Which Moving Average on a 5min Chart?

[Soultrader]

I rarely find the RSI useful. The only setup I use the RSI is when there is price and RSI divergence at a pivot. The way you expalin CCI reminds me of TICK's and TICk trendline/channel breaks.

namstrader, is the 5min chart the shortest timeframe you use? Personally I found it to be too large of a timeframe to trade intraday. Probably because we have different styles.

[namstrader]

Soultrader,

I look at the 1 3 5 minute charts simultaneously, while also being cognizant of what the 240 60 30 15 minute charts are all saying. It is amazing how parallel channels complete with such symmetry on these longer time frames. And therefore I am constantly drawing trendlines on my charts throughout the intraday. I also watch market internals and now, with Market Profile with Daily Pivots, I seem to be more aware of the playing field and I have reference points to play off of now. I am still not profitable with consistency but I know I will be there soon. Watching and listening to you Soultrader, is taking me further toward this goal.

[Soultrader]

Thank you namstrader. I also plan to learn from various traders like yourself on any area I can improve. I believe we all have our strengths and weaknesses and is important we learn to improve our weaknesses.

For example, I mainly watch a 233 TICK chart, 30 min Market Profile chart, and a daily chart. I want to improve my analysis using longer time frames like the 60 and 240. I'm sure I have alot I can learn from you too namstrader.

[fxxx]

	Quote:	namstrader
	I myself eventually became disillusioned with so many different setups, with setups that were for prior setups that failed. I did become comfortable using the 34 ema as a fade when prices are not flat and there is angled pricing. I have implemented the cci and rsi with my own adaptations, as my lagging indicators. I use trendlines on the cci and rsi, when I see a 3 point trendline for both, and also a 3 point trendline on the ER ticks (which leads) I am prepared to a take position. Another setup I like is when a trendline of 3 or 4 points on the cci and rsi is broken, a explosive reverse has been observed to occur. Also when the cci stays below 100, or for some they use the zero line, or trendline break, a trade is exited when broken.

it's an old thread, but who can explain or show on the chart what Namstrader ment by 3(4) point cci/rsi trendline
thank you

[namstrader]

The upper indicator is the CCI and the lower one is the RSI. When you see these trendline breaks of 4 waves on the RSI, is occasionally explosive in a reversed trend to follow. Basically it is a breakout from a channel and sometimes is more visual to me with the CCI and RSI with their observed patterns they show often.

Also when I notice a 3 point line on either the CCI or RSI, this has shown a move is going to occur from the long side or short side.

I like to watch for divergences also with price at pivotal areas of support and resistance.

I played with watching the CCI and RSI for several years and I use to take signals exclusively from them. I no longer do this, instead it is just another tool that I have for confirmation or filter.

[bertg]

nams,

I assume you use 14, 6 for CCI. What settings do you use for RSI?

Thanks,
Bert

[namstrader]

Yes I do just like woodie.