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

  #41 (permalink)
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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.

 
  #42 (permalink)
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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.

 
  #43 (permalink)
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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.

 
  #44 (permalink)
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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. ;-)

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

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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  #46 (permalink)
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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!"
 
  #47 (permalink)
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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?

 
  #48 (permalink)
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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!"
The following 2 users say Thank You to ThatManFromTexas for this post:
 
  #49 (permalink)
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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

 
  #50 (permalink)
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ESFX

can you post a template here with your settings


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