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  • #6,541
  • Jun 19, 2015 8:05am Jun 19, 2015 8:05am
Preferred entry at what point on your CCI indi? When it begins the pull back into trend or when it begins to cross back over the 0 line into trend (as per chart above, as CCI just begins to turn green again)? Or entry based on signal candle back into trend as CCI crosses a 100 level back towards 0 line?

Thanks -Jason
  • #6,542
  • Jun 19, 2015 8:23am Jun 19, 2015 8:23am
Pipglutton Did I notice you don't have the 25 levels marked on your charts??? Might want to change that as the GBP pairs in particular love trading around those levels. In fact I'm very keen to take any trade from those 25 levels as regular as clockwork they break and retest them beautifully.. I find that pairs tend to trade from one 25 level to another , stepping up as they go... Very useful levels to have marked out and nearly always a good target for TP's...[/quote]

Hi Clive.
Guilty as charged. Just battling to get a indy for this.
I adapted to your latest (above). 1st trade done and 22.3 pips on the fly!

You are a monster!!!
Attached Image (click to enlarge)
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  • #6,543
  • Jun 19, 2015 8:26am Jun 19, 2015 8:26am
Quoting bapakjason
Preferred entry at what point on your CCI indi? When it begins the pull back into trend or when it begins to cross back over the 0 line into trend (as per chart above, as CCI just begins to turn green again)? Or entry based on signal candle back into trend as CCI crosses a 100 level back towards 0 line? Thanks -Jason
Hi Jason.
I took entry the moment the M1 CCI 20 went into oversold. Was that the right way Clive?
  • #6,544
  • Jun 19, 2015 8:57am Jun 19, 2015 8:57am
Hi Clive.
Is my assumption correct that you only look at the 5 min top trender to establish the pair to be traded.
Thereafter you switch to the 1 min chart and its Indy's to complete the trade?
  • #6,545
  • Jun 19, 2015 1:52pm Jun 19, 2015 1:52pm
Quoting bapakjason
Preferred entry at what point on your CCI indi? When it begins the pull back into trend or when it begins to cross back over the 0 line into trend (as per chart above, as CCI just begins to turn green again)? Or entry based on signal candle back into trend as CCI crosses a 100 level back towards 0 line? Thanks -Jason
Hi Jason

To be honest I think both are good but the CCI crossing the zero line is probably the safer entry with this 5 min trend following system, if price is going back with the 5 min trend then hopefully you'll get bigger moves so not so important to get in tight to the turn. Remember I base my system on the simple fact price can only go up or down so we're just trying to identify when the price is returning back with the 5 min trend..

Just keep looking for price to return back with the trend and the best turns back up are when the CCI is oversold and the best moves back down with the trend are when the CCI is overbought. Study the charts and you will see this as regular as clockwork in strong 5 min trends, steep sloping 500HMA on 1 min chart. Of course the CCI is only an indicator and probably the best way is to look at the candles and when buying you want to see the candles taking the last candles high out completely then place the pending order 2 pips above the first candle that does that and if it continues up you will be pulled in nicely.

Look at the candles on the chart and look for the highs to be continuously taken out in uptrends and the botttoms not touched and vice versa for a downtrend. Its a good check that the trend has returned to your chosen direction even on 1 minute charts... Get to BE quickly too, again check out the CCI signals that work and you will see they just keep going maybe one pullback candle but then smoothly away from your entry, this means money is supporting your entry... If it doesn't go just get out asap as theres no real money supporting you.

Remember every pullback actually could be the start of the reversal.....If you're looking to buy and your pullback just keeps taking the lows out then wait for confirmation that the up trend has actually started..you want to see candle highs being taken out no matter what the CCI says...

Another thing I like about using the 20 CCI is it feeds you into the trade nicely giving you plenty of warning that price is about to turn back with the trend.

Heres the current top 5 minute trenders

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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM1.png Size: 51 KB


Bearing in mind its not exactly the right time of day, theres still plenty of nice signals there to be had but a few duff ones too, but on the duff ones I'm just cutting them short very quickly like 5 or 6 pips , like I said earlier a good signal will just keep moving away from your signal candle (check em out on these charts) but bad ones will take the top or bottom of your signal candle out so just GTFO quickly for a handful of pips..

Also because we're trading with the 5 min strong trenders you can expect some bigger runs, another thing is to only sell DT's or LH's and only buy DB's and HL's so checking the trend is still in place with the market structure backing it up. Most of the signals will get you to BE quickly and not come back.

Anyway experiment with different CCI values like 14 or even a 5min value of the 14 CCI which equates to 5 x 14 = 70 then you're be trading the 5 min pullbacks...

I will still be looking at the 1 min on its own probably around market opens just to catch the money...
Feel the Fear and do it anyway!!!
  • #6,546
  • Jun 22, 2015 2:20am Jun 22, 2015 2:20am
Nice start to the week with a nice entry on GBPJPY....

Attached Image (click to enlarge)
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Just out of the gate,
Feel the Fear and do it anyway!!!
  • #6,547
  • Jun 22, 2015 3:06am Jun 22, 2015 3:06am
guess eur and gbp decided to drop . . . .
  • #6,548
  • Jun 22, 2015 8:16am Jun 22, 2015 8:16am
Hi Clive, can you post your TTindy Tf5 and Tf1 min template please. Thanks.
  • #6,549
  • Jun 22, 2015 10:15am Jun 22, 2015 10:15am
Typical Monday market......
  • #6,550
  • Jun 22, 2015 12:46pm Jun 22, 2015 12:46pm
I really love this setup, and think is very trustfully. Jus wait for the divergence and color change of the HMA, then sell in the first CCI pullback (my entry was very late, but work anyway). +12.

Attached Image (click to enlarge)
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  • #6,551
  • Jun 22, 2015 1:24pm Jun 22, 2015 1:24pm
Quoting Trinquete
I really love this setup, and think is very trustfully. Jus wait for the divergence and color change of the HMA, then sell in the first CCI pullback (my entry was very late, but work anyway). +12. {image}
Hi Trinquette

Couldn't agree more and like what you're doing with the HMA colour change as it gets you in very early in the new move especially just after the LO/NYO as quite often catches the move of the session. The trouble I'm experiencing is if we miss those early CCI signals in the move the later ones when the pair is still top of the TTindy are nowhere near so reliable...


Its really making me consider dropping the TTindy and lust having the top 8 ADR charts open and wait for the HMA slope change alert then look for first 2 CCI signals and hold them on the HMA colour change..

Actually I'm thinking bank half hold half as you never know which one is going to run or not...

One thing is for sure the earlier CCI signals are the best, thats for sure....
Feel the Fear and do it anyway!!!
  • #6,552
  • Jun 22, 2015 1:37pm Jun 22, 2015 1:37pm
Quoting clivepackham
{quote} Hi Trinquette Couldn't agree more and like what you're doing with the HMA colour change as it gets you in very early in the new move especially just after the LO/NYO as quite often catches the move of the session. The trouble I'm experiencing is if we miss those early CCI signals in the move the later ones when the pair is still top of the TTindy are nowhere near so reliable... Its really making me consider dropping the TTindy and lust having the top 8 ADR charts open and wait for the HMA slope change alert then look for first 2 CCI signals...
Totally agree with the first 2 CCI pullbacks, and I just work with the EURUSD because of the low spread, and thats why Im not consider the TTindy for now. Just try to choose the better setup like the chart above. Do you have an Indi for the 8 pairs with the mayor ADRīs?
  • #6,553
  • Jun 22, 2015 3:58pm Jun 22, 2015 3:58pm
Quoting Trinquete
{quote} Totally agree with the first 2 CCI pullbacks, and I just work with the EURUSD because of the low spread, and thats why Im not consider the TTindy for now. Just try to choose the better setup like the chart above. Do you have an Indi for the 8 pairs with the mayor ADRs?
Heres the top 10 ADR table and indy attached below....

Attached Image


And if you want low spreads plus fixed and no commission I reckon DMMFX take some beating EU=0.7 AU=0.7 UJ=0.5 GU=1.1 EJ=1.1 GJ=1.5 EA=1.5 EG=1.1 GN=2.4 shall I go on???

http://www.dmmfx.com.au/

Did I mention they have a Ģ50 deposit bonus too???
Attached File(s)
File Type: mq4 ADR Table v2.mq4   6 KB | 378 downloads
Feel the Fear and do it anyway!!!
  • #6,554
  • Jun 22, 2015 4:41pm Jun 22, 2015 4:41pm
Quoting clivepackham
{quote} Heres the top 10 ADR table and indy attached below.... {image} And if you want low spreads plus fixed and no commission I reckon DMMFX take some beating EU=0.7 AU=0.7 UJ=0.5 GU=1.1 EJ=1.1 GJ=1.5 EA=1.5 EG=1.1 GN=2.4 shall I go on??? http://www.dmmfx.com.au/ Did I mention they have a 50 deposit bonus too??? {file}
As I see, EURCHF is not in the calculation.
ADR does not include the gaps. ATR includes the gaps.
  • #6,555
  • Jun 22, 2015 4:45pm Jun 22, 2015 4:45pm
Quoting GodsClown
{quote} As I see, EURCHF is not in the calculation. ADR does not include the gaps. ATR includes the gaps.
OK didn't know that well you can set the look back period so I had that set to 5 as I want ti to be recent info..

I've uploaded the mq version so feel free to adjust to atr if you wish..
Feel the Fear and do it anyway!!!
  • #6,556
  • Jun 23, 2015 7:45am Jun 23, 2015 7:45am
Quoting clivepackham
{quote} Heres the top 10 ADR table and indy attached below.... {image} And if you want low spreads plus fixed and no commission I reckon DMMFX take some beating EU=0.7 AU=0.7 UJ=0.5 GU=1.1 EJ=1.1 GJ=1.5 EA=1.5 EG=1.1 GN=2.4 shall I go on??? http://www.dmmfx.com.au/ Did I mention they have a 50 deposit bonus too??? {file}
Great looking spreads indeed but I would need to chart a different broker and trade from them... I can't stand brokers with Sunday candles. I love the brokers with the good old New York close end of day. DMM is 7 hours ahead of that... Yuck!
Today's zone = Tomorrow's opportunity!
  • #6,557
  • Jun 23, 2015 8:22am Jun 23, 2015 8:22am
usd strength . . .
  • #6,558
  • Jun 23, 2015 12:55pm Jun 23, 2015 12:55pm
Quoting pres78
{quote} Great looking spreads indeed but I would need to chart a different broker and trade from them... I can't stand brokers with Sunday candles. I love the brokers with the good old New York close end of day. DMM is 7 hours ahead of that... Yuck!
Yea I know what you mean its the only thing I don't like about it, you'd think you'd be able to select the time zone you want to trade wouldn't you, especially if you're a daily chart trader...

Oh well apart from that I can't fault them and I think geanies101 trades them "Live" with no issues...

​Mind you that FXPRO you mentioned are a good 2nd and with the no negative balance guarantee got to be worth a look...

Feel the Fear and do it anyway!!!
  • #6,559
  • Jun 23, 2015 12:57pm Jun 23, 2015 12:57pm
Quoting bapakjason
usd strength . . .
As the words came out your mouth it reversed into USD weakness , funny old game this forex trading...
Feel the Fear and do it anyway!!!
  • #6,560
  • Jun 23, 2015 1:06pm Jun 23, 2015 1:06pm
Quoting Pipglutton
Pipglutton Did I notice you don't have the 25 levels marked on your charts??? Might want to change that as the GBP pairs in particular love trading around those levels. In fact I'm very keen to take any trade from those 25 levels as regular as clockwork they break and retest them beautifully.. I find that pairs tend to trade from one 25 level to another , stepping up as they go... Very useful levels to have marked out and nearly always a good target for TP's...
Hi Clive. Guilty as charged. Just battling to get a indy for this. I adapted to your latest (above). 1st trade done and 22.3 pips on the fly! You are a monster!!! {image}[/quote]


here you go... just change sublevels to 250...
green pips
Attached File(s)
File Type: mq4 SweetSpots GOLD.mq4   4 KB | 273 downloads
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