Daily CCI setup

[gdavis]

Momentum

The long euro trade did not trigger today even tho the day was in the up direction.

[gdavis]

Three signals today on the daily cci to go short at the pivot based on Friday's open..

ES, NQ and YM all signaled short by crossing down thru the +100 cci 20, hlc/3 line.

This message will have the ES chart attached.

The next two messages will have the NQ and YM chart attached.

[gdavis]

This message will have the NQ chart attached.

[gdavis]

This message will have the YM chart attached.

[woodie99]

pivots

Momentum just type 390 on your chart to get pivots to work for a daily...hope this helps

woodie

[pj909]

I have a question on the entry/exit rules and trade management.
1) Today, NQ, ES and YM all opened lower than the pivot. So do you enter at MOO?
2) Is this a multi-day setup and what kind of stops are you using? i.e. all 3 indexes appear to have trigerred longs in Jan that depending on exit rules you might still be in.

[Momentum]

Thanks Woodie.

Am I correct that the setup is that the price for, say, a short has to either bounce or come down thru the woodie pivot at the same time as the wcci croses down thru +100?

Does the 3rd bar from the right fulfill that criteria? (see attached)

TIA

Momentum

[gdavis]

Momemtum

Are those daily bars? Are the pivot lines shown for the current bar (day)? Or are they for the third bar back in time? (Or maybe both if the chart is not a daily.)

It seems to me the only bar the daiy pivot lines are 'valid', are for the curent daily bar - because the third bar back has it's own pivot number based on the data of that bar's open and the previous hi/lo.

I would also like to hear what woodie says.

[Momentum]

Ah, you're right gdavis. It was today's PP

[gdavis]

Well, the three signals triggered last week did not present and entry on Friday.

It turns out a lot of the signals to date have not crossed or touched the pivot line, so I used a market on open type order for those instances.

The chart below shows the max/min move of the signals to date.

[woodie99]

cci

Gdavis i think you got this all wrong ..i checked es and have way different then you.....i'm up +19 points on es and still short

woodie

[Momentum]

Woodie, can u please set out the rules you use for these daily trades so we can get in synch with you?

Tx

Momentum

[woodie99]

rules

I just did go thru rules twice the last 2 weeks in chat room...best to join us there as thats best to learn nuances etc.

woodie

[gdavis]

Re: cci

woodie

I may have it wrong but I was wondering what you figured the entrance price was for the trade signal on 2/18. I had the cci go under 100 on the 17th and the pivot on the 18th at 1203.50 - the high of the day at ~3:55 pm est. I wonder if that was the entry you referred to? Other wise I don't see how you could have gotten 19 points the next day.

See my chart below of the 18th with the pivot marked in yellow.

Thanks for trying to help.

Originally posted by woodie1
Gdavis i think you got this all wrong ..i checked es and have way different then you.....i'm up +19 points on es and still short

woodie

[gdavis]

Also, there was a long set up on the NQ today, here is the chart.