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Trading system using relative strength

  • #1,581
  • Jun 7, 2011 7:10pm Jun 7, 2011 7:10pm
Here's what my new daily looks like.

You guys should be posting the same stuff you are asking for too. Keep the field level for everyone.
Attached Image
To improve is to change. To perfect, is to change often.
  • #1,582
  • Jun 7, 2011 7:12pm Jun 7, 2011 7:12pm
Here are my trades for tonight.
Attached Image (click to enlarge)
Click to Enlarge Name: ccfplive.gif Size: 133 KB
  • #1,583
  • Jun 7, 2011 7:20pm Jun 7, 2011 7:20pm
this is what I have on today's signals.
Following are the criteria s I have on all time frame.


X offset 200
Y offset 300
use current Yes
use Bar instead of MA false
trade level 1
Attached Image (click to enlarge)
Click to Enlarge Name: ccfplive.gif Size: 53 KB
  • #1,584
  • Jun 7, 2011 7:22pm Jun 7, 2011 7:22pm
Took pairs when they matched at least TWO time frame
  • #1,585
  • Jun 7, 2011 7:24pm Jun 7, 2011 7:24pm
Here is the histogram template
Attached Image (click to enlarge)
Click to Enlarge Name: ccfplive.gif Size: 20 KB
  • #1,586
  • Jun 7, 2011 7:54pm Jun 7, 2011 7:54pm
Here are my trades. I opened them all at the same time nearly 3 hours ago just after 6 PM EST today.

Attached Image (click to enlarge)
Click to Enlarge Name: 6-7-11.jpg Size: 156 KB
Always a Student, Never a Master - Emulate What Works
  • #1,587
  • Jun 7, 2011 8:03pm Jun 7, 2011 8:03pm
Does using the Bar compared to using the MA matter?

I notice that FH is using the Bar but ES is using the MA

I also notice they give totally different signals
  • #1,588
  • Jun 7, 2011 8:05pm Jun 7, 2011 8:05pm
Gentlemen, copy this pic to your desktop. It's all you need to know in order to trade baskets successfully with the CCFp v2 indi.
Attached Image (click to enlarge)
Click to Enlarge Name: open.gif Size: 52 KB
To improve is to change. To perfect, is to change often.
  • #1,589
  • Jun 7, 2011 8:14pm Jun 7, 2011 8:14pm
Awesome thank you FH...

I'll apply your suggestions now.
Here are my orders at the moment. I was astounded at how fast they moved into profit!
Attached Image (click to enlarge)
Click to Enlarge Name: sshot-1.png Size: 93 KB
  • #1,590
  • Jun 7, 2011 8:17pm Jun 7, 2011 8:17pm
Thanks for posting that forexhard, that helps alot.

FWIW, I just closed all my trades that I showed above once they were up over 100 pips, it was 113 pips by the time I closed them all out.

Aside from being up over 100 pips in 3 hours, the indicator changed the many of trades that it had suggested earlier and so I figured now is as good time as any to just get out.
Always a Student, Never a Master - Emulate What Works
  • #1,591
  • Jun 7, 2011 8:17pm Jun 7, 2011 8:17pm
Quoting forexhard
Gentlemen, copy this pic to your desktop. It's all you need to know in order to trade baskets successfully with the CCFp v2 indi.
Thanks FH
  • #1,592
  • Jun 7, 2011 8:19pm Jun 7, 2011 8:19pm
Closed the trades I took this AM Post # 1547.
+184 pips. May be magic of basket trading!!
Attached Image (click to enlarge)
Click to Enlarge Name: ccfp5.gif Size: 167 KB
  • #1,593
  • Jun 7, 2011 8:20pm Jun 7, 2011 8:20pm
Here's the template for that screen shot.
Attached File(s)
File Type: tpl ccfp_daily stack.tpl   176 KB | 1,333 downloads
To improve is to change. To perfect, is to change often.
  • #1,594
  • Jun 7, 2011 8:28pm Jun 7, 2011 8:28pm
So from each fast/slow 'stack' we are able to take trades, correct?

If so that makes it easier for me to create baskets.
I don't mind the slow pairs.
  • #1,595
  • Jun 7, 2011 8:37pm Jun 7, 2011 8:37pm
That's not what the pic says. Please read it closer...
To improve is to change. To perfect, is to change often.
  • #1,596
  • Jun 7, 2011 8:44pm Jun 7, 2011 8:44pm
Quoting forexhard
That's not what the pic says. Please read it closer...
Sorry mate... I'm just a bit too quick off the mark for my own good sometimes.

Makes sense, I will give it a go :-)
  • #1,597
  • Jun 7, 2011 8:48pm Jun 7, 2011 8:48pm
In that example the Trade Level 3 side is saying the opposite as the Trade Level 2 side. Is that common? How do you get pairs on both sides?

For example, Level 3 side says Sell EURAUD and Level 2 side says Buy EURAUD.
  • #1,598
  • Jun 7, 2011 9:01pm Jun 7, 2011 9:01pm
Quoting BlackStack
In that example the Trade Level 3 side is saying the opposite as the Trade Level 2 side. Is that common? How do you get pairs on both sides?

For example, Level 3 side says Sell EURAUD and Level 2 side says Buy EURAUD.
Wait and wait some more? It's FH's filter for over trading I'm guessing.
  • #1,599
  • Jun 7, 2011 9:02pm Jun 7, 2011 9:02pm
Quoting BlackStack
In that example the Trade Level 3 side is saying the opposite as the Trade Level 2 side. Is that common? How do you get pairs on both sides?

For example, Level 3 side says Sell EURAUD and Level 2 side says Buy EURAUD.
~Do you understand that there is a slow side and a fast side?

~Do you understand that the 2 sides are prepped differently, and that this is intentional?

If you can answer the "why" behind those 2 lines, then you can answer your own question.
To improve is to change. To perfect, is to change often.
  • #1,600
  • Jun 7, 2011 9:04pm Jun 7, 2011 9:04pm
Quoting the-game
Wait and wait some more? It's FH's filter for over trading I'm guessing.
Spot on. Over trading is the #1 reason why traders fail. #2 is poor money management -- aka, trying to get rich quick.
To improve is to change. To perfect, is to change often.
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