ENTRY ADVANTAGE - the CCI

[2George]

Recognition of a situation developing and a possible trade entry is very important for the trader. It does not matter if you are a day trader or a reversal, swing or trend trader or indeed any combination. We all need to recognise the safest entry.
It is always easy after the event to recognise an entry but I believe there is controlled and safe method to assess the exact degree of risk of a trade at the time.
I have spent over 30 years trading, with the last 5 or 6 looking for a reliable indicator that will alert me to high probability trades.
The one I chose was the CCI as it was designed as an oscillator to check if a computer was counting correctly.
The CCI had many secrets to reveal.
As it is an oscillator, it shows divergence. All oscillators show divergence to some degree, but the CCI also gives us peaks/resistance levels and troughs/support levels. These are not always the peaks and troughs on the chart as the CCI assesses the correct levels in real time.
This combination of divergence with supports and resistances will transform your trading.
The attachment is an illustration of how it can help you.
The one single thing I would add to this is that the use of trendlines is necessary. Trendlines for getting the safest entries and exits are based on open prices, that is they are drawn over bear candles and under bull candles and ignore spikes.
If there are any of you that need some help with the CCI, I will be pleased to give assistance.
Be safe in your trading, don’t guess.
Regards,
George

 

[options]

Hi George.

Am I missing something? The chart has no cci shown.

 

[gamma]

Good Post! George, but I concur with Options I cannot see the CCI
its probably a simple mistake.
Its a subject I am interested in so if possible if you could correct the above

 

[2George]

All

See attached, I've put on the overview and just to emphasise the point, it is not the colours that make the entry safe, it is the level at which these colours are created and the direction of the indicator. If the price is going down and the CCI is going up, then it will turn quickly at some point and it is picked up by the smaller CCI.
Every timeframe has its own template.
Differing ways of trading (swing/scalp etc) have differing rules so if you use, or intend to use the CCI, and there is something I have not explained fully, then please get back to me.
George

 

[mechtraderpro]

Recognition of a situation developing and a possible trade entry is very important for the trader. It does not matter if you are a day trader or a reversal, swing or trend trader or indeed any combination. We all need to recognise the safest entry.
It is always easy after the event to recognise an entry but I believe there is controlled and safe method to assess the exact degree of risk of a trade at the time.
I have spent over 30 years trading, with the last 5 or 6 looking for a reliable indicator that will alert me to high probability trades.
The one I chose was the CCI as it was designed as an oscillator to check if a computer was counting correctly.
The CCI had many secrets to reveal.
As it is an oscillator, it shows divergence. All oscillators show divergence to some degree, but the CCI also gives us peaks/resistance levels and troughs/support levels. These are not always the peaks and troughs on the chart as the CCI assesses the correct levels in real time.
This combination of divergence with supports and resistances will transform your trading.
The attachment is an illustration of how it can help you.
The one single thing I would add to this is that the use of trendlines is necessary. Trendlines for getting the safest entries and exits are based on open prices, that is they are drawn over bear candles and under bull candles and ignore spikes.
If there are any of you that need some help with the CCI, I will be pleased to give assistance.
Be safe in your trading, don’t guess.
Regards,
George

Great post George... The power of multiple CCI is the way I trade, along with more home made indicators to lock in on the concept of CCI.I suppose it is different settings for different methods, and although I now trade a simple method with CCI. It took me years to perfect, I trade with multiple indicators, and some say this is not the correct way, but it works for me ! and of course not for others.So I am greatfull of all those Hours in front of the screen learning !.. New people to trading dismis CCI... but I think that such a powerfull element as CCI is one which any trader should not ignor

 

[2George]

Good

Thanks. Some use multiple timeframe charts to get the overall direction but I use the CCI on the higher setting. The OS/OS areas are different of course but the CCI has so many benefits, Donald Lambert the creator of the CCI would be proud that his creation can be intrumental in beating the 'markets'.
I used to use the CCI with stochastics and I found that very good for low risk entries but it was very labour intensive.
Interestingly I have heard of a guy who is currenly attempting to make an MT4 indicator based on the S&R of two separate but timeframe specific CCI's so that will be interesting if he can come up with an alert. He says it needs optimising for particular timeframes as all of the others he has tried have failed. We will see!!
George

Great post George... The power of multiple CCI is the way I trade, along with more home made indicators to lock in on the concept of CCI.I suppose it is different settings for different methods, and although I now trade a simple method with CCI. It took me years to perfect, I trade with multiple indicators, and some say this is not the correct way, but it works for me ! and of course not for others.So I am greatfull of all those Hours in front of the screen learning !.. New people to trading dismis CCI... but I think that such a powerfull element as CCI is one which any trader should not ignor

 

[Grey1]

We all need to recognise the safest entry.
It is always easy after the event to recognise an entry but I believe there is controlled and safe method to assess the exact degree of risk of a trade at the time.

really important message.

Perfect entry = zero risk

CCI or MACCI is a good start but very very basic OSC.. CCI is not adaptive to underlying market cycle,,

There are far better OSC in the market for the seekers ( not plugging any 1's OSC )


grey1

 

[2George]

I am a specialist on the CCI, its settings and levels and as I have looked at them all over many years, I have 100% faith that it does its job.
As with any indicator, you have to know about what it does, and importantly, when it does it.
The basic setting on any oscillator is of general use.
I used MACD for many years before I found the CCI.
Whatever your choice, good luck.
George

really important message.

Perfect entry = zero risk

CCI or MACCI is a good start but very very basic OSC.. CCI is not adaptive to underlying market cycle,,

There are far better OSC in the market for the seekers ( not plugging any 1's OSC )


grey1

 

[mechtraderpro]

really important message.

Perfect entry = zero risk

CCI or MACCI is a good start but very very basic OSC.. CCI is not adaptive to underlying market cycle,,

There are far better OSC in the market for the seekers ( not plugging any 1's OSC )


grey1

Sorry my friend but that really depends on the way trades are taken, from your perspective then that may be true, and I acknowledge that fact. But different traders have different methods that work; I for one do not believe traders all trade the same way! , and all with the same indicators, and nor should they !!..One trader’s indicator is another’s useless piece of kit!. Its all in the interpretation, what really matters is that your trading method (however it is arrived at) works for you. It does not matter if the said indicators are popular or not, or that another trader has found no use for that indicator.

 

[options]

What would you suggest then Grey1, that was worth a second look?

 

[Grey1]

What would you suggest then Grey1, that was worth a second look?

I would suggest to look into more intelligent and adaptive OSC from MESA which can be found for free on the net ( Dr Ehler's research work )

By far better than CCI

Grey1

 

[options]

Thank you.