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  • #10,441
  • Aug 4, 2016 9:56am Aug 4, 2016 9:56am
I think all the relevant #s to set CCI and MM per TF are obvious with the possible exception of the D1 which you show using a 256 (about 21 trading days a mnth x 12 = 252.

I might has guessed this would be based on the monthly and used the 32 or even the 16. It seems at 256 the octave size becomes easily several hundred pips for a reasonably active pair (GU on 256 currently 488 per octave and on 32 now 122). Surely the 122 octave range is too small pushing us up to the 256 which almost seems too big. This is probably just my inexperience working with these.

Just an observation.
  • #10,442
  • Aug 4, 2016 10:14am Aug 4, 2016 10:14am
Quoting clivepackham
{quote} Hi IakThanks yes gotJing but only lasts for 5 mins before it cuts out or do you know a way to extend the recording time???
Hi Clive its kool to ave u around in 2016 just stumbled on your unique abcd system and immediately i went intu my armament of indicators mebbe i can get the abcd indi but pity it aint there . Now i want tu follow this system so i picked a couple of your indies here on ff but found out the template aint complete just like in your last post .Can i get the indie stating all them currency pairs on the right of the chart .Please how do i get tu execute a trade must the 1minute 8pairs and 5minutes 8pairs alligned for a pair eg(eurusd 1min/eurusd5min(say Buy) or do i get tu look at the big picture say 60minutes before entering .Thanks
  • #10,443
  • Aug 4, 2016 10:24am Aug 4, 2016 10:24am
Quoting Islander
{quote} Thanks - if your mate is from the US, he's in the room right now - the other one - like Clive - is AWOL I'll post a chart or two as trading allows....
Yes he's the one from the UK, does not suffer fools, glowing remarks about you as you both have very similar trading styles, anyway he does not bother with the room now, he only went in after I introduce him to Clive and to get Clive up and running, anyway it would be really good if you could indeed post a few charts and make a few of you wise comments we can all learn, well the guys that are willing to learn, then we just might get this thread buzzing again like it did in days gone by, I for one will be looking forward to your next post
  • #10,444
  • Aug 4, 2016 10:31am Aug 4, 2016 10:31am
Quoting Forest-Sea
I think all the relevant #s to set CCI and MM per TF are obvious with the possible exception of the D1 which you show using a 256 (about 21 trading days a mnth x 12 = 252. I might has guessed this would be based on the monthly and used the 32 or even the 16. It seems at 256 the octave size becomes easily several hundred pips for a reasonably active pair (GU on 256 currently 488 per octave and on 32 now 122). Surely the 122 octave range is too small pushing us up to the 256 which almost seems too big. This is probably just my inexperience working...
Now your thinking, Murrey actual sings the praise of 64 & 32 but me being like most guys want to put my own slant on it right or wrong then I can only blame myself if it goes pear shape, by just making that comment you have made a great stride to making Murrey a good tool in your own trading kit, well done.
  • #10,445
  • Edited 7:08am Aug 5, 2016 2:57am | Edited 7:08am
Long... pull-back/wick...
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+20 pips. 25mins away from NFP so thats me done for week. Thankyou mister market. Have good weekend people.
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  • #10,446
  • Aug 5, 2016 8:35am Aug 5, 2016 8:35am
Remember the "good old days" with Clive just as the thread started off?
Well the concept has not changed one little bit!!


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  • #10,447
  • Aug 5, 2016 11:49am Aug 5, 2016 11:49am
Quoting Pipglutton
Remember the "good old days" with Clive just as the thread started off? Well the concept has not changed one little bit!! {image}
Hi PipG please can you help me with the zig zag indicator with the ABCD formation i will be grateful.Thanks
  • #10,448
  • Aug 5, 2016 4:13pm Aug 5, 2016 4:13pm
Quoting Pipglutton
Remember the "good old days" with Clive just as the thread started off? Well the concept has not changed one little bit!! {image}
It Would be very nice if Boss Clive could bring back it's glory days.
Motivation is what gets you started. Habit is what keeps you going
  • #10,449
  • Aug 5, 2016 5:15pm Aug 5, 2016 5:15pm
Quoting clivepackham
I think I might be over complicating it???? Its moving up when the 35 LWMA is green and its moving down when the 35 LWMA is red. {image} The old proverbial buy wave bottoms in an uptrend sell wave tops in a downtrend... Use the CCI to identify the wave tops and bottoms for you... Best place to buy or sell is just after a slope change, try to buy/sell the first two CCI signals only and hold on the slope changes.. Works on any timeframe you want to trade...
Hi Clive (if I may call you that), I'm new to trading like 1 to 10 level 1,5 and I just want to try your system in my demo account.

Would you be so kind to explain to me the technical wording you're using, such as "LWMA", "CCI", and how can I find them in my charts (Oscillator indicators?) and apply them in my charts. Please, I'd love to have a system that I can use as a start to help me understand the Forex trading world.

Thank you
  • #10,450
  • Aug 6, 2016 12:29pm Aug 6, 2016 12:29pm
Quoting clivepackham
I think I might be over complicating it???? Its moving up when the 35 LWMA is green and its moving down when the 35 LWMA is red. {image} The old proverbial buy wave bottoms in an uptrend sell wave tops in a downtrend... Use the CCI to identify the wave tops and bottoms for you... Best place to buy or sell is just after a slope change, try to buy/sell the first two CCI signals only and hold on the slope changes.. Works on any timeframe you want to trade...
Hi Clive (if I may call you that), I'm new to trading like 1 to 10 level 1,5 and I just want to try your system in my demo account.

Would you be so kind to explain to me the technical wording you're using, such as "LWMA", "CCI", and how can I find them in my charts (Oscillator indicators?) and apply them in my charts. Please, I'd love to have a system that I can use as a start to help me understand the Forex trading world.

Thank you
  • #10,451
  • Aug 6, 2016 2:55pm Aug 6, 2016 2:55pm
Quoting OAPDave
{quote}. Murrey actual sings the praise of 64 & 32.
I should add, whether it is wise is yet to be determined, that I am doing some MM investigations moving up the TF scale. I am looking over some different octave sizes especially on D1.

OAPDave, you have studied MM in greater depth and have access, it seems, to more detailed resources. I suppose it is premature for me to seek after MORE when I know LITTLE. However, I am working on it.

Are there other things you might, at some point, recommend to the MM traveller with application to forex?
Thank you again for your responses to me, and I hope others interested, thusfar. Much appreciated.


F-S
  • #10,452
  • Aug 6, 2016 3:54pm Aug 6, 2016 3:54pm
Quoting Forest-Sea
{quote} I should add, whether it is wise is yet to be determined, that I am doing some MM investigations moving up the TF scale. I am looking over some different octave sizes especially on D1. OAPDave, you have studied MM in greater depth and have access, it seems, to more detailed resources. I suppose it is premature for me to seek after MORE when I know LITTLE. However, I am working on it. Are there other things you might, at some point, recommend to the MM traveller with application to forex? Thank you again for your responses to me, and I hope...
Hi not really sure that there is to much interest in planning a trade be it 1min or 1day the only thing that seems to matter on here is the ENTRY and nothing but the ENTRY but because you are one of a handful of guys that see the benefit of Murrey I will try and answer your question at the risk of offending the small number of guys that still post or show any interest in this thread now. Murrey looks for acceptance or rejection when price is entering a new Octave he calls this is Baby 2/8ths which means if it can get into the new octave by 2/8th its accepted the octave, this means you can set up good risk/reward trades , now for obvious reasons some levels are better to apply this to then others (have a look at the 1/8th - 7/8th) levels, the 3/8th - 5/8ths level have to be traded with care he calls this the pipe or Normal trading area, I have shown a Daily chart with a Murrey 256 nearest number of trading days in a year, marked the baby 2/8ths with a yellow rectangle box, this setup works on all timeframes YES EVEN 1 MIN guys, the idea is to start your trade off at a 1 to 1 risk and when and if the trade goes you way move your stop according, hope that helps and gives you something to think about, do not forget the range meaning once we enter a new octave have we got enough left to stay there
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  • #10,453
  • Aug 6, 2016 4:11pm Aug 6, 2016 4:11pm
Might as well show a 1 min with NFP in view, not saying its always easy to trade but this is the result
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  • #10,454
  • Aug 6, 2016 4:39pm Aug 6, 2016 4:39pm
Quoting OAPDave
{quote} . Murrey looks for acceptance or rejection when price is entering a new Octave he calls this is Baby 2/8ths which means if it can get into the new octave by 2/8th its accepted the octave, this means you can set up good risk/reward trades , now for obvious reasons some levels are better to apply this to then others. {image}

Really interesting. By observation, I had become aware that something beyond the octave HL really qualified the price movement to the next octave and your sharing of the Murrey Baby 2/8 concept meshes exactly with this. Still, nice to have confirmation of what you 'see.'

Thanks.
  • #10,455
  • Aug 6, 2016 5:00pm Aug 6, 2016 5:00pm
Quoting Forest-Sea
{quote} Really interesting. By observation, I had become aware that something beyond the octave HL really qualified the price movement to the next octave and your sharing of the Murrey Baby 2/8 concept meshes exactly with this. Still, nice to have confirmation of what you 'see.' Thanks.
Guess what lenght M/avgs, ? to help you from jumping the gun, not really need but helps if you are scanning a lot of charts
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  • #10,456
  • Aug 7, 2016 7:35am Aug 7, 2016 7:35am
Quoting Forest-Sea
{quote} Really interesting. By observation, I had become aware that something beyond the octave HL really qualified the price movement to the next octave and your sharing of the Murrey Baby 2/8 concept meshes exactly with this. Still, nice to have confirmation of what you 'see.' Thanks.
Hi, been having a quick look at (Mer thread) not sure what to make of it, some weird views to my way of thinking (page 6 post 105) but hey he as made some very good money out of it, not read all of the thread yet, but what are your views ?
  • #10,457
  • Aug 8, 2016 3:36am Aug 8, 2016 3:36am
Snapshot of todays early action on the Gbp/Usd 1 minute, this follows Clives Method but I have tweeked the CCI setting and enter by Murrey Baby 2/8th with added stops and targets, the Baby 2/8ths entry comes into play when CCI is below its 0 line
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  • #10,458
  • Edited 5:21am Aug 8, 2016 5:07am | Edited 5:21am
I have been monitoring the thread for a while now, so I feel like I need to give back something to the community here.

"The first pullback is the best pullback" - It was the most important concept that I learned here. Despite the fact that the message is obvious, I often found myself trading the 3rd and 4th pullback and left wondering why the trade went South. Then, one day, it really hit me. Why am I trying to squeeze every pip out of a trend when the probability of the continuation fades with each pullback?

If I only trade the first (maybe the second) pullback, I could work with a much better R:R while reducing the frequency of my trades, thus saving myself the spread and the comissions.

Anyway, since I cannot read PA even if my life was dependent on it, I like to use indicators to signal my entry. I started out with Clive's indicators, but abandoned them due to being constantly whipsawed.

So, the concept remains the same (trade with the trend - preferably strong versus weak - entering on the pullbacks). It is the safest way to trade IMO. I usually shoot for a R:R 3:1, so even if my hit rate is only 30%, I still end up with 2R.

Indicators used:
FFX Universal Strength Meter (http://www.forexfactory.com/showthread.php?t=565276) | Settings: Strength Period: 10, TF: H1, LWMA (10)
QQE - New | Standard

I try to make my trading as mechanical as possible, so there are strict rules to follow to ensure that we are:

  1. Trading a strong currency against a weak one
  2. Our trade is the first PB
  3. We have an optimal R:R ratio

The rules are as follows for a long position:

  1. Check the FFX USM to see the strength of each currency
  2. Switch to the M5 TF and make sure that the QQE is > 0
  3. On the M1 TF, wait for the QQE to go below 0 and give a buy signal (green arrow)

There's a catch though! The entry singal on the M1 has to be the FIRST signal since the QQE is higher than 0 on the M5 TF. In other words, we are trading the first pullback.

As for trade management, I like to put my SL below the swing I just entered on, and have my TP at R:R 3:1. I move my SL to BE if price reach R:R 1,5:1. Alternatively, you could place your TP level at the completion of a potential ABCD move.

Anyway, that's about it guys, if my contribution is not welcomed, feel free to say so, and I will refrain from posting. I don't want to hijack the thread, nor disrespect Clive or his method in any way. I merely wanted to give you guys something back, as I learned a lot here.

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Invincibility lies in the defence; the possibility of victory in the attack
  • #10,459
  • Aug 8, 2016 5:29am Aug 8, 2016 5:29am
Quoting BBalazs
I have been monitoring the thread for a while now, so I feel like I need to give back something to the community here. "The first pullback is the best pullback" - It was the most important concept that I learned here. Despite the fact that the message is obvious, I often found myself trading the 3rd and 4th pullback and left wondering why the trade went South. Then, one day, it really hit me. Why am I trying to squeeze every pip out of a trend when the probability of the continuation fades with each pullback? If I only trade the first (maybe the...
What a very good and detailed post, I know of a very good trader that uses the QQE to devastating effect on a 1 min chart, used to be in the room but does not bother any more, please post more, if guys do not grab any of the information that you have explained in such detail, not really sure what the do want,
Thanks again
  • #10,460
  • Aug 8, 2016 5:45am Aug 8, 2016 5:45am
Quoting OAPDave
{quote} What a very good and detailed post, I know of a very good trader that uses the QQE to devastating effect on a 1 min chart, used to be in the room but does not bother any more, please post more, if guys do not grab any of the information that you have explained in such detail, not really sure what the do want, Thanks again
Thank you for your kind words

I grew quite fond of QQE, despite the fact that it is basically an RSI. CCI was fine, my only problem was that it was way too sensitive for my taste. I often got killed by a few pips before the move that I was waiting for started. I also found that the signals you get with this system are usually flag patterns on the M5 chart. Anyway, just like every other trend trading method, it works like a charm as long as there is a trend. I think that by using the strength meter, you are able to avoid most ranging periods.

After all, when it trends, trading becomes easy
Invincibility lies in the defence; the possibility of victory in the attack
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