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A very simple system - trade with arrow

  • #5,921
  • Dec 6, 2019 7:06am Dec 6, 2019 7:06am
thanks. double cci means?
  • #5,922
  • Dec 6, 2019 7:14am Dec 6, 2019 7:14am
Quoting glory31
thanks. double cci means?
it means two CCI oscillator lines being used at the bottom panel area. A slow and a fast one. Can commonly be called Woodies CCI although thats another whole trading system in itself but similar 2 cci principle (e.g. https://forex-indicators.net/files/i...CCI-System.pdf)

And let's not forget what a cci line is: just a representation of how/when price crosses a moving average. The CCI line represents price and the horiz zero line represents the average. Try it. Put a simple mov. average of say 30 on a chart and a CCI period 30 below it. Everytime price crosses the simple MVA on the chart you will see a corresponding midline cross by the CCI
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  • #5,923
  • Dec 6, 2019 8:11am Dec 6, 2019 8:11am
Before making lunch I moved my stop on cable to b/e and was taken out...after nfp announcement I took a 8 pips loss on audnzd and accidentally took the remainder of my aussie trade out..I meant to scale out. I have also taken a new trade which is a short eurgbp
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the cautious seldom err....C
  • #5,924
  • Dec 6, 2019 8:14am Dec 6, 2019 8:14am
Quoting rogertaggart
{quote} which begs the question: if using the 10/34 averages on the chart, why not also use the 10/34 CCI lines below so they show a summary of whats happening between the two averages on the chart? honest question. Pips29?
I can't see the price on your chart as well as the cci....btw I don't use a 10/34 cci. You must have mistaken me for someone else
the cautious seldom err....C
  • #5,925
  • Dec 6, 2019 8:18am Dec 6, 2019 8:18am
let's see if we can get a buy on cable later on...price was rejected at the 1.311 level
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the cautious seldom err....C
  • #5,926
  • Dec 6, 2019 8:18am Dec 6, 2019 8:18am
Quoting pips29
{quote} I can't see the price on your chart as well as the cci....btw I don't use a 10/34 cci. You must have mistaken me for someone else
my mistake. What settings you use for your average and cci lines?
  • #5,927
  • Dec 6, 2019 9:08am Dec 6, 2019 9:08am
taking a portion out for some pips and locking in at b/e+....stress free
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the cautious seldom err....C
  • #5,928
  • Dec 6, 2019 9:15am Dec 6, 2019 9:15am
Quoting pips29
taking a portion out for some pips and locking in at b/e+....stress free {image}
nice
  • #5,929
  • Edited 10:08am Dec 6, 2019 9:46am | Edited 10:08am
profit taking for eur,gbp,nzd happening now and so I went short the kiwi..I was just about a minute late and so did not pull the trigger for the dragon EDit: stopped out at b/e
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the cautious seldom err....C
  • #5,930
  • Dec 6, 2019 9:58am Dec 6, 2019 9:58am
shorting this now.. please remember it's Friday and so I lock in profits and move stop to b/e asap
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the cautious seldom err....C
  • #5,931
  • Dec 6, 2019 10:14am Dec 6, 2019 10:14am
Quoting pips29
{quote} Great, I now know who to find when I need a programmer..anyway, did the EA that you paid for not work out? and why?

No problem if I like to help, I did not develop any indicators but only EA to start something, to monitor trades or just to trade. When programming EA's I've learned that I can practically optimize each EA so that it delivers good results for the past without this going to work in the future. So far, I have 26 EAs, some of which have worked to the last half year and now run more or less neutral plus / minus zero, the others have perfect curve fitting without being able to generate profit in real trading and the biggest problem of all. These are not my EA and I have no way to make things better. Most are very intransparent and the Tradegestaltung is difficult to understand.
No problem if I like to help, I did not develop any indicators but only EA to start something, to monitor trades or just to trade. When programming EA's I've learned that I can practically optimize each EA so that it delivers good results for the past without this going to work in the future. So far, I have 26 EAs, some of which have worked to the last half year and now run more or less neutral plus / minus zero, the others have perfect curve fitting without being able to generate profit in real trading and the biggest problem of all. These are not my EA and I have no way to make things better. Most are very intransparent and the Tradegestaltung is difficult to understand.
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  • #5,932
  • Dec 6, 2019 10:31am Dec 6, 2019 10:31am
Quoting GerhardMTB
{quote} No problem if I like to help, I did not develop any indicators but only EA to start something, to monitor trades or just to trade. When programming EA's I've learned that I can practically optimize each EA so that it delivers good results for the past without this going to work in the future. So far, I have 26 EAs, some of which have worked to the last half year and now run more or less neutral plus / minus zero, the others have perfect curve fitting without being able to generate profit in real trading and the biggest problem of all. These...
Thanks Gerhard for your input. I must admit I know very little about EA and tech related things.I always find it difficult to learn new things tech related and so I trade manually. I do not know how to put files and open files with the computer. Luckily I have 2 friends ,one in the Netherlands and the other in Portugal who help me out with tech issues..
the cautious seldom err....C
  • #5,933
  • Dec 6, 2019 10:39am Dec 6, 2019 10:39am
gone long this pair...the only pair related to sterling where I'm able to put a 20 pips stop
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the cautious seldom err....C
  • #5,934
  • Dec 6, 2019 10:41am Dec 6, 2019 10:41am
Quoting pips29
{quote} Thanks Gerhard for your input. I must admit I know very little about EA and tech related things.I always find it difficult to learn new things tech related and so I trade manually. I do not know how to put files and open files with the computer. Luckily I have 2 friends ,one in the Netherlands and the other in Portugal who help me out with tech issues..
i work since more then 25 Year with Computers so if i hope i could help
  • #5,935
  • Dec 6, 2019 11:00am Dec 6, 2019 11:00am
Quoting GerhardMTB
{quote} i work since more then 25 Year with Computers so if i hope i could help
wow! thanks
the cautious seldom err....C
  • #5,936
  • Dec 6, 2019 11:07am Dec 6, 2019 11:07am
I am closing this trade now...though it may fall further..Both my remaining trades usdyen and gbpchf are in the money now
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the cautious seldom err....C
  • #5,937
  • Dec 6, 2019 11:21am Dec 6, 2019 11:21am
I can relax now as both my trades are now at b/e+.....
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the cautious seldom err....C
  • #5,938
  • Dec 7, 2019 8:10am Dec 7, 2019 8:10am
just an update of my trades..I have been stopped out at b/e with gbpchf but my usdyen is very much alive with 20% taken out for some profits..during the weekend I will spend at least two hours going thru' the charts using htf like the daily and weekly just to find out what's going on. I recommend you guys to do the same. you will get a bias from your analysis but please do not trade your bias until it's clear to you that it will work out with your set up...if you don't get the set up just don't trade it.You don't want to be sitting on a dd unnecessarily, this method does not welcome dd and so we aim at the correct entry every time and more importantly the correct direction of the trade. Don't be fooled by analysts and so called gurus in FF about fundamentals.....just stick to your charts and trade what you see,
the cautious seldom err....C
  • #5,939
  • Dec 9, 2019 2:53am Dec 9, 2019 2:53am
Good morning guys, a brand new week and lots of opportunities to make some pips..I got off to a good start by taking a cable long and my target was hit while I was sleeping. I mentioned this level in my post from earlier and the first level got hit...will the big boys take price to the next level as marked on my chart....we shall see
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the cautious seldom err....C
  • #5,940
  • Dec 9, 2019 2:56am Dec 9, 2019 2:56am
Quoting pips29
{quote} I mentioned the above recently and price is nearly there rather quickly..not sure if it's an election play but we still have 7 days left for price to go even higher to the 2nd level on my chart...if I were the big boys I will do it,ha,ha {image}
Here is the post to refresh your memory
the cautious seldom err....C
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