In fact, looking at the chart now I might even enter earlier at the CCI50 cross over -50 and the 14 over 0 given the prevailing longer term trend and it's setting up again
PS. A nicer CCI is available in the first post as an attachment
Trade the fundamental principals of financial markets- at your own risk!
- #22
- Nov 28, 2007 12:26am Nov 28, 2007 12:26am
Here are the valid entries on this chart. There is a very good reason this method is structured like this, it increases the probabilities of a winning trade many times fold because if you are to enter simply when the 50CCI and the 14CCI cross the zero line together, price is usually due for a hard pullback by the time the signal happens, making a trade that only MIGHT work pullback on you to the red zone of your account.. where blood is shed 
...
Dr Bob described this setup indeed where the 14 CCI cross and then the 50CCI crosses.. but to me this is not at all safe nor is it reliable enough, so I adapted his variation on it in which the 50CCI is already above/below the zero and only then do you take a 14CCI reject, provided price is trading above the moving averages.
Bob
PS White text should read "Note that price is completely above the moving averages"
...Dr Bob described this setup indeed where the 14 CCI cross and then the 50CCI crosses.. but to me this is not at all safe nor is it reliable enough, so I adapted his variation on it in which the 50CCI is already above/below the zero and only then do you take a 14CCI reject, provided price is trading above the moving averages.
Bob
PS White text should read "Note that price is completely above the moving averages"
- #24
- Edited 2:55am Nov 28, 2007 1:02am | Edited 2:55am
bobblong, thank you for this thread and your effort 
Regarding post #4 as related to the short setup...
Did you mean below?
Also, the images you posted explaining entry rules, would it be possible to get them in a larger format, I'm really battling to read them? If not, no problem.
Appreciate your efforts,
Oromis.
Regarding post #4 as related to the short setup...
...Again this is only confirmed on bar close and the 50CCI has remained above the zero line throughout this process
Did you mean below?
Also, the images you posted explaining entry rules, would it be possible to get them in a larger format, I'm really battling to read them? If not, no problem.
Appreciate your efforts,
Oromis.
Dear Bobblong,
Allow me to ask you this : How long are you successfully trading this system and did you try on EUR/USD ?
Thank you,
Peter
The 14+50 combo did it.
Regarding the Euro/Dollar, I don't daytrade this one, but this method works on anything that trends although high volatility is a big plus. Currently testing it on YM Futures in simulation.
As you probably know.. there are several CCI patterns for the 14CCI.. the setup described here is a ZLR and the supposed "GB100" (although we are not counting bars and we do not mind if it surpassed the 100 line, as long as the 50 CCI has remained with the momentum of the move, if the 14 re-crosses the zero line after going away from it, in the direction of the 50CCI momentum, it's still a pullback all the same
From my experience the countertrend CCI setups are absolute suicide most of the time and do not apply to this method as we are only trading in 1 direction, minimising the number of entries. No doubt the 6 CCI can be added as per Woodie's to aid in the drawing of trend lines on the indicator, but in my opinion nothing really needs to be added because all we want to see is a pullback and we can see them just fine.. if you find interesting ways to use this method please do post your charts and descriptions.Toodles,
Bob.
This is an intraday trading method, that aims to capture substantial market movement with an excellent risk/reward while limiting the number of signals in a very clear cut way. Watching the charts all day is extremely boring, especially when we have no clue what is about to happen. The temptation to trade out of boredom is immense, "the market is running away, I don't want to miss the train", "I just missed a $XXXX move, next time it goes like that I'll find a reason to get in!". Those are just some of the things you'll be telling yourself while watching an intraday chart and the signals that you're looking for just aren't there, be warned.
In order to establish the fact that waiting for the absolutely best signal is of utmost importance and detrimental to your success, you may have to actually watch these charts, get bored, tell yourself the things mentioned above, enter trades recklessly, incur substantial losses to your account only to find out that waiting was totally in your own best interest.
You seem to know me
