Trading with woodies CCI Patterns

posted by mayurs on Tue Sep 04, 2012 07:50 am

We also have a possibility of an Inverted Ghost Pattern in Nifty. But still a possibility.....Mayur

posted by mayurs on Tue Sep 04, 2012 08:23 am

Saamuuji, A total loss of momentum in the past two trading sessions. Under these conditions, a breakout trade will work better. Would like your comments. Mayur

posted by sanjay on Tue Sep 04, 2012 08:30 am

Mayur Bhai long solely on diversion botth on cci and macd... its just an intraday view..and as soon as Zlr formed exited trade....

posted by sanjay on Tue Sep 04, 2012 08:48 am

exited short @ cost as its going nowhere... will wait for some stronger confirmation

posted by sanjay on Wed Sep 05, 2012 04:47 am

Todays trade: sold @ zeroline cross @ 5250 and covered full @ cci-200 @5217 Todays points: 5250-5217=33



posted by mayurs on Wed Sep 05, 2012 05:55 am

Power Grid has exhibited a bullish TLB and ZLR....Mayur

posted by saamuu on Wed Sep 05, 2012 08:16 am




posted by saamuu on Wed Sep 05, 2012 10:44 am

hdil divegence trading


hdil sell.png

posted by sanjay on Thu Sep 06, 2012 03:30 am

Todays total three trades pts tally +47 :)



posted by saamuu on Thu Sep 06, 2012 03:43 am

awsome trades sanjay...and the last cover on zlr expection is too good..this is wat my mind play also with woodies.. 47pts is good one yaar... guys wat else we need..following one single indicator making money..and it have proven also..thanks to mr .woodies.. think combining some other indicator with cci would make an powerfull path finder .. thanks a lot sanjay for the update on my absense.. really lovely trade man..i am glad atleast some fellow grabed the tool effectively.

posted by saamuu on Thu Sep 06, 2012 03:45 am

i have also shorted on top on 2 things..hfe and double code divergence abv +200 cci..sanjay have done exactly on break of +200, steady down till 0 line, and morning long was famir trade along with tlb

posted by sanjay on Thu Sep 06, 2012 04:38 am

Saamuu Bhai...there r some personal observation i want to share: 1.stoploss kept to formation of 2nd bar /1st bar reading above 50 on the cci crossover of zeroline reduces risk to a great extent. 2.Even hourly tf gives a good result with avg 30pts daily (I have studied last two mnths charts only),if u strictly adhere to the rules of woodies. 3.never to bother about the stoplosses hit just exit and take the trade at next immediate signal. 4.stoploss hit can happen continous two to three times but never to worry,take trades religiously entry taken at the last min of the tf gives the best results. 6.But the main problem is you have to be verymuch observant on lower time frames. Saamuu pls share ur thoughts for this observations....

posted by saamuu on Thu Sep 06, 2012 05:42 am

yes u can make 50 cci cross over itself as stop..but the disadvantage is that sometimes it reverse back down have to take the trade again.. on consistance we have to take 0 line cross to see real bull is taking charge or not. another way of stop is seeing on 5mins if that became bull then have to come out .. remember we have been trading with 30 mins cci..but now we have reduced to 15 mins..that too itself too much short span for me.. so intraday we can see 15 mins entry and trend continuation at 30 mins and so on.. one more way is also there puting stop on the recent swing and runn the position..this process is combining ew we can say..

posted by rrgnaidu on Thu Sep 06, 2012 05:53 am

Saamuu ji I am plotting Nifty daily time period charts(EOD) and following CCI patterns from last 15 days. Kindly clarify whether CCI patterns of daily charts provide better results? or We have to follow hourly, 30 mins, 15 mins charts only.

posted by saamuu on Thu Sep 06, 2012 08:16 am

great trades sanjay..yesterday i traded with u.thanks for the update

posted by saamuu on Thu Sep 06, 2012 08:22 am

hdil completed -200 .entry 70.80 ,cci 0 line cross and -200 hit 68.90 booked the trade idfc stop of 40 paisa trigered for divergence trade and real breakout not happened in both cci and also in price

posted by saamuu on Thu Sep 06, 2012 09:20 am

cci provides result on all time frame dear naidu.. mainly used for intraday using 20/9 parameters and i use cci 14/6 parameters for daily... the indicators mainly works on price wherever price action there .we can impliment this cci as queen and price action as king.both have loves

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

Live trade update...



posted by mayurs on Fri Sep 07, 2012 07:10 am

Sanjay, 50% retracement and the 20 DMA, both fall at 5,332. This is a good stop, but should you not keep this a little higher above these levels....Mayur

posted by mayurs on Fri Sep 07, 2012 07:14 am

Sanjay, On the daily chart of nifty the CCI is at the zero line and we could also see a zlr on this chart if 5332 acts as a strong resistance.......Mayur