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TF trading using CCI method-it works

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  #1 (permalink)
ESFXtrader
West Coast of Florida
 
 
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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


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 Sam7768 
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Thank you ESFXtrader. Can you post a snapshot of the screen?. That would help understand this better.

Rgds,

 
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 MWinfrey 
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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 155 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 155 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

That's sure a busy chart if you really put everything but the CCI on the price panel. Would be nice to see a picture.

 
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 MWinfrey 
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This is what my chart looks like based on your description...

You can certainly read through all the lines but it really is a busy chart. Marked the signals.

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ESFXtrader
West Coast of Florida
 
 
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One of my simplest Trading plans for any time frame and any vehicle: I like 377 tick on the TF, 15 minute charts for FX, 633 tick for ES, & 11 tick on EURO future.
CCI is set for 14,-45,45--Histogram; Trade Setups: Long when CCI exceeds +45 and Short when CCI exceeds
-45. Take profit and reverse trade after 5 bars with less value, ignoring lower bars than the next or one later. Exp: 200, 195, 185, 150, 148, 160, 120, 50: reverse. Even great for scalpers on a shorter timeframe.
The turquoise dashed lines are the Keltner channels.
The Stochastics shown is 6,5,3. I also use the 8.3,3.
I also added the MACD. The BBs, MACD, and Stochastics are used for divergence entry and exit points.

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 Jeff Castille 
Northern California
 
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ESFXtrader View Post
One of my simplest Trading plans for any time frame and any vehicle: I like 377 tick on the TF, 15 minute charts for FX, 633 tick for ES, & 11 tick on EURO future.
CCI is set for 14,-45,45--Histogram; Trade Setups: Long when CCI exceeds +45 and Short when CCI exceeds
-45. Take profit and reverse trade after 5 bars with less value, ignoring lower bars than the next or one later. Exp: 200, 195, 185, 150, 148, 160, 120, 50: reverse. Even great for scalpers on a shorter timeframe.
The turquoise dashed lines are the Keltner channels.
The Stochastics shown is 6,5,3. I also use the 8.3,3.
I also added the MACD. The BBs, MACD, and Stochastics are used for divergence entry and exit points.

All I can say is......that's one busy chart.

CCI, Bollinger Bands, Keltner Channels, MACD,Stochastics and half a dozen moving averages. Whew!

I am glad that you are successful using this set up.

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  #7 (permalink)
 cory 
the coin hunter
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if you get rid of bbands, keltner band then its not that busy.

 
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 Jeff Castille 
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WK........could you explain how you use the double Bollinger Bands set on 2 and 2.5.

Thanks, Jeff

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  #9 (permalink)
ESFXtrader
West Coast of Florida
 
 
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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.

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 Jeff Castille 
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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.

Thank you for your BB Band explaination...........however, my question had to do with the use of DOUBLE BB Band and more specifically the choice of 2 and 2.5 as the standard deviations selected.

Thanks, Jeff

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 hoeman 
VT, USA
 
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Hi, I was wondering why one of your charts show a 34 EMA. Is it 31 or 34?

Also, on the stochastics, that would be in the order of (%K, smoothing for %K, %D) right?

 
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  #12 (permalink)
ESFXtrader
West Coast of Florida
 
 
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I see why you might have some confusion on the 31 & 34EMAs. I have been using the 34EMA for a long time and recently was on a webinar with a pro, who had proven that the 31 EMA was more reliable. I have been checking it out and I have them on 2 different charts, all else identical. I haven't concluded that one is better than the other to date. They both work well for my use of them. You can compare them with what you trade and decide for yourself. I intend to add CL to my trading in the next couple of months. What I have seen thus far with my CCI method looks very good. There is no full proof method of trading, but this comes the closest to anything I have seen. The only problem with this is in a very choppy market. Then you must move your stops quickly to at least 1 one tick winners on each trade, soas to avoid loses. I have seen 50 winning trades in a single day: 18 -1 tick winners because of moving the stops. Better trades were had by getting in at a better price or going to another market and waiting for another entry there. When a trade moves to a 5 tick winner and then retraces even more, where do you want to be?
WK

 
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 hoeman 
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Thanks for the clarification. Could you clarify the stochastics settings? Don't get me wrong, I get the indicator, it's just that different platforms have different ordering. NT's order is (%D, %K, %K smoothing), but most people usually quote stochastics settings in %K, %K smoothing, %D.

 
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ESFXtrader
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I'm sure you are aware of several platforms that only offer the StochLength (1st#) mine are either 6 or 8 and one SmoothingLength. TradeStation offers a second SmoothingLength in a % format as you described. I am yet to see any of those with only one SmoothingLength work as well in pinpointing entries and exits of reversals at overbought/oversold conditions as those similar to TradeStation Charting as seen on my chart. If you are looking for more detail, you might want to research it, as I just use what works, once I have proved it. I hope that helps. Time to get some sleep....good trading.

 
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 hoeman 
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Ok, so are your settings on TradeStation

StochLength( 6 ),
SmoothingLength1( 5 ), { used to slow FastK to FastD = SlowK }
SmoothingLength2( 3 ), { used to slow FastD to SlowD }

 
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 MWinfrey 
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ESFXtrader View Post
One of my simplest Trading plans for any time frame and any vehicle: I like 377 tick on the TF, 15 minute charts for FX, 633 tick for ES, & 11 tick on EURO future.
CCI is set for 14,-45,45--Histogram; Trade Setups: Long when CCI exceeds +45 and Short when CCI exceeds
-45. Take profit and reverse trade after 5 bars with less value, ignoring lower bars than the next or one later. Exp: 200, 195, 185, 150, 148, 160, 120, 50: reverse. Even great for scalpers on a shorter timeframe.
The turquoise dashed lines are the Keltner channels.
The Stochastics shown is 6,5,3. I also use the 8.3,3.
I also added the MACD. The BBs, MACD, and Stochastics are used for divergence entry and exit points.


YOu saved your chart as a .bmp file and is 3.5 MB. That's huge. Please remove this one and attach a jpg file.

thanks,
Mike

 
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 jdella 
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ESFXtrader View Post
One of my simplest Trading plans for any time frame and any vehicle: I like 377 tick on the TF, 15 minute charts for FX, 633 tick for ES, & 11 tick on EURO future.
CCI is set for 14,-45,45--Histogram; Trade Setups: Long when CCI exceeds +45 and Short when CCI exceeds
-45. Take profit and reverse trade after 5 bars with less value, ignoring lower bars than the next or one later. Exp: 200, 195, 185, 150, 148, 160, 120, 50: reverse. Even great for scalpers on a shorter timeframe.
The turquoise dashed lines are the Keltner channels.
The Stochastics shown is 6,5,3. I also use the 8.3,3.
I also added the MACD. The BBs, MACD, and Stochastics are used for divergence entry and exit points.

ESFXtrader, could you please elaborate as to what you mean by taking profit and reversing after 5 bars with less value, does that mean if for example after you have an entry long when CCI is over 45 and continues to be so, you stick with the trade until you now have 5 bars that are lower than the absolute high/low bar of that move? Which could be exactly 5 or could be maybe 7 or 8 or even 10 bars later? Is that what I'm to understand?

Also, you only use an 11 tick chart to trade the 6e? is that a typo, or are you using that fast of a chart on that mkt?

Thanks, Jeff

 
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 cory 
the coin hunter
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ESFXtrader View Post
... I am yet to see any of those with only one SmoothingLength work as well in pinpointing entries and exits of reversals at overbought/oversold conditions as those similar to TradeStation Charting as seen on my chart. ...

we have it, this example uses SMI2 but we improve it to SMI5 already.


 
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  #19 (permalink)
ESFXtrader
West Coast of Florida
 
 
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I finally had a chance to respond to some of the posts.


WK........could you explain how you use the double Bollinger Bands set on 2 and 2.5.
Jeff, the 2.5 was shown to me by a professional trader and has served me well, as most often, when the price action moves beyond it, a reversal is forthcoming. The standard 2 is more often hit and is best traded with another indicator, such as divergence, or confirmation with the CCI, although, many times it can be an early entry, if you don't mind the risk and a tight stop beyond the 2.5.
Once you have the chart setup as I have indicated, you can look at it on whatever you trade and any timeframe and the trades begin to become very clear.


Jeff
I thought my system was pretty easy to see. I'll try again. When there is a higher value bar of the CCI after a lower (be it – or +), do not count the lower value bar as one of the 5 count back bars. EX: Say the following were the value of the CCI bars: 205, 188, 161, 144, 175, 140, 160, 186, 154, 141, 101.


Counting back 1st lower bar-188, because 175 is higher than the 2 previous, ignore them; 160, ignoring 140; then we have 186 causing us to ignore 161 thru 160; 154, 141, 101. The price reversal most often takes place at the close of the 5th bar, where I would short the market, be it daily, 15 min, 5 min, or , in the TF case-377 tick. The same is the case with negative numbers, where the trade is long.


Remember, if the count back bar comes before the reversal -45 or 45 bar, trade off it, otherwise, trade of the 45 bar. The more charts you peruse, the clearer the setups become.


“you only use an 11 tick chart to trade the 6e?”
Thanks, Jeff
Actually, the 11 tick chart would be to fast on the 6e, and I was referring to the TradeStation's @E7, which is the e-mini EURO FX continuous contract. Each tick is $6.50 per contract. I will include a chart with notations. Hopefully this will clear up most questions.

Hoeman, Keeping it simple: SlowK is the blue and fast acting and SlowD is the red and slow acting.


Cory,
I'm not sure what you are trying to show with the post, but it is an excellent example of a triple divergence setup (that seldom fail).
Also, one must compare many hours of the action of the example you post compared to the Stochastics with two SmoothingLengths. My post indicated that I have not seen a single SmoothingLength equal that of the one with two. Maybe you have one, but a lengthly study would be required to prove it.

WK

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 Jeff Castille 
Northern California
 
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WK,

Please see post #16...........the charts you post take forever to load.......matter of fact.....I couldn't get the last one to load at all.

Thanks, Jeff

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 cory 
the coin hunter
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ESFXtrader View Post
I finally had a chance to respond to some of the posts.

...
Cory,
I'm not sure what you are trying to show with the post, but it is an excellent example of a triple divergence setup (that seldom fail).
...

WK

it shows that we have a comparable TS stochastic, no surprise there since it uses TS stochastic calculation.

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  #22 (permalink)
 Jeff Castille 
Northern California
 
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cory View Post
it shows that we have a comparable TS stochastic, no surprise there since it uses TS stochastic calculation.

Hi Cory,

Could you post the stochastic indicator that you are showing in panel 1?

Thanks, Jeff

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  #23 (permalink)
 cory 
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Jeff Castille View Post
Hi Cory,

Could you post the stochastic indicator that you are showing in panel 1?

Thanks, Jeff

it is SMI2 with parms posted.

 
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  #24 (permalink)
 ThatManFromTexas 
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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 155 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 155 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

TF trading on 12/20 using 377 Tick:

1. Sale (S) @ 780.4 @ Close(C) of bar @ 9:56AM & C @ 777.3=31 ticks;
2. S @ 777.6 & C @ 776.6=10;
3. Buy (B) @ 778.1 & C @ 779.8=17;
4. B @ 779.9 & C @ 781.4=15;
5. S @ 784.2 & C @ 781.5=27;
6. B @ 781.5 & C @ 782.3=8;
7. S @ 780.9 & C @ 778.5 (@ 4:14PM)=24

for a total of 132ticks.


Did you leave a trade out?

What were the results for December 1st, 2nd and 3rd? Month-to-Date?

Regards,
TMFT

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #25 (permalink)
 Jeff Castille 
Northern California
 
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TMFT,

Welcome back!!

Sorry for any misunderstandings.......

Jeff

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  #26 (permalink)
 Big Mike 
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@ESFXtrader, Jing is a free screen capture utility. Save pictures in PNG or JPG format, not BMP.

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  #27 (permalink)
 Saroj 
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cory View Post
it is SMI2 with parms posted.

I created the template on TF; then applied it to a CL chart... there are arrows on the TF chart, but none on the CL chart (same template)... any ideas why not?

Thanks,
Saroj

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  #28 (permalink)
 cory 
the coin hunter
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Saroj View Post
I created the template on TF; then applied it to a CL chart... there are arrows on the TF chart, but none on the CL chart (same template)... any ideas why not?

Thanks,
Saroj

the arrows were plotted too far away from CL chart you need to adjust the offset for CL, change it from 1 to .1

 
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  #29 (permalink)
 emini_Holy_Grail 
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Saroj - can also attach template in the thread as I also use smi.

does it have any other than smi5?

 
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 Saroj 
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cory View Post
the arrows were plotted too far away from CL chart you need to adjust the offset for CL, change it from 1 to .1


 
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  #31 (permalink)
 Saroj 
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emini_Holy_Grail View Post
Saroj - can also attach template in the thread as I also use smi.

does it have any other than smi5?

That's SMI2... I was just trying out what cory posted...

I'll post it later... too tired right now to document it.. and no point unless I say what indicators are in the template and provide links.

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ESFXtrader
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Here are three charts which I used jing to copy and I hope they meet your expectation. Good trading and good night all.

Thanks for the help. This works great. You guys are the best and so is jing.

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 Saroj 
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emini_Holy_Grail View Post
Saroj - can also attach template in the thread as I also use smi.

does it have any other than smi5?

Enjoy!

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 emini_Holy_Grail 
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Thks Saroj for those screens

 
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 MWinfrey 
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been watching 6e on a 3 range chart this morning since about 5:30 and there were 2 entries which were both winners and I'm just looking at the CCI crossing the 45 and confirming with all the stuff on price. This is the third day that I've done this while I work on other stuff. Pretty cool.

 
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 AR01 
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ESFXtrader View Post
Here are three charts which I used jing to copy and I hope they meet your expectation. Good trading and good night all.

Thanks for the help. This works great. You guys are the best and so is jing.

thanks for the information. However, I'm not understanding how you are counting the CCI 1-5. I've read the thread a couple of times and I don't understand ignore the lower numbers. How do you know which ones to skip to restart the count? Appreciate a clarification.

Andrew

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  #37 (permalink)
 MWinfrey 
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seems to be a decent number of entries based solely on crosses of the 45 and confirmed by the stuff in the price panel not to mention price action.

sorry, that isn't so clear...some of those 45 crossses are countertrend. i'm referring to with the trend crosses.

 
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 AR01 
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AR01 View Post
thanks for the information. However, I'm not understanding how you are counting the CCI 1-5. I've read the thread a couple of times and I don't understand ignore the lower numbers. How do you know which ones to skip to restart the count? Appreciate a clarification.

Andrew

Oh, I think I get it now after reading the examples again. We count from the current bar to the left trying to find 5 bars with higher numbers. I've been trying to read the numbers as the bar formed from left to right. Did I get it?

Andrew

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  #39 (permalink)
ESFXtrader
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The key in understanding my system of the CCI trading is to understand that the CCI will most often show the reversals by using the numeric numbers to identify when the reversal will take place. Its not difficult once you have looked at enought charts. You never know when the trend has ended until the criteria has been met. The value of the CCI can be decreasing as if a reversal is about to take place, when the price continues in the same direction and the trend strengthens. Then the value of the CCI will be higher and this resets the count down, as we would now have a new high or peak in the price value. If the next value is less, that would be bar #1. If the next value is less-bar #2, and so on. Say on the 5th bar, new buyers come in and the value is higher than only the previous bar, that is then the new 4th bar. and continue to count and hold a live trade that continues to make money. EX: 277, 260, 214, 140, 299(new high bar), 280, 244, 210, 140, 155, 40 - close of bar would indicate trend has ended and reversal has started.
Hope this clears up any questions. See the charts. Good trading.
WK

 
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 MWinfrey 
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just occured to me that i can write an indicator to number the cci bars if i can figure out the method. read the instructions more than once and my peabrain can't seem to grasp the concept.

 
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  #41 (permalink)
 MWinfrey 
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ESFXtrader View Post
The key in understanding my system of the CCI trading is to understand that the CCI will most often show the reversals by using the numeric numbers to identify when the reversal will take place. Its not difficult once you have looked at enought charts. You never know when the trend has ended until the criteria has been met. The value of the CCI can be decreasing as if a reversal is about to take place, when the price continues in the same direction and the trend strengthens. Then the value of the CCI will be higher and this resets the count down, as we would now have a new high or peak in the price value. If the next value is less, that would be bar #1. If the next value is less-bar #2, and so on. Say on the 5th bar, new buyers come in and the value is higher than only the previous bar, that is then the new 4th bar. and continue to count and hold a live trade that continues to make money. EX: 277, 260, 214, 140, 299(new high bar), 280, 244, 210, 140, 155, 40 - close of bar would indicate trend has ended and reversal has started.
Hope this clears up any questions. See the charts. Good trading.
WK

outstanding...pseudo code. maybe i can get this figured out for an indicator after all.

 
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  #42 (permalink)
 cory 
the coin hunter
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MWinfrey View Post
just occured to me that i can write an indicator to number the cci bars if i can figure out the method. read the instructions more than once and my peabrain can't seem to grasp the concept.

eyeballing is easier otherwise a loop within loop to figure out which bar to ignore which bar to count somewhat likes DeMark's indicator.

 
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  #43 (permalink)
 fluxsmith 
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MWinfrey View Post
just occured to me that i can write an indicator to number the cci bars if i can figure out the method. read the instructions more than once and my peabrain can't seem to grasp the concept.

You're hardly a pea-brain ;-). I intend to try a strategy with it this weekend. I've already put the +-45 concept into a strategy and that alone (with money management) tests profitable. I've been thinking about it and I think it would be hard to code counting forward the way it's described. If I understand it though, we could just look backwards from the current bar to the peak bar since entry, setting a high water mark as we iterate, and counting each bar which exceeds the high water mark.

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  #44 (permalink)
 MWinfrey 
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fluxsmith View Post
You're hardly a pea-brain ;-). I intend to try a strategy with it this weekend. I've already put the +-45 concept into a strategy and that alone (with money management) tests profitable. I've been thinking about it and I think it would be hard to code counting forward the way it's described. If I understand it though, we could just look backwards from the current bar to the peak bar since entry, setting a high water mark as we iterate, and counting each bar which exceeds the high water mark.

well thank you fluxsmith...i feel better about myself now. ;-)

 
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  #45 (permalink)
ESFXtrader
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I considered selling my CCI system and many of my friends said that I should do so. You here are the only group of traders I have shared it with and I hope you appreciate not only my sharing it with you, but that, to date, I have not seen a better trading system for all markets and time frames and it is free for you to try and tweak as you so desire. Some aspects of my trading that I have revealed to you such as the BBs and the divergence combinations only improve the accuracy and make it impossible to autotrade. One thing that I have only briefly mentioned is the early entry and exit method by watching for two consecutive green or red bars counter to the trend in green/red candlestick charts. What you will find is that this added part of my system coincides with the CCI method many times, but sometimes it gets you into a winning trade early or offers an early exit to a small winning trade before a reversal or an optimal exit to a big winning trade before its reversal.
Another aspect of my trading, of which I have only hinted at, is continuation setups. This could be for initiating a new trade or adding to a winning trade. You may have been taken out of a trade and this offers you an opportunity to re-enter at an optimum confirmed price. In this case, a trend, be it short or long, has been established and stalled. Wait for the CCI value to close higher than the previous bar with the 20EMA over the 20SMA on long trades and visa versa on short trades.
Also, remember the forementioned pullback to the 20SMA or midband of the BBs, which is a continuation setup in a strong trend.
The more you look at traditional green/red candlestick charts, the more you will see just how accurate this overall system is and how to trade it on anything you trade. I wish you nothing but success in your trading.
I am including a daily chart on IWM for you to consider. Imagine your, having traded options on IWM using this technique, where you bought long term options and sold shorter term options against them at the optimum time and strike price. I will go over that on a new thread in the options' treads later.
This is my way of giving back.
God Bless you all.
WK

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 ThatManFromTexas 
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Jeff Castille View Post
TMFT,

Welcome back!!

Sorry for any misunderstandings.......

Jeff

No problem. I was spending spending "Quality Time" in the Medical Center.

Thanks!

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
 
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 Jeff Castille 
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ThatManFromTexas View Post
No problem. I was spending spending "Quality Time" in the Medical Center.

Thanks!

Hope you are ok..........are you back to trading?

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  #48 (permalink)
 ThatManFromTexas 
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Jeff Castille View Post
Hope you are ok..........are you back to trading?

I'm good. I hope to start back trading in January.

Happy New Year!

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #49 (permalink)
 jdella 
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ESFXtrader View Post
The key in understanding my system of the CCI trading is to understand that the CCI will most often show the reversals by using the numeric numbers to identify when the reversal will take place. Its not difficult once you have looked at enought charts. You never know when the trend has ended until the criteria has been met. The value of the CCI can be decreasing as if a reversal is about to take place, when the price continues in the same direction and the trend strengthens. Then the value of the CCI will be higher and this resets the count down, as we would now have a new high or peak in the price value. If the next value is less, that would be bar #1. If the next value is less-bar #2, and so on. Say on the 5th bar, new buyers come in and the value is higher than only the previous bar, that is then the new 4th bar. and continue to count and hold a live trade that continues to make money. EX: 277, 260, 214, 140, 299(new high bar), 280, 244, 210, 140, 155, 40 - close of bar would indicate trend has ended and reversal has started.
Hope this clears up any questions. See the charts. Good trading.
WK

WK, I have to say that this part has been the hardest to wrap my head around, but this was a pretty decent explanation, I'm sure it becomes 2nd nature after awhile. Thanks for sharing with us here.
Jeff

 
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  #50 (permalink)
 emini_Holy_Grail 
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ESFX

can you post a template here with your settings

 
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  #51 (permalink)
 jdella 
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emini_Holy_Grail View Post
ESFX

can you post a template here with your settings

I think he's a tradestation user.

 
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  #52 (permalink)
 trendisyourfriend 
Market Wizard
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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. ...

Interesting your system ESFXtrader. You could possibly maximise your profit even more if you'd use a pyramiding scheme to compound the benefit of the trend using untaken profits with multiple entries given by the CCI. I like the idea.

 
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  #53 (permalink)
 cory 
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TradeStation may use SMA for smoothing instead of EMA as in SMI2 so here is stochastic with SMA smoothing.

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  #54 (permalink)
ESFXtrader
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Hope these captures of my settings help. And I hope you all have a Happy New Year.
WK

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  #55 (permalink)
 MWinfrey 
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I'm going to say something and may receive some negative comments but am going to say it anyway. I think this thread needs to be moved to the elite section. This seems to be the kind of topic that is more appropriate for that closed environment.

Personally I'm glad you didn't sell your idea. I'm having a good time keeping up with this thread.

 
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  #56 (permalink)
 Big Mike 
Site Administrator
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MWinfrey View Post
I'm going to say something and may receive some negative comments but am going to say it anyway. I think this thread needs to be moved to the elite section. This seems to be the kind of topic that is more appropriate for that closed environment.

Personally I'm glad you didn't sell your idea. I'm having a good time keeping up with this thread.

The OP isn't an Elite Member. If he becomes one and wants to move the thread I'll take care of it.

Mike

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  #57 (permalink)
 sharky 
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i put my sharkys real wordl trading in the journals section and i see it got moved to elite even though i didnt put it there...sharky

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  #58 (permalink)
 Big Mike 
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sharky View Post
i put my sharkys real wordl trading in the journals section and i see it got moved to elite even though i didnt put it there...sharky

It isn't in Elite.

Mike

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  #59 (permalink)
 sharky 
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well its not in journals where i put it...sharky

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  #60 (permalink)
ESFXtrader
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"I'm going to say something and may receive some negative comments but am going to say it anyway. I think this thread needs to be moved to the elite section. This seems to be the kind of topic that is more appropriate for that closed environment.

Personally I'm glad you didn't sell your idea. I'm having a good time keeping up with this thread. "

The OP isn't an Elite Member. If he becomes one and wants to move the thread I'll take care of it.

Mike

I have only checked out this site recently, even though I show to be a member for some time. I am not up on what the Elite Membership has to offer, but my trading system speaks for itself. If you think I belong in the Elite group, let me know.
By the way, check out the latest Thread on Forex and Currency trading called "My CCI method+ on EURUSD 5 min chart"
There you will see how effective this trading is in FX trading. It works on all time frames.
I will include the chart here for your perusal.

WK

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  #61 (permalink)
 Jeff Castille 
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MWinfrey View Post
I'm going to say something and may receive some negative comments but am going to say it anyway. I think this thread needs to be moved to the elite section. This seems to be the kind of topic that is more appropriate for that closed environment.

Personally I'm glad you didn't sell your idea. I'm having a good time keeping up with this thread.

Hey Mike,

As much as I appreciate anyone who uses the CCI in their trading........I need to point out that there is nothing new or unique about the approach in this thread.

Jeff

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  #62 (permalink)
 trendisyourfriend 
Market Wizard
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Jeff Castille View Post
Hey Mike,

As much as I appreciate anyone who uses the CCI in their trading........I need to point out that there is nothing new or unique about the approach in this thread.

Jeff

What is unique is the enthusiast shown by the author and his personal twists in riding an old horse. For a new trader it may be the start of their journey. Although most entries or exits can be seen naked without indicators. What would be fun as an exercice is to share a chart without indicators and the same with indicators and discuss ways to get rid of them.

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ESFXtrader
West Coast of Florida
 
 
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PFG's Best ProTrader : :Swing Trading using Woodies CCI Indicator" has proved to be very reliable. I have used it for some time before perfecting my on system on CCI. Google it if you are not aware of just how good it is. I have tried many pros' systems and have not seen one easier to use or more flexable than mine.
WK

 
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  #64 (permalink)
 Jeff Castille 
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trendisyourfriend View Post
What is unique is the enthusiast shown by the author and his personal twists in riding an old horse. For a new trader it may be the start of their journey. Although most entries or exits can be seen naked without indicators. What would be fun as an exercice is to share a chart without indicators and the same with indicators and discuss ways to get rid of them.

I agree........I have appreciated the enthusiam that ESFXtrader has demonstrated in sharing his approach.

If he were an elite member he would have seen that we have had a CCI thread going in the elite section for over 9 months.

Jeff

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  #65 (permalink)
ESFXtrader
West Coast of Florida
 
 
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It looks like I should have become an elite member in July, when I first saw the site, but failed to further investigate it. Maybe we all would be better traders today.....Thanks for sharing.

 
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  #66 (permalink)
 Jeff Castille 
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ESFXtrader View Post
It looks like I should have become an elite member in July, when I first saw the site, but failed to further investigate it. Maybe we all would be better traders today.....Thanks for sharing.

It's not too late.

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  #67 (permalink)
 ollie 
St. Petersburg, Fl
 
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Why can't we keep this thread on point? Why are people being so negative?

The one aspect of futures.io (formerly BMT)F that I have always felt is the sense of COMMUNITY, traders helping traders, the exchange of ideas.

If you don't like the information in this thread than don't read or post here. Who cares where this thread is located, who cares that there is another thread on CCI.

This information is new, no one in this forum uses the CCI the way it is presented here. There is plenty of room in this forum to accomodate different views on the same subject.

I for one hopes the negativity ends, if it dosen't people will stop posting and futures.io (formerly BMT)F is the looser.

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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  #68 (permalink)
 sharky 
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no one is being negitive and we have given more to the forum than alot of people we just like to say stuff in our own way to point things out, everyone commicates in a different way this is just our way lol have a good new year...sharky

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  #69 (permalink)
 Jeff Castille 
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ollie View Post
Why can't we keep this thread on point? Why are people being so negative?

The one aspect of futures.io (formerly BMT)F that I have always felt is the sense of COMMUNITY, traders helping traders, the exchange of ideas.

If you don't like the information in this thread than don't read or post here. Who cares where this thread is located, who cares that there is another thread on CCI.

This information is new, no one in this forum uses the CCI the way it is presented here. There is plenty of room in this forum to accomodate different views on the same subject.

I for one hopes the negativity ends, if it dosen't people will stop posting and futures.io (formerly BMT)F is the looser.

Ollie,

Do you think that it is a negative or a positive thing to inform an otherwise uninformed trader that there is a thread in the elite section that he might benefit from?

Do you think that ESFXtrader could contribute to the body of work that already exists about the CCI? I do.

Do you think that this would benefit the "community." I do.

For the life of me.......I can't figure out what the hell you think is "negative."

Jeff

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  #70 (permalink)
ESFXtrader
West Coast of Florida
 
 
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I appreciate your responce, but if you read every thread in this "new" Thread, you might understand why this responce came. Some of them had no place in this thread, to my way of thinking...as a newbe here.
Have a Great New Year...headed out
WK

 
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  #71 (permalink)
 Jeff Castille 
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ESFXtrader View Post
I appreciate your responce, but if you read every thread in this "new" Thread, you might understand why this responce came. Some of them had no place in this thread, to my way of thinking...as a newbe here.
Have a Great New Year...headed out
WK

I just looked at every post in this thread........again........and I can't imagine which ones you think have "no place in this thread."

All I see is inquisitive traders asking polite questions about your method and others teaching you about jing.

Perhaps you could let us know which posts seem inappropriate to you.

Jeff

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  #72 (permalink)
 Big Mike 
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Lets not get sidetracked. The thread is about ESFXtrader's method using the CCI. He's done a good job of explaining it, lets keep the discussion on-topic.

Jeff has his own method which he has discussed at length in this thread:


There are going to be similarities but since each thread was started with a specific frame of reference or point of view (OP's) I see no reason they can't co-exist.

Happy New Year

Mike

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  #73 (permalink)
 supermht 
Naperville IL
 
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when Mike start this forum, the purpose is to help each other, Jeff did a good job. his method is simple and clear, easy to learn, thanks, Jeff.

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  #74 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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I appreciate any trader who comes in and contributes something he thinks may be useful to other traders , even if I don't necessarily subscribe to his school of thought. Hearing other points of view is valuable, even a blind hog finds an acorn occasionally.

Thanks to everyone who contributes to this board and a Happy New Year!

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #75 (permalink)
 aviat72 
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cory View Post
eyeballing is easier otherwise a loop within loop to figure out which bar to ignore which bar to count somewhat likes DeMark's indicator.

When I saw that number, the first thing which came to mind was DeMark.

One basic question I have is with regards to targets and risk management.
How are the stops defined?
This seems to be an always-in (or almost) kind of strategy. Is there any sizing/scaling involved?

Also the last 2-3 weeks have not been normal since most of the pros shut down their books for the year as December wore on. So what worked in those markets may not work going forward.

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  #76 (permalink)
ESFXtrader
West Coast of Florida
 
 
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Once you completely understand the trading system, you will see that you take what the market has to give, always using money management, as with all trading...but that goes without saying. The Reward/Risk has ranged from 2/1 to 10/1, depending on how the market moves. This system helps avoid losing trades in all markets, especially when moving the stop once the trade has several ticks (or PIPs in FX) to one or more on the positive side. Once you take profits, many times it is at a reversal and therefore offers an excellent reversal trade and thereby offering you the opportunity to stay in the market with a trade in the opposite direction, be it short or long. At times, when you take profit, it is not the optimum time to reverse a trade. Then "sit on hands" until there is a better setup or trade another market.
As far as the last 2-3 weeks......This system has worked and continues to work, irregardless to the volume or volitility, but one should always be aware when news is coming out, to avoid losses, where a trade should not have been taken. You can look at any time in history and any timeframe on the continuous contracts,
TradeStation is @ES or @TF or @NQ, and prove how well it has worked for yourself.
Also, see the posts in "Forex and Currency Trading" to further drive home the point. Good Trading.
WK

 
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  #77 (permalink)
 kingich 
Zagreb, Croatia, Europe
 
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thanks for sharing.... wish you happy and sucessful ny

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  #78 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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ESFXtrader View Post
Once you completely understand the trading system, you will see that you take what the market has to give, always using money management, as with all trading...but that goes without saying. The Reward/Risk has ranged from 2/1 to 10/1, depending on how the market moves. This system helps avoid losing trades in all markets, especially when moving the stop once the trade has several ticks (or PIPs in FX) to one or more on the positive side. Once you take profits, many times it is at a reversal and therefore offers an excellent reversal trade and thereby offering you the opportunity to stay in the market with a trade in the opposite direction, be it short or long. At times, when you take profit, it is not the optimum time to reverse a trade. Then "sit on hands" until there is a better setup or trade another market.
As far as the last 2-3 weeks......This system has worked and continues to work, irregardless to the volume or volitility, but one should always be aware when news is coming out, to avoid losses, where a trade should not have been taken. You can look at any time in history and any timeframe on the continuous contracts,
TradeStation is @ES or @TF or @NQ, and prove how well it has worked for yourself.
Also, see the posts in "Forex and Currency Trading" to further drive home the point. Good Trading.
WK

If you are using TradeStation's continuous contracts for testing, unless they have changed the method they use to adjust backwards to compensate for the rollover, you will get different results than using the data from the actual contracts.

On strong trending days like December 20th, most systems work well. Never confuse Genius with a bull market.

I would be interested in seeing the results for TF 12-10 on December 1st , if you have time.

Thanks for posting !

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
 
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  #79 (permalink)
 drmartell 
Portland, OR
 
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I am also a Tradestation user, would you be willing to post an attachment of one of your Tradestation workspaces (.TSW file) with the various indicators?

Thanks.

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  #80 (permalink)
ESFXtrader
West Coast of Florida
 
 
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See post 54 of this thread.

 
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  #81 (permalink)
 MWinfrey 
Lubbock TX
 
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ESFXtrader_CCIBarCounter is an indicator I wrote to count the bars as described by ESFStrader. This version is intended to be an academic exercise to determine if I'm counting them correctly. The counting begins when the CCI crosses the +45 or -45. CCI crosses above the +45 are marked with a green dot on the zeroline and CCI crosses below the -45 are marked with a red dot on the zeroline.

There are no filters applied in this version. So, when the CCI crosses the +45/-45, counting begins and will continue with the 5th bar is reached. This means that there may be times when you see barcounts going on above and below the line at the same time. Don't be alarmed by that. Just keep looking at it and see if I am counting correctly. Green numbers are counting the number of bars since the green dot. Red numbers are counting the number of bars since the red dot.

Do you remember your teacher telling you to show your work? That's what I'm doing in this indicator. Every bar starting at 1 gets a number until 5 is reached. This way you can see what happens at each bar.

Again, this is an academic exercise to make sure I'm counting the bars correctly. Please don't get into the aesthetics of the indicator. That will come if this turns into a useful tool. It may not beyond what it already is because that would mean I have to code entry rules.

This indicator is exported for NT7 only. Please don't ask for one that is for nt 6.5 . That will come after I'm sure the numbering is right.

Mike

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  #82 (permalink)
ESFXtrader
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"ESFXtrader_CCIBarCounter is an indicator I wrote to count the bars as described by ESFStrader. This version is intended to be an academic exercise to determine if I'm counting them correctly. The counting begins when the CCI crosses the +45 or -45. CCI crosses above the +45 are marked with a green dot on the zeroline and CCI crosses below the -45 are marked with a red dot on the zeroline."

Understand that the cross of the 45 means nothing until the bar has completed, whether it be a 5 min bar chart or 377 tick bar or any other. If, after the close of the bar, the CCI bar has a value of 45 or -45 and you are not in a trade, it could be at a price at which to take a trade. Still, one must pay attention to the price now from where it has come and where it is in relation to the BBs and the strength of the market, if it is in a trend, and the length of the bar from which one is trading. This is another point of which I may not have mentioned. In a long bar, whether it be on the second green or red bar or 5th countback bar or 1st CCI bar with a value of >45 or >-45, do not take the trade until a retracement of 1/2 of the bar within 3 bars. This prevents chasing markets, of which I have warned. You will need to study the charts for some time to see the complete system. A good trader will begin to see all I have explained and avoid most losses once they have seen enough charts. I don't believe one can write all the perameters required to trade this system. The computer between the ears is much better at seeing the trades.....trust me.
WK

 
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  #83 (permalink)
 MWinfrey 
Lubbock TX
 
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ESFXtrader View Post
"ESFXtrader_CCIBarCounter is an indicator I wrote to count the bars as described by ESFStrader. This version is intended to be an academic exercise to determine if I'm counting them correctly. The counting begins when the CCI crosses the +45 or -45. CCI crosses above the +45 are marked with a green dot on the zeroline and CCI crosses below the -45 are marked with a red dot on the zeroline."

Understand that the cross of the 45 means nothing until the bar has completed, whether it be a 5 min bar chart or 377 tick bar or any other. If, after the close of the bar, the CCI bar has a value of 45 or -45 and you are not in a trade, it could be at a price at which to take a trade. Still, one must pay attention to the price now from where it has come and where it is in relation to the BBs and the strength of the market, if it is in a trend, and the length of the bar from which one is trading. This is another point of which I may not have mentioned. In a long bar, whether it be on the second green or red bar or 5th countback bar or 1st CCI bar with a value of >45 or >-45, do not take the trade until a retracement of 1/2 of the bar within 3 bars. This prevents chasing markets, of which I have warned. You will need to study the charts for some time to see the complete system. A good trader will begin to see all I have explained and avoid most losses once they have seen enough charts. I don't believe one can write all the perameters required to trade this system. The computer between the ears is much better at seeing the trades.....trust me.
WK

I fully understand and never intend for this indicator to be anything other than an academic exercise to make sure we are numbering the bars correctly. Anyone using it for anything other than that is on their own. Also, I didn't mention this but barclose is what this numbering is based on.

Thank you for your time to explain and give your disclaimer.

Mike

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  #84 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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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.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #85 (permalink)
 bluemele 
Honolulu, Hawaii
 
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MWinfrey View Post
ESFXtrader_CCIBarCounter is an indicator I wrote to count the bars as described by ESFStrader. This version is intended to be an academic exercise to determine if I'm counting them correctly. The counting begins when the CCI crosses the +45 or -45. CCI crosses above the +45 are marked with a green dot on the zeroline and CCI crosses below the -45 are marked with a red dot on the zeroline.

There are no filters applied in this version. So, when the CCI crosses the +45/-45, counting begins and will continue with the 5th bar is reached. This means that there may be times when you see barcounts going on above and below the line at the same time. Don't be alarmed by that. Just keep looking at it and see if I am counting correctly. Green numbers are counting the number of bars since the green dot. Red numbers are counting the number of bars since the red dot.

Do you remember your teacher telling you to show your work? That's what I'm doing in this indicator. Every bar starting at 1 gets a number until 5 is reached. This way you can see what happens at each bar.

Again, this is an academic exercise to make sure I'm counting the bars correctly. Please don't get into the aesthetics of the indicator. That will come if this turns into a useful tool. It may not beyond what it already is because that would mean I have to code entry rules.

This indicator is exported for NT7 only. Please don't ask for one that is for nt 6.5 . That will come after I'm sure the numbering is right.

Mike

This works for me. Just an indicator to mark +45,-45 upon first break.

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  #86 (permalink)
 bluemele 
Honolulu, Hawaii
 
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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.

What is "ZScore"?

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  #87 (permalink)
 sleepy 
London, UK
 
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MWinfrey View Post
ESFXtrader_CCIBarCounter is an indicator I wrote to count the bars as described by ESFStrader.

Nice work, Mike. Makes it much easy/faster to see possible exits.

Is it possible to also create an indicator that displays entrys (arrows) on the price chart when the CCI crosses the +45/-45? Along with the option of an audio alert (i.e., similar to how you did the JMASignals_v7).

sleepy

 
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  #88 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
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sleepy View Post
Nice work, Mike. Makes it must easy/faster to see possible exits.

Is it possible to also create an indicator that displays entrys (arrows) on the price chart when the CCI crosses the +45/-45? Along with the option of an audio alert (i.e., similar to how you did the JMASignals_v7).

sleepy

While at it, why not modify the original CCI NT7 indicator in order to make it more sexy by adding some dazzling color schemes, green when crossing the primary positive threshold, red when crossing the primary negative threshold, gray when in between both primary thresholds. Using the histogram bar style by default would be cute.

 
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  #89 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
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WOW Mike!

It would seem there is nothing you can't do in your writing codes on indicators- pretty sophisticated....from identifying direction and strength in the markets to the sexy voice to say buy and another to say bye.....its all good. I have never written code. I'm not sure code can weigh the value of volume, strength of trend, price location in reference to where its been and to BBs, and the support and resistance areas, not to mention divergence and long bar moves and certain continuation bounces off the 20 and 31 EMAs and There is one more thing I will cover when I have the time that I have not seen mentioned to date. Just wait....so much going on.
Your code writing is amazing.
Thanks for the excellent effort, as many traders can use it and simplify their trading until the trades jump off the charts.
WK

 
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  #90 (permalink)
 jdella 
Concord, NH USA
 
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MWinfrey View Post
ESFXtrader_CCIBarCounter is an indicator I wrote to count the bars as described by ESFStrader. This version is intended to be an academic exercise to determine if I'm counting them correctly. The counting begins when the CCI crosses the +45 or -45. CCI crosses above the +45 are marked with a green dot on the zeroline and CCI crosses below the -45 are marked with a red dot on the zeroline.

There are no filters applied in this version. So, when the CCI crosses the +45/-45, counting begins and will continue with the 5th bar is reached. This means that there may be times when you see barcounts going on above and below the line at the same time. Don't be alarmed by that. Just keep looking at it and see if I am counting correctly. Green numbers are counting the number of bars since the green dot. Red numbers are counting the number of bars since the red dot.

Do you remember your teacher telling you to show your work? That's what I'm doing in this indicator. Every bar starting at 1 gets a number until 5 is reached. This way you can see what happens at each bar.

Again, this is an academic exercise to make sure I'm counting the bars correctly. Please don't get into the aesthetics of the indicator. That will come if this turns into a useful tool. It may not beyond what it already is because that would mean I have to code entry rules.

This indicator is exported for NT7 only. Please don't ask for one that is for nt 6.5 . That will come after I'm sure the numbering is right.

Mike

Mike you are amazing at programming, I am truly jealous of you guys that make it look so easy. Kudos to you!!!

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 trendisyourfriend 
Market Wizard
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Mike i tested it and it behaves as explained by the author. Well done.

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  #92 (permalink)
 MWinfrey 
Lubbock TX
 
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Gee fellas...let's not get carried away with all the excitement. I appreciate all your encouragement and praise. I probably won't be able to write anything else because my head is so swollen. However, I'd like a critical eye on the numbering to make sure it's right. trendisyourfriend already gave his evaluation. Would like a couple more before I do much more and find out we have a problem.

Currently, it marks the bar where the crossing occurs. I don't see any point in doing anything else there, at least not yet. We don't have enough in the way of entry rules yet to do anything more. Each trader needs to evaluate the bars that are marked to determine if you want to enter or sit on your hands. So marking anything beyond what I've done is a bit premature in my opinion.

 
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  #93 (permalink)
 MWinfrey 
Lubbock TX
 
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trendisyourfriend View Post
While at it, why not modify the original CCI NT7 indicator in order to make it more sexy by adding some dazzling color schemes, green when crossing the primary positive threshold, red when crossing the primary negative threshold, gray when in between both primary thresholds. Using the histogram bar style by default would be cute.

I've tried that sort of thing before and to my knowledge you can't paint bars like that. When you color a bar, the whole bar gets the color and that's it.

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  #94 (permalink)
 MWinfrey 
Lubbock TX
 
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ESFXtrader View Post
WOW Mike!

It would seem there is nothing you can't do in your writing codes on indicators- pretty sophisticated....from identifying direction and strength in the markets to the sexy voice to say buy and another to say bye.....its all good. I have never written code. I'm not sure code can weigh the value of volume, strength of trend, price location in reference to where its been and to BBs, and the support and resistance areas, not to mention divergence and long bar moves and certain continuation bounces off the 20 and 31 EMAs and There is one more thing I will cover when I have the time that I have not seen mentioned to date. Just wait....so much going on.
Your code writing is amazing.
Thanks for the excellent effort, as many traders can use it and simplify their trading until the trades jump off the charts.

WK

Thanks...but there have been plenty of things I've wanted to get into code but were too complex for me to get done. My goal with any coding project is to make things easier to see and shorten the evaluation time and minimize mistakes taking entries.

We'll see where this road takes us.

 
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 ThatManFromTexas 
Houston,Tx
 
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bluemele View Post
What is "ZScore"?

An indicator someone posted in the Elite DownLoads. I added the background coloring. Are we in the "Elite" area? I can never tell. If we are I can post a copy of it.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
 
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  #96 (permalink)
 Big Mike 
Site Administrator
Swing Trader
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ThatManFromTexas View Post
An indicator someone posted in the Elite DownLoads. I added the background coloring. Are we in the "Elite" area? I can never tell. If we are I can post a copy of it.

Look at the top of the page. If the hierarchy doesn't list "The Elite Circle", you aren't in the Elite area. This thread is not Elite for example.



Mike

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 bluemele 
Honolulu, Hawaii
 
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ThatManFromTexas View Post
An indicator someone posted in the Elite DownLoads. I added the background coloring. Are we in the "Elite" area? I can never tell. If we are I can post a copy of it.

Thanks, I don't believe we are....

Visit my futures io Trade Journal
 
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  #98 (permalink)
 Big Mike 
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bluemele View Post
What is "ZScore"?

Here you are:


(Elite required to view)

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
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  #99 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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trendisyourfriend View Post
While at it, why not modify the original CCI NT7 indicator in order to make it more sexy by adding some dazzling color schemes, green when crossing the primary positive threshold, red when crossing the primary negative threshold, gray when in between both primary thresholds. Using the histogram bar style by default would be cute.

That is available in the Elite area.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #100 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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Big Mike View Post
Look at the top of the page. If the hierarchy doesn't list "The Elite Circle", you aren't in the Elite area. This thread is not Elite for example.

Attachment 27730

Mike

Thanks Mike. I get lost a lot. I usually pen my address to my shirt in case I wander off.


bluemele View Post
Thanks, I don't believe we are....

It is pretty painless to become Elite if you aren't already.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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