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TF trading using CCI method-it works
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TF trading using CCI method-it works

  #171 (permalink)
Trading for Profit
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TF trading using CCI method-it works

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iagainsti
iagainsti,

It's as though you only caught some of the posts within this thread. Go back and see the posts on BBs to help understand when they would likely be taken as the priority setup for entry. Often, the consecutive price bar gets you in early in a reversal trade and is comfirmed by either the CCI countback or the 1st CCI bar >-45 or 45.
The comfirmation can be on the same bar or the next bar. You decide which entry is best for you to trade.
Although there may be several possible entries, each which can be winners, the best entry allows one to move the stop to better than breakeven quicker, which will also help prevent a loss. You should have very few losses once you see and understand all the entries I have notated in my posts.
As far as the 5 min chart, that is for those who do not use the tick chart or is another proven example that one can trade and shows the system's versitility. I explained my preference is the 377 tick.
I hope this helps you understand that you can make this your system, if you choose, and you can tweek it to suit your trading.

WK

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  #172 (permalink)
Just starting out...
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Thank you, WK, for taking the time to answer my questions. Although I have looked over all of the posts, it will likely take some time to get my head around it all.

Do you use any stop loss for your trades in the event of an immediate reversal?

Should you have the time, I would love to see the proper exits and entries for today. I was unable to compare your other charts as my trading platform (ORC trader) doesn't provide tick chart data back more than a few days.


Thanks again!

 
  #173 (permalink)
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iagainsti View Post
As a newbie here, I just wanted to see if I'm the only one who is confused by this method.

At one point we're told to look at a 377 tick chart for the TF, then a few posts later, it's a 5 minute chart at, 1 am?

At any rate, I have no doubt that the OP uses this successfully, but my rational brain need to codify things a bit more.

So, we go long on CCI+45 and short if CCI-45?
Exit based on the 5 bar countback

OR

Two candles in opposite direction of trade

OR

Outside BB touch

Either of the above can possibly be reversal entries. They can also be stand alone entries?

Not clear on stop loss for any of these. One point?

It might help not trying to absorb all of it at once. I tell new traders to only concentrate on the trades that are with the trend. When they get that part down, they can start learning when to trade counter trend . I personally don't take counter trend trades. It's up to each traders trading style.


emini_Holy_Grail View Post
TMFT

On CCI 45/-45 entries, how do you filter trades. look at trend based on EMA, like 89 EMA or 50 or 200

or just lOok at higher CCI, like CCI 100?

I don't use the CCI 45/-45 system , so I can't help you with that one. I'm sure ESFXtrader can give you insights on how his system works.

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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  #174 (permalink)
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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.

Good evening. What instrument and chart type have you had success with this method on? I threw together something with strategy wizard (attached) and could not back-test a profit so far. Thanks for any more info...

Attached Files
Register to download File Type: zip Test1.zip (11.0 KB, 67 views)
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  #175 (permalink)
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TF trading using CCI method-it works

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iagainsti
iagainsti,
Do you use any stop loss for your trades in the event of an immediate reversal?
He who does not use any stop may not live to trade again. I most often prefer a 10 tick stop for ES & TF, but that increases when the volitility is high.

AND

entry on CCI bar >-45 or 45 with BB
ESFX
can you help on something here,

beside 5 count and CCI bar >-45 or 45. How do use BB to entry or filter trades/
also is 5 count just for exit and NOT re entry?

I did go thru posts, but still not clear. appreciate your response

The multiple entries offer many opportunities for those who might have missed the best entry. I prefer to always take the best known entry at any given price action. Obviously, we can't see the future action, but most of the trades are pretty easy to catch early on and are confirmed by another indicator &/or divergence. The chart on TF of today should help you understand what I am looking to trade. Remember that outer BB usually offers the best entry, but when it rides the outer BB, there is no entry until a retracement and continue back to it. Many of the best trades will never make it to the outer BB and reverse the trend and that is why the other entries are so important to the system. Each entry described will show up each day on several occasions. The more you get comfortable with what I have notated, the more quickly the trades will jump off the charts for you.
I use the 5 countback for both entries and exits. I must not have made it clear.

Check the action for today and see if you would have taken these trades:
@8:35-L@780.6 & C @782.7 @9:33-S@781.1 & C @778.9
@9:34-L@778.8 & C @783.6 @9:48-S@783.3 & C @777.7 (candlestick) or 776.0 @ Divergence reversal
@9:59-L@776.0 & C @781.0 @10:14-S@781.0&C @780.7 or a Max of 777.8
@10:24-L@780.7&C @782.7 @10:33-S@783.5&C @779.8
Total # of ticks counting the lower net total shown above is 257 ticks. If you got only 80% of the lower total,
you still made 205 ticks in 8 trades. That gets you out of the market by 11AM.
Maybe that gives you some idea of how well this system can work.

WK

Attached Thumbnails
TF trading using CCI method-it works-tfh11_377_tick_1-10-11.png  
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  #176 (permalink)
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  #177 (permalink)
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fluxsmith View Post
Good evening. What instrument and chart type have you had success with this method on? I threw together something with strategy wizard (attached) and could not back-test a profit so far. Thanks for any more info...

I have NEVER found a correlation between back testing and actual results, with either Trade Station or Ninja Trader. I record all the trades manually in Excel. Attached is a spread sheet for TF for Dec 2010. You should be able to match up the trades in Excel with Ninja Trader charts for TF 12-2010 for first 15 days and TF 3-2011 for the rest of the month.

In the attached Excel book are two sheets, Unfiltered and filtered using Ema's 5,13 .

You can PM me with other questions.

Please try and keep the discussion in this thread focused on ESFXtraders system so the Mods don't boot my carcass out of here.

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

My daddy always said, "Every day above ground is a good day!"
Attached Files
Register to download File Type: xls DualEma.xls (162.5 KB, 136 views)
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  #178 (permalink)
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ESFXtrader_CCIBarCounter_v4

Thanks for the exelent indicator, can you put some sound on the dots?
thanks

 
  #179 (permalink)
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ESFXtrader View Post
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iagainsti
iagainsti,

It's as though you only caught some of the posts within this thread. Go back and see the posts on BBs to help understand when they would likely be taken as the priority setup for entry. Often, the consecutive price bar gets you in early in a reversal trade and is comfirmed by either the CCI countback or the 1st CCI bar >-45 or 45.
The comfirmation can be on the same bar or the next bar. You decide which entry is best for you to trade.
Although there may be several possible entries, each which can be winners, the best entry allows one to move the stop to better than breakeven quicker, which will also help prevent a loss. You should have very few losses once you see and understand all the entries I have notated in my posts.
As far as the 5 min chart, that is for those who do not use the tick chart or is another proven example that one can trade and shows the system's versitility. I explained my preference is the 377 tick.
I hope this helps you understand that you can make this your system, if you choose, and you can tweek it to suit your trading.

WK

You should add a 'quick summary post' (post #2) on the thread and specify there all the rules of the system in bulletted form, and any associated customized indicators, then you just update that post with answers to commonly asked or repeatedly asked questions. If is difficult for people to understand the entire system when they have to pick up some of the rules bit by bit and by various 'clues', over many different posts over many pages of posts. Otherwise, you will keep getting the same questions over and over again from everyone who first discovers the thread, and it will get worst, as the thread grows. until it will totally get on your nerves I myself don't fully understand all the rules, but I don't want to read 200 posts 3 times to make sure I pick up everything. I prefer to wait for the new thread readers to ask the questions I have and read the answers, cause I know they will ask them

 
  #180 (permalink)
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monpere View Post
...I prefer to wait for the new thread readers to ask the questions I have and read the answers, cause I know they will ask them

We can see how strategic you are. A strategic thinker can quickly recognize the chaos they have to navigate. Sometimes the best move is to not move and wait. Good observation monpere.


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