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Trade the fundamental principals of financial markets- at your own risk!

  • #41
  • Nov 29, 2007 10:52am Nov 29, 2007 10:52am
Bobling, would you be so kind to provide a link to more explanation of
the indicator you provided in post 1 ? Lot's of nice colors but what do they all mean :-)
  • #42
  • Nov 29, 2007 11:52am Nov 29, 2007 11:52am
I like this, is very good, I use in conjuction with other indies... and this works great for me!

What are your SL and TPs for this?
  • #43
  • Nov 29, 2007 12:01pm Nov 29, 2007 12:01pm
Quoting guess121
I like this, is very good, I use in conjuction with other indies... and this works great for me!

What are your SL and TPs for this?
Check this post on the first page
http://www.forexfactory.com/showpost...38&postcount=8
  • #44
  • Nov 29, 2007 12:05pm Nov 29, 2007 12:05pm
Dohhh...

Thanks LazyPip

Quoting LazyPip
Check this post on the first page
http://www.forexfactory.com/showpost...38&postcount=8
  • #45
  • Edited 2:35pm Nov 29, 2007 2:09pm | Edited 2:35pm
Quoting bullishpips
Great explanation on Dr Bob's CCI.

Here's my gbpusd 15min chart right now. EMA's on the 4hr hour chart is flat at the moment. On the 15min, a good trade will present itself if the 14CCI crosses +100 and drops back down to the ZL. That would be a signal to go short right?
Certainly, but we want to see the 14 actually cross the ZL which means waiting for the bar to close, unless you're in a very strong trend in which you may want to anticipate the signal. Also be aware of Fibs, support/resistance,
whatever levels you may deem useful in the market and also news events.

Here is something to look out for, we want to be aware of trend strength just by looking at price itself and its behaviour, this means simple Peak and Trough analysis. Refer to this short movie http://www.pring.com/movies/peakandtrough.html

Bob
  • #46
  • Nov 29, 2007 2:25pm Nov 29, 2007 2:25pm
Quoting Peter1234
Bobling, would you be so kind to provide a link to more explanation of
the indicator you provided in post 1 ? Lot's of nice colors but what do they all mean :-)
The colours on the CCI are as follows, but we do not regard them in this manner with this method because we define the trend with our moving averages, so just for information's sake here you go:

When a trend as defined by Woodie is 'active' the CCI will turn from Grey to coloured, see below.

Ther Zero line on the CCI which changes from red to green when price is above/below the zero actually represents an LSMA which is a 'least squares' moving averages.. another useless piece of information for us... We have no use for it.. we just look at the zero line itself. I use this plugin because it's pretty that's all
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  • #47
  • Nov 29, 2007 2:38pm Nov 29, 2007 2:38pm
When the 14 cci closes below the zero line on the 15 min,we are to go short on ej. Correct?
  • #48
  • Nov 29, 2007 2:46pm Nov 29, 2007 2:46pm
Quoting caminus
...Short?
The mechanical answer would be yes, but to mee it seems it's not going to go anywhere, the previous trade with entry at 162.15 was good however.
see below and refer to video in post #45
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  • #49
  • Nov 29, 2007 7:22pm Nov 29, 2007 7:22pm
Nice one. As mentioned in one of the first posts, never forget your 4hr analysis, all 3 pairs bounced off the bottom of the channel, this was the precisely right time to get on board, potentially good to hold. Dow Jones mini contract now at 13400, delay from here is expected ;>
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  • #50
  • Edited 2:43am Nov 30, 2007 2:26am | Edited 2:43am
I got stop out on the morning trade or Did I set something wrong?

Set up at green line
Entry 162.68 Arrow
Stoploss 162.49 cross sign
May be I should exit at check sign pricr close at CCI 14 under 100.

Thank.

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  • #51
  • Nov 30, 2007 2:42am Nov 30, 2007 2:42am
You didnt do anything wrong, you just have to pay attention to whether the trend looks convincingly strong.. note that price was struggling to make a new high on the previous peak. For the safest entries it's best to wait for a whole new move.. which means you wait for a move to finish then catch price again as it goes on the other side of the moving averages.. it depends on the strength of the trend.

PS, CHF news came out at this time, avoid the news like fire.

Don't forget the analysis from the 4hour chart, trend lines, supports etc

And the CCI exit has pros and cons.. it can either save your ass or make you exit too soon... to get the hang of the method, I recommend using it.

Bob
  • #52
  • Nov 30, 2007 2:48am Nov 30, 2007 2:48am
Thank . Bob,
You right.The 150 EMA on 4H chart is so flat and price can not pass that line.
Cha.
  • #53
  • Nov 30, 2007 2:59am Nov 30, 2007 2:59am
Quoting chawichsak
Thank . Bob,
You right.The 150 EMA on 4H chart is so flat and price can not pass that line.
Cha.
Most important thing is not to give up.. getting stopped out is a part of responsible trading.. main thing is to understand the logic behind why something works and make it work for you.. maybe it won't be today or tomorrow but if you stick to it, then you have more chance of making it work.


I just want to add, the best trades come from the start of a move, you have to hide behind the bushes and wait for it, then you can consider holding the trade longer, if you're catching something in the middle like a pullback at the top of the tree, don't forget to take profit.. don't take a loss in this situation
  • #54
  • Nov 30, 2007 4:51am Nov 30, 2007 4:51am
very nice strategy and explanation. I like it. I will try it out on a demo account for a a while to see how good I can do with it.
  • #55
  • Nov 30, 2007 6:13am Nov 30, 2007 6:13am
Can anyone direct me to the detailed explaination of this indicator? I mean what all these diff colors/bars/dots etc mean..

There is a Yellow bar. What is the significant of this yellow bar?

Thanks in advance.

Pipmonger
  • #56
  • Nov 30, 2007 7:35am Nov 30, 2007 7:35am
hi pipmonger

go to woodiescciclub.com look for link to PGF (broker) they will email you file explaining the cci as woodie uses it. you can also go to tradingnaked.com and find a copy of the early cci version written by jeff. you will find a pdf file there.

hope this helps
scott
  • #57
  • Edited 1:58pm Nov 30, 2007 1:25pm | Edited 1:58pm
usd/yen trade at 11:15 pst. sl 110.83 tp 111.22. Anyone else take this trade? Frist time posting on this forum. I have been using a similiar system with gmma and cci for about 6 months. I like this version of cci. Keep up the good work bobb. This trade is +5 as of writing. Lets see how it goes.


Closed trade at 111.15 for 15 pips. Reason was trend is being exhausted, far from moving averages and went to high of today.
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  • #58
  • Nov 30, 2007 2:22pm Nov 30, 2007 2:22pm
Very simple trade setups, a great addition to my arsenal. Many thanks Bob.
  • #59
  • Nov 30, 2007 2:51pm Nov 30, 2007 2:51pm
Quoting bobblong
Nice one. As mentioned in one of the first posts, never forget your 4hr analysis, all 3 pairs bounced off the bottom of the channel, this was the precisely right time to get on board, potentially good to hold. Dow Jones mini contract now at 13400, delay from here is expected ;>
Hi Bob,

Would you mind posting the indicator that shows candle time remaining as shown on the chart on your post . Thank You Very Much.....T-Wolf
  • #60
  • Nov 30, 2007 3:20pm Nov 30, 2007 3:20pm
could you post the CCI colored indicator on mq4 file plz thank you

really nice thread bro good job !!!
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