TF trading using CCI method-it works

January 16th, 2011, 11:48 AM

cory

the bar count is hard to understand because some bars are not counted, but one you understand you are looking for down slopes (or not up slope to be more precise) you just simply ignore the bar that cause up slope condition.

Cory's count seems easier to grasp:

January 16th, 2011, 11:48 AM

cory

the bar count is hard to understand because some bars are not counted, but one you understand you are looking for down slopes (or not up slope to be more precise) you just simply ignore the bar that cause up slope condition.

Thanks Cory and TMFT,

The count is clear now. All it tells me (I assume) is that the momentum in your direction is weakening and you may need to exit the position. This is similar to exiting a position when CCI crosses the major support and resistant levels at 100 and -100 or zero in Woodies CCI where all the entries and exits are based on CCI patterns and levels.

January 16th, 2011, 12:19 PM

cory

au contraire, take Exp: 200, 195, 185, 150, 148, 160, 120, 50: is a down count.
connect 146 to 160 you get an up slope that is why it is ignore. 4 consc down slopes are:
120-50
160-120
185-160
195-195

Bar Count ......1..................2...................3....................4..................5
CCI Values 200,195,194,199,195,194,198,195,194,197,195,194,196
Slopes ...............................D...................D...................D.................D

Bar Count ......1..................2...................3....................4..................5
CCI Values 200,195,194,199,195,194,198,195,194,197,195,194,196
Slopes ............................U..................U..................U....................U

Bar Count ......1..................2...................3....................4..................5
CCI Values 200,195,194,199,195,194,198,195,194,197,195,194,196
Slopes ..............D.....D....U.....D...D.....U....D....D....U....D....D.....U

I see what you were saying, but you would still have to know how to do the bar count to know which bars to ignore.

I vote that everyone use Mike's super cool , headache preventing indicator!

January 16th, 2011, 01:10 PM

ThatManFromTexas

Bar Count ......1..................2...................3....................4..................5
CCI Values 200,195,194,199,195,194,198,195,194,197,195,194,196
Slopes ...............................D...................D...................D.................D

Bar Count ......1..................2...................3....................4..................5
CCI Values 200,195,194,199,195,194,198,195,194,197,195,194,196
Slopes ............................U..................U..................U....................U

Bar Count ......1..................2...................3....................4..................5
CCI Values 200,195,194,199,195,194,198,195,194,197,195,194,196
Slopes ..............D.....D....U.....D...D.....U....D....D....U....D....D.....U

I see what you were saying, but you would still have to know how to do the bar count to know which bars to ignore.

I vote that everyone use Mike's super cool , headache preventing indicator!

I 2nd that. Gotta love Mike. Let the indicator bashers count the bars... I suppose they wouldn't be using CCI if they were true indicator bashers

January 16th, 2011, 02:04 PM

monpere

I 2nd that. Gotta love Mike. Let the indicator bashers count the bars... I suppose they wouldn't be using CCI if they were true indicator bashers

I don't have a dog in this fight, I don't use ESFXtrader's system. I was just trying to answer the folks that asked if someone could explain how ESFXtrader said it worked.

Thanks Cory for offering a different insight. I had never thought of it in terms of slope.

January 17th, 2011, 07:09 AM

My indicator counts the bars the way Cory explained it. It just looks back keeping track of the last 5 highest bars if above the +45 OR last 5 lowest bars if below the -45. It quits counting when it reaches 5 or the CCI goes past the opposite 45. Simple as that.

January 17th, 2011, 08:45 AM

MWinfrey

My indicator counts the bars the way Cory explained it. It just looks back keeping track of the last 5 highest bars if above the +45 OR last 5 lowest bars if below the -45. It quits counting when it reaches 5 or the CCI goes past the opposite 45. Simple as that.

However it does it, your indicator can save a lot of folks from a headache.

Personally... I rather count money anyway....

January 17th, 2011, 02:48 PM

Some info regarding the CCI coupled with supply/demand by the master of supply/demand himself:
Lessons from the Pros - 12/21/2010 Issue - Featured Article: Logic, Rules and Indicators

January 20th, 2011, 02:11 AM

The following is an example of an ES short trade on the 633 tick chart using the CCI method as described.

January 20th, 2011, 01:00 PM

Thanks for sharing this method with us ESFXTrader, I think it is great! I have added my own little twist by adding a second CCI as well with a higher value (79 or 100) and look for the dual confirmations of the CCI 14 break of +/- 45 as well as directional confirmation from the higher value CCI... results are looking good.

I need to become more familiar with the BB as it seems to provide you some great additional context for the trade. Thanks for sharing your ideas on futures.io (formerly BMT).

My goal is 1 net point per day on the TF.

- Ticker

TF trading using CCI method-it works

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TF trading using CCI method-it works