Search results

Sorry, I'm very tired and didn't notice.

The cci settings are just the standard setups that come with tradestation. I haven't played with it at all. I just looked at some trades with it and noticed it made looking at divergences easier.

I'm sorry I don't have all the stats you want. I track risk:reward per-trade, %win, and number of trades. The average reward:risk has been 1.6 for this year. I risk 2% per-trade so the average % loss on losers is going to be 2%. With a reward:risk of 1.6 the average % gain should be 3.2%. The...

Yes it is. I don't take those trades. Decide for yourself if you want to take them.

No

It's from experiences like the one you posted that I look for clear divergence. I wouldn't have taken that trade today. Price going up and the indicator going down. Should be very easy to see. Sorry I can't be much more specific than that.

This is the divergence I was looking for.

I like to start looking for signs of divergence starting when the adx crosses above 30. The theory is the trend is starting to age. Now is the trend losing momentum? I should be able to see it in price and more easily with the CCI indicator. If not, I wait. Here's a re-post of why I didn't want...

I explained it earlier. I want to see CCI heading down with price heading up. I should also see some indication of price momentum dying. The CCI was flat with price up and no indication momentum was dying. Just a couple of bars later and cci was heading down with price flat. Had the 1:10pm ct...

If I had seen clear divergence I would've gone short on the open of the 1:05 ct bar.

One thing I would say is don't take a trade where the stop is below the high/low of the day. In this case with a stop of 3.25 pts. the worst price I would take is 1278.25. It would've required a limit order.

You would've gotten short on the 2:10 open around 1278.25. The Keltner width the bar before showed the stop would be 3.25 pts. The end of day close was 1277.25, so the risk would've been 3.25 to make 1 pt. (assuming no slippage...lol)

Don't worry Kicking, 30 days from now noone will be trading this and I'll be using it just as I have for the past years. The enthusiasm will evaporate with the first losing trade.

No, I didn't. This method is based on trend exhaustion. Yesterday's move was casued by the Federal reserve decision and not as a result of normal trading. I don't try and trade on Fed days anymore.

Serves no purpose. I'll change it.

Yes, on another screen. It's showing a exit for 2pm ct.

No. I did notice when we punched through yesterday's high the $tick volume hit 3000 and that's usually a sign of exhaustion. But it was immediately followed by a new high.

Now it's clear to me there is a loss of momentum. CCI is heading down and price action is conjested. Now we wait for the last gasp of the up move.

I said it was too early because the price was not showing a loss of momentum. I want to see the CCI pointing down while a new high is being made.

Too early. Divergence isn't clear to me. I don't see any reduction in momentum. This looks more like a breakout to the upside. I'm waiting until the divergence is clear.