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Commodity Channel Index (CCI)

USDCHF Daily This is why we should waitThe price move in these situations is not convincing for a downmove , even if CCI crosses an uptrendline, until CCI gets below +100. This was described on previous chart. I pushed the short entry because I was sleepy, and stopped out. Actually I'm happy that happened, to show you why I need to wait for CCI to get inside +100 before I short. I'll be ready to short again should CCI cross below 100 soon But no need to post it because you now now what to look for.
Education
by nicker
GBPJPY 240 min CCI tells.Current ShortOn H4 chart, there has not yet been a CCI regular divergence with price. If CCI does across up through the down trendline (tl) on CCI, that would be a Long signal. (even if it does, usual CCI patterning warns there might well be a retest down a little before a strong upmove). Until then, GBPJPY is still signalling short based on 1. previous short signal (CCI break down thru and up tl) 2. no CCI diver 3. apex of CCI trendlines is well below 0 (zl) Price likes to rise again to form a higher right shoulder, so I would keep a close eye on shorts. The point of this post is to illuminate trustworthy warnings. Tho H4 is not yet showing Long, I would be watching lower TF's for early reversals of the 3 points listed above, and be ready to take an aggressive entry long using a small stop
by nicker
SPY: Probability of 0.618 Retracement is HighThis market is full of uncertainty. It runs around looking for stimulus after the "trade talk progress" no longer makes it happy inside. It needs answers to the bad data, the contradictions found between fact and fiction; facts of economic slowdown coupled with the fictional, false narrative that the economy is strong. Market needs a strong daddy. I expect more volatility for the coming weeks, and the FED will come out and tell the market what a good boy it is what with a strong economy / labor market and all, and thusly give it some candy and a five dollar bill. The market will cheer up, wipe the tears away and go play the games that only it understands - but it may occasionally fall and scrape its knee from time to time. In all seriousness, just look at the resistance at the 280 level. Since last January we have had only two breakouts yet seven resistance pullbacks. We are far extended above the 100 day VWMA, the 100 day CCI rejected the 100 mark, and the fisher gives us a bearish divergence. Only good thing it has going for it is FED day and the "trade deal" which can and will be postponed indefinitely like a carrot on a stick. Lets see where this goes, I suspect we hold the 0.618 level at 270.
AMEX:SPYShort
by Derivati_Capital
6
Correlation Coefficient + CCIPictured above is a graph of Royal Dutch Shell vs brent crude, the correlation coefficient between them, and the commodity channel index tracking the volume weighted moving average of Shell. I tested this indicator on a few energy stocks: RDS, MRO, BP and XOM. Negative correlation between brent crude and an energy stock coupled with an overbought CCI seems to give an indication of price reversal. Here we see two overbought CCI readings coupled with negative correlation, both followed by massive drops in the price of BCO and RDS. Likewise we see negative correlation coupled with upward CCI readings pointing to massive price rises in RDS. Seems to work on daily time frame as well but indicator length will need to be tweaked accordingly. Correlation coefficient going negative is an indication of pricing inefficiency and momentum potential, but does not give us an indication of price direction. The commodity channel index can give us a sense of where price momentum is pointed. Both put together give us a powerful indicator capable of foreshadowing both momentum and direction.
REducation
by Derivati_Capital
Possible USDWTI Long position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 Days Actions on - A – Activating Event Commodity consolidating above the 200 mva and has reached a condition of being oversold.If we see a break above the 53.10, a long position may be an option :) B – Beliefs Market move towards the first Target 1 level @ 55.40 FX_IDC:USDWTI Trade Management Entered @ Sign up for details Stop Loss @ Sign up for details Target 1 @ 55.40 Target 2 @ Risk/Reward @ 3.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
FX_IDC:USDWTILong
by SMPTrader
Uranium futures is crossing MACD and positive CCI - now to find UX1! Where is the good yellow cake deals? Technology will be good for next 5 years here, so look at CCJ today for entry signals and pass along your ideas @Pokethebear (I'm not supposed to be here). When will V (Vanadium) get it's own futures symbol, anyone? What's the metrics here, when was last futures metal added? Why do you like and not comment. Not looking so good: SI1!, HG1! Looking ok: GC1!, and iron ore whatever symbol that is...lol
UShort
by Pokethebear
SEDG - Solaredge Technologies12/26 MACD cross-over with CCI entry crossing 0 on weekly candlestick chart. Solaredge Technologies is down from peak of $68 and showing entry point at $38.03 on chart. Market Cap value $1.65B Enterprise value $8.4B Total debt -0- Free cash flow $150M Sales growth rate: 22% Expected value: $3.3-3.5B About: SEDG Israeli Solar company SolarEdge Technologies, Inc. offers an inverter solution for a solar photovoltaic (PV) system. The Company's products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company's power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. The Company's solution consists of a direct current (DC) power optimizer, an inverter and a cloud-based monitoring platform that operates as a single integrated system. Recently partnered with Google using Google assistant for EV charging and 6x faster charging. World's first EV Solar Inverter. Request needed for a 10-year back-up battery for 10-hr. house charge and ability to rapid charge EV, we're almost there.
NASDAQ:SEDG
by Pokethebear
Support for nowHello, folks? How's everything going? I truly hope you didn't have any long position on BTC. Not too long ago, I said it would be wise to short despite that one day rally that made me lose a bit of money (stop losses are wonderful things!). Today, I'm here to say that the $4,600 area is likely to be one in which price will go sideways for a little while. I affirm this because the 1h chart shows that price dropped rather gradually, there was good volume at the lowest point, and there is diversion between the CCI and price movement. If you are looking to go long, maybe there is an opportunity here, but definitely not for expressive gains. I'll take 3% gains anytime I can, believe me. My overall sentiment is bearish until the charts tell me otherwise. As Alexander Elder has said: "A man who falls off the second floor of a building is not going to walk anytime soon." Have a blessed day!
BITFINEX:BTCUSDShort
by barrbudo
GBPUSD to spot Divergence and Trend Reversal1. Black support line broken = down trend started 2. Blue Line is the original Resistance or "Top" where price would reject from it 3. Red Line is the original Support from down trend where the price would reject from it 4. orange line is the "New Top" from down trend where the price would reject from it 5. 3rd support broken and price move below the red line as i marked with yellow triangle, that is where the abnormal price is happen and as you can see CCI and Stochastic created Higher Low 6. DO NOT REMOVE THE TREND LINES so soon 7. Price broke Orange Trend Line, CCI(30) crossed 0 value, then broke the Blue Trend Line (The Original Down Trend Line) 8. Absolute Bullish Reversal we spot there.
by andrewlimanto77
[QTUM/BTC] COULD BE A REAL SURPRISE [ 50-250% PROFIT]#QTUM / BTC ( Bittrex ) Buy Range : 0.00059-62 Stop Loss : Not recommend Target 1 : 97425 Target 2 : 153132 Target 3 : 270262 WEEKLY CHART : - RSI touched oversold zone and now its pushing high - MACD is lossing bear momment and starting to show positive action DAILY CHART : - RSI touched very oversold zone and shares a bullish divergency - Supported by EMA20 - Downtrend broken and new pattern spotted - CCI turned into GREEN - MACD continue climbing and sharing positive action 4 HOUR CHART : - RSI looks overbought but it could extend positive mommentum - MACD and CCI looking to do another leg up after small retracement - RSI divergency visible on this timeframe too. - EMA20/MA50 below candlesticks and MA200 is being testing right now. - Big volume action on the last hours - Ichi cloud broken and offerin support
Long
by MikeCryptoSignals
USDTRY: Daily swing trade opportunityWe have a nice swing trade op in this pair, go long at market, stop loss should be placed below the recent low. I think the pair has room to rally back to resistance (see red line on chart). Linear regression and speed lines help us, along with oscillators and bar by bar analysis, as well as the use of RgMov, to determine the trend and where trend following or short term reversal opportunities arise. I'd say the odds of success here are big, but given the tight stop I wouldn't risk a full unit (your maximum risk per trade) but rather risk 1/4 of it for now. The same signal is active in the $EURTRY pair, but since I'm trading the $EURUSD pair separately, I'm only focusing on $USDTRY for now. Best of luck, Ivan Labrie.
Long
by IvanLabrie
8