KST and CCI zero line cross overs combined with ema 15 on 100 minute charts
- Thread starter Klewtar
- Start date
I'm using a registered imgur account now, hope no more images get deleted:
KST's green line to avoid massive price drops:
While the usual rule is to exit when the price is below EMA 20 after a candle closes and to avoid situations such as today where a massive price drop occurs: if KST's green line reaches 0.00 before a 100 minute candle closes, an exit can take place:
KST's green line to avoid massive price drops:
While the usual rule is to exit when the price is below EMA 20 after a candle closes and to avoid situations such as today where a massive price drop occurs: if KST's green line reaches 0.00 before a 100 minute candle closes, an exit can take place:
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In light of today's performance, do not return to longs if price is above EMA 20 unless the green line of KST is more than 0.00 (even then because of the information released today in Bernanke's speech, it is unsafe to enter longs in the base metals today/overnight; however, crude has been short since yesterday when it's red line of KST reached below 0.00 on 100 minute charts.) Thanks to @valuable_earner, I've started to notice the green line's use in advancing the basic system to further reduce large losses from whipsaws.
My apologies for the missing images in the earlier posts and not adding the new rules earlier
My apologies for the missing images in the earlier posts and not adding the new rules earlier
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You can try but I don't think the system would work as intended (a system that minimizes losses in whipsaws while joining a new short to medium term trend within a couple of days of the trend's starting time) on all time frames.
If only the red line of KST/CCI crossing the 0 treshold is used (similar to CCI Arrows,) it can be used on every time frame.
If only the red line of KST/CCI crossing the 0 treshold is used (similar to CCI Arrows,) it can be used on every time frame.
I'm now thinking of an alternative system with only red line and green line of KST on 100 minute charts without EMA 20. (Edit: I may make a new post in the future with a revised version of the system once I'm certain that there won't be missing images.)
Red line is above 0.00, exit long when green line dips below 0.00 before the candle closes; re-enter/pyramid longs when green line returns to being above 0.00 after the candle closes.
Redline is below 0.00, exit shorts when green line rises above 0.00 before the candle closes; re-enter/pyramid shorts when green line returns to being below 0.00 after the candle closes.
Price and EMA 20 may be used for confirmation/refining the trades. The green line of KST tends to react earlier than waiting for a 100 minute candle to close with EMA 20 (it would have saved me a bit of money if I had been certain this earlier today
) which can lead to heavy losses on days with extremely strong fundamental news.
Edit: If the green line of KST or CCI is not available, as soon as the price touches EMA 20, exit a trade, when a candle closes in the previous direction of a trade (price above ema 20 for longs and redline is above 0.00; or price below ema 20 for shorts and redline is below 0.00) re-enter or pyramid.
Red line is above 0.00, exit long when green line dips below 0.00 before the candle closes; re-enter/pyramid longs when green line returns to being above 0.00 after the candle closes.
Redline is below 0.00, exit shorts when green line rises above 0.00 before the candle closes; re-enter/pyramid shorts when green line returns to being below 0.00 after the candle closes.
Price and EMA 20 may be used for confirmation/refining the trades. The green line of KST tends to react earlier than waiting for a 100 minute candle to close with EMA 20 (it would have saved me a bit of money if I had been certain this earlier today
) which can lead to heavy losses on days with extremely strong fundamental news.Edit: If the green line of KST or CCI is not available, as soon as the price touches EMA 20, exit a trade, when a candle closes in the previous direction of a trade (price above ema 20 for longs and redline is above 0.00; or price below ema 20 for shorts and redline is below 0.00) re-enter or pyramid.
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I'm now thinking of an alternative system with only red line and green line of KST on 100 minute charts without EMA 20. (Edit: I may make a new post in the future with a revised version of the system once I'm certain that there won't be missing images.)
Red line is above 0.00, exit long when green line dips below 0.00 before the candle closes; re-enter/pyramid longs when green line returns to being above 0.00 after the candle closes.
Redline is below 0.00, exit shorts when green line rises above 0.00 before the candle closes; re-enter/pyramid shorts when green line returns to being below 0.00 after the candle closes.
Price and EMA 20 may be used for confirmation/refining the trades. The green line of KST tends to react earlier than waiting for a 100 minute candle to close with EMA 20 (it would have saved me a bit of money if I had been certain this earlier today ) which can lead to heavy losses on days with extremely strong fundamental news.
Edit: If the green line of KST or CCI is not available, as soon as the price touches EMA 20, exit a trade, when a candle closes in the previous direction of a trade (price above ema 20 for longs and redline is above 0.00; or price below ema 20 for shorts and redline is below 0.00) re-enter or pyramid.
Red line is above 0.00, exit long when green line dips below 0.00 before the candle closes; re-enter/pyramid longs when green line returns to being above 0.00 after the candle closes.
Redline is below 0.00, exit shorts when green line rises above 0.00 before the candle closes; re-enter/pyramid shorts when green line returns to being below 0.00 after the candle closes.
Price and EMA 20 may be used for confirmation/refining the trades. The green line of KST tends to react earlier than waiting for a 100 minute candle to close with EMA 20 (it would have saved me a bit of money if I had been certain this earlier today
) which can lead to heavy losses on days with extremely strong fundamental news.Edit: If the green line of KST or CCI is not available, as soon as the price touches EMA 20, exit a trade, when a candle closes in the previous direction of a trade (price above ema 20 for longs and redline is above 0.00; or price below ema 20 for shorts and redline is below 0.00) re-enter or pyramid.
Based on what happened on Wednesday and Thursday, I'm thinking of keeping only the red line readings of KST/CCI and a 100 minute (or 120 minute) chart. Instead of green line and EMA 20 for entries and exits, Fibonacci resistance and supports can be used
When KST is above 0 on 100 minute charts, enter longs at fibonacci resistance (based on previous days prices) with fibonacci supports as stop loss (updated daily on previous days prices.)
When KST is below 0 on 100 minute charts, enter shorts at fibonacci support with fibonacci resistance(s) as stop loss.
That should require less effort than constantly watching the charts to see ema 20 or green line of KST working. Only time when chart watching is needed is when entering a long or short, the red line of KST on 100 minute charts is to be read.
When KST is above 0 on 100 minute charts, enter longs at fibonacci resistance (based on previous days prices) with fibonacci supports as stop loss (updated daily on previous days prices.)
When KST is below 0 on 100 minute charts, enter shorts at fibonacci support with fibonacci resistance(s) as stop loss.
That should require less effort than constantly watching the charts to see ema 20 or green line of KST working. Only time when chart watching is needed is when entering a long or short, the red line of KST on 100 minute charts is to be read.
This system really broke after Bernanke's speech on the 29th. KST/CCI cross overs signaled trends after the 29th of Feb but the cross overs and ema rules did not indicate whether the trends were weak or strong . I've added ADX as a way to filter out weak from strong trends.
Do not use any of the (entry) rules in the system unless the white/main line in ADX reads above 20 on 100 minute charts and the white/main line is in an upward direction.
Do not use any of the (entry) rules in the system unless the white/main line in ADX reads above 20 on 100 minute charts and the white/main line is in an upward direction.
Ema 20 was crossed and the green line dropped below 0.00 on the chart. Notice the white line is in a downward direction which implies that after an exit, no new entries are to take place (until the white line of ADX returns to an upswing with a reading above 20)
White line of ADX went to below 20 (white line is at 7.71) which implies no new entries were to be made since Feb 29th:
White line of ADX went to below 20 (white line is at 7.71) which implies no new entries were to be made since Feb 29th:
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