EOD trading system

Hi Deepblue27,

The first trade, I'm using my own system and I just wanted to show how Paulus's EOD system compliments and confirms my signal by showing CCI and Stochastics both crossing up over their respective lines and then dropping back down indicating a down trend. Sorry I confused you, or any one else. Paulus has a great system and I was just trying to illustrate how well it works with my signals. Have a great day !!.......T-Wolf

Hi Paulus
Great system for the working person
I wondering what your results are when the market is not trending
I have put an 80 ema on my charts and will only take trades in the direction of the trend .
Thanks again paulus

CCI40 shows the trend, there is no need for additional indicators

you still get signals when the mkt is not trending if the CCI and Stoch line up on the same day we get an entry I dont do any visual appreciation of what the swap looks like Ive got a green signal and I take it..

BTW be patient signals will come ;-))

Paulus

Hi Paulus,

<<you still get signals when the mkt is not trending if the CCI and Stoch line up on the same day we get an entry I dont do any visual appreciation of what the swap looks like Ive got a green signal and I take it..>>

I notice you say here that BOTH the CCI and the Stoch are up, in the original rules we only needed the Stoch to be up.

Could you clarify if we need both to tick in the right direction or just the Stoch

thanks for your help, just when I thought I had my head around it, I noticed your post

He says when CCI and Stoch line up on the same day, it does not mean they are up, just follow the rules.

I will take this trade if its a signal at 9pm tonight atm the target is 180ish pips but it is a risky one although I still take them I will explain why..there is a chart pattern with the CCI called a zero line reject if you look at the signal on the CCI it is only today going from above to below 0.00 and it is by the shallowest of margins but to me its a signal its red or green stop or go this is a go but with more risk..

there is a chance here that the 0.00 will reject the CCI and force it up again as my drawing on the chart indicates.I have indicated other zero line rejects ..far safer are the signals that come when the CCI has been above or below 0.00 for 1 day or more.

If we have a tgt of 180 pips then the TP will be 40 odd pips below the low of the 6th and the 20th Oct for those technically minded if we get that far you may wish to close here as a triple bottom may form as its quite a tough support level.I personally hold for the full atr as I believe that all mkt level supp res areas are there to be broken ... agreed a compromise may be to close out 1/2 or 3/4 of the position at those lows so reducing risk but i will hold the full position.

So put yer tin hats on and prepare for battle lols !
Paulus

Which GMT should we use?

Paulus Entry allways at 9 GMT

yes 9pm GMG or as close as I can get..family life dictates if Im late and its 10pm I dont worry if Im out at 8,30pm then Il place at 8pm its quite flexible it has to fit around your own personal circumstances with the stops used and the large targets a few pips here and there wont make a difference.

But as a general rule ideally you want to place your trade at least 18 hours into the daily candle..most of the big bang boys are on their 4th whiskey by then or are looking for the tallest building and things are winding down !! we hope lols

Paulus

I had a look today (20:30) and identified this order:

USDCHF

Got filled at: 1.3220
SL: 1.15811 (High of candle)
TP: 1.10629
(total stake: 259.1 pips)

RR: 1:1

Lot size: 0.1

Rationale: CCI(20) down and stoch has ticked down (I know Paul has moved to CCI(40))


Chart attached:

Hi Pervaz..

Yes Im on 40 now and my CCI looks different to yours...no signals for me today CCI retraced slightly and is now at +2.8 so no trade..

be patient trades will come !

Paulus

Very interesting system Paul...thanks a lot.

I wonder how you manage -200/300 pips SL on this system....I am kind of new in risk management.

Thanks.

All Lover of this System put eye on many of pairs end of today 09.00 PM GMT , many of apportunity seam coming soooooon.

Dont miss lot of pairs according to this system they might be tradeble some of them end of today and some tomorw .. I said they might get confirm.

Hi Paulus,

First off thanks for taking the time to share this system, esp. considering that you say you have less time now.

However, your last post about the EURGBP trade has confused me a little. As I see it the stoch is below 50, so we need to wait for it to tick up and the CCI to stay above 0.00 for a long to be taken.

But you seem to suggest that a short be taken if the CCI goes below 0.00, even though the stoch is below 50. Or have I misunderstood somewhere?

Thanks again for your time.

Tim

USDCHF seemt a good entry but... CCI is almost crossing zero going south
We'll see tonite

Hi niepce

nothing up to now good for entry , what i post is just to remain you to put your eye on that pairs..
Time: end of day

I have wing Chung tonight at 9pm uk so i will be placing psoitions on at 8.45pm..

As of now I can see 2 signals

usdchf long approx tp 240 pips

eurusd short approx tp 439 pips

Please note these signals can disapear and will only be taken with any others at 8.45pm

cheers

Paulus

What ive put on this chart does not go into my decision making at all in any sense as its far to subjective but if you look at the chart we have higher high higher low classic uptrend labels..if we move up we could be looking for a higher high again OR if we make a double top then we should be out with our 5 day ATR tgt..hmmm perhaps lols

Paulus