Trading with woodies CCI Patterns

posted by mayurs on Wed Aug 22, 2012 01:49 am

Thanks Saamuu for your list of patterns and your guidance. Just one query on hfe. I have seen that you use hfe in conjunction with divergence or end of wave count which you expect to initiate a bew trade. On most of the other occasions you have been using hfe only to close the long/short positions. Correct me if I am wrong. Also, as suggested by you I will concentrate on zlr and the other patterns..........Mayur

posted by saamuu on Wed Aug 22, 2012 02:19 am

exactly mayur ur right..and the major credit goes to nm ..he insisted me to work on divergence on wave completions...he taught on macd..i have implimenting on woodies cci..

posted by saamuu on Wed Aug 22, 2012 05:45 am

discussed this too.. i prefer ghost/zlr/tlb/hfe patterns are most reliable..some trade gives super moves. if u practised shammu then normal viewing of ZLR setup will vanish from u mind...acually zlr gives super moves

posted by sumitenno on Wed Aug 22, 2012 09:49 am


posted by mayurs on Fri Aug 24, 2012 06:45 am

Hi Saamuu, Gost pattern on the daily chart for Nifty? Does this means more weakness in offing in the next few days/weeks? Correct me if I am wrong. What do your wave count say? Mayur

posted by saamuu on Fri Aug 24, 2012 12:31 pm

patterns work on any time frame.wave counts posted in elliot wave thread.

posted by mayurs on Wed Aug 29, 2012 03:27 am

Saamuuji, Can I scan for ZLR on 15 mins, 30 mins and hourly time frame for select high volume stocks in Amibroker? I am new to Amibroker and do not how to do this. Mayur

posted by mayurs on Thu Aug 30, 2012 05:33 am

Thank you for sending the Woodie CCI chart. I had sent you the Metastock chart as I do not know to write scans in Amibroker while have the experiene of writing all types of scans and experts in Metastock as I have been using this program for more than 15 years. Also, I have wirtten for only a zlr scan as I am more comfortable taking trades in the direction of the trends. As we look for mechanical solutions, I will be trades which we may not take after taking a look at the charts. But when we see choppy trades as we saw between 17th. and 23rd. I would like to avoid. I have not written the program for the ghost or any other patterns. As suggested by you, the zlr is a pattern which has the least bad trades and what I would want is to scan for zlr trades in the high volumes 50 stocks instead of looking out for them manually. Once we get the signals, we look at the charts and look for the best trades and concentrate on the trades. Also, most of the times, I am seeing swing trades in stocks which are more profitable and have a persistant trend and would love to trade them. Hence I wanted your suggestions as regards to avoiding choppy trades which I have shown on the charts. I will try ADX, but as you have an excellent knowledge on CCI, I wanted your inputs. I hope you have got the point, Mayur

posted by mayurs on Thu Aug 30, 2012 05:56 am

Hello Saamuuji, Moreover, the signals between the 16th. and the 23rd. did not end in a loss, but they hardly gave anything as SBI was trading sideways in this period. This is what I want to avoid when I scan for high volume stocks + indices so that we get into the best of stocks. Mayur

posted by saamuu on Thu Aug 30, 2012 07:37 am

mayur sir..i got ur point in last post itself. in sideways market in the name implies none technicals works even 60%,only cci manages the trade that wont be bad..this i am not saying woodies itself says this.. in my practise in the indicator..we cant do with the help of other indicators u can stay in the trend until its gives breakout... stoch or adx remains same place for more than 2 days..once came out of bo then only its direction..hope u got my point this time

posted by mayurs on Thu Aug 30, 2012 09:23 am

Hi Saamuu, As indicated to you, I have been trying to program for a CCI scan in Metastock. I am attaching the first result of the Expert which I have written in Metastock. As marked on the chart (SBI futures) when there is a trend, the signals are excellent, but while taking a signal in a sidways mode between 16th. and 22nd. Aug, we get bad results. I was thinking of using the ADX indicator to avoid these signals. Your suggestiong in this reagrds will be helpful. I do not have the Woodie CCI indicator in Metastocks and I Googled, but could not find one. I have plotted the 50 CCI and the 14 CCI as suggested by Dr. Bob. Would like your comments so that I can imporve the Expert. Mayur



posted by saamuu on Thu Aug 30, 2012 12:59 pm

sbin trades on cci.. for mayur sir



posted by mayurs on Fri Aug 31, 2012 02:01 am

Thanks Saamuuji for your views......Mayur

posted by mayurs on Sat Sep 01, 2012 01:07 am

Saamuuji, Thanks for your Useful Inputs. As regards the Swing trading system, I was meaning Intra day swing trades on 15 mins or 30 mins. charts. Ofcourse, we can also look for these trades on higher time frame. One of the main aim of writing the scan was to search for scans of a bunch of stocks and indices and than look for the best trades within these and take the trades during the day. I will incorporate your suggestions and will soon post some new charts. Please keep on briefing me with your esteem inputs, Mayur

posted by mayurs on Sat Sep 01, 2012 01:11 am

One more task which I want to incorporate in my scans is to look for all the inital conditions before we get actual Buy or Sell trigger. I would like to get a bunch of socks JUST BEFORE we get the Buy and Sell Trigger. This will give me enough time to look at the sectors and the chart formations before we take the trades. Mayur

posted by saamuu on Sat Sep 01, 2012 03:11 am

in amibroker that afl tells all in scann mayurji.we get all stocks and which pattern forming curently in all need to built new things which is already present in that,zlr,hfe,ghost,vegas,famir,

posted by mayurs on Sat Sep 01, 2012 03:45 am

But Saamuubhai...I do not the scanning process in Amibroker and hence I went back to Metastock which I have been using since so many years. If you could guide me as regards to the scanns in Amibroker, it be of great help to me...... Mayur

posted by saamuu on Sat Sep 01, 2012 05:39 am

thats not an big deal mayurji..u having metastock live datas na...then u no need to subscribe for any new one.. just install amibroker ..create database and make the database settings to metastock plugin then create intraday database, then go to file and click database settings that u will see configure ,press it and browse and select the fmaster file where metastock datas are present and then tick box the desired folder and press ok..then now open the afl present here and u can do explore with diferent time frames and u will get all results... u can scann and see in ami and do analyse in metastock

posted by mayurs on Sat Sep 01, 2012 09:14 am

Hi Saamuuji, I have started getting ZLR signals for as programmed in Metatsock. I took two intra day trades and the and the enrty points are as per the charts attached. I still have to look at the exit trades so that I can make these trades more mechanical. Your inputs as regards to the exits will be very helpful. I am getting many triggers throughout the day and took two trades as the ZLR was accoumapnied by TLB on the charts. Mayur

posted by dilshan on Sat Sep 01, 2012 12:07 pm

mayur sir. 50 cci is lil bit lagging but tells the trend.. use that in simple way means trend means trend is down attaching chart on bnf for ur exit and entry querrys


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