Simplicity is the ultimate form of sophistication ( Elite )

Quoting fxxx

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still lack "big candle" definition?
nobody came with clear criteria? (how much is too big - or not too big?)
post 171 - "monster, you kidding me, NONO, etc" a bit vague - hardy a clear definition

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Quoting Kevyluvu

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My trades during london so far:

Had a huge candle form to hit my stop loss on the U/J trade. It was not produced by news which was the wierd thing. Since then the market has been pretty wierd IMO. I might end up staying out until New York comes.

PS; rarely do I get perfect entries with this system. Normally it is after the trend has formed and an entry on a retracement on 15m chart. Most of the time I am going for less pips and a quick move in my favor. I did have a chance last night to get a 50 pip move on a heavy E/U trade but I was safe and took profits. I'm sure eventually I will have a trade that gets into enough profit fast enough to set a trailing stop and let it run.

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Quoting WilteredFire

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By the way Ken....when i use WaterFlames 10 sma template with your indicator, it seems to give too many cross over signals, any way we can get it to work without the 10 sma coming in the way? Just wondering

Thanks guys!

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Quoting Innosan

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Question for someone here...

When exiting because of weakening CCI are you waiting until a bar closes and if cci is now pointing the wrong way get right out?

exact

And on an entry where price gives you an entry then shoots right back on you, get right out where you entered?

Yes, a few pips lower maybe, just to see if its continious again

Hopefully i am following this correctly

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Quoting itangsanjana

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Salam Waterflame,
better put this info to the #1 post. What do you think?

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Quoting fxxx

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still lack "big candle" definition?
nobody came with clear criteria? (how much is too big - or not too big?)
post 171 - "monster, you kidding me, NONO, etc" a bit vague - hardy a clear definition

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Quoting dragosd1

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Hi, there,

For some early entry/exitsignals, you can use a 34 EMA overlayed on the CCi window.
Every cross between EMA & CCi it can be a warning. Just look and give it a shot.

I will take a look on it

And of course, if you spend a little time to study the CCi patterns and behaviour (I think Woodie CCi will be a great source), you will have more info coming from this indicator on what the price it will do next...

This is for everyone open, but will not integrate difficult rules inside here

( sure that more education will be helpful for yourself )

P.S. I've maded a backtest since oct 2007 till now, and I manage to get 95% profit trades! Highest percent system till now....I also use 14 tCCi for a better view and as a profit target I have borrowed some EMA's fib levels from the Vegas tunnel....

Can you send me a screenshot of your backtest please, i iwsh to see how it works, and maybe the EA with it, i thought something like, that maybe 70 to 80 % would be profits, but wow even more is cool

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Quoting Kevyluvu

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My trades during london so far:

http://www.fileden.com/files/2006/7/...326/sofaar.gif

Had a huge candle form to hit my stop loss on the U/J trade. It was not produced by news which was the wierd thing. Since then the market has been pretty wierd IMO. I might end up staying out until New York comes.

PS; rarely do I get perfect entries with this system. Normally it is after the trend has formed and an entry on a retracement on 15m chart. Most of the time I am going for less pips and a quick move in my favor. I did have a chance last night to get a 50 pip move on a heavy E/U trade but I was safe and took profits. I'm sure eventually I will have a trade that gets into enough profit fast enough to set a trailing stop and let it run.

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Quoting WilteredFire

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Anybody in the UsdChf trade right now?

Any thoughts on wether i should hold the trade above the Daily R2 point? Or is it wise to take the small profit just above the r2 once its broken and leave?

Its my first live trade today, so happy that its turned out to be a winner so far.

By the way Ken....when i use WaterFlames 10 sma template with your indicator, it seems to give too many cross over signals, any way we can get it to work without the 10 sma coming in the way? Just wondering

Thanks guys!

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Quoting Kevyluvu

Disliked

My trades during london so far:

Had a huge candle form to hit my stop loss on the U/J trade. It was not produced by news which was the wierd thing. Since then the market has been pretty wierd IMO. I might end up staying out until New York comes.

PS; rarely do I get perfect entries with this system. Normally it is after the trend has formed and an entry on a retracement on 15m chart. Most of the time I am going for less pips and a quick move in my favor. I did have a chance last night to get a 50 pip move on a heavy E/U trade but I was safe and took profits. I'm sure eventually I will have a trade that gets into enough profit fast enough to set a trailing stop and let it run.

Read Market Moods. Stay away from sick and lazy

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Quoting kenmania

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Another exit strategy to consider. I jumped on this eurchf trade a couple of hours ago. When I had about 41 pips from it I'd gotten a "critical level alert" from my cci indicator. I jumped out of the trade, the price moved about 8 or 9 pips higher and then dropped back quickly making the nice pin bar you see on the chart.

Anyhow, it seemed to work pretty well. If you want to pay attention to that alert (critical level) just leave the indicator at the default setting of 250.

EDIT: SORRY, I should have said that the critical level alert came in on the 15 min. chart. THAT makes a big difference! The price might still move higher, don't know. Just wanted to bank my friggin' pips!

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Quoting golferfx

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Hi WF,

If you read any thread on FF you will find a person, like yourself, who comes to the thread with an idea that is working. The thread catches a few traders and before you know it....10-15 indicators!!!!

Traders...this is a wonderfully simple trading style. Will you catch the absolute top and bottom...no you won't. You will lose trying to catch tops and bottoms. The best traders in the world will catch the meat of the trade.

Watch the trend on higher time frames and apply this nice simple methodology and you will pip everyday.

Just my 2 cents.

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Quoting Waterflame

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today i woke up too late ( sorry ) , after having a sight at asian session ( a too lazy market ) i told myself to not to trade in this conditions, and waiting for european session what i missed.

All good moves are already runing, i will see if there will be the evening something to do.

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Quoting dragosd1

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Sorry, Waterflame, but I did not keep the statement
But it will be another soon, as I do backtest every single pair for exercise my eye with this system.
I will post as soon as I will have it.
I think an EA it will be simple enough to make since the system is so simple! But I did not have the necessary skills....

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