|
|
|||||||
| Journals Document your trading journey here |
 |
|
|
|
LinkBack | Thread Tools | Display Modes |
05-02-2010, 03:45 PM
|
||||
|
||||
Trading NF without price/volume chart...!
I have been trading the woodies CCI panel For the past 1 week and found it doesnt require price charts or volumes. Just 2 CCI plotted on the same graph can give enough information to make the trading decision confidently. The stop loss , entry and exit are CCI based. Woodies advises not to use price charts as the movement seems to confuse people and stops them from reacting...
The entire system is pattern based and all i do is look for valid patterns and enter the trade based on that. The results are consistent. Bad trades gets stopped out early. Good ones are let to run. We cant catch the top or bottom, but we do get a significant portion of the middle. I wonder if anyone had tried trading woodies cci panel by itself...
__________________
“Formal education will make you a living; self-education will make you a fortune.”     
|
|
05-02-2010, 05:06 PM
|
|||
|
|||
|
some charts would help buddy...
please mention your preferred timeframe, too... 
|
|
05-02-2010, 05:50 PM
|
||||
|
||||
This is yesterday's daily chart. Gave me enough confidence to buy 30 lots of 4600 put and 5000 call. Exited all but 10 lots of 5000 calls which is free now. The other positions gave very decent returns.  This is the weekly chart. Its showing signs for a buildup for a GB 100 trade. We need 6 bars below the zero line for a confirmed down trend and so far we have 2. If NF gets a positive closing next week then the pattern will be start taking shape. The upper chart suggest we entered the bearish phase and might test the floor.  Intraday i trade 1min for the first 20 min and then shift to 3min TF after that for the rest of the day. I look at 15 min chart to take options trade. For carry forward trades, i prefer daily and weekly.
__________________
“Formal education will make you a living; self-education will make you a fortune.” Last edited by linkon7; 08-02-2010 at 02:17 PM.
|
|
08-02-2010, 10:19 AM
|
||||
|
||||
 Morning there was a long at 4727..which i didnt take. Took this short at 4751 and now waiting for floor to break to exit... reason for the short : tony trade in CCI and reject of roof on floor roof...
__________________
“Formal education will make you a living; self-education will make you a fortune.”
|
| The Following 3 Users Say Thank You to linkon7 For This Useful Post: | ||
|
08-02-2010, 10:30 AM
|
||||
|
||||
 EOD, unless fllor is broken... and trendline is broken on cci... no long position is possible... entry trigger is placed at -56 Till then, its short every rally...
__________________
“Formal education will make you a living; self-education will make you a fortune.”
|
|
08-02-2010, 10:39 AM
|
||||
|
||||
 exited...@ 4684... Horizontal resistance broken in CCI floor broken on FL
__________________
“Formal education will make you a living; self-education will make you a fortune.”
|
|
08-02-2010, 10:40 AM
|
||||
|
||||
any tested reports 
|
|
08-02-2010, 10:47 AM
|
||||
|
||||
I can give you a monthly report after another 2 weeks... 
__________________
“Formal education will make you a living; self-education will make you a fortune.”
|
|
08-02-2010, 10:56 AM
|
||||
|
||||
 shorted : 4689 reason : gb100, trendline break, double top on floor roof... SL zero line break on FL hard stop : 4700
__________________
“Formal education will make you a living; self-education will make you a fortune.” Last edited by linkon7; 08-02-2010 at 11:05 AM.
|
|
08-02-2010, 11:04 AM
|
||||
|
||||
|
flooor broke, cci didnt touch -100 and is flattening out... band contracting....
shifted SL to floor line.... hard stop at 4689
__________________
“Formal education will make you a living; self-education will make you a fortune.”
|
|
| Thread Tools | |
| Display Modes | |
|
|
Linear Mode
