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THE only Pattern

  • #7,421
  • Nov 9, 2018 4:29am Nov 9, 2018 4:29am
Quoting witowito
{quote} Are un in it? {image}
yes. eu ej gu gj. also au.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,422
  • Nov 9, 2018 5:23am Nov 9, 2018 5:23am
Quoting Inthebox
{quote} yes. eu ej gu gj. also au.
You'll be able to retire very soon indeed at this rate Inthebox!

Well I managed to get up early this morning but wish I had got up 15 mins earlier! Anyway managed to catch some of the drop (image) but missed the smaller second one after London open
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  • #7,423
  • Nov 9, 2018 10:24am Nov 9, 2018 10:24am
Where is everyone?

I had a fairly nice afternoon scalping EJ, GU and GJ - bears paradise! Don't know why but I prefer sell trades.

Guys have a look at this very nice video on using the CCI indi. I use it a lot and I find it very useful. I'm using the mtf version of course with push alerts which smooths out the signal line .

Inserted Video
  • #7,424
  • Nov 9, 2018 10:38am Nov 9, 2018 10:38am
Quoting Inthebox
{quote} yes. eu ej gu gj. also au.
tp. 6-7 hrs of accumulation.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,425
  • Nov 9, 2018 10:53am Nov 9, 2018 10:53am
Quoting Inthebox
{quote} tp. 6-7 hrs of accumulation. {image}
Wow - I think you're way ahead of the crowd, Inthebox. Well done!
  • #7,426
  • Nov 9, 2018 10:54am Nov 9, 2018 10:54am
tp
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,427
  • Nov 9, 2018 11:03am Nov 9, 2018 11:03am
Quoting jmtini
{quote} Wow - I think you're way ahead of the crowd, Inthebox. Well done!
the direction is quite easy as can be seen in usd strength after fomc.
today price most of the time under day open and yesterday's low.
the hardest part is to hold onto it.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,428
  • Nov 9, 2018 11:36am Nov 9, 2018 11:36am
Quoting jmtini
Guys have a look at this very nice video on using the CCI indi. I use it a lot and I find it very useful. I'm using the mtf version of course with push alerts which smooths out the signal line . https://www.youtube.com/watch?v=IJ9I_5M6SUM
barry burns is ok. his videos are clear and simple to understand.
in the video he mentioned selling strength when cci is below -100 and not going above +100.
just for further information, the things that were not mentioned in the video. he sells when price is under 50 sma and on the 3rd wave.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,429
  • Nov 9, 2018 2:59pm Nov 9, 2018 2:59pm
Quoting Inthebox
{quote} the direction is quite easy as can be seen in usd strength after fomc. today price most of the time under day open and yesterday's low. the hardest part is to hold onto it.
Actually GBP was weak just about all day especially against JPY and USD (see post 7422). The poor GDP news this morning didn't help either

You're right about holding on to our gains being the hard part

But come on Inthebox - put up a TE just for fun over the weekend - I'm sure many of us are dying to see your account - must look very nice judging by all those winning trades!!
  • #7,430
  • Nov 9, 2018 3:08pm Nov 9, 2018 3:08pm
Quoting Inthebox
{quote} barry burns is ok. his videos are clear and simple to understand. in the video he mentioned selling strength when cci is below -100 and not going above +100. just for further information, the things that were not mentioned in the video. he sells when price is under 50 sma and on the 3rd wave.
Yes it's a use ful indi.

I'm not keen on his settings though. I have started using 10 on higher time frames and 50 on 5 min and 1 min. I was using 20 but the problem with 20 is it's too slow showing reversals IMHO.

What he says about CCI not actually being an overbought/oversold indi (like stochastic) but an indi to show up momentum is very good. I always thought it was an oversold/overbought indi! But of course it's great as filter. Ideally one should not trade when the signal line is between the two extremes.
  • #7,431
  • Nov 9, 2018 8:49pm Nov 9, 2018 8:49pm
Quoting jmtini
{quote} But come on Inthebox - put up a TE just for fun over the weekend - I'm sure many of us are dying to see your account - must look very nice judging by all those winning trades!!
the reason i do not want to put up a te is because of my exit point of the losing trade (not a hard sl). it's at the close of the h1 candle above/below the day hl, when price is above or below the daily pivot and open.
there are exceptions when the d1 chart is trending nicely and i decided to hold for longer period or like yesterday when price was below the day open and previous day's low, which shows me the direction that i should be trading.
not many can swallow that kind of loss, certainly not the scalpers. and i do not want to give the wrong impression.
it's alright with me so long that kind of loss is limited to 20% of my trades losing. because if i am winning, then the loss is absorbed by the previous wins, hopefully not eating into my previous week's capital balance.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,432
  • Nov 9, 2018 9:44pm Nov 9, 2018 9:44pm
Quoting jmtini
{quote} What he says about CCI not actually being an overbought/oversold indi (like stochastic) but an indi to show up momentum is very good. I always thought it was an oversold/overbought indi! But of course it's great as filter. Ideally one should not trade when the signal line is between the two extremes.
for your reading if you have not encountered these 2 cci threads which i find logical enough using higher setting for direction and shorter setting for entry.
i think i should stop talking about indicators in the spirit of this thread.
https://www.forexfactory.com/showthread.php?t=820021
https://www.forexfactory.com/showthread.php?t=277730
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,433
  • Edited 6:55am Nov 10, 2018 3:32am | Edited 6:55am
Quoting Inthebox
{quote} for your reading if you have not encountered these 2 cci threads which i find logical enough using higher setting for direction and shorter setting for entry. i think i should stop talking about indicators in the spirit of this thread. https://www.forexfactory.com/showthread.php?t=820021 https://www.forexfactory.com/showthread.php?t=277730
Mmm OK thanks - I am still experimenting of course. You are right this is the wrong thread for this and I have deleted my post

EDIT

Just had a chance to read the threads. The "learn and earn" one is very interesting. As you mentioned, using 2 CCI indis with two different settings, one for trend direction and one more aggresive for taking the trade is a fascinating concept. Of course what he says here makes sense when it comes to actually taking the trade: https://www.forexfactory.com/showthr...5#post11662315

However I have been testing the indi from a different viewpoint. Not from the viewpoint of looking when to trade but looking when NOT to trade. In other words as a filter indi. Also I concentrate on price when it exits the zone (above/below -100/+100) especially after a retracement. The trend is easy to ascertain by using high value ema's. Strangely enough it would seem that the higher a setting the safer but actually the opposite can be true.That is because on a lower setting PA leaves the zone quicker when there is low momentum and consequently a lot of dangerous chop - a time to stay out of the market of course.
  • #7,434
  • Nov 11, 2018 4:13pm Nov 11, 2018 4:13pm
Hello every body,
GU opened with a gap...........just below an important S of 1.2940-50.......indicating selling pressure
atheer1
  • #7,435
  • Nov 12, 2018 12:14am Nov 12, 2018 12:14am
1 impetus up
2 broke the high
3 retraced to high
4 broke the higher high
5 retraced to impetus high
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,436
  • Nov 12, 2018 1:00am Nov 12, 2018 1:00am
pre london.
gbp eur weaker than usd jpy
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,437
  • Nov 12, 2018 2:40am Nov 12, 2018 2:40am
Morning guys

Anyone getting a sense of deja vu - it's uncanny!

Almost a repeat of Friday morning last week

Lovely weak GBP and EUR - yum, yum!!
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  • #7,438
  • Nov 12, 2018 2:42am Nov 12, 2018 2:42am
Still time get in south on GJ, GU, even GA guys

I think we're going down to the basement!!
  • #7,439
  • Nov 12, 2018 2:45am Nov 12, 2018 2:45am
Only thing i am thinking now is counter trend...
It's in fear when people show what they truly value.
  • #7,440
  • Nov 12, 2018 2:50am Nov 12, 2018 2:50am
Quoting ensale
Only thing i am thinking now is counter trend...
tp
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
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