ES Reversal Method

Triple X · Mar 31, 2006

Quote from easyrider:

So, we'll probably get a bounce.

Lol, how true.

slingtrader · Mar 31, 2006

Great thread! Does anyone know how i can create a CCI Average from a CCI indicator?

I currently have the CCI indicator but i don't the CCI Average. Any thoughts?

jerryz · Mar 31, 2006

Quote from no_pm_please:

6. ...or a buy/sell trigger crossed while in buy/sell zone without new highs/lows being present.

can you please explain in more detail what this means? thanks.

floortradr542 · Mar 31, 2006

Are you more partial to market or limit orders?

no_pm_please · Mar 31, 2006

Quote from jerryz:

can you please explain in more detail what this means? thanks.

Lets say I dream for a second and the market rallies to 1309. It wouldn't be a new high but it might be enough to push the 30 min CCI into the sell zone (cross above the CCI average). In that case, if the market starts to drop and the 5 min. CCI were to cross the 5 min. CCI average then I'd use that for a exit of the long position.

There wouldn't be a short initiated because of the lack of a new high, but it would be enough to exit the position.

Hope that helps. It'll be more clear when one of these trades happens.

no_pm_please · Mar 31, 2006

Quote from floortradr542:

Are you more partial to market or limit orders?

I use a combination of market orders for entry and stop orders to exit losing positions. Both have gotten a heavy workout today (lol). Exits with profits are done with market orders.

no_pm_please · Mar 31, 2006

Quote from slingtrader:

Great thread! Does anyone know how i can create a CCI Average from a CCI indicator?

I currently have the CCI indicator but i don't the CCI Average. Any thoughts?

Use the 20 period CCI for the CCI line. The second line is the average which is just a 10 period simple moving average of the 20 period CCI.

slingtrader · Mar 31, 2006

Quote from no_pm_please:

Use the 20 period CCI for the CCI line. The second line is the average which is just a 10 period simple moving average of the 20 period CCI.

I see, so i'll need to make a 10 pd. moving average of the CCI. Thanks!

no_pm_please · Mar 31, 2006

Exit long at 1307.25

jerryz · Mar 31, 2006

according to the chart on your first post, we're in the sell zone if the 30 min CCI is > 30 min CCI avg.

so when the 5 min CCI crosses over the 5 min CCI avg (above the average), why is this a buy signal?