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  • #841
  • Jul 7, 2014 7:34am Jul 7, 2014 7:34am
Pres78 what do you think are we just a little too oversold on our 15 min CCI plus at the maximium of all there ATRs for one day????

But it is a new market and new money coming to the table. Decisions, decisions, decisions,???
Feel the Fear and do it anyway!!!
  • #842
  • Jul 7, 2014 7:47am Jul 7, 2014 7:47am
Interesting????
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Feel the Fear and do it anyway!!!
  • #843
  • Jul 7, 2014 8:20am Jul 7, 2014 8:20am
Quoting clivepackham
I meant to do a post about this Sunday but got involed with some family fun instead, very quickly what I was going to say is I would use the early warning sign that the 15 min CCI had turned down by crossing its +100 level on strong moving daily pairs as I want to know sooner than later that the strongest moving daily pairs are moving the right way. Just imagine if this is the last 15 min CCI turn down ever on EURCAD??? That way there's every chance of catching a strong daily move on a 1 minute entry and that means bigger winners than our losers,...
Ok Clive I have put some more thought into this and still don't agree that 100 is the right level for an "early warning" signal. Even look at the example you showed this morning... just to the left was a dip below 100 that went no where.

I am thinking after some looking back that if we want an early warning then we add a second pop-up / email alert with different criteria for level 0 crosses.

If the last closed bar closed below 0 and the previous closed bar was above 0 then we get a "possible trend change" alert (or vise versa). I just feel that 100 is too early and wil be too noisy. I can easily (I think) add this as an option for which you can set the level for the early warning and also turn on/off this second set of alerts (if you don't care about early warnings).

What do you think Clive? Anyone else have any thoughts on the early warning?
Today's zone = Tomorrow's opportunity!
  • #844
  • Jul 7, 2014 9:22am Jul 7, 2014 9:22am
Quoting pres78
{quote} Ok Clive I have put some more thought into this and still don't agree that 100 is the right level for an "early warning" signal. Even look at the example you showed this morning... just to the left was a dip below 100 that went no where. I am thinking after some looking back that if we want an early warning then we add a second pop-up / email alert with different criteria for level 0 crosses. If the last closed bar closed below 0 and the previous closed bar was above 0 then we get a "possible trend change" alert (or vise...
Hi Pres78Yep

Makes sense and I'm also having to eat yet more humble pie and say , you were absolutely right about the opposite side cross. It does get you in very early sometimes but like you say all too often its too much of a battle and not worth the effort so far better to wait for the fight to be over and see who comes out the winner. Then jump on board with the poor old battered winner.

Makes a lot of sense, also just had a chat with Martin who agrees with you wait till the fights over then join forces with the winner.

I think what you've suggested is the best solution maybe have a zero cross alert as well as the 100 alert so we just get a little earlier warning to pull the chart up and see whats happening. Would be cool if we could select either or both.

So yep zero cross warning has my blessing for sure and I'll drop the opposite cross idea too.

Put that rolling pin down , pres78!!!
Feel the Fear and do it anyway!!!
  • #845
  • Jul 7, 2014 9:28am Jul 7, 2014 9:28am
I gotta go out to work right now but if any ones interested these top 4 trenders are setting up nicely.

See you all tomoz.
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Feel the Fear and do it anyway!!!
  • #846
  • Jul 7, 2014 10:18am Jul 7, 2014 10:18am
Quoting clivepackham
{quote} Hi Pres78Yep Makes sense and I'm also having to eat yet more humble pie and say , you were absolutely right about the opposite side cross. It does get you in very early sometimes but like you say all too often its too much of a battle and not worth the effort so far better to wait for the fight to be over and see who comes out the winner. Then jump on board with the poor old battered winner. Makes a lot of sense, also just had a chat with Martin who agrees with you wait till the fights over then join forces with the winner. I think what...
No worries I have eaten my fair share of that pie over my lifetime.

The 0 cross on a 210 often times will just be showing a deeper retrace and then we go back into trend so these early warnings will just be that and we will still need to wait for clear signs that a new trend has in fact been born.

Yes I beleive I can write it so it will be two seperate alerts to be turned on / off independantly so you can run none, one or both. Shouldn't be too much trouble.

I am in agreement that on days when we are running tighter than normal ranges or on smaller range pairs the CCI 210 can lag to the point where we are already done the move (or close to it) by the time we enter trend. Most days however there are enough good moving pairs to make up for this where we cross the MA's with momentum hitting the CCI 210 - 100 levels quickly, first retrace and we are in. The lagging issue is not the norm for sure and if a pair stops moving shortly after the CCI 210 hits trend we most likely don't get a CCI 14 signal anyway and quite frankly don't need to be trading that pair on that day.

As with anything we can always get in earlier by changing the MA's to smaller periods for earlier crosses or even changing the trend CCI to a 5 min CCI (70) as obviously if the 15 is going to enter trend the 5 has to do it first so that CCI 70 will hit 100 levels sooner than the 210... What is the downfall of this though? How much noise or whipsawing does this add?

Does getting in earlier offer any benefits to profitabilty or does it make things worse?

What we do know for sure and what has been tested and proven is that day in and day out the CCI 14 / CCI 210 combo works.

Is there something better? No idea but until it's tested and proven for me there is not.
Today's zone = Tomorrow's opportunity!
  • #847
  • Edited 4:37pm Jul 7, 2014 12:47pm | Edited 4:37pm
Second pop-up / email alerts added for "early warning - possible trend change". This is a second separate item that can be turned on / off. Default setting is the 0 level but this can be set as required. For a possible trend change we have ETCWS level for a move from up to down trend and a ETCWB for a move down to up trend.

The ETCWS will warn you when bar [1] (last closed) closes below the set level provided bar [2] was above the set level.

The ETCWB (same as above but opposite)

ETCWS = Early Trend CCI Warning Sell
ETCWB = (Same as above but Buy)

As with my previous alerts for the 100 levels I have removed the entry CCI from the equations so the formulas only look at the trend CCI readings.

I changed the name so that it does not overwrite the previous indi.

THESE NEW ALERTS HAVE NOT BEEN TESTED!!!

EDIT - INDI SECOND ALERTS NOT WORKING SO I HAVE REMOVED FOR NOW.
Today's zone = Tomorrow's opportunity!
  • #848
  • Jul 7, 2014 3:04pm Jul 7, 2014 3:04pm
Quoting pres78
Second pop-up / email alerts added for "early warning - possible trend change". This is a second separate item that can be turned on / off. Default setting is the 0 level but this can be set as required. For a possible trend change we have ETCWS level for a move from up to down trend and a ETCWB for a move down to up trend. The ETCWS will warn you when bar [1] (last closed) closes below the set level provided bar [2] was above the set level. The ETCWB (same as above but opposite) ETCWS = Early Trend CCI Warning Sell ETCWB = (Same as above...
Great job Pres78 will test it tonight on 8 CCI see how it performs.

I think the zero cross is going to be an awesome alert because it seems to coincides with price crossing over the 100lwma and 100sma so will bring us to the chart waiting for the break and retest entry on our MA's and I've noticed a lot of trend changes occur with a good push off of that entry. Good old Fred.

Heres 2 examples from today GBPCAD and USDCAD, one producing 60 pip move and the other 35 pips no more than a 10 pip stop, nice little 3.5:1 and 6:1 trades.

I've noticed how very often a break and retest of the 100SMA produces these great pushes away from it. An old trader once told me its a favourite entry of a lot of the professional traders so might explain it??

Now here's an idea for an early reversal warning signal pres78, how about a zero cross of the 100sma?? My CCI has options to add other MA's so could you incorporate a zero cross alarm on the 100sma??

In my humble opinion its not only a great reversal signal but about the best reversal entry I know.

Just a thought, what do you think pres78, might lead to some very quick pips???
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Feel the Fear and do it anyway!!!
  • #849
  • Jul 7, 2014 4:10pm Jul 7, 2014 4:10pm
Hi Pres78

Just sent you a PM about the new zero alerts.
Feel the Fear and do it anyway!!!
  • #850
  • Jul 7, 2014 4:31pm Jul 7, 2014 4:31pm
Quoting clivepackham
OK morning analysis time!!! Firstly quick reminder who is strongest/weakest on daily charts so if any of these pairs turn the right way might be worth holding for the day. Other pairs that come to the top of my top trenders I will just grab what I can from their 1 min trend and be done with it, so top pairs to hold?? EURCAD , CADCHF, GBPCHF , GBPUSD oh and should of said EURGBP too but as its ATR is 30 pips not going to get too excited about that. We want the big movers with our small 10 pip stop so next best is GBPUSD. Quick look at the overnight...
Great analysis
  • #851
  • Jul 7, 2014 5:08pm Jul 7, 2014 5:08pm
Quoting bewayopa
{quote} Great analysis
Thanks but it wasn't that great far too complicated for me as I ended up wasting my time trying to sell that EURCAD because it was the strongest/weakest on dailys. Meanwhile all the GBP pairs were top of my TT and falling off the page but I was messing around with the daily SW.

So from now on I will have a quick look to see who's trending in run up to London open but thats it!!

Then its just top trenders to see who's moving and wait for a pullback to get on board, simple as that, no more complicated long term analysis for me. Just doesn't work for me.
Feel the Fear and do it anyway!!!
  • #852
  • Jul 7, 2014 6:34pm Jul 7, 2014 6:34pm
Quoting pres78
Second pop-up / email alerts added for "early warning - possible trend change". This is a second separate item that can be turned on / off. Default setting is the 0 level but this can be set as required. For a possible trend change we have ETCWS level for a move from up to down trend and a ETCWB for a move down to up trend. The ETCWS will warn you when bar [1] (last closed) closes below the set level provided bar [2] was above the set level. The ETCWB (same as above but opposite) ETCWS = Early Trend CCI Warning Sell ETCWB = (Same as above but Buy)...
Ok I give up. Perhaps what I am trying to do can't be done?

When I set true to only the trend alert it works...

When I set true to only the early warning alert it works...

When I set true to both alerts only the trend alert works ( I assume this is because it is first in line)...

So does anyone know if two (well actually 4) alerts can work together? The buy and sell alerts work for each the trend and early warning alerts but I cannot get all 4 to coincide?
Today's zone = Tomorrow's opportunity!
  • #853
  • Jul 8, 2014 12:12am Jul 8, 2014 12:12am
Hi Clive,

Good to see you again mate. I was searching online for an indicator which led me to the #top 8 trenders all brokers you posted on the MTF Stochastic trading using 1 min charts, only to discover that it was Clive that posted it and that again led me to your thread. Good thread you have going here too

I was wondering whether I could make a special request for another version of the indicator that will use an MA Channel instead MA Length. For example, let's say I like to trade break of the 20 EMA Channel (of high and low), therefore it will highlight only the pairs breaking out (or have broken out) of the MA Channel. Since the original indicator measures the steepness of the MA length, this will measure the steepness of the channel.

Thank you for considering my request if possible, otherwise no problem. And if any programmer or coder can also help here, it will be great. I will be lurking here

Shalom

George
Low Risk Low Stress High Reward High Probability Trades
  • #854
  • Jul 8, 2014 1:16am Jul 8, 2014 1:16am
Quoting 919gilead
Hi Clive, Good to see you again mate. I was searching online for an indicator which led me to the #top 8 trenders all brokers you posted on the MTF Stochastic trading using 1 min charts, only to discover that it was Clive that posted it and that again led me to your thread. Good thread you have going here too I was wondering whether I could make a special request for another version of the indicator that...
Hi Goerge

Hows the trading going??? Still making plenty of pips a day, I bet.

I'm not the coder George but I know a man who is, will ask him to help but to be honest I might of exhausted my goodwill with Ted as I'm always bothering him. Its got so bad that he's decided to write a book on "How to code your own EA's" and giving away most of the indys he's written up to now. All bloody powerful indys if you ask me.

All I can do is ask????

Pres78 will ask him about our prob above too see what he can do???
Feel the Fear and do it anyway!!!
  • #855
  • Jul 8, 2014 1:26am Jul 8, 2014 1:26am
Morning analysis time. After yesterdays cock up I've reduced my long term analysis to:

1) Check overnight strongest and weakest currencies. Just check my 5 min strongest/weakest Indy. See chart below .

2) check the news release times for this morning.

3) Check top 4 trenders on 1 min.

Here you go, job done.
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Feel the Fear and do it anyway!!!
  • #856
  • Jul 8, 2014 1:30am Jul 8, 2014 1:30am
Thanks for your prompt response Clive

Trading is going very well but I keep trying to find better ways of doing things. No problem if Ted is busy as I have improvised as per attached and will keep watching until I achieve the `near holy grail.`

Cheers
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Low Risk Low Stress High Reward High Probability Trades
  • #857
  • Jul 8, 2014 1:47am Jul 8, 2014 1:47am
Quoting 919gilead
Thanks for your prompt response Clive Trading is going very well but I keep trying to find better ways of doing things. No problem if Ted is busy as I have improvised as per attached and will keep watching until I achieve the `near holy grail.` Cheers {image}
Yep me too, if we keep looking we'll find it one day.

"Ask and it shall be given to you"

"Seek and you shall find"

"Knock and it shall be opened unto you"

Of course nothings guaranteed in life apart from one thing,

"If you don't try you are guaranteed to fail"

Don't know about you? But I'm gonna keep on trying!!!
Feel the Fear and do it anyway!!!
  • #858
  • Jul 8, 2014 1:56am Jul 8, 2014 1:56am
EURAUD shaping up ok
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Feel the Fear and do it anyway!!!
  • #859
  • Jul 8, 2014 1:57am Jul 8, 2014 1:57am
Quoting clivepackham
Morning analysis time. After yesterdays cock up I've reduced my long term analysis to: 1) Check overnight strongest and weakest currencies. Just check my 5 min strongest/weakest Indy. See chart below . 2) check the news release times for this morning. 3) Check top 4 trenders on 1 min. Here you go, job done. {image} {image}

Will take the next few days to read through the thread and see if I can make meaningful contribution. I just found the Currency Slope Strength indicator last week and it is much more better than the linear currency strength meter I was using as it combines the strength and weakness of the currencies with the slope steepness too. I used it to catch a nice short on the GJ early this morning (yesterday London time).

Since I am not a programmer, I am trying to find a way of combining and arranging these similar indicators as a dashboard to give an instant visual display of market state.

Anyway, I am always in the forex lab working. See you later.

Shalom
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Low Risk Low Stress High Reward High Probability Trades
  • #860
  • Jul 8, 2014 2:02am Jul 8, 2014 2:02am
Quoting clivepackham
{quote} Yep me too, if we keep looking we'll find it one day. "Ask and it shall be given to you" "Seek and you shall find" "Knock and it shall be opened unto you" Of course nothings guaranteed in life apart from one thing, "If you don't try you are guaranteed to fail" Don't know about you? But I'm gonna keep on trying!!!
Without reading your post, I wrote something similar and posted my improvised dashboard. I am always in the forex lab researching how to do it better and every day brings new discovery that improves my system.

Will see you around as I have to go now. I am 8 hours behind London, and this is why I have to find the simplest way to identify the best pairs to trade.

Shalom, and God bless

George
Low Risk Low Stress High Reward High Probability Trades
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