Trading is as simple as ABCD | Page 495 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gartley/bat/crab/butterfly/abcd/three Drives Pattern Indicator Help 50 replies

Abcd fibo retracement trading journal 109 replies

ABCD - My way 122 replies

ABCD Fibo 82 replies

abcd patterns 1 reply

Attachments: Trading is as simple as ABCD
Exit Attachments

Trading is as simple as ABCD

  • #9,881
  • Mar 20, 2016 11:54pm Mar 20, 2016 11:54pm
Quoting iak
{quote} make sure you have saved this in the experts folder. you may have to drag it on yourself.
Don't you use any csm indicator?
  • #9,882
  • Mar 22, 2016 12:36am Mar 22, 2016 12:36am
I am a newbie here. Is there anybody to tell me that, is it the valid sell signal or not ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 33 KB
  • #9,883
  • Mar 22, 2016 3:15am Mar 22, 2016 3:15am
Quoting Manna
I am a newbie here. Is there anybody to tell me that, is it the valid sell signal or not ? {image}
It is not. The CCI wasn't OB yet. I attached a chart Clive put up a while back with signal candles. It may help.
Attached Image (click to enlarge)
Click to Enlarge Name: clive signal candle example.png Size: 81 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #9,884
  • Mar 22, 2016 5:13am Mar 22, 2016 5:13am
Quoting capstone
{quote} It is not. The CCI wasn't OB yet. I attached a chart Clive put up a while back with signal candles. It may help. {image}
Thanks for your reply. Can you please tell me which currency pairs are best for this strategy? And how to use currency strength metere? Hope it will help me most
  • #9,885
  • Mar 22, 2016 7:20am Mar 22, 2016 7:20am
Start at the beginning of this thread -it is all there
every Saint has a past. Every Sinner has a Future
  • #9,886
  • Mar 22, 2016 8:22am Mar 22, 2016 8:22am
I have just read the whole thread during the past week, great information , thankyou Clive and all contributers. I have learned some new tricks here. I never really realised what a super indy the CCI is. Loving it and the method you have outlined here.

Thanks all
  • #9,887
  • Edited 9:39am Mar 22, 2016 8:31am | Edited 9:39am
Quoting MarkFX77
Hi guys! @ Clive No big magic. As you know I trade for many years already and love simple things. Two weeks ago I found your thread and really liked the simple and easy approach without all that big BS of other systems. I cannot say that I lost much money in trading before, I trade several years already for a living. But it always got more complicated and long story short, thats why I was a bit searching around and end up here. Btw, thanks a lot for all the time you put into this. My approach is rather simple, I follow exactly your strategy. Only...
This is exactly how I trade. I have been doing this for a living for 7 years now,studying forex since 2006. Oddly I have never felt the need to spend hours staring at charts all day with all the stress of trying to stack up 50 or 100 pips a day. I start about 6 am and am sometimes done in 20 minutes. I like to be out of trades before London Open. I go for 7- 20 pips a day using recent support or resistance as targets.

I am happy with just one trade a day. Well up until finding this method lol, I have had some amazing results after adding CCIs to my existing trend trading system.

Six trades six winners today, five on demo only one on my live account, I cannot show the charts because I have combined Clives CCI entries with my own setup, it would just confuse things. I can however totally endorse how good Clives stuff is because I follow his entry rules to the tee after I find my own trade setups. I use H1, M30 and M15 to find my trades then Clives CCI M1 method to enter.

Like Markfx and some others have said, larger lots, tight stops and high winrate, with compounding works wonders. Just don't trade with more money than you can afford to lose.
  • #9,888
  • Edited 6:56pm Mar 22, 2016 6:00pm | Edited 6:56pm
Hi Traders,

Glad I discovered you and what you are doing here. Great Thread.

I have been on here most of the day, in and out, my ADD messes me up big time but I think I am getting the jist of it.

As a thank you for all you are doing, I'll post up this tool in case you can use it. We know that trading Forex successfully we need Volatility. Here is a Volatility tool to help to find the most volatile pairs per day, per hour and weed out the low volatility hours and days of our favorite pairs to trade.

The following table represent the currency's daily variation measured in Pip, in $ and in % with a size of contract at 00'000. You have to define the period to calculate the average of the volatility. It could be interesting to trade the pair which offer the best volatility. Tells you day of the week and time of day that is best to trade.

https://www.mataf.net/en/forex/tools/volatility

The volatility calculated on this page is called Average true range (ATR). It is calculated by taking the average of the difference between the highest and the lowest of each day over a given period.
For example, with this method, let's calculate the volatility of the Euro dollar over three days with the following data

  1. First day: The Euro Dollar marks a low point at 1.3050 and a high point at 1.3300
  2. Second day: EURUSD varies between 1.3100 and 1.3300
  3. Third day: the low point is 1.3200 and the high point is 1.3350

The Highest - Lowest difference over the three days is 250pips, 200pips and 150pips, or an average of 200pips. We will say that the volatility over the period is 200 pips on average.

The volatility is used to evaluate the potential for variation of a currency pair. For example, for intraday trading, it may appear more interesting to choose a pair which offers high volatility. Another use may be as an aid to fix the levels of objective or stop-loss, to place an intraday objective at 2 or 3 times the volatility may be a risky strategy; conversely, one may estimate that an objective of at least one times the volatility has more chance of being achieved.

Case studies

I wish to buy the Euro Dollar for an intraday trade at 1.3200. My objective is 100 pips. At the time when I want to open my trade, the low point for the day was 1.3100 and the average volatility is 150 pips, which means that on average one can estimate that the high point could be close to 1.3100+150 pips = 1.3250. Now my objective is 1.3300, or 50 pips above. In this case, my analysis shows that the EURUSD seems likely to have a stronger variation than on the previous days; I can open my position and maintain as my intraday objective 1.3300. However, if the rate shows no exceptional variation one may estimate that the objective will probably not be achieved during the day, which does not invalidate my analysis but defers my timing.


https://www.mataf.net/en/forex/tools/volatility

P.S. I have noticed that it takes a long time to load at certain times of the day......just need to check it out

Regards,
BobH

True Grit!
  • #9,889
  • Mar 22, 2016 7:10pm Mar 22, 2016 7:10pm
Quoting HighFive
{quote} This is exactly how I trade. .......I have had some amazing results after adding CCIs to my existing trend trading system. Six trades six winners today, five on demo only one on my live account, I cannot show the charts because I have combined Clives CCI entries with my own setup, it would just confuse things. I can however totally endorse how good Clives stuff is because I follow his entry rules to the tee after I find my own trade setups. I use H1, M30 and M15 to find my trades then Clives CCI M1 method to enter. Like Markfx and some others...
Hi HighFive

Glad to hear you like the CCI (Clives C-point Indicator)....

If you like it on normal charts wait till you see what it does on Range Bars...Its absolutely awesome!!!

As ever I'm always looking to improve and simplify my trading if I can and I'd just like to update everyone on what I'm doing nowadays.

Still have my simple philosophy that price can only go up or down so decide which way the charts going and look for an entry in that direction. Sell the bottoms of red candles(after a couple of green ones, pullback) in a down trend. Buy the tops of green candles (after a couple of reds, pullback) in an uptrend..

First of all I'm trading the DAX and the DOW because they have a daily range of 200 plus and a spread of 1 tick with no commision so nice and volatile but cheap to trade..

Secondly I only have my 8 CCI and a 10lwma on my 7 tick range bar charts.

Now all I'm looking for is CCI signals to go overbought(+100 level) or oversold (-100 level) looking for price to then cross over the 10lwma so basically trading the 10lwma colour changes based on market structure . I sell DT's and LH's or I buy DB's and HL's...

I NEVER BUY A LL and I NEVER SELL A HH.....

Heres a DOW chart showing you what I mean...

Attached Image (click to enlarge)
Click to Enlarge Name: US30M50 nmarket structure layed out by CCI and 10lwma crosses.png Size: 108 KB


Entry is pending order 2 pips above/below signal candle. Signal candle is first candle to close across the 10lwma...

Notice the first HL after the DB is a nice trade to maybe hold half until you get your first LH??

Exit is half at 10 or when the candles change colour and half when the 10lwma is crossed back over or you could hold the first HL or LH as above...

Works on forex too heres a GBPUSD chart..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5 range bar tyrading CCI OB and OS.png Size: 113 KB


I use a 5 tick range chart on GBPUSD...

Lastly a DAX chart with some nice entries ....

Attached Image (click to enlarge)
Click to Enlarge Name: GER30M2 first of all mark all the trades you want to catch.png Size: 85 KB


If you want to slow it down a bit then try 10 or 13 tick charts less signals but more reliable...

Best to only trade first 3 to 4 hours after a market opens when all the new money hits the table when volatility is almost guaranteed...

Attached the 3 indies that I use..

Don't forget to drop into our skype trading room some awesome traders in there making some serious pips in a day..

Good luck and God Bless....
Attached File(s)
File Type: ex4 Clive's Histogram CCI.ex4   16 KB | 1,009 downloads
File Type: ex4 RangeBarChart_v103a.ex4   21 KB | 889 downloads
File Type: mq4 MA_In_Color.mq4   4 KB | 933 downloads
Feel the Fear and do it anyway!!!
  • #9,890
  • Mar 22, 2016 7:34pm Mar 22, 2016 7:34pm
Hi Clive , range Bars love it ,do we have the MQL4 ????
thanks in advance
  • #9,891
  • Mar 22, 2016 8:29pm Mar 22, 2016 8:29pm
Quoting clivepackham
{quote} Hi HighFive Glad to hear you like the CCI (Clives C-point Indicator).... If you like it on normal charts wait till you see what it does on Range Bars...Its absolutely awesome!!! As ever I'm always looking to improve and simplify my trading if I can and I'd just like to update everyone on what I'm doing nowadays. Still have my simple philosophy that price can only go up or down so decide which way the charts going and look for an entry in that direction. Sell the bottoms of red candles(after a couple of green ones, pullback) in a down trend....
Thank you Clive, I'm new here and a Newbie and have spent the day reading the thread. I am very glad you are back!

Can someone please tell me where to place Clive's RangeBarChart download? Thank you

BobH
True Grit!
  • #9,892
  • Mar 22, 2016 10:17pm Mar 22, 2016 10:17pm
Quoting hards
{quote} Thank you Clive, I'm new here and a Newbie and have spent the day reading the thread. I am very glad you are back! Can someone please tell me where to place Clive's RangeBarChart download? Thank you BobH
Put the Rangebar chart indi in indicator folder. You have to apply this on M1 Chart with (7 pip range) and in Timeframe tab put 7. Then go to ->File->Open Offline, and open the chart you applied this on. (eg- GBP/JPY M7) in offline window.

It should look like this after you apply indie on M1 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: C.PNG Size: 49 KB
The Earlier You Start, The More Time You Have To Mess Up.
  • #9,893
  • Mar 23, 2016 2:18am Mar 23, 2016 2:18am
Quoting clivepackham
{quote} Hi HighFive Glad to hear you like the CCI (Clives C-point Indicator).... If you like it on normal charts wait till you see what it does on Range Bars...Its absolutely awesome!!! As ever I'm always looking to improve and simplify my trading if I can and I'd just like to update everyone on what I'm doing nowadays. Still have my simple philosophy that price can only go up or down so decide which way the charts going and look for an entry in that direction. Sell the bottoms of red candles(after a couple of green ones, pullback) in a down trend....

I don't know how to give you thanks for you hard work here. I like your system most. For your recent approach, I would like to tell you that is it needy to use the rangebar for currency trading? I mean, isn't the old system without rangebar, doesn't work properly?
  • #9,894
  • Edited 10:30am Mar 23, 2016 10:02am | Edited 10:30am
Quoting Anonymous32
{quote} Put the Rangebar chart indi in indicator folder. You have to apply this on M1 Chart with (7 pip range) and in Timeframe tab put 7. Then go to ->File->Open Offline, and open the chart you applied this on. (eg- GBP/JPY M7) in offline window. It should look like this after you apply indie on M1 chart. {image}
Thank you a lot Anonymous32 for the detailed explanation. I Got It!

1.) What is the benefit of using the Range Bar Chart instead of a Renko Chart?

2.) How do I determine the Range & Time frame for different pairs? (I am demo trading the Majors)

Best Regards to you, Clive and everyone.

BobH

P.S. When I try to create a Range Chart using 5 for Range and Time Frame I get a alert message that tells me that "5 is a MetaTrader4 Reserve Number and to choose a different number....Exiting" If I proceed anyways...it looks like it works and opens an offline 5
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5-reserver_time_frame.png Size: 18 KB
Click to Enlarge Name: range-bar.png Size: 29 KB
True Grit!
  • #9,895
  • Mar 23, 2016 3:39pm Mar 23, 2016 3:39pm
Re: Super_Indicator

Hi Traders,

I have searched to try to learn what I can about the Super_Indicator to see if you folks were ever able to determine if it re-paints.

I would appreciate any input I can on this.

It acts too good to be true.

Best!
Attached File(s)
File Type: zip Super_Indicator_V2 nrp.zip   < 1 KB | 508 downloads
True Grit!
  • #9,896
  • Edited 3:48am Mar 24, 2016 3:22am | Edited 3:48am
​long
Attached Image (click to enlarge)
Click to Enlarge Name: long1.png Size: 29 KB

out BE
  • #9,897
  • Mar 24, 2016 4:35am Mar 24, 2016 4:35am
​short
Attached Image (click to enlarge)
Click to Enlarge Name: short2.png Size: 31 KB

-5pip
  • #9,898
  • Edited 12:25am Mar 25, 2016 12:03am | Edited 12:25am
Hi Clive, or those can who help, I've installed the range bar indi and all works well for all instruments including the US30, but this is what confronts me when I open the GER30! Any ideas? Looks like a renko chart!
Attached Image (click to enlarge)
Click to Enlarge Name: Ger30_capture.png Size: 36 KB
  • #9,899
  • Mar 26, 2016 2:32am Mar 26, 2016 2:32am
Quoting pedross
Hi Clive, or those can who help, I've installed the range bar indi and all works well for all instruments including the US30, but this is what confronts me when I open the GER30! Any ideas? Looks like a renko chart!{image}
Wow!!! What an easy chart to trade......

Look at the cross's of the 10lwma giving you perfect entries , look at the Overbought and oversold CCI's telling you when to look for a crossover. very very simple.

That chart defines to me what trading is all about buy when its going up and sell when its going down as defined by the 10lwma colour changes on this chart.


Of course the problem is its too fast for us to trade as the whole chart is just 13 minutes long. Thats because I believe you have selected too small a range bar setting, probably need to times it by 10....so if you want a 5 tick range bar input 50..

However what a great chart to illustrate my simple philosophy of buy when its going up and sell when its going down, just too fast for us mere mortals to trade...
Feel the Fear and do it anyway!!!
  • #9,900
  • Mar 26, 2016 3:03am Mar 26, 2016 3:03am
Hi Clive, glad to see things are going well for you now, I was very interested in your Post 9889 were you said ( I NEVER BUY A LL AND I NEVER SELL A HH ) the only candles that interest me are the Yellow & Light Blue ones,
and it goes without saying its not a 1 min chart, only though choice
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDSBH1.png Size: 45 KB
19 traders viewing now