CCI bungie setups education

    Posted by matt on 18th of Nov 2022 at 09:24 am

    on the CCI bungie setups, one thing I require is that there is MACD div on a 60 min time frame, if there is no positive divergence, I do not attempt to trade the daily setup. There must either be a pattern such as a wedge or some positive divergence on a smaller time frame such as a 2hr or 60 min, both WWW and AQN have that

    WWW - Chart Link

    WWW - Chart Link60 min view

    AQN - Chart Link

    AQN - Chart Link60 min view

    WWW trigger?

    Posted by bpozdoll1717 on 18th of Nov 2022 at 03:15 pm

    WWW trigger?

    bpozdoll1717- yes it triggered, I

    Posted by matt on 18th of Nov 2022 at 03:30 pm

    bpozdoll1717- yes it triggered, I posted an update on it. 

    for trade ideas like those, I simply place a buy stop order in at the trigger, good for that day only not GTC because those triggered are only good for that day and change each day if not triggered. I'm so busy with other things I would miss it, so I just place the order in - I saw earlier that my buy stop triggered and I'm now up nicely on it. I went a bit heavy on it so I peeled out of some shares

    anyway for these setups - easy way to play them is to set that buy stop in the morning

    Thanks Matt, these are great..

    Posted by greggone on 18th of Nov 2022 at 09:39 am

    Thanks Matt, these are great.. appreciate you taking the time to elucidate a bit ;) 

    no problem, and remember, no

    Posted by matt on 18th of Nov 2022 at 09:41 am

    no problem, and remember, no trigger no trade, they may not trigger today as well and the triggers would get moved yet again for Monday. 

    sometimes I will enter some shares early based on the 60 min chart if I see a patter or a place for a tight stop, but as far as the daily - the daily trigger needs to take out yesterday's highs by 1 penny

     Matt,  IRT "the daily trigger

    Posted by DigiNomad on 19th of Nov 2022 at 12:11 pm

     Matt,  IRT "the daily trigger needs to take out yesterday's highs by 1 penny"....is that on a closing basis? I assume it is, but thought I'd ask.  

    only saw one new setup

    Posted by matt on 20th of Nov 2022 at 11:32 am

    only saw one new setup on my CCI scan, EBS, the rules are right on the chart, trigger conditions only good for Monday. Ideally I would like even more price separation from the 5 EMA but it's fine, also has RSI div, and of course 60 min and 2hr MACD div

    Matt, love the detail you

    Posted by DigiNomad on 20th of Nov 2022 at 12:52 pm

    Matt, love the detail you included on the trade setup. Thanks!

    on the CCI bungie setups

    Posted by matt on 19th of Nov 2022 at 02:06 pm

    on the CCI bungie setups - when you have the CCI divergence, and a doji - your long trigger is taking out the high of that doji by 1 penny on the following day -the trigger is intra day, NOT the close. I set by long buy stop order 1 penny of the doji, and if it executes, I then immediately place my stop at the candle low

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