This is the Famir, formerly known as the "shamu" (courtesy Woodie's CCI Club ). This pattern was named for the late Dr. Firouz Amirparviz (known by most as Famir), a cardiologist/trader who thought the shamu pattern looked like an EKG and considered it his favorite trade. The pattern was originally named a "shamu" because it looks similar to the famous whale jumping out of the water.

A prerequisite for the Famir is that is has a ZLR setup. A Famir is basically a failed ZLR (a ZLR that hooks back the opposite way) between the +50/-50 on the CCI. The technique is to buy (sell) the break of the previous swing high (low), or a break of the ZL, whichever comes last. Aggressive traders will buy (sell) the break of the swing high (low) regardless of whether the ZL has been broken.

As most traders who frequent madscalper.com know, I only take ZLRs that fit my sweetspot criteria, so it follows that I only take Famirs that result from failed sweetspot ZLR setups. An example is shown in the chart above, and a step-by-step discussion follows:

1) Observe the impulse wave on the CCI. Note the nice green sidewinder action while the pattern builds.

2) After 9 bars, I draw the sweetspot range. Note the continued green in the sidewinder.

3) I find my first hook in the sweetspot.

4) I will short this on a turbo cross of the CCI or ZL, whichever comes first. (No turbo cross occurs so there is no short execution)

5) I will go long the Famir when the CCI hooks back up and breaks the swing high on the CCI, which in this case is the ZL.

The Famir trade is a classic WCCI pattern and is a great addition to your CCI trading techniques. However, you must remember that every CCI pattern has potential to fail. Always use stops and be prepared for losses when using this technique.