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  #251 (permalink)  
Old 07-23-2007, 03:54 PM
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radatats: you have pointed some trades at the 1st bar of 4hCCI indicator, that indicator is useless to point reversals on a 5m chart because it only turns much later repainting all the last bars

it could be used only to trade with the trend
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  #252 (permalink)  
Old 07-23-2007, 04:04 PM
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Quote:
Originally Posted by camisa View Post
radatats: you have pointed some trades at the 1st bar of 4hCCI indicator, that indicator is useless to point reversals on a 5m chart because it only turns much later repainting all the last bars

it could be used only to trade with the trend


Why can't you just use it to determine the longer term trend, if trading the 5m? That is what he might be doing and we should not assume otherwise until we know his rules. Thanks!
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  #253 (permalink)  
Old 07-23-2007, 04:16 PM
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Quote:
Originally Posted by cmartin371 View Post
Why can't you just use it to determine the longer term trend, if trading the 5m? That is what he might be doing and we should not assume otherwise until we know his rules. Thanks!
that's what I said, it only serves to trade WITH the trend

but he has some trades where he enters the trade based on the exact bar where 4hCCI changes coulour and that is impossible in live trading, only in backtest after 4HCCI has closed in the 4H candle. A 4H candle takes 48 5 minutes candles to close...
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Old 07-23-2007, 04:16 PM
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My first and last trade for a slow Monday...Almost perfect setup. See you at the Asian open. I got in at the smaller white candle and then boom it exploded to +1 mm
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Old 07-23-2007, 04:21 PM
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Why focus on the 4hour trend if you are trading a 5min chart. I could give a hoot about the 4 hour when scalping

Quote:
Originally Posted by camisa View Post
that's what I said, it only serves to trade WITH the trend

but he has some trades where he enters the trade based on the exact bar where 4hCCI changes coulour and that is impossible in live trading, only in backtest after 4HCCI has closed in the 4H candle. A 4H candle takes 48 5 minutes candles to close...
Last edited by summitfx; 07-23-2007 at 04:29 PM.
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Old 07-23-2007, 04:27 PM
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Radatats,

Thanks for your input to this method. Thanks also to Summit for his continuing contributions to keeping this thread going.

To think........this method got it's start back with the beginning of the Steinitz thread!........kinda ironic when you think about it!
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Old 07-23-2007, 04:27 PM
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Why focus on the 4hour trend if you are trading a 5min chart. I could give a ratsass about the 4 hour when scalping
AGAIN, that's what I was saying!
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Old 07-23-2007, 04:39 PM
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Ladies & Gents, Work it, work it ,work it.... Come on, read the posts and have some patience....
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Old 07-23-2007, 04:49 PM
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I have NEVER asked anyone to pay attention to the 4hr CCI have I????

My tools are mine and I will share them as I see fit. If you have better, why are you looking here?

This is a fast moving system and this is my first week testing it.

Oooh F**ckinf Rah, this sytem rocks....
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Old 07-23-2007, 05:01 PM
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Godbless you SummitFX, that was an awesome trade and you deserve every bit of it... Give me a while to get my bearings and I will be alll over this on every setup I can find....
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