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CCI Canaccord

625.00
0.00 (0.00%)
28 Mar 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 625.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Canaccord Share Discussion Threads

Showing 251 to 273 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
28/7/2008
10:31
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.

fivesboy
28/7/2008
09:48
Morning fives - sorry to hear about youy daugther but its usually a good age for a recover with such young bones so hope it progresses well.

I was finding myself starting to take to many trades in the wrong place. I have now put tema (21 period) back on the chart with blue down moves and green up up moves. It find helps a lot with discipline of not enter and closing to early. I am using it as a confirmation with CCI trend lines and chart trendlines. Working very well at the moment.

henryatkin
28/7/2008
08:14
This thread has been quiet. How is everyone doing? I am back but will be distracted. Daughter finally back from hospital but she is in a plaster that de-mobilises her lower body. Things could have been a lot worse.

Missed the start but am having a reasonable day. Really focusing on making sure I have a good setup before entering a trade. I know you should be doing that all the time but it's so easy to make assumptions about what you see.

fivesboy
24/7/2008
21:42
Henry and Minky, thanks for info. My two year old daughter broke her leg on Tuesday so have been in hospital since. Averted an operation which is good news and she is coping wonderfully well with the whole ordeal. She has been stuck in traction and is dealing with the whole thing much better than I would and I understand what is going on which she doesn't. Am missing the trading big time though so getting a quick 'fix' now.

It seems a lot easier to get volume info on the US indices generally. Will look into the livecharts volume. Sounds interesting though I find it difficult enough at the moment to follow the price / CCI and SMI on one screen without having to look at a different screen for additional info. Still, it's very useful info. I have a lot of learning to do when I get back!! That should be, even more learning! Very good and enjoyable though which will lead to it being profitable, I know.

Thanks for all your input.

fivesboy
23/7/2008
11:12
Minky ... if you go to the youtube link on post 250 of 257 you will see the reason I am looking for volume. Just to give confirmation of how much strenth a move has. I have now found a site that gives free 1 mim charts with volume. It's on:


An example of its use is value is at 11.36 today there was a downwards move of five consecutive red candles. Looking at the volume it was low and so I did not follow the trade and guessed correctly that the price would probably go back up. Trade entries and exits are best done on good volume.

Fives, if you use the above chart along with CMC beware that CMC is using ftse cash and Livecharts are using futures so there can be a few points difference. Sometimes the future follows the cash and other times its the other way round. But may be of use to us in the future if we can see patterns develop.

henryatkin
23/7/2008
06:07
Morning each,
I think volume only really relates to shares (but I might be wrong)so you are probably right in looking for share volumes. On the other hand if short trades and long trades, with accompanying price for the fTSE were available it might be more meaningful. The index itself has to be recalculated from the change in price of it's constituents so share changes might give a little advance notice. I use Capital and even on the minute chart the bias moves against you very quickly in narrow ranges particularly. Henry advises against trading in narrow ranges.

minky
22/7/2008
09:54
Not sure about sharescope - will ask smarm, who has sharescope pro. The LSE dosn't release index volume datafeed so any numbers would have to be computed from 100 individual companies data which I would think would be quite straight foreward for program boffins. Think I will do a bit of looking into it.
henryatkin
22/7/2008
09:34
That's what I'm finding though I'm up mainly using CCI trend as confimation with price trend breaks. Also recent trend down break after double bottom seems good ghough it needs to get past the previous lower high to confirm that.

Volume would be great as that snp500trader is referring to it all the time and other pros refer to it a lot, as does TNT and that Rockeffeller lady. And it does seem intuitive to use it. I know ADVFN doesn't provide it on UK indexes but it has it for the US ones. Does something like Sharescope provide it do you know?

fivesboy
22/7/2008
09:17
Bit of a difficult day for me - to many trades and to little price movement. I'm sure a volume indicator would be huge assistance but CMC don't offer one that I can find.
henryatkin
22/7/2008
09:08
Great detail. Thanks for the explanation.
fivesboy
22/7/2008
06:52
Fives ... re my third trade - the trade was opened at around 9.15 and closed at around 10.15; at a time when the the price was bouncing at the top of the trend channel. If you draw a trend channel line from 08.05 to 10.30 that is what I had on my screen at the time. I had the top line of the channel extended into the future and it was at about 10.15 that the price briefly spiked up through the line and back down followed by two red candles. I could see the price possibly falling down to the bottom trend line so I banked 30 points whilst they were there. The danger is always on the cards that the price could not only retrace but end up falling through support. I waited for the price to pull back and re-entered my long term trade when the price showed a strong pick up at 11.00. So whilst I was following the long term trend I was exiting and re-entering on price action to maximise and safeguard profits.
henryatkin
21/7/2008
16:09
Henry,

Thanks for the link. Seems very good. I will go through them.

Glad I was along the right lines with my comment re: three higher lows being a pick up signal. I think I am definitely looking to trade too often by the sound of things, certainly with respect to the short term trades.

Thanks for posting your trades though the latter one has caused me a little confusion. Could you explain it in a little greater depth as I can't see why you exited when you did or why you didn't exit before as it seemed to break your exit rules before reaching 5380.

fivesboy
21/7/2008
11:50
Morning fives ... I've had a fantastic morning but first I suggest you take a look at this link to youtube. Robert Hoffman is a US pro futures trader and is in the process of building a mentoring website. In the meantime he is building up a fan base on youtube. He gives a daily summery of how he traded each day and what he is looking for in the next days action. Very, very informative. The best I have come across for free info. I have read through about half of his previous charts and have learnt quite a lot of new ideas. Well worth adding to favourite imo:



Today was easy for me:

08.01; 5355 short - closed 8.08 5311 (signal was green candle breaking above previous two candles.

08.54; 5347 long - closed 8.55 5341 (lost 8 points on failed breakout)

09.15; 5349 long - closed 5380 (long term trend break on cci chart)

I then took 7 more trades based on price action and 1 more on the long term trend and managed to capture the nice rise at mid-day.

In answer to your question on what I was looking for as a pick up firstly the three rising higher lows between 8.05 and 9.05 with a fairly flat top - suggesting the next big move will be up. Secondly the 20x20 crossover to the upside with a good break at 9.22. That said to me that a long term uptrend was likely to form.

henryatkin
21/7/2008
08:14
Pretty ugly start to the day for me. Have tried trading this ranging period on paper as the swings are quite wide but is very difficult so glad the SMI has kep me out of it on real trades. Seen the third higher low so are things starting to pick up? Keep watching for a pick up. Henry, what is the primary thing you look for that tells you things are picking up?
fivesboy
18/7/2008
11:27
Yup, first hour was quite good for me too. After 9 wasn't great until 10 o'clock which has been ok-ish but again the long term trend not great so far but it seems to have picked up again. It does seem to in my short experience to pick up again around 11 - 12.

Re: SOIL. Interesting though I'm a bit unsure of why you've taken this before the 123 is fully confirmed i.e with EOD data?

fivesboy
18/7/2008
10:52
I managed the first hour today before going out on our weekly shop - did quite nicely. I have taken out a daily short ETF on crude oil - SOIL. It has just given a Ross 123 - not a very convincing one - so wait and see if it holds. 8% downside if it fails.
henryatkin
17/7/2008
16:46
Well done Henry. I decided to clear my head and go out at lunchtime and come back this afternoon to trade and it worked. A good afternoon for trading. I think you're right, the most important thing is knowing when not to trade and which strategy to use when. Between 9 and 11 I was trying to force the trades that weren't really convincing whereas I should have seen that this was more favourable conditions for the longer term strategy and just wait until things picked up. A valuable lesson today for me.
fivesboy
17/7/2008
16:22
I have also had a couple of failed 123 trades lately. You have to be carefull about not assuming that when the patern occurs at the end of a trend that a new reverse trend will start. Joe Ross says that is not the case - it only confirms that the trend is complete and something else will follow. It could be a trading range, consolidation, retracement or a break in the original direction. I got caught out just after 12.00 today having gained 48 points on long trade I exited on a 123 confirmed by a CCI trend line break and close to a pivot line. The price ignored all that and kept rising. Thats the danger of not following the 20x20 but as it happenend the end result was the same so no damage done. Good day overall though.
henryatkin
17/7/2008
08:09
Hi, just learning how critical it is to your overall success to make those early big trades count. Got out too early on the rising trend when I assumed a retrace and it was actually a 123 catapulting upwards so missed out on a further 15 points on that trade. Also for some reason didn't go for the long term at the same time as opening the short so have missed out on seemingly at least 30 points. That would have provided a more comfortable cushion than I currently have. Frittered away early gains trying to catch trend breakouts coinciding with things like SMI divergence but market is flat and so am I now. Sitting and watching and waiting for SMI to pick up a bit of momentum.
fivesboy
16/7/2008
16:09
fives
....tea&toast ? not sure it's a bit catchy might prove hard to do
bit of a t&t day for me with one quick trade which i quickly backed out of,
cant complain its nice & relaxing, hopefully alot more action tomorrow

adyjudge
16/7/2008
15:12
Ady, Glad it's going well for you. I'm looking forward to the day soon when I only have good days or tea and toast days. Do you think TNT should copyright that phrase??
fivesboy
16/7/2008
14:36
hiya henry/fives & gang,

been doing mainly ftse trades myself & doing good
(well consistant profits anyway) low key day for me today only one quick trade but was +12 points so cant complain, working with a 5min chart so obviously trying to catch the bigger more consistant moves

its difinitely worth focusing on this especially during times like these

adyjudge
16/7/2008
14:19
well done fives, didn't trade myself today - had other things to do.
henryatkin
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older

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