Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
ESFX - appreciate for posting all the charts with good markings/text.
can you pl add date to the chart as TS chart is hard to see the date. You have marked on some, but some dont have dates, so hard to compare with my chart. Thks
"ESFX - appreciate for posting all the charts with good markings/text.
can you pl add date to the chart as TS chart is hard to see the date. You have marked on some, but some dont have dates, so hard to compare with my chart. Thks"
I will check those where the date is not shown on the bottom or notated and repost with the date ASAP. Here is a test for the day. See attached chart on TF. See if you who follow this thread can explain the trades on your chart. I will do so later.
Good trading.
WK
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. …
indicator I wrote to count the CCI bars seems to be working really well. In fact, I'm finding that instead of getting out when you get the #5, stay in unless bar #5 is below the -45 for longs and above +45 for shorts. And yes, I mean -45 for longs and +45 for shorts. That doesn't give up much if the trade goes against you but keeps you in for those long runs. I'm using a 3 tick range bar on 6e and cl for this study. Don't know how this will work with different chart types.
Thanks!!!
I was hoping to see someone actually using the method to see just that, as I had held that back to see who was going to find it. Congrats!!!!!!!
WK
Some traders prefer to hold for the entire move. Actually, the best approach is to trade multiple contracts and close some portion as first described and hold the others for the big moves. After the pullback, you can re-enter those sold for more profits. You will frequently see the pullbacks to the 20SMA, the mid BB, which is often a good re-entry. When the pullback continues to where the value of the CCI bar does not reach 45, you may already be out, if you have a proper trailing stop. Each market is different and required a different trailing stop, assuming one chooses to use one. I believe that everyone is getting the idea that my system is as fexible as you choose to make it, and is always profitable, if you stick to the setups.
Thanks for all those great inputs that have made this thread so good.
WK
