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  • #221
  • Feb 17, 2011 2:54pm Feb 17, 2011 2:54pm
Quoting boomslang
Hi yead, u may want to have a look on Woodis' CCI methods. There'r some CCI patterns for trend and CT. Not sure if its helpful for u, but not bad to go through it at free time. Dont over complicated scalping and keep it simple.

Regards.
"Woodie only looks at one chart for each market he trades. He does not look at different time frames for
confirmation. Each chart has only one time frame on it. Mostly he uses a 3-minute, 5-minute or a tick
chart of some set number such as 33, 89 or 133 tick. Ask the room what Woodie uses as a time frame for
a given market. Use that only and do not change it. Follow what Woodie does."

Next they want us to give all our possesions to Woody, shave our head and hand out pamflettes at airports or what? Seriously these people should chill down on the cult factor.

That aside, i think this Woodie might be pretty smart.

I actually made a template showing separation between fast and slow sentiment i used RSI and CCI. But it seems using two CCI might be cool too. Ill look into this some more tommorrow, but it looks like it could be something to it.
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  • #222
  • Feb 17, 2011 7:38pm Feb 17, 2011 7:38pm
Quoting yaed
I actually made a template showing separation between fast and slow sentiment i used RSI and CCI. But it seems using two CCI might be cool too. Ill look into this some more tommorrow, but it looks like it could be something to it.
Im not sure if using two CCI could make the entry more accurate or not, but it would help to catch the pullback/ranging. But actually, i think the single CCI is already good enough for scalping, if we pay attention to its shape, level, dvg. Through the pdf i attached above, its very interesting to draw a tendline on CCI (by eyes of course) while scalping, that help to chasing the trend switching/pullback.

Anyway, im still learning CCI now, but keep thing simple is necessary.

Regards.
  • #223
  • Edited 3:09am Feb 18, 2011 12:36am | Edited 3:09am
Quoting boomslang
Im not sure if using two CCI could make the entry more accurate or not, but it would help to catch the pullback/ranging. But actually, i think the single CCI is already good enough for scalping, if we pay attention to its shape, level, dvg. Through the pdf i attached above, its very interesting to draw a tendline on CCI (by eyes of course) while scalping, that help to chasing the trend switching/pullback.

Anyway, im still learning CCI now, but keep thing simple is necessary.

Regards.
G20 meetings today so ill let my live account rest for today. Ill do some stuff on demo and lets see what happens.

There are a lot of signals in that PDF to evaluate.

EDIT 09:01 Made some trades while i read that pdf, the ones from today was watching woodys CCIs, the ones from yesterday was my usual template.

CCI and RSI and such reacts to relative change in candle size relative to the usual size during the period of which they are calculating. Thats fine and all, can be usefull for all sorts of things, but we need to think about beating spread, so i think its always nice to have an envelope to tell you how much you got to play around with. If i dont have an envlope to aim for i feel naked, like something important is missing. I mean the shape and size of the candles can get yah thinking thats what matters, its not, at least not alone. So if im a bit tired and i find out its the middle of the night when i look at my clock, and im not listening to this:

Inserted Video


Then i can get confused if i dont have the envelope. I mean if you are listening to Ozzy, its pretty evident that you just CANT get confused

"Trade context busy" Yeah this is a lot of fun...NOT. Whats it doing, its just a big friggin server in a basement, is it out to lunch? Is it having a go at the bosses wife? Is is making waffels? Maybe out on a strol in nature picking mushrooms? Perhaps its at the ministry of silly walks trying to get state funding to develop its silly walk?

Inserted Video


Woodys patterns almost seem to amount to "Buy/sell like a mad squirrel jacked up on coffee" I just have to see that scene again. Thats what i normally do so not much change there. Exists seem to be: "If something funny is going on or things seem to calm down and you are in profit, exit."

Inserted Video


I think when Woodys fast and slow CCI cross, if both is pointing the same way as the fast cross the slow or something, thats an interesting event, if it happens within the 100 -100 zone its not that interesting though since nobodys doing anything and thing are just very boring.

It seems there is quite a lot of discretionary judgement in the Woody signals, for instance, how many bars can a trendline be for a trendline break signal?
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  • #224
  • Feb 18, 2011 3:10am Feb 18, 2011 3:10am
scalping strategy with
http://www.forexfactory.com/showthread.php?t=280881

with MA Cross 3MACross Alert Warn Sig:
http://codebase.mql4.com/3148

I don't like *ex4 files due to the fact you don't can't look at the code. What a pity!

FXcube
  • #225
  • Edited 4:24am Feb 18, 2011 4:04am | Edited 4:24am
Quoting Forexcube
scalping strategy with
http://www.forexfactory.com/showthread.php?t=280881

with MA Cross 3MACross Alert Warn Sig:
http://codebase.mql4.com/3148

I don't like *ex4 files due to the fact you don't can't look at the code. What a pity!

FXcube
Well those are the usual stuff i found here somewhere, whats the difference between mq4 and ex4 anyway?

Ill remove those ex4 anyway

Its hardly any use trying to demotrade today, Alpari is not being my friend today, requote, trading context busy, requote, trading context busy etcetera.

Think ill watch a movie and eat icecream instead. Well this is how Alpari manages to crap all over my fictional account.
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  • #226
  • Feb 18, 2011 4:57am Feb 18, 2011 4:57am
Quoting yaed
Well those are the usual stuff i found here somewhere, whats the difference between mq4 and ex4 anyway?

Ill remove those ex4 anyway

Its hardly any use trying to demotrade today, Alpari is not being my friend today, requote, trading context busy, requote, trading context busy etcetera.

Think ill watch a movie and eat icecream instead. Well this is how Alpari manages to crap all over my fictional account.
Hi yaed

Sorry for my manner of expression. Alpari is getting more and more a great nonsense since three quarters of a year with his behavior...to conduct dishonestly. I wouldn't waste any time more at this broker!

FXcube
  • #227
  • Edited 5:30am Feb 18, 2011 5:16am | Edited 5:30am
Quoting Forexcube
Hi yaed

Sorry for my manner of expression. Alpari is getting more and more a great nonsense since three quarters of a year with his behavior...to conduct dishonestly. I wouldn't waste any time more at this broker!

FXcube
Well they arent as bad with my live account, but they arent too good with it either. Which ones would you prefer over Alpari?

Ive surfed around and it seems really hard to find one thats even close to OK.

I get bored by most movies, the content are repeated over and over again: Dude/dudes gets into trouble but meets woman, must accomplish meaningless task while jabbering incoherent dialogue done a thousand times. Things look up after initial trouble, then there is "unexpected problem" but eventually through means of collaboration with others or the woman or perhaps through inherent personal cababilities seen as extraordinary dude/dudes eventually emerges victorious through the meaningless task.

Apply middle aged people = Drama
Apply formula with so called "withy dialogue" = Komedi
Apply violence = Action
Applys some popular "scientific" concepts in an incoherent manner = Science fiction
Apply multitude of close ups of woman and man = Romance
Apply scary music and a bit of violence = Thriller
Apply violence and scary music = Horror

Mix any of the above into multi genre movie, often resulting in multiplied incoherence and confused plot.
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  • #228
  • Edited 6:43am Feb 18, 2011 5:54am | Edited 6:43am
I think old Woodie has been sucking on the old crackpipe for a bit:

"The hook from extreme (HFE) trades are formed when the CCI prints a bar at or past the +/- 200 and then
starts hooking back toward the zero-line. This trade is a very difficult trade. The HFE pattern is used as
one of the Woodies CCI exit signals as well."

The chart used to indicate this simply indicates that if CCI has been beyond 200 -200 then on the next bar, given that its getting closer to 0 then the last, you should enter. To explain that in the above way is what i would qualify as "smoking crack".

1) How can it be difficult, a child with one finger can do it?
2) The shape of a hook is not needed to qualify as the definition given, the "shape of a hook" description is a description someone that just smoked a lot of crack would perhaps say, when in fact all that is needed is a decrease/ increase towards the 0 line.
3) About this and the other signals is given little explanation of the statistical inference of how often this works out. It would be very easy to verify if one wanted to. Perhaps its best if each and everyone verifies this on their own.

Here is my assesment: No

About the reverse divergence and trend line break patterns i say this: They in essence mean that if something happens to the CCI, on the side that something happend last time or something maybe, you will enter in that direction. That is becuase the trend line pattern means if the CCI gets lower/higher then before, it gives signal

The reverse divergence pattern makes use of the future fact that the third CCI hill will be higher then the others, which is far from certain if you look at the chart.

Generally about the other signals i would say it would generate about ooh i dont know...12 signals an hour on M1, maybe 4 of those remotely profitable the rest not so much so.

Perhaps its the trendline break pattern thats most interesting, i dont know if i would call it a good place to enter but still. Nope its really not a good place to enter, it might be interesting to tell that there is a fast move, but then there are a gazzlion other ways to show that.

The trend line break at page 15 is not at all similar to the later trend line break as explained in page 36. I repeat, they are in no way similar to eachother.

Thank you Boomslang for pointing out this piece of brasent subversion of uncritical minds.

The fact that people would pass all that of as a strategy makes me sick to my stomach.
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  • #229
  • Feb 18, 2011 6:22am Feb 18, 2011 6:22am
Quoting yaed
Well they arent as bad with my live account, but they arent too good with it either. Which ones would you prefer over Alpari
Hi yaed

Please bear with me when I don't publish my real brokers. It's more a kind of security question concerning different aspects.

Kindest regards
  • #230
  • Feb 18, 2011 6:42am Feb 18, 2011 6:42am
Quoting Forexcube
Hi yaed

Please bear with me when I don't publish my real brokers. It's more a kind of security question concerning different aspects.

Kindest regards
Yes i understand, you dont have to do that, just mention one that is perhaps slightly better then Alpari. Perhaps one that your friends use or such.
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  • #231
  • Feb 18, 2011 7:26am Feb 18, 2011 7:26am
EURUSD Enter Short at 1.3630 and ~1.3650 (Fib 50%/2011.02.02-2011.02.14)
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  • #232
  • Feb 18, 2011 7:36am Feb 18, 2011 7:36am
Quoting Forexcube
EURUSD Enter Short at 1.3630 and ~1.3650 (Fib 50%/2011.02.02-2011.02.14)
You bet, im with ya there buddy! On demo, i dont dare trade G20 and G8 meetings.

As you can see from my template, it bounce between the outmost envelope and MA 9. That was one of the most violent upmoves ive seen in a long time.
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  • #233
  • Feb 18, 2011 7:59am Feb 18, 2011 7:59am
Quoting yaed
You bet, im with ya there buddy! On demo, i dont dare trade G20 and G8 meetings.

As you can see from my template, it bounce between the outmost envelope and MA 9. That was one of the most violent upmoves ive seen in a long time.

Yes, indeed!
  • #234
  • Feb 18, 2011 8:01am Feb 18, 2011 8:01am
Sometimes I trade news like this.

Draw some support & resistance lines. If it will be broken then go in the market. It's possible to set pending orders.

Deficit Management: If the market price will come back so hedge these at higher timeframes or set SL 10 pips difference (incl. spread).
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  • #235
  • Feb 18, 2011 8:15am Feb 18, 2011 8:15am
Quoting Forexcube
EURUSD Enter Short at 1.3630 and ~1.3650 (Fib 50%/2011.02.02-2011.02.14)
EURUSD M1-Trading

Some of my trades today at a 500'000.-$ Account.

If you intend to trade M1 the whole day long you could get wet and it might be that you could lose your money!

Pips-fishing
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  • #236
  • Edited 9:04am Feb 18, 2011 8:42am | Edited 9:04am
I got tired of looking at that, it was a little to violent on the way up, i guess thats why i dont trade conferences and stuff like that.

Also seems i judged that valley pretty good for a time to close the hwole thing on.
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  • #237
  • Feb 18, 2011 9:23am Feb 18, 2011 9:23am
..and several orders more at M1 Scalping Level.
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  • #238
  • Feb 18, 2011 9:30am Feb 18, 2011 9:30am
...and at Monday may be you could make more profit with the short trades if market should react at CCI(14) H4 neg. divergence.
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  • #239
  • Feb 18, 2011 9:43am Feb 18, 2011 9:43am
Hey Cube, the candle i market, isnt that a place where you would normally enter? Why didnt you, what ticked you off to show it was going to shoot straight up that far?

I have my 1440 MA that i use to try to show me that, but you dont so im curious how you avoid this, because i think i have a lot to learn there, using the 1440 means its often in the way prohibiting me from a lot of otherwise nice trades.
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  • #240
  • Feb 18, 2011 9:55am Feb 18, 2011 9:55am
Quoting yaed
Hey Cube, the candle i market, isnt that a place where you would normally enter? Why didnt you, what ticked you off to show it was going to shoot straight up that far?

I have my 1440 MA that i use to try to show me that, but you dont so im curious how you avoid this, because i think i have a lot to learn there, using the 1440 means its often in the way prohibiting me from a lot of otherwise nice trades.
Hi yaed

1st: Look at
http://www.forexfactory.com/showthread.php?t=249257, #4 & #9

2nd. You have to analyse higher timeframe before you trade the lower ones.

3nd: The starting ascending EMA lines are signaling an upward movement with growing momentum and vola.

Moreover: The market price are running above the EMA200 since 5 bars before and there is the important Pivotal DS1 at 1.3555 that hasn't been broken down.

That's clear: All parameters don't are valid (powerful) at smaller timeframes like the S30/M1/M5.

So my answer is:
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