Trading is as simple as ABCD

Ok last time I ever load this TTindy up ever so last chance for anyone looking to use it...

Heres how I set it up..



You can set it up to show all 28 pairs if you wish or just the top 4 or one for that matter by adjusting the "showpairs" input, to open charts automatically set changechartsymbol to "true" and to decide how many to open adjust "topPairs" to how many charts you want it to open, I use 8 then click the "tile icon" on mt4 toolbar so I can see all 8 together or set it to 4 and then its quarters when you select "tile" icon...

Anyways best way to find out how it all works is to play around with it on a demo account until you know what all the settings do as they are quite self explanatory if you try them all out..

Theres another post here somewhere explaining how to setup the TTindy folder and associated files etc but you're have to find it yourself...Actually I found it myself its here http://www.forexfactory.com/showthre...93#post8449693 post number 8200..

Now thats the last time .......

The train is in the station, the passengers are getting onboard, but do they know which way out of the station its going or how far the next station is ???

Hi, just wanted to stop by again and say that the willingness to share in this thread has been unreal!

I've read through almost half of the thread today (it's been a lot) while watching the screen and trying this method and it did already make enough pips to make up for my usual nervous entries and exits.

Somehow, it seems to give me more confidence to avoid cancelling a trade too early when it comes back for a moment (see username...)

Thanks a lot, I'll be around reading!

Hello Clive and all. Firstly, thank-you for a tremendous contribution and gesture in sharing and trying to give a hand up to others – long ( or short lol) may you prosper!

I wonder how many other readers of your thread out there are like me in having had a long relationship with forex and an on-off trading involvement but not managed to cross the line into consistent profitability yet, so I am hoping that what I ask here and any input you can provide, may be relevant to some other as well.

Your thread has been great to follow, in that you have clearly defined all the detailed steps of this method and when an evolution has taken place you have kindly kept us all up to date on changes to method and thinking behind it – great stuff! What I hoped to explore with you was a topic beyond the mechanics of the trading system itself.

Sitting at the top of a pile of trading notes on my desk is a document titled ‘Forex Mental training’ circa 2010. It is opened to the section focusing on ‘sticking to your plan’ and ‘forgetting your fear of loss’. Now I have been around trading long enough to understand there are many disciplines to master on the pathway to consistent trading profitability but for me at least ( and I suspect based on human nature) a bunch of other aspirers out there too, the impact fear of loss and sticking to plan has on our outcomes, is right up there in relevance in getting us to the promised land, forex wise.

Since your post no. 8836 there have been a few slight references to your actual trading session activity alongside a few other experienced trading veterans. There has been inference of a trading style that suggests high volumes of trades undertaken and significant numbers of points/pips secured in single sessions, the latest reference mentioned by OAP Dave in post 8951.

Reading between the lines you have now successfully secured your place as a consistently profitable trader and much kudos to you for that especially whilst candidly sharing your ideas and progress with the rest of us down the life of this thread.

Having a clear understanding of how someone takes a method like yours and applies it to the market can be like having a eureka! moment for others trying to find their way. For instance consider the newbie (or more experienced but not yet successful folks like me lol) painstakingly reviewing a set of charts looking for the perfect setup and agonisingly establishing all the ducks line up to then press the button, see it run against them, exit with tail between legs, overcome the hit emotionally, dust off and start hunting for the next opportunity (probably with much thought, consternation and a bunch of missed opportunities in between). Contrast this with the vet/pro trader who has implicit faith in their methods edge, instinctively knows when entry criteria can be modified to suit what they see on the chart and hits entries and takes profits(and losses) in quick succession mentally immune to the emotional roller coasters lesser mortals experience.

I imagine that if you take a more aggressive approach to trade volumes (of course assuming entry criteria are properly met) then psychologically you will be provided with faster feedback of the positive outcome of the edge/method you are trading, this in turn has a potential snowball positive effect on your psyche and trading activity and your desired pathway to consistent profitability? Contrast this with a newbie who takes a couple of trades a session, maybe gets a 50/50 outcome and ends the day wondering what all the excitement is about and still unsure about getting properly committed to the plan.

After all that build up (apologies to bored readers) – now the questions lol…

I wondered were you able to share any insights or enlightenment you may (or maybe not) have felt when you started understanding how other experienced traders actually traded?

Were there eureka moments for you?

Has that experience of trading with the good guys and seeing what they did, led to changes in your trading behaviour and the way you approach the market?
Did the experience account for any significant improvement in your trading results?

Without us seeing how they conduct trades, can you impart any thoughts or ideas to us that may lead us to improve our own performances?

Clive, many thanks again for your great thread, even if you don’t get around to replying to this – shall always be grateful to you and folks like you in here that give of their time and their own hard work in an effort to help the rest of us – good trading and may you all always be profitable .

Paul

I love your post. You managed to put into words how I have been feeling all this time. Great great questions. Clive has been incredible in taking the time to answer questions in excellent detail. I would absolutely love to see him conduct a live trading session/webinar. I know it is a lot to ask, and he has already given so much of his time to this thread.
Anyways, great questions. Can't wait for the response

Peter

Clive

Thanks for the explanation on how to set up the TTIndy. I was curious, if I set the charts to open up say the top 8 automatically, if I were in a trade and the pair that was in the top 8 suddenly isnt,will my chart (which I have an open trade) disappear?
Thanks for your help Clive

Peter

Yes it will.

Godsclown has answered your question for you and yes it will move around the charts depending on their ranking but not too bad when using the 5 minute top trenders as they don't change too much once the opens got going... Plus a really strong trender will stay top for quite a while. However to counteract that when I'm actually in a trade and managing it, it can be very annoying if the chart suddenly disappears mid trade, so once I enter a trade I open a new chart of that pair immediately and the TTindy won't move the newly opened chart around...

Once I finish that trade hopefully just a few minutes later then I close that chart and go back to monitoring the 8 top trenders on tile window...

I might do another webinar sometime as would be good to share how I trade in practical terms as the theory and practice can differ as we all know, leave that with me as can't possibly do it yet but I will sometime in the future ...

Hey thanks for nice comments re my questions Peter :-). When you consider where I imagine Clive is at in his trading right now, it really is special that he is still coming here and providing any feedback at all. I for one, certainly wouldn't blame him for just getting on with the business of making a living to feed his family and growing a nest-egg to have a very comfortable financial future. But while he sticks around its great to have his input :-).

Hi Paulnz57

This truly is a great post and really is the big question to answer.

Basically you're asking... "have I found out the difference between a successful trader and an unsuccessful trader" because funnily enough two traders could be trading the identical strategy and one will make money and the other will lose his house...

Does anyone recall the Turtle traders experiment???

Well complete novices were taken off the street and trained in trend trading by a very successful trader, Richard Dennis. Some went on to make their fortunes whilst others with exactly the same training didn't make the grade. In fact the ones that failed accused the Richard dennis of giving private sessions to the more successful ones as they couldn't believe or accept that it was in fact them that was failing to follow the system.

The very same thing happened when a recent TV program, Million Dollar Traders tried to emulate the experiment. The unsuccessful guys accused the trainers of giving extra private training to the ones that succeeded. Link to series below and well worth a watch...



Bit like my dear old friend Devontrader accusing me of withholding some little gem that makes it all work, where the truth is, I've held nothing back, he just can't do it...

So what is the difference?? Why do some succeed whilst others with exactly the same system fail?? And yes you are quite right working with two guys that make serious pips everyday trading the 1 minute charts has made me realise its not just about the system its about the trader and their psychology..

Gonna leave it at that for the time being as markets about to take off but I will come back to this great question and answer it as best I can, also want to give it some thought to make sure my answer is as good as the quality of the question..

Catch up later Paulnz57 I promise...

Just in case theres any confusion this is the perfect setup you're looking for....



But knowing what you're looking for and actually trading it in real time are two different things all together.....

Look at the 1 minute top trenders around market opens or just have the top 8 ADR pairs open GBPAUD,EURAUD, GBPCAD,EURCAD,GBPJPY,EURJPY,GBPNZD, EURNZD and just watch for the setup....

This is my charts setup for monitoring..



See how I have the GBP pairs along the top and the EUR pairs along the bottom so I can immediately see any strength or weakness across the board???

Look how well they are all moving together , better to trade the ones that agree or look at the currency meter for the strongest/weakest combination as confirmation of which pair to trade...

I have the TTindy in the top left corner for reference and sometimes have it on automatic settings, use the 1 minute to see the immediate pair to trade and the 5 minute for a longer term view..just keep looking at it throughout the session for guidance as to which of the top ADR pairs to trade..

Thats about the system in a nutshell....

GM,

A BE to start he day....

Perfect day today for the strategy to catch the money as it comes to the table,...heres the top trenders this morning..









About as good as it gets today......Don't need too many market opens like this to make some serious pips...

Reason for a good trade:
- pretty fresh trade; second CCI signal
- steep LWM 35 and 175
- the signal candle was bigger than the previous ones -> this means momentum and strengh
- all eur pairs were loosing strengh
- sometimes at the beginning of a new hour there comes some money on the table from the big players
- no obstacles in the way

quick and cool 39 pips!

Love it. EUR had 3 weak pairs in top 8 and eurnzd the weakest of the three. Nice one.

That was the reason because I let it flow. At the time there was also a nice signal on eurcad but I missed it.
eur/usd, eur/aud, eur/nzd, ... al falling and I was at the begining of a new trend so let it flow!

Thanks V

Morning Guys
The thread as really come alive since the weekend lots of good guys old or new have posted charts and good questions, even had a go again with my take on things (good/bad). Clive as spent some time laying out the Method once again as clear as clear (nothing held back) can be, thanks Clive once again. Now I am going to own up to my trading weakness try as I can just cannot get up to speed with moving from chart to chart as good and as fast as you top guys, so I am just content to trade a limited number of pairs with the lowest spread my broker will give me, with this in mind after Clive had posted all his charts this morning I thought I could see a little pattern forming spent some time messing around a little and this is what I have seen, the screenshot is the gbp/usd 1 min with Clive's 35 & 175 lwma when I see a cross over if you trade in that direction from the nearest round number with a stop of the previous round number and a target of the next round number, it does not seem half bad ie roughly 1-1 risk reward. I have marked 2 trades the 1st a Sell @ 5440 stop 5450 target 5430 would be a winner went further the 2nd a buy @ 5430 stop 5420 target 5440 winner went further ( not sure if its of any use to anyone but I am tracking it on my pair.
Note I think you would need a pair with a very tight spread and wait till at least the Frankie open
Sorry just made a mess of the screenshot its only showing the buy just scroll back on your own chart if you want to see the sell

Got it correct this time, shows both trades

Hi
paulnz57 thanks for putting it in words
@clive is it not posible to make a short youtube video? and send it to the ones that are interested no need directly a webinar!
even if its a demoaccount when you finnished trading!
how to chose the correct trade when the market is not moving like today
looking back i see all the trades and understand the thinking/rules
when going live get stopped out most of the time stoploss 10 pips
changed it to 20 pips but here is the thing to close a trade when you are -/- a few pips you are hoping that it will come back(never ever)or it almost came back an you wait just a littlebit to close it at 0 to see it jump and take out your stoploss
now clive answerd me on that that he wait a few min and the trade has to take off in the good direction the moment you enter!
so i have to practice that more to have the sweet spot to close a trade that hangs around tomuch
it is realy fustrating to understand it know what to do and still losing money
have more small winners but my losers are bigger taking all my profit at the end of the day
hoping for the eureka moment soon
im close
@clive think about the video im willing to pay a contribution for it
its very important for me/us to just get that final thouch

kind regards
kwinwls

Update on that simple method I posted and watching A 10pip quick Sell