Doc bob trades using the 50 CCI with a 14 CCI turbo for trend trading.
Doc bob introduced me to the 50 CCI early 2005. Because of the way I use all
my charts for the trade decision process I may not be strictly adhering to
his rules. Regardless the combination of his trade guidance and multiple time
frames charts give me confidence and a comfort level. I suggest that you look
at Doc bob’s site www.tradershaven.net for additional details
and clarification. There is an entire section devoted to Ensign templates solely
for 50CCI trades with a 14 CCI turbo with special attention to doc bob indicators.
There are only a few trades: the 5034, the 5034 Z, the 50140 and the Olm trader
sling shot. See
Doc Bob web site is www.tradershaven.net. You will need to register, for downloading training videos and etc. There is also discussion and other information. I maintain a Yahoo group called packard1958 (no space) in addition to the Ensign forum.
Brief description of how I use doc bob trades:
I only use a 50 CCI with a 14 CCI turbo. I use price lines rather that candles or price bars.
I take the following trades only, the 5034 (white arrow on charts) the 50140,
the sling shot and what I call jump on the train, when I see momentum with
out a signal in the right place I use a total of at least 12 charts on my screen
when trading an individual future. They are described in the www.tradershaven.net
ensign forum. Also included are comments how I use all the other charts for
what I call trend trading with confirmation. I try to explain what I use getting
into or out
of a trade.
Attached is my template. Nothing is considered confidential. All are pure basic Ensign design your own studies (DYOs). It will work with any time frame or symbol.
I am a trend trader. Meaning I do not take counter trend trades. Sure I miss
Your chart properties screen will need to be adjusted to allow price line charts.
explain why I like the price line rather than bar or candles under the traders haven ensign forum.
Attached is a sample chart with comments
If you go to doc bob's site far more information, chart examples explanations of trades are there. Just to much information to be handled here.