Reversal Pattern using CCI, Stochastics, Divergence, SR level - Traders Hideout | futures io social day trading
futures io futures trading


Reversal Pattern using CCI, Stochastics, Divergence, SR level
Updated: Views / Replies:8,317 / 12
Created: by Saroj Attachments:3

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 3  
 
Thread Tools Search this Thread
 

Reversal Pattern using CCI, Stochastics, Divergence, SR level

  #1 (permalink)
Elite Member
Arcata, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: index futures, oil
 
Saroj's Avatar
 
Posts: 482 since Jun 2009
Thanks: 223 given, 390 received

Reversal Pattern using CCI, Stochastics, Divergence, SR level

Reversals either direction often occur on these conditions:
- The CCI ghost with a cross of the 100 level.
- Support/Resistance: BB cluster or any other strong SR level.
- Divergence: in this case price vs. Stochastics AND CCI

First entry should only be a scalp; wait for retest and clearing of next S/R to take a trend type entry.

Reversals are always tricky to trade; be prepared to bail at any sign of continuation of the trend.

Attached Thumbnails
Reversal Pattern using CCI, Stochastics, Divergence, SR level-cci-stochastics-reversal-pattern-es-2009-06-19.png  
Reply With Quote
The following user says Thank You to Saroj for this post:
 
  #2 (permalink)
Elite Member
Arcata, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: index futures, oil
 
Saroj's Avatar
 
Posts: 482 since Jun 2009
Thanks: 223 given, 390 received

Some other trades on ZN 2006 06 19

Attached Thumbnails
Reversal Pattern using CCI, Stochastics, Divergence, SR level-cci-stochastics-tl-patterns-es-2009-06-19.png  
Reply With Quote
 
  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,557 since Jun 2009
Thanks: 29,629 given, 85,066 received


Nice mark up on the chart, Saroj.

Mike


Last edited by Big Mike; June 23rd, 2009 at 09:08 PM. Reason: removed rude comment :(
Reply With Quote
 
  #4 (permalink)
Administrator: Retired Backtester
 Vendor: speedytradingservers.com 
Rennes France
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
sam028's Avatar
 
Posts: 3,454 since Jun 2009
Thanks: 3,650 given, 4,123 received

Has the same idea, but was able to resist .
Woodie's CCI, DMA, STO, volumes, TA patterns, ouch .

Anyway, thx for sharing it Saroj.

Reply With Quote
 
  #5 (permalink)
Elite Member
Florida
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, NQ, NG
 
Posts: 467 since Jun 2009
Thanks: 1,393 given, 390 received


Saroj View Post
...
First entry should only be a scalp; wait for retest and clearing of next S/R to take a trend type entry.
...

Hello Saroj,
From your comment re: first entry to be a scalp...
When scalping, are you "legging-in" with less contracts and then adding when you see the bigger move?

Kirk

Reply With Quote
 
  #6 (permalink)
Elite Member
Arcata, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: index futures, oil
 
Saroj's Avatar
 
Posts: 482 since Jun 2009
Thanks: 223 given, 390 received

very funny... having 4 BB's definitely clutters up the price panel... but you get used to knowing what is important to look for... just like in traffic.. you have a general awareness of all of it, but are focused on the important things.

Reply With Quote
 
  #7 (permalink)
Elite Member
Arcata, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: index futures, oil
 
Saroj's Avatar
 
Posts: 482 since Jun 2009
Thanks: 223 given, 390 received

I don't Kirk... AIAO on 2 or 3 contracts for 3 ticks... then wait for the retest to do a full trade... rather than legging in, I'm more likely to enter 1 at the price at the trigger, then a limit lower and a enter stop order above a resistance area.

Reply With Quote
 
  #8 (permalink)
Elite Member
Arcata, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: index futures, oil
 
Saroj's Avatar
 
Posts: 482 since Jun 2009
Thanks: 223 given, 390 received

TA = technical Analysis.. not an indicator; no DMA; no more to watch than if driving or flying, teaching or any other complex task... doesn't seem a big deal to me.

oops.. you're right Sam on the DMA... I was experimenting with it... forgot it was there... isn't normally... my apologies.


Last edited by Saroj; June 23rd, 2009 at 09:07 AM.
Reply With Quote
 
  #9 (permalink)
Elite Member
Arcata, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: index futures, oil
 
Saroj's Avatar
 
Posts: 482 since Jun 2009
Thanks: 223 given, 390 received

ZN did two perfect reversal patterns today per the above... one at the start of the down move at 0234 ET and one at the start of the UP move at 0906... the BB's, CCI (ghost), and Stochastics all showed that highest probability was for a reversal... the essence of it is indicators at extremes at SR levels with a weakenng/failure pattern on the CCI. Other indicators like MACD & RSI would likely have shown the same thing.. I happen to be familiar with these.

As described in the first post, you scalp the first move - the CCI TL break - (wave 1) and keep a runner on the 2nd - the CCI ZLR/famir - (wave 3). Since wave 3 is often a complex wave (having 5 waves in itself), you can also reload your position on the pullbacks if there appears to be enough room before the next SR level.

Attached Thumbnails
Reversal Pattern using CCI, Stochastics, Divergence, SR level-reversal-pattern-extreme-weakness-zn-2009-06-23.png  
Reply With Quote
 
  #10 (permalink)
Elite Member
the congo
 
Futures Experience: Advanced
Platform: North sea oil rig
Favorite Futures: Cl
 
rassi's Avatar
 
Posts: 918 since Jun 2009
Thanks: 1,478 given, 1,144 received


Some very nice work Saroj, looks like ingos use of bands and very nice use of price action at extremes to find a reversal

this is basically how i trade and what i look for especially then a reversal on a low t/f is at the peak / trough of a high t/f pullback.

thanks for the charts!

Reply With Quote

Reply



futures io > > > Reversal Pattern using CCI, Stochastics, Divergence, SR level

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

September Journal Challenge (sponsored by TopstepTrader)

September

Free Elite Membership: Twitter Tuesday and Facebook Friday!

Tue & Fri
 

5 Top Traits of Market Wizards w/John Hoagland @ TopstepTrader

Sep 25
 

Breaking Down an Equity Trading System: Step-by-step w/RandBots

Sep 27

Anthony Drager (TBD)

Oct 4
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Time and Sales - Level I - Level II - tick data trendisyourfriend Traders Hideout 4 August 28th, 2014 12:14 AM
Need Level II and Level I realtime or historical data ptd26 Reviews of Brokers and Data Feeds 5 March 26th, 2010 03:27 PM
Historical SR GoldStandard The Elite Circle 2 March 1st, 2010 02:41 PM
Just2Trade Level I and Level II Quote Quality? ptd26 Reviews of Brokers and Data Feeds 1 February 10th, 2010 07:15 PM
CCL SR & CCLATRDonch - SR and expansion/contraction guages cclsys The Elite Circle 3 December 14th, 2009 09:13 AM


All times are GMT -4. The time now is 08:41 AM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-09-26 in 0.15 seconds with 15 queries on phoenix