Turtles CCI

[vinodkiyer]

daily volatality of stocks can be seen in the below mentioned link of nse. take stocks with high volatality, but at the same time the chart for last couple of days must be trending with only one or two entry triggers as per the method you follow. also check that their open interest is high with high volumes, thus after selecting the stocks, trade when your method triggers entry in the direction of the market.

http://www.nse-india.com/content/nsccl/FOVOLT.csv

 

[crown]

dear,
it's nice to here that you realize the benefit of concentrating on one stock.
now I'll tell you one thing for you.
download manshiRT and try their demo( trail ) version, it's supporting 2 scripts. ( select oen NSEI and any other stock of your favorite) so no need to pay when you are concentrating on only one stock.
when you become perfect and feeling confident on your self try for paid version of any s/w......
raj and all other are big fishes....we can not compare with them. it's takes time to grow for us.
if i said any thing extra....sorry....

thanks vassoma bhai
one querry plz
what is the diff between getting data from diffrent sources like

# Yahoo - NSE realtime data
# Google - NSE, NASDAQ and NYSE realtime data
# ODIN - Odin Diet Client, Angel Diet Client and Odin Client
# TT Advance - enhanced watch based support
# TradeTiger from Sharekhan
# KeatPro for Kotak securities users
# PIB
# Nest Trade
which one is the best

and one more thing bhai
which script you prefer for analysing as intraday?

 

[crown]

crown,

the cheapest rt data software is RTDF which costs Rs 4000/- life time license and no need for subscription, etc, you dont need to worry about paying for RT data thereafter. Also you have the choice of switching to yahoo fromm google and back in this SW. That guy is working on odin extractor also which when he includes will give the updations free for lifetime. if you open analysis-formulaeditor and open the afl then you can read through it

thanks bhai :clap:

 

[vssoma]

thanks vassoma bhai
one querry plz
what is the diff between getting data from diffrent sources like

# Yahoo - NSE realtime data
# Google - NSE, NASDAQ and NYSE realtime data
# ODIN - Odin Diet Client, Angel Diet Client and Odin Client
# TT Advance - enhanced watch based support
# TradeTiger from Sharekhan
# KeatPro for Kotak securities users
# PIB
# Nest Trade
which one is the best

and one more thing bhai
which script you prefer for analysing as intraday?

dear,

if i have account with angel, i need to install odin s/w which i get from angel broking. like same shareshan, kotak, geojit all broking firms have their own s/w. but for that one you need to install in you pc. then you'll get data to ami.
for yahoo and google, there is no need to install any s/w. just open browser and log in with you acc you'll get rt data.( delay may be 1 or 2 sec.)

we cannot say that which one is the best. as a beginner I'll prefer free rt data. of course it may be bit delay, but overall performance is depend up on how you trade rather than which rt data you used, free/paid.

 

[rajputz]

sorry guys...today was totally messed up with the internet here. Some problem with the local internet provider. So i was not able to post the trades. Cause i took one specific trade and exitted at EOD.

Untill now working with the system i havent found difficulties getting trades. I am posting a list of shares that are in my watchlist. I have created a favorite list in my amibroker and only scan these for intraday, as these are high volatile share trading at good volumes. Trading at good volumes mean that difference between the bid and offer price remains 5 paisa or 10 paisa for small stocks, and 10 paisa to 20 paisa for big stocks.

This is my list: -

abb, acc, ambujacem, axisbank, bhartiartl, bhel, bpcl, cairn, cipla, dlf, gail, grasim, hcltech, hdfc, hdfcbank, herohonda, hindalco, hindunilvr, icicibank, idea, infosystch, Itc, lt, m&m, maruti, ongc, pnb, powergrid, ranbaxy, rcom, relcapital, reliance, relinfra, rpower, sail, sbin, siemens, sumpharma, suzlon, tatacomm, tatamotor, tatasteel, tcs, unitec, wipro, aban, albk, auropharma, bajaj-auto, bajajhind, balramchin, bel, beml, bharatforg, bhusanstl, biocon, denabank, drreddy, essaroil, geship, hcc, hindpetro, hindzinc, ibrealest, idbi, jindalsaw, jindalstel, jpassociat, jswsteel, petronet, punjlloyd, renuka, sesagoa, sintex, ster, yesbank, zeel

I scan all of these contunuously....If market is standing and very range bound then i give a break for some time. But believe me. Some stock is always breaking. Still to remove the hitch, this idea came into my mind: -

Selecting some stocks, which are in high indecision and rally to either side is cooling. And can give a breakout any time. For eg. Check todays candle of ABAN, BAJAJHIND, BHARITARTL.

Check Bhusansteel....how it reacted after some days of cool off.

Complete idea is to select the stock which is revolving between simmilar points for few days and about to break.

Please give your views regarding this.

Personally i dont have any problem with the way i am scanning and searching all the stocks. Cause it gives me alot of opportunities in whole day. Selecting few scrips can reduce trading and opportunities. With reduce trading i dont mean over trading. What i think is that working and pattern of CCI are not yet fully understood to individuals and that is causing the real problem. Once you get the hold over pattern recognition according to rule, all problems will be solved.

The process after understanding will be easy.
1. look for Breakout.
2. Check the CCI.
3. If Condition met
Enter 20 seconds before candle close;
else
Scan next;

 

[rajputz]

May be these stocks are fluctuating in narrow range and are likely to break in either direction.

Exactly...I was expecting breakout for mentioned ones. Some even breaked.

Successfull were: -

DLF
GESHIP
PUNJLLOYD breaked for few points only
DRREDDY also breaked the narrow range it was forming

 

[rajputz]

raj and all other are big fishes....we can not compare with them. it's takes time to grow for us.

Hi VSSOMA,

Thanks for your compliments. Really appreciate it.

But till date every moment feels like i have alot to learn. Untill now market has proved to be a sea and i have extracted few drops of knowledge from it. Still learning from every one here.

But i dont think we can call any body a big fish here, or we have to think like we are comparing with them. We are all just learning with each other. Traders helping traders.

I am learning and trying to expand my knowledge. Same is with you any body else. Point out any member at Tj you consider a big fish, and i can assure you that he will be trying to expand his knowledge. It is general thinking that matters and how individual wants to go with it.

 

[SwingKing]

I have been using Woodies CCI for long time. It has given me very nice results in intraday trading. But from last few months, i have got my back apart from scalping and now my try is to get one good trade every day. A single or two good trades with some nice moves.

Dear Rajputz,

Excellent initiative from you. Unlike you, my knowledge on CCI system is absolutely nil. This gives me a good opportunity to study your methods in this thread. Keep up the good work. Just a few pointers though.

1) I surely share AW10's view on having too many things on your charts. Personally, anything for which I have to squeeze my eyes seems very complex. However, if you are comfortable, you should carry on with it. I am sure as you progress further in your trading career you will eliminate many lines from your charts. When I started I used as many as 5 indicators and 3-4 moving averages for swing trades!! Luckily, now I am down to 2 non related trading indicators for my swing trades.

2) Don't get deterred by failing results. You will get plenty of them. Profit is conditional, whereas Risk is permanent. Keep this in mind. Experiment a lot with stops and profit trades. Remember to keep them in % terms. Not in Point terms.

3) Keep a track on stocks and indices on which this system works very well. You need to understand the difference between a good system and a profitable system. Profitable system is not always a good system. But, a Good system, though not profitable every time, still remains sustainable on varied assets. Find out those gems which work best with this system.

In conclusion, wish you all the very best. I hope I'll learn a lot from your thread.

Tc

 

[vinodkiyer]

Hi rajputz,

the problem with taking narrow ranged days and waiting for a breakout is that you may be struck with a narrow ranged day. on the other hand, if you take those which broke out the previous day, chances are better that it will trend again for the day.

 

[crown]

Rajput bhai

During the past couple of weeks I observed the following and would like to have ur comments on it:

Intraday and positional trading are totally different; and using the resistance/support levels based upon EOD chart for intraday trading is totally useless because of two factors;

first high level of volatility (one never knows where the market will open next day, and this point you have mentioned in your past post) and second factor is the importance of fresh signal (which has taken place now) against the old signal that has taken place yesterday. There are very high chances that the script which was weak yesterday, showing reasonable weakness with all indicators and oscillators, can easily turn strong now and if I am trying to short the script on the basis of previous day chart (without considering the present condition), I am sure to get loss (which I am getting regularly). Therefore, while attempting intraday trades (which I suppose are for marginal gains per script per trade i.e. around 1% or so), the focus must be on what is happening right now in stead of what support and resistance levels etc. were formed in yesterday's chart.

For intraday, trades should not be initiated during the first hour. I was doing the same thing. I think that I should let the market show what it is doing even if I miss some good up or down moves. Let the candles form and let the indicators start taking their shapes to allow some guessing or analysing. I have also observed that the intraday trade opportunities are best in the middle hour of the market.

The system of trading used by maximum people is confirm to give loss simply
because only minimum people having major trading capital are actually getting the profit as they have the resources to know which trading systems are commonly used. Therefore, we have to derive at a system which is not known to maximum to maximum of traders.

Thanks bhai