I would also try to avoid the Asian session if at all possible. Just not enough liquidity to make for nice trending moves.

Valeo, anybody get a nice Euro session trade this morning? Looked like another nice one with a reentry as well.

I managed to take it on the 03h00 est candle and was scared stiff when it retraced, the rest is history and as you say, with a beautiful re-entry signal 5 candles later. Best of all, the exit was slow and easily taken.

It is the next entry that makes for good trading. Signal was on the 08h00 est candle on my screen, but I did not take it as I don't "see" any volume. Anyone like to comment?

Best wishes to all.

__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.

i am looking at your double cci explain how you use it

Hi Valeo,

You pointing out those entry signal does help.
As we are able to see the nuances of the system.
Please continue to do.

Thanks

I was thinking of starting an xo method chat room. that way we can call trades together. I usually trade from NY open till 12PM est. Let me know what you guys think.

I already discussed it with ValeoFX, he is not up to it cause its just not his style, he prefer to concentrate on the chart and trade quietly instead of giving calls live at chat room.

Just look over chart for a few days (a week if needed). You will notice how it works, its really hard to explain all the nuances of this system. Im still trying to formalize all the rules for it, but it takes much more time on realtime testing. Therefore we must be patience with it. But basicly if you talk about CCI specific, then when its over 250 , means price moved up/down too fast and that is suspense, therefore we wait for retracement before entering position that direction. In slow days you can use lower level as filter (something like 150-200) Just watch it live after some time you will see how it works.

Attached here is a screen-print of my entry this afternoon for the US session.

Please note that the entry was "on" for the following reasons:

1. XO-signal on the 2nd bar.

2. CCI where BOTH the 14 and 34 cuts through the Zero-line (the best!), but at time of entry had already reached the -100-level, which is perfect still.
(Will talk about the different levels further down)

3. XO_A (240M) still RED.

4. Stochastic 15/5/5 (thanks to Harold4X) excellent position.

5. The FX_Freedom had changed in lanes 5M and 15M. (someone asked me the other day whether I would take a trade like this and here is the example that at first you only expect ±20 pips and as the other lanes changes, the trade gets better.

Now the CCI-levels:

Magenta is drawn on 250, BUT it can go to 350 under "extreme" conditions, that is when you want to stay out or get out!

GOLD is on 350, where the CCI-34 USUALLY stops, BUT it can run to 650 under extreme conditions such as announcements.

RED is set @ 450 and usually again, this marks the end of a trade and if you are in a trade and this happens, get out just shortly before the candle closes - Woodie suggests 22sec before the candle closes.

REMEMBER:

WHEN IT "OVERHEATS" LIKE THIS, IT IS ONLY A WARNING AND WHILE RETRACING, THE PRICE MAY CONTINUE TO GO IN THE ORIGINAL DIRECTION!!

THEREFORE, IT IS IMPORTANT TO BE IN THE TRADE BEFORE ALL THIS HAPPENS, OR STAY OUT UNTIL THE TRADE HAS LEVELED OUT.

Please feel free to discuss and ask me questions if this is not clear enough. There are other boffins around here that will gladly assist me / you in understanding / explaining it better.

Wishing you all a well-deserved weekend. Make the most of it. May you all be blessed exceedingly.

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__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.

Hi Valeo!

Thanks for this great example! Its very helpful to see other people's analysis of trades, etc. Greatly appreciated!

2 questions for you:

1) I must ask a little forgiveness on this question, I'm sure it is probably in the back history somewhere, but I can't bear the thought of going back through ALL the posts for the THIRD time to find it! What are the extra indicators on your main chart screen? All the circles, dots and triangles? Looks like an a nice entry signal that is a bit different than what is included in Moneyline's "distribution" of the system. Looks like it has some different indicators for different entry strengths, and it looks like you might be using a different ASCTrend signal as well? Also, what are the little colored dots directly on the candles? I can't figure that out.

If you wouldn't mind giving a quick list of them, I'd be very grateful. Are they downloadable from this forum?

2) On Woodie's suggestion of 22 seconds - do you use a specific bar timer? MT4 doesn't seem to have one built in, unless I'm completely blind. Which of course, is always a distinct possibility!

Thanks again for your great work...

Very best regards,
cubesteak

Hi Valeo,

I noticed there are blue and white arrows on your Hercs Stochastic Indicator and they seem to appear when the blue and white lines cross. I have my Stoch set to 15/5/5 which is the same as yours, I believe. Why am I getting arrows when there doesn't appear to be any crosses? See attached chart.

Sorry for another newbie question, how do you use this indicator in your trading? I thought a Stoch indicator was for indicating over bought and over sold pairs? I also noticed you have levels at 5000, 25000, 48000 and 75000. I tried to put them on my indicator using the levels tab but they don't show up on the Stoch indicator. Two questions, what do the levels mean and how do you get them on your Stoch indicator?

Thanks,

Dave

Attached Images

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Hi Dave my reply is in BLUE inside your questions. Best wishes.

__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.