Yep
UPDATE: Stopped out for a breakeven, divergence formed on the 14 CCI.
Eventually somebody who reveals a method that they use in real life...
Hi Bob,
Would this process of trading work on 5 or 1M time frames for scalping. Is this CCI indior reliable on time frames. You've got a method that was good here. I browse a lot of information on Woodies web site regarding CCI. Thanks....T-Wolf
Thanks for the system bobblong, I've been using it all day but only after I went long on a G/J so I was quietly hoping your last pick wasn't'too' accurate.
I'm looking at the 4h though but if you have a look at a little more background on the 15m you can see that there were bigger previous major higher highs and lows and when the entrance signal came up that the price was in the later part of the downward move/pull back.
Studying the earlier entrance signal extended at 14.30gmt could have been profitable though, nice one.
This works just fine on a 5 minute charts, however, the principles are just the same and must be followed very strictly i.e trade on the appropriate side of their moving averages, be conscious of levels on the market and take the ideal ZLR's if the 50 CCI reveals strong momentum on your direction. Trade at your own risk
I have not tried it on 1 minute charts... let us know how it goes, it should theoretically work precisely the same.
Bob
Really this was a later phase of the pullback, but this should not stop anyone from taking a trade if the conditions are satisfied, they were not fulfilled previously during this pullback, therefore I'm pleased that I stuck to my rules. . That warm fuzzy feeling you knowOriginally Posted by ;
Would you place a chart of this sign on 14:30gmt?
Bob
Here is how I see it for quite a while, is that correct? I would have exited in the point at 01.15 (a reversed signal if you prefer ).
In fact, looking at the chart now I could even enter earlier at the CCI50 cross over -50 along with the 14 over 0 awarded that the prevailing longer term fad and it's setting again
Dr Bob
Exactly the Exact Same Guy from WizeTrade and PremiereTrade? If so congratulations for making the move, George and James' loss is our gain.
There's plenty of information given out here, and you have amassed a massive amount of experience in the one year you have been trading, thank you for sharing that. You clearly have loads of followers.
Is there anyone who has traded this method on a live account?
I'm about to properly finance my account after 6 months of proving I have a method set up. It isn't this system here, as I have had as many unsuccessful set-ups because I did follow throughs when I looked at everything you post. It's also boring sitting there waiting for candles to close on what seems to me more than a Line Chart. My reduction maybe.
For me personally, anything about a 15 minute chart is too little a time frame. I trade off the Futures and Bond prices, and then confirm with the technicals about the 1 hour and 4 hour charts when trading the Yen. These cross-over lines just aren't reliable enough on something as volatile as the Yen.
I'm not looking to promote my method of trade, far from it. It's ideal for me and I've developed a Plan that won't suit everyone, I don't want the strain of something not working, and have accepted that 30% of my transactions will fail. I've great enough cash management in place to make a winning Trading program. Maybe after a year of me live, I will seem to share it, but only if it stays as dependable through all kinds of Market situations. That's why I am curious about who's employed what you market, on a Live account, also has a history of making it work.
Genuine question, I could not see a refference for it into your posts, but for so many commerce set-ups that get published by you I only wondered how so many men and women are trading it Live, and the number of have a history of success with it. Have you been reside trading these Dr Bob? If so, what percent return does the'Not all the Pips, But All Of The Trades' really return you annually?
Hope you don't mind me asking, but I have seen so many threads posted here that promise to reunite, but with very few Account Balance statements to back it up. Seems as though many have given up on the Red Line Green Line system. That was meant to be a winner but nobody revealed they could make that one work either.
I expect that I don't get slammed with people asking'how dare you raise this question'. To me if it's posted in a public domain it ought to be questioned. If you have already answered this in another thread then point me in that way, I could not find anything about it.
Thank you for your time.