The last short signal it produced was back on 11/30/11, which resulted in a big winner (+11.48% TNA) when it covered 12/14. (It produced several winning long trades more recently) This latest short winner was +7.26%. The winning rate (winners:losers) of the CCI system remains above 90%. (!!!) It is proving to be a solid system. Here is my question to you... would you like me to officially track the CCI system on this page? That would entail dedicating some space in the boxes on the left side of the page, keeping separate stats, posting charts on occasion, and incorporating the signals into my daily system pre-close posts and tweets. Sounds like a lot of work, but it probably won't be that bad since CCI trades are less frequent (which means extra patience is required to follow! Hey, I know how impatient we humans can be. lol). Or, will you find having 2 systems here too confusing and/or cluttered? Please feel free to speak your mind below in the comments.
Getting back to reality, we're in yet another draw down period with my system. While our short signal did ok earning us over 4% in 5 days, I can only dream of the sweetness that could've resulted from holding my shorts just 1 more day. I will be the first to tell you my system is not perfect, but it still irritates me that it didn't produce a hold signal on Thursday. Lest this not happen again or I will ditch my system completely in favor of the simpler and easier to follow CCI signals. Haha... I jest, sort of.
We remain in healthy mode, although SPX is only ~10 points away from flipping this market back to unhealthy and stopping out half the long position. Can't argue with capital preservation.
BTW, stats have been updated (not including this draw down, which hopefully will be erased next week.) Enjoy the rest of the weekend. I should be around to answer any questions. Peace!
I vote "yes" for tracking and calling the CCI signals, here, as well.
ReplyDeleteI hesitate to ask you to do more work, but I think that posting CCI signals would allow followers to diversify. In other words, if one were to invest half the capital allotted to the J-Trader system and half to the CCI system, then drawdowns might be reduced with no appreciable diminution of profit.
ReplyDeleteOf course, it would be nice to see backtested results of the CCI system.
On a final note, have you thought about an RSI system. Pretty good results come from trading the RSI 2, going long when it goes below a certain % (like 3 or so) and then covering with it goes above a certain % (80 or so).
At any rate, I'd love to see the CCI system given space on this blog.
I would also like to see the CCI system. Personally I like system that do not flip more than few times in a month. CCI could be such a system.
ReplyDeleteMay I ask what are the rules of the CCI?
Yes, show both systems. I track many systems myself. The slower or infrequent signal charts are easy to track. Thanks for the work you do!
ReplyDeleteI would definitely like to see both systems as well. Thank you for all of your hard work!
ReplyDeleteJ would like to follow both systems if not too much work
ReplyDeleteThanks for the posting and information
Please track the CCI system on this page.
ReplyDeleteOk, this should be interesting...
ReplyDeleteA detailed post with stats and recent signals is forthcoming. As well as a slight webpage redesign to handle the new content.
Great, yet another system I have to follow...
ReplyDelete;)
I'm all for it. I think it would help us as a tool to check the J system or another system to trade all by itself.
ReplyDeleteThank you for adding the CCI system to your blog.
ReplyDeleteOne question: does the CCI system trade TNA because of the leverge, or is it somehow attuned to TNA? In other words, your charts show the system to be based on SPY. Would any SPY based instrument (SSO, UPRO, ES) work just as well?
Also, since the system is based on SPY, are you able to backtest it for an extended period?
No, unlike my system, the signals can be used for any ETF, index, or stock. I used it to make 10% in AAPL the other day. Of course, the massive gap up after earnings helped out a bit! :)
DeleteSo, while I favor TNA/TZA, certainly SPY can be used or anything that correlates relatively well with SPY. I will probably keep stats for TNA and SPY.
I've got about 4 years worth of data for SPY and CCI for backtesting. Would love to have more of course but it's a start.
J,
ReplyDeleteCan you explain the CCI status of "short only"? Does that mean it's not possible to be long (CCI wise)?
Correct berline, the current set-up is sniffing out shorting opportunities only. However, I'm making some progress on counter-trend trades under extreme circumstances. When I feel I have it nailed, I will nix the terms "short-only" and "long-only". That part of the CCI system is still a work in progress. Otherwise, I'm very happy with how it functions in its current state.
ReplyDeleteIs it just me, but when I click on the new link you posted above, nothing happens?
ReplyDeleteOkay, now I get directed to your May 4th tweet.
ReplyDeleteMuch ado about nothing. Now, i works fine. Sorry for the commotion.
ReplyDeleteNo prob... u were prob clicking while it was under construction. :)
DeleteHi,
ReplyDeleteGreat site! I'm trying to find an email address to contact you on to ask if you would please consider adding a link to my website. I'd really appreciate if you could email me back.
Thanks and have a great day!