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Learn to trade profitably with us. Attend our Mentorship program to equip yourself with cutting edge tools to stay ahead of the curve. Description: No matter which financial instrument you trade, be it equities, commodities or currencies, there Description: One of the most popular momentum oscillators used by technical traders is the Slow Your email address will not be published.

Here we will have a look at some of the best CCI trading strategies of all times: 1. Abhijit prefers to define himself with the 3is — investor-trader, instructor and influencer. He offers unparalleled services in both training and advisory. Recent Posts. Description: Simply put, volume is the total number of shares or contracts traded during a Description: Volume is one of the most important parameters when it comes to gauging the Description: The basic nature of prices is to trend.

Leave a Reply Cancel reply Your email address will not be published. I prefer to further filter the signal with other simple technique, for a conservative entry: a trend line breakout. If you adopt a conservative trading style , a smarter method would be to wait for a confirmation from the price. Despite the fact that we spotted a divergence on the chart and the CCI was clearly overbought, we filtered these signals with a trend line breakout.

The price closing below the lower trend line of the channel confirmed the valid signal and the downward momentum. A bullish CCI divergence is also on the table, with the price making lower lows, while the CCI indicating higher lows.

1 Hour Bollinger Bands Cci Forex Trading Strategy

We enter a long position only after price closes above the trend line. This strategy will filter a lot of market noise. In combination with a basic analysis of support and resistance , CCI is reliable not only in trending markets but also during ranges.

Another common strategy used by traders is to take signals on CCI technical indicator around the 0-level. This leads some people to think when the CCI crosses the 0-level to the upside that the trend up, and when the CCI drops below the 0 level, the trend is down. This is an incorrect way to interpret the CCI. The CCI around the 0-level just evidences the indecision in the market. This will often correspond with many whipsaws and price action in a trading range. I prefer to ignore the 0 level and add a long-term moving average on the chart, in order to filter the bad signals.

As in the previous strategy, I will confirm the signal with a break of a trend line. For this setup, I plotted the CCI on the chart, but not with the default settings of I used a period CCI for a smoother line on the chart. I also applied a simple moving average, not on the price , but on the commodity channel index. Once the trendline is broken to the upside, the momentum will shift, as more bulls will enter the market. Scalping is one of the most used trading methods.

This trading technique is used by both experienced traders and market beginners. The main aim of scalping is to obtain small incremental gains that add up to a large profit, rather than big gains from a small number of trades. I prefer to use the CCI index in combination with pivot points and look for breakouts in the direction of the main trend.

How do I determine the market breakouts? By drawing trend lines on the Commodity Channel Index. The technique of drawing trend lines is subjective, is not a precise science. This method is simple: you draw straight lines on the CCI indicator connecting support points for an uptrend or resistance points for a downtrend.

A valid trend line should connect two or more support CCI points that define the trend. You also need to determine the main trend. I prefer to add pivot points on the chart. Pivots Points are an accurate indicator, as the most market participants are watching and trading these key levels. Part of what makes the Pivots Points so reliable is the fact that they are based purely on price.

Above we have the Dow Jones Index on the 1-min chart. We determined that the daily outlook was on the downside, as the current pivot point is lower than the previous day.

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We started looking for breakouts on the CCI. This setup generated 2 valid signals. Ideally, we also want the CCI to close below the 0 level, for a safer entry point. This time we have a long bias for the day, as the current pivot is higher than the previous one. The first trade that we lost took place during Tokyo session.

Although it was a valid signal, the market volatility was pretty low during that session. Maybe you should take signals occurring only during London and New York trading sessions. The key is to enter near the pivot point. If the signal occurs in the middle area of the central pivot point and S1 or R1, I would avoid taking that trade. Also, remember that this is a scalping system and you should always be prepared to exit the market quickly.

The main advantage of this day trading strategy is that we take positions only in the direction of the main trend. The strategy involves two basic steps:. For determining the main trend we will use the Keltner Channel indicator. Keltner Channel is a combination of an exponential moving average and the Average True Range indicator. Identification of the market trend is one of the most important roles of the Keltner Channel. The indicator is used by most traders who want to trade in the direction of the prevailing trend on the market. In order to smooth the signals offered by the Commodity Channel Index indicator, I prefer to add a moving average to the indicator.

1. What is the Commodity Channel Indicator (CCI) indicator?;
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By adding a moving average on the Commodity Channel Index chart window, I seek to take quality crossover signals. The first signal occurred rapidly and it was a successful trade. These levels depend on the risk aversion on the trader. I prefer to add a trailing stop once the price moves in my favor.