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

  #11 (permalink)
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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?

 
  #12 (permalink)
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TF trading using CCI method-it works hoeman

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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  #13 (permalink)
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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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TF trading using CCI method-it works

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.

 
  #15 (permalink)
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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 }

 
  #16 (permalink)
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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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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

 
  #18 (permalink)
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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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TF trading using CCI method-it works

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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  #20 (permalink)
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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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