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Well, i can say that this year has been goo and i hope 2013 be great!, regarding to trading, i have my plans running and i expect to be full time trading in around one year, i really hope to achieve this but in the mean time i will keep trading by my rules and my strategy..
i finished this day with +18 ticks.
enough for my strategy.
Best Regards.
JD-
Can you help answer these questions from other members on NexusFi?
Well, since iīm not trading anymore, i closed my trading for the month so i have some time to prepare my self for next year of trading, i decided to explore the use of WoodiesCCI strategy and of course the indicator, i have been trading this year mostly using breakout patterns in combination with Round Numbers and also retracement and pullbacks also in combination with Round Numbers, but i needed more accuracy for my trading, some time ago i went to have some contact with this WoodiesCCI indicator at the time i didn't have the time to really focus and study it, but now i do and is quite easy to use let me tell you it requires a huge amount of DISCIPLINE!!! but it is something i also need for this coming year, so i wanted to share my experience and let me tell you that i was looking for accuracy and I FIND IT!!!,
The indicator is composed of 3 indicators,
1. The CCI,
2. THe Sidewinder Indicator
3. The ChopZone Indicator
This three work almost every pattern around the ZERO LINE.
i just use one strategy called "ZLR: ZERO LINE REJECT" and i have combined this with my regular trading strategy, that uses Round Numbers, Divergence and Momentum, so iīm trying this Hybrid on paper trading, since i know my strategy quite well iīm just fine tuning it to be able to trade more accurately.
My Rules now are:
For
LONG:
Sidewinder Indicator: Green
ChopZone Indicator: Green or Cyan
CCI line retrace close to the Zero Line and be rejected Towards the initial trend (LONG)
EMAīs lines supporting up trend.
SHORT:
Sidewinder Indicator: Green
ChopZone Indicator: Red
CCI line retrace close to the Zero Line and be rejected Towards the initial trend (SHORT)
EMAīs lines supporting down trend.
JD thanks for sharing your methodology and taking the time to post in the thread. I am enjoying it, re-reading it and learning. Wish you the best for the coming year.
Chris.
Thanks, it is good to know that helps someone at least, and yes the strategy works on EUR or any Currency futures also the BRNīs are valid also, this could be used in conjunction with other indicator such as pivots if you find confluence it is a strong indication that a trade could be at the gate, regarding the template i have attached it for you.
regarding the footprint, what will best help you is learning to read price action and reaction, the market moves in waves if you get to read this price movement you will have an edge over the market, later i will post my New Year gift about fib calculations and price action.
all i really hope you all have had a great 2012 year ending and really wish you all a great and blessed 2013 full of ticks and pips but more importantly health!!...
i will officially start my trading year tomorrow trading the news. i will be posting them as always,...
Market Trading in a tight range at this moment, iīm expecting a breakout here, possibly with the FOMC meeting, but we will see...we just need a catalyst.