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CCI Canaccord

625.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Canaccord LSE:CCI London Ordinary Share CA1348011091 COM SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 625.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 625.00 GBX

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Date Time Title Posts
02/8/201015:18COMMODITY CHANNEL INDEX338
12/12/200715:27Canaccord : Vancouver-based brokers2
10/4/200622:36canadian capital markets-
13/3/200608:48Canaccord Capital Inc.-
13/3/200608:47Commodity Channel Index in a rising channel-

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Posted at 26/8/2008 12:07 by henryatkin
Fives .... I look at the entire trend line first then I look at the last two peaks high or low. So in the case you mention there was a low at about 9.30 and another at about just before 10.00. It is the last line that I would usually use for short term trades/price action confirmation. Whilst I did use this myself to close my price action long position, I didn't go short. To go short with the CCI in positive territory I would have wanted to see negative divergence between the price and the cci as per the 9.10 reversal (double bottom, gap up and breach of the -130 line). Although as you say its counter- intuative I would rather bank a small profit rather than risk loosing it. I would then wait for the next short term trade entry signal to present itself. In the meantime I let the long term trades run.
Posted at 26/8/2008 10:10 by fivesboy
Henry,

Thanks for e-mail.

Question: When you are looking at CCI trendlines. Do you use the entire CCI trendline or only from where the CCI trend and the Price trend are in correlation?

For example today from about 8:37 today until 9:07 the CCI was trending up even though the Price was trending down. Would you use this part of the CCI trend as part of the uptrend to identify a CCI trendline break? It would seem counter-intuitive to do so as the price and CCI are not in line and hence CCI trend would not be indicative of the price uptrend.
Posted at 15/8/2008 15:22 by fivesboy
Hi Henry and all on here. It's been quiet!

As usual, just watching today though there was a good FTSE trend for around 11 a.m.

I wanted to ask how you play CCI and price divergence. It seems very often in a trend the price and CCI will go in the same direction then at some point the CCI starts diverging whilst the price continues in it's original direction. At some point the price snaps back into line with the CCI trend again so that they're both going in the same direction. Is there anything in particular you look out for to indicate when this happens?

I would also love to see your charts of the day you focused exclusively on Price Action and yoru simple rules. I've tried it and failed so there must more to it.

Cheers. TGIF!
Posted at 12/8/2008 21:07 by henryatkin
Fives ... Funny business, I find it easier to pull the trigger on CCI trades than I do with price action. I have spent today only using price action. I have made 51 points from 19 trades(4 loosing) by putting in some filters - confirmation. The day has done me a lot of good. I feel I could trade all day long even switching from ftse to forex. I kept to the one min chart and had a few simple rules written down in front of me:

Example as per long trade.

1) Enter when the bar close is higher than the previous two bars.

2) The SMI must be over +40

3) The CCI must be over +100 (130 is a bit too high for this)

4) In a ranging market or consolidation wait for a breakout. After the breakout wait for the next bar to confirm the trade with a higher high (1,2 & 3 must also still apply).

Exit - close the trade on a bar with a close lower than the previous two bars. Wait for a confirmation bar befor opening a short but remember that now CCI will have to be below -100 and SMI below-40.

The bars are the stop unless you choose otherwise


The two previous bar business is just something I tried that works after listening to a couple of day traders on a vido link somewhere - can't remember exactly where. I think it was probably the Tradeology websit free email trading course - very worthwhile if you can find time for it.
Posted at 09/8/2008 08:31 by henryatkin
Pukeko. I use different stop strategies depending upon the trade strategy:

1. For short term trades following a low moving averave or Tema or Dema I would use the previous two bar rule. For long trades the stop starts at the trade entry and follows the price. You exit if the price closes below the low of the previous two bars. For short trades exit if the price closes above the previous two bars.

2. For long term trades my initial stop would be the price cutting the 20MA. After the trade is established and running at a profit I let it run to exit strategy which is one of three:

A. MA 20 crossover with 20+8
B. CCI zero line crossover
C. The long term trend line break - not always obvious until you get used to spotting a coincidence of trend lines on the price chart and the CCI chart. As a guide if the trend line break is showing at a good distance above or below the 20MA it is not likey to be the long term trend and will probably have further to run. Long term trend line breaks tend to be fairly close to the 20MA and show on both the CCI chart and the price chart.

For long term trades I enter with three positions and exit each of them with a different one of the above three. It means that you average your exits and on occasions that one exit strategy gets you out too early the other two will likely keep you in the trade.
Posted at 07/8/2008 12:22 by fivesboy
Everytime I say things are tedious it picks up. It's just like London bus syndrome. I had a terrible start to the day. I too was off yesterday and coming back today I was breaking all the rules as I wasn't really in tune and focused. Then I started concentrating better and got back in and have ended up in reasonable profit so am delighted to have turned it around. I am finding focusing on the previous two bar prices really helps you focus on what you are doing ans assessing where things are going. Your number one tip for me recently. Thanks again.

Like the early trading thoughts. Would certainly keep you out of trouble although quite often some good action from the starting bell. I guess safety first is the order of the day.

Response from CMC re spikes: "The cause of the big dips today and yesterday in the UK100 were due to a bad price feed from our providers. If any of your positions are closed out due to such spikes from bad prices then CMC will reinstate your positions. If you have any further questions please do not hesitate to contact me. Thank you for trading with CMC Markets." -- Yup and that won't screw your trading strategy up!

Would appreciate in your e-mail a review of your rules of CCI as apart from watching it's general trend and seeing where a long term trend is broken, I don't use it that much. Sounds like it would obviously benefit me to do so. I am finding the long term strategy not quite as reliable as short term or price action now though when it works it works well. I think I need to be clearer on my confirmation signals for the long term strategy.
Posted at 07/8/2008 11:00 by henryatkin
Fives ... yes will get round to the email later today. I was also just watching & waiting for an early trade which didn't come. I am trying to stick with just Tema in the first hour and putting together some filters to keep me safe. So far I find the 32 period seems quite good. Don't trade the first 4 minutes. SMI must be outside +/-40 and CCI outside +/-130. Wait for the first Tema reversl before entering a trade. Reverse the trade after closing on the second bar colour change (I use blue for down periods and green for up periods). Try to confirm the trend reversal with a reversal on the SMI and/or a line break on the CCI chart. It does miss some decent trades now and then but if you can ignor that the results seem very positive so far. Having said that in the very early trades 08.00-08.30 ignor the CCI filter. Still early days for this one but I have to find something to keep me out of early losses and in for early winners.

The after 09.00 period Tema works just as good and the CCI long term trades are all working fine and making far more money than tema or price action. I didn't trade yesterday but have done well again this morning so far.

I also am going to reactivate an IG account. I will leave £1K in CMC to cover any trades in the event of IG going down. I recall MTGlass saying that he likes to keep two accounts open whilst trading. Seems a good idea.
Posted at 28/7/2008 11:31 by fivesboy
Hi Henry, Interesting re: TEMA. Good to have extra confirmation. I do use the price trendline breaks confirmed by CCI trendline breaks mostly at the moment although CCI can lead on this for a few bars. Seems to work well when there isn't too much consolidation which there hasn't been this morning.

I've been meaning to ask when you use price action to determine your trades, what are the main techniques you use (I know you use Ross 123s for example) and how reliable do you find them? I have a long list of learning with SnP500trader videos and Bulkowski bars and have been reading Rockefeller and Zweig's Your Money and Your Brain.
Posted at 03/7/2008 14:18 by fivesboy
Minky, yes. If your nerves could stand it the price jumps would have been good to get in at 13:54 after SMI anc CCI uptrend confirmations and a Ross 123 confirmed. All good in hindsight but U am staying out for now. Also intersting divergence between price and SMI latest lower lows. i.e SMI down a lot but price quite a bithigher from previous lower low. No divergence on CCI though.
Posted at 09/6/2008 14:39 by henryatkin
Fives .... not the best of days for me but still very profitable , which is the main thing. I didn't have time to sort out an email over the weekend but I have designed a new trading book for entering my trades. I have six columns: 1.Strategy - ie trend lines from CCI chart and/or the SMI chart.
OR 20x20+4
OR breakouts/price action
OR CCI fast trend strategy
2. Entry Price
3. Time of entry
4. Closing price
5. Time of closing
6. Profit/loss ..... I do not fill this in until the end of the day so I never know how well I am doing untill the day is over. This is a big relief of emotional stress. Especially if you know from memory that you got off to a good early day start.

So early trading today reading from left to right:

Trends. 5895 long. 0801. 5914. 0811
Price action. 5895 long. 08.01. 5908. 0806
20/20. 5895 long. 0811. 5893. 0818
Price action. 5912 long. 0807. 5914. 0811
Trend. 5914 short. 0811. 5897. 0822
Price action. 5914 short. 0811. 5897. 0822.

I carry on like that not knowing the running totals. I keep adjusting my settings where I think it may make life easier of get better results but I always keep three strategies on the go in any trading session. So If I want to try something new I will keep two of my original strategies and try an alternative or modification as the third one. The latest thing I am looking at is adjusting the blue horizontal lines of the CCI and SMI to see if I can find a better indicator to tell me when not to trade. I think this fine tuning and finding out what works in what markets will go on forever - a continuous learning process. Even finding out what dosen't work is worth its weight in gold. The joy of this is that I can't remember my last loosing day so whatever happens in the markets it seems you can still make money on a daily basis so long as you diverify trading strategies.
Canaccord share price data is direct from the London Stock Exchange

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