Trading system using relative strength | Page 115 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading System Using Relative Strength-Part 2 1,499 replies

Updated CCFp and CFP indis for relative strength trading 55 replies

Relative Strength Basket Trading System 3,479 replies

Dyekid217 Trading relative strength and CICR 0 replies

VT Moving Averages of Relative Strength Index Alert Wanted 1 reply

Attachments: Trading system using relative strength
Exit Attachments

Trading system using relative strength

  • #2,281
  • Dec 19, 2011 4:33am Dec 19, 2011 4:33am
Quoting Hugh Briss
Any method you use to take trades with the trend will work out well.
Yes. I basically don't have a lot of confidence, yet. I guess what is appealing is the visualization of fundamentals of the market which I understand and can corroborate, given to me in the form of a colored line.
  • #2,282
  • Dec 19, 2011 5:06am Dec 19, 2011 5:06am
Hello Everybody. I am just wondering if it works on Renko Charts. As this system is time based and Renko is Price based. Any comments and help would be highly appreciated and helpfull. Thanks
  • #2,283
  • Dec 19, 2011 8:41pm Dec 19, 2011 8:41pm
If I am using CC-Diff indicator on a daily chart how often will it refresh? I would assume at the close of the daily candle?
Please ask questions and share your experiences with us all!
  • #2,284
  • Edited 8:08am Dec 20, 2011 7:51am | Edited 8:08am
Hi guys hows it going. I find that the histogram method doesn't get me in many trades. I am using the original CCFP with the +'s and -'s with the excel spreadsheet. I am only trading at the start of the new daily candle. Even 4 hrs after is alright since there's still plenty of time to make some pips on the daily.

my new daily comes out at 5pm est so at 9pm i place all my trades with buys/sells equally matched.

In the past week I have been trading live I am up +360 pips with 260+ floating as we speak. Profit has already been locked in and I'm pretty happy about a 10% gain in a week. Wonderful

Let's get this method alive again because it's extremely simple and profitable. But only use the signals and suggestions combined with analysis to make your decisions

P.S. I think I'm taking this from ronald raygun.. (not sure dont feel like looking through the entire thread) but I'm using a 100 or 75 pip SL based on the lows or highs and a 35 pip TS. I let my trades run until I get stopped out either way..
  • #2,285
  • Dec 21, 2011 10:46am Dec 21, 2011 10:46am
closed another basket for +375 pips. Only took 4 hours but I sure was happy when I saw the price had moved quite fast!

im up 25% on the week (live trading with $1k usd account)


bkg- if the setting on the ccfp for show current is set to -false then the indicator will update at every new bar depending on which timeframe you are looking at. I don't like show current. I find that the original indicator works just fine with no tweaks. But I only use this as part of my analysis.
  • #2,286
  • Dec 21, 2011 11:06am Dec 21, 2011 11:06am
Quoting IndianTiger
Hello Everybody. I am just wondering if it works on Renko Charts. As this system is time based and Renko is Price based. Any comments and help would be highly appreciated and helpfull. Thanks
Interesting idea, what renko box size are you thinking of?
  • #2,287
  • Dec 21, 2011 3:36pm Dec 21, 2011 3:36pm
Renko would be a pretty cool idea, maybe hop in after a new box confirms the entry?
  • #2,288
  • Dec 22, 2011 12:35am Dec 22, 2011 12:35am
Quoting Dyekid217
Renko would be a pretty cool idea, maybe hop in after a new box confirms the entry?
I'm just playing around with this idea now, looking at a 50 pip brick size but maybe 25 would be better? 50 does seem to give nice clear signals, reasonable stops and good r:r for a system on it's own if you use s/r.
  • #2,289
  • Dec 22, 2011 6:25am Dec 22, 2011 6:25am
i think 25 would be great.. even 20 maybe.

Using the daily ccfp system I pulled in another 200 pips last night.

I'm up 1100+ since I started trading live last monday

Maybe I'll quit my job soon haha
  • #2,290
  • Dec 22, 2011 6:31am Dec 22, 2011 6:31am
Quoting Dyekid217
i think 25 would be great.. even 20 maybe.

Using the daily ccfp system I pulled in another 200 pips last night.

I'm up 1100+ since I started trading live last monday

Maybe I'll quit my job soon haha
very exciting! do you have Forex Factory Trades Beta set up? so that we can watch the performance.. i'm also using the old method, trying to define my timing rules and exit strategy..
  • #2,291
  • Dec 22, 2011 6:57am Dec 22, 2011 6:57am
I'll be sure to set that up!

possibly I'll start a trade journal as well
  • #2,292
  • Dec 23, 2011 4:29pm Dec 23, 2011 4:29pm
Quoting bkg102665
If I am using CC-Diff indicator on a daily chart how often will it refresh? I would assume at the close of the daily candle?

BKG: It should do that. There are various indicators on this thread. I'm back here to finishing reading it in entirety because my results have been so good but a mystery has appeared.

Here is what I am noticing: the template called "complete_cffp" does update - in fact suggestions are changing in between candle closes! That template has histograms from 240 all the way to monthly, plus boxes of suggested trades. It appears to be to be the exact same version of the indicator, "CCFpDiff_[v2.0]" that I have attached separately on various charts.... at least it is NAMED exactly the same: but in two respects, it is not the same. First, the template version has rapid real time updating of both histograms AND trade suggestions - in between candle closes - it's really cool. Second, the suggestions, and histograms, are totally different, I mean, between the "CFFp-Diff_[v2.0] that I've had posted on various charts, and the ones on that template, which I discovered several days later. They do not at all ressemble each other.

I came to the template version by doing a search on the thread before having read the thread in its entirety. I began by using the indicator alone, and may have lucked out with it on demo, but now I am live, and using the template, which I can see updating right in front of me, seems to be a better choice - and the trading results have been all positive even if I have been a bit cautious.

I'm interested in the renko application for timing of entry though i have not tried it yet. How I deal with timing is by examining the lower time frame histogram pictures, and secondarily, trade suggestions, on the "cffp_complete" template

Bottom line is: I am optimistic about this system and am grateful to the great Ferrufx, wherever he is - I tried to locate him online to thank him -for his indicators.
  • #2,293
  • Dec 23, 2011 5:01pm Dec 23, 2011 5:01pm
Quoting Greenstar
BKG: It should do that. There are various indicators on this thread. I'm back here to finishing reading it in entirety because my results have been so good but a mystery has appeared.

Here is what I am noticing: the template called "complete_cffp" does update - in fact suggestions are changing in between candle closes! That template has histograms from 240 all the way to monthly, plus boxes of suggested trades. It appears to be to be the exact same version of the indicator, "CCFpDiff_[v2.0]" that I have attached separately on various charts.......
Having looked into it I don't think renko would be suitable for this system as the entries are very precise even though very high probability if used in the right way.

I personally am using s/r, moving averages and stochastics in my thread "The seventh wave". For me choosing a direction based on trend works much better than arbitrarily following an indicator.
  • #2,294
  • Dec 23, 2011 5:34pm Dec 23, 2011 5:34pm
ALoha, Hugh: I run through several templates including support and resistance - especially like weekly and monthly pivots and sr - so I never ever make a trade based only on indicators. I recognize wedges and draw trendlines.

I like the suggestions I get from the relative strength based trading indies. They've caused me to explore what I'd call "odd" pairs.

I've benefitted very much from a stochastics indicator - a whole bunch of stochastics put into one window. The discussion is on Spudfire's or Spud's stochs thread or similarly titled. I will in course of time go over and explore your thread; I had begun to do so several days ago.
  • #2,295
  • Dec 27, 2011 10:13am Dec 27, 2011 10:13am
got pretty stupid and entered on some thin markets.. killed me for -400 pips. I'm still up 600 on the month so I think I'm gonna wait til next year.

Do you guys find that trading every 4hr candle is better than trading the daily?
  • #2,296
  • Dec 27, 2011 12:40pm Dec 27, 2011 12:40pm
Quoting Dyekid217
got pretty stupid and entered on some thin markets.. killed me for -400 pips. I'm still up 600 on the month so I think I'm gonna wait til next year.

Do you guys find that trading every 4hr candle is better than trading the daily?

Great to see more are trading this system. Yes, it is quite profitable. Try to stay on daily time frame. Try trading preferably when market is more active. I am not going to trade until beginning of new year. Right now most of the traders are on vacation. I usually trade Monday to Thursday, usually close all positions by Friday AM.

Good Luck and Happy New Year to you all.

Kris
  • #2,297
  • Dec 27, 2011 1:41pm Dec 27, 2011 1:41pm
Yeah I made a mistake of hopping back into the market after losing 100 pips on Friday. Not sure why I did but atleast I learned a lesson and still positive !!

Cheers and thanks for this great system!! I've only been trading it for two weeks so I'm excited to see the results at the start of a new quarter and year!
  • #2,298
  • Dec 27, 2011 11:31pm Dec 27, 2011 11:31pm
Quoting Dyekid217
Yeah I made a mistake of hopping back into the market after losing 100 pips on Friday. Not sure why I did but atleast I learned a lesson and still positive !!

Cheers and thanks for this great system!! I've only been trading it for two weeks so I'm excited to see the results at the start of a new quarter and year!
Hi all
i from Turkey

i m new here.

i made 8 hours ago. but i dont understand where i made a mistake.

http://s2.imagestime.com/out.php/i629439_Adsz.png
  • #2,299
  • Dec 28, 2011 1:24am Dec 28, 2011 1:24am
hello, I'm not trading anymore this year since the markets are thin. Made my mistake already and learned from it! Cheers.. see you in 2012
  • #2,300
  • Dec 28, 2011 12:41pm Dec 28, 2011 12:41pm
Quoting Dyekid217
hello, I'm not trading anymore this year since the markets are thin. Made my mistake already and learned from it! Cheers.. see you in 2012
dont understand where i made a mistake.

i entered 40 min. ago

http://s3.imagestime.com/out.php/i629757_Adsz.png
5 traders viewing now