Turtles CCI

[crown]

rajput bhai
just ignore, if you find my words silly
but I would like to share one thing, which I understood during the past couple of weeks (especially after visiting ur blog)
It is not the system which works
It is the person using the system
best of the best indicator can be useless, if I am not able to understand how to use it accordingly
Or in other words, trading with money management is much more important than using a particular system.
There is no doubt, not even an iota of doubt in me, about this system
but I am still trying to learn, how to manage my trades accordingly
because, simply entering into a trade mere on the basis of signals of a system is not sufficient enough to make me successful in trading.
It is the way I throw my money into the trade and takes it back, which is more important. System can help you enter and exit only
but how much money, in how many phases and for how much risk/reward; this is also to be taken into consideration.
That is why, in my personal experience (which no doubt is very very very less), I observed that many people having less knowledge of TA, but with good money management skill are having consistent profits.

thanks

 

[rajputz]

rajput bhai
just ignore, if you find my words silly
but I would like to share one thing, which I understood during the past couple of weeks (especially after visiting ur blog)
It is not the system which works
It is the person using the system
best of the best indicator can be useless, if I am not able to understand how to use it accordingly
Or in other words, trading with money management is much more important than using a particular system.
There is no doubt, not even an iota of doubt in me, about this system
but I am still trying to learn, how to manage my trades accordingly
because, simply entering into a trade mere on the basis of signals of a system is not sufficient enough to make me successful in trading.
It is the way I throw my money into the trade and takes it back, which is more important. System can help you enter and exit only
but how much money, in how many phases and for how much risk/reward; this is also to be taken into consideration.
That is why, in my personal experience (which no doubt is very very very less), I observed that many people having less knowledge of TA, but with good money management skill are having consistent profits.

thanks

I mentioned many times that understanding of particular system is always important. Now in this system i consider discipline to be most important. Discipline in following the rules exactly. Not altering them for your own belief system.

TA only constitutes 15% of any trading method. Rest 85% is understanding. Well the person who is using money management properly is also having understanding at some different level. For eg. a person can distribute money over many instruments with each instrument increasing or decreasing percentage of money in equal manner, no matter how volatile an instrument may be. Other example can be seen with a person trading on the basis of support and resistance only and using money management effectively there. Look money management cannot work alone. It has method and understanding of the method at backhand. Then only money management can be applied.

Well I dont want any one to take the trades directly on my instructions or rules defined. I may be wrong, and ruled defined by me may need further tweaking. Rather observe it. If want it much better, then do it with one share only. Watch the system working live. Know the ifs and buts at live trading session. See the effectiveness. Adapt it, Improvise it, and overcome the problem.

As discussed earlier that discipline is the key tothis system. You will find that rather then simple entry, stoploss and exit, i have only two parameters to work upon. And that is Entry and Exit only. I dont use stoploss with this system. Rather i exit when the system fails the pattern or some specific point. So that part needs to be followed very carefully and with discipline, as weak traders go in hope mode and carry the wrong trade. In this method we need to enter and exit when the system say so.

Well paper trade it. See the working according to rule. See how it works for you. I have used cci for long time so it has gone deep into me and decision comes frm sub consious mind automatically. All it needs is adaption. Once you got adapted and love it, it sure will give you the results.

 

[rajputz]

It is the way I throw my money into the trade and takes it back, which is more important. System can help you enter and exit only
but how much money, in how many phases and for how much risk/reward; this is also to be taken into consideration.

Well you can use money distribution accordingly. As it suits you. I trade on future, cause they are exectued fast then equity cause a complete lot gets executed in one bid offer. Well check for what share how much quantity you can work upon. Time frame can also be changed accordingly. Keeping the position small i am using it on 5 min. One can shift to 15 min or even higher tf. But discipline is the key.

 

[crown]

I mentioned many times that understanding of particular system is always important. Now in this system i consider discipline to be most important. Discipline in following the rules exactly. Not altering them for your own belief system.

TA only constitutes 15% of any trading method. Rest 85% is understanding. Well the person who is using money management properly is also having understanding at some different level. For eg. a person can distribute money over many instruments with each instrument increasing or decreasing percentage of money in equal manner, no matter how volatile an instrument may be. Other example can be seen with a person trading on the basis of support and resistance only and using money management effectively there. Look money management cannot work alone. It has method and understanding of the method at backhand. Then only money management can be applied.

Well I dont want any one to take the trades directly on my instructions or rules defined. I may be wrong, and ruled defined by me may need further tweaking. Rather observe it. If want it much better, then do it with one share only. Watch the system working live. Know the ifs and buts at live trading session. See the effectiveness. Adapt it, Improvise it, and overcome the problem.

As discussed earlier that discipline is the key tothis system. You will find that rather then simple entry, stoploss and exit, i have only two parameters to work upon. And that is Entry and Exit only. I dont use stoploss with this system. Rather i exit when the system fails the pattern or some specific point. So that part needs to be followed very carefully and with discipline, as weak traders go in hope mode and carry the wrong trade. In this method we need to enter and exit when the system say so.

Well paper trade it. See the working according to rule. See how it works for you. I have used cci for long time so it has gone deep into me and decision comes frm sub consious mind automatically. All it needs is adaption. Once you got adapted and love it, it sure will give you the results.

thanks bhai
discussion with you has always been beneficial for me. You guide in such a simple language, that it really becomes easy for me to understand.

regarding bold matter:
This is what I am trying to learn and bring into my natural habit. Coz, I have seen myself altering the system and trying to remain on hope many times, in stead of following the rules without emotions. As you have said many times, one should react towards the situation according to the system and as per rules; I am trying to learn it as deeply as possible.

thanks again bhai

 

[rajputz]

Just work like robot on set of rules. Although paper trade first to get the insight of the working.

 

[darkstar]

its amibroker...

for ami your real time data provider is !

 

[rajputz]

for ami your real time data provider is !

TDI true data india

 

[rajputz]

Renuka is giving buy according to the system...

CCI gone positive and pivot break on 5 minute chart

 

[crown]

rajput bhai
I think nifty can be shorted at current levels 5255 for intraday purpose.

 

[crown]

will cover my short, in case nifty trades above 5260