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The 200s setup

  • #41
  • Oct 15, 2012 4:05am Oct 15, 2012 4:05am
Quoting Gt3rs
NOW you're thinking along the right lines!

A high CCI level actually indicates price is pushing outside the Bollingers and is therefore "trending".

When price comes back inside the Bollingers, you are looking at potential mean reversion.

If I was you, I'd set the critical CCI level to correspond with price going outside / coming back inside the Bollinger Band.

Have a look through your charts and you'll see what I mean...
hi Gt3rs,

from experience, trying to find such a "critical" level is almost impossible, because market behaviour changes..but thanks for the suggestion...i'ill give it a look...
It is possible to make large sums trading, small losses, large wins
  • #42
  • Oct 15, 2012 4:14am Oct 15, 2012 4:14am
Quoting Gt3rs
NOW you're thinking along the right lines!

A high CCI level actually indicates price is pushing outside the Bollingers and is therefore "trending".

When price comes back inside the Bollingers, you are looking at potential mean reversion.

If I was you, I'd set the critical CCI level to correspond with price going outside / coming back inside the Bollinger Band.

Have a look through your charts and you'll see what I mean...
the 200 period bollinger bands on M15 look very interesting...i'ill have to read up more on it..the upper and lower could provide good target zones...thanks for the input...
It is possible to make large sums trading, small losses, large wins
  • #43
  • Oct 15, 2012 8:08am Oct 15, 2012 8:08am
H4 bearish candles on EU and GU...
trades closed...
EU: -3pips
GU: -1pip
It is possible to make large sums trading, small losses, large wins
  • #44
  • Oct 15, 2012 9:04pm Oct 15, 2012 9:04pm
Quoting Gt3rs
The reason CCI 200 crosses 0 at the same time as price crosses SMA200 is because CCI200 is effectively a 200 period Bollinger Band.... And a 200 period Bollinger uses a 200SMA..........

Most people don't realise what CCI actually IS.....

See attached chart.
You are one of them.

CCI = SMA

So, having the 200SMA and a CCI 200 on the chart is the EXACT SAME THING. The Bollinger Bands are by default applied to the SMA, so, even if you remove the BBs and have only the SMA, it is the EXACT SAME.

Welcome to the Department of Redundancy Department!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #45
  • Oct 16, 2012 1:14am Oct 16, 2012 1:14am
Quoting Magix
You are one of them.

CCI = SMA

So, having the 200SMA and a CCI 200 on the chart is the EXACT SAME THING. The Bollinger Bands are by default applied to the SMA, so, even if you remove the BBs and have only the SMA, it is the EXACT SAME.

Welcome to the Department of Redundancy Department!

I think you'll find that's what I said!


First and last time I'll reply to you because I won't descend to the childishness of many people here on FF and start arguing with some randomer....
  • #46
  • Oct 16, 2012 1:48am Oct 16, 2012 1:48am
Quoting Magix
You are one of them.

CCI = SMA

So, having the 200SMA and a CCI 200 on the chart is the EXACT SAME THING. The Bollinger Bands are by default applied to the SMA, so, even if you remove the BBs and have only the SMA, it is the EXACT SAME.

Welcome to the Department of Redundancy Department!
yeah, it may seem redundant to you....and i had already gotten the explanation, if you had bothered to read the previous posts you would have found THAT out..it sounds like you been there and done all that!!..am still learning and perfecting my strategy...the CCI (200) is now being used for my exits..(again, i refer you to previous posts)..
It is possible to make large sums trading, small losses, large wins
  • #47
  • Oct 16, 2012 1:54am Oct 16, 2012 1:54am
the London session is about to start....we got another buy signal on the EU during the asian session...i didnt take it..i do not trust liquidity during those hours, besides the BOJ can very well decide to do anything..

EU....PA is above the 200SMA, cci (200) is already above 150..(over-bought, in my own books)
GU also above the 200SMA, cci (200) is close to 150...

the higher TFs on both pairs also support a bullish trend....so what do we do?
we wait for a pull-back...no use jumping in right now...we need to see how PA reacts to the London open...
It is possible to make large sums trading, small losses, large wins
  • #48
  • Oct 16, 2012 2:07am Oct 16, 2012 2:07am
GU and EU are hitting strong resistant levels....this is where patience is key...we need to let PA show its hand..please note, we are looking for buy opportunities...a pull-back to the 200SMA on M15 would be nice, but that looks very unlikely...we need the pairs to leave 'over-bought' territory before we can take reliable decisions...
It is possible to make large sums trading, small losses, large wins
  • #49
  • Oct 16, 2012 2:18am Oct 16, 2012 2:18am
seeing as there isnt much to do on EU and GU....looking for a short on the usdcad....
H4 bearish candle already formed...the M15 200SMA is at 0.9795...
current price: 0.9807

setting a sell stop@ [email protected](above the last swing high)..

happy pipin

adjusted the sell stop to 0.9785...
It is possible to make large sums trading, small losses, large wins
  • #50
  • Oct 17, 2012 4:37am Oct 17, 2012 4:37am
GU and EU are still up there...flat for now..watching the usdcad..deleted sell stop order..the usd has been losing across the board, yet it has been gaining against the cad..
It is possible to make large sums trading, small losses, large wins
  • #51
  • Oct 17, 2012 8:23am Oct 17, 2012 8:23am
short activated on usdcad

entry: 0.9831
SL: 0.9881

happy pipin
It is possible to make large sums trading, small losses, large wins
  • #52
  • Oct 17, 2012 10:39am Oct 17, 2012 10:39am
Usdcad currently@ 0.9803

P/L: +23pips..general dollar weakness
SL@ 0.9881
It is possible to make large sums trading, small losses, large wins
  • #53
  • Oct 17, 2012 11:46am Oct 17, 2012 11:46am
usdcad closed @0.9795

H4 just crossed the 200SMA...M15 cci is @ -113....
It is possible to make large sums trading, small losses, large wins
  • #54
  • Oct 17, 2012 2:14pm Oct 17, 2012 2:14pm
Seems interesting. I was experimenting with excatly same setup but somehow didnt work in the long run. I hope you have more luck with it.

To avoid the noise maybe better to use 1 hr chart and 50 MA. Its basically the same as M15 and 200 MA but there are less candles so it looks cleaner.
  • #55
  • Oct 17, 2012 4:27pm Oct 17, 2012 4:27pm
Quoting doktor3
Seems interesting. I was experimenting with excatly same setup but somehow didnt work in the long run. I hope you have more luck with it.

To avoid the noise maybe better to use 1 hr chart and 50 MA. Its basically the same as M15 and 200 MA but there are less candles so it looks cleaner.
Thanks, but am looking for a possible early entry you said your setup didn't work out in the long run, what happened? Am curious..
It is possible to make large sums trading, small losses, large wins
  • #56
  • Oct 18, 2012 1:13am Oct 18, 2012 1:13am
buy signal on gbpusd [email protected]

A lovely bounce off the 200SMA (blue line), the last 6 days on the daily chart has been bullish, so we are looking for a potential continuation...seeing as this is a "continuation" trade, i am not waiting for London open, i also have the option of setting my SL just below the last swing low...i am opting to use our standard 50pips...anywhere between 1.6110 - 1.6090 would be fine as a good stop loss area..

usdcad is still below the 200SMA..


happy pipin
Attached Image (click to enlarge)
Click to Enlarge Name: 5.JPG Size: 193 KB
It is possible to make large sums trading, small losses, large wins
  • #57
  • Oct 18, 2012 3:15am Oct 18, 2012 3:15am
EU bouncing off the 200SMA on m15...still a bit unsure...H4 has not given a bullish candle..we need to wait and see how this H4 candle closes...

gbpusd trade:

P/L: -11pips
It is possible to make large sums trading, small losses, large wins
  • #58
  • Oct 18, 2012 4:32am Oct 18, 2012 4:32am
healthy bullish H4 candle on EU...not taking the buy though...

gbpusd:

P/L: 30+ pips

50% closed at 1.6166
SL set to BE for remaining lots...

happy pipin
It is possible to make large sums trading, small losses, large wins
  • #59
  • Oct 18, 2012 6:18am Oct 18, 2012 6:18am
Gbpusd trade
Closed out@ BE +1

Today's PA is rather strange..still maintaining a bullish bias for Eu and GU..waiting for the next H4 candle..may not see much till the US markets open..
It is possible to make large sums trading, small losses, large wins
  • #60
  • Oct 18, 2012 7:04am Oct 18, 2012 7:04am
m15 bounce on EU and possibly GU....

buy trades entered

EU: bought @ 1.3110..SL@ 1.3075 (35pips)
GU: bought @ 1.6134..SL@ 1.6110 (24pips)

overall exposure approx 6%...trades taken with m15 closes above the 200SMA and previous H4 bullish candles....

happy pipin
It is possible to make large sums trading, small losses, large wins
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