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Trading is as simple as ABCD

  • #10,201
  • May 19, 2016 6:05pm May 19, 2016 6:05pm
Quoting OAPDave
{quote} I have a very simple rule, if you look at the posters profile it will tell you how much time they spend on a thread, if it seems that its the only one they follow to me they are trying to learn and indeed are making money from it, if they keep going from thread to thread they are still searching for a thread that works for them
So, what is the answer to my question? I am making money mostly from following Clives's system.
True Grit!
  • #10,202
  • May 19, 2016 6:11pm May 19, 2016 6:11pm
Quoting hards
{quote} So, what is the answer to my question? I am making money mostly from following Clives's system.
You answered your own question, If Clives"s system is working for you - make it your own. it sounds like you already have.

you can give the same profitable system to 10 people and very few if any of the 10 will be profitable. Take what works for you and make it your own.
Regards
Live today like theres no tomorrow-- Prioritize like you will die today
  • #10,203
  • May 19, 2016 6:22pm May 19, 2016 6:22pm
Quoting iamsovereign
{quote} You answered your own question, If Clives's system is working for you - make it your own. it sounds like you already have. you can give the same profitable system to 10 people and very few if any of the 10 will be profitable. Take what works for you and make it your own. Regards
I have been a member here at FF for a few years and do not see any discussion about what percentage successful traders are netting per month. Is it a rule at FF not to talk about that subject.

This is the first thread I have ever posted to. The traders here seem open and honest.

I am trying to find info about how to determine if what I am doing is average, below average of above average compared to other traders. I don't want to compare to traders doing other systems. I would enjoy comparing to traders doing Clive's System.

I am not going to "beat the horse to death" about it either. If the successful traders in this thread trading Clive's System do not want to talk about it. So be it.

Best Regards
True Grit!
  • #10,204
  • May 19, 2016 6:27pm May 19, 2016 6:27pm
I got ya,

That's a good question.
Live today like theres no tomorrow-- Prioritize like you will die today
  • #10,205
  • May 19, 2016 6:29pm May 19, 2016 6:29pm
Here's the thing most threads post system setups but that's only half of the equation. The money management rules would need to be in force to know exactly what monthly profits would be. Things like stop loss target when to move stop to b e etc
  • #10,206
  • May 19, 2016 6:48pm May 19, 2016 6:48pm
Quoting iamsovereign
I got ya, That's a good question.
Thanks
True Grit!
  • #10,207
  • May 19, 2016 6:54pm May 19, 2016 6:54pm
Quoting Divergence
Here's the thing most threads post system setups but that's only half of the equation. The money management rules would need to be in force to know exactly what monthly profits would be. Things like stop loss target when to move stop to b e etc
I agree with that and thinking back on it I don't remember seeing that info here.

I do remember reading something about Clive shooting to make a Million dollars within a year trading the system but not much was posted about that.

Here is a nifty spread sheet that helps give the dream meaning. It is fun to mess with it. You guys probably have it already.
Attached File(s)
File Type: zip compound_interest_calculator.zip   23 KB | 424 downloads
True Grit!
  • #10,208
  • May 20, 2016 8:50am May 20, 2016 8:50am
In long. Bit late to the trend

Attached Image (click to enlarge)
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-5.
  • #10,209
  • May 20, 2016 12:39pm May 20, 2016 12:39pm
Here is a nice Trend on a Renko 6 PIP Box. I know you guys use Range Bars but I use Renko Charts and apply Clive to them.

Attached Image (click to enlarge)
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True Grit!
  • #10,210
  • May 20, 2016 6:47pm May 20, 2016 6:47pm
I just put a search on in this whole thread for the term OVO and another word....Omnia . I am not an affiliate and make no money by having you know how to find them on the Internet. I was very surprised that OVO & Omnia has not been part of this trading system by Clive.

OVO makes available to traders a variety of Indicators that deal with Range Bars and Renko Bars.

Did you know that there is an average true range for a Renko Bar. Most traders trade an arbitrary Bar consisting of a pip count they think is best. It may be 3, 5, 10, 12, 50, etc. Some idiot guru told then to is usually the case. I assume the same holds true with Range Bars.

I use Omnia Auto Range along side of OVO Renko Bar with Wicks.

Here is the website and there is a nice 13 minuet video that explains some of the info best.

https://ovo.cz/
True Grit!
  • #10,211
  • May 24, 2016 12:32pm May 24, 2016 12:32pm
I remember reading in the distant past, 'that indicators can add clutter and that PA is all that really matters'.

Now i can honestly say that i agree wholeheartedly.

Determine the trend HH's/HL's etc, wait for the pullback, trade the 123/C&H back into trend;

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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #10,212
  • May 24, 2016 1:19pm May 24, 2016 1:19pm
It's human nature to want to know more and to think you need to; need to in order to prove you are right.

"Trading is just a probability game. ~ Mark Douglas "
True Grit!
  • #10,213
  • Edited 5:27pm May 24, 2016 5:08pm | Edited 5:27pm
Quoting hards
It's human nature to want to know more and to think you need to; need to in order to prove you are right. "Trading is just a probability game. ~ Mark Douglas "
Very true my friend and I am convinced that most traders over analyse a very simple choice of up or down.....

Find a low risk entry point where you can expect price to move your way with a small stop.

As The Cableguy says, "The pullback in a trend" is just that, a small risk entry point with high potential return..

Heres my chart from just one hours on the DAX this morning just after London Opens ....Loads of opportunities to bag many pips.

Simple 7LWMA and take the crossovers with the trend or market structure sell the LH crossovers and buy the HL crossovers...stops no more than 10 pips and moves anything from 10 to 30 plus . I'm thinking of using just 5 pip stops then nice little 10 pippers are 1:2 RR trades..

Attached Image (click to enlarge)
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I've also marked a couple of simple pullbacks against the green 7lwma, couple of red candles then buy the top of the next green candle. So simple its ridiculous and far too simple for most traders to trust.

Today was a particularly good day with me bagging myself 92 pips in just one session...but we only really need 25 to 50 pips per day to make good money as my good friend Harold (Divergence) will tell you..

Keep it simple up or down.....makes your choice, place your trade and see what the market gives you...

Its as simple as ABCD......
Feel the Fear and do it anyway!!!
  • #10,214
  • May 24, 2016 5:36pm May 24, 2016 5:36pm
Very nice chart, thanks for posting it and sharing.
True Grit!
  • #10,215
  • May 24, 2016 8:56pm May 24, 2016 8:56pm
Quoting clivepackham
{quote} Very true my friend and I am convinced that most traders over analyse a very simple choice of up or down..... Find a low risk entry point where you can expect price to move your way with a small stop. As The Cableguy says, "The pullback in a trend" is just that, a small risk entry point with high potential return.. Heres my chart from just one hours on the DAX this morning just after London Opens ....Loads of opportunities to bag many pips. Simple 7LWMA and take the crossovers with the trend or market structure sell the LH crossovers and...
Good stuff Clive.
  • #10,216
  • May 25, 2016 1:30am May 25, 2016 1:30am
Quoting clivepackham
{quote} Very true my friend and I am convinced that most traders over analyse a very simple choice of up or down..... Find a low risk entry point where you can expect price to move your way with a small stop. As The Cableguy says, "The pullback in a trend" is just that, a small risk entry point with high potential return.. Heres my chart from just one hours on the DAX this morning just after London Opens ....Loads of opportunities to bag many pips. Simple 7LWMA and take the crossovers with the trend or market structure sell the LH crossovers and...
Great stuff as usual Clive. This thread is like a diary of your evolving as a trader who never forgets the underlying principle - "KISS."
AS you state: Harold (Divergence) is another guy who trades "simple" but effectively.
Oh -one other key factor - discipline. Without it you are lost in a sea of uncertainty and missed opportunity.
every Saint has a past. Every Sinner has a Future
  • #10,217
  • May 25, 2016 3:12am May 25, 2016 3:12am
Hi Clive!

As you say, it is actually so simple, but it is a case of lining up all the attributes. Discipline perhaps being the hardet to adhere too. Eventually though, it simply becomes a habit.

I like your chart. No need to over-complicate things.

For myself, i found something that suits. A very quick timescale where trades last for a mere number of seconds, but it hardly ever fails.
Here is the Dax chart from the past hour or so;

Attached Image (click to enlarge)
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Using reverse C&H trades (as a 123). Entry is a break of point 2, stop above point 3, but you are entering with trend after subwaves 1&2, (thus usually into powerful wave 3), so no waiting.

The important thing is that points 2&3 are made in single cycles. By using the tick by tick chart with small range bars, i can see when this happens very clearly.
We have a clear defined 'V' for our 123. Exit will usually be when the 20sma is hit (after the move gets into profit).
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #10,218
  • May 25, 2016 7:11am May 25, 2016 7:11am
Quoting clivepackham
{quote} Very true my friend and I am convinced that most traders over analyse a very simple choice of up or down..... Find a low risk entry point where you can expect price to move your way with a small stop. As The Cableguy says, "The pullback in a trend" is just that, a small risk entry point with high potential return.. Heres my chart from just one hours on the DAX this morning just after London Opens ....Loads of opportunities to bag many pips. Simple 7LWMA and take the crossovers with the trend or market structure sell the LH crossovers and...

Clive, did you changed range bars for renko?
  • #10,219
  • May 25, 2016 7:39am May 25, 2016 7:39am
Quoting Safadi
{quote} Clive, did you changed range bars for renko?
No. Those are range bars.
  • #10,220
  • May 27, 2016 3:04pm May 27, 2016 3:04pm
The Dax has been extremely jumpy of late causing some difficult trading conditions but had a chat with Manuel today and he mentioned the GBPUSD as its a lot smoother than the dax at the moment so I had a look at it with my 7lwma crossover system and first pullback after a fresh turn of the 7lwma...

Heres the GBPUSD with every crossover and first pullback today, 35 in total so no shortage of trades available and its not looking too shabby with a 8 pip stop...

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.SBM2 todays signals 2.png Size: 47 KB


Hmmm gonna have to look into this a bit more when I get back from my Hols next week...
Feel the Fear and do it anyway!!!
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