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Getting it right

  • #1
  • First Post: Jun 13, 2011 1:26am Jun 13, 2011 1:26am
using cci...
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  • #2
  • Jun 13, 2011 10:18pm Jun 13, 2011 10:18pm
Want to go into more detail on how to use the CCI right? There is a few ways to use this indicator.
  • #3
  • Jun 13, 2011 10:42pm Jun 13, 2011 10:42pm
Quoting Dredding82
Want to go into more detail on how to use the CCI right? There is a few ways to use this indicator.
I am more comfortable using a zerolag macd indi, experimenting with cci.
Here the entry was short on a cross down 100.
It was a good trade but my target was s1 with stop just above the pivot.

What are some of the other ways to use cci?
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  • #4
  • Jun 13, 2011 10:45pm Jun 13, 2011 10:45pm
Quoting jiva34
I am more comfortable using a zerolag macd indi, experimenting with cci.
Here the entry was short on a cross down 100.
It was a good trade but my target was s1 with stop just above the pivot.

What are some of the other ways to use cci?
You can use it as a reversal indicator when its in the 200 or -200 zone and a few other ways if i remember right...you should research any indicator you are trying to use and just read as much crap as you can about so you can find what works best for you.
  • #5
  • Jun 13, 2011 11:12pm Jun 13, 2011 11:12pm
Quoting Dredding82
You can use it as a reversal indicator when its in the 200 or -200 zone and a few other ways if i remember right...you should research any indicator you are trying to use and just read as much crap as you can about so you can find what works best for you.
Thanks for the reminder about the cci reversal signal. Since I have been mostly trading a divergence with the zerolag macd this may incorporate nicely. If I dare use the word "incorporate" in today's sociopolitical environment.
  • #6
  • Jun 14, 2011 2:26am Jun 14, 2011 2:26am
cci turns early. gives a good alert.
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  • #7
  • Jun 15, 2011 2:37am Jun 15, 2011 2:37am
wait 5 to 10 minutes after events to look for signals on 1 min.
Events are market opens
data releases.
never enter before event no matter how "good" things look.
Even if there is a signal.
The momentum associated with events very often override even good signals, the move can be a weak move being overwhelmed by the event.
The risk involved in entering before an event is very great.

Frankfurt open, London open, US open and watch the calendar for data releases.

My losses are always related to entering at the wrong time in relation to events.
  • #8
  • Jun 15, 2011 3:27pm Jun 15, 2011 3:27pm
Quoting jiva34
I am more comfortable using a zerolag macd indi, experimenting with cci.
Here the entry was short on a cross down 100.
It was a good trade but my target was s1 with stop just above the pivot.

What are some of the other ways to use cci?
Hi jiva34

Your system is simple and effective. Why to have put in other parameters? If a few signals could come a little too late so you could change at smaller timeframes then you haven't this lagging aspect any more.

CCI could give one more powerful with your indicators, may be a little earlier.
I love the CCI(14) and have it incorporated in many of my trading systems. The CCI divergence aspect is a great help, also.

Kindest regards
FXcube
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  • #9
  • Jun 15, 2011 3:35pm Jun 15, 2011 3:35pm
Quoting jiva34
cci turns early. gives a good alert.

Here the same!

Note: M1 Divergences are not so powerful as Divergences at higher time frames (M30 or H1).

Kindest regards
FXcube
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  • #10
  • Jun 15, 2011 11:34pm Jun 15, 2011 11:34pm
Quoting Forexcube
Here the same!

Note: M1 Divergences are not so powerful as Divergences at higher time frames (M30 or H1).

Kindest regards
FXcube
Thanks for the response.
Will look into cci divergence on higher time frames.

Am taking a break from divergent trading for a little while.
I'll get back to it.
My pattern recognition is becoming clouded.
Like when I stare at the road driving for a long distance. Asleep with eyes open.
My plan was to build a balance by repeating the same trade over and over, but I didn't consider how a kind of "trading fatigue" might set in. Not boredom exactly just a kind of haze or fog coming from repetitive action. A set up for error in judgment. Like going brain dead.

So am taking a little break and experimenting with "power of 3" reversals.

This may be a strategy for successful trading to switch periodically between trading styles.
Like exiting a good trade while it is still running my favor.
Switch to a different trading pattern while the present one is bringing in winning trades.
Keep the brain alert.

  • #11
  • Jun 16, 2011 12:33am Jun 16, 2011 12:33am
power of 3

3 candles (or more) in a row same direction the high of each higher than the one before, or the low of each lower than the one before.
a reversal candle that goes lower than the on before but closes higher than it opened.
enter on next candle in the direction of the reversal.
stop below low of reversal candle for long or above high of reversal candle for short.
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  • #12
  • Jun 16, 2011 12:59am Jun 16, 2011 12:59am
interesting to note, continuation pattern
cci moved over 200 and then back down below 200, extremely overbought, but the candles did not reach a new high, they formed a lower high,
the downtrend could then be seen as continuing...
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  • #13
  • Jun 16, 2011 2:12am Jun 16, 2011 2:12am
1st trade entry was not quite right, the reversa;l candle should have closed below the last candle in down series and then closed up.

the 2nd trade the entry was perfect. the doji rose higher than the last candle in the series then moved down to form the doji. classic evening star.
could have stayed in longer...
cci confirmed the down trend was till in tact, since cci reached over bought and the candles made a new low at the same time.
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  • #14
  • Jun 17, 2011 10:28am Jun 17, 2011 10:28am
3 down candles.... bounce off pivot
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  • #15
  • Jun 17, 2011 10:30am Jun 17, 2011 10:30am
more than 3 up candles, pull back from R1
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  • #16
  • Jun 17, 2011 1:06pm Jun 17, 2011 1:06pm
3 good trades... (simulator)
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  • #17
  • Jun 18, 2011 2:45pm Jun 18, 2011 2:45pm
Back to divergence zerolag Macd

looking at 4hr...
At first I was puzzled. Why was this such a bad signal?
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  • #18
  • Jun 18, 2011 2:52pm Jun 18, 2011 2:52pm
But then I could see this was actually a good signal.
Not for an entry but for an exit.

The first signal for long is the predominant trade.
The second signal simply shows weakness and a good time to exit.

The sequence of the signals is significant.

To trade this effectively 2 positions should be opened. When the signal for weakness appears exit one position.
Move the stop for 2nd position to just above break even.

This would have been an humungous profit trade...

Moving the stop under swing lows...

I will be looking at signals differently now. This may help to differentiate so called bad signals. That they may simply be exit signals rather than entry signals...
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  • #19
  • Jun 18, 2011 3:01pm Jun 18, 2011 3:01pm
Again the same thing..
The "bad signal" is simply showing a good exit point for the first position and time to move the stop for the second position to just beyond break even.

This is on the 4hr.
want to take a look at how this works on the 1 min...
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  • #20
  • Jun 18, 2011 3:10pm Jun 18, 2011 3:10pm
good exit point when slow zerolag crosses .

Since trading is more or less range bound this would have also been a good entry point long since divergence is there in the fast zerolag.

good swing trade..
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