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CCI Divergence 5mn

  • #1
  • First Post: Jan 28, 2009 1:09pm Jan 28, 2009 1:09pm
Bonjour à tous

I'd like to share another simple method with you and based on CCI divergence

CCI 10 (Typical price HLC/3)
TF 5mn
The CCI divergence must be beyond of 100/-100

You sell the divergence when the closed candle is below the CCI line 100
Stoploss placed on the last more high
Profit on TP or trailing stop.

You buy the divergence when the closed candle is above the CCI line -100
Stoploss placed on the last more low
Profit on TP or trailing stop.

This method is not perfect so take care.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp-usd.gif Size: 16 KB
Click to Enlarge Name: gbp-usd 2.gif Size: 18 KB
  • #2
  • Jan 28, 2009 1:23pm Jan 28, 2009 1:23pm
Welcom to all Promised System..
i like ur logic in tradying forex ..
Never sell @ lower upward channel unless breacked and vise versa .
  • #3
  • Edited 2:06pm Jan 28, 2009 2:04pm | Edited 2:06pm
i do trade CCI divergences for a long time now , they do work , i dont know about it on 5 min charts , but on longer time frame 30 min, H1, H4, D , they do work and very profitable if combined with PA for identifying levels of entry.
you are on the right track.
Attached Image (click to enlarge)
Click to Enlarge Name: divergencesamples2.gif Size: 14 KB
  • #4
  • Jan 28, 2009 2:14pm Jan 28, 2009 2:14pm
I agree with you arthurb, it works

Sreenshot below with a bullish hidden divergence which confirm an uptrend.
Attached Image (click to enlarge)
Click to Enlarge Name: eur-yen.gif Size: 16 KB
  • #5
  • Jan 28, 2009 2:18pm Jan 28, 2009 2:18pm
Quoting Thierry89
I agree with you arthurb, it works

Sreenshot below with a bullish hidden divergence which confirm an uptrend.
i see you are interested in CCI
look at the woodie CCI systems , it has patterns which let you identify patterns there, if you combine those things with PA.
but dont use it as trigger , just as confirmation only , dont enter it blindly or you will get burned,
good luck

Arthur
  • #6
  • Jan 28, 2009 11:55pm Jan 28, 2009 11:55pm
Salut thierry
Je suis un fan des divergences ,aurais tu cette indicator avec les signaux en mql4
"Everything subject to destruction before even be created"
  • #7
  • Jan 29, 2009 1:31am Jan 29, 2009 1:31am
Salut plasvegas

Non désolé, j'ai tracé ces lignes manuellement mais un indicateur de divergence basé sur le CCI doit bien être disponible sur ce forum.
Personnellement, je préfère repérer les divergences visuellement mais pourquoi pas !!
  • #8
  • Jan 29, 2009 2:09am Jan 29, 2009 2:09am
A bearish hidden divergence during the Asian session
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd.gif Size: 15 KB
  • #9
  • Jan 29, 2009 2:26am Jan 29, 2009 2:26am
Only looking for divergence on a chart is a very hard way to trade,you becomes a slave to divergence.Divergence causes you to cut your profits short,markets runs on momentun and momentun do not stop just so.
My simple set up I put a 5 sma on a 20 cci with a zero line,and just trade the cross,you can use any ema as filter.Time is to precious for me to just wait on divergences.
  • #10
  • Jan 29, 2009 2:49am Jan 29, 2009 2:49am
Quoting Lessformore
Only looking for divergence on a chart is a very hard way to trade,you becomes a slave to divergence.Divergence causes you to cut your profits short,markets runs on momentun and momentun do not stop just so.
My simple set up I put a 5 sma on a 20 cci with a zero line,and just trade the cross,you can use any ema as filter.Time is to precious for me to just wait on divergences.
Hello Lessformore

I agree with you about the precious time but the CCI Divergence is a complementary method to other methods.
I am not a slave of this technical and with the experience it is not difficult to see a divergence then when I see one on my chart, I analyze and opens a position or not.
I personnally use several methods of trading and none of these methods are perfect.
Thanks for your set up
  • #11
  • Jan 29, 2009 9:32am Jan 29, 2009 9:32am
Target reached and 94 pips won with this CCI divergence
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd.gif Size: 13 KB
  • #12
  • Jan 29, 2009 1:06pm Jan 29, 2009 1:06pm
Results with CCI divergence for today

Wins. 5
losses. 2
Total. +178

Who said that divergence does not works !?
  • #13
  • Jan 29, 2009 1:19pm Jan 29, 2009 1:19pm
Thierry, the key to divergence is when to enter, if at all. CCI set at 10 with confirmation of -100 or +100 has a great deal of accuracy. Thanks
  • #14
  • Jan 30, 2009 6:55am Jan 30, 2009 6:55am
Quoting Thierry89
Target reached and 94 pips won with this CCI divergence
hi thierry,
i really like the setup, but could u be more specific when should we take our profit. From the pic i know that u're using pivot line as a tp , but if we consider the movement of cci, i think it would better we stop at s1 instead of s2.
Or do u have any other indi as a filter for this setup?
Just curious ...thanks
  • #15
  • Jan 30, 2009 7:21am Jan 30, 2009 7:21am
nice setup

divergence does really work
  • #16
  • Jan 30, 2009 9:06am Jan 30, 2009 9:06am
Just out of curiosity, can we apply the same CCI setting for other time frames as well?
  • #17
  • Jan 30, 2009 9:15am Jan 30, 2009 9:15am
Quoting maximteo
Just out of curiosity, can we apply the same CCI setting for other time frames as well?
They works for sure. one of the top traders Lilmoe, has a thread with his system
http://www.forexfactory.com/showthread.php?t=129810

He is using CCI 30, and ema 50.. go and have a look, maybe some ideas you can pickup from there

Cheers!
  • #18
  • Jan 30, 2009 9:41am Jan 30, 2009 9:41am
Can someone post the colourful woodies-cci indicator here?
  • #19
  • Jan 30, 2009 10:02am Jan 30, 2009 10:02am
Quoting hartnet
Can someone post the colourful woodies-cci indicator here?
try these
Attached File(s)
File Type: ex4 CCI_Woodies_Lnx_v6.ex4   8 KB | 2,790 downloads
File Type: mq4 CCI_Woodies_Lnx_v6.mq4   9 KB | 3,573 downloads
  • #20
  • Jan 30, 2009 10:20am Jan 30, 2009 10:20am
Quoting arthurb
try these
Thanks
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