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
http://www.dacharts_dachart_dacharts_dachart.com/articles/olm_CCI_Slingshot_Theory.htm
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.