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Scalping trading system CCI based

  • #761
  • Jun 9, 2017 8:28am Jun 9, 2017 8:28am
Hello traders and hello investors,

I would like to present to you a short strategy that I use for the very high impact news as NFP, Employment Change, GDP, Unemployment rate.

TF used is 5m. Wait for the first candle after the news to close. This is my candle 1, the reference one. Wait the first engulfing outside candle that close above or bellow the high or the low of the candle 1. This is my candle 2. Entry point.

The Stop Loss line is set at the high or low of the candle 2. The risk reward to use is 1:1.

Here is the EURCAD chart with the explanations.

Results for today, including the reaction of the market to the UK elections and the Employment Change of Canada are quite good: +192.4 pips and +6.84% net profit. I have finished the week with 354 pips and 12.02% profit. Not too bad for a small week.

I wish you a nice weekend,

Ioan
Attached Image (click to enlarge)
Click to Enlarge Name: 06_09_2017_news_EURCADM5.png Size: 60 KB
  • #762
  • Jun 11, 2017 1:18pm Jun 11, 2017 1:18pm
hello Ioan

Thanks for the trading system. I wanted to read all the posts before I make a comment. I am currently at post 225 but I still ave a problem on the confirmation candles:
For a long trade for example, after establishing the high of the candle when the CCI > 200, what do I do when
1. The CCI retraces below -100
2. The CCI did not retrace below -100 (but retraced below 100)
3. The CCI did not retrace below 100
  • #763
  • Jun 12, 2017 12:54am Jun 12, 2017 12:54am
Quoting manlukas
hello Ioan Thanks for the trading system. I wanted to read all the posts before I make a comment. I am currently at post 225 but I still ave a problem on the confirmation candles: For a long trade for example, after establishing the high of the candle when the CCI > 200, what do I do when 1. The CCI retraces below -100 2. The CCI did not retrace below -100 (but retraced below 100) 3. The CCI did not retrace below 100
Hello manlukas,

Thank you for your interest, that's first of all.

Secondly, I have updated some time ago the main indicator used for this strategy. You could see it in red in post 1. I have replaced CCI by Momentum because of the number of fake entries on charts at 1m.

Third, do you ask about confirmation candles or about how to entry in general?

Have a nice day,

Ioan
  • #764
  • Jun 12, 2017 2:55am Jun 12, 2017 2:55am
Hello Ioan

Thanks for your response.

I had earlier downloaded and installed the indicators (wit the CCI) and needed clarification on entry confirmation. But wit your replacement of the CCI wit Momentum, I guess I need to ask about how to enter in general

Keep up the good work

Manlukas
  • #765
  • Jun 12, 2017 3:36am Jun 12, 2017 3:36am
Hello traders and investors,

First part of the day is finished by now. 16.1 pips and 0.5% net profit.

I have decided to get a new confirmation for the candle 3 or the group of the candle 3, by another indicator, the TDI. And it works very well as expected.

The chart is below. As general information we have a win rate of 75% and the time spent in trade is around 3%.

Thank you for your kind words, for all of you who send emails during the last weekend.

Have a nice week and many green pips,

Ioan
Attached Image (click to enlarge)
Click to Enlarge Name: 06_12_2017_GBPAUDM1.png Size: 65 KB
  • #766
  • Jun 13, 2017 1:14am Jun 13, 2017 1:14am
Quoting manlukas
Hello Ioan Thanks for your response. I had earlier downloaded and installed the indicators (wit the CCI) and needed clarification on entry confirmation. But wit your replacement of the CCI wit Momentum, I guess I need to ask about how to enter in general Keep up the good work Manlukas
Hello Manlukas,

Sorry or the delay, I saw your message right now.

There is a general trend to be analyse on a higher TF, 5m or 15m, it's your own decision. I'm going to explain just for a BUY order and you should change the rules in consequence for a SELL order.

Take the highest point of the candle where the Momentum hit the level 100.1 on this higher tf. Go on the chart at 1m. The SMA 13 should close above this point and stay above. Two possibilities: the Momentum is above the level 100.1 on your higher tf and on the chart at 1m, in this case you have to entry using japanese candlestick patterns. Personally, I use the engulfing outside bar and the confirmation of this candle or three inside up/down with the confirmation.

The second possibility is with Momentum above the level 100.1 on your higher tf but not on your 1m tf. In this case you should wait the next time when the momentum broke the level 100.05 with the confirmation. The remark I could add is that for this situation only, if the Momentum went below the level 99.95, you should wait the second attempt with confirmation to broke the level 100.05.

The rule for the confirmation bar: the candle that close above the high of the bar used as reference within the maximum next 5 bars. If one of those bars make a new high but it doesn't close above the high of the reference bar, this will be the next point to be used as reference within the max next 5 bars.

That's all.

If you need more informations, please send a PM.

Have a nice day,

Ioan
  • #767
  • Jun 13, 2017 3:37am Jun 13, 2017 3:37am
Hello everyone,

There are mornings like this one with such a high volatility and in consequence, such possibilities and opportunities for us.

I have traded GBPJPY, that's my favourite pair and GBPAUD. I can stop for today and take some rest.

Results: +153 pips and +2.9%.

I'm going to present below the chart with the explanations for the trade taken on GBPAUD, with an entry at the second time when it was possible.

A nice day to all of you,

Ioan
Attached Image (click to enlarge)
Click to Enlarge Name: 06_13_2017_GBPAUDM1.png Size: 71 KB
  • #768
  • Jun 14, 2017 5:18am Jun 14, 2017 5:18am
Hello traders and investors,

Several trades this morning for 164 pips and 2.1%. Another big day for us. The line of 3000 pips for 2017 has been hit.

The chart is bellow. We have three entries only on this chart, A and C have been managed by the CCI indicator built by Jagg. The trade designed as B has been managed by Momentum indicator.

Our new portfolio will be operational tomorrow. Investors will add funds as requested, only the minimum possible and will grow up their participation only if they will agree our funds management. I will create a trade explorer for this purpose only to be completely transparent for any of our followers.

A nice day to all of you,
Attached Image (click to enlarge)
Click to Enlarge Name: 06_14_2017_EURAUDM1.png Size: 69 KB
  • #769
  • Edited Jun 22, 2017 3:56pm Jun 16, 2017 1:20am | Edited Jun 22, 2017 3:56pm
Hi guys,

Very busy and difficult day for me yesterday.

Our { information deleted by staff, per membership policy } Trade explorer activated. You can follow the daily performance. I don't need to post again figures with pips and percentages, it's all public for this offer of mine.

{ information deleted by staff, per membership policy }

A nice day to all of you,

Ioan
  • #770
  • Jun 19, 2017 1:07am Jun 19, 2017 1:07am
Hello traders,

A short post about the last Friday. One single trade, one single entry. I entered on GBPAUD even if very low volatility and low volumes.

It took more than 2 hours to hit the first 10 pips. That is the level where the stop loss is moved to the entry level +2 pips, or break even. For those who know that, this is a money management strategy to reduce the risk to see the price going against us after a certain number of pips in the direction of the main trend.

That has been the situation also with my entry. Finally, a long day with a break even. There are day like that.

You can follow know the results by checking the trade explorer, so no need to post the number of pips and percentages because it's all presented in the differents tabs of the TE.

A good week to all of you,

Ioan
  • #771
  • Jun 19, 2017 3:17am Jun 19, 2017 3:17am
Hello traders and investors,

This is one of the reasons that make me feel happy when I trade.

It's done for today. Entry on GBPCAD but opportunities on GBPAUD and GBPJPY also. Risk at 1.5% and 24 pips, TP set at 15, as usual, risk- reward almost 1:1, pretty good.

The chart is bellow with the explanations. If you need further informations, please ask.

A very good week to all of you,

Ioan
Attached Image (click to enlarge)
Click to Enlarge Name: 06_19_2017_GBPCADM1.png Size: 64 KB
  • #772
  • Jun 20, 2017 5:40am Jun 20, 2017 5:40am
Hello everyone,

Very hard and stressful trading day but finally I have managed to get out in profit around my daily target of 1% benefit.

Please check the trade explorer for figures. I think I could trade better than that , without taking the risk to go against the main trend but what it is important is the final result of the day.

I wish you all a very pleasant afternoon.

Ioan
  • #773
  • Jun 20, 2017 2:05pm Jun 20, 2017 2:05pm
Quoting ioni72
Hello traders and investors, This is one of the reasons that make me feel happy when I trade. It's done for today. Entry on GBPCAD but opportunities on GBPAUD and GBPJPY also. Risk at 1.5% and 24 pips, TP set at 15, as usual, risk- reward almost 1:1, pretty good. The chart is bellow with the explanations. If you need further informations, please ask. A very good week to all of you, Ioan {image}

Really well done. GJ and GA are my favourite pairs too. EURNZD and EURCAD not too bad sometimes also!

  • #774
  • Jun 21, 2017 1:12am Jun 21, 2017 1:12am
Quoting jmtini
{quote} Really well done. GJ and GA are my favourite pairs too. EURNZD and EURCAD not too bad sometimes also!
Hello jmtini,

Thank you for your nice post.

I like also very much EURCAD, EURAUD and EURJPY. What strategy do you apply, if I can ask you that?

A nice day to you,

Ioan
  • #775
  • Edited 5:42am Jun 21, 2017 2:16am | Edited 5:42am
Quoting ioni72
{quote} Hello jmtini, Thank you for your nice post. I like also very much EURCAD, EURAUD and EURJPY. What strategy do you apply, if I can ask you that? A nice day to you, Ioan

I'm using a bounce off DASR (dynamic area of support/resistance) strategy. I've been trading it long but recently changed settings, trading times, time frame. Now it's working fantastic. PM me and I will share everything with you. 60 pips so far this morning.
  • #776
  • Jun 21, 2017 3:06am Jun 21, 2017 3:06am
Quoting jmtini
{quote} I'm using a bounce off DASR (dynamic area of support/resistance) strategy. I've been trading it long but recently changed settings, trading times, time frame. Now it's working fantastic. PM me and I will share everything with you. 60 pips so far this morning. {image}
It seems to be something very interesting, isn't it?

It's one of the best way, in my humble opinion, to be able to determine the S/R zones and use them to bounce from.

Personally, I'm on an intraday strategy at 1m, with the main trend identified on higher timeframes.

Let's keep on touch if you don't mind.

Ioan
  • #777
  • Jun 21, 2017 3:14am Jun 21, 2017 3:14am
Hello traders and investors,

Another day in the paradise for me.

At the London open, very good volatility, opportunities present on GBPAUD, GBPCAD, GBPUSD and GBPJPY, that's for the pairs checked permanently and used for trading. I have decided to enter short on GBPJPY because of the ccfp, where the spread between the two legs GBP and JPY has been the most important at that moment.

Time in trade just above 10 minutes , so for an intraday trader the level of the stress has been mastered. You know what I mean, even with a low risk there is always something that could push the trader to do mistakes.

The chart is bellow as usual, with all the explanations on it. Don't hesitate to ask if you need further informations. For figures, please follow the trade explorer.

I wish you all a nice sunny day,

Ioan
Attached Image (click to enlarge)
Click to Enlarge Name: 06_21_2017_GBPJPYM1.png Size: 54 KB
  • #778
  • Jun 21, 2017 5:42am Jun 21, 2017 5:42am
Quoting ioni72
{quote} It seems to be something very interesting, isn't it? It's one of the best way, in my humble opinion, to be able to determine the S/R zones and use them to bounce from. Personally, I'm on an intraday strategy at 1m, with the main trend identified on higher timeframes. Let's keep on touch if you don't mind. Ioan

Of course! You're doing really and your system is great.
  • #779
  • Jun 22, 2017 5:59am Jun 22, 2017 5:59am
Hi ioni

Why did you take down your trade explorer? Did you have a bad day yesterday? I ended up losing all my gains when I tried some scalping in the afternoon! Recovered some this morning on EURNZD
You are fortunate to be 1 hour ahead being in Europe. I overslept and missed the perfect set-ups! I am emigrating to GMT+2 in a month. Can't wait

I'm selling EURCAD at the moment. Here's hoping for Euro weakness !!
  • #780
  • Jun 22, 2017 9:08am Jun 22, 2017 9:08am
Quoting jmtini
Hi ioni Why did you take down your trade explorer? Did you have a bad day yesterday? I ended up losing all my gains when I tried some scalping in the afternoon! Recovered some this morning on EURNZD You are fortunate to be 1 hour ahead being in Europe. I overslept and missed the perfect set-ups! I am emigrating to GMT+2 in a month. Can't wait I'm selling EURCAD at the moment. Here's hoping for Euro weakness !!
Hi jmtini,

Not for the trading day, this is not the reason.

I had a short exchange with the stuff from FF and they asked me to remove all the elements sending to a commercial attitude. As you know, I tried with this thread to organise a small team of traders and by working together and investing a little bit together to be able to build a charity project for each of us. There were very few people interested. This is the true. So, I tried to make money for people and manage myself , with the earnings coming from this new position of mine, to build my charity project. BUt now my attitude is too commercial, unluckily.

So, I think for the moment I'm going to stop my contribution and let people to do what they want to do with their consciousness. If you want, we can keep in touch by Pm, if this could be ok for you.

I wish you a very nice evening,

Ioan

ps: and btw, I shorted the EURCAD too!!!
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