Woodies CCI trading system
- Thread starter kkeskar92
- Start date
Here is a vegas trade on Nifty fut 5 min chart.
There was test of yesterday's close at 5080 when vegas pattern appeared.
Bought 4 5100 calls at 76.
The price went up to test todays open at 5095 when CCI hooked down.
Also the volume indicator shows that the price has gone up on low volumes which are shown by yellow volume bars in lower panel.
Exited the calls at 84.
Total 8 point profit on calls.
There was test of yesterday's close at 5080 when vegas pattern appeared.
Bought 4 5100 calls at 76.
The price went up to test todays open at 5095 when CCI hooked down.
Also the volume indicator shows that the price has gone up on low volumes which are shown by yellow volume bars in lower panel.
Exited the calls at 84.
Total 8 point profit on calls.
See this post for the 2 volume indicators I am experimenting to be used with woodies CCI system to filter the trades.
The volume spread analysis is amazing and along with analysis of trend, momenum, volatility...volume analysis based on VSA system would be interesting. Thanks to karthik for his thread on VSA.
The volume spread analysis is amazing and along with analysis of trend, momenum, volatility...volume analysis based on VSA system would be interesting. Thanks to karthik for his thread on VSA.
Todays Nifty trade:
Nifty opened with a gap up and tested 5140.
Then it was hovering between 5125 and 5140.
It tested 5140 2-3 times with a single false breakout.
At 5135, there was a large volume, wide spread down bar breaking the lower Bollinger band with a ZLR pattern on CCI on 1 min chart.
Bought 5200 puts.
Nifty went down on high volumes with 2 small pullbacks on low volumes.
It showed multiple ZLR on CCI with a Tony trade in trend direction when the volumes were very low so held on to trade.
At 5105, there was a large upbar on high volumes and wide spread showing commitment of majority to go long and short covering.
So closed the trade at 5110.
Nifty opened with a gap up and tested 5140.
Then it was hovering between 5125 and 5140.
It tested 5140 2-3 times with a single false breakout.
At 5135, there was a large volume, wide spread down bar breaking the lower Bollinger band with a ZLR pattern on CCI on 1 min chart.
Bought 5200 puts.
Nifty went down on high volumes with 2 small pullbacks on low volumes.
It showed multiple ZLR on CCI with a Tony trade in trend direction when the volumes were very low so held on to trade.
At 5105, there was a large upbar on high volumes and wide spread showing commitment of majority to go long and short covering.
So closed the trade at 5110.
Nifty trade on 12 march
Nifty opened above 5150 and looking at previous days rally at the end, I was looking to go long at the dip. Nifty kept on drifting lower till 5020-5025 in the afternoon.
There were serial lower lows and lower highs and price was contained in lower bear chanel.
There was first higher low and CCI showed vegas pattern, so entered a long at 5133. This was followed by a famir pattern which confirmed long trade.
The CCI went above 200 and hooked back when I closed the trade at 5145.
Entry pic
Exit pic
Nifty opened above 5150 and looking at previous days rally at the end, I was looking to go long at the dip. Nifty kept on drifting lower till 5020-5025 in the afternoon.
There were serial lower lows and lower highs and price was contained in lower bear chanel.
There was first higher low and CCI showed vegas pattern, so entered a long at 5133. This was followed by a famir pattern which confirmed long trade.
The CCI went above 200 and hooked back when I closed the trade at 5145.
Entry pic
Exit pic
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