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TF trading using CCI method-it works


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TF trading using CCI method-it works

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  #301 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
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supermht View Post
welcome back, WK.

do you trade NQ using tick chart? how many ticks?

on your ES chart, you mentioned to trade below CCI and MACD to avoid loss, what does it mean?

what is the rules for Entry? I have read all you charts.

1. 2 same color reversal bars, should I combine other rules?
2. Breakout BB + 2 same color reversal bars

As mentioned, I am not yet trading the NQ, but may soon. It's up you you to try different charts, first backtesting, then demo.
The CCI and MACD help in identifying direction trade should be taken. To go against them will get you in more losing trades. Avoiding those trades that are not in agreement with these indicators will avoid most losers.
My entries have been well defined. Once you look at enough charts, you will see which entry is best. Usually the BB entry is best, if available, then often the 2nd red or green candlestick bar, then either the count back method or the 1st red or green CCI bar, or the continuation trade where the CCI bar, which had been under 45 exceeds 45 again, which would be a new long entry. You never know which entry will be best on any trade until the setup is complete. These have been explained in more detail in charts and written before. I hope this helps. I need to get some sleep so as to trade in AM. Good trading.
WK

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  #302 (permalink)
 supermht 
Naperville IL
 
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thank you so much, WK, great entry method, I applied them to my strategy, it works. here is a trade I took

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  #303 (permalink)
 Eric j 
NY
 
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ESFXtrader View Post
I am just getting over 11 weeks of shingles which have been devastating and have just returned to trading futures.
WK


Sorry to hear this . Im sure that was terrible to deal with and its good to hear you're on the mend .

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  #304 (permalink)
 hector24 
austin, texas
 
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Hi Guys, is there anywhere I might be able to get an updated template like the chart above and the indicators for Ninja 7.

Thanks
Hector

 
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  #305 (permalink)
 rainbowchaser 
Fort Lauderdale, Florida. USA
 
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Hi ESFX, have clicked on the picture for your chart several times and it does not open. Any option?
Good day and happy trading.

 
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  #306 (permalink)
 Big Mike 
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Hi ESFX, have clicked on the picture for your chart several times and it does not open. Any option?
Good day and happy trading.

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  #307 (permalink)
ESFXtrader
West Coast of Florida
 
 
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Hi
I was reading through your setups and as pleased to see the setups. Do you use CCI that comes with the plateform or you use custom made one? If you have custom made can i get that please?
2>> Can I get templet also?
Thanks

#54 +
TF trading using CCI method-it works

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I use the ones that have proven to be the best over time, first backtesting for hours and hours, then demo till success, then live.
Your platform may not look the same mine, as my charts are TradeStation....best I have found. I will include another look from DT Pro at Danials Trading soon.
Hope this helps. It works for me. Good trading.

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  #308 (permalink)
 hector24 
austin, texas
 
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ESFXtrader,
If I may ask based on your chart that you posted, what determines your entry and set up.
Also may I ask what your stop is or is it based on a candle.
You also mentioned Danials Trading is that a trade room.

Thanks
Hector

 
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  #309 (permalink)
ESFXtrader
West Coast of Florida
 
 
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hector24 View Post
ESFXtrader,
If I may ask based on your chart that you posted, what determines your entry and set up.
Also may I ask what your stop is or is it based on a candle.
You also mentioned Daniels Trading is that a trade room.

Thanks
Hector

Hector, if you had followed this thread at all, you would have seen the setups and exits which I have detailed very clearly.
Daniels Trading is one of the brokers where I trade and I have shown a screen shot from it before. It offers a fair rate if you trade enough contracts and has some other advantages. I use the dt Pro. They also offer NinjaTrader and other platforms for trading. There, you are assigned a broker and mine is always available and very helpful. I'm not suggesting that I am recommending them, but I do like the service, platform, and fills. Much better than TradeStation, where I will continue to trade options and use TS charts for most of my trading.
Commodity Brokers, Futures Trading and Alternative Investments | Daniels Trading
Commodity Futures Trading Resources | Daniels Trading

WK

 
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  #310 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
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This is another screen shot from Daniels Trading. One can trade from the DOM or charts. They will extend the demo trial if asked.
You will see that with one click of the mouse that any trading group with chart is available and the DOM and chart is easily linked to the lists. It can be set up in many ways to suit ones desires. Hope this helps.
Good trading to all.
WK

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  #311 (permalink)
 nakachalet 
siam, west coast andaman sea
 
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ESFXtrader View Post
I realize that my chart is pretty busy for some traders, but I am very comfortable with it. On the attached chart, I have removed the 8EMA, Keltner channels, and MAs of the MACD to show just the indicators I have described. If you are not interested in the divergence entry and exits, remove the MACD, Stochastics. That will simplify it further. The 31EMA helps identify continuation trades and market direction.

Markets tend to move between Outer BBs and in a trend from Outer BB to Midline and continue....moreso in some markets than others. I use them as overbought/oversold and on an agressive move where I expect a reversal, which is confirmed by the CCI. I do not trade off them when the price follows the BB up or down.

just mighty curious, if you are already at least 25% richer now than last year when you first posted your discovery, pls?

regards

 
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  #312 (permalink)
SMDBIOS
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Although I cant for the life of me trade this method with a tick chart, I did incorperate the CCI used here into my price action 5 min chart and it meshes perfectly with giving entry signals almost exactly with my original method using only price. It's great for confirmation. Thanks eveyone for all the work with the CCI counter and OP for bringing CCI to my attention.

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  #313 (permalink)
 nakachalet 
siam, west coast andaman sea
 
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SMDBIOS View Post
Although I cant for the life of me trade this method with a tick chart, I did incorperate the CCI used here into my price action 5 min chart and it meshes perfectly with giving entry signals almost exactly with my original method using only price. It's great for confirmation. Thanks eveyone for all the work with the CCI counter and OP for bringing CCI to my attention.

that is great news.

particularly for today, tues nov 1, the setup could enrich you immensely even if one is only trading a couple of contracts at a time.

hope everyone is richer today than yesterday.... not that yesterday was not richly profitable either.... three cheers everyone

 
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  #314 (permalink)
 jdrower 
Alameda, CA
 
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I'm pleased with the method I use with CCI. It was formulated by someone else who has moved onto Fib trading.

1. I put a 34-CCI Histogram under the price action. Different colors for above and below the Zero Line. The histogram tells me the trend.
2. I put a 14-CCI line over the 34-CCI Histogram.
3. There are 3-entries.
a. If using a 15-minute or longer chart, then enter at the point the 34 (or 50) CCI Histogram crosses the Zero-Line.
b. Take the first hook after crossing the 34-CCI Histogram
c. Wait for the 14-CCI to hook into the opposite side of the histogram trend. i.e. If the trend is up, then one would wait for the 14-CCI to get to -150 or lower. Wait for the 14-CCI to come back higher than -100 before going long.

This is my 1st post to Big Mike's and since I'm a simple kind of guy, don't know how to create an URL of the example chart I saved for this post. BTW I trade 4X and something is always trending over there.
JD

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  #315 (permalink)
 jdrower 
Alameda, CA
 
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Traders

I received a PM regarding my earlier mention of the CCI method I use. Big Mike requires 5-posts in order to send a PM. This is my 2nd post so I'll respond on the Forum.

This is the PM (in part) I received:
"I am a little confused regarding the entrys. What I am gathering is that one would wait for the histogram to pass 0 in one direction or the other. Once this is done (for example sakes can we say histogram comes up from bottom and above 0 for longs. Also is there a particular amount of bars to confirm this.) So once this is done we now wait for the 14 line to go back down past -150 then hook back up past -100. JD there is one criteria that you had 34 cci (50) may I ask what this means. What type of stops and exits does your method have, if I may ask. "

There are 3-entries. The post above is combining the 1st and 3rd entries (I think that's what it's doing). The 1st entry is when the 34-CCI (or 50-CCI) Histogram crosses the Zero-Line. I use Limit Orders that don't always get filled but there are always other trades down the road. Woodie and his followers like to wait until there are a certain number of bars after crossing the Zero-Line before taking a trade but that's with the 14-CCI and since I'm using the 34-CCI, I don't feel the need to wait.

The 3rd entry is after the 34-CCI is solidly trending on one side of the Zero-Line. I wait for the 14-CCI to go below the -150 (if looking for a long position) and then hook back above the -100 (e.g. -92.89) and then go long. My stops are generally 30-40 pips subject to recent tops and bottoms. My profit target is generally 40-50 pips (with a daily goal of a net 100 or net 500 for the week) unless the most obvious trend-line has not been broken, in which case I let the position run its course until the Trendline Break. I might go from a 15-minute chart to a 30-minute chart and develop a trendline on the 30-minute to see if that will allow me to stay in the position longer.

I also use a 5-21 (no moving average) MACD histogram for confirmation of the crossing of the Zero-Line. If the Zero Line is crossed by both the 34-CCI and 5-21 MACD, I feel fairly confident. NB: Trading with real money should be preced with beaucoup hours of screen time. The point being that one cannot blindly take every trade that is a Zero Line Cross. Sometimes the market is in a holding pattern and until it gets out of its Horse Latitudes, it's best to wait until the 3rd entry presents itself or look at another market.

Hope this provides greater clarity.
JD

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  #316 (permalink)
 cory 
the coin hunter
virginia
 
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jdrower View Post
...
This is my 1st post to Big Mike's and since I'm a simple kind of guy, don't know how to create an URL of the example chart I saved for this post. BTW I trade 4X and something is always trending over there.
JD

you don't need url, you can use prtscr key then save it in paint as gif or use jing project to capture the chart image or right click on your chart to see if it allow you to save chart image. Then use manage attachment button to attach it to your post.

 
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  #317 (permalink)
ESFXtrader
West Coast of Florida
 
 
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I am amazed how far my thread has come. Yes, the system still works, but I have made some small changes to it. I will post the setups for yesterday afternoon and evening and see if you can see how well it is doing. I am using the RSI 7,50, 50 to confirm my trades and it works very well. The RSI must be <50 for shorts and >50 for longs. I have also added another CCI of 21, -200, 200 for the purpose of catching Vs or inverted Vs where the CCI extends beyond -200 or 200. In these cases, I still use my overall method to enter the trade. It is very accurate. Avoid chop time. Pay attention to the price action on a longer time frame to get a perspective of where it has been. Become a trader and perfect your trading. Try different Tick charts and time frames to find what works best for you on whatever you trade.The charts are marked and show the entries for ES using 610 Tick charts, which is my favorite on ES. Beside that chart, I also use a chart of Range Bar 1, 4 tick and more often than not, most winning trades agree on the entry, within a tick or two, using the same indicators.
Hope this helps. I considered placing this in the Elite area, but I understand what it is like to struggle in trading.
Big Mike offers the best platform for traders to learn and discuss openly all trading.
Good trading to all.
WK

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  #318 (permalink)
ESFXtrader
West Coast of Florida
 
 
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There is one thing I would ask and that is that if this thread has helped you become a successful trader and you are yet to join the Elite group, DON'T YOU NOW THINK IT IS TIME TO JOIN?
Mike is doing a great job here offering the best platform for every trader to learn and it cost time and money. What he does here takes away from his trading and is so beneficial to all those here.
Thanks for your consideration and may God Bless you and your trading.
WK

 
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  #319 (permalink)
 jdrower 
Alameda, CA
 
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Traders
I received a PM and since I have been negligent and need to get my post count up, I'm responding in the forum.

My win average is 83% but . . . since trading is always unique to each individual, we pick what nuances "speak" to us. Those same nuances may not speak to anyone else (certainly not to Woodie). For example, if the 14-CCI is over 150 and hooks back into the 34-CCI histogram and the histogram is over 100 (for long exits) and still rising, I stay in the trade until the 34-CCI histogram hooks down. That will almost always get me another 15-25 pips. It's more complex than the simple description I've given it. I just know what jumps out at me and haven't really taken the time to write it down. There are things in life like that.

Therefore my method or anyone else's isn't easily qualifiable. Although using trendlines is common in CCI, I also use a 5-13 MACD and a 50-ROC along with my 14-34-CCI indicator. CCI doesn't always give a clear indication for entry or exit so I use the other indicators for earlier entry, confirmation etc.

NB, the 83% is misleading because a win can mean 5-pips or 105. However I will often take a small win prematurely because my psyche likes a high percentage of wins. For some reason that is more satisfying than making more money than having say a 33% win rate. Feeding the trading soul the food it needs is how I stay successful.

I don't care for any indicators on the price action except for MAs. Often I use Zero-Line crosses and that doesn't work well for me if it's on the price action.

Again, it's a personal preference, but I prefer most of my indicators in histogram form.

Many times I'll see diversion after the pair has had a good long run so I'm suspicious. I'm not always best off by staying away but most often I am. It's something that can't be taught, it's something that develops with 1000s of hours of screentime.

Do you have trading groups in Greensboro? I can send you charts if you like. JD

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  #320 (permalink)
 Upupandaway 
Dallas/Tx
 
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Hi their. I was wondering if you are trading real money, or this is paper trading? I didn't read the whole thread so if you dealt with that already, sorry for asking again. Thanks

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  #321 (permalink)
 jdrower 
Alameda, CA
 
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Posts: 45 since Oct 2011
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As real as money gets.
JD

 
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  #322 (permalink)
 roztom 
Chicago, IL. USA
 
Experience: Advanced
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I know there is a thread elsewhere on this topic but since this thread is specifically CCI related, I was wondering if anyone here has incorporated anything outside of B/B or Keltner that is sensitive enough for Short timeframes.. to filter CCI and if so how they are implementing it?

Thanks,

Tom

Regards,

Tom

Nothing To It But To Do It
 
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  #323 (permalink)
 masood 
san antonio texas
 
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jdrower View Post
As real as money gets.
JD

Are you still trading with your CCI method. Can you please post few trade enteries here. Thanks

 
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  #324 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
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I finally had a chance to join in the fun.
Yes, I have been trading a cash account for more than 10 years and the only reason I would trade a demo account is after changing brokers and I would need to perfect my trading on the new platform. I now trade on Danials Trading using the DT Pro and use both their charts and TS charts, where I trade options. I also have 3 cash accounts where I trade FX.
My CCI + Trading System still works and offers plenty of opportunities to enter trades for winner after winner. I will show some charts and see if you can pick out the winners. I use the extreme price action BB for entries and exits and reversals. But, they do not always present themselves and then the CCI comes into action. I have mentioned that I have added the RSI 7, 50, 50 to my chart and only take a CCI trade if confirmed by either the RSI or the MACD.
I will post 4 charts: 2-Renko charts and 2-6min charts (I never trade the 6 min, these are a reference to compare with the Renko) I will post more later. I did not take but a few of these trade, as that is all the time I was in the market to trade. Live trading and back testing works the same because one must wait until the bar has closed to take the trade setup. The main difference is missing a trade because one uses a limit order or slippage or one's caution using real money. Most trades are successful. I use 3 charts on ES: this Renko, Range Bar, & Tick charts. I will include the Range Bar unmarked so you can check it out. If you understand my system and use all three before taking a trade, you will seldom get a loser. I hope this helps.
Good Trading!
WK
P. S. Note the 6 min charts show the vertical lines from the Renko charts, as I copied them.

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  #325 (permalink)
MoneyHor
Las Vegas
 
 
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jdrower View Post

1. I put a 34-CCI Histogram under the price action. Different colors for above and below the Zero Line. The histogram tells me the trend.

The CCI determines momentum so if you're using it for trend then you must be in and out of trades pretty quick.

 
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  #326 (permalink)
ronbary
Israel
 
 
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Hi ESFX and All ,

you wrote :

"Remember that outer BB usually offers the best entry, but when it rides the outer BB, there is no entry until a retracement and continue back to it. Many of the best trades will never make it to the outer BB and reverse the trend"

Can you explian this Idea with chart example ?

Let's see if i get you right :

For example
on up trend move , price ride the Outer Upper BBs you look for LONG but you don't enter for long until you have
a retracement with long CCI signal like closing bar above 45 , then you take the LONG trade until price will make new high at the upper BBs ? correct

But sometimes after you take this long trade after retracement the price can't make it to the upper BBs and you get reversal to the downside , and price will reverse the trend ? this will be trend reversal ( using maybe divergence )
do i get the Idea right ? correct


thanks

Ron

 
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  #327 (permalink)
 daytrader4 
Birmingham England
 
Experience: Intermediate
Platform: Tradestation
Trading: ES
 
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hI could someone please post escfx's cci indicator with counter for ninja 7 please I can't find it anywhere

thanks

 
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  #328 (permalink)
 toulouse-lautrec 
Europe
 
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hello esfxtrader,
just wanted to say thanks for all the information you supplied in the thread.
I was able to pick up quite a few useful things, and it was time well spent going through all the posts, even though some of the postings are not easy to digest first time.

Thanks again and wishing you all always good trades

 
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  #329 (permalink)
 ollie 
St. Petersburg, Fl
 
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daytrader4 View Post
hI could someone please post escfx's cci indicator with counter for ninja 7 please I can't find it anywhere

thanks


https://futures.io/attachments/52432d1318966953

I think this is what you are looking for.

Keep things as simple as possible, but no simplier. Albert Einstein

If you can't explain it to an eight year old it's to complicated
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  #330 (permalink)
 daytrader4 
Birmingham England
 
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thanks ollie

 
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  #331 (permalink)
 longboat 
Philadelphia, Pa
 
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What is the equivalent in Ninja Trader of the 0.5 Renko chart and Range Bar 1 in Tradestation? 5 renko and 10 range?


 
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  #332 (permalink)
 Pahadi 
Toronto, Canada
 
Experience: Intermediate
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Posts: 4 since Feb 2012
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To ESFXTrader and all those who have contributed so generously with their time and knowledge I would like to say thank you!

I have added the CCI to my trading style and it has helped me a lot. I hope to be able to contribute to the forum in the near future.

Cheers!

Al

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  #333 (permalink)
 nakachalet 
siam, west coast andaman sea
 
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Pahadi View Post
To ESFXTrader and all those who have contributed so generously with their time and knowledge I would like to say thank you!

I have added the CCI to my trading style and it has helped me a lot. I hope to be able to contribute to the forum in the near future.

Cheers!

Al

you have earned a top spot at the head of the lineup!

happy and profitable trading. cheers.

 
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  #334 (permalink)
 Pahadi 
Toronto, Canada
 
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You are right about that nakachalet. Sometimes little things go a long way.
Thanks for your wishes.
Cheers!
Pahadi


nakachalet View Post
you have earned a top spot at the head of the lineup!

happy and profitable trading. cheers.


 
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  #335 (permalink)
heclara
Houlton, Maine USA
 
 
Posts: 42 since Oct 2011
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I have also added the cci indicator with your settings to my charts . I also use the williams per cent R ind. and had some very nice paper trades while getting use to it. I only trade the euro dollar and it seems to be working just fine on the tick charts.

 
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  #336 (permalink)
Retrobeast
Boise ID/USA
 
 
Posts: 6 since May 2011
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It may be in this thread somewhere but at 34 pages long I cannot find it.
Thank you

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  #337 (permalink)
 pbenson68 
San Diego CA
 
Experience: Beginner
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Retrobeast did you find a TOS setup?

I am studying this system currently instead of using woodies CCI, but have not made it through entire thread. TOS does not have the 377 tick so I use a .50 range with a 400 tick chart, I had 2 live winning TF trades and one loser this morning. Probably could have had 3 winners but I am still a little shy on pulling the trigger without the full experience with the system. I just saw the RSI additions in one of his posts so I am not caught up.

I am looking at the code for the 5 bar cc alert for TOS but it will be a few days, maybe this weekend.

I like to throw out a thanks to ESFXTrader for providing this thread. I have lost tons of sleep, sanity, and $ looking for an effective system.

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  #338 (permalink)
 mkaminski 
Colorado, US
 
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ThatManFromTexas View Post
... I usually pen my address to my shirt in case I wander off.

You crack me up!

 
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  #339 (permalink)
 mkaminski 
Colorado, US
 
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Is there a CCI bar counter like the one Mike created for NT for TS that someone could post?

 
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  #340 (permalink)
Retrobeast
Boise ID/USA
 
 
Posts: 6 since May 2011
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pbenson I wa going to sent you a private email but this site says I have to post 5 items.
if you get a chance email be at
retrobeat at inbox com
dang I just moved from san diego to houston. was looking for some one to bounce trading ideas off of.
retrobeat


pbenson68 View Post
Retrobeast did you find a TOS setup?

I am studying this system currently instead of using woodies CCI, but have not made it through entire thread. TOS does not have the 377 tick so I use a .50 range with a 400 tick chart, I had 2 live winning TF trades and one loser this morning. Probably could have had 3 winners but I am still a little shy on pulling the trigger without the full experience with the system. I just saw the RSI additions in one of his posts so I am not caught up.

I am looking at the code for the 5 bar cc alert for TOS but it will be a few days, maybe this weekend.

I like to throw out a thanks to ESFXTrader for providing this thread. I have lost tons of sleep, sanity, and $ looking for an effective system.


 
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  #341 (permalink)
 pbenson68 
San Diego CA
 
Experience: Beginner
Platform: TOS
Trading: StocKs
 
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Retrobeast View Post
pbenson I wa going to sent you a private email but this site says I have to post 5 items.
if you get a chance email be at
retrobeat at inbox com
dang I just moved from san diego to houston. was looking for some one to bounce trading ideas off of.
retrobeat

is it retrobeat or retrobeast at inbox com?

 
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  #342 (permalink)
Retrobeast
Boise ID/USA
 
 
Posts: 6 since May 2011
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retrobeast is it.


pbenson68 View Post
is it retrobeat or retrobeast at inbox com?


 
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  #343 (permalink)
 pbenson68 
San Diego CA
 
Experience: Beginner
Platform: TOS
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Retrobeast View Post
retrobeast is it.

Ok, there is code in the elite section but I don't know if it has what I am looking for since the search is off. for no elites. I am going to join the borg anyway to check out what they have. I have incomplete charts that I can send you but they are based on ESFXTrader's charts. Is that what you wanted?

I am setting up sound alerts for a few things but it's not for autotrading just to flag me to look at the chart and see if there is an opportunity. I won't send those because it will get you into trouble if you think that's it a go just because you have the alert.

What the hell is in your picture, a beet? Or is that your work attire?

 
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  #344 (permalink)
 leprechaun 
Quebec
 
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ESFXTrader/WK

would it be possible to post some more recent charts for the TF when you have a moment together with any thoughts for the day you post ?

many thanks in advance if so !

L

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  #345 (permalink)
 ollie 
St. Petersburg, Fl
 
Experience: Intermediate
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I don't think he uses this method anymore. He started another thread last week saying it was an improved way. The thread is called "Day trading currency futures with multiple time frames."

Keep things as simple as possible, but no simplier. Albert Einstein

If you can't explain it to an eight year old it's to complicated
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  #346 (permalink)
 Azrael 
Jurong Singapore
 
Experience: Beginner
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Broker: Optimus Futures/Rithmic
Trading: TF
 
Posts: 72 since Jul 2012
Thanks: 39 given, 8 received

Hi guys,

New to this method here. Been trading TF, saw this thread and thought I'll take a look.

One thing confuses me is the Stochastic Slow 6,5,3 and 8,3,3 for Tradestation. I am using Ninjatrader here, what would be the equivalent setting?

EDIT: Found the TSStochastic.cs file in the thread. =)

 
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  #347 (permalink)
Retrobeast
Boise ID/USA
 
 
Posts: 6 since May 2011
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My pic is a eggplant. Could not resist.
Delay due to lack of checking Big Mikes site. Also been busy getting friends company moved.
Definitely contact me at
retrobeast at inbox dot com
I have some decent TOS charts setup that work pretty good, one is an alert on a MA crossover along with other setups that trigger trend changes. Mostly ES but they work on most futures.
Retro



pbenson68 View Post
Ok, there is code in the elite section but I don't know if it has what I am looking for since the search is off. for no elites. I am going to join the borg anyway to check out what they have. I have incomplete charts that I can send you but they are based on ESFXTrader's charts. Is that what you wanted?

I am setting up sound alerts for a few things but it's not for autotrading just to flag me to look at the chart and see if there is an opportunity. I won't send those because it will get you into trouble if you think that's it a go just because you have the alert.

What the hell is in your picture, a beet? Or is that your work attire?


 
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  #348 (permalink)
 pbenson68 
San Diego CA
 
Experience: Beginner
Platform: TOS
Trading: StocKs
 
Posts: 26 since May 2012
Thanks: 14 given, 5 received


Retrobeast View Post
My pic is a eggplant. Could not resist.
Delay due to lack of checking Big Mikes site. Also been busy getting friends company moved.
Definitely contact me at
retrobeast at inbox dot com
I have some decent TOS charts setup that work pretty good, one is an alert on a MA crossover along with other setups that trigger trend changes. Mostly ES but they work on most futures.
Retro

Ok i am working with renko charts on tos, i will be on vacation the rest of this week and i will catch up with you next week. Ill show you what i have going.

 
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  #349 (permalink)
 Azrael 
Jurong Singapore
 
Experience: Beginner
Platform: NinjaTrader
Broker: Optimus Futures/Rithmic
Trading: TF
 
Posts: 72 since Jul 2012
Thanks: 39 given, 8 received

Hi guys,

Have anyone tried the Jurik's JMA indicator over the EMA indicators?

JMA seemed to show temporal trend changes much more accurately, while EMA tends to show the general trend for the day, though lagging behind the JMA most of the time.

 
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  #350 (permalink)
 sptrader 
Colorado
 
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Azrael View Post
Hi guys,

Have anyone tried the Jurik's JMA indicator over the EMA indicators?

JMA seemed to show temporal trend changes much more accurately, while EMA tends to show the general trend for the day, though lagging behind the JMA most of the time.

******************************************************************************************
I've talked to Mr. Jurik and he always recommends that JMA is "best" used as a "price proxy" i.e. a price replacement and NOT as a moving average.. You might try replacing the price input for your ema with Jma(c,2) or jma(c,3) etc, until you get the desired result.
** The Jma also works great in your favorite oscillator to help remove noise.

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  #351 (permalink)
 Azrael 
Jurong Singapore
 
Experience: Beginner
Platform: NinjaTrader
Broker: Optimus Futures/Rithmic
Trading: TF
 
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sptrader View Post
******************************************************************************************
I've talked to Mr. Jurik and he always recommends that JMA is "best" used as a "price proxy" i.e. a price replacement and NOT as a moving average.. You might try replacing the price input for your ema with Jma(c,2) or jma(c,3) etc, until you get the desired result.
** The Jma also works great in your favorite oscillator to help remove noise.

Does it mean that we substitute JMA for EMA in the CCI indicator? (Did I get you right?)

 
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  #352 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
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Posts: 49,980 since Jun 2009
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Azrael View Post
Does it mean that we substitute JMA for EMA in the CCI indicator? (Did I get you right?)

Price proxy means you substitute JMA for price.

So instead of CCI using price, CCI would use JMA as the price proxy.

CCI(JMA(C, MAPeriod, Phase), CCIPeriod)[0]

vs

CCI(C, CCIPeriod)[0]

As a rough example

Mike

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  #353 (permalink)
 Azrael 
Jurong Singapore
 
Experience: Beginner
Platform: NinjaTrader
Broker: Optimus Futures/Rithmic
Trading: TF
 
Posts: 72 since Jul 2012
Thanks: 39 given, 8 received

Another question guys,

Ninjatrader has an option of how many days of historical data to load back, is there a suggested number of days?

I'm using 15 as of present.

EDIT: Just wanting to know whether it would affect the EMA and like.

 
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  #354 (permalink)
 MWinfrey 
Lubbock TX
 
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Azrael View Post
Another question guys,

Ninjatrader has an option of how many days of historical data to load back, is there a suggested number of days?

I'm using 15 as of present.

EDIT: Just wanting to know whether it would affect the EMA and like.

just make sure you have at least the same number of bars of the biggest period used by your moving averages. So if you use a 34 period EMA, make sure you have at least 34 bars.

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  #355 (permalink)
Retrobeast
Boise ID/USA
 
 
Posts: 6 since May 2011
Thanks: 0 given, 1 received

I am finally getting a little more time to get back into trading futures. Just using demo platform at the moment but I am doing well when I follow my rules.
Not sure if you ever were able to send an email to me at retrobeast at inbox dot com.
Definitely would like to see what you have on renko charts. The one I have set up does very well especially when I use it with some other charts in TOS.

There is a chance I am heading back to san diego in Sept but have not decided yet.

Retrobeast





pbenson68 View Post
Ok i am working with renko charts on tos, i will be on vacation the rest of this week and i will catch up with you next week. Ill show you what i have going.


 
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  #356 (permalink)
 Azrael 
Jurong Singapore
 
Experience: Beginner
Platform: NinjaTrader
Broker: Optimus Futures/Rithmic
Trading: TF
 
Posts: 72 since Jul 2012
Thanks: 39 given, 8 received

Out of curiosity, have anyone tried WoodiesCCI instead of the usual CCI?

Been wanting to compare the differences but no idea how to really use woodies.

 
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  #357 (permalink)
 nakachalet 
siam, west coast andaman sea
 
Experience: Master
Platform: ninja
Trading: gc, cl, tf, 6e
 
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Posts: 512 since Aug 2011


Azrael View Post
Out of curiosity, have anyone tried WoodiesCCI instead of the usual CCI?

Been wanting to compare the differences but no idea how to really use woodies.

between wcci and regular cci, wcci got more bells and whistles built in. it would render a more accurate reflection of the price movement than cci itself.

however, the so-called proprietor of the wcci who sweared up and down the streets and in the ears of those in his chatroom.... to damned the price charts--who needed the price charts to trade, and that; you only needed wcci which would do everything for you to be profitable; is now changing his mind--fully embracing price charts.

currently, the old man is hugging and hogging the price charts that he once so ardently denounced. as of last, the price charts occupied more than half of each of his trading screens.... imagined that.

just a year or so ago, he got himself into some boiling water claiming ownership to something he did not create and was duly exposed by one of our elite members named frank_ if you wish more detail you can google or email to traders dot us at gmail dot com where drastically modified wcci remnant was evident.

as you are already cognizant, to use cci or wcci to trade without other confirming elements, would be very risky at best.

whatever you do, just do not pay the new membership fee of 99 usd/mo, nor the charts subscription fee of 199 usd/mo. practically everything that he uses in his current chatroom is absolutely free here at bmt.

worst of all, many in his chatroom who depended on the trading room broker--neil (?), have also been sadly affected by pfg frauds which is currently an ongoing litigation. you got to google again, if interested, OK?

ma ju ra.... sing ga pu ra....

 
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  #358 (permalink)
 Azrael 
Jurong Singapore
 
Experience: Beginner
Platform: NinjaTrader
Broker: Optimus Futures/Rithmic
Trading: TF
 
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Thanks: 39 given, 8 received


nakachalet View Post
between wcci and regular cci, wcci got more bells and whistles built in. it would render a more accurate reflection of the price movement than cci itself.

however, the so-called proprietor of the wcci who sweared up and down the streets and in the ears of those in his chatroom.... to damned the price charts--who needed the price charts to trade, and that; you only needed wcci which would do everything for you to be profitable; is now changing his mind--fully embracing price charts.

currently, the old man is hugging and hogging the price charts that he once so ardently denounced. as of last, the price charts occupied more than half of each of his trading screens.... imagined that.

just a year or so ago, he got himself into some boiling water claiming ownership to something he did not create and was duly exposed by one of our elite members named frank_ if you wish more detail you can google or email to traders dot us at gmail dot com where drastically modified wcci remnant was evident.

as you are already cognizant, to use cci or wcci to trade without other confirming elements, would be very risky at best.

whatever you do, just do not pay the new membership fee of 99 usd/mo, nor the charts subscription fee of 199 usd/mo. practically everything that he uses in his current chatroom is absolutely free here at bmt.

worst of all, many in his chatroom who depended on the trading room broker--neil (?), have also been sadly affected by pfg frauds which is currently an ongoing litigation. you got to google again, if interested, OK?

ma ju ra.... sing ga pu ra....

Oh but what I meant was the free one offered by the ninjatrader itself.

Would it be more useful for our CCI setup?

EDIT:
Also, if I use JMA as a price proxy, what settings should I use to smooth the CCI?

 
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  #359 (permalink)
 trendfriendpa 
philadelphia USA
 
Experience: Intermediate
Platform: TOS, Webull, Tradovate
Broker: TD Ameritrade
Trading: options, ES/NQ futures, stocks
 
Posts: 77 since May 2011
Thanks: 54 given, 53 received

I find the CCI thread to be very informative. Though I am not a TS or NT user, rather a TOS user, I use the CCI in conjunction with the Vervoort Crossover,with visual alerts, as well as the Hurst Channel. The chart is cleaner without the Hurst channel.

You can see from the sshot they match up perfectly (the green arrows and the red arrows with the CCI crossover zero.

I trade the TF (emini Rusell) using the 133 tick.

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  #360 (permalink)
 Saroj 
Arcata, CA
 
Experience: Intermediate
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Azrael View Post
Hi guys,

New to this method here. Been trading TF, saw this thread and thought I'll take a look.

One thing confuses me is the Stochastic Slow 6,5,3 and 8,3,3 for Tradestation. I am using Ninjatrader here, what would be the equivalent setting?

EDIT: Found the TSStochastic.cs file in the thread. =)

Where did you find it? I've searched every which way I can think of attachments, in Downloads, in regular post search) and don't find it.

Thanks,
Saroj

 
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  #361 (permalink)
 hunter548 
western ny
 
Experience: Intermediate
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Saroj View Post
Where did you find it? I've searched every which way I can think of attachments, in Downloads, in regular post search) and don't find it.

Thanks,
Saroj

Found 4 ocurrences seaching this thread and another here:


 
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  #362 (permalink)
 Saroj 
Arcata, CA
 
Experience: Intermediate
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hunter548 View Post
Found 4 ocurrences seaching this thread and another here:


Thanks... I'll try again... I'm obviously "Search" hampered.

More helpful would be to hear from you how you searched... I just tried the "Search this thread" and only came up with my previous search and one other asking about it (#346 by Azrael).

 
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  #363 (permalink)
 cory 
the coin hunter
virginia
 
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Saroj View Post
Thanks... I'll try again... I'm obviously "Search" hampered.

More helpful would be to hear from you how you searched... I just tried the "Search this thread" and only came up with my previous search and one other asking about it (#346 by Azrael).

click on search box on top, look for a popup with 3 searches, select 'search for attachment instead'

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  #364 (permalink)
 Paul L 
New York City
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Mirus Futures/ Zenfire
Trading: ES
 
Posts: 68 since Aug 2009
Thanks: 48 given, 18 received

Anyone having any luck with this system?

 
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  #365 (permalink)
 Azrael 
Jurong Singapore
 
Experience: Beginner
Platform: NinjaTrader
Broker: Optimus Futures/Rithmic
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Paul L View Post
Anyone having any luck with this system?

From the simulation trades is working great for me, just that there are quite a few swings that made me exit too early during trading (trading with real money of course) >_<

 
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  #366 (permalink)
 nakachalet 
siam, west coast andaman sea
 
Experience: Master
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Paul L View Post
Anyone having any luck with this system?

which one(s) did you refer to, pls?

 
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  #367 (permalink)
 Azrael 
Jurong Singapore
 
Experience: Beginner
Platform: NinjaTrader
Broker: Optimus Futures/Rithmic
Trading: TF
 
Posts: 72 since Jul 2012
Thanks: 39 given, 8 received


nakachalet View Post
which one(s) did you refer to, pls?

The first post, regarding TF with the super messy chart =)

But I have to say it is not plainly brainless, you need some knowledge of TA before you use it.

Most importantly, do understand what each indicator means and is there for, else you'll be burnt pretty badly. (I learnt it the hard way)

 
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  #368 (permalink)
 pbenson68 
San Diego CA
 
Experience: Beginner
Platform: TOS
Trading: StocKs
 
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Paul L View Post
Anyone having any luck with this system?

Not really I moved onto something else.

 
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  #369 (permalink)
 nakachalet 
siam, west coast andaman sea
 
Experience: Master
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pbenson68 View Post
. Not really I moved onto something else

Not really I moved onto something else
@ pbenson68

just like to know,

how exactly did you apply cci to your trading that lenders you to say--Not really I moved onto something else?

if i were to recall correctly there have been several traders here who applied cci with different degrees of success.

but most users would agree that cci should not be used singularly by itself. traders need to use cci with other conjunctive confirming indi to achieve profit.

sorry to hear that you were not successful, at this point in time, in applying the cci.

perhaps, you also could ask the author of this thread, just how the cci could be utilized favorably, K?

happy trading.

 
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  #370 (permalink)
 Paul L 
New York City
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Mirus Futures/ Zenfire
Trading: ES
 
Posts: 68 since Aug 2009
Thanks: 48 given, 18 received


nakachalet View Post
which one(s) did you refer to, pls?

Yeah, Im referring to the original method posted. Do you have a CCI method that works for you that you would care to share? Thanks

Paul

 
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  #371 (permalink)
 nakachalet 
siam, west coast andaman sea
 
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Paul L View Post
Yeah, Im referring to the original method posted. Do you have a CCI method that works for you that you would care to share? Thanks

Paul

yes, i have my own favorite cci setups but pls do ask the author of this thread first to comment and/or respond first, K?

 
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  #372 (permalink)
 pbenson68 
San Diego CA
 
Experience: Beginner
Platform: TOS
Trading: StocKs
 
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nakachalet View Post
Not really I moved onto something else
@ pbenson68

just like to know,

how exactly did you apply cci to your trading that lenders you to say--Not really I moved onto something else?

if i were to recall correctly there have been several traders here who applied cci with different degrees of success.

but most users would agree that cci should not be used singularly by itself. traders need to use cci with other conjunctive confirming indi to achieve profit.

sorry to hear that you were not successful, at this point in time, in applying the cci.

perhaps, you also could ask the author of this thread, just how the cci could be utilized favorably, K?

happy trading.

Hi, sorry for the short answer, I figured someone would ask. I think I replied on from my tablet which sucks for typing.

You actually made think back on all the indicators I have tried over the last 7 years. This one like the others (MACD, Momentum, PVT, Woodies CCI) work good sometimes. I thought it was what I was looking for because I had some success trading with it (his method) statistically in Paper trading (TOS on Demand).

I am not sure how he uses some of the other indicators on the chart. If you read his latest he changed his system from the original.

My problem is that the CCI breaking the 45 can give you some false starts/losses. It does not keep you out of churn. Also the 5 rule works good sometimes but other times it produces losses enough that the gains that you make are eliminated. He shows a good system and probably has way more experience than me in real trading. I would like to see him post a video of his system in use real time.

So I went on to look at Perry's system (See it in the Elite section) and tried it. I like it but I thought it leaves a lot on the table. I frankly I gave up after that. I gave pieces of my flesh trying different indicators/systems.

Then I saw some snippets on ADX in the elite section which gave me some ideas that I am trying. I like what I see I and I hope to go live with it in the next month, but we will see....

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  #373 (permalink)
patrick oh
london+london/england
 
 
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i have this setup some ware on my charts i would like to speack to you on the phone if you dont mind my name is patrick this is my email pat617@live.co.uk
if you can drop me a email i will be able to get back to thannks

 
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  #374 (permalink)
 pbenson68 
San Diego CA
 
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Paul L View Post
Yeah, Im referring to the original method posted. Do you have a CCI method that works for you that you would care to share? Thanks

Paul

Thanks for bringing this up. I looked at TF using CCI I think at .4 and .5 in TOS I can't remember (could have been 1.0 also) , but I am revisiting TF at .2 range with this CCI method, but not the rest of the studies that he was showing. Take a look for yourself...

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  #375 (permalink)
 Azrael 
Jurong Singapore
 
Experience: Beginner
Platform: NinjaTrader
Broker: Optimus Futures/Rithmic
Trading: TF
 
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pbenson68 View Post
Thanks for bringing this up. I looked at TF using CCI I think at .4 and .5 in TOS I can't remember (could have been 1.0 also) , but I am revisiting TF at .2 range with this CCI method, but not the rest of the studies that he was showing. Take a look for yourself...

Hi sorry to butt in, but out of curiosity, what do you mean by .2 or .X?

 
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  #376 (permalink)
 pbenson68 
San Diego CA
 
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Azrael View Post
Hi sorry to butt in, but out of curiosity, what do you mean by .2 or .X?

In TOS you can set you aggregation by $ .4, .5, .2 etc....


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  #377 (permalink)
 Azrael 
Jurong Singapore
 
Experience: Beginner
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Broker: Optimus Futures/Rithmic
Trading: TF
 
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pbenson68 View Post
In TOS you can set you aggregation by $ .4, .5, .2 etc....


So meaning you follow the intraday price movements in cents?

And here I thought the minimum price movement is like 10 bucks (at least that's what it shows me on ninjatrader). o_O

 
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  #378 (permalink)
 trendfriendpa 
philadelphia USA
 
Experience: Intermediate
Platform: TOS, Webull, Tradovate
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Trading: options, ES/NQ futures, stocks
 
Posts: 77 since May 2011
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You can also go to the bottom of the pop-out and there is a CUSTOM choice - there you can put .80 or .85 or whatever you want.

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  #379 (permalink)
 pbenson68 
San Diego CA
 
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Azrael View Post
So meaning you follow the intraday price movements in cents?

And here I thought the minimum price movement is like 10 bucks (at least that's what it shows me on ninjatrader). o_O

In Ninja I believe the range setting 1 is .1, 15 is 1.5, etc.. I can't remember the terminology used. It was a trial.

 
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  #380 (permalink)
 Azrael 
Jurong Singapore
 
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pbenson68 View Post
In Ninja I believe the range setting 1 is .1, 15 is 1.5, etc.. I can't remember the terminology used. It was a trial.

Yup, they are called ticks I think.

 
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  #381 (permalink)
 fourtiwinks 
Singapore
 
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Azrael View Post
So meaning you follow the intraday price movements in cents?

And here I thought the minimum price movement is like 10 bucks (at least that's what it shows me on ninjatrader). o_O

@Azrael,

Hi Azrael, don't be misled by the '$' in TOS Range, the decimal point depends on the ticks available for the respective instrument. In the example shown by phenson68, the TF chart is a 2-range chart ($0.20=2 ticks), not a 20c chart. If the TOS chart had been 6E or EURUSD, a 2-pip chart would require a setting of $0.0002.

Hope this helps..

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  #382 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
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This post, which is duplicated on my other active threads, shows the settings on my Indicators. This should answer many questions.

WK

 
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  #383 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
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As you can see, I had to repost this because I failed to add the attachment.
This post, which is duplicated on my other active threads, shows the settings on my Indicators. This should answer many questions.

WK

PS Hope this helps

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  #384 (permalink)
 Azrael 
Jurong Singapore
 
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Broker: Optimus Futures/Rithmic
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ESFXtrader View Post
As you can see, I had to repost this because I failed to add the attachment.
This post, which is duplicated on my other active threads, shows the settings on my Indicators. This should answer many questions.

WK

PS Hope this helps

Thanks for sharing.

So this is the configuration used in the first post as well (TF trading with 377 tick chart)?

 
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  #385 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
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#9
Trade Station was my main platform at the time of the original Trend beginning.
I still use Trade Station for option trading, but my futures' account is with Danials Trading.
All of my recent posts show DT Pro w/Danials Trading.
The chart in this post is the one of that above-#9, which shows Trade Station at the top of the chart.
WK
PS I have upgraded to 9.1 since that early post.

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  #386 (permalink)
 Azrael 
Jurong Singapore
 
Experience: Beginner
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ESFXtrader View Post

#9
Trade Station was my main platform at the time of the original Trend beginning.
I still use Trade Station for option trading, but my futures' account is with Danials Trading.
All of my recent posts show DT Pro w/Danials Trading.
The chart in this post is the one of that above-#9, which shows Trade Station at the top of the chart.
WK

So I'll stick with the one you described earlier?

Is it better to remove the MA of the MACD? I am comparing your new MACD config with the old one, the new one seems to be more sensitive and accurate to the current trend for TF.

Not too sure about the difference between CCI period 12 and 14 though, have not compared to see if it generates more noise.

I saw the 8 EMA, what is it for?

 
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  #387 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,284 received

You do know that the MACD histogram is the difference between the MAs. Note that what I used before w/TS was the default settings. Try cutting the setting #s in half and see if it matches up w/my new settings. That is the same as a chart using half the time frame or # of ticks. Play around with it and see if you find that to be accurate.

WK

 
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  #388 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,284 received

Private Message:
"Wonderful!
ESFXtrader-

Thanks so very much for taking the time to share all your charts in different time frames, including your trading notes and details. Could I trouble you to post all of the moving averages you are using. It would be very helpful for me.

Thank you and much, much appreciation."

Note: traders' favorite trading instrument is TF.
Response:
Orange MA is 50EMA
The dashed red MA is the 20SMA and is associated with the BBs.
The others are proprietary to the charting package found with Danials Trading.
Green MA is 0.09 and is a Rolling MA, hence RMA is its name.
The others can be found if you have an account with Danials Trading.
They are both LSMA or Least Square Moving Average.
I developed these after a lot of trial and error and no other trader has them to date, but that doesn't mean you can't find them out if you follow my charts w/Danials Trading.
Remember, I have no affiliation with them, just love how well their charts have worked for me.
WK

 
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  #389 (permalink)
 Azrael 
Jurong Singapore
 
Experience: Beginner
Platform: NinjaTrader
Broker: Optimus Futures/Rithmic
Trading: TF
 
Posts: 72 since Jul 2012
Thanks: 39 given, 8 received

Hi guys,

I heard that different data feeds will give different tick data is that true? (In regards to TF, I'm using Mirus Zen-Fire on NT).

 
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  #390 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
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Azrael View Post
Hi guys,

I heard that different data feeds will give different tick data is that true? (In regards to TF, I'm using Mirus Zen-Fire on NT).

Look here:


Mike

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  #391 (permalink)
 RCDTH 
san antonio texas united states
 
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Platform: ninjatrader
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Posts: 14 since Jul 2012
Thanks: 37 given, 9 received

Read the whole thread (3x). Interesting to see how it works.
Been using it in sim periodically.
Rob

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  #392 (permalink)
 RCDTH 
san antonio texas united states
 
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ESFXtrader
Observation, do you see reversals probable as the market chops around the high or low of Stochastics?

Right at the open this morning, the market had chopped around and then fell off. CCI showed this as an opportunity.
Lame observation or part of strategy?
Thanks ROB

 
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  #393 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
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You should understand that the system which I have described here in this thread has been very good for me financially and continues to be on option trading, etc. But the system which I have developed that includes my original system, is better for day trading futures. So, there is more to it, but more often than not, it is simplified as seen in my more recent threads and the charts below.
More important is the fact that you can develop a system from mine that can be all yours and perfect it to suit you.
Good Trading.
The charts are on ES. A 12 min chart and a 6 tick (r) (range) chart.
WK

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  #394 (permalink)
bjulian
Greenville SC United States
 
 
Posts: 11 since Jul 2012
Thanks: 0 given, 8 received

Thanks for sharing your methodology.

What is your average risk/reward per trade?

Thanks

 
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  #395 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,284 received

This is a 6 tick (R) range chart.
As I have noted, my normal risk on TF or RLM is 10 ticks, sometimes less, depending on the setup entry.
I enter with a bracket entry, where my target and stop can easily be adjusted as I choose. Although I may have a target in mind, I take what the market allows by moving the target and the stop to protect the gains. Sometimes the target is hit very quickly and allows another entry very quickly. By using this method on GC-gold, once the target was hit within 1 second and the price pulled back to same entry for a second winner. There is a lot of flexibility within my system, but what I am sharing is what has worked best for me.
Hope this helps.
WK

PS If this helps you understand what I am doing and you still need help, send me a private message or post below.
Some private messages, when I think will help others, I post for all to see.
Good Trading

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  #396 (permalink)
 RCDTH 
san antonio texas united states
 
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Thanks: 37 given, 9 received

ESFxtrader
Good stuff. I am using with the YM (sim), and the results are simply encouraging.
Thanks for continuing to post.
I am new to site and appreciate the way the members interact so far.
ROB

 
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  #397 (permalink)
 RCDTH 
san antonio texas united states
 
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Thanks: 37 given, 9 received

ESFxtrader
I read where you dont take countertrend trades.
Do you wait for EMA's to crossover before taking next set up or do you anticipate based on another indicator?
Thanks in advance.
RH

 
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  #398 (permalink)
 jdrower 
Alameda, CA
 
Experience: Intermediate
Platform: Sierracharts
Trading: NQ
 
Posts: 45 since Oct 2011
Thanks: 170 given, 30 received

The way I trade is without MA crossovers. I use the 5034, 5034Z and 5014 CCI trade setups. I track 18-Forex issues with a short-term and long term chart for each. The former uses about 3/4 of each monitor (I use 6-each) with the latter occupying the remaining screen space. A signal is not valid unless the price bar closes above the 34-EMA for a Long and vice-versa (on the short-term chart).

There are other requirements to each trade but this is solely in response to the question regarding MAs. Besides the 34-EMA, I use the 14-EMA and the 204-EMA.

Today I had 13-trades and went on a 6-mile hike with friends from 8:30-AM until 12:15, EST.

I know that I'll have good trades because my trades are all in the direction of the 204-EMA. Some take longer to "comply" than others.

15-issues are on one monitor and I scroll through them (ad nauseum). The other 5 are on the remaining 5-monitors. My office isn't big enough to house 18-monitors especially if all were 24" as are the 6 I use.

As potential setups manifest themselves, I put an arrow under the 14-CCI to draw my attention the next time I'm scrolling through the 18. It frequently gets boring and I digress to scientific websites that interest me. I miss trades but not so many that it isn't worth my time.

I suppose I could use Ninja Trader but can't think of a good reason to give up Sierra Chart.

Hope this helps.
JD

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  #399 (permalink)
 nakachalet 
siam, west coast andaman sea
 
Experience: Master
Platform: ninja
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rhousler View Post
ESFxtrader
Good stuff. I am using with the YM (sim), and the results are simply encouraging.
Thanks for continuing to post.
I am new to site and appreciate the way the members interact so far.
ROB


rhousler View Post
ESFxtrader
I read where you dont take countertrend trades.
Do you wait for EMA's to crossover before taking next set up or do you anticipate based on another indicator?
Thanks in advance.
RH

just be informed that most trading advices are ditched out........for beginning traders to....prevent them from making rashy irrational decision to get in--when you ought to sit out;

and to liquidate a position when most experienced traders are laughing to the bank....

yes, this beginners irrationality thing happened to every traders, disregarding nationality and geographical difference.

even in a cave like mine, is not immuned to irrational trading at times.... LOL

i responded to your post because i just want you to know that there are several on board here including myself who just love to jump on counter trend trading with more positive results....

SO JUST LEARN EVERY POSITION AND ANGEL YOUR BRAIN WOULD ACCOMMODATE FOR NOW, k?

best learning, assimilating and accommodating to you.... nakachalet@gmail.com

 
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  #400 (permalink)
 jdrower 
Alameda, CA
 
Experience: Intermediate
Platform: Sierracharts
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Posts: 45 since Oct 2011
Thanks: 170 given, 30 received

I use range bars. They give my earlier signals than when I used 500 and 3000-tick charts.
JD


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