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Two Tube Trading

  • #1,401
  • May 1, 2012 5:55am May 1, 2012 5:55am
Complex trading system #8 (CCI Divergence Breakout)

Description : This strategy uses hidden divergence and price action to take a breakout trade.

http://forex-strategies-revealed.com...gence-breakout
  • #1,402
  • May 1, 2012 5:59am May 1, 2012 5:59am
CCI Forex Floor Trader System
Written by Willy FX

First and foremost, CCI forex floor trader system works best in a trending environment. The system is made up of two simple moving averages and the Commodity Channel Index indicator. Let's begin with preparing our forex charts.

Chart Preparation:

Time Frame: 30 min and higher
Currency Pairs: Any

Used Trading Indicators:

 

  1. 4 period Simple Moving Average (4 SMA)
  2. 26 period Simple Moving Average (26 SMA)
  3. 49 period Commodity Channel Index CCI (49 CCI)

Entries:

Enter long if 4SMA crosses 26 SMA from below and CCI crosses back above 0.
Enter short if 4SMA crosses 26 SMA from above and CCI crosses back below 0.

Stop Loss:

For long trades: Initial stop loss is placed 1 pip below the most recent swing low.
For short trades: Initial stop loss is placed 1 pip above the most recent swing high.

Preferred Take Profit Methods:

1) Risk-to-reward ratio 1:2 or better
2a) For longs: exit the trade when a bearish candlestick pattern occurs in the market.
2b) For shorts: exit the trade when a bullish candlestick pattern occurs in the market.

Example: Short trade entry, EUR/USD hourly chart

http://www.fxtsp.com/images/stories/...-strategy3.gif


4 SMA crosses 26 SMA from above. Six bars later, the CCI indicator goes back below 0. We enter short at market on the close of the candlestick. Initial stop loss is placed 1 pip above the most recent swing high.

Trading Example: CCI Forex Floor Trader System, EUR/USD 1 Hour Chart

http://www.fxtsp.com/images/stories/...g-strategy.gif


4 SMA crosses 26 SMA from below. Nine bars later, CCI goes back above 0 and we enter long at market on the close of the candlestick. We enter long at 1.3551. Our stop loss is placed 1 pip below the most recent swing low at 1.3509. In this situation our stop loss is 42 pips away from our entry at 1.3551. The EUR/USD moved over 100 pips in our favor (see picture below).

http://www.fxtsp.com/images/stories/...-strategy2.gif


http://www.fxtsp.com/trading-strateg...er-system.html
  • #1,403
  • May 1, 2012 6:03am May 1, 2012 6:03am
Maybe you can adapt these strategies (#1401,#1402) to suit your trading style.
Good Luck!
FXcube
  • #1,404
  • May 1, 2012 6:14am May 1, 2012 6:14am
Note
I don't like to make my trading decisions solely in the focus of some indicators without any Multiple Time Frame Analysis. MTFA is for me the first work what I have to do before I take indicators into account. Monitoring the CCI over all timeframes is an absolutely must for me by making any trading decisions.
FXcube
  • #1,405
  • May 1, 2012 8:10am May 1, 2012 8:10am
Hey all,

I had much to do during the last weeks and hadn't so much time. But I followed the thread in the background and have to say that FXcube is far the best trader I know. Sure I always knew that he's good, but he's really something like a trading god. Especially the timing in scalp trades is just perfect.

I can only give newcomers the advice to read the whole thread word by word and try to learn.

My account is slowly growing and I'm happy so far, but enough have been said. My actual trades:

GBPUSD LTT Short; Target 1,6122/1,6000/1,5850(Monthly); Maybe further up because of the news, but it will come back

EURUSD some small shorts, but breakout upwards possible. I speculate a bit on the French elections. So more longterm, too.

GBPAUD Short Weekly CCI Divergence; Target 1,538 and further down

Have a great day
Master Yoda
  • #1,406
  • May 1, 2012 12:43pm May 1, 2012 12:43pm
For some dumb reason I used some SL on 3 trades. all 3 hit the SL and if I would not have used it they would have taken profit
I just felt funny and had to go out and couldn't watch them
1.6% of balance. Made about 1/2 back today
but double work
Live and learn
  • #1,407
  • May 1, 2012 12:45pm May 1, 2012 12:45pm
Good job

I got off track the last week or so leting some other thread influnce what I was doing...
Back on track myself
although these have been the funky times to trade mostly scalping
which I am glad we are learning here


Quoting MasterYoda
Hey all,

I had much to do during the last weeks and hadn't so much time. But I followed the thread in the background and have to say that FXcube is far the best trader I know. Sure I always knew that he's good, but he's really something like a trading god. Especially the timing in scalp trades is just perfect.

I can only give newcomers the advice to read the whole thread word by word and try to learn.

My account is slowly growing and I'm happy so far, but enough have been said. My actual trades:

GBPUSD LTT Short; Target...
  • #1,408
  • May 1, 2012 2:32pm May 1, 2012 2:32pm
but still in green ..

+2.17%
  • #1,409
  • Edited 5:37pm May 1, 2012 4:52pm | Edited 5:37pm
Scalping Real Account
Beginning Date: 2012 April 16 (see p.77, #1144; Trading Plan, p.77, #1143)
Today 2012 Mai 01
Profit: 33.88$
(+6.7%, Basis 501.67)
Equity: 535.55$
Balance: 606.19$
(Target: 1.25% per Day)
Attached Image (click to enlarge)
Click to Enlarge Name: 500$RA, Profit Today 2012 Mai 01.jpg Size: 276 KB
  • #1,410
  • May 1, 2012 4:56pm May 1, 2012 4:56pm
Scalping Real Account
Beginning Date: 2012 April 16 (Trading Plan, p.77, #1143)
LOM
The open Trades from April 23/24 will be managed by LOM.
Attached Image (click to enlarge)
Click to Enlarge Name: 500$RA, Profit Today, 2012 Mai 01.gif Size: 36 KB
  • #1,411
  • Edited 7:42pm May 1, 2012 5:04pm | Edited 7:42pm
Swing Trade Real Accounts
Actual Result (2012 Mai 01):
Swiss-Account-A-14 > Equity: 2'618.25$, Profit: +271.49$ (+11.5%), (Basis: 2'346.76$)
Swiss-Account-B-48 > Equity: 2'606.16$, Profit: +222.83$ (+9.3%), (Basis: 2'383.33$
---
Beginning Date: 2012 April 05, 0:15 GMT+2, see p.60, #889;
Swiss-Account-A-14 > Equity: 2'346.76$
Swiss-Account-B-48 > Equity: 2'383.33$
Target: 0.5% per Day/10% per Month (Total: 25.-$ per Day/500.-$ per Month, Basis: 5'000.-$);
Trading Plan, p.62, #925;
History: p.65, #967; p.66, #981; p.70, #1040; p.73, #1088;
  • #1,412
  • May 1, 2012 9:51pm May 1, 2012 9:51pm
2012 Mai 02
40-192.74; 34-124.95; 12-542.20; 48-2'608.41; 14-2'618.24
T6'086.54
  • #1,413
  • May 2, 2012 1:19am May 2, 2012 1:19am
Tremendous discipline Tremendous success and Patinece Hats off dude...........You are doing a great job............You new sma scalping technique is also awesome. Take care and keep helping Regards Aman
Quoting Forexcube
Scalping Real Account
Beginning Date: 2012 April 16 (see p.77, #1144; Trading Plan, p.77, #1143)
Today 2012 Mai 01
Profit: 33.88$
(+6.7%, Basis 501.67)
Equity: 535.55$
Balance: 606.19$
(Target: 1.25% per Day)

  • #1,414
  • May 2, 2012 4:35am May 2, 2012 4:35am
Quoting Forexcube
USDCHF, Daily, 2012 April 30
USDCHF, H4, 2012 April 30

Long @ 0.9070 (3/10), Target @ 0.9163 (DR2)

PO Long @ 0.9032 (DS1) (2/10), Target @ 0.9191 (DR3)
PO Long @ 0.9001 (DS2) (3/10), Target @ 0.9138 (mR2)
#1363


Long @ 0.9070 (3/10), Target @ 0.9163 (DR2)
Delete the Target 0.9163

Exit 1.9146 (mR3)

Profit: 76 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF, H1, 2012 Mai 02.jpg Size: 108 KB
  • #1,415
  • Edited 4:54am May 2, 2012 4:39am | Edited 4:54am
Quoting aman4forex
Tremendous discipline Tremendous success and Patinece Hats off dude...........You are doing a great job............You new sma scalping technique is also awesome. Take care and keep helping Regards Aman
#1413
Hi Aman!
Thank you!
This was the original account (real account for testing some trading ideas), before I published it as a "500.-$ Real Account".
Deposits 370.87$...starting from here at 2012 April 16.
The open orders from April 23/24 are Swinging Trades. It's not a 100% perfect Scalping Account.
2012 April 16 - Mai 01:
Profit: +44.74%
Experienced traders should be able to win back (Trades 130 - 338) drawdowns (see Trades 114-130). Drawdown here: I have trade with extremely higher risk a new trading idea and are falling flat on one's face.
Tremendous discipline? Oh, yes, sure, when monitoring the following trades 130 - 338 afterwards. Without discipline for me you couldn't survive any FX-barracuda-pool.
Kindest regards
FXcube
Attached Image (click to enlarge)
Click to Enlarge Name: 500$RA, 2012 April 16 - Mai 01.jpg Size: 225 KB
  • #1,416
  • May 2, 2012 4:57am May 2, 2012 4:57am
Monday +1.29%
Yesterday +2.14%
Today +1.37%

DD -43% (reducing from -51%)

10K€ and 15-25% DD objetives are on the path for this month end
  • #1,417
  • Edited 6:56am May 2, 2012 6:29am | Edited 6:56am
Quoting rbetancor
Monday +1.29%
Yesterday +2.14%
Today +1.37%

DD -43% (reducing from -51%)

10K€ and 15-25% DD objetives are on the path for this month end
#1416


Keep it up!
See also #1421, please.
FXcube
  • #1,418
  • Edited 6:51am May 2, 2012 6:37am | Edited 6:51am
When I make 2% per Day I have minimum 20% LOM.

LOM-Deposits
Win per Day x 10
Every trader has to work out his own index.
This should be also my risk capital.

Drawdown
I don't make my calculation with the drawdowns but I know that this indicator is an extremely important concrete number for many traders.
If I have trade three month 0.5% per Day I should be able to afford a drawdown price approximately ~30% (0.5 x 20 per Month = 10%).
FXcube
  • #1,419
  • May 2, 2012 6:41am May 2, 2012 6:41am
EURUSD, M1, 2012 Mai 02

Long @ 1.3138 (5/10)

PO Long @ 1.3113 (DS3) (3/10)
PO Long @ 1.3050 (5/10)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, H1, 2012 Mai 02.jpg Size: 154 KB
  • #1,420
  • May 2, 2012 6:46am May 2, 2012 6:46am
EURUSD, M5, 2012 Mai 02

Long @ 1.3139 (5/10), Target @ 1,3177 (mS2)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M15, 2012 Mai 02.jpg Size: 138 KB
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