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clivepackham replied Jul 15, 2014Ok so heres what I'm thinking. There are 2 types of setups for us to trade both within the LO and NYO times above. 1) The continuation Trade. 2) The Reversal Trade. I am more than happy that the TT indy brings us the Continuation trade setups day ...
Trading is as simple as ABCD
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clivepackham replied Jul 15, 2014Great chart Mr V. That is exactly what I'm after as the perfect reversal setup 1) Time of day, money comes to the table. 2) Nice sharp cross of the MA's quick banking, so positive reversal setup. 3) Pullbacks to the MA's break and retest of MA's and ...
Trading is as simple as ABCD
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clivepackham replied Jul 15, 2014Good morning Mr V. Thanks nice to hear your views and yep agree with the details as described, I was only thinking about the HA candle colour change if TT +20 and probably just grab a handful b4 the major pullback comes. No worries just sharing ...
Trading is as simple as ABCD
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clivepackham replied Jul 15, 2014One positive for taking these early moves is that they are all have about 50% of their ATR left to go so it could definitely happen. I've just been bitten too often and for me now its about the high probability setups and trying to catch the earlier ...
Trading is as simple as ABCD
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clivepackham replied Jul 15, 2014Here's my thoughts at the mo, I'm interested in these early moves but concerned I might be too late to the ball, but then again they might just keep going??? Who knows???
Trading is as simple as ABCD
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clivepackham replied Jul 15, 2014Overnight there wasn't really any dominating currencies and so far this morning maybe a bit of AUD weakness but am I too late to the ball??? Quite often find whatever the late overnight/early morning move is reversed first thing LO so not going to ...
Trading is as simple as ABCD
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clivepackham replied Jul 14, 2014Yep good idea to try to program our minds on the good trades we missed , that way we might catch them next time. Do you fancy sharing your trades today???
Trading is as simple as ABCD
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clivepackham replied Jul 14, 2014One of the things that Martin tells me on a regular basis is that he developed his system by looking back at a days trading and identifying the perfect trades that he would of liked to of caught. Then he would try to identify the circumstances ...
Trading is as simple as ABCD
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clivepackham replied Jul 14, 2014nothing here to get excited about you having any better luck today Pres78??? Mind you I'm very pleased with myself today not taking any crap entries and getting out quickly when I did Better to wait for some AAA+ setups than mess around with this ...
Trading is as simple as ABCD
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clivepackham replied Jul 14, 2014Oooops just noticed ATR at its limit forget that pres78 clean but too late!!!
Trading is as simple as ABCD
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clivepackham replied Jul 14, 2014EUR and GBP battling for power wander what EURGBP looks like to give us the edge and who to go for?? No surprise there, going sideways!!
Trading is as simple as ABCD
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clivepackham replied Jul 14, 2014Great point will remember that also post news trades could be awesome opportunities with some great system trades.
Trading is as simple as ABCD
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clivepackham replied Jul 14, 2014Here's what I'm looking at right now.
Trading is as simple as ABCD
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clivepackham replied Jul 14, 2014Hi Mr V No that was a mistake still using 210 but I have set an alarm based on that 100lwma crossover alert so I know when the 100lwma changes colour as I reckon thats the way to catch that elusive wave 3 or first pullback for those larger RR's . I ...
Trading is as simple as ABCD
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clivepackham replied Jul 14, 2014One more quick thought from this mornings LO. Be ready to switch from one currency to another at any time, don't get attached to any idea that a currency is strong or weak just look at what the charts are telling you. Don't start "believing" one ...
Trading is as simple as ABCD
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clivepackham replied Jul 14, 2014Well thats it for me London open over as I'm not taking any new entries after 10.30 anymore gonna pop out to work for a couple of hours but get back in time for the New York open hopefully. Quick review of todays open for me. Interesting open with ...
Trading is as simple as ABCD
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clivepackham replied Jul 14, 2014Yep agreed I've even put red vertical lines on my charts at 10.30 for a "no more entries" warning. Looks like this GBP strength isn't following through either so nothing there to trade. Just got another 30 mins of my entry window left then thats it ...
Trading is as simple as ABCD
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clivepackham replied Jul 14, 2014Plenty of ATR left too so if they turn could be a run here.
Trading is as simple as ABCD
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clivepackham replied Jul 14, 2014Ok so EUR weakening a bit matbe just taking a rest b4 next drive but now GBP strength coming back and as its just after the LO maybe one of these is the runner for the morning??? Nice strong pullbacks, but are they too strong???
Trading is as simple as ABCD