Registered User
Joined: 3/21/2006
Posts: 4,308
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It has been some time since last I introduced a new trading system. I was turned onto this gem through a good friend of mine that is known within the trading community "Wall Street Edge". I know that a few here know who he is.
This system requires only one indicator. "CCI 20" and it works like this. For Telechart purposes you simply sort your watch list or easy scan by the actual value of this indicator and then press the home key. You are looking for values over 100 where the indicator has not yet finished its peak and is pointing North. Second you need to look for the most recent peak that too was over 100 (Value). Now the current value must actually be higher than the previous 100+ value and rising. The condition is better if the current peak is in close proximity to the crossing of the recent highs value. In other words if the recent peak had a value of 105 than the closer to 106 that this current peak is than you are more likely to catch the rally in the early stages.
Here is a list of candidates that I am currently watching. Try to back test this system and you will see that it has an above average rate of success.
Good luck.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I forgot to mention that with the Feds new plan to de-value the dollar and ignite inflation then the Commodities such as metals and oil stocks should benefit greatly in the short term. You will notice this within the above list. Davidjohnhall if you are still into back-testing than I would love your opinion on this system along with all others that have an interest.
Wall Street Edge has suggested that this system is known to professional traders.
I am glad that there will be peace on the forums going foward and I look to the future of fresh technical ideas and working with new traders.
Thanks..
Apsll.
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Registered User
Joined: 6/6/2005
Posts: 1,157
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Thanks for the tip, Apsll and thanks to Mr. Edge for info.
I am ceretainly still into backtesting and as soon as can determine how to qualify that prior CCI peak then I will do it. Does this method work on all time frames or just the daily time frame? Could be a good breakout qualifier as well. Keep us posted as to the live trading results and any kinks that you find.
David John Hall
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Hi David, Yes it does appear to work on all time frames. Intraday I like it best on the 15 minute chart. Bellow is an example of when it worked very well on one of my favorite stocks APOL
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Registered User
Joined: 6/6/2005
Posts: 1,157
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Nice move there Apsll. Is there an exit criteria I should be aware of? Like a target or reversal of the indicator?
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I will have to ask him about exit strategy. I just manage the trade using price action once I enter the stock. In the case of SRS you can see that price is currently bouncing off previous support at $67.00 So I hold until price breaks down bellow support. Right now I would suggest that this is an entry strategy.
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 Gold Customer
Joined: 10/20/2007
Posts: 27
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Not to be extremely stupid what is the formula for the CCI 20. I'm not that knowledgeable about using telechart and making a PCF Thank you for all your assistance Mccl
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Mccl, Here is the formula for the CCI 20 -
(H+L+C-AVGH20-AVGL20-AVGC20)*4000/3/ (ABS(H+L+C-AVGH20-AVGL20-AVGC20)+ABS(H1+L1+C1-AVGH20-AVGL20-AVGC20) +ABS(H2+L2+C2-AVGH20-AVGL20-AVGC20)+ABS(H3+L3+C3-AVGH20-AVGL20-AVGC20) +ABS(H4+L4+C4-AVGH20-AVGL20-AVGC20)+ABS(H5+L5+C5-AVGH20-AVGL20-AVGC20) +ABS(H6+L6+C6-AVGH20-AVGL20-AVGC20)+ABS(H7+L7+C7-AVGH20-AVGL20-AVGC20) +ABS(H8+L8+C8-AVGH20-AVGL20-AVGC20)+ABS(H9+L9+C9-AVGH20-AVGL20-AVGC20) +ABS(H10+L10+C10-AVGH20-AVGL20-AVGC20)+ABS(H11+L11+C11-AVGH20-AVGL20-AVGC20) +ABS(H12+L12+C12-AVGH20-AVGL20-AVGC20)+ABS(H13+L13+C13-AVGH20-AVGL20-AVGC20) +ABS(H14+L14+C14-AVGH20-AVGL20-AVGC20)+ABS(H15+L15+C15-AVGH20-AVGL20-AVGC20) +ABS(H16+L16+C16-AVGH20-AVGL20-AVGC20)+ABS(H17+L17+C17-AVGH20-AVGL20-AVGC20) +ABS(H18+L18+C18-AVGH20-AVGL20-AVGC20)+ABS(H19+L19+C19-AVGH20-AVGL20-AVGC20)+.00001)
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Gold Customer
Joined: 10/20/2007
Posts: 27
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thank you vm Mccl
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Gold Customer
Joined: 10/20/2007
Posts: 27
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I must be doing something wrong because I get a syntax error.
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Registered User
Joined: 6/15/2008
Posts: 1,356
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there has seem to be quite an extensive thread on this subject:
CCI INDICATOR
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Gold Customer
Joined: 10/20/2007
Posts: 27
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Thank you very much. Mission accomplished, it wasn't that difficult but I 'm not that knowledgeable with telechart. Mccl
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Registered User
Joined: 2/21/2007
Posts: 797
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cmon apsll: get a better moniker , this one is worse than your previous one. Try something normal. If you don't, I'll tell B.B.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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John, I have to color coordinate with the silver. I will keep looking. I was hoping that it would scare my critics away.. 
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Registered User
Joined: 2/21/2007
Posts: 797
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But then, would there be anyone left to post?
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Registered User
Joined: 2/21/2007
Posts: 797
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awesome response!!
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Gold Customer
Joined: 11/11/2006
Posts: 359
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Ain't that a picture of my mother-in-law.......?
Mammon
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Registered User
Joined: 7/18/2005
Posts: 156
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Is this the same CCI that's available in Stockfinder Indicators?
pfranka
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Registered User
Joined: 3/21/2009
Posts: 8
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Newbie, like your BRY chart display and tips, will print it and study.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Yes Pfranka, CCI is the same canned indicator avalable in Stock Finder.
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Registered User
Joined: 7/18/2005
Posts: 156
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Thanks Apsll.
pfranka
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Registered User
Joined: 12/18/2008
Posts: 150
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booo lol
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Registered User
Joined: 10/7/2004
Posts: 2,181
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By the way, stockcharts dot com has some very nice picks under their scans for CCI buy signals. The current group is pretty good looking.
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Registered User
Joined: 1/30/2009
Posts: 267
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I would really like to look into this further and run my own watchlist. Can someone help me out and let me know how to scan for watchlists using this method? I really would appreciate it.
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Registered User
Joined: 1/30/2009
Posts: 267
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Sorry, I should have clarified that I am using stockfinder.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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WSE, This is your system and all you can say is Booo? Glad to have you aboard. Just let me know if I have it wrong. Some are interested in an exit strategy for this system. I cannot recall that you suggested one but if so please share. I already made a profit using your system as confirmation on SRS.
Hiromi, I did detail the system in my original post. Sinc I do not use Stock Finder then I am not sure that I can be of any further help. Maybe there is someone that is adept at both TeleChart and Stock Finder that can help you.
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Registered User
Joined: 12/23/2008
Posts: 4
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I to must say thank you WSE for all you have shared ...I'm trading by the CCI that you showed us and wow it really works in the up trends ..( for me any ways) And I also wanted to add thanks to you AspII for showing me how to trade on trend lines .
thank you guys (can't wait to see what alse you guys have to teach)
dusty13
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Registered User
Joined: 12/23/2008
Posts: 4
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QUOTE (Apsll) Thank you AspII for the heads up on the list of stock you gave I did trade some of them today using the CCI (APOL) did good things today for me as well as (AKS)
It has been some time since last I introduced a new trading system. I was turned onto this gem through a good friend of mine that is known within the trading community "Wall Street Edge". I know that a few here know who he is.
This system requires only one indicator. "CCI 20" and it works like this. For Telechart purposes you simply sort your watch list or easy scan by the actual value of this indicator and then press the home key. You are looking for values over 100 where the indicator has not yet finished its peak and is pointing North. Second you need to look for the most recent peak that too was over 100 (Value). Now the current value must actually be higher than the previous 100+ value and rising. The condition is better if the current peak is in close proximity to the crossing of the recent highs value. In other words if the recent peak had a value of 105 than the closer to 106 that this current peak is than you are more likely to catch the rally in the early stages.
Here is a list of candidates that I am currently watching. Try to back test this system and you will see that it has an above average rate of success.
Good luck.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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You are welcome Dusty. The entire list is actually doing very well. I am very supprised at the results of this trading strategy.
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Registered User
Joined: 3/14/2005
Posts: 25
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Apsil: werent all the stock choices from your first post down on fri, and everything but the kitchen sink went up today, not a valid test if im looking at it right. Ive gone over a lot of daily charts , it seems the method works for a one day rise. ill look again.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Klynn55, You are right. just like almost every stock did well yesterday, a lot of stocks did poorly on Friday. Every rally has its ups and downs and it is still to early to gauge this list. In the three full trading days since it was posted most of the pics are in the green. The true test will come when I am able to sort the list by price percent change 5 days.
Thanks for showing an interest. I hope that you are back-testing this system beyound the scope of this list as I too am testing its merrets.
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Registered User
Joined: 12/18/2008
Posts: 150
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there are a few things using this method.. you have to know where to place the stops and your profit targets. since this is a pure momentum strategy, the movements will be quick spikes. look for huge multiples when trading this strat. since it trades on pure momentum the risk:reward ratio are a lot better
also some charts/time periods to trade are better than others as i've discussed in our daily chat sessions
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Registered User
Joined: 12/18/2008
Posts: 150
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i just read through everyones replies...
klynn - stocks dont go straight up... whether youre looking at a daily chart or a 5 min chart, its rare that stocks will go straight up. since its a momentum strategy, its very aggressive, the push can continue, fade out, or consolidate before continuing. most often it will consolidate before pushing higher
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Registered User
Joined: 3/14/2005
Posts: 25
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QUOTE (Apsll) You are welcome Dusty. The entire list is actually doing very well. I am very supprised at the results of this trading strategy.
I was commenting on Apsil's quote, i was wondering if I missed something, im no critic, i appreciate system givers, but i must make sure for clarity sakes that all that is written is all that there is! Capish?
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Registered User
Joined: 3/14/2005
Posts: 25
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WSE: any more hints on the cci20 would be appreciated, im not privy to an unnamed chat? i look forward to your knowledge and experience with the cci20.
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Registered User
Joined: 12/18/2008
Posts: 150
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i wont go into much detail about the system as its widely used by 'professional traders' in my place of work on a public forum but the only other things i can tell you is..
- look for profits which are multiples of your risk and for them to be made quite quickly - its not uncommon for your targets to be hit almost immediately following your entry
- using this strategy gives you rare trades and with rare trades, you get more reliability
- unlike most strategies, trend is not needed, you can simply have the cci open
- the strategy only works under certain conditions for a number of reasons again which i won't post on a public forum
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Registered User
Joined: 8/15/2006
Posts: 132
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Thanks Aspll
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Registered User
Joined: 1/28/2005
Posts: 6,049
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One thing to remember. If you have a watchlist of stocks and
you are looking for a new high on the CCI.
Instead of sorting by actual value. You can sort by visual
value.
This will rank the CCI's compared to the highest high visible on the screen.
When it is the highest high on the screen it will equal 100.
This will tell you which stocks have made new highs
and which are closest to doing it.
Thanks
diceman
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Thanks Diceman. Always love to have your opinions on my threads.
Here is an update on the original list of 24 stocks that met the criteria for this system 5 days ago. I simply sorted the list by "Price Percent Change 5 Days". You will see that the success rate is over whelming. If managed properly than I think we can all thank my good friend WSE for his generosity in sharing this system with me.
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