CCI bungie trades follow up

    Posted by matt on 24th of Jun 2022 at 10:51 am

    WOW - Chart Link- posted this morning

    AKZOY - Chart Link- one from Wed, didn't trigger on Thursday, but would have triggered today off yesterday's doji

    Matt in your educational video

    Posted by simple_million on 25th of Jun 2022 at 05:35 pm

    Matt in your educational video on reversion to mean setups, can you define what you mean by "wide MACD/BB"?  Is this just bollinger bands on top of MACD? I'm not sure how to tell when its "wide", thanks!

    MACD/BB is an indicator combination

    Posted by matt on 26th of Jun 2022 at 03:42 pm

    MACD/BB is an indicator combination with the MACD and Bollinger Bands - something I dont' really use anymore. Otherwise you might be referring to when I discuss the wide moving average ribbons or a wide MACD,  or wide Bollinger Bands. But most of the time when I discuss super wide, I'm referring to the moving average ribbon

    Ha! speaking of CCI... CCI - ran

    Posted by timebandit on 24th of Jun 2022 at 10:59 am

    Ha! speaking of CCI...

    CCI - ran out of gas today and tried a short earlier this morning, so far so good

    timebandit - yes that CCI

    Posted by matt on 24th of Jun 2022 at 11:06 am

    timebandit - yes that CCI was a text book CCI div trade - see image

    here's one of the scans

    Posted by matt on 24th of Jun 2022 at 11:07 am

    here's one of the scans I look to find those - you can put that into Stockcharts.com. Remember with scans you have to look at each setup - most of the results will be crap in most scans and you hope to find 1 or 2 good ones - this scan looks for setups where  the CCI has spiked below -250 and has worked higher with prices declining i.e. a divergence - also it looks for stocks that have a doji candlestick 

    [type = stock] AND [country = US] AND [Daily SMA(60,Daily Volume) > 100000] AND [Daily SMA(60,Daily Close) > 5] AND [Daily Close < Daily EMA(9,Daily Close) * 0.95] AND [Daily EMA(9,Daily Close) < 20 days ago Daily EMA(9,Daily Close)] AND [Daily RSI(5,Daily Close) < 30] AND [Daily EMA(9,Daily Close) < 30 days ago Daily EMA(9,Daily Close)] AND [Daily Close <= Daily Open * 1.01] AND [Daily Close >= Daily Open * 0.985] AND [Daily CCI(14) > Yesterday's Daily CCI(14)] AND [Daily CCI(14) > 2 days ago Daily CCI(14)] AND [[10 days ago Daily CCI(14) < -250] OR [9 days ago Daily CCI(14) < -250] OR [8 days ago Daily CCI(14) < -250] OR [7 days ago Daily CCI(14) < -250] OR [6 days ago Daily CCI(14) < -250] OR [5 days ago Daily CCI(14) < -250] OR [4 days ago Daily CCI(14) < -250] OR [3 days ago Daily CCI(14) < -250] OR [2 days ago Daily CCI(14) < -250]] 

    Wow, great resource. Many thanks!

    Posted by timebandit on 24th of Jun 2022 at 11:38 am

    Wow, great resource. Many thanks!

    SLVM showing up on that

    Posted by matt on 24th of Jun 2022 at 11:20 am

    SLVM showing up on that scan today stands out at moment- again closing is what matters.

    remember with those CCI bungie setups you need to be disciplined - trade entries are high of dojis with stops at low. Also - one of my filters is looking at a 60 or 120 min chart -I require that I see a MAC divergence on those time frames - if I don't see a MACD divergence on a 60 min then most of the time the setup is not ready. 

    the daily setup is good for the next day - if it doesn't trigger, then no trade

    this educational page shows a variety of these setups - and I show 60 min time frames with some of those daily charts in order to show that divergence or wedge you want to see

    https://breakpointtrades.com/education/legacy/?nl_id=3283 

    Thank you ...keep em coming

    Posted by shellson2 on 24th of Jun 2022 at 12:23 pm

    Thank you ...keep em coming Matt

    Thanks, Matt!

    Posted by brophy on 24th of Jun 2022 at 11:17 am

    Thanks, Matt!

    Thx for sharing it!!! 

    Posted by mla127 on 24th of Jun 2022 at 11:16 am

    Thx for sharing it!!! 

    Well done bandit

    Posted by steve on 24th of Jun 2022 at 11:00 am

    Well done bandit

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