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Uh....
re: "A hard stop, at least 2 ATR (intra bar average true range)"
For LIQUID "intra bar" instruments (liquid stocks, bonds, commodities,
currencies )....
ATR's are no different than RANGE.
ATR's have meaning intrabar..... only on DAILY or LARGER time-frames.
In other words....for liquid symbols, the
next OPEN is equal to the prior close.
Got it ?
> -----Original Message-----
> From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx]On
> Behalf Of Deosaran Bisnath
> Sent: Monday, July 04, 2005 11:01 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Re: [e-mini_traders_anon] Fw: [HD_RDforDummies] Re:
> Woodies cci
>
>
>
> Try this:
> 5-min chart, preferably NQ, ER, ES
> CCI 50, EMA 20 and 34 : these determine trend
> CCI 6 overlaid on CCI 14
> Stochastics 5,3,3
>
> A hard stop, at least 2 ATR (intra bar average true range); I
> prefer 3 or mroe
> ATR; exit on CCI 6/14 crossovers, or extreme CCI readings, e.g.
> +/- 200, or
> profit objective exits, or cross below or above zero on CCI 14 etc etc etc
>
> daytrade to your heart's delight
>
> for calmer, more subdued trading:
> 15-min chart,
> CCI 50, EMA 9 and 30
> CCI 14 and 20
> stochastics 9,3,3
>
> There are many who scoff at volume; not me, I've found volume to
> be a useful
> aid.... not an indicator... most extremes or turning points are
> accopanied by
> higher than average volume bar or bars... spike bar or bars; the
> inverse is
> not necessarily true: a spike volume bar is not necessarily a
> turning point;
> also variations in volume are useful, e.g. 2 smaller up volume
> bars sandwiched
> between taller down volume bars indicate that the sellers are
> stillin control
> etc etc
>
> fwiw, blah blah blah
>
>
>
>
>
>
>
> --- "Richard C., \"Rick\" Ritter" <rcritter@xxxxxxxxxxxx> wrote:
>
> >
> >
> >
> > FYI, interesting post!
> >
> >
> > ----- Original Message -----
> > From: Gary Wever
> > To: HD_RDforDummies@xxxxxxxxxxxxxxx
> > Sent: Friday, May 13, 2005 2:02 PM
> > Subject: Re: [HD_RDforDummies] Re: Woodies cci
> >
> >
> > I have said it once and I'll say it one more time:trading the
> CCI on 3 and 5
> > minute charts is a one way ticket to the poorhouse. They should
> rename this
> > poorhouse, Woodie's Whipsaw Inn. A 20 or 28 cci setting on a 15
> min. chart or
> > longer time frame has some merit for a market overview. But a 6
> and 14 cci
> > setting on 3 minute charts is great for the brokers, that's
> all. This is an
> > "easy" trading method that appeals to newbies and idiots. Don't
> get away from
> > it, run away from it. Gary
> >
> >
> > --- In HD_RDforDummies@xxxxxxxxxxxxxxx, "polymaj" <polymaj@xxxx> wrote:
> > anyone here use of have used woodies cci. I would like to get some
> > input from other that those that are currently members.
> >
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> >
> >
> >
> >
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
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