dmmfx.com.au/ I use them and no problems....
Hi thomond, it works by changing step to 5000, thx.
Hi Clive, I am using DMMFX for demo trading. EURNZD spread is 5.3 pips. Others looks good. what is EN spread in live account?
  • #8,860
  • Oct 5, 2015 9:08am Oct 5, 2015 9:08am
Quoting henryloving
{quote} Hi thomond, it works by changing step to 5000, thx. Hi Clive, I am using DMMFX for demo trading. EURNZD spread is 5.3 pips. Others looks good. what is EN spread in live account?
The spreads are identical on "live" as they are on demo, no difference and EURNZD is the worst at 5.3 pips next worst is GBPNZD and as these two move very similar I just trade the GBPNZD pair... But no commisions on top of spread so about as cost effective trading as I can find anywhere on Forex unless someone can tell me different???
Feel the Fear and do it anyway!!!
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