Doc bob trades using the 50 CCI with a 14 CCI turbo.
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:
1. I only use a 50 CCI with a 14 CCI turbo. I use price lines rather that candles
or price bars.
2. 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
3. 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. It will work with anytime time frame
or symbol.
I am a trend trader. Meaning I do not take counter trend trades. Sure I miss
some good trades but I also have fewer bad trades. Patience is needed.