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  • #10,161
  • May 12, 2016 11:09am May 12, 2016 11:09am
Quoting handy148
In fact I am wrong - it could be worse than that because renko bars don't sit adjacent to each other like range bars do so you could easily have a 10 pip renko with 29 pips including the wick. Not an expert in renko so someone please correct me if I'm wrong.
Median renko is nice and bars can be any size.
  • #10,162
  • May 12, 2016 12:34pm May 12, 2016 12:34pm
Quoting OAPDave
OPPS so sorry guys posted the chart with the (Happy Hour) bars in the wrong timeframe and no indicators, here is the 1 min with a little Buying on a overbought CCI {image}
Dave,
Does it follow from this 1min method that you buy when CCI is overbought and sell when CCI is overslod?

Thank you
  • #10,163
  • May 12, 2016 2:16pm May 12, 2016 2:16pm
Quoting MidnightRun
{quote} Dave, Does it follow from this 1min method that you buy when CCI is overbought and sell when CCI is overslod? Thank you
Hi, well its a Yes and a No, I think about it like this, if we get into a strong move price does not always pull back, so the only way to enter is buying at overbought/oversold or how would we ever get to a reasonable DAILY RANGE, now if we bump into a support/resistance level it can be played the way Clive describes, I am going to take a chance a put this up again that explains it better than me, put it up once before, but it gets the Boss a little hot under the collar

http://www.investopedia.com/articles/forex/08/cci.asp
  • #10,164
  • Edited May 13, 2016 12:57am May 12, 2016 3:29pm | Edited May 13, 2016 12:57am
I did quite bit of research on CCI and there are two schools of thought. Clive's is 100 level is overbought/oversold and you sell/buy at that point.

Equally it seems there is a school of thought that you do the exact opposite.

You pays your money and you takes your choice.
  • #10,165
  • Edited 5:31pm May 12, 2016 5:14pm | Edited 5:31pm
Quoting handy148
I did quite bit of research on CCI and there are two schools of thought. Clive's is 100 level is overbought/oversold and you sell/buy at that point. Equally it seems there is a school of thought that you you the exact opposite. You pays your money and you takes your choice.
Yes I remember we had this discussion in the past, and I totally agree but my view is that its dependant on timeframe and range how you judge the most over used term in trading, overbought and oversold, do you really believe that a 1 min chart when range as moved 20 pips out of a daily range of say 125/150 can really be overbought or oversold if so tell me how range can expand to for fill any meaning full Daily range, my trade today like many days was just a range expansion we broke out of a narrow 3 day range after RED NEWS, then I took profit when Daily range was in the region of 100/125 pips with Weekly Pivot over my head, easy to trade same levels on 1 minute 1 hour or 1 day using Range, Pivots and the CCI with higher highs and higher lows, just take a look at the present weekly range compared to last week and tell me is 1 min overbought / oversold CCI any good as a stand alone timeframe indicator. With a plan of an average trading days range expansion yes it can be a very powerful tool. Not going to knock anybody that's happy to trade for 5 pips good luck to them but it just does not interest me in the slightest. Ok going to get my tin hat out now surely going to get loads of grief for this post, but at least it could breath new fire into the thread
  • #10,166
  • May 12, 2016 5:22pm May 12, 2016 5:22pm
Why make it harder than it should be wait for trend trade the pullback
  • #10,167
  • May 12, 2016 6:32pm May 12, 2016 6:32pm
Quoting Divergence
Why make it harder than it should be wait for trend trade the pullback
Thats my man!! Keep it simple move , pullback, enter move bank.....

End of story hey Harold old friend???
Feel the Fear and do it anyway!!!
  • #10,168
  • May 13, 2016 4:56am May 13, 2016 4:56am
Quoting clivepackham
{quote} Thats my man!! Keep it simple move , pullback, enter move bank..... End of story hey Harold old friend???
I'm new here to your thread sir. First of all, thanks for your time and knowledge contribution. As you mentioned that strategy has been updated, can you please refer me from where I must start to read. Please
Thanks

Aaz
  • #10,169
  • May 13, 2016 4:59am May 13, 2016 4:59am
Quoting aazishhunain
{quote} I'm new here to your thread sir. First of all, thanks for your time and knowledge contribution. As you mentioned that strategy has been updated, can you please refer me from where I must start to read. Please Thanks Aaz
Go to PAGE 1...POST 1....all the updates are there.
every Saint has a past. Every Sinner has a Future
  • #10,170
  • May 13, 2016 5:13am May 13, 2016 5:13am
I'm having some problem for setting up my TrendCCI.Could anyone show me what is details of setup?
  • #10,171
  • May 13, 2016 6:04am May 13, 2016 6:04am
Quoting flynn91
I'm having some problem for setting up my TrendCCI.Could anyone show me what is details of setup?
Load the template and the specific values of the indicator will appear.
MY SITTING, NEVER MY THINKING!
  • #10,172
  • May 14, 2016 2:47am May 14, 2016 2:47am
Quoting turnip15
{quote} Go to PAGE 1...POST 1....all the updates are there.
Thanks for your reply dear brother. But I want a favor. I need a pdf file where all entry exit methods are compiled by starter and link of all updated/final indicators. It'll more ease for every new beginners to find all stuff in one place.

Aaz
  • #10,173
  • May 14, 2016 6:56am May 14, 2016 6:56am
Gift wrapping not available here. Hard yards need to be put in.
  • #10,174
  • May 14, 2016 7:30am May 14, 2016 7:30am
Quoting aazishhunain
{quote} Thanks for your reply dear brother. But I want a favor. I need a pdf file where all entry exit methods are compiled by starter and link of all updated/final indicators. It'll more ease for every new beginners to find all stuff in one place. Aaz
No room for the lazy man here.
every Saint has a past. Every Sinner has a Future
  • #10,175
  • May 14, 2016 7:39am May 14, 2016 7:39am
Quoting OAPDave
{quote} Hi, well its a Yes and a No, I think about it like this, if we get into a strong move price does not always pull back, so the only way to enter is buying at overbought/oversold or how would we ever get to a reasonable DAILY RANGE, now if we bump into a support/resistance level it can be played the way Clive describes, I am going to take a chance a put this up again that explains it better than me, put it up once before, but it gets the Boss a little hot under the collar http://www.investopedia.com/articles/forex/08/cci.asp
An excerpt from http://stockcharts.com/school/doku.p...nnel_index_cci

"CCI measures the difference between a security's price change and its average price change. High positive readings indicate that prices are well above their average, which is a show of strength. Low negative readings indicate that prices are well below their average, which is a show of weakness.
The Commodity Channel Index (CCI) can be used as either a coincident or leading indicator. As a coincident indicator, surges above +100 reflect strong price action that can signal the start of an uptrend. Plunges below -100 reflect weak price action that can signal the start of a downtrend.
As a leading indicator, chartists can look for overbought or oversold conditions that may foreshadow a mean reversion. Similarly, bullish and bearish divergences can be use to detect early momentum shifts and anticipate trend reversals."
Pablo
  • #10,176
  • May 14, 2016 8:37am May 14, 2016 8:37am
Quoting ptejerina
{quote} An excerpt from http://stockcharts.com/school/doku.p...nnel_index_cci "CCI measures the difference between a security's price change and its average price change. High positive readings indicate that prices are well above their average, which is a show of strength. Low negative readings indicate that prices are well below their average, which is a show of weakness. The Commodity Channel Index (CCI) can be used as either a coincident or leading indicator. As a coincident indicator,...
Thank you, that explains it much better than ever I could, so you can use it in anyway you want as Handy148 and I have debated, as he puts it you takes your choice
  • #10,177
  • May 14, 2016 9:15am May 14, 2016 9:15am
Quoting ptejerina
{quote} An excerpt from http://stockcharts.com/school/doku.p...nnel_index_cci "CCI measures the difference between a security's price change and its average price change. High positive readings indicate that prices are well above their average, which is a show of strength. Low negative readings indicate that prices are well below their average, which is a show of weakness. The Commodity Channel Index (CCI) can be used as either a coincident or leading indicator. As a coincident indicator,...
in·di·ca·tor
ˈindəˌkādər/
noun

  1. 1.
    a thing, especially a trend or fact, that indicates the state or level of something.
    "car ownership is frequently used as an indicator of affluence"
    synonyms:measure, gauge, barometer, guide, index, mark, sign,signal, symptom; bellwether, herald, hint;
    standard,touchstone, yardstick, benchmark, criterion, point of reference, guideline, test, litmus test
    "the test is used as an indicator of performance"
  2. 2.
    a device providing specific information on the state or condition of something, in particular.

True Grit!
  • #10,178
  • May 14, 2016 9:16am May 14, 2016 9:16am
Actually I start to follow this thread from start and the post 5 on page 416 which referred by thread starter has different indicators. So I thought to ask him from where I should follow this thread and where can I find all final indicators. that's why I asked. Sorry if you have taken this wrong.
  • #10,179
  • May 15, 2016 6:07am May 15, 2016 6:07am
Interesting Chart Set-up, easy on the eye ?
Attached Image(s) (click to enlarge)
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  • #10,180
  • May 15, 2016 6:08am May 15, 2016 6:08am
I see Guppy (in his various guises) is alive and well then.
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