Trading is as simple as ABCD | Page 506 | Forex Factory

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Trading is as simple as ABCD

  • #10,101
  • Apr 18, 2016 9:32pm Apr 18, 2016 9:32pm
Hi Guys
I'm currently in the EUR CAD Short which has now got a confirmed break of a bearish Flag Pattern. First target is 1.4130, Second Target is 1.37070.

Attached Image (click to enlarge)
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Also thought you guys might want to check out a FREE course that covers a lot of basic price action in video form. Was pretty helpful and worth a look for anyone interested.

https://www.udemy.com/the-complete-trading-course/
  • #10,102
  • Apr 19, 2016 2:30pm Apr 19, 2016 2:30pm
Quoting bapakjason
{quote} This one is same as currency strength meter (CSM) giraia. Output numbers and colors can be adjusted in settings. It can be found in this thread or under files I've posted. -Jason
Thanks but in a branch of 10100 posts, without having the name of the indicator it is difficult to look for! Please share!
  • #10,103
  • Apr 19, 2016 4:36pm Apr 19, 2016 4:36pm
Quoting mercyr
{quote} Thanks but in a branch of 10100 posts, without having the name of the indicator it is difficult to look for! Please share!
I think you are looking for Clive's Strongest Weakest. Page 3 of file attachments.
  • #10,104
  • Apr 19, 2016 8:42pm Apr 19, 2016 8:42pm
Quoting mercyr
{quote} Thanks but in a branch of 10100 posts, without having the name of the indicator it is difficult to look for! Please share!
Hey mercyr, hope your week is going well. You may use the words 'CSM giraia' and check the two places I show below. The thread's paper clip, and search option (one for the thread, one for forex factory, there are two actually). This will help you as you may discover lots of interesting things along the way. Also, if your broker uses a suffix or prefix, you will want the CSM giraia that I have posted which enables use of prefix/suffix. Which reminds me, you can also find it under the files I have posted by checking the few files listed under my profile. Hope this helps. -Jason
Attached Image
  • #10,105
  • Apr 22, 2016 2:30am Apr 22, 2016 2:30am
is here anyone to help me to understand the csm indicator? I tried so much but I have failed to catch the logic for using the indicator. please help me
  • #10,106
  • Apr 22, 2016 4:26am Apr 22, 2016 4:26am
Where most traders go wrong is...

they want only winning trades...

they want a guru telling em when to buy and sell...

and they get lost in details.

the point about this thread - which is really good bythe way - is the concept.

Buy pullbacks in a trend.

Indicator setting are really pretty irrelevant in the big scheme of things here.
Trading is just a probability game.
  • #10,107
  • Apr 22, 2016 4:44am Apr 22, 2016 4:44am
Actually even the indicators themselves are pretty irrelevant.

Won't make much difference to end results over time if you use MACD or a moving average or Stochs or whatever to identify trend, and what you use to identify a pullback, channels, oscillators, whatever, to identify the pullback.
Trading is just a probability game.
  • #10,108
  • Apr 22, 2016 9:56am Apr 22, 2016 9:56am
Quoting DashRiprock
Where most traders go wrong is... they want only winning trades... they want a guru telling em when to buy and sell... and they get lost in details. the point about this thread - which is really good bythe way - is the concept. Buy pullbacks in a trend. Indicator setting are really pretty irrelevant in the big scheme of things here.
Excellent summary.
every Saint has a past. Every Sinner has a Future
  • #10,109
  • Apr 22, 2016 10:05am Apr 22, 2016 10:05am
Quoting DashRiprock
Where most traders go wrong is... they want only winning trades... they want a guru telling em when to buy and sell... and they get lost in details. the point about this thread - which is really good bythe way - is the concept. Buy pullbacks in a trend. Indicator setting are really pretty irrelevant in the big scheme of things here.
Bill Williams, the guy who wrote Trading Chaos wrote that in the beginning he was trying to win on every trade. As He matured, He realized that He missed a lot of trades. Later He said I lose on more trades than I win, Yet I make more on the winners than I lose on the losers. His winning percentage on trades was around 40%. He cut his losses quickly and tried to hold the winners longer. Most young trades take profit quickly and hold losers longer. Just a thought. Have a great weekend everyone.
  • #10,110
  • Apr 22, 2016 1:11pm Apr 22, 2016 1:11pm
Quoting kthrapp350
{quote} Bill Williams, the guy who wrote Trading Chaos wrote that in the beginning he was trying to win on every trade. As He matured, He realized that He missed a lot of trades. Later He said I lose on more trades than I win, Yet I make more on the winners than I lose on the losers. His winning percentage on trades was around 40%. He cut his losses quickly and tried to hold the winners longer. Most young trades take profit quickly and hold losers longer. Just a thought. Have a great weekend everyone.
Some very wise words here today.....
Feel the Fear and do it anyway!!!
  • #10,111
  • Apr 23, 2016 3:54am Apr 23, 2016 3:54am
Completely agree.

Very well said kthrap.

:-)
Trading is just a probability game.
  • #10,112
  • Apr 23, 2016 3:55am Apr 23, 2016 3:55am
Great thread Clive.

Sincerely hope you're living the dream, or at least well on the way.

You definitely have all the necessary ingredients here.

:-)
Trading is just a probability game.
  • #10,113
  • Edited 4:53am Apr 25, 2016 4:24am | Edited 4:53am
​Morning. Short eur/usd
looking a bit jumpy since pic...
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Moved to a BE position...
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Out for BE
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  • #10,114
  • Edited 5:38am Apr 25, 2016 5:25am | Edited 5:38am
​Long EurUsd...
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Out -5pips
  • #10,115
  • Apr 25, 2016 5:55am Apr 25, 2016 5:55am
​short...
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-5
that will teach me to trade during this time of day!
  • #10,116
  • Edited 6:45am Apr 25, 2016 6:15am | Edited 6:45am
​4.Long...
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-5
  • #10,117
  • Apr 25, 2016 6:21am Apr 25, 2016 6:21am
Respect for posting trades BEFORE outcome is known.

Bit of a rarity on these shores.

;-)
Trading is just a probability game.
  • #10,118
  • Edited 8:45am Apr 25, 2016 8:12am | Edited 8:45am
​5.Short...
Attached Image (click to enlarge)
Click to Enlarge Name: 5.short.png Size: 26 KB

-5
tough day at the chop.
  • #10,119
  • May 5, 2016 8:08am May 5, 2016 8:08am
Just joining this thread, nice to see so much enthusiasm. Started following Clive's posts in the 'More simple is impossible' thread and naturally progressed to here. I'll be honest I'm nowhere near caught up. Read the first few pages then skipped to 416 but struggling to find the right indis & if there's a template. I had a sift through the the attachments and have the colour change MA and TT CCI on my chart but can't find the updated 'top 8', mine are displaying on the left and have the top 8 for 1m and 15m TFs.

Sorry to be an absolute pain, I'm the first to 'tut' when I read a post like this but I'm sure it'll be helpful not just for me but for any other newcomers faced with the 506 pages to have an updated list of indicators somewhere.

Thanks in advance,

Alex
  • #10,120
  • May 5, 2016 8:22am May 5, 2016 8:22am
Quoting Flipflop4
Just joining this thread, nice to see so much enthusiasm. Started following Clive's posts in the 'More simple is impossible' thread and naturally progressed to here. I'll be honest I'm nowhere near caught up. Read the first few pages then skipped to 416 but struggling to find the right indis & if there's a template. I had a sift through the the attachments and have the colour change MA and TT CCI on my chart but can't find the updated 'top 8', mine are displaying on the left and have the top 8 for 1m and 15m TFs. Sorry to be an absolute pain, I'm...
Hi Alex,
Try going to these posts.
8,891. 8898. 8899. 9001. 9732. 8353.
Hope this is of help.
Galatians VI As you sow so shall you reap.
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