been watching 6e on a 3 range chart this morning since about 5:30 and there were 2 entries which were both winners and I'm just looking at the CCI crossing the 45 and confirming with all the stuff on price. This is the third day that I've done this while I work on other stuff. Pretty cool.
thanks for the information. However, I'm not understanding how you are counting the CCI 1-5. I've read the thread a couple of times and I don't understand ignore the lower numbers. How do you know which ones to skip to restart the count? Appreciate a clarification.
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Oh, I think I get it now after reading the examples again. We count from the current bar to the left trying to find 5 bars with higher numbers. I've been trying to read the numbers as the bar formed from left to right. Did I get it?
The key in understanding my system of the CCI trading is to understand that the CCI will most often show the reversals by using the numeric numbers to identify when the reversal will take place. Its not difficult once you have looked at enought charts. You never know when the trend has ended until the criteria has been met. The value of the CCI can be decreasing as if a reversal is about to take place, when the price continues in the same direction and the trend strengthens. Then the value of the CCI will be higher and this resets the count down, as we would now have a new high or peak in the price value. If the next value is less, that would be bar #1. If the next value is less-bar #2, and so on. Say on the 5th bar, new buyers come in and the value is higher than only the previous bar, that is then the new 4th bar. and continue to count and hold a live trade that continues to make money. EX: 277, 260, 214, 140, 299(new high bar), 280, 244, 210, 140, 155, 40 - close of bar would indicate trend has ended and reversal has started.
Hope this clears up any questions. See the charts. Good trading.
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