And this is the end of my day.
My friends, If I can do it, you can do it!
Many pips to all!
My friends, If I can do it, you can do it!
Many pips to all!
Trading is as simple as ABCD
- #9,483
- Nov 25, 2015 2:17pm Nov 25, 2015 2:17pm
- Joined Nov 2010 | Status: Trader | 4,484 Posts
And this is the end of my day. My friends, If I can do it, you can do it! Many pips to all! {image}
Great trading 62.7 pips is very nice....
Only need 20 pips per day to double your account every month and in a years time you'd be a millionaire....
Now a few of you guys are getting it to work I think I'm might have to start a new thread about doing just that, making a million in a year...
Feel the Fear and do it anyway!!!
- #9,484
- Nov 25, 2015 2:21pm Nov 25, 2015 2:21pm
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Done for the day. {image} SL/TP = 10 Pips , TS = 5 Pips This is Great System, thanks Clive. I am gonna wait until i triple my demo account then go live.
Another good day,25% growth if my adding ups any good, excellent days work....
At that rate you'd double your account every week so becoming a millionaire in 3 months
Now that would be a story to tell thats for sure..all off of our little old 1 minute charts....
Feel the Fear and do it anyway!!!
- #9,486
- Nov 25, 2015 2:51pm Nov 25, 2015 2:51pm
- Joined Nov 2010 | Status: Trader | 4,484 Posts
{quote} Sorry to hear about your day. However, like you say, a minor set back. @ Clive and you: Clive following your last few posts, here is a great link: http://www.thecalculatorsite.com/fin...calculator.php Go there, put in your equity, use 3.48 for annual return (pretend years are days, and use 20 years). You can compound at 3.48% for 20 days and double your equity each month . . .
risking just 2% across our 10 pip stops means you need 20 pips per day to make a million in a year..
Fancy taking up the Millionaire in a year challenge Jason????
Feel the Fear and do it anyway!!!
- #9,488
- Nov 25, 2015 3:19pm Nov 25, 2015 3:19pm
very nice trading system Clive, but Its getting difficult for me to understand. In downtrend, how to identify lower high? So that, i can sell. I check with CCi 15min one whether its crossed from +100 level to -100 level. Only this idea I got it. Is there anything I want to know more Clive, thank you 
- #9,489
- Nov 25, 2015 4:03pm Nov 25, 2015 4:03pm
- Joined Nov 2010 | Status: Trader | 4,484 Posts
very nice trading system Clive, but Its getting difficult for me to understand. In downtrend, how to identify lower high? So that, i can sell. I check with CCi 15min one whether its crossed from +100 level to -100 level. Only this idea I got it. Is there anything I want to know more Clive, thank you
To demonstrate what I mean heres a lovely GBPUSD chart with some great examples from earlier today and as you can see it gave 13 signals and 13 winning trades so a very good example of what we're looking for..
Note that the 175lwma is red and sloping down and price is firmly below it so we are looking for sell entries only, overbought CCI signals..
Now the theory that I work on is that price is either going up or going down so the 175lwma is the 35lwma from the 5 minute chart and defines the 5 minute trend for me. Now if the 5 minute trend is going down we are looking for sell signals only so overbought CCI's. Now regarding your question of identifying a LH, well just refer the current CCI signal to the previous one and if its lower then its a lower high... In this example all the signals worked but if you want to be cautious just take the CCI signals that are double tops or Lower highs...(by comparing it to the previous one)
there is a post on here somewhere explaining my entry method in greater detail as it is very important to enter correctly otherwise you will get yourself in trouble...
Feel the Fear and do it anyway!!!
- #9,490
- Nov 25, 2015 4:21pm Nov 25, 2015 4:21pm
{quote} Sorry to hear about your day. However, like you say, a minor set back. @ Clive and you: Clive following your last few posts, here is a great link: http://www.thecalculatorsite.com/fin...calculator.php Go there, put in your equity, use 3.48 for annual return (pretend years are days, and use 20 years). You can compound at 3.48% for 20 days and double your equity each month . . .
. Thank you your indicators, information, explanations and continuing to post.
Galatians VI As you sow so shall you reap.
- #9,493
- Nov 25, 2015 5:28pm Nov 25, 2015 5:28pm
{quote} I will endeavour to quickly answer your question but a lower high is exactly as its spelt, a lower high??? But I use my CCI set to 8 to identify my LH's whenever the CCI has gone overbought then I'm waiting for it to come back down from its most overbought level so lets assume it gets up to +170 then I want to see the next CCI candle close lower than +170 this is my signal to now look for a red candle to close and then I click and drag a sell stop underneath that red candle by 2 pips and wait to see if it gets hit. If not then wait for it...
Have a great day Clive
- #9,495
- Nov 25, 2015 8:45pm Nov 25, 2015 8:45pm
- | Joined Apr 2014 | Status: Trader | 1,900 Posts
Done for the day. {image} SL/TP = 10 Pips , TS = 5 Pips This is Great System, thanks Clive. I am gonna wait until i triple my demo account then go live.
- #9,497
- Nov 25, 2015 9:15pm Nov 25, 2015 9:15pm
- | Joined Apr 2014 | Status: Trader | 1,900 Posts
{quote} Here are the rules you mentioned 'to enter a trade' Clive, Just in case others might want to read it. So, posting here.
- #9,498
- Nov 25, 2015 9:25pm Nov 25, 2015 9:25pm
{quote} Yes, this is a great post from Clive. In fact, he has posted many times about this great entry technique. When you know your settings for the pair you are trading it works time and time again. Many of the 5 pip trades on eurusd take from seconds to less than five minutes to finish. Sometimes the trailing stop kicks in within 10seconds and you are off with profit.
I also saw on some of your screenshots that you dont wait for a bearish candle to sell, you already short on a bullish one. Is that just a nervous finger issue or a different rule?
- #9,499
- Nov 25, 2015 9:43pm Nov 25, 2015 9:43pm
- | Joined Apr 2014 | Status: Trader | 1,900 Posts
{quote} Hi Jason! Clive is using the 35 LWMA and the 8 CCI. You use the 100 LWMA and the 14 CCI, right!? I also saw on some of your screenshots that you dont wait for a bearish candle to sell, you already short on a bullish one. Is that just a nervous finger issue or a different rule?
I constantly look back and forth at 1min and 5min timeframe. What I realised is that if the cci 4 holds a few moments or closes just beyond the 100 level on the 5min TF, it usually means the cci 14 closed beyond the 100 level on the 1min TF. While Clive and I describe our entries differently, and choose the placement of pending stops slightly different, I can assure you that we are both trading the pullback we see in the cci oscillator against known trend/momentum in the opposite direction. I can only say what I am doing works on the eurusd, Clive has chosen settings that work on across many pairs (this may account for slightly different settings). What Clive describes as a 'bow being pulled back' before it shoots an arrow, that is the moment I'm trying to catch to rapidly get to break even. Clive is better at teaching/explaining and illustrating this with charts than I am!
- #9,500
- Nov 26, 2015 12:06am Nov 26, 2015 12:06am
{quote} Yes, this is a great post from Clive. In fact, he has posted many times about this great entry technique. When you know your settings for the pair you are trading it works time and time again. Many of the 5 pip trades on eurusd take from seconds to less than five minutes to finish. Sometimes the trailing stop kicks in within 10seconds and you are off with profit.
Clive is busy, he might not be able to check all of our posts, so you will have to answer me. 