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Try this:
5-min chart, preferably NQ, ER, ES
CCI 50, EMA 20 and 34 : these determine trend
CCI 6 overlaid on CCI 14
Stochastics 5,3,3
A hard stop, at least 2 ATR (intra bar average true range); I prefer 3 or mroe
ATR; exit on CCI 6/14 crossovers, or extreme CCI readings, e.g. +/- 200, or
profit objective exits, or cross below or above zero on CCI 14 etc etc etc
daytrade to your heart's delight
for calmer, more subdued trading:
15-min chart,
CCI 50, EMA 9 and 30
CCI 14 and 20
stochastics 9,3,3
There are many who scoff at volume; not me, I've found volume to be a useful
aid.... not an indicator... most extremes or turning points are accopanied by
higher than average volume bar or bars... spike bar or bars; the inverse is
not necessarily true: a spike volume bar is not necessarily a turning point;
also variations in volume are useful, e.g. 2 smaller up volume bars sandwiched
between taller down volume bars indicate that the sellers are stillin control
etc etc
fwiw, blah blah blah
--- "Richard C., \"Rick\" Ritter" <rcritter@xxxxxxxxxxxx> wrote:
>
>
>
> FYI, interesting post!
>
>
> ----- Original Message -----
> From: Gary Wever
> To: HD_RDforDummies@xxxxxxxxxxxxxxx
> Sent: Friday, May 13, 2005 2:02 PM
> Subject: Re: [HD_RDforDummies] Re: Woodies cci
>
>
> I have said it once and I'll say it one more time:trading the CCI on 3 and 5
> minute charts is a one way ticket to the poorhouse. They should rename this
> poorhouse, Woodie's Whipsaw Inn. A 20 or 28 cci setting on a 15 min. chart or
> longer time frame has some merit for a market overview. But a 6 and 14 cci
> setting on 3 minute charts is great for the brokers, that's all. This is an
> "easy" trading method that appeals to newbies and idiots. Don't get away from
> it, run away from it. Gary
>
>
> --- In HD_RDforDummies@xxxxxxxxxxxxxxx, "polymaj" <polymaj@xxxx> wrote:
> anyone here use of have used woodies cci. I would like to get some
> input from other that those that are currently members.
>
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