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

  #411 (permalink)
Elite Member
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Hi guys,

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

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

 
  #412 (permalink)
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Azrael View Post
Hi guys,

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

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

Why not time charts ?

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

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

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



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

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

Attached Thumbnails
TF trading using CCI method-it works-cci-tf-trades-12-20-10a_copied.png   TF trading using CCI method-it works-tf-377tick-12-2-10_copied.png   TF trading using CCI method-it works-tf-377tick-12-1-2-10_copied.png  
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  #414 (permalink)
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linkage is not working for some reasons

@ESFXtrader

linkage does not seem to work for some reasons.

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


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


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

Sorry that the search ID doesn't continue to work.You can click on my name and hit the Statistics button to see my posts or

https://futures.io/commodities-futures-trading/23195-cl-crude-oil-futures-contract-day-trading-edge-multiple-charts.html
https://futures.io/options-cfd-trading/7599-day-trading-options.html
https://futures.io/forex-currency-trading/21968-day-trading-currency-futures-w-multiple-time-frames.html
are some.
WK

 
  #416 (permalink)
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TF trading using CCI method - it works (for some)

I see it's been 3-months since I posted on this thread.

It was requested that I provide a photo of my set-up. That's below in Attachment #1. The cables are unsightly. I'd like to lower the whole set-up 6-7 inches. I find I don't look at the upper monitors as often, hence an overlay from the upper to the lower.
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In each Chartbook I follow 3-issues, all 4X. There are 3-"time-frames" for each issue, 2 of them are visible at all times, the CCI indicator on the 3rd (hidden) is shown in Region 3 of the 2nd chart (upper monitor).

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

Attachment #2 is a EURJPY using a .170 Range Bar value. I use the CCI with values of 50 and 14. I find the 50-CCI going over +100 is significant so with the help of others I've been able to have the color change automatically. When the 14-CCI hooks upward and the 50-CCI is above +100 I get a purple arrow at the Zero Line in Region 2.
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Generally I find that if I want to get an entry in an uptrend, if there have been 3-Down Closes followed by an Up Close, that's a good signal yielding a minimum of 20-pips. 85% of my trades are limit orders. Those signals are shown by the light purple (?) Up Triangle. Those generally provide an extra 5-pips. The opposite applies to a Down-Trend.

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

The 3rd attachment is the Range Bar equivalent of a 60-minute chart. It sits above the "lower time frame" monitor and has it's own signals that I monitor. The 50-CCI and 14-CCI from that chart are in Region 3 in Attachment #2. In Attachment #3, the 3rd region shows the CCI study for the equivalent 240-minute chart that stays hidden except Sunday afternoons when all charts get updated.
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It's a work in progress. In 6-months it may be very different but for now I'm pleased with what this "method" shows me. Mostly what I try to do is refine my Spreadsheet formulas. Reading forums teaches me things that stimulate ideas. I should join a health club.

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

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  #417 (permalink)
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CCI Bar Countback Method

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

With Gratitude,
John


Last edited by JohnPiper; December 13th, 2013 at 09:43 PM.
 
  #418 (permalink)
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ESFXtrader View Post
Although this is for TF futures, it works as well for all futures. My setup includes double BB at 20, 2 and 2.5; 20, 31, & 62 EMAs; Stochastics Slow of 6,5,3 and 8,3,3 on same plane as price; and most important, is the CCI (Commodity Channel Index) at 14, -45, 45 on a histogram display. I go long (Buy)on the first CCI bar that closes over 45 or Short (Sell) on the first CCI bar below -45(-45 to -200) You can use it to trade everything on any time frame. Once you have looked at enough charts on this setup, the trades and its accuracy will be clear. Trading just the TF on 12-20-10, there were 8 winning trades and no loses for a total of 132 ticks. There is one other aspect of my CCI trading I have not yet disclosed and you can pick it up after looking at the level of the CCI bars and there relationship to one another at reversals. I promise you, this is a winning system. I should add that this works on continuation trades and reversals. Trade with the trend on continuation trades and against the trend on reversals. Particularly on the reversal trades, move the stop to protect gains, as the market can always continue in its original direction and trend, but most often it does not until the CCI shows it is. I use the 20SMA, 20EMA, 31EMA to show the trends. The 20SMA is found in the BBs. My first trade shown above was a short of TF at 9:56 @ 780.4 which was closed @ 777.30 @ 10:15AM.
TF trading on 12/20 using 377 Tick: Sale (S) @ 780.4 @ Close(C) of bar @ 9:56AM & C @ 777.3=31 ticks; S @ 777.6 & C @ 776.6=10; Buy (B) @ 778.1 & C @ 779.8=17; B @ 779.9 & C @ 781.4=15; S @ 784.2 & C @ 781.5=27; B @ 781.5 & C @ 782.3=8; S @ 780.9 & C @ 778.5 (@ 4:14PM)=24 for a total of 132 ticks.
Hope that helps, as that is a big clue. Let me know what you think. By the way...this is my system and it uses very little of any other system I have ever seen. This has been perfected after many many hours on charts. My system, as you will see in time, is worth a fortune.
WK

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

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

"CCI Countback Method
Hi,

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

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

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

Attached Thumbnails
TF trading using CCI method-it works-tf2014-03-24.png   TF trading using CCI method-it works-tf2014-03-24_001.png   TF trading using CCI method-it works-tf2014-03-24a.png   TF trading using CCI method-it works-tf2014-03-24b.png   TF trading using CCI method-it works-tf2014-03-24c.png   TF trading using CCI method-it works-tf2014-03-24d.png   TF trading using CCI method-it works-tf2014-04-04.png  
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  #420 (permalink)
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ESFXtrader, what EMA you are using currently on your Renko or range/ticks bars? And how you define bull/bear trend?


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