WCCISqueeze v1 Trading System

[Seraph]

This is basically 2 types of indicators combined. I trade on a 1H chart. Entry signals are based off Woodie's CCI patterns. Actually, I only like -100,100 to 0 level crossovers and Zero line reject patterns. Exit on MACD crossover. It is really easy, and has a few more rules then defined here. The Red and Green histograms are basically trade zones. Don't rely on the signal when it's RED! There's one of those on the chart above. I'll be posting my results, this system, and a simple Vegas tunnel system, as well as signals on my online trading journal at http://4xjournal.blogspot.com.

[Seraph]

Just on another note. The example I gave above is actually a zero line reject followed by a trendline break confirmation. You can take the trade at the confirmation, or the zero line break. I find 0 line breaks give a stronger signal, but the 2 woodie patterns are strong enough.

[wolf825]

Seraph,
Thank you for posting! Very interesting indeed... Will be interested to read about your progress. Thanks again!

-w

[Seraph]

Just finished posting my 2 methods and uploading the custom indicators on my blog. They're titled "WCCISqueeze System" and "Fibonaci Moving Average System"

[Woody55]

I use a very similiar system on the 5 minute chart for about 20-30 PIPS a night. It only works from about 5 PM (Pacific time zone) until around midnight, when a pair is in a fairly tight channel......about 20-30 PIPS from support to resistance. I Use the MACD crossing in conjuction with the RSI dropping or rising above the zero line.....then I refer to the 1 minute chart and use the Parabolic SAR for confirmation. This became so predicatable that I started a 250 buck real money account and have gotten it as high as 500 bucks......I have never lost PIPS using this method.....only trying other ones.....whenever I get back down to 250, I come back here to my bread and butter......at 350 now.....and SWEAR, that I'm gonna only use this method until I hit a couple grand.....yeah..right. LOL Wolf, if you read this...what is a good site to go to and get/edit charts for posting? I'll post and annotate charts on my method this weekend.....hopefully.

[Seraph]

Can you tell me what currency pair you trade? 20-30 pips a nights not bad either. 5pacific is 2EST. From what I can tell, you are trading the retracement that happens after the big move from 8:30AM EST to 12:00. Plus, scalping is a lot of work, and a lot of attention needs to be put on the charts. Whatever works though, as far as charts, I use metatrader4, you can just screen cap whatever chart your using though.

BTW, is wolf the only really active person here?

[Woody55]

Actually 5PM PST is 8PM EST. This method only works in STABLE CHANNELS, when trading is low. If you notice the times...it's after the New York session and before the London session. This method SEEMS to work on all pairs, however, I trade the EUR/USD the most. Also, the EVERY NIGHT claim I made doesn't happen on the same pair every night....if it's not happening on USD/EUR......I start looking at other pairs......then jump in.......ONCE AGAIN, I HAVE NEVER LOST A SINGLE PIP on this YET. But I'm still waiting for the other shoe to drop.....only been doing this system for about 2 weeks. Anyway, here is a PM that I sent Wolf giving the text version of the system......I'll try and edit some charts to show you visually how it works. Very interesting read on your blog as well. When I get a couple bucks, I would like to become a mid-term swing player instead of a scalper.....less work, more reward....right now 80% of my swing plays have failed.....not due to a wrong prediction, but due to my stop loss being hit before THE MOVE I PREDICTED HAPPENED.....OK here's the PM.

Can you recommend a good site to go and get/edit charts? If not, I'll find one and try and get my method together to post. So here is the latest. I started with 250 bucks, have hit 500 a couple of times....then tried overnight swing plays(against you advice), and keep getting back down to 250. I am at 350 now and am planning to ONLY channel surf till I have a couple grand. I have NEVER lost a PIP channel surfing and get between 20-30 PIPS a night from 5 PM Pacific time to around 9 PM. Here is the history of channel surfing and the text version of the method.

1. I PM'd you a couple weeks ago that by just following the Parabolic SAR on a one minute chart, I was getting 1-2 PIPS every hour or so after the spread, but head faked a lot...didn't cost nothing, since a head fake meant I usually broke even. So I went to the 5 minute chart and tried to predict when a head fake when happen. That's when I noticed that when a pair was in a 5 minute trend opposite the 1 minute Parabolic SAR, that it would result in a head fake, so now I trade on the 5 minute chart and just use the 1 minute for confimation. Next is the text version of my Channel Surfing Method.

2. In the evening, almost all the pairs are in an established channel....I trade the EUR/USD the most. The size of the channel is usually 20-30 PIPS from support and resistance. On the 5 minute chart, when the MACD cross in conjuction with the RSI passing zero, I go to the one minute chart and verify that the Parabolic SAR is following the same direction. When this happens, I long/short.

3. When the same setup reverses, I long/short. I never hit the bottom of support or the top of resistance, and a lot of times I will exit a position before my indicators tell me to reverse postions, because by the time my indicators line up for a reversal, it's usually 3-5 PIPS away from the spike. I for sure won't re-enter though unless my indicators confirm a reversal. So basically I surf the waves up and down for about 10 PIPS each way, and can do it 3 times in about 4 hours. I would be more ahead, but usually sell/buy half of my position on the way up and down, cuz I'm a pussy. After a 5 PIP gain after the spread, I get rid of half, just in case, but the pair ALWAYS follows my predicition, so I'm gonna have to try and change that.

[wolf825]

Originally Posted by Seraph

BTW, is wolf the only really active person here?

Seems like it sometimes...doesn't it..

Nah there are a few others here...they pop in from time to time...depends on how busy they are etc.. I'm around HSM daily tho. However I am strictly Forex trading...I trade almost every day and I think I'm probably one of the only ones who is like that here tho for being just a Forex Trader. I rarely touch stocks anymore....a lot of folks here do both tho..

But someone has to man this forum to keep a candle burning, and keep the scammers and system/alert sellers outta here.. I'm glad to do it and help out folks just startin out..and I encourage others to help out when they feel they can.

-w

[Seraph]

tried looking for a web charting service. they all suck. i'd say ur better off just using whatever u got. i'm pretty sure ur looking at something.

btw. wat broker do u use wolf?

[Morpheus]

I"m here. I'm active. I think I'm going to the library tomorrow to find some books to read on Forex trading. I'm going to try my best to learn how to trade this.