Trading with woodies CCI Patterns

posted by mayurs on Sat Sep 01, 2012 12:42 pm

Thanks Dilshan for your views, The 50 CCI as suggested by Dr Bob, is only to identify trends. A zero line break of the 50 CCI is also a "5034" trigger for Buy and Sell. The Arrows which I have plotted are only for ZLR. We can add multiple triggers. While scanning high volumes stocks for just the ZLR, I get scores of stocks and they are quite sufficient to keep be totally tied up during the day. Moreoever these triggers are swing triggers and their stops are very near. In case of the Zero line break, the stops in many cases could be far and hence I would prefer swing trades to breakout/breakdowns (My taste of trades). Hence I selected the ZLR as an expert and a scan. The divergence exit which you have show is very good, but as there are many types of exit, it may be difficult to program the same. My aim is to make a complete swing trading system and the only discrete feature which I would like to keep is selection of stocks after scanning for triggers. This would ofcourse depend on individual chart formation and the relative strength of the sector. This feature would be difficult to add in a scan. Thanks for your inputs, Mayur

posted by saamuu on Sat Sep 01, 2012 12:54 pm

for system we cant take cci alone , cci is ment for intraday trades/scalping and trend identifications. like we do with macd, some moving average cross over along with the below criteria buy condition: cci(50) have to blue(optional if u trade with hourly chart) cci(20) >-180 cross from -200 or cci(20)>100 and tcci abv 0 line. sell condition: cci(50) have to red(optional if u trade with hourly chart) cci(20)<180 cross below 200 or cci(20)<-100 and tcci below 0 line

posted by mayurs on Sun Sep 02, 2012 04:50 am

Saamuuji, You did not understand my query. I have4 Amibroker and have been importing the Metastock data. But I have just started using Amibroker since I joined this group and am unaware of the scanning process in Amibroker. How do I use Amibroker to scan for Woodies patterns? Mayur

posted by saamuu on Sun Sep 02, 2012 09:08 am

analysis tab..and then auto box will open in that pick the formulaa which u want to scan,...then select the date and then press exploration button...

posted by mayurs on Sun Sep 02, 2012 09:28 am

Thanks Saamuuji for the details.......Mayur

posted by sanjay on Mon Sep 03, 2012 03:06 am

Todays trade.... shifting my cci trades to this thread...



posted by saamuu on Mon Sep 03, 2012 05:31 am

last night windstorm at our was also not there, thanks my absence u taking care of cci trades. today sell was perfect by u sanjay..hidden divergence and top and 2 zlr trades..and nice idea of carrying shorts with 0 line as stop,thanks man for the update

posted by sanjay on Mon Sep 03, 2012 07:07 am

My pleasure Saamuu Bhai...

posted by mayurs on Mon Sep 03, 2012 12:09 pm

Saamuuji, one more query.....In Amibroker, how do we add Woodie formula in the Auto Analysis box? This may be very simple, but as I very very new to Amibroker, I am not aware.....Mayur

posted by saamuu on Tue Sep 04, 2012 01:48 am

sanjay today posted chart in other thread , mayur sir that inverse ghost picked by u is good, and sir if follow along with cci ,u wont get loss .in occurance it would be small thats for sure..and gain would be good on trailing.. sometimes on trading above +200 until it crosses back below +200 oh holding position ,in the process nifty will move 20+ pts..this happens in 3rd wave and c wave

posted by sanjay on Tue Sep 04, 2012 02:35 am

Thanks Saamuu Bhai for the charts.. As u can see my charts r not giving proper readings its becoming difficult to figure out trades to the exact lvls. Thats why I exited all trades with minimum loss... Trying to corect the charts on my side...maybe its problem of data feeder

posted by sanjay on Tue Sep 04, 2012 02:36 am

Mayur Bhai thanks for intimating the ghost formation ... I couldnt follow ur instruction due to fault in my chart... But thanks for timely update :)

posted by mayurs on Tue Sep 04, 2012 02:43 am

Thanks Saamuuji, I have been reading many articles on CCI and the more practical leassons I am learning from you on this thread. It is nice to see good people like you who want others to learn and are going all out to solve our queries....... Mayur

posted by mayurs on Tue Sep 04, 2012 02:46 am

Sanjayji, We are all learner here and are bound to make mistakes as we move forward. This is a process and with people like Saamuuji we will soon have a nice batting average..... Mayur

posted by sanjay on Tue Sep 04, 2012 03:09 am

Mayur bhai ...with a coach like Saamuu Bhai our team will Rock!!

posted by saamuu on Tue Sep 04, 2012 03:27 am

as mentioned by mayur sir..practical lesson very well conducting by sanjay... ur doing great job sanjay no doubt on it

posted by sanjay on Tue Sep 04, 2012 04:59 am

Saamuu bhai , me still a student and that also at primary stage so no scene of conducting lessons... Its just like I am submitting my projects for corrections if any... and in the process its nice feeling if my projects helping others :)

posted by sanjay on Tue Sep 04, 2012 07:10 am

trade update...



posted by sanjay on Tue Sep 04, 2012 07:46 am

Update again



posted by mayurs on Tue Sep 04, 2012 07:49 am

Sanjay, What was the pattern which prompted you to go long ar 5246? A Vegas Pattern is still not complete......Mayur