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Trading is as simple as ABCD

  • #9,501
  • Nov 26, 2015 1:32am Nov 26, 2015 1:32am
Quoting thomond
{quote} Hi Clive, I think the Post on entries you refer to is 8353, it's a great post as is this thread and system, Thank you for all the effort and sharing.
Thanks Thomond, heres the post that explains my entry in great detail....

http://www.forexfactory.com/showthre...54#post8463154

If anyone wants to go through the thread and identify some important posts I will edit the first post and put them all there,so any new followers can read the important posts etc. Might even do it myself if I get the time this weekend will save a lot of time going forward ...
Feel the Fear and do it anyway!!!
  • #9,502
  • Nov 26, 2015 2:24am Nov 26, 2015 2:24am
Trying to catch the first one today but its been going on for too long since the signal so gone to BE at 3 pips see how it goes...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 first trade today.png Size: 62 KB


Got two chances now either a win or a draw...
Feel the Fear and do it anyway!!!
  • #9,503
  • Nov 26, 2015 2:44am Nov 26, 2015 2:44am
Got a draw the first entry but If at first you don't succeed try try again...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 2nd trade today.png Size: 79 KB
Feel the Fear and do it anyway!!!
  • #9,504
  • Nov 26, 2015 2:46am Nov 26, 2015 2:46am
Quoting clivepackham
{quote} Hi Notme 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....
Thanks Clive for everything Hope you reach your 1st million soon.

If i want to start my real account with only 100$, what would be my trading setup to reach 1 million in a year with 20 pips a day?
  • #9,505
  • Nov 26, 2015 2:58am Nov 26, 2015 2:58am
13.8 out of that one now waiting for a pullback to 185.00 area around the breakout level...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 back to here.png Size: 76 KB


Gbp and eur weakness across the board Mr V. so lets see if I can get my 20 pips from GBPJPY this morning...just need another 7 and we're done..
Feel the Fear and do it anyway!!!
  • #9,506
  • Nov 26, 2015 3:14am Nov 26, 2015 3:14am
Quoting NotMe
{quote} Thanks Clive for everything Hope you reach your 1st million soon. If i want to start my real account with only 100$, what would be my trading setup to reach 1 million in a year with 20 pips a day?
Dream on. Chances are you lose your $100 before you even reach $500. Sorry.
  • #9,507
  • Nov 26, 2015 3:14am Nov 26, 2015 3:14am
Lets see if I can get my 6 pips here...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 pinch another 6.png Size: 81 KB


bit risky so straight to BE...
Feel the Fear and do it anyway!!!
  • #9,508
  • Nov 26, 2015 3:25am Nov 26, 2015 3:25am
Quoting clivepackham
Lets see if I can get my 6 pips here... {image} bit risky so straight to BE...
Nope nipped me out then went down to my target, bit too cautious maybe going to BE too quickly but its a bit risky entering so close to last low so i like to play it safe..

Never mind there be another one along shortly...
Feel the Fear and do it anyway!!!
  • #9,509
  • Nov 26, 2015 3:25am Nov 26, 2015 3:25am
Quoting SeaTheStars
{quote} Dream on. Chances are you lose your $100 before you even reach $500. Sorry.
why? 100 is like 1000 or 10000 or 100000 if you adjust your lot size.
  • #9,510
  • Nov 26, 2015 3:52am Nov 26, 2015 3:52am
Quoting clivepackham
{quote} Nope nipped me out then went down to my target, bit too cautious maybe going to BE too quickly but its a bit risky entering so close to last low so i like to play it safe.. Never mind there be another one along shortly...
Hi Clive

Further to this and your earlier post. I know its difficult when you have scalpers hat on and then try and adjust mentally.

With the GBP weakness across the board that was in the TT indi on both your charts posted you can obviously move to BE a little too quickly and get knocked out.

Nowadays if I have, like you did, a currency like GBP with 5-6 of top 8 I'm only moving to BE when trade is about 2% up, and only considering exiting earlier than target TP if we clearly have pairs falling out of TT, in this case it would be GBP, or if trade is failing to make LL's or HH's.

Great entries.
  • #9,511
  • Nov 26, 2015 4:07am Nov 26, 2015 4:07am
Took another 10 out of this move on top trender GBPAUD...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1 3rd trade.png Size: 84 KB


Now if I had my sensible hat on I'd call that a day with 24 pips in the bag, wouldn't I???
Feel the Fear and do it anyway!!!
  • #9,512
  • Nov 26, 2015 4:12am Nov 26, 2015 4:12am
Quoting clivepackham
Took another 10 out of this move on top trender GBPAUD... {image} Now if I had my sensible hat on I'd call that a day with 24 pips in the bag, wouldn't I???
To take the point I made earlier further. Right now I have only 1 GBP weak, GBPCHF, and 1 is the 2nd strongest GBPNZD. So yes I'd agree with you to take a quick TP (would have been against my rules to consider the trade). But this scenario is completely different on TT indi to my earlier point where GBP had 6 weak pairs I think it was to the 1 weak pair now.

Basically to adjust trade expectations including moving to BE according to the circumstances i.e. do you have 6 weak v 1 weak for example, or where you have gotten in the move, first/second signal or deep in like your last trade.
  • #9,513
  • Nov 26, 2015 5:35am Nov 26, 2015 5:35am
Try applying a fasttmaline channel ontop of clives chart to find direction of higher timeframe.....watch what price does in the channel b4 long or short
  • #9,514
  • Nov 26, 2015 5:51am Nov 26, 2015 5:51am
Quoting devontrader
Try applying a fasttmaline channel ontop of clives chart to find direction of higher timeframe.....watch what price does in the channel b4 long or short
D/t do not see you post much now, so if possible can you please refresh my memory, remember when you asked me for my Murrey setting for the different timeframes and I gave them to you, could you do me a small favour and just put me right, do you use 1 setting for your ( fasttmaline) on all timeframes if so what is it, or do you change it from timeframe to timeframe like I do with Murrey if that be the case what setting are those
  • #9,515
  • Nov 26, 2015 6:00am Nov 26, 2015 6:00am
Quoting OAPDave
{quote} D/t do not see you post much now, so if possible can you please refresh my memory, remember when you asked me for my Murrey setting for the different timeframes and I gave them to you, could you do me a small favour and just put me right, do you use 1 setting for your ( fasttmaline) on all timeframes if so what is it, or do you change it from timeframe to timeframe like I do with Murrey if that be the case what setting are those
same setting for all timeframes.....Remember ...like.moving averages the smaller the period the closer it resembles price....Very short term you coukd try 7 or the average norm.is 14 but for.me i go higher starting from 21 ....why 21 ? 20 trading days avg a month but 21 is a fib.number.Its just a case of what is beat for you.Inwould say to start have clives set up on chart and place just the 1 channel on chart set to 21 and see what you think....for a 1min chart you may want to go smaller.....its trial.and error
  • #9,516
  • Nov 26, 2015 6:03am Nov 26, 2015 6:03am
Suggestion.....

Look at the centreline and the lwma line...what is more accurate?

Maybe remove the lwma line and use the centreline of the channel instead..

If going short price will pop above the centreline then enter as per clives rules
  • #9,517
  • Nov 26, 2015 6:09am Nov 26, 2015 6:09am
Quoting devontrader
{quote} same setting for all timeframes.....Remember ...like.moving averages the smaller the period the closer it resembles price....Very short term you coukd try 7 or the average norm.is 14 but for.me i go higher starting from 21 ....why 21 ? 20 trading days avg a month but 21 is a fib.number.Its just a case of what is beat for you.Inwould say to start have clives set up on chart and place just the 1 channel on chart set to 21 and see what you think....for a 1min chart you may want to go smaller.....its trial.and error
Thanks for your quick reply, do not trade anything under 60min timeframes so what would be your suggestion perhaps if possible Monthly, Weekly and Daily whilst your at it please
  • #9,518
  • Nov 26, 2015 6:15am Nov 26, 2015 6:15am
Quoting OAPDave
{quote} Thanks for your quick reply, do not trade anything under 60min timeframes so what would be your suggestion perhaps if possible Monthly, Weekly and Daily whilst your at it please
try 21 to start with
.In visualisation selecting all will show channel on timeframes as the period aetting will show current.Just place a picture of clives method up with channel on
  • #9,519
  • Nov 26, 2015 6:20am Nov 26, 2015 6:20am
Thanks D/t would have saved me a bit of pain yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 73 KB
  • #9,520
  • Nov 26, 2015 6:22am Nov 26, 2015 6:22am
Quoting OAPDave
Thanks D/t would have saved me a bit of pain yesterday {image}
now put on cci and supply demand
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