Turtles CCI
- Thread starter rajputz
- Start date
:thumb:
Congrats.
This system requires patience to scan the share price regularly, plus taking the trade quickly if found any. Trying to enter quickly, some times enforces trader to chase the price. And that is to be avoided. Rules are to be followed all the times. If you miss the move, you dont chase it. Cause there might be chances that you need to exit at par. But if you have chased the price, then you would end up with lesser profit or little bit negative.
This system requires patience to scan the share price regularly, plus taking the trade quickly if found any. Trying to enter quickly, some times enforces trader to chase the price. And that is to be avoided. Rules are to be followed all the times. If you miss the move, you dont chase it. Cause there might be chances that you need to exit at par. But if you have chased the price, then you would end up with lesser profit or little bit negative.
Rajputz,
Congrants for the system.
I find it difficult to follow so much jargon (I call it so because I understand nothing of it).
As per AW-10 advice, can you please make the system simple and straightforward without much dazzling graphics? Above all, it is our trading a/c that is to be spilled over, but not the graphs. No offence intended.
Congrants for the system.
I find it difficult to follow so much jargon (I call it so because I understand nothing of it).
As per AW-10 advice, can you please make the system simple and straightforward without much dazzling graphics? Above all, it is our trading a/c that is to be spilled over, but not the graphs. No offence intended.
Your turtle system is just a xerox copy of Linkon's Break Out System... you just replaced his name with yours...
http://www.traderji.com/options/31874-linkons-breakout-system.html
Even CCI is the one he posted before...
Where is YOUR Turtle...? :rofl:
please give the creator his due credit...
http://www.traderji.com/options/31874-linkons-breakout-system.html
Even CCI is the one he posted before...
Where is YOUR Turtle...? :rofl:
please give the creator his due credit...
The charts you have shown are the one which is named guppy pivot. Price chart is simmilar and taken from linkon sir. Even most of my afl's are from linkon sir, or shiree sir. I am not an afl Jargon. I ask for what i need.
And regarding the working of this pivot based method which i got along with guppy from linkon sir, He never told me how did it worked. He just explained me that it is too much slow for me too follow so i dont use it(and for this linkon sir himself sits here watching the thread). I kept the afl for general tracking.
But the method i have discussed is my own. how did I undergo for this strategy is as below: -
1. The idea came from one of the ORB strategy, where a person was trying to take the trade based upon, high and low break of first Hour of trade starting. If the First hours high was broken, then we buy and square off at EOD. if we break the first hour low, we sell and cover at EOD. The whole idea was that market tried to settle in first hour and took direction after wards. But this doesnt sounded good to me, as it was purely assumption based and whipsaws can be more. As a reaction can be open test reverse. Price opens, Breaches high and then falls. Many time it happens. So this was defficient some where and i dropped the idea.
2. Then i followed some thread of sarlamonu demanding a buy or sell at break of previous days high or low, covering half at 1 percent, modifying stoploss of rest half position up by 1 percent, and covering the half position either at stoploss or 2 percent profit. Now this also looked pretty interesting to me. Strategy seemed fine when i thought of it as theoratical. Cause it is obvious that price will go high only after breaking previous days high or go low by breaking previous days low. I tried this with one of the charts mentioned below. I was just tracking when price breaked previous days high or low. Its Linkon's DB BB Pivot Based system. But still defeciency was there. Cause chances of whipsaws were there. As price can revert any time. It is not necessary that price will break the previous days high and go on increasing. It can go all the way up by one or two ticks to execute your stoploss buy order, then it falls to execute your stoploss and rises again at EOD.
3. Then i shifted to this pivot Method. I didnt tracked guppy as gupppy was formed of either three or four moving averages or RSI i think. and used to be very lagging. In the mean time i started to work on my blog, where i used to post calls. I tested the performance of close above or below the higher pivot(EOD) there and came to know how it can work for atleast three or four candles. Then i thought of the root cause, that y do price always flow in that direction, where the pivot is broken. The answer i got after reading book of market profile, that price breaked the band cause buyers or sellers were gaining forces in particular direction. one force is winning the others. one of the Bulls and bears are more active. As this method was giving me full results at eod, i tried to test it on shorter time frame. As linkon sir once told me that what works on shorter time frame always works on bigger time frame. I tried testing this method with the 5 minute charts and breakout alone. But as i demo traded with my 5000 rs kept aside for test i found that it was giving whipsaws. Like the breakout that occured at first, soon entered into the pivot range after two to three candles. Even if the entry got right, i was not getting the proper exit or very early exit from the original exit position. And some times the breakouts were fake.
I was just close, but needed some fewer tweaks. Then thinking about the same one day, i thought of using CCI with it. CCI has always been my favorite indicator for trading intraday charts, as it gives a perfect entry and exit. After that i tested it for various days, made entry and exit rules. And jackpot. Results were good. Not only the results were good, pivot price and CCI acted to be a filter for each other. As Pivot Price method was theoratically a momentum trading method. And CCI was technical momentum trading indicator. They Both should support each other to give a good trade otherwise no trade.
After testing it for few days, i posted it here. Even before posting i didnt told linkon sir, that what i was thinking. I just wanted him to tell later abt my strategy and have his opinion on that publically.
I dont want to provide a new indicator that is just rock solid from research and theoratical way. I just want a method that works theoratically and practically, giving the least whipsaws, and no stoplos hit. Even if you remember i havent mentioned any where to put stoploss. I just exit when CCI hooks back, earlier or later.
Trading is never easy, and neither can i spoon feed everyone. I have given the download link, i have posted the method, i have given the live examples of trades and no trades. But still if some one is just scared of color, then what can i do. Even i was when i was shown woodies CCI. but when i tried it was all simple. . In the very start i cleared that every color helps in detecting some thing. Colors indeed helps. I have given a book on how to read them.
P.S. - I never viewed the breakout thread of linkon sir. Although i did took the same afl from him, when in the early days he was guiding me through trading and told me that it is a turtle trading system. After that AW sir told me what turtle trading method is and I showed him the same afl which he rejected of being Turtle. I tweaked the AFL for my use later on. Named it turtle cause i liked the name. Otherwise turtle depends upon position sizing, breaking of pivot by single tick, and exitting the same when lower pivot is breaken.
And regarding the working of this pivot based method which i got along with guppy from linkon sir, He never told me how did it worked. He just explained me that it is too much slow for me too follow so i dont use it(and for this linkon sir himself sits here watching the thread). I kept the afl for general tracking.
But the method i have discussed is my own. how did I undergo for this strategy is as below: -
1. The idea came from one of the ORB strategy, where a person was trying to take the trade based upon, high and low break of first Hour of trade starting. If the First hours high was broken, then we buy and square off at EOD. if we break the first hour low, we sell and cover at EOD. The whole idea was that market tried to settle in first hour and took direction after wards. But this doesnt sounded good to me, as it was purely assumption based and whipsaws can be more. As a reaction can be open test reverse. Price opens, Breaches high and then falls. Many time it happens. So this was defficient some where and i dropped the idea.
2. Then i followed some thread of sarlamonu demanding a buy or sell at break of previous days high or low, covering half at 1 percent, modifying stoploss of rest half position up by 1 percent, and covering the half position either at stoploss or 2 percent profit. Now this also looked pretty interesting to me. Strategy seemed fine when i thought of it as theoratical. Cause it is obvious that price will go high only after breaking previous days high or go low by breaking previous days low. I tried this with one of the charts mentioned below. I was just tracking when price breaked previous days high or low. Its Linkon's DB BB Pivot Based system. But still defeciency was there. Cause chances of whipsaws were there. As price can revert any time. It is not necessary that price will break the previous days high and go on increasing. It can go all the way up by one or two ticks to execute your stoploss buy order, then it falls to execute your stoploss and rises again at EOD.
3. Then i shifted to this pivot Method. I didnt tracked guppy as gupppy was formed of either three or four moving averages or RSI i think. and used to be very lagging. In the mean time i started to work on my blog, where i used to post calls. I tested the performance of close above or below the higher pivot(EOD) there and came to know how it can work for atleast three or four candles. Then i thought of the root cause, that y do price always flow in that direction, where the pivot is broken. The answer i got after reading book of market profile, that price breaked the band cause buyers or sellers were gaining forces in particular direction. one force is winning the others. one of the Bulls and bears are more active. As this method was giving me full results at eod, i tried to test it on shorter time frame. As linkon sir once told me that what works on shorter time frame always works on bigger time frame. I tried testing this method with the 5 minute charts and breakout alone. But as i demo traded with my 5000 rs kept aside for test i found that it was giving whipsaws. Like the breakout that occured at first, soon entered into the pivot range after two to three candles. Even if the entry got right, i was not getting the proper exit or very early exit from the original exit position. And some times the breakouts were fake.
I was just close, but needed some fewer tweaks. Then thinking about the same one day, i thought of using CCI with it. CCI has always been my favorite indicator for trading intraday charts, as it gives a perfect entry and exit. After that i tested it for various days, made entry and exit rules. And jackpot. Results were good. Not only the results were good, pivot price and CCI acted to be a filter for each other. As Pivot Price method was theoratically a momentum trading method. And CCI was technical momentum trading indicator. They Both should support each other to give a good trade otherwise no trade.
After testing it for few days, i posted it here. Even before posting i didnt told linkon sir, that what i was thinking. I just wanted him to tell later abt my strategy and have his opinion on that publically.
I dont want to provide a new indicator that is just rock solid from research and theoratical way. I just want a method that works theoratically and practically, giving the least whipsaws, and no stoplos hit. Even if you remember i havent mentioned any where to put stoploss. I just exit when CCI hooks back, earlier or later.
Trading is never easy, and neither can i spoon feed everyone. I have given the download link, i have posted the method, i have given the live examples of trades and no trades. But still if some one is just scared of color, then what can i do. Even i was when i was shown woodies CCI. but when i tried it was all simple. . In the very start i cleared that every color helps in detecting some thing. Colors indeed helps. I have given a book on how to read them.
P.S. - I never viewed the breakout thread of linkon sir. Although i did took the same afl from him, when in the early days he was guiding me through trading and told me that it is a turtle trading system. After that AW sir told me what turtle trading method is and I showed him the same afl which he rejected of being Turtle. I tweaked the AFL for my use later on. Named it turtle cause i liked the name. Otherwise turtle depends upon position sizing, breaking of pivot by single tick, and exitting the same when lower pivot is breaken.
Hi Sir,
I have given a book in the start that very well defines what the colors are meant for. I am sure that once you will read it, you will find it adaptable. Whole idea is that if you got adapted to colors, you dont need to apply the mind and just follow the rules.
For your convinience i am posting some links of videos also (if you can download and watch them). they will really help, not only with this strategy but with woodies cci also.
here are the links to dvd. PDF is given on first page.
These are 6 dvd and link support resume also
http://www.mediafire.com/?fztlj3zotz2
http://www.mediafire.com/?5kyitmmymem
http://www.mediafire.com/?jiwmvyzyjmj
http://www.mediafire.com/?oydtikxzm2m
http://www.mediafire.com/?jk2rjiomtjw
http://www.mediafire.com/?nznzmmnw3tz
http://www.mediafire.com/?nteqwnolz3c
http://www.mediafire.com/?trtd1mqymzv
http://www.mediafire.com/?yudjzmynkyx hjsplit to join files
I have given a book in the start that very well defines what the colors are meant for. I am sure that once you will read it, you will find it adaptable. Whole idea is that if you got adapted to colors, you dont need to apply the mind and just follow the rules.
For your convinience i am posting some links of videos also (if you can download and watch them). they will really help, not only with this strategy but with woodies cci also.
here are the links to dvd. PDF is given on first page.
These are 6 dvd and link support resume also
http://www.mediafire.com/?fztlj3zotz2
http://www.mediafire.com/?5kyitmmymem
http://www.mediafire.com/?jiwmvyzyjmj
http://www.mediafire.com/?oydtikxzm2m
http://www.mediafire.com/?jk2rjiomtjw
http://www.mediafire.com/?nznzmmnw3tz
http://www.mediafire.com/?nteqwnolz3c
http://www.mediafire.com/?trtd1mqymzv
http://www.mediafire.com/?yudjzmynkyx hjsplit to join files
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