BB CCi Divergence

Updated.......... Using Daily only now.

This was a system idea but now running as a journal. in the mix are my daily and 4H trades.

Trading a wide range of pairs off the daily...inc CFDs

Using 20 BB with 7CCI still looking for divergence for trend reversal and convergence for trend continuation.

Long price hits lower BB then once the CCi give a divergance take a long once the the bar closes. (tend breaks are also nice to ad to confirmation)
Sell price hits higher BB then once the CCi give a divergance take a sell once the the bar closes. (tend breaks are also nice to ad to confirmation)

Once the daily bar closes off the BB with divergence i place stop order under or above the high/low to enter in the signals bars direction.

Management.
TP to MID band. normally 100+ pips... secondary TP, close half at mid band move SL to BE and look for a run to the opposite band. Close once hit.

hope it helps people make some $$$.

Demo I have seen excellent results live went well till i pulled a fat finger and lost the plot. All trades are live my updated TE is running while I trade. its really a mix of keeping my cool and trading the same way i did on the demo, live.

I know I can get there, I have turned 3+ demos into 70-110K from 50K it's all between the ears!

i didn't get this trade.. but it's very nice example. 47 pips from side to side... basically all you needed for the day.

atm waiting on a possible Higher high but currently no trades.

current open buy

Buy was just filled at TP for 40+ pips... solid take for today. Calling it a day till euro session starts...

the euraud 1 hour sell also worked out but i chickened out... no idea why it's a DEMO

Hi Luka. Please post the settings of your indicators. I'm using divergence also, but your idea of bollinger bands is nice.

1st ever continuation trade.

sold at the mid line TP to the end of the BB CCi made what a lot call a hidden divergence. Trade worked out.. solid return today 70+ pips....

The GPBAUD can do this easy as but remember it can also take that from you. Have to trade her with respect. will watch a bit more tonight but imo day is done. just about week done with 70> pips!

if this keeps up will start live trading next week.

Hi settings are CCi 7 CCi 28 and normal bollinger bands. 20 with 2 deviations. Template attached

If you start using this idea please start on demo and get familiar with divergences that come off a BB touch. also in a fast moving market some of them wont work out. keep the losses small as you can.. forget it and move onto the next opportunity.

testing this out tomorrow. always been a fan of divergence but never used bollinger bands. thanks!

got to watch it a bit in fast trends... took a few hits trying bounces off the BB with Divergence. i personally think that's a big problem with this trade idea.

Fast markets will put up entries that are going nail you out.

Made my loses back today but the sell i just took i had to close out fast once it bounced off the mid line.

as with all trading you have to really wait for the best set ups.

Hi everyone, I made this divergence cheat sheet. Feel free to download it to help you with finding divergence set ups.

We have some divergence on USD/JPY. Now just looking for entry candle!

Just entered USD/JPY @119.91
TP @119.66 + @119.43

Thanks for sharing your system, will follow this thread and am subscribed!

Greetings,

The Jube

Reversal candlestick printed and we are in! Let's see how this goes!

Some more divergence on GBP/USD. Still no entry candle. Patiently waiting.

Similar to Jankones thread except he has less indicator clutter.

http://www.forexfactory.com/showthre...58#post8489858

What type of candle do you consider as "entry candle" ?

Hi all good to see some getting something out of this.

I have switched to using this on the 4H and Daily. find it 's a lot better for life and consistency. if you get get past the needing to trade all the time the 4H and Daily will reward you if you stick to the solid divergences.

Cheers
L12

how is going guys? Luka where are you?

Hi how are you. how have you been finding the method?

I've moved to 4H and Daily. Find the returns alot bigger and less screen time.