Maximum profit/lose is 100/27

No need to get personal here just because ThePhoenix is suggesting to lay out your entry and exit conditions in a [B]structured[/B] way.

In fact it is common practice to do it that way. Trading has a hell of a lot to do with structure because if you have structure you have [B]complete understanding[/B] of what you are doing. Otherwise you would not be able to present your structure… :smiley:

Dragon, like I said, get stuffed. I don’t know why you seem to have some sort of problem with me. I already have several methods I trade successfully LIVE that work for me, but I’m always trying new things.

Joes method intriqued me because of his win/loss , risk/reward 8/10 27/100, if that his is norm and repeatable over the long haul, then that is phenominal.

[B]I’m asking specific questions to make sure I’m doing it specifically close to his way.[/B]
Getting back to the picture. The picture is just a picture and past tense. It can’t tell you which indictor you are looking for to pop first.

For instance do you enter when the super trend changes when the CCI color has changed to that color bofore the super trend? Do, the super trend, the CCI & the arrow all have to line up and appear on the exact same bar? Or can it happen one after the other. Super trend changes, CCI changes to agreement, then an arrow in agreement appears? Does the sequence in which the appear matter?

These are a all specific and important things.

P.S. You are just mucking up joes thead by attacking me for god knows what reason.

P.P.S. All, “superior master contributer,” means is that I have relatively high post count. You’ll see a lot of my post are either A. aksing questions myself, or B. answering noob questions, C. simply discussing something of interest. If you are of the impression that anyone on this board with the title of, “superior master contributer,” or above is a guru or trading expert simply because of their title, well you are pretty stupid.

You lie, if you trade succesfully you don’t search for new things.
The reason for what you call is an attack is because i find you “stupid” and it is a small revenge because you did it with a friend of me

Sorry Joe for the interrupt. You won’t see me here again :wink:

I have been noticing you post for a few days and I am looking for the same answers as you are. I have been following Joe’s strategy for about 3 days and so far it has been working very well for me. First I look for the EMA crossover signal then I look at the supertrend. Then I look the CCI indicator. I also look at the RSI just to see the strength of the trend. I have noticed that you dont have to wait for ALL the indicators to match up at the same exact time or the closing of same candle… (although its great if they do). Lets say if you get the EMA crossover confirmation you are looking for but you do not get the supertrend or CCI confirmation then you “I GUESS” either wait for them (for a few candles like 2 or 3??) or you let go of the trading opportunity since they are not matching up close to each other. Market could simply be playing tricks on you??? “I THINK” you can also change the time frame I.E go from 30mins to 15 or 5 mins just to see what sorta confirmations you are getting then.

This is what I have been doing… and I kno you wont find my “answers” assuring or “STRAIGHT FORWARD”, but maybe it will give you something to think about!!! OH and one more thing… you can BACKTEST with Joe’s system and see what and when the indicators went off and how the market reacted to them. Sorry once again pal. Hopefully u will get better answers from the real man :D:D:D (Joe)

Takecare and Happy Trading.

Dragon and phoenix should stop this verbal attack, we are here to learn not to fight. Our aim is to make pips not to jab, so guys, lets remain focus.

Os pre�os est�o se movendo para cima quando um sinal v�lido apontando para baixo. What should we do ?
There are two things we can do. The first is to wait for the price back down and we will open a short position at 1.6270.The second is waiting to see if this pair is serious about continuing the journey up and we will wait supertrend changes.
If this pair were led down to follow supertrend and CCI, where we will set targets? the best target is between S2 and S3 is 1.6150. On the other side if this pair continued the journey up the targets are 1.6450 and then 1.6600. :smiley:

Happy trading

I am very sure you’ve got a good pips from this pair. This pair does not need analysis at all.

The rule of our indicator is, selling at the time of supertrend changing colors for the first time at the top, and the CCI and arrow was confirmed. I deliberately did not use the arrow in this chart to train your ability to see the cooperation between supertrend and CCI. and Stoch is only used to help strengthen the analysis.

Just to remind you that the volatile pairs during the asian session is associated with the yen Australia and NZ. So you do not need to analyze the EURGBP or EURCHF pair for example.:smiley:

Hi people,
just because I am a bit sorry when seeing discussions here taking a weird direction…

Not to detract anything from Joe’s wonderful job: he’s showing real signals real time, helping people understanding…

…[B]but[/B]…

If you want some more details and information, I think that sometimes you could also try to make a bit of homework! The cyberspace is even a bit larger than the green garden here.
Actually Joe’s is a smart (and based a lot on his wonderful experience as a trader!) version of quite known CCI-based methods. Look around for Soothsayer and WoodiesCCI, and you can find HUGE sources of information. I am sorry that admins here are so strict about links sharing (in my view it’s not very appropriate for an “information sharing place”, I fear…), and so look for such stuff.
Even more: there is not only the green garden, and not only… FOREX! These systems have been around also for other markets since quite a lot now. I discovered just yesterday that, on my (the best) options broker site (the one with a monkey…), Ken Wood himself was presenting the Woodies live on 15 July (so very “on time” with current markets conditions), and there is a Flash presentation of 1hr and 10 min for free…

What these systems have to do with Joe’s, judge yourself. The [B]way[/B] Joe’s applying them is his [B]special[/B] and as I already noticed while trying to code it into a “fixed rules” mechanism, it is not just a mechanical application of few rules, but entails a lot of very good judgment by him. For more rules, tricks, details, tweakings, variants, probably it is worth looking at similar systems (whether or not they were the “source” of Joe’s ideas or it’s just a case of “convergent evolution”).

Bye

Fabio

Thanks joe, but I think we have a bit of a lanquage barrier here. Is this what I’m to understand from the above post?

1.First wait for the first color change of the supertrend at the top or bottom.

  1. When CCI & arrow then agree is entrance. [B]This is where I’m confused. Can the CCI & arrow confirm before AND after AND at the same time as the super trend. [/B]

The Phoenix,
I think to interpret things correctly (but Joe, PLEASE correct me if wrong), that you don’t have to see [B]all three things[/B] (kinoCCI, supertrend, arrow, i.e. EMA cross) [B]happening together at the same time[/B]. You should take e.g. a [B]long[/B] position when:

  • kinoCCI points up (light green or green)
  • the supertrend is green
  • last arrow is pointing up (meaning: fast EMA > slow EMA).

If you want to strip it down more, keeping in mind that, any direction it has, the supertrend is RED when the CCI(50) < 50 and GREEN when CCI(50)>50, and that the colors of the kinoCCI are just a visual representation of CCI(34) and CCI(170) levels, the system ends up in this simple rules:

*Buy when EMA(1)>EMA(3) AND CCI(34)>50 AND CCI(50)>50 AND CCI(170) >50

*Sell when EMA(1)<EMA(3) AND CCI(34)<50 AND CCI(50)<50 AND CCI(170) < 50

There is nothing “before” or “after”. Act as soon as all these four conditions are satisfied.

This is the MECHANICAL RULE, as you can see here (it’s just page 5, not 34 of this thread… you could also scroll a bit back, maybe?).

BUT

THIS IS JUST THE MECHANICAL ENTRY RULES.
As pointed out by some of us, Joe’s “system” is very much based on his (very good) “feeling” about the market.

[U]Profit levels[/U] are essential (and, as far as I have understood, sometimes he’s able to “tweak” them ON THE FLY, if he visually sees the market changing opinion in the run).

[U]AVOIDING ranging periods[/U] is essential ([B]I[/B] suggested to stay out while the supertrend is flat, until it changes color while being flat), but perhaps this is not the “key”.

THEN he always repeats to go JUST in the reverse direction suggested by the [U]TOP and BOTTOM zones[/U] (i.e. go short when close to top, go long when close to bottom). And here I must say that there is no “formalization” about what is “top” and what is “bottom”. Is a S/R, but based on how many bars?

THEN Joe also suggests looking at the [U]5M timeframe[/U] for timing the entries (coming, maybe, from the Soothsayer?).

…In summary: as a “pure mechanical” system, both Coen and I already backtested it and found it unprofitable. Don’t try to follow it such a way. This is an HELP to something that can be defined as “[B]market wisdom[/B]”:). And, :rolleyes: maybe, and humbly… my friend. To get more of this latter, would it be so bad going and looking for the references I indicated in my last?

Don’t take it wrongly, please! Just trying to help!

Bye

Fabio

Edit: P.S. It [B]might well be[/B] that, by optimizing “[U][I][B]the right way[/B][/I][/U]” (no time to explain… read Pardo’s book “The evaluation and optimization of trading strategies”, 2008 edition) the 5 parameters (EMAfast, slow, and the 3 CCI’s) this system can become profitable EVEN in a mechanical way, maybe with some more tweaks in profit level, some filters for volatility/market condition (ranging/trending), some good S/R indicator… But this is a whole research project… And probably Woodies and others have a lot of material about it.

Hello Phoenix, I really appreciate your desire to master this indicator. I can guarantee that you will succeed in the near future from a lot of practice. Why was I recommended to sell the GBPUSD from 1.6270 ? Please answer before we continue the discussion.

Hello Fabio, I am very impressed with your analytical abilities, and the style of your writing it seems if you are a lecturer and not a regular trader. I’ve never met people who really serious in investigating something.

Frankly there is a very simple way for entry (based on my experience) and this certainly you are looking for.

Hallo Joe,
Thanks for your nice words.
But please, have mercy of this poor dummy.
In my previous post obviously there is a stupid mistake!
Everytimes you read CCI <> 0, please: understand <> 50!!!

I will also edit my post. I don’t want to mislead anybody.

I’m still looking for the good system for me. Yours could be a good candidate. Unfortunately, due to my job, I cannot look at the computer during the good trading hours. So: either I find a fully automatic way of placing trades, or I concentrate on more diluted, but equally profitable, methods. For instance I am a fan of optioms. There I trade placing limit orders during closed markets and my positions develop in two-three weeks.
Bye and very sorry for my dumb and damned mistake!

Fabio

Hi Joe,

I’m really appreciate that you sharing your works… Could you please send me the indicators? Thanks a lot :slight_smile:

Hi Joe,

I have finally corrected the mistakes, not to cancel my shame :eek: but not to confuse people.

Now that I can write from a normal keybord and not a BB, let me laugh on myself and comment about your right sarcastic comment about me as being a [B]lecturer[/B]! LOL LOL. I make it because I have learned till here to esteem you a lot.

HOW RIGHT YOU ARE!

On one hand it is pretty correct: after having spent 13 years in collecting academic degrees and 13 in trying (failing!) to become a professional scientist, I must admit my approach being a bit pedantic, tedious, and more complicate than productive! I have embraced trading since more than two years, now, as a sort of “remedy” to my frustrated ambitions, probably.

The fact is that I like it very much, and would [I]really[/I] like to make it for a living, letting my non-satisfactory daily job, finally apart. But, as a father and husband, I cannot afford making it without the needed capital (also for buffering out bad times…).

So, between job, family and few other things, the time that I can really dedicate to what I would like becoming my professional job, is reduced to a couple of hours exactely between the close of the US and the open of the Asiatic market… so basically when nothing goes on, even in the so called 24/7 forex… I fear that even your nice system cannot make a lot, under such circumstances.

With your long and fruitful experience, I will surely appreciate your suggestions on this topic. I thought, already, to try it on D1 bars, but I fear I would get about one signal every two or three weeks…

Therefore, please understand my “lecturer-style”. On the forex, on shorter timeframes, I think that for me finding a system where a computer can place trades for me during my office times, is basically the only solution! And therefore I continue focusing on math, algorithms, formalization of systems, methods and concepts, because it is the language I can talk to computers (and also because, as a scientist, I love them too. LOL! :D). And this is why I go on reading and looking around…

Well, with options, as I said, things are a bit different, because there you mainly work with spreads, where you start out from the beginning hedging risk and playing on volatility swings more than price swings. Also if the direction forecast is not completely precise, there is room to profit also from small sideways moves in either direction. The problem, there, is that, if forecasting the range of small variations for a brief period is not terribly difficult (I manage it quite nicely, now), the trade must hold the market into this small range over three-four weeks. And forecasting the price now for three-four weeks is… not so easy! LOL:D.

So: you or anybody else. Have you a suggestion for a “roadmap towards the freedom”? LOL :smiley:

I am a quite hard worker: this, I hope, is quite clear. Please don’t ask me to stop sleeping: because, this I need! LOL LOL

bye

Fabio

I appreciate the teaching style joe, but before we go there could you please just plainly answer the question. The question being, after the super trend changes color:

  1. If the CCI is already in agreement is that an entrance. If the CCI is not in agreement and then changes later then the supertrend is that then the entrance.

  2. The same as #1 but in reference to the ema arrows.

[B]What I really need to know is that after the super trend changes is there a specific order the other two indicators, “cci/ema arrows,” have to pop in. [/B]

Looking at it I’d say you recommended going short at 1.6270, because the supertrend/ CCI were in agreement AND it looked like a possible 30 minute retrace/bounce. Which is why you said, "if the pair was serious about going long or is going to continue short.

Ok, I understand about your secondary entries, you look for the retrace.

I’m still working on what is the strongest/first entry rules. Please see my question above.

For instance: On the GU pair you posted here for the 1.6270 recommendation.

The CCI changes to red in agreement with the supertrend well before 1.6270 would that have been an earlier entry? The first entry?