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Commodity Channel Index (CCI)

EUR.USD 240 Min Short CCI tlb, Pitchfork Targets on 2 H&S TargetThough 13CCI on 240 min EUR.USD has a higher low, the currently operative signal is Short from CCI crossing down thru an uptrendline and the exit signal will be CCI crossing up thru a downtrendline. The pitchfork targets match perfectly with both the small H&S target and the larger H&S target, shown by red + symbols. Caution tho, because news of additional money being sent to US citizens before election could change the charts
Short
by nicker
2
EUR.USD H4 Short 13CCI tlb, fib trgtH4 13CCI crossed down thru an up-trendline on the CCI. Given that, the entry short on EUR.USD is immediate for experienced eyes, or as soon as CCI came below +100 on CCI for conservative traders. The price now is on S/R going back thru July, and is on or close to a median line for pitchfork starting Aug 18, depending on your software. The S/R area may hold price up temporarily. A break below might aim for a 38.% retracment of move up from mid-June to Sept 1, 2020, possibly near price intersection of the 38.2% retr. line and the lower median line possibly the end of this week or early next week ~~~1.17-1.166 The exit would be a CCI tlb of an up-trendline or a fib target
Short
by nicker
10
CCI Divergence and Liquidation VolumeGLD and TLT led ETF redemptions in the previous 7 days indicating a shift away from defensive sentiment. SLV played catch up in July-Aug, ripping to 27.39. Among the price/volume family of indicators, CCI showed the most dramatic price divergence. CCI cooled down from 401 to 124.90 while price rose 25% in the same time frame. Using anchored VWAP from July 16th, prior to the face ripping rally, we can see that the average holder from that point in time is in the money, and the VWAP is behaving like support. From last week's blowoff top, Anchored VWAP is behaving as resistance. This week 's price channel is almost double in volume vs last week. This is a hands off moment to spectate the consolidation for rally participants who cleared their positions in the money recently. I am looking for a bigger pullback, otherwise I would rather trade other asset classes.
AMEX:SLV
by UnknownUnicorn3390306
EUDUSD 2 Hr Potential for Long with CCI diver, Fib. retr.The EURUSD upleg from May 25 to Jun 10 as retraced 38.2% of that price change, which is often a turning point for resumption of uptrend. During this price drop, 13 CCI has diverged, giving higher low, another checkpoint before price resumes any uptrend. If 100 CCI is > -100, that also allows upside to price. When the green trendline on 13 CCI is broken to the upside, That's the Long entry, whenever the other criteria have also been met. One more criterion, below, is necessary most of the time. (The exception is when a long explosive upmove happens, and takes 13 CCI above zeroline on the first move up) After a CCI divergence forms higher low, the price generally then needs to drop back to retest the low or go even some lower, but then the door is open for price to resume uptrend if it wants. You can watch the retest of price low, then all the checkpoints are in to be ready to go Long if price moves up, and both CCI's move up
Education
by nicker
2
ETHUSD 30M CAMARILLA PIVOT TRADING STRATEGYDay Trading Camarilla Pivot Trading Strategy Mean reversion day trading inherently has lower profit margins with Camarilla pivots. The reason behind this is very simple due to the proximity of the Camarilla points with the price action you’re left with lower profit margins. So, from the start, you have a handicap that as a trade you need to overcome. Trading is all about finding those situations where we maximize our profits and minimize the risk. That’s the reason why we prefer trading breakouts of the Camarilla pivot points. The profit potential is far greater. However, in order to confirm our breakout trade, we’re going to throw in another indicator. So, what’s the best combination with the Camarilla pivot points? The CCI or Commodity Channel Index can be used in combination with Camarilla points to confirm breakouts. Learn more about how the pro’s trade using the CCI trading system HERE. So, what are the rules to confirm the Camarilla pivot point breakouts? There are two rules: For bullish breakout trades above the resistance R4, we need to see a CCI reading of +100 at the moment the breakout happens. For bearish breakout trades below the support S3, we need to see a CCI reading of -100 to confirm the breakout. Note* an effective way to hide your protective stop loss would be below (above) the resistance R3 (support S3). You determine your own TP.
COINBASE:ETHUSDEducation
by Tradingstrategyguides
2