3674 replies to this topic

[warnerbroers]

long 44930

[Qbre77]

went long 44904

[delta66]

love green candle around 9:05am

[Bev]

I also saw this, but would it play a significant role when you trade a share when the 204sma is in a downward trend?  Surely one can go long.  Take VOD for instance, on the 2 March the 3day sma crossed the 10 day sma and the cci was above the 0 line.  If one traded VOD keeping an eye on the cci's 0 line, you would of been in the money by 18 points.  

[delta66]

vicious action on open!

[HDB]

target - limit order set to sell 44950(50p)

ull get at least 100

[delta66]

long 44900

target - limit order set to sell 44950(50p)

[Ponkie]

Long 44930

[delta66]

long 44900

[InSitu]

I'm a geologist not an economist but what is clear for me if the 34 ma is below the 204 ma majority of the trades will be short and vice versa

[AJS]

 

HDB,  Yes, I'm aware that one won't get a 34sma cross at the same time a cross on the 0 line,

Why not...It is possible...

 

 

but what I wanted to point out was that if one entered a trade only when the candle goes above the 34sma, then you would miss out on some green candles that took place prior to the 34sma cross. 

You could lose money on the trade. For a share that is below the 34ema, price could come back to test 34ema, find resistence there and falls again. What i call a perfect pullback to short more.Although zero line corss may occur, both must happen for it to be a reversal trade from short to long....and then too again i ask....Look at my charts. It clearly shows what we looking for to enter a trade with confidence...The Spur chart also has it!!

 

 

 

 

In this case a cross of the 0 cci line would be a safe enough entry -  I think.

 

I studied all the shares that you posted but could not see that common factor.  Would love to know what it is. 

Study them again including Spur.. Im not telling!!  

 

 

Pretty self explanatory in the charts, but 34 MA acts as support almost always and when broken normally quite easily becomes resistance...

[Mhlato]

However if you look at a question i asked twice of the charts i posted it will really give u a very big clue. To date only one person tried to answer...Seems like no one else is interested and wants to be spoon fed...Come on..corporate and u guys will learn. I am not going to give any more clues until and unless i see some feedback from more people. Remember i just started this CCI thingie a month ago for the alsi and only  2 days ago for cfds. So im also in process of learning and i need input from guys please!! I cannot just do all the homework as its taking up too much of my time and im missing out on my trades!!

 

I will have a try...

 

• CFR and NPN.....CCI crossed above 0, and close is above a rising 34ema

• CML....CCI crosses below 0, and close is below a falling 34ema

• KIO....cannot cross the falling 34ema bump twice against it, same with CCI

[Aragorn]

Here's what my backtest system (which I'm still trying to figure out) reflected for KIO over the last 6 months. I took the liberty of adding a "Take Profit indicator" as well (system derived). Where you see a Long followed by a Short (i.e. no seperate "Exit" signal) it means Exit and go in the opposite direction. You will note that there's quite a few trades that need to be filtered out, but they did signal ito the requirements (so far). I need to figure it out to avoid the whipsaw events that can be seen here. I can't yet identify the "common thread" that HDB is not yet sharing, but I hope I'll get there eventually. Perhaps that is what will solve this.

 

Date       Action  Price  % P/L  Trigger

2013/12/17 Long  423.00     -   ConditionBuy

2014/01/02 Exit  444.15    5.00 ProfitTarget

2014/01/10 Short  415.87     -   ConditionSell

2014/01/15 Long  433.22   -4.17 ConditionBuy

2014/01/17 Exit  454.88    2.45 ProfitTarget

2014/02/04 Short  435.35     -   ConditionSell

2014/02/05 Long  444.40   -2.08 ConditionBuy

2014/02/11 Exit  466.62    2.50 ProfitTarget

2014/02/13 Short  440.50     -   ConditionSell

2014/02/14 Long  454.63   -3.21 ConditionBuy

2014/02/25 Short  447.00   -0.82 ConditionSell

2014/03/10 Exit  401.00    5.27 ProfitTarget

2014/04/07 Short  378.70     -   ConditionSell

2014/04/09 Long  399.00   -5.36 ConditionBuy

2014/04/22 Short  374.37   -3.03 ConditionSell

2014/05/20 Exit  355.65    2.55 ProfitTarget        

 

 KIO HDB CCI.JPG   50.58KB   10 downloads

 

Just one thing to bear in mind is that as this is CFD's based on EOD prices, your entry activity will only occur the next day, and you may not get the price of the previous close.

Edited by Aragorn, 26 May 2014 - 11:04 PM.

[jhwolmarans]

JH, Mhlato did a quick scan for me this afternoon to filter the requirements and this was one of the 3 that his filter picked up.

 

According to the system it is a long...but once again my previous question as to guys to look in the charts i posted, spur has it here too...Look closely and then you can decide if its a long or not. Its so glaring. 

MACD maybe?

[Mhlato]

HDB, the following shares are trading within 1% above/below the 34ema:

 

•ACP     •BIL     •BLU     •CLS     •DTC     •ELI      •EOH     •FBR     •FPT     •GRF     •GRT     •HDC

•IVT     •JDG     •MFL     •MST     •OML     •PET     •SHP     •SPG     •SUR     •TAS     •TRE     •VOD    •WBO

 

Also our "DARLING".... the J210 

 

 

 

 

 

 

[HDB]

HDB,  Yes, I'm aware that one won't get a 34sma cross at the same time a cross on the 0 line,

Why not...It is possible...

 

 

but what I wanted to point out was that if one entered a trade only when the candle goes above the 34sma, then you would miss out on some green candles that took place prior to the 34sma cross. 

You could lose money on the trade. For a share that is below the 34ema, price could come back to test 34ema, find resistence there and falls again. What i call a perfect pullback to short more.Although zero line corss may occur, both must happen for it to be a reversal trade from short to long....and then too again i ask....Look at my charts. It clearly shows what we looking for to enter a trade with confidence...The Spur chart also has it!!

 

 

 

 

In this case a cross of the 0 cci line would be a safe enough entry -  I think.

 

I studied all the shares that you posted but could not see that common factor.  Would love to know what it is. 

Study them again including Spur.. Im not telling!!  

[HDB]

Will spur be a long?

JH, Mhlato did a quick scan for me this afternoon to filter the requirements and this was one of the 3 that his filter picked up.

 

According to the system it is a long...but once again my previous question as to guys to look in the charts i posted, spur has it here too...Look closely and then you can decide if its a long or not. Its so glaring. 

[Bev]

HDB,  Yes, I'm aware that one won't get a 34sma cross at the same time a cross on the 0 line, but what I wanted to point out was that if one entered a trade only when the candle goes above the 34sma, then you would miss out on some green candles that took place prior to the 34sma cross.  In this case a cross of the 0 cci line would be a safe enough entry -  I think.

 

I studied all the shares that you posted but could not see that common factor.  Would love to know what it is. 

[HDB]

HDB - Checking some backtests and have a question - What if CCI crosses below 0 but close is above 34 SMA (day = t+0), then next day (t+1), CCI is still below 0 (and falling) and close is below 34 SMA, will this still be an entry signal for Short? Likewise, the opposite for Long?

Reason for asking is when you have gone long, but the trade does not pan out, you would exit the trade on the t+1 event, but would you go Short at the same time?

u learning quick buddy..what u saying is right...it could be a pullback for another short...However you have to watch the slope of 204ema...if thats sloping down then you can comfortably short it...meaning cci from negative has come to 0 to test...candlebar could have sliced through 34ema but whole candle not closed above it..wait for cci to turn down from zero and next day candle bar to fall below 34ema..

 

 

However if you look at a question i asked twice of the charts i posted it will really give u a very big clue. To date only one person tried to answer...Seems like no one else is interested and wants to be spoon fed...Come on..corporate and u guys will learn. I am not going to give any more clues until and unless i see some feedback from more people. Remember i just started this CCI thingie a month ago for the alsi and only  2 days ago for cfds. So im also in process of learning and i need input from guys please!! I cannot just do all the homework as its taking up too much of my time and im missing out on my trades!!

[jhwolmarans]

Will spur be a long?

Attached Files

•  sur.jpg   110.81KB   15 downloads

Edited by jhwolmarans, 26 May 2014 - 08:59 PM.