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]]
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
here's one of the scans
CCI bungie trades follow up
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!!!