This post isn't dead.... i have been busy slaving at work and at my tradestation ;o)
edotrader, i don't use MT i use Oanda.
rafiqs, all the info on your question can be found in the previous pages.
So.....does this system still work?
Have i been hiding away in shame?
Judge for yourself, the diagrams on the posted pic will probably prompt some WTF!? responces, but just take your time and go from trade to trade, number by number.
I have tried to list the actions as bullet points, something i am sure everyone will understand.
Trade1
1.1
1.2
1.3 . . . .etc.
What i am trying to show here is MY THINKING behind when i enter and exit a trade, it's easy for me to sit here waffling on about CCI, fast an slow stochs but hard for some people to get their head around.......i am the same with other posts, i end up re-reading it a few times so my crumbling grey matter is forced to absorb it
So anyway, here goes.....let me know if it helped ok?........and YES i know i should have done each trade in a different colour but Hey!...i'm not Bill gates :P
OK
Trade 1
(1.1) CCI drops below +100, expect the price to go down.
(1.2) Fast stochs cross, the CCI trend is continuing...good news!
(1.3) We get our EMA Cross, this is our entry.(For those familiar with James' system, this is also an OB!)
The market wasn't moving much which made me a little edgy, so i got out at +42 pips....there was a possible 89 pips to be made.
Trade 2
(2.1) The EMA's cross upwards, excellent, but will it hold or reverse straight back?
(2.2) The fast stochs cross, giving confidence in the move.
(2.3) Just on entry the slow stochs cross, i am happy, this move
will last.
(2.4) CCI has crossed +100, peaked and is now in plateau, time to get out....but this brings the possibility of another trade...a sell.
Trade 3
(3.1) CCI is in plateau, i am looking for the price to begin falling.
(3.2) Price tops out and begins to drop..this is looking promising.
(3.3) Fast stochs cross downwards, extra confirmation.
(3.4) Slow stochs now cross downwards, this move will be pretty big.
(3.5) I Entered at the opening of the next candle after the cross, just sat and waited for the CCI to do it's thing...peak..as soon as this happened i was out of the trade, waiting on the set up of the next one. I got out at +200pips, but could've made 270!!!
Trade 4
(4.1) Just as the CCI peaked for my exit of trade 3, the fast stochs were crossing upwards, good sign.
(4.2) CCI breaks out from the -100 line, more confirmation.
(4.3) Slow stochs cross upwards, you whats comming . . . . we get our EMA cross! The strength of movement is good, the stoch lines are far apart, stay in this baby!
(4.4) CCI is in plataue again, we have had a minor retracement, time to get out.......a happy +600pips to the good
As you can see, this system still works.
These were all done on the daily, so no sweating, no premature actions leading to disapointment in hindsight.....Just happily following the signals the market gives us.
If you are worried, practise this on demo, and keep going, keep going, keep going.....before you know it, you can spot all this in seconds, decide your action and then act upon it.
It won't work for everyone, but it WILL for some of you.
Good luck
CCI in my eye
Charts at point of entry
I was hoping that someone could please post several charts as they are at your time of entry. It's easy to see where to enter as the charts go out further but I just can't get it timed right and sometimes miss the moves or they go the other way. Any help would be great. Thanks.
Maurizio77 How do you set the -100 +100 on CCI
Thanks for this system, I am all set up now to try it out on my demo.
Linear Mode
