hi joe,
i’ve gone through the thread you directed me to, and i will said that i find it easier to understand what is going on this particular thread than the other one. so please i need your support to make it in forex trading by using your system. and please help me by attending to my question at post #591. thanks for sharing your system with us.
Hi Sweetpips.
Thank you for your explanation. I does help. However what i was trying to more get clarified is that what if 4 hr chart is in countertrend going upward and the major trend is downward is it ok to get in a trade using 30m chart for some 30 pips rather than waiting for the 4hr chart to get in the same direction as the major trend?
will wait for you or joe to throw some light.
Hi Sweetpips.
Thank you for your explanation. I does help. However what i was trying to more get clarified is that what if 4 hr chart is in countertrend going upward and the major trend is downward is it ok to get in a trade using 30m chart for some 30 pips rather than waiting for the 4hr chart to get in the same direction as the major trend?
will wait for you or joe to throw some light.
could someone send me the colored cci indicator ?
looks cool
Hello bigpips007. I am sorry, I just come back from holiday and I need to study the chart , You will start receiving signal next monday. Please get ready for a long journey to meet your goal ( You need at least 27 months to become a RICHBIGPIPS). We will not trading every day but we will grow our capital 8% each week or 32% - 35% a month.
Please go to thread " Indicators do I really need you? " if you want to set your chart as mine so you may study and understood the time I give a signal.
Happy trading
and fun
Hello Bro,
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RSI 9
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You can use zigzag if you like to see top/bottom but I prefer to give you free signal for 2 years and you can learn from that signal the reason I make that call. Just open my profile for my ym.
Happy trading
Hello, please open my profile
it is indeed
Hello Joe ,
thankyou so much for your hard work i really appreciate it i have been following your thread since beginning but hardly messaged here
i am confused over something .today on eur/usd chart it showed double or tripple top not sure if its double or triple lol anyway there is chart i posted after this long up trend i was waiting for market to show sell signals so i would get into trade so i was looking for CCI to turn red for trade. can you see the last red arrow appeard before CCI turned red ?we are not supposed to get into trade when this arrow appeard because CCI was still yellow so we would wait for CCI to turn red but after 2 candles CCI changed to RED so it is lagging indicator as soon as it changed red i have pointed the candle on chart where it changed to red we would get into trade lets say we sell it and put our SL as u mentioned but thats da only candle went down and we wer expecting it to go down further as this sell trade came after a long uptrend but this was da only candle down and market came up after this and would hit our SL is there any other way that CCI turn red quickly b4 this and would giv better signals ? coz i dont understand if it gives lagging signals like this it wouldnt solve da problem
am sorry if i am being a pain but i am jus confused over this
regards
Nice to hear back Joe:
Are you going to comunicate using the messenger or the other thread? I tried two trades in your absence using your system. One i lost 50$ and other one i made 20$. I have read so much of everything that all the info is clashing in my head. I am glad you are back. Next week i only wanna trade using your guidence. I live in US. What timings do you trade?
Once again i am glad to hear back Joe.
Hi Imran,
Hope you don’t mind me buttin in with my perspective. I’ve been using this method with a dual timeframe logic being that the higher timeframe trend sets the bias for which direction to trade in. In this case the higher timframe shows the trend is up. The problem with trends is not knowing if they are going to continue or end.
Apparently it’s consolidating/ranging a bit now and yes the CCI turned red at the low edge of that range which is now a double bottom. Sometimes there will be false signals, but at least the stop loss is small and keeps you from wasting your time in drawdown while it figures out which way to go. Remember, price moves in waves…normally the range each wave can move is only so far until it needs to pullback before moving further again.
I do see that there is another signal to go short and at least it’s higher up than the last signal so there is some downside potential before the double bottom support again, and more IF the trend is now reversing.
However, consolidation/ranges I believe are more often signs of trend continuation…but just where in that trend are we (beginning, middle, end)? After looking at the past chart data, it has been going up for awhile…so in elliott wave world and my limited knowledge, my best guess would be…it’s due to go down now… and I’d probably be looking at that new signal too …it’s all about probabilities.
hi sweetpip thankyou for your reply i appreciate it i was jus following joes rule as he said when ever market is in trend and for the first time when it changes cci and all the signals you shudnt miss that oppertiunity thats what i did and i was checking the past data and i noticed you do get alot of false signals like that and moreover cci turns abit slow after supertrend changes its colour which is confusing me alot anyway thanks for giving me hint i would look at elliot wave theory 2 and try n mix these 2 methods together byee
Thank you very much JOE!!!
How are you Sweetpips? Actually i had the same question coz i went wrong using only 30m timeframe. What time frame do you use? 4hr or daily? Should they also be going in the same direction or we can work with them retracing.
Thanks
Hi bigpips. Little hungover today…Oktoberfestivities last night…but will recover
I’m deviating a little from Joe’s method and am using 2 cci’s with different settings. One is set with a shorter lookback period on the 15m, and the other with a longer lookback period to try to match the hourly. When both cci’s are red or green, then I enter.
At this point I’m still experimenting with different settings and time frames. This came about after practicing on an mt4 simulator which doesn’t allow changing of time frames while it’s running so to compensate I put the 2nd indicator to help with that.
I’m only using elliott wave (e-wave) analysis for simple pattern recognition using ABC and 1234 for trying to identify if price is in a trend or correction. I asked Joe if he used it too, but he said he didn’t know about elliott, however I wouldn’t be surprised if he does only he doesn’t realize it…lol.
Well must enjoy the festivals. I am a little confused. See 15m chart always catches the direction much earlier than 1hr chart. Now when 1hr chart starts going in the same direction it is kind of very late for an entry. Lots of time the same problem i see between 30m and 4hr chart. Now if you wait for both to match it might be 50 pips late. I think Joe strictly follows 30m chart and no other which normally brings success but not always goes as far as 100 pips. I don’t know what to do. I also get confused with exit rules other than say certain amt of pips. Recently i have been practicing pivots and trendlines and fib. None of them have accurate results more that twice in five different situations. During day i can monitor but i never feel comfortable leaving the trade on over night. Please advise.
Hi Joe,
I am newbie. Please elaborate.
thanks.
hello everybody,
I’m a newbie in the forexmarket and by (hopefully enlightening) accident my eyes fell on this topic… I’ve been monitoring in the last 3 days the markets based on Joe’s setups and trade rules and I must say that it’s got awsome potential.
especially between yesterday evening (my time is GMT +1) and this morning, a fair 300 pips could have been achieved easily on cable, fiber and usdjpy following Joe’s rules.
Thanks Joe for sharing this great system, if you’re interested I’ll keep you updated with my results so that we may eventually confront on signals…
happy pip-hunting everybody,
ArcticPips:eek:
Hi Joe,
I am unable to get clear picture from Post #10.