Trading is as simple as ABCD

Quoting mary4x

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{quote} Hi, hwornag. Regarding HL LL HH LH: HL (higher low), means the bottom of the candle is moving up from the previous candle(s). LL (lower low) means the bottom of the candle is moving down. HH means higher high. Top of the candle is moving up, and HL is higher low, meaning the top of the candle is moving down. The "higher" and "lower" refer to the tops and bottoms of the candles on the chart.

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Quoting hworang

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{quote} Hey it appears that you gave two separate definitions for HL HL is higher low, meaning the top of the candle is moving down. HL (higher low), means the bottom of the candle is moving up from the previous candle(s)

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Quoting hworang

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{quote} Hey it appears that you gave two separate definitions for HL HL is higher low, meaning the top of the candle is moving down. HL (higher low), means the bottom of the candle is moving up from the previous candle(s)

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Quoting iak

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{quote} LLHH.png;2173915 {image}

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Quoting hworang

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This is from http://www.forexfactory.com/showthre...86543&page=418 Can anyone clear this up?? How is he making pips here?? He is entering the red candles based on 175lwma and cci indicators and looking for a downtrend. He is selling when it is about to go down. But when did he buy??? Why not just sell everything on the first entry? If thats the point. Why does he keep waiting? {image}

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Quoting clivepackham

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{quote} I think you will find a do a very detailed explanation to every one of these entries on post 8353 http://www.forexfactory.com/showthre...54#post8463154 Basically I am selling wave tops in a downtrend, after reading that post let me know if you have any questions.... All the best Clive

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Quoting hworang

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{quote} wow, your still here...thanks and gradidtute.... I've already read that thread. I've read it everyday. Yes, thats what it appears you are doing. But WHY? How does that make any pips? Why didn't you just sell Everything at the first point, you would have made more ?

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Quoting hworang

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{quote} wow, your still here...thanks and gradidtute.... I've already read that thread. I've read it everyday. Yes, thats what it appears you are doing. But WHY? How does that make any pips? Why didn't you just sell Everything at the first point, you would have made more ?

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Quoting turnip15

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Sorry Clive -you beat me to it :-)

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Quoting clivepackham

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{quote} How long have you been trading my friend?? Not long I'd wager, because if you don't mind me saying, that is the question of a very limited experienced trader... Firstly when I take that first entry how do I know its going to carry on down the page for another 125 pips?? What is there to say it wasn't going to turn right around and come hammering back up the page??? In which case my winning 60 pips would have dwindled back to none, how much money would I make doing that all day?? Secondly if you notice how price continually waves up and down...

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Quoting hworang

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Wow scary, it feels as if I am JUST now understanding this system... But mind you I started from page one. I still don't know what BE means.. Break even??!

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Quoting clivepackham

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{quote} Like Handy148 has said DO NOT TRADE WITH REAL MONEY UNTIL YOU ARE MAKING MONEY EVERYDAY ON DEMO< THEN AND ONLY THEN DO YOU START USING REAL MONEY!!!!!! Once you can make positive pips everyday or at least 2 out of 3 days then maybe open a small trading account with real money and start small as there is a big diference between real trading and demo trading as no doubt you will find out. But try to treat them the same. I would suggest a nice simple system to trade is my ABCD system using CCI to identify entries and the 10lwma to give you...

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Quoting clivepackham

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{quote} Like Handy148 has said DO NOT TRADE WITH REAL MONEY UNTIL YOU ARE MAKING MONEY EVERYDAY ON DEMO< THEN AND ONLY THEN DO YOU START USING REAL MONEY!!!!!! Once you can make positive pips everyday or at least 2 out of 3 days then maybe open a small trading account with real money and start small as there is a big diference between real trading and demo trading as no doubt you will find out. But try to treat them the same. I would suggest a nice simple system to trade is my ABCD system using CCI to identify entries and the 10lwma to give you...

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Quoting clivepackham

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{quote} Like Handy148 has said DO NOT TRADE WITH REAL MONEY UNTIL YOU ARE MAKING MONEY EVERYDAY ON DEMO< THEN AND ONLY THEN DO YOU START USING REAL MONEY!!!!!! Once you can make positive pips everyday or at least 2 out of 3 days then maybe open a small trading account with real money and start small as there is a big diference between real trading and demo trading as no doubt you will find out. But try to treat them the same. I would suggest a nice simple system to trade is my ABCD system using CCI to identify entries and the 10lwma to give you...

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