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Are there any specific patterns you should pay attention too while reading the CCI, I'm not too knowledgeable about them and at this moment still quite confused with my new gadget :). There seems to be a recurring relation with a kind of head and shoulders patterns forming in the CCI and a price reversal, could be coincidence though ... other things I should be looking at ... ?
 
Quote from cvds16:

Are there any specific patterns you should pay attention too while reading the CCI, I'm not too knowledgeable about them and at this moment still quite confused with my new gadget :). There seems to be a recurring relation with a kind of head and shoulders patterns forming in the CCI and a price reversal, could be coincidence though ... other things I should be looking at ... ?
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Try looking for divergence between price and your indictors. As YH says, all of them works, I use MACD personally, since it was my THING when I was system trading, just pick one that you understands and understands well enough..

I think CF and YH would agree, price action first, indictors for supporting info :)
 
I think I'm getting the idea, but I still have to force my eye to see things the right way, it's like I have to look at things two or three times before I see them as I should, but seems to be improving, (used to be four to five times), like you said keeping on focusing on price action and adding the spice of the indicicator will probably be the right way, at this moment it feels a bit like all I see is this strangly behaving (at least most of the time) indicator.
 
well the divergence doesn't show up everytime, that's why PA takes priority :D

Coming from a indictors system trading background, I think this is a much better way to trade..
 
CF is properly in the wild shooting mother bears in their arses :D

I will try to do the same in the nearest starbutts...

will sign off now, everyone have a great weekend..
 
Quote from cvds16:

Are there any specific patterns you should pay attention too while reading the CCI, I'm not too knowledgeable about them and at this moment still quite confused with my new gadget :). There seems to be a recurring relation with a kind of head and shoulders patterns forming in the CCI and a price reversal, could be coincidence though ... other things I should be looking at ... ?
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Actually I can't say that it's CCI which makes the work best way.

All indicators work. MACD, Stoch. RSI, CCI... If you spend some time to learn their behaviour in different situations any of them can be great tools...

I personally picked CCI simply because it happened so that I spend a lot of time with it and also met Woodie and saw him trading it...

So for me CCI is da best simply cause I know it well...

If you are familiar with some other indicator you can just use that and its not only OK but can very well be even more effective.

As for CCI patterns, Goinglite (yoohoo's friend AFAIK) did a great work explaining them. His explanations can be found at http://www.trading-naked.com and http://www.dacharts.com along with many other CCI (and other indicator) setups.
 
Quote from Willleung:

CF is properly in the wild shooting mother bears in their arses :D

I will try to do the same in the nearest starbutts...

will sign off now, everyone have a great weekend..
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Nah Will, just a small walk... :p

Have a nice weekend!
 
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