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Trading is as simple as ABCD

  • #9,461
  • Nov 24, 2015 7:06am Nov 24, 2015 7:06am
Quoting OAPDave
As Clive says 20pips a day keeps the Doctor away well managed to keep the Doctor and nurse away today with a +25.6 {image}
Nice, GBP 6 of top 8 weakest.
  • #9,462
  • Nov 24, 2015 7:33am Nov 24, 2015 7:33am
Quoting Vantage
{quote} Nice, GBP 6 of top 8 weakest.
Thanks Mr V did not want to push my luck with the Daily Range too much so happy to take the 25.6 could be a little more in it, but its in my bank now and they will after wait till tomorrow now to try and get it back off me
  • #9,463
  • Edited 2:30am Nov 25, 2015 1:29am | Edited 2:30am
Quoting OAPDave
{quote} Thanks Mr V did not want to push my luck with the Daily Range too much so happy to take the 25.6 could be a little more in it, but its in my bank now and they will after wait till tomorrow now to try and get it back off me
Dave, that one gets the ABCD nicest looking trade for the day!
Here's yet another little 6-7pips bouncing off the 1.0665 with cci14 oversold in 1min TF . . .
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One in loss and one in profit. Once again lack of patience, should've been 2 wins, but at least closed in profit . . .
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  • #9,464
  • Edited 3:28am Nov 25, 2015 2:45am | Edited 3:28am
Let's see.
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edit: looking good
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  • #9,465
  • Nov 25, 2015 2:53am Nov 25, 2015 2:53am
I've started working at London open.
Thanks Jason for all your help. This is the start of the result.

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  • #9,466
  • Nov 25, 2015 3:02am Nov 25, 2015 3:02am
Quoting bapakjason
{quote} Dave, that one gets the ABCD nicest looking trade for the day! Here's yet another little 6-7pips bouncing off the 1.0665 with cci14 oversold in 1min TF . . . {image} One in loss and one in profit. Once again lack of patience, should've been 2 wins, but at least closed in profit . . . {image}
Thanks Jason, I must say you seem a top guy at this early morning trading, I have to admit I find it hard sometimes not even out of bed, my approach is a little less technical than yours, like you I mainly only trade 1 pair in my case its the Gbp/Usd I have my grid/roadmap (Murrey) on my chart, then all I am doing is watching for the Range to expand, I give the range any were around 50pip ish then I start to look if its making new intra day highs or lows, my rational being if it makes most days 100 pips I have a chance to snatch something after it as move 50 pips or more , then if it reaches any were around the 100 I am off. and that's me finished for the day. I have enclosed a chart with a little indicator I use to monitor the range as it expands, as you can see I do not use MT4 I believe the indicator is called Big Times for MT4
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  • #9,467
  • Nov 25, 2015 3:23am Nov 25, 2015 3:23am
Ok I haven't watched the majors for some time as these pairs rarely feature on the TT. So just chucking a question out there to the scalpers. Surely when you are seeing strength/weakness across the board (USD strength this time) the target should be a little more than scalping 6/7. Anyway will be watching multiple charts for agreement as EURUSD might be interesting to jump back into.

Was out at doctor just back in so none of these traded.

Same basics - cross of ma's, angle and separation, clean initial AB move (even if not very large) small retrace to set up.
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  • #9,468
  • Nov 25, 2015 3:28am Nov 25, 2015 3:28am
Jason... Jason... I hope that you have created a monster...
And thank you Clive for this thread

Good luck to all!

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  • #9,469
  • Nov 25, 2015 6:10am Nov 25, 2015 6:10am
Nicely done guys (and gals). Just remember to keep it simple and stay committed.

I will join a forex traders group that will donate part of their December winnings. If anyone is interested, you may pm me.
  • #9,470
  • Nov 25, 2015 6:57am Nov 25, 2015 6:57am
Quoting floydiano7
Jason... Jason... I hope that you have created a monster... And thank you Clive for this thread Good luck to all! {image}
it will work for you.
  • #9,471
  • Nov 25, 2015 7:08am Nov 25, 2015 7:08am
Quoting OAPDave
{quote} Thanks Jason, I must say you seem a top guy at this early morning trading, I have to admit I find it hard sometimes not even out of bed, my approach is a little less technical than yours, like you I mainly only trade 1 pair in my case its the Gbp/Usd I have my grid/roadmap (Murrey) on my chart, then all I am doing is watching for the Range to expand, I give the range any were around 50pip ish then I start to look if its making new intra day highs or lows, my rational being if it makes most days 100 pips I have a chance to snatch something...
It helps that your 'early morning' is my 3pm.
Thank you for taking some time to explain your chart. Your strategy makes a lot of sense. If fact, one of the most consistent Traders I know uses a very similar technique and I was wondering how he judged range. Thanks for sharing. -Jason
  • #9,472
  • Nov 25, 2015 7:13am Nov 25, 2015 7:13am
May I share your indicators, dear Jason？
  • #9,473
  • Edited 8:39am Nov 25, 2015 8:13am | Edited 8:39am
Quoting ww9528ww
May I share your indicators, dear Jason？
http://www.forexfactory.com/attachme...6&d=1342265885
Try dropping that multi-timeframe RSI (set on 2 for a 60min timeframe) into a sub window with a cci. That should do it. I think the other indicators are here on the thread. Good luck!


Edit: tro multi meter, iprofit mini, and daily range extended can be found in the 35 files I've posted if you check my profile page . . . (there are some other fun indi's there too)
  • #9,474
  • Nov 25, 2015 8:34am Nov 25, 2015 8:34am
Quoting GodsClown
Let's see. {image} edit: looking good {image}
GodsClown, have you mentioned before what type candles you like to use?
  • #9,475
  • Nov 25, 2015 8:38am Nov 25, 2015 8:38am
I'm sorry, Jason, I mean the index
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  • #9,476
  • Nov 25, 2015 8:44am Nov 25, 2015 8:44am
Hello everybody!

Whats your experience with trading in December? I mean until when the priceaction is ok? I did usually avoid to trade too close
to xmas until after New Year.

Whats your experience with the xmax holidays? I think at some point the liquidity goes away and then it will just start to chop.
  • #9,477
  • Nov 25, 2015 9:35am Nov 25, 2015 9:35am
Quoting ww9528ww
I'm sorry, Jason, I mean the index {image}
The answer is in post 9473. It's not one indicator creating an index. It is two scMTF RSI (setting 2 with one on 30minute and one on 60 minute) placed in a subwindow with the MT4 standard cci. Three indicators in one window. That is the 'index'. With this you will see higher time frame momentum and lower timeframe cci. Use the cci to add your 100 and -100 level lines. If it does not work correctly for you, then you may prefer Clive's histogram cci that is very clear and easy to read. I hope this helps. -Jason
  • #9,478
  • Nov 25, 2015 10:08am Nov 25, 2015 10:08am
Thank you very much, JASON. Is that so? How to set up to make it change color, I'm sorry, I am a new man
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  • #9,479
  • Nov 25, 2015 10:59am Nov 25, 2015 10:59am
Quoting ww9528ww
Thank you very much, JASON. Is that so? How to set up to make it change color, I'm sorry, I am a new man {image} {image} {image} {image}
Hi there.
Use this one.
Attached File(s)
File Type: ex4 scMTF RSI.ex4   8 KB | 224 downloads
  • #9,480
  • Nov 25, 2015 11:05am Nov 25, 2015 11:05am
OK guys had a bad day today, lost 3 trades on the bounce, these things happen, bring on tomorrow, fixed Risk / Reward so just a temp set back in the grand scheme of things ( I hope )
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