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Quoting xiaoxin13
I like this trading system, but why keep adding indicators?
which picture shows that?
ITB - Seeking Orderliness amongst 'Randomness'
Hi,

I took one trade today and it made it to the 1:1 target; unfortunately I had chosen a 2:1 target. When price reached 1:1 I moved my stoploss to BE and price retraced to take me out 1 pip in profit.

So all in all a very good day for 2 reasons: first, I now have further evidence that the system works quite well; and second, I've decided to place all my targets at 1:1 until I come across a good reason to change that.

Cheers,
pipShine
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Hi,

The GbpUsd has been active even after the close of the London session so I decided to re-enter. I saw a reasonable set-up so I took it. And I set my target to 1:1. And I hit my target.

I like this system!

Cheers,
pipShine
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Quoting pipShine
So all in all a very good day for 2 reasons: first, I now have further evidence that the system works quite well; and second, I've decided to place all my targets at 1:1 until I come across a good reason to change that. Cheers, pipShine {image}
hi
i noticed that you have come to realise that the moving averages more or less telling the same story as cci, just a different visual.
personally i find that sma is more reflective of cci. if price moves down sma14, cci 14 moves down the zero line.
likewise with sma100/cci100. cci has a further advantage of showing divergence.
starting off with rr 1:1 is good. if you want to explore further 1:1.5 or 1:2 when you are more conversant, you can test taking partial profit at 1:1 and then sl at be and let the rest run. or even trail sl above sma14.
just a suggestion.
ITB - Seeking Orderliness amongst 'Randomness'
Quoting pipShine
Hi, I took one trade today and it made it to the 1:1 target; unfortunately I had chosen a 2:1 target. When price reached 1:1 I moved my stoploss to BE and price retraced to take me out 1 pip in profit. So all in all a very good day for 2 reasons: first, I now have further evidence that the system works quite well; and second, I've decided to place all my targets at 1:1 until I come across a good reason to change that. Cheers, pipShine {image}

Nice going, I managed to snag Three today from GU

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From tiny pips mighty oaks grow
Quoting Inthebox
{quote} hi, i noticed that you have come to realize that the moving averages more or less telling the same story as cci...
Hi Inthebox,

Actually, no, I hadn't seen the relationship - thanks for pointing it out. Especially about the 14SMA and the 100SMA - and about trailing a stop along the 14SMA.

And, yeah, I'm definitely going to stick with 1:1 targets until I get some consistency...

Cheers,
pipShine
Quoting Boo15
{quote} Nice going, I managed to snag Three today from GU {image}
Nicely done, Boo15! It's nice to know that I'm seeing the same opportunities that you are. I might just get the hang of this yet...
Hi guys,
I am new here, first of all, thank you whatever and other members for this thread. I took the trade today following the guidelines, unfortunately, i hit the stop loss (loss happens). Here is what i did, 1. cci crosses 100 2. BO resistance 3. Double top 4. checked divergence, one more thing i didn't wait for BO box maybe that's why it went wrong? i am not sure. I just want to make sure that i properly understand the strategy or not and if anyone shows me some light, i would really appreciate it. Thank you
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A meeting that was never meant to happen
Quoting Barsh
I just want to make sure that i properly understand the strategy or not and if anyone shows me some light, i would really appreciate it. Thank you {image}
your situation was the same as someone i responded earlier. always look left for support and resistance zone.
explanation by hindsight.
1. higher time frame h1 was in a downtrend. the area where you took a buy was heading for a resistance zone.
2. m5 earlier showed a good buy.
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ITB - Seeking Orderliness amongst 'Randomness'
Quoting Inthebox
{quote} your situation was the same as someone i responded earlier. always look left for support and resistance zone. explanation by hindsight. 1. higher time frame h1 was in a downtrend. the area where you took a buy was heading for a resistance zone. 2. m5 earlier showed a good buy. {image} {image}
Thank you Inthebox for taking your time to explain me, I get it now, I need to watch overall trend and support/resistance as well. Thanks again
A meeting that was never meant to happen
my following observations may or may not help.
cci is a momentum indicator, use it as such, as in this thread. some use it as overbought/oversold indicator.
i am explaining the first situation as per numbering in the pictures.

1. when cci crosses the 100/-100 line, it shows momentum.
after quite a while cci came down to -100 -> so i am looking for a sell.
2. cci 14 crosses back up -100 but not +100 -> tells me that there is more momentum on the down side.
3. down trend fades out when when cci 14 crosses up +100. cci 100 crosses back up -100.
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ITB - Seeking Orderliness amongst 'Randomness'
if one does not know how to read candlestick price action which will give the best entry, the next best thing is learn to know the characteristics of an indicator as much as possible like the back of your hand.

coming this far, i have already "tell it all". so apply diligently yourself.

cheers
ITB - Seeking Orderliness amongst 'Randomness'
Quoting Inthebox
if one does not know how to read candlestick price action which will give the best entry, the next best thing is learn to know the characteristics of an indicator as much as possible like the back of your hand.
Thank you inthebox, it makes sense now.I am just looking old charts with CCI 100/14 to understand this setup. About price action, digging some price action threads here. But honestly this is best strategy with ondicatoi I came across so far. I am going to practice this strategy in demo account before moving back to live.Thanks again happy trading
A meeting that was never meant to happen
Is this a true setup to get in on next 30 mins ( after LO ) ?
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that was quite a strong one
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ITB - Seeking Orderliness amongst 'Randomness'
Quoting vivaldi2
Is this a true setup to get in on next 30 mins ( after LO ) ? {image}
i got it in the m5. m15 also at same entry.
at the moment getting the retrace at brn 1.9150.
ITB - Seeking Orderliness amongst 'Randomness'
Quoting Inthebox
{quote} i got it in the m5. m15 also at same entry. at the moment getting the retrace at brn 1.9150.
you entered before LO ?
Quoting vivaldi2
{quote} you entered before LO ?
15 min before LO
ITB - Seeking Orderliness amongst 'Randomness'
Here is another one just after LO :
( any comment ? )
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Quoting vivaldi2
Here is another one just after LO : ( any comment ? ){image}
looks good to me. also from m30 to d1
only thing might be a bit of problem if m15 cci drop below zero line. but it's having htf back up.
ITB - Seeking Orderliness amongst 'Randomness'
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