Scalping trading system CCI based

Quoting ioni72

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{quote} Hello MrRijk, I'm right here with some advises. In every trading system it is Not recommended to take trades arounds the lines that you have mentioned in your post, because of that fact that is very possible that your trade will be rejected in the opposite direction, as very strong lines. For your safety, better try to avoid these points that could represent beginnings for new trends, against you. Thanks for your warm words, I'm always very impressed. Have a nice new week, Ioan

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Quoting ioni72

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{quote} For this trade, the first entry has been sooner by some minutes. Here you can see an entry using the inside/outside bar with confirmation pattern.

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Quoting katman

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{quote} Good Morning Ioan, I have a question about your live trade, your rules for short trade said SMA 200<SMA 1000, but at your chart it looks like SMA 200>SMA1000. Please correct me if Iam wrong.

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Quoting ioni72

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{quote} Hello Katman, I'm glad to see you here. The perfect trade means SMA13<SMA200<SMA1000 or vice versa. But, very often, we don't have this perfect set-up and have to manage with less. If you have a conservative trading style, you will wait for this perfect trade. Personally, if the daily trend changes and the SMA13 goes bellow/above the SMA1000 for me it is enough to check for a new set-up. But it is an individual decision. Many pips to you, Ioan

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Quoting katman

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my first trade for the week {image}

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Quoting ioni72

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Hello to all of you, Let's see if you need my help. I'm here and available for at least one hour. I will attach a chart from a trade took this morning on my real account with the explanations. {image}

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Quoting raamakant

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Greetings Ioni72, I went thru the 19 pages over the weekend. Apologies in advance if I missed the reply to what I am asking, I was tired by Sunday night, with ferrying kids to activities and what not in between I salute you for giving this to the community, world could do with more big hearted gestures like this. I have some Q's : 1. Long trade, once CCI hits 200, MA13 crosses the high of the 200 candle, but then goes under it. Should this be ignored to continue the wait for the CCI retrace to 100, or is it that the MA13 must stay above the high...

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Quoting piotrekk2000

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{quote} Hi Ioni72 I have a question for your input Why if SMA13 <Hi candle 1 was about 9.39 Your input wasn't 9.55 or 10.05 when the CCI <-100 Only until about 10.19 ? I understand that Your system, but in practice, if all the time entries close in - I don't know what I'm doing wrong?

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Quoting Go5

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Closed GC for +10 pips (early because of resitance block to the left). CCFp had separation but was converging. MAE some 22 pips but cci never crossed -200... {image}

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Quoting piotrekk2000

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{quote} Hi Ioni72 I have a question for your input Why if SMA13 <Hi candle 1 was about 9.39 Your input wasn't 9.55 or 10.05 when the CCI <-100 Only until about 10.19 ? I understand that Your system, but in practice, if all the time entries close in - I don't know what I'm doing wrong?

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Quoting ioni72

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{quote} Hello piotrek, I guess you ask about the fact that I entered late in the trade and why I din't do it sooner. This question has been already posted here, some minutes after I posted the chart. Anyway, at the moment when it happened, and when I should have entered the market I was just looking for a translation on google. English is not my first or second language and I need to check my posts before doing it. So, I took the trade later, at the second or third opportunity. Of course, the better entry is the first one. I hope the this answer...

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Quoting ioni72

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{quote} Hello raamakant, I'm glad to see you here. 1st answer is yes, the SMA13 should stay above the high of the candle 200, so until the set-up is not correct you should avoid to take any long trade. 2nd answer, first part , yes, it is the situation described as "perfect trade"; in reality, and here I'm talking just for me, from my experience, if the trend has changed, I consider it is enough if the SMA13 crosses the SMA 1000 for looking for a set-up in the direction of the new trend, but it's not the perfect trade in my opinion, even if the trade...

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Quoting ioni72

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Let's talk about a loss that I just had. Explanations: SMA13>SMA200>SMA1000 1- CCI14>level 200 2- SMA13> high candle 1 3- CCI14< level -100 4- CI14> level 100 at the second attempt 5- confirmations of 4 At this stage all technical requirements are presents. Possible set-up for a perfect entry. The only missing element is the volume. Another element that could be against the trade is the force of the line 1.6350. CCFP show CAD still stronger than GBP. The last element that could give an idea about the possible entry is the chart at a higher timeframe,...

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Quoting ioni72

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Let's talk about a loss that I just had. Explanations: SMA13>SMA200>SMA1000 1- CCI14>level 200 2- SMA13> high candle 1 3- CCI14< level -100 4- CI14> level 100 at the second attempt 5- confirmations of 4 At this stage all technical requirements are presents. Possible set-up for a perfect entry. The only missing element is the volume. Another element that could be against the trade is the force of the line 1.6350. CCFP show CAD still stronger than GBP. The last element that could give an idea about the possible entry is the chart at a higher timeframe,...

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Quoting raamakant

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{quote} Thanks for a very clear reply as always Ioni72. Thanks for your time and effort in educating newbies like myself, it is much appreciated. Cheers Rama

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Quoting herewego

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{quote} Hi Ioan My thoughts on that trade are that volume being generally down was a large factor. Also although the CCI-14 did not hit -200 it came very close twice. I have exited a few trades at a loss in the past when it has gone to -/+150 to save a larger loss. Keep up your fantastic work on this thread. It is much appreciated.

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