New Trading Systems - Think Tank

[rimshot]

Glen - regarding Jaws question about you CCI-MA system for selecting the trade directional bias, why would it call for Jaws to enter a short yesterday? ... the dominant trend ID on the daily, weekly and monthly charts using your CCI-MA system calls for long exposure, and that has not changed based on the overall CCI locations relative to the zero line and the +100 line for the multiple CCI-settings using the daily, weekly and monthly charts...

a short exposure decision based on the 60-min or shorter chart period is fighting the dominant trend ID using your CCI-MA system when applied to the dominant daily chart ...

this usually calls for entering trades with the direction of the dominant trend ID to improve the odds, regardless of whipsaw the 60-min or 30-min charts are suggesting for potential trades

thanks for answering Jaws, but I think you may have given him a less than useful answer to the profitable manner to make trade choices when using your CCI-MA system

Art Hill's SPY 60-min chart, as an fyi ---



chart #2 - I see the CCI-10 now resides at +24.21 as of the Aug 22nd close, which is below the +100 level on the daily NYA chart