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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.
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://nexusfi.com/search.php?searchid=1490669
Good trading.
WK
PS Sorry I missed this until now.
Try as you may and you will not find a better entry than this and it is confirmed on at least 3 charts that I always have up. The one change is on CL, I use 10 tick (r) instead of 6 tick (r) on most other futures' contracts. The other 2 charts are …
Day Trading Options
As promised, this will be the first of several threads on trading options. I will include my very safe Diagonal Spread Trading (of which I have had no losses for a long time) and Adjustments in later threads.
I hope there are some …
For those interested, I am not here often and thought I would show you my new and improved system.
I trade off the BBs, the Green MA, and the 2 MAs, as you will see in the screen shots of the charts. This is from the Charts at Danials Trading. I have …
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.
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.
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.
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
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?
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
