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Attachments: CCI 50 System
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CCI 50 System

  • #81
  • Sep 21, 2020 11:57am Sep 21, 2020 11:57am
Quoting Sang.Real
Good read to understand the system {image}
hello Holy Grail
These two strategies are the same?

https://www.forexfactory.com/thread/...ro-line-reject
  • #82
  • Sep 21, 2020 12:00pm Sep 21, 2020 12:00pm
Quoting mahanfx
{quote} hello Holy Grail These two strategies are the same? https://www.forexfactory.com/thread/...ro-line-reject
This is the original with detail explanation from Dr Bob
Attached File(s)
File Type: pdf 50CCIdrbobSystem050613.pdf   285 KB | 1,076 downloads
  • #83
  • Sep 21, 2020 1:16pm Sep 21, 2020 1:16pm
Quoting Sang.Real
{quote} This is the original with detail explanation from Dr Bob {image}
Can you tell us about your experiences in using this strategy?
  • #84
  • Sep 21, 2020 1:54pm Sep 21, 2020 1:54pm
Quoting Sang.Real
EJ {image}
ej
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  • #85
  • Sep 21, 2020 1:56pm Sep 21, 2020 1:56pm
ecad

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  • #86
  • Sep 21, 2020 2:13pm Sep 21, 2020 2:13pm
what is time frame?
  • #87
  • Sep 22, 2020 12:53am Sep 22, 2020 12:53am
A bounce off the zero line

This one is considered one of the main signals.

It is formed a the moment when the indicator defines the trend and then the CCI values return to the zero line.

It may be not just a touch but a minor test, after which the indicator reverses.

This movement confirms the trend, the market is to be entered here.
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  • #88
  • Sep 22, 2020 1:15am Sep 22, 2020 1:15am
ACAD
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  • #89
  • Sep 22, 2020 1:20am Sep 22, 2020 1:20am
GA
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  • #90
  • Sep 22, 2020 1:27am Sep 22, 2020 1:27am
Quoting Sang.Real
ACAD {image}
please Explain the reason for entering.
Because A bounce off the zero line, Not done
  • #91
  • Sep 22, 2020 2:02am Sep 22, 2020 2:02am
cci is closely related to sma.
the chart below showing price crossing sma vs cci crossing zero line.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #92
  • Sep 22, 2020 3:04am Sep 22, 2020 3:04am
Quoting Sang.Real
GA {image}

GA

Re-test and bounce off zero line om GBP High Impact News.

Price Spike down to take out all Stop Losses placed at the wrong position.

BOE Gov Bailey Speaks
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  • #93
  • Sep 22, 2020 4:02am Sep 22, 2020 4:02am
Quoting Sang.Real
{quote} GA Re-test and bounce off zero line om GBP High Impact News. Price Spike down to take out all Stop Losses placed at the wrong position. BOE Gov Bailey Speaks {image}
GA

Nice spike.

CCI remain positive, with price spike down as Seller Induction and Stop Hunt.

Trade with Price Action because it shows the true pattern. Use indicator as your guide only to take the trade.

CCI is always repainting, beware.
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  • #94
  • Sep 22, 2020 4:13am Sep 22, 2020 4:13am
Quoting mahanfx
{quote} please Explain the reason for entering. Because A bounce off the zero line, Not done
I do trade on Price Action.

Indicator are only option to confirm my trade decision.

Look at the indicator for GBP/AUD, before and after I took the second trade (on spike down).. i.e Seller Induction and Stop Hunt during Major Impact News event.. Do you notice the CCI Indicator repaint itself after price move ?

Most traders fail because they lack a trading plan and discipline (to follow their trading plan). There is no magic in CCI. The patterns are similar to the ones you will read about in any trading book but they just have different names. The visual presentation of the CCI Indicator is unique plus the system includes several clear options for exits. Learn the basics of Price Action, do your stats but you must make the system your own. Do the stats and you will figure out a profitable plan. Do not use Indicator blindly and solely for your trading decision.
  • #95
  • Sep 22, 2020 4:20am Sep 22, 2020 4:20am
Quoting mahanfx
{quote} Can you tell us about your experiences in using this strategy?

CCI Woodies patterns = price patterns.

The experience in getting to learn what is the price pattern behind CCI setup, is very importnant and it will make you be able to trade naked.

But in case you feel price action confuses you or find it hard to find patterns in price action, you may start with CCI.
Once you took the trade.. refer it and tally it with the price patterns. That way , you can improve in trading... .
You need to do a bit of hard work to understand Price Action..
  • #96
  • Sep 22, 2020 4:22am Sep 22, 2020 4:22am
CCI as a standalone system is extremely risky, but very insightful if used with other Price Action/ Pattern.
  • #97
  • Sep 22, 2020 4:29am Sep 22, 2020 4:29am
Quoting Sang.Real
{quote} GA Nice spike. CCI remain positive, with price spike down as Seller Induction and Stop Hunt. Trade with Price Action because it shows the true pattern. Use indicator as your guide only to take the trade. CCI is always repainting, beware. {image}
Thanks for the explanation
Yes, Price Action can be a good way.
But a question, was this deal done by a EA?
Because I do not see a pattern based on Price Action.
  • #98
  • Sep 22, 2020 4:48am Sep 22, 2020 4:48am
Quoting mahanfx
{quote} Thanks for the explanation Yes, Price Action can be a good way. But a question, was this deal done by a EA? Because I do not see a pattern based on Price Action.

Price Action with messy chart.

Once trained the eyes, you will not need to draw all these lines.
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  • #99
  • Sep 22, 2020 5:03am Sep 22, 2020 5:03am
GA

What do you think of this trade ?

Entry at open of new candle

Trader... please make some noise in here.
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  • #100
  • Sep 22, 2020 5:30am Sep 22, 2020 5:30am
Quoting Sang.Real
GA What do you think of this trade ? Entry at open of new candle Trader... please make some noise in here. {image}
Master Sang, I'm salute your confident and experienced, you are GODfather, must learn from you,,,cheers
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