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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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  #401 (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

great discription and very enticing indeed.

may we have a pix of your trading room setups, pls?

only if you feel comfortable, K? thx much.


jdrower View Post
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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  #402 (permalink)
 jdrower 
Alameda, CA
 
Experience: Intermediate
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I used SnagIt to create a file image of a trade from today. If you tell me how to attach that to a post, I'm glad to provide a trade or two.
JD

 
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  #403 (permalink)
 Big Mike 
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jdrower View Post
I used SnagIt to create a file image of a trade from today. If you tell me how to attach that to a post, I'm glad to provide a trade or two.
JD

Click on the word screenshot in my post.

Mike

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  #404 (permalink)
 nakachalet 
siam, west coast andaman sea
 
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jdrower View Post
I used SnagIt to create a file image of a trade from today. If you tell me how to attach that to a post, I'm glad to provide a trade or two.
JD

like you, snagit confuses me to no end in the beginning when mike suggested it some time ago, even today, it still did not help me in my capture, nor did it expedite my video capture either.

not saying that it is no good, other the like of mike has been using it successfully for a while already.

so i'd attributed to personal preference in terms of what one desires to use,

and also individual difference in terms of what works best and most efficient for a particular trader.

since, the explanation of snag said that it could be easily posted to facebook and others, which first caught my attention but then for me, i could not find where the linkage is saved to, to be able for me to post it to youtube or facebook.... LOL

see, how antiquated i am.... LOL

when you have it figured out, pls do post some pix, K?

perhaps, there are some proficient snag users who are reading this post and are will to clarify for several of us who are too technological naive at the moment?

won't you help, pls? thx much.

 
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  #405 (permalink)
 nakachalet 
siam, west coast andaman sea
 
Experience: Master
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jdrower View Post
I used SnagIt to create a file image of a trade from today. If you tell me how to attach that to a post, I'm glad to provide a trade or two.
JD

@jdrower

when you have time, won't you give mike's ref below a trial and see if you could arrive at the destination per mike's description, pls?

thx for your feedback in advance.

thx mike, for reposting

Click on the word screenshot in my post.

 
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  #406 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
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If you haven't noticed by now, I have improved my trading system and I will show it on the chart below. It works the same no matter which futures' contract I am trading. Hope this helps your ability to trade successfully.
WK

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  #407 (permalink)
 Fourwedge 
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jdella View Post
Couple of screen shots with 2 different CCI settings.

Any one have scripts or ts file for these cci methods on TOS?

 
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  #408 (permalink)
 Fourwedge 
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Meant to add these photos. Sorry.

New here

I guess no pictures for me

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  #409 (permalink)
JohnPiper
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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

Are you using a 377 Tick chart ?
Thought I'd read enough about this to have it jump off the screen at me. Not yet.
Guess I'm lost on the CCI bar count for Reversals.
Basically we're just getting on board WITH TREND when a CCI Bar closes above/below 45/-45. Yes?
Thanks for any help.
John

 
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  #410 (permalink)
 hector24 
austin, texas
 
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Fourwedge View Post
Meant to add these photos. Sorry.

New here

I guess no pictures for me

Fourwedge nice chart. Is there any where that I might be able to get a template just like you have on yours. With the indicators and settings. Very nice chart.

Thanks
Hector

 
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  #411 (permalink)
 Azrael 
Jurong Singapore
 
Experience: Beginner
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Hi guys,

One curious question, not sure if it was asked before or not.

But since we are using tick charts, why not volume charts?

 
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  #412 (permalink)
 TheSeeker 
Germany
 
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Azrael View Post
Hi guys,

One curious question, not sure if it was asked before or not.

But since we are using tick charts, why not volume charts?

Why not time charts ?

It doesn't matter. Each has its pros and cons.

Markets are markets. Whether you trade EURO, ES, pork bellies or toe nails, whether it's on 3 minute chart, a 5000 volume or a 233 tick chart, it's all the same - at the end of the day the account balance will be in the red.

 
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  #413 (permalink)
ESFXtrader
West Coast of Florida
 
 
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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

RH,
I'm not sure why you would suggest that I don't take counter-trend trades.
BB trades and often 5 bar count back setups/trades are counter-trend trades.
I will add 3 early charts that indicate just that. You can also check out my posts here:
https://futures.io/search.php?searchid=1490669
Good trading.
WK
PS Sorry I missed this until now.

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  #414 (permalink)
 nakachalet 
siam, west coast andaman sea
 
Experience: Master
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@ESFXtrader

linkage does not seem to work for some reasons.

https://futures.io/search.php?searchid=1490669


ESFXtrader View Post
RH,
I'm not sure why you would suggest that I don't take counter-trend trades.
BB trades and often 5 bar count back setups/trades are counter-trend trades.
I will add 3 early charts that indicate just that. You can also check out my posts here:
https://futures.io/search.php?searchid=1490669
Good trading.
WK
PS Sorry I missed this until now.


 
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  #415 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
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Sorry that the search ID doesn't continue to work.You can click on my name and hit the Statistics button to see my posts or




are some.
WK

 
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  #416 (permalink)
 jdrower 
Alameda, CA
 
Experience: Intermediate
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Posts: 45 since Oct 2011
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I see it's been 3-months since I posted on this thread.

It was requested that I provide a photo of my set-up. That's below in Attachment #1. The cables are unsightly. I'd like to lower the whole set-up 6-7 inches. I find I don't look at the upper monitors as often, hence an overlay from the upper to the lower.

In each Chartbook I follow 3-issues, all 4X. There are 3-"time-frames" for each issue, 2 of them are visible at all times, the CCI indicator on the 3rd (hidden) is shown in Region 3 of the 2nd chart (upper monitor).

The 2-attachments of charts are the EURJPY. I like the look of Range Bars so Sunday afternoons I go to a separate chartbook that has all the charts I follow and there are 3 for each of the 9-issues. The charts are 15-minute, 60-minute and 240-minutes. The charts in this chartbook are solely used to give me any changes in the Range Bar values for all 27-charts. I make whatever changes are needed. If there's a more elegant way to do this, I'm glad to find out. Otherwise it's become a weekly ritual in which I take comfort.

Attachment #2 is a EURJPY using a .170 Range Bar value. I use the CCI with values of 50 and 14. I find the 50-CCI going over +100 is significant so with the help of others I've been able to have the color change automatically. When the 14-CCI hooks upward and the 50-CCI is above +100 I get a purple arrow at the Zero Line in Region 2.

Generally I find that if I want to get an entry in an uptrend, if there have been 3-Down Closes followed by an Up Close, that's a good signal yielding a minimum of 20-pips. 85% of my trades are limit orders. Those signals are shown by the light purple (?) Up Triangle. Those generally provide an extra 5-pips. The opposite applies to a Down-Trend.

I use the Dr. Bob signals, 5014 (Yellow Up Arrow), 5034 (White Up Arrow) and 5034Z (Brown Up Triangle) for Long Signals. They're all available on the internet. Everyone who uses them have made their own modifications. The Alerts Spreadsheet I use for the above 2-signals also have the Dr. Bob 3-signals (Long and Short).

The 3rd attachment is the Range Bar equivalent of a 60-minute chart. It sits above the "lower time frame" monitor and has it's own signals that I monitor. The 50-CCI and 14-CCI from that chart are in Region 3 in Attachment #2. In Attachment #3, the 3rd region shows the CCI study for the equivalent 240-minute chart that stays hidden except Sunday afternoons when all charts get updated.

It's a work in progress. In 6-months it may be very different but for now I'm pleased with what this "method" shows me. Mostly what I try to do is refine my Spreadsheet formulas. Reading forums teaches me things that stimulate ideas. I should join a health club.

I'm grateful for the services Big Mike provides and I wish him and the rest here the best of Health,
JD
Raleigh

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  #417 (permalink)
JohnPiper
San Francisco, California
 
 
Posts: 12 since Dec 2012
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ESFX , the 'countback' method you outlined here is amazing. There's trades firing off all over everywheres! (pluralizing "everywhere" is a Texas and/or Southern thang, you know, you're in FL!)
Am I seeing this correctly? Just doing a countback, as far as I can figure out your method, gives 3 trades today in the TF, in both directions, just using the "Countback CCI Bar" method.
Ever since I noticed you can count CCI bars that go negative OR positive in the "count", it's opened up a whole new way to trade the CCI for me.
I took my first "countback" trade today on SIM (Luv Sim!)
9:46:38 Eastern time, there's a 2pt Short. 10:21:22 there's a 1pt Short(1.5?!?) 12:08:37, there's a 2pt Long.
Is this a statistical glitch, or am I onto something?

With Gratitude,
John

 
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  #418 (permalink)
 biweber 
ft. myers/usa
 
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ESFXtrader View Post
Although this is for TF futures, it works as well for all futures. My setup includes double BB at 20, 2 and 2.5; 20, 31, & 62 EMAs; Stochastics Slow of 6,5,3 and 8,3,3 on same plane as price; and most important, is the CCI (Commodity Channel Index) at 14, -45, 45 on a histogram display. I go long (Buy)on the first CCI bar that closes over 45 or Short (Sell) on the first CCI bar below -45(-45 to -200) You can use it to trade everything on any time frame. Once you have looked at enough charts on this setup, the trades and its accuracy will be clear. Trading just the TF on 12-20-10, there were 8 winning trades and no loses for a total of 132 ticks. There is one other aspect of my CCI trading I have not yet disclosed and you can pick it up after looking at the level of the CCI bars and there relationship to one another at reversals. I promise you, this is a winning system. I should add that this works on continuation trades and reversals. Trade with the trend on continuation trades and against the trend on reversals. Particularly on the reversal trades, move the stop to protect gains, as the market can always continue in its original direction and trend, but most often it does not until the CCI shows it is. I use the 20SMA, 20EMA, 31EMA to show the trends. The 20SMA is found in the BBs. My first trade shown above was a short of TF at 9:56 @ 780.4 which was closed @ 777.30 @ 10:15AM.
TF trading on 12/20 using 377 Tick: Sale (S) @ 780.4 @ Close(C) of bar @ 9:56AM & C @ 777.3=31 ticks; S @ 777.6 & C @ 776.6=10; Buy (B) @ 778.1 & C @ 779.8=17; B @ 779.9 & C @ 781.4=15; S @ 784.2 & C @ 781.5=27; B @ 781.5 & C @ 782.3=8; S @ 780.9 & C @ 778.5 (@ 4:14PM)=24 for a total of 132 ticks.
Hope that helps, as that is a big clue. Let me know what you think. By the way...this is my system and it uses very little of any other system I have ever seen. This has been perfected after many many hours on charts. My system, as you will see in time, is worth a fortune.
WK

hi, thanks for the input, have followed this awhile and like it, are you still using it? I have SC and don't think I can get histogram for it--Gary

 
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  #419 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
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"CCI Countback Method
Hi,

I'm going thru your CCI Countback thread and I was wondering if the countback method is still working for you. Are you still using the method as described in the thread and does it still work?

It's a wonderful job you did in designing this system"

I received this in a private message. The previous post also questioned whether this continues to work. I am showing just a few examples that show only the setups using this method on the TF 4 tick (r) charts. Certainly it still works, but if you have followed my posts, you will know that the countback method is only one setup for entries and exits that I use. You should know by now that often the BB is the earliest entry. The countback can be the earliest entry. I hope this helps in your trading. AS always, Good Trading.
WK

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  #420 (permalink)
meow
Bangkok+Thailand
 
 
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ESFXtrader, what EMA you are using currently on your Renko or range/ticks bars? And how you define bull/bear trend?

 
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  #421 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
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Simplifying WK's Trading


You ask for it. So here it is. Simplified to the utmost. I will describe the trades on ES for 4/23 and 4/24 using no indicators below. Using only a 30 minute chart to keep it simple.
Go to the above entry and see just how simple my system truly is and how you can use it on any time frame and contract.
It can't get any easier than this. I hope everyone can now see just how good this is. You can't beat it.
Use a chart on which you prefer to trade and prove it will work for you. Let me know how well it works.
Good Trading.
WK

 
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  #422 (permalink)
edsnake
Joao Pessoa + Paraiba/Brazil
 
 
Posts: 5 since Dec 2013
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hello, is possible you send me all details about your tf strategy execution?

 
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  #423 (permalink)
 clinto69 
Malaysia
 
Experience: Intermediate
Platform: TOS
Trading: Options
 
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ThatManFromTexas View Post
I try to keep things simple ... like me .

This is my condensed version of ESFXtrader's system;

If the fast ema > the slow ema and Zscore >1 (Blue BackGround) and Close[0] crosses above the fast ema, go long. If Close[0] Crosses below the fast ema and/or Zscore crosses below 1, exit long position.

If the fast ema < the slow ema and Zscore <-1 (Pink BackGround) and Close[0] crosses below the fast ema, go short. If Close[0] Crosses above the fast ema and/or Zscore crosses above -1, exit short position.

Hi TMFT,

Do you have an indicator you could share for this method/screenshot?

Just checking :-)

Cheers and Thanks

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  #424 (permalink)
tarar18
Maimi, USA
 
 
Posts: 5 since Oct 2012
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ESFXtrader is very very Smart Man, Wow

 
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  #425 (permalink)
tarar18
Maimi, USA
 
 
Posts: 5 since Oct 2012
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Hi ESFXtrader , Please can we talk? Please I need some advise. It will be big help. Thanks so much in advance.

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

This is what my chart looks like today. Can you beat these entries shown on the chart just as we trade them?

Don't trade against trend or divergence unless you have a proven strategy. I am using the 21 EMA as a trend line and trading off it. After divergence or price hitting BB, price usually moves beyond the 21 EMA unless the trend is strong. The smallest move from entry of any trade marked is 10 then 11 ticks and the most heat on any trade was 5 then 3 ticks. Once you perfect this trading, your financial worries should diminish. As you grow your balance, you can increase your contracts traded. Many traders cannot re-fund their account. Therefore, it is important that you always prove you have it down before going live. At least early on, one should set a daily goal.
Take care.
Good trading and good night.
WK

PS Come see us in the Elite Trading Journals:

It's all free. Certainly you will find what works for you among the many great traders there and you'll be glad you came on board. And did I mention it's free.

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  #427 (permalink)
 Big Mike 
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