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Trading is as simple as ABCD

  • #9,901
  • Mar 26, 2016 9:17am Mar 26, 2016 9:17am
Just added a 20lwma for a visual
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDSBH1.png Size: 40 KB
  • #9,902
  • Mar 26, 2016 9:24am Mar 26, 2016 9:24am
Quoting OAPDave
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 {image}
Are you using CCI custom candles, MACD bars, VQ bars or something else?

Thank you.
  • #9,903
  • Mar 26, 2016 9:32am Mar 26, 2016 9:32am
Quoting MidnightRun
{quote} Are you using CCI custom candles, MACD bars, VQ bars or something else? Thank you.
Just CCI Custom Candles set to 20 & +/- 200 overbought /oversold
Clive's CCI set to 20
The indicator Big Times just tells me the size of the bars
Just for an added visual lwma set to 20
  • #9,904
  • Mar 26, 2016 9:48am Mar 26, 2016 9:48am
Quoting OAPDave
{quote} Just CCI Custom Candles set to 20 & +/- 200 overbought /oversold Clive's CCI set to 20 The indicator Big Times just tells me the size of the bars Just for an added visual lwma set to 20
Thanks!
  • #9,905
  • Mar 26, 2016 10:29am Mar 26, 2016 10:29am
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....
Very nice update Clive. Been playing around with the exact indi's and set up for a few days. So far so good. If I catch a few 'post worthy trades' I will share.
Hope everyone has a great holiday weekend. -Jason
  • #9,906
  • Mar 27, 2016 4:23am Mar 27, 2016 4:23am
Quoting delta3
Hi Clive , range Bars love it ,do we have the MQL4 ???? thanks in advance
We certainly do my friend......
Attached File(s)
File Type: mq4 RangeBarChart_v103a (1).mq4   16 KB | 519 downloads
Feel the Fear and do it anyway!!!
  • #9,907
  • Mar 27, 2016 6:49am Mar 27, 2016 6:49am
Hi Dave - long time no speak.

Interesting perspective on Clive's system you got there.
  • #9,908
  • Mar 27, 2016 8:00am Mar 27, 2016 8:00am
Quoting handy148
Hi Dave - long time no speak. Interesting perspective on Clive's system you got there.
Hi hope you are keeping well and seeing Clive,s comments you are now all multi millionaires that play in the room, making 100s of pips a day on them 1 min charts, me well as you can see I am still about, just cannot cope with the 1 min, so just showing a chart to any one that's interested that you can still do ok without the need for speed and stress, find it a real shame that after following this thread all this time on trading FX it seems the only way to make money with this method and all its many changes is now in the Dax & Dow because its got a 1 pip spread
  • #9,909
  • Mar 27, 2016 9:04am Mar 27, 2016 9:04am
Quoting OAPDave
{quote} Hi hope you are keeping well and seeing Clive,s comments you are now all multi millionaires that play in the room, making 100s of pips a day on them 1 min charts, me well as you can see I am still about, just cannot cope with the 1 min, so just showing a chart to any one that's interested that you can still do ok without the need for speed and stress, find it a real shame that after following this thread all this time on trading FX it seems the only way to make money with this method and all its many changes is now in the Dax & Dow because...
Nothing new under sun. Many years ago, a fellow named Ken Wood rediscovered the CCI, I think he evolved into range bars as well. Clive's evolution is natural. He is working hard. He will graduate at some point.
If you are good at something, never do it for free--Joker
  • #9,910
  • Mar 27, 2016 10:38am Mar 27, 2016 10:38am
Dave - not quite true. Some of us, myself and your mate (the legend that is Hugh) trade GU a lot as well. And anyway it's quite possible that it works on higher time frames as well.

Of course lower spreads (1 and even 0.9) are very helpful for hyper scalpers on DAX and DOW.
  • #9,911
  • Mar 27, 2016 1:47pm Mar 27, 2016 1:47pm
Quoting handy148
Dave - not quite true. Some of us, myself and your mate (the legend that is Hugh) trade GU a lot as well. And anyway it's quite possible that it works on higher time frames as well. Of course lower spreads (1 and even 0.9) are very helpful for hyper scalpers on DAX and DOW.
I must admit that it is well possible to trade off 1 min charts, (the legend that is Hugh) kindly took me under his wing and spent many hours with me, but I just felt so guilty that my life style just would not let me give it the dedication the guy deserved from me to trade it, we had spent many hours before the 1 min cropped up trading bigger timeframes, but I think that the guy is so gifted at trading and on a different level to me, it was easier for me to return to timeframes that my lifestyle could fit in with, taking some of the things he had taught me, it comes as no surprise that any one that listens to him will do very well, also speaking to you, I new that you could trade even before you went to the 1 min so again it does not come as a surprise that you are doing well too. Let me just finish by saying yes it does work on bigger timeframes just have to put the work in and add decent Money-Management to it
  • #9,912
  • Mar 27, 2016 2:23pm Mar 27, 2016 2:23pm
Quoting OAPDave
{quote} I must admit that it is well possible to trade off 1 min charts, (the legend that is Hugh) kindly took me under his wing and spent many hours with me, but I just felt so guilty that my life style just would not let me give it the dedication the guy deserved from me to trade it, we had spent many hours before the 1 min cropped up trading bigger timeframes, but I think that the guy is so gifted at trading and on a different level to me, it was easier for me to return to timeframes that my lifestyle could fit in with, taking some of the things...
Hi Oldtimer

Great to see you're still around and doing well too. On the subject of the 1 min or higher timeframe argument , I think you should give these old range bars run out as you can slow it down to whatever speed you're comfortable with by increasing the range bar size.

Heres a 10 tick range bar chart on your old favourite GBPUSD.....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5 10 tick range bar charts.png Size: 93 KB


Just take each 10lwma colour change after the market opens , and away you go....Exit when it changes back again..

You could even try a 20 tick chart....

Catch you later Dave....
Feel the Fear and do it anyway!!!
  • #9,913
  • Mar 27, 2016 2:40pm Mar 27, 2016 2:40pm
Quoting clivepackham
{quote} Hi Oldtimer Great to see you're still around and doing well too. On the subject of the 1 min or higher timeframe argument , I think you should give these old range bars run out as you can slow it down to whatever speed you're comfortable with by increasing the range bar size. Heres a 10 tick range bar chart on your old favourite GBPUSD..... {image} Just take each 10lwma colour change after the market opens , and away you go....Exit when it changes back again.. You could even try a 20 tick chart.... Catch you later Dave....
Appreciate the clarity this post brings out. Thank you Clive
True Grit!
  • #9,914
  • Mar 27, 2016 4:30pm Mar 27, 2016 4:30pm
Dave - my dear friend Hugh is on a different level to me that's for sure.

He could trade on an abacus and make a fortune.
  • #9,915
  • Mar 27, 2016 6:24pm Mar 27, 2016 6:24pm
Quoting clivepackham
{quote} Hi Oldtimer Great to see you're still around and doing well too. On the subject of the 1 min or higher timeframe argument , I think you should give these old range bars run out as you can slow it down to whatever speed you're comfortable with by increasing the range bar size. Heres a 10 tick range bar chart on your old favourite GBPUSD..... {image} Just take each 10lwma colour change after the market opens , and away you go....Exit when it changes back again.. You could even try a 20 tick chart.... Catch you later Dave....
Clive,

Why isn't your Chart shown here a M10 Chart? You have the 1M Range bars set to 10..correct?

What am I missing that I need to know please. I am working hard at this.

Thanks

Here is my M12 offline on the USDJPY Asian Session Easter.
Attached Image (click to enlarge)
Click to Enlarge Name: TRADE-THIS.png Size: 34 KB
True Grit!
  • #9,916
  • Mar 27, 2016 7:56pm Mar 27, 2016 7:56pm
Range bar problem here to. Every time I try to set up range bar indy, it either gives me an error msg or freezes mt4. Tried FF search, youtube, and so far all info is different and ineffectual. Thanks
  • #9,917
  • Mar 27, 2016 8:17pm Mar 27, 2016 8:17pm
Hi clive
gpp/jpy and eur/jpy which is the range optimal (range bar setting)
  • #9,918
  • Mar 27, 2016 9:50pm Mar 27, 2016 9:50pm
Quoting clivepackham
{quote} 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...
Lol! Thanks Clive, all is well now, I was somewhat flummoxed with the chart and wasn't looking at the time scale!
  • #9,919
  • Mar 28, 2016 1:56am Mar 28, 2016 1:56am
Quoting hards
{quote} Clive, Why isn't your Chart shown here a M10 Chart? You have the 1M Range bars set to 10..correct? What am I missing that I need to know please. I am working hard at this. Thanks Here is my M12 offline on the USDJPY Asian Session Easter. {image}
The title of your chart depends what you call it in the "OutputTimeFrame" input so as I called this particular one "5" then its title says GBPUSD,M5. Probably shouldn't do that as it can cause confusion, but it helps me as I experiment with different range bar settings so helps me identify which one I want to open.

Sorry for the confusion....
Feel the Fear and do it anyway!!!
  • #9,920
  • Mar 28, 2016 2:03am Mar 28, 2016 2:03am
Quoting wealthpro
Hi clive gpp/jpy and eur/jpy which is the range optimal (range bar setting)
Just experiment my friend and try out different range bars to se which works best for you and the sped you want to trade at, the larger the range bar setting the slower the chart moves, guess you could think of it the same as a "higher timeframe" although of course its not as there is no "time" element to range bars...

It all depends on personal choice but as a rough guide I would say 5 on forex charts and 7 to 10 on DAX and DOW, maybe 7 on JPY pairs. It all depends on the volatility of whatever you're trading and personal choice on the speed you can cope with. There is no right or wrong.

Hope that helps....
Feel the Fear and do it anyway!!!
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