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Trading is as simple as ABCD

  • #10,461
  • Aug 8, 2016 6:29am Aug 8, 2016 6:29am
"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."

I think your method is very sound and contribution from my point of view very welcomed.

Gaza
  • #10,462
  • Aug 8, 2016 7:03am Aug 8, 2016 7:03am
Quoting Slingshots1
{quote} Hi PipG please can you help me with the zig zag indicator with the ABCD formation i will be grateful.Thanks
Hi Slingshot1.

Attached is the zig zag indi as requested.

Rgds
Pieter
Attached File(s)
File Type: mq4 ZigZag.mq4   8 KB | 288 downloads
  • #10,463
  • Aug 8, 2016 8:24am Aug 8, 2016 8:24am
Just a quick chart showing how price interacts with Murrey levels on a 1min chart. A couple of different ways of taking trades using levels with TDI confirmation and CCI. Last example is a first pullback trade after price testing ultimate resistance at 0/8th level, breaks down to -1/8th level pulls back and then goes lower , confirmed by CCI and TDI.
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  • #10,464
  • Aug 8, 2016 9:08am Aug 8, 2016 9:08am
Quoting OAPDave
{quote} 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 ?

I would like to add D1 with MML to the M1/M5 efforts here on Clive's site, and it doesn't take long to read the 28 pages of Mer's forum (FF202379).

He used very simple entry and exits and had great success. Remarkable really. Solid and sustained results, it seems.

The VG MML indicator Mer used/recommended often seems to match the Time Frame MML indicator on this forum set to 64. You can get a match playing around with them side by side. I don't think I found any matches as far up as D1 256 but maybe some 128s.

I am wary of the utility of backtesting, but my own backtest checks across quite a number of pairs is positive. I need to do more here, but that may best be tested with small risk entries below the 0.1 lot level. Though small, it is at least the real deal.

I also use Oanda (US broker limitation problem) and my MT4 D1 charts reset at 0000 NY, not too ideal. I would actually prefer D1 charts that open the new day on NY close/Australia open. What I am trying to say is my observations on D1 don't look a lot like anything else due to the odd D1 start and somewhat different candles. I may open a demo acct with a more optimal pattern and enter with the current broker for a while. That's ok on D1 I think where seconds probably don't matter, and I do need an MT4 to load Murrey Math.

IF one adds other filters (obviously Mer did not) which slow entry to 'confirm' change of direction this method isn't really viable since he enters with an initial close in a new octave if short of the mid-point. Then run up to the next octive for TP. It appears adding CCI, Sto, OSMA, some MA or whatever -- all of which may be valuable -- but they probably cannot be meshed with his entry/exit intentions which would normally allow you to enter earlier.

I know we are on the dark side of the moon discussing MML on Clive's excellent site. MML is certainly related to what he espouses but may not conform to the ABCD concept that got us all here in the first place. I do hope we might continue to discuss MML to some limited level here.

I will be off on family business for about a week which gives me time to think about all this. Not sure how much I might be able to post, but I will be back on my return for sure.

Great week to OAPDave and All!

F-S
  • #10,465
  • Aug 8, 2016 9:47am Aug 8, 2016 9:47am
Quoting Forest-Sea
{quote} I would like to add D1 with MML to the M1/M5 efforts here on Clive's site, and it doesn't take long to read the 28 pages of Mer's forum (FF202379). He used very simple entry and exits and had great success. Remarkable really. Solid and sustained results, it seems. The VG MML indicator Mer used/recommended often seems to match the Time Frame MML indicator on this forum set to 64. You can get a match playing around with them side by side. I don't think I found any matches as far up as D1 256 but maybe some 128s. I am wary of the utility of...
Thanks for your well researched and thoughtful reply, have now read all of (Mer thread) some things for me to have a think about.
  • #10,466
  • Aug 8, 2016 9:58am Aug 8, 2016 9:58am
Quoting OAPDave
{quote} Thanks for your well researched and thoughtful reply, have now read all of (Mer thread) some things for me to have a think about.
You can purchase his manuals as a stand alone deal from his seminars and software, but be warned his back office is absolute dismal, available from his main site, so make contact first to be sure he still as them and in print, I had to wait a while for mine he had sold out a was waiting for the new print run to be delivered
  • #10,467
  • Aug 8, 2016 10:49am Aug 8, 2016 10:49am
FYI I too have looked at MM levels etc and do not use them for trading Dax and doubt that the Big Boys use them.......KISS with Sweet Spots aka Psych Levels, Daily Pivot Levels and prior S&R are more than sufficient

A few trades from earlier this afternoon....Day's Open is Eurex - 8am CET
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Trading Levels with WRBs
  • #10,468
  • Aug 9, 2016 12:29am Aug 9, 2016 12:29am
Quoting Pipglutton
{quote} Hi Slingshot1. Attached is the zig zag indi as requested. Rgds Pieter {file}
Thanks Buddy i will also like to pm you i have something to show you so maybe we can brainstorm on it together on how to go by it. Check out your private message box i will drop it there.
  • #10,469
  • Aug 9, 2016 9:23am Aug 9, 2016 9:23am
Today's reuslts, a winner and a loser.

AUDNZD was tricky, the setup was alright, it just did not work.

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GBPJPY kicked ass though.

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Invincibility lies in the defence; the possibility of victory in the attack
  • #10,470
  • Aug 9, 2016 12:28pm Aug 9, 2016 12:28pm
Quoting BBalazs
Today's reuslts, a winner and a loser. AUDNZD was tricky, the setup was alright, it just did not work. {image} GBPJPY kicked ass though. {image}
Hello BBalazs, please can you upload your qqe indy. Thanks in advance
  • #10,471
  • Edited Aug 10, 2016 1:57am Aug 9, 2016 12:45pm | Edited Aug 10, 2016 1:57am
Quoting Samuelkanu
{quote} Hello BBalazs, please can you upload your qqe indy. Thanks in advance
Sure thing. As I said, it does not matter which indicator you are using, as long as you find a trend and trade the first or second PB.

I like to use indicators because they are making trading a lot more easier for me. As I said already, I just cannot read naked charts, no matter how hard I tried. There are a lot of guys who are excellent PA traders, unfortunately I am not one of them. It is just way too subjective for my taste.

However, if you take a look at any of the charts I posted, you can clearly see a pattern that is being traded time and time again. You see a consodilation of some sort, then a breakout from that consodilation, and finally a pullback. Whether the PB is really a PB is beyond telling until after the fact. It is pure PA, but we are using 2 indicators to make our trading more objective. If you trade QQE or CCI or any indicator's signals blindly (without knowing the why), you will get slaughtered, no doubt about it.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 53 KB
Attached File(s)
File Type: mq4 QQE-New.mq4   9 KB | 466 downloads
Invincibility lies in the defence; the possibility of victory in the attack
  • #10,472
  • Edited Aug 10, 2016 12:37pm Aug 9, 2016 10:04pm | Edited Aug 10, 2016 12:37pm
ABCD beauty. 3pip Renko and 50LWMA.
+40pip.

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  • #10,473
  • Aug 10, 2016 3:49am Aug 10, 2016 3:49am
Dax had a good day yesterday
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Trading Levels with WRBs
  • #10,474
  • Aug 10, 2016 4:00am Aug 10, 2016 4:00am
NZDUSD LO long

Today's long on NZDUSD was quite interesting.

The USM indicated that the USD is getting slaughtered, virtually every currency was kicking it's ass.

I decided to buy the NZD, as it was the first one giving the pattern I'm looking for. Although I did not have much faith in it, as price printed a LL on the M5 chart. However, it did manage to climb above the latest high, creating a HH. It is a situation I do not favor, because often the price just goes into consodilation mode. Without the HH, I sure as hell wouldn't have taken the trade.

The structure of price is the only PA "tool" that I am using, although sometimes I'm having a hard time deciding which swing should be labeled as a "low" or "high".

M5
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M1
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Regarding R:R ratios, I firmly believe that it is the only aspect of the method that is making it profitable. After all, a R:R 3:1 ensures that with a weak 30% winning rate, we still end up making money. Assuming of course, that we are consistent with our position sizes. The problem with M1 charts is that you have to be extremely fast with your calculation. Since we are using SL that is not constant (i.e.: we are not having a Stop Loss of 5 PIPs all the time, rather having it under/above the recent swing low/high), our SL vary with each trade. On top of that, the tick value isn't a constant either. The little Tick-Value indicator on the top left is a huge help for me, as it displays how much - in terms of your account currency - each pip move worth.
Invincibility lies in the defence; the possibility of victory in the attack
  • #10,475
  • Aug 10, 2016 4:03am Aug 10, 2016 4:03am
Quoting Islander
Dax had a good day yesterday {image}
WOW, DAX is a cruel mistress, I have lost some money trying to romance her I admire anyone who can pull out consistent profits trading it
Invincibility lies in the defence; the possibility of victory in the attack
  • #10,476
  • Aug 10, 2016 7:27am Aug 10, 2016 7:27am
USDJPY Shorts

USD kept losing it's ground against ALL the other pairs, which presented me with 2 opportunities with the UJ pair.

The first try was a loss, I was in the position for a few minutes with the price going a couple of pips in my direction. Well, that's trading. The second was a success, although I almost got stopped out. 1,5 more pips and my SL is triggered.

Attached Image (click to enlarge)
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I will reduce the frequency of my postings here, I think I provided enough examples for you guys to prove that Clive's method does work. All I did was personalize it to compliment my personality. In the meantime, instead of liking photos on facebook, you might want to check out DashRiprock's posts. He is an inspiration for me, unfortunately, his activity on FF was short, but nevertheless educational.
Invincibility lies in the defence; the possibility of victory in the attack
  • #10,477
  • Aug 10, 2016 9:39am Aug 10, 2016 9:39am
Quoting BBalazs
USDJPY Shorts USD kept losing it's ground against ALL the other pairs, which presented me with 2 opportunities with the UJ pair. The first try was a loss, I was in the position for a few minutes with the price going a couple of pips in my direction. Well, that's trading. The second was a success, although I almost got stopped out. 1,5 more pips and my SL is triggered. {image} I will reduce the frequency of my postings here, I think I provided enough examples for you guys to prove that Clive's method does work. All I did was personalize it to compliment...
Hello BB i have just downloaded your qq new indi but can you help me with those stop loss and take profit lines its so simple if only those lines can be added to the QQ.Pls reply.Rgds
  • #10,478
  • Aug 10, 2016 10:49am Aug 10, 2016 10:49am
Quoting Slingshots1
{quote} Hello BB i have just downloaded your qq new indi but can you help me with those stop loss and take profit lines its so simple if only those lines can be added to the QQ.Pls reply.Rgds
I'm not sure I completely understand your request. I draw those line with Paint for illustrating purposes. If you get a signal, simply place your SL above / below the recent swing low / high that preceeded it. TP is 3 times your SL, thus you'll have a R:R 3:1.
Invincibility lies in the defence; the possibility of victory in the attack
  • #10,479
  • Aug 10, 2016 5:13pm Aug 10, 2016 5:13pm
Quoting BBalazs
{quote} I'm not sure I completely understand your request. I draw those line with Paint for illustrating purposes. If you get a signal, simply place your SL above / below the recent swing low / high that preceeded it. TP is 3 times your SL, thus you'll have a R:R 3:1.
Thanks BB yes im referring to those lines what i want to know is can those lines be programmed to appear automatically when a potential signal is given by the QQ.
  • #10,480
  • Aug 11, 2016 1:42am Aug 11, 2016 1:42am
Quoting Slingshots1
{quote} Thanks BB yes im referring to those lines what i want to know is can those lines be programmed to appear automatically when a potential signal is given by the QQ.
Well, that kind of thing is beyong my programming abilities which is basically nonexistent. However, it takes approximately 10 seconds to place your SL and your TP.
Invincibility lies in the defence; the possibility of victory in the attack
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