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  • #1
  • First Post: Edited Oct 30, 2017 5:56am Jan 19, 2017 2:11am | Edited Oct 30, 2017 5:56am
This thread is old. The concept is still the same. Post 33 (https://www.forexfactory.com/showthread.php?p=10439718#post10439718)

New thread https://www.forexfactory.com/showthread.php?t=710961 if you're interested.
  • #2
  • Jan 19, 2017 2:37am Jan 19, 2017 2:37am
Here is a screen shot of AUDUSD zoomed all the way out. You can see the maximum and min. You can also see extreme places of oversold and overbought.
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  • #3
  • Jan 19, 2017 3:16pm Jan 19, 2017 3:16pm
every indicator follows price.. it is ridiculous to make an entry based on an oscillator because its just following what price is doing, sure it could work a few times but you will lose alot more than you win.. Im not sure indicators have any use..specially oscillators but that's for me and my opinion.
  • #4
  • Jan 19, 2017 4:14pm Jan 19, 2017 4:14pm
Hi rvanscho, don't be discouraged by negative input, there is a huge amount of truth in that one should not fall into the trap of "indicator trading" as it will let you down severely from time to time. However, that said, I have tried so many indicators over the years looking for an edge and finally realised, if you can't trade Price alone, you can't trade!! However, that's not to say that indicators CAN'T be a great tool of "confirmation" to what you think price may be about to do. None of us has a "crystal ball" and it all looks great in "hindsight"; but my conclusion after many years was that for me CCi was the only indicator that in fact is a "leading" indicator and not a "lagging" indicator as most others are; which is why they leave you missing so much and are basically not worth using. I wish you well and I will look at your idea with interest. Keep posting and good trading to you
  • #5
  • Jan 19, 2017 7:04pm Jan 19, 2017 7:04pm
Quoting rvanscho
Hi all, To be short, I have played around with the Commodity Channel Index settings so that overbought and oversold conditions can be shown to improve trading but to also trade the 'big moves'. This is only a recent discovery but in my opinion could be a major step forward in my trading, or yours if you decide to try it out. Rules: Timeframe: Only 4h CCI Period: 252 I decided to use this period based on the fact that there are 252 trading days in a year. Levels: This part is interesting because it is where we see overbought and oversold conditions...
Nice observation..... do not get discouraged by negative comments, please continue. The only people that do not like indicators are the ones that do not know how to use them correctly.

4x
  • #6
  • Jan 19, 2017 8:49pm Jan 19, 2017 8:49pm
Thanks for the post rvanscho. Have you tried to backtest your strategy on MT4 or some other platform? I would love to see the results. I have backtested CCI on ES daily chart before and the results were quite good although the settings gave out too few trades.
  • #7
  • Jan 19, 2017 9:11pm Jan 19, 2017 9:11pm
Quoting venividivici
every indicator follows price.. it is ridiculous to make an entry based on an oscillator because its just following what price is doing, sure it could work a few times but you will lose alot more than you win.. Im not sure indicators have any use..specially oscillators but that's for me and my opinion.

That's maybe because you haven't done your homework properly. I use a standard indicator and when that indicator is approaching a certain level, I know exactly what price is going to do more times than not. In my instance, I have found the indicator dictates to price what its going to do.
  • #8
  • Jan 20, 2017 1:45am Jan 20, 2017 1:45am
Quoting shrips
{quote} That's maybe because you haven't done your homework properly. I use a standard indicator and when that indicator is approaching a certain level, I know exactly what price is going to do more times than not. In my instance, I have found the indicator dictates to price what its going to do.
Deluded.
  • #9
  • Jan 20, 2017 3:45am Jan 20, 2017 3:45am
Quoting venividivici
{quote} Deluded.

i wish i was lol

keep trying buddy, you might get there one day...
  • #10
  • Jan 20, 2017 7:12am Jan 20, 2017 7:12am
Thanks for the replies all, appreciated. What I will do with this thread is post my possible trades and analysis based on the indicator.
  • #11
  • Jan 20, 2017 9:00am Jan 20, 2017 9:00am
NZDUSD trade I'm in. I hope to make plenty more trades as clear cut as this

Regards.
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  • #12
  • Jan 24, 2017 2:48pm Jan 24, 2017 2:48pm
Let see how it goes...
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #13
  • Jan 24, 2017 4:00pm Jan 24, 2017 4:00pm
Quoting venividivici
every indicator follows price.. it is ridiculous to make an entry based on an oscillator because its just following what price is doing, sure it could work a few times but you will lose alot more than you win.. Im not sure indicators have any use..specially oscillators but that's for me and my opinion.
What do you use to trade? I'm interested in learning.
  • #14
  • Jan 25, 2017 4:16am Jan 25, 2017 4:16am
Quoting johnsmith2nd
{quote} What do you use to trade? I'm interested in learning.
I think price action is all you need TBH, just a clean chart.
  • #15
  • Jan 25, 2017 6:47am Jan 25, 2017 6:47am
Quoting venividivici
{quote} I think price action is all you need TBH, just a clean chart.
and are you profitable now that you use price action ? please be honest.
  • #16
  • Jan 25, 2017 10:31pm Jan 25, 2017 10:31pm
Quoting v2vboni
Let see how it goes... Image1.png;2154149 {image}
Bro, Could you please share the indicators that you're are using on above screenshot. It's pretty amazing.. Thanks bro.
  • #17
  • Jan 26, 2017 3:05pm Jan 26, 2017 3:05pm
UJ and Gold trades. I closed the gold trade just then.
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  • #18
  • Jan 26, 2017 3:11pm Jan 26, 2017 3:11pm
I shorted this pair last week and it still hasn't gone down. I'm hoping to see it go down next trading week or today.
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  • #19
  • Edited Jan 27, 2017 12:25pm Jan 26, 2017 6:00pm | Edited Jan 27, 2017 12:25pm
250-300 period with 4hour daily anything works if you have that patience
WaBaS Where are Buyers and Sellers
  • #20
  • Jan 26, 2017 11:47pm Jan 26, 2017 11:47pm
I can't seem to get the presets to work.

Does anyone mind explaining to me how " activate " it.I have them in the correct folder but then what do I do ?
Without struggle there is no progress
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