Trading is as simple as ABCD | Page 534 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gartley/bat/crab/butterfly/abcd/three Drives Pattern Indicator Help 50 replies

Abcd fibo retracement trading journal 109 replies

ABCD - My way 122 replies

ABCD Fibo 82 replies

abcd patterns 1 reply

Attachments: Trading is as simple as ABCD
Exit Attachments

Trading is as simple as ABCD

  • #10,661
  • Sep 6, 2016 4:07am Sep 6, 2016 4:07am
Quoting OAPDave
{image}
Close as makes no difference.
  • #10,662
  • Sep 6, 2016 4:14am Sep 6, 2016 4:14am
Quoting OAPDave
{quote} Taking this idea can you see a very simple way to scalp, not unlike how Dennis trades ?
A 15min chart of a very basic way in my view of the way Dennis trades I use Murrey instead of Pivots, REMEMBER its a very basic, Dennis way as far more meat on the bone, a far better, if you can understand complete method of trading that he is showing, to me the guy is top class, must say the guy is going the extra mile to show his method but he is going far to fast for me and at times way over my head, I am a chapter behind every post but it lends its self to the way I look at Murrey right or wrong
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDSBM15.png Size: 64 KB
  • #10,663
  • Sep 6, 2016 4:34am Sep 6, 2016 4:34am
Quoting OAPDave
{quote} A 15min chart of a very basic way in my view of the way Dennis trades I use Murrey instead of Pivots, REMEMBER its a very basic, Dennis way as far more meat on the bone, a far better, if you can understand complete method of trading that he is showing, to me the guy is top class, must say the guy is going the extra mile to show his method but he is going far to fast for me and at times way over my head, I am a chapter behind every post but it lends its self to the way I look at Murrey right or wrong {image}
Entering the trade at point of the breaking out of the blue block would be great. Problem is the fact that its at midnight!!
  • #10,664
  • Sep 6, 2016 4:39am Sep 6, 2016 4:39am
As Dennis might say , maybe look for a fade back
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYSBM15.png Size: 82 KB
  • #10,665
  • Sep 6, 2016 4:45am Sep 6, 2016 4:45am
Quoting OAPDave
{quote} A 15min chart of a very basic way in my view of the way Dennis trades I use Murrey instead of Pivots, REMEMBER its a very basic, Dennis way as far more meat on the bone, a far better, if you can understand complete method of trading that he is showing, to me the guy is top class, must say the guy is going the extra mile to show his method but he is going far to fast for me and at times way over my head, I am a chapter behind every post but it lends its self to the way I look at Murrey right or wrong {image}
There's a book that was mentioned several times in his thread, called the Secrets of the Pivot Boss by Franklin Ochoa. You can easily download it from the net. It might worth a read as Dennis' method is based on the content of the book.
Invincibility lies in the defence; the possibility of victory in the attack
  • #10,666
  • Sep 6, 2016 5:08am Sep 6, 2016 5:08am
Quoting BBalazs
{quote} There's a book that was mentioned several times in his thread, called the Secrets of the Pivot Boss by Franklin Ochoa. You can easily download it from the net. It might worth a read as Dennis' method is based on the content of the book.
Thanks for that, Yes Dennis says many time he was mentored by the guy amongst others, he to my understanding is showing that original method but as added a few twists of his own to it, as you know from my posts I am a Murrey Maths fan, and I am happy with that, but accept that you cannot be blind and blinkered and you can learn something new everyday in this game if you look, Dennis as learnt well and is a far better trader than me, should be he as been taught by better guys than me, but hey all though I am mostly self taught I am getting there if only slowly, the other thing I must add I not only have to learn how to trade, I have to learn this computer game as well and boy that does not come easy to me either,
As of now I have asked if anyone can solve what must be a very simple input problem with the GKFX suffix problem I am having with the strength meter, but hey no help, so another simple silly problem for me to solve.
Most likely put the book on my Birthday or Christmas list for my kids to buy me.
  • #10,667
  • Sep 6, 2016 6:13am Sep 6, 2016 6:13am
Quoting Pipglutton
{quote} Entering the trade at point of the breaking out of the blue block would be great. Problem is the fact that its at midnight!!
What do you think of this one, go though your charts many like this, Honest question is your Strength Meters guiding you to these, meaning as I cannot get mine to work, haha
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDSBM15.png Size: 77 KB
  • #10,668
  • Sep 6, 2016 7:26am Sep 6, 2016 7:26am
Quoting OAPDave
{quote} What do you think of this one, go though your charts many like this, Honest question is your Strength Meters guiding you to these, meaning as I cannot get mine to work, haha {image}
The attached is Clive's Weakest/Strongest indi. It was used to show you the 2 strongest (RED) the middle of the range (WHITE) and the weak (BLUE) at any given time.
It was used in conjunction with his top trending pairs indi. This was in the day when the ABCD thing was very prominent.
They did not really guide you. Was more of an info thing (snap shot) at any given time. The bad thing about them was the fact that they are very sensitive....

The two do not differ much (see below)
Attached Image
  • #10,669
  • Sep 6, 2016 7:54am Sep 6, 2016 7:54am
Quoting Pipglutton
{quote} The attached is Clive's Weakest/Strongest indi. It was used to show you the 2 strongest (RED) the middle of the range (WHITE) and the weak (BLUE) at any given time. It was used in conjunction with his top trending pairs indi. This was in the day when the ABCD thing was very prominent. They did not really guide you. Was more of an info thing (snap shot) at any given time. The bad thing about them was the fact that they are very sensitive.... The two do not differ much (see below) {image}
Yes its very strange got that one loaded last night and it also as not made a change in its reading, no worries now I am not going to use them at all even if I got them to work, After many years of ups and downs in this game, I had started to move forward with Murrey now with Dennis arriving another piece of the jigsaw as dropped into place, I will never be able to trade as well as Murrey or Dennis, or get the best out of everything he is showing us but hey I am at a good place now, as Clive would say, a lot of guys will be happy as like Clive I feel no need to keep posting now, yes some good guys appeared giving good thoughts and ideas, which I looked at but to be fair just cannot see the need to learn anything different, its just Murrey and Dennis for me with just my own slant on things, time will tell if right or wrong
  • #10,670
  • Sep 6, 2016 8:19am Sep 6, 2016 8:19am
This "Top 16" indi is also something Clive developed. Because of the ABCD system being all about trading TRENDS
this little indi was very handy in checking what was the strongest trending pair at any given time.
Should the number be below 50 for the 1M you don't trade it and below 120 for the 5M you don't trade.
Depending on your settings, this indy would will load the charts showing on screen. It also changed everything on the chart from red to green or vica-verca depending whether the trend was bullish or bearish. Also the color of the numbers (below) shows whether it's bullish or bearish.
Attached Image
  • #10,671
  • Sep 6, 2016 8:42am Sep 6, 2016 8:42am
Quoting Pipglutton
This "Top 16" indi is also something Clive developed. Because of the ABCD system being all about trading TRENDS this little indi was very handy in checking what was the strongest trending pair at any given time. Should the number be below 50 for the 1M you don't trade it and below 120 for the 5M you don't trade. Depending on your settings, this indy would will load the charts showing on screen. It also changed everything on the chart from red to green or vica-verca depending whether the trend was bullish or bearish. Also the color of the numbers...
Not being rude my friend but followed Clive from day one and never got any were, I know you are being helpful but I do not want or need any indicators only MURREY and PIVOTS and a box tool, no offence is meant but moved on from all that stuff for good
  • #10,672
  • Sep 6, 2016 9:04am Sep 6, 2016 9:04am
Apologies......
  • #10,673
  • Sep 6, 2016 9:32am Sep 6, 2016 9:32am
Quoting Pipglutton
{quote} The attached is Clive's Weakest/Strongest indi. It was used to show you the 2 strongest (RED) the middle of the range (WHITE) and the weak (BLUE) at any given time. It was used in conjunction with his top trending pairs indi. This was in the day when the ABCD thing was very prominent. They did not really guide you. Was more of an info thing (snap shot) at any given time. The bad thing about them was the fact that they are very sensitive.... The two do not differ much (see below) {image}
How do you use the Weakest/Strongest indicator for trading?
How do you trade if there are two currencies shown in red?
  • #10,674
  • Sep 6, 2016 9:44am Sep 6, 2016 9:44am
Quoting coverman
{quote} How do you use the Weakest/Strongest indicator for trading? How do you trade if there are two currencies shown in red?
Hi Coverman
The strongest currency are at the top and the weakest one is at the bottom. The 2 red ones are strong, the 3 white ones are average and the 2 blue ones are weak.
  • #10,675
  • Sep 6, 2016 9:45am Sep 6, 2016 9:45am
Thanx to the opening hour...... 50 pips in the pocket!
Attached Image (click to enlarge)
Click to Enlarge Name: 50pips.PNG Size: 53 KB
  • #10,676
  • Sep 6, 2016 9:46am Sep 6, 2016 9:46am
Thank you Pipglutton. I saw that info earlier, but how do you trade that info?
Do you trade the red ones as a pair? Or do you trade the red ones in pair with the blue ones?
  • #10,677
  • Sep 6, 2016 10:08am Sep 6, 2016 10:08am
Quoting coverman
Thank you Pipglutton. I saw that info earlier, but how do you trade that info? Do you trade the red ones as a pair? Or do you trade the red ones in pair with the blue ones?
Coverman.
This indicator is just for info. You cannot trade with it.
I suggest you go back to page 300 or so. You will find all the info you need there.
If you don't come right, let me know.
  • #10,678
  • Sep 6, 2016 10:18am Sep 6, 2016 10:18am
Quoting coverman
Thank you Pipglutton. I saw that info earlier, but how do you trade that info? Do you trade the red ones as a pair? Or do you trade the red ones in pair with the blue ones?
Coverman.
Download the attached indicator. It will give you the strongest currency pairs at any time.
Attached Image
Attached File(s)
File Type: ex4 #top 28 trenders all brokers_vA.1.3.ex4   53 KB | 389 downloads
  • #10,679
  • Sep 6, 2016 10:45am Sep 6, 2016 10:45am
Quoting Pipglutton
Thanx to the opening hour...... 50 pips in the pocket! {image}
50pips magic my friend WELL DONE proud of you
  • #10,680
  • Sep 6, 2016 10:56am Sep 6, 2016 10:56am
Quoting Pipglutton
Thanx to the opening hour...... 50 pips in the pocket! {image}
What are you using for 5min I would use Murrey 288
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYSBM5.png Size: 68 KB
3 traders viewing now