BLong
Commodity Channel Index (CCI)
WLong
ALong
EUR.USD Daily Short then Long. 13 CCI divergence, fib targetsCCI divergence favors some move down in price. 38.2% retracement of upmove Nov 11 - Dec 3-4 is at ~~ 1.201, which may be a good first target. But if price demands also want a small wave 5 up, where small wave 1 began early Nov., and if little w5 up is at least as big as w1, another good target could be ~~~ 1.24 (fib > 224%) or a fib 314% target ~~ 1.26
Political and monetary decisions this week should reduce uncertainty but we'll have to stay current reading our charts. Posted chart is what
BLong
EUR.USD H4 Short 13CCI tlbThere have been multiple signals on H4 from 13 CCI trendline breaks, each requiring teeny stoploss and having potential targets easy to spot/reap. The price action is trying hard the whole time to say UP, but until it gets above 1.1826 and H4 CCI shows a divergence, the price may still attempt to reach H4 targets of 100p to 250-300p lower.
Since the moves are working and stops are so teeny, and there still is no diver., I've shorted again @1.1816 and 1.18080 . Current SL 1.182. If it is hit
EUR.USD H4 Short 13CCI tlb,100x13CCI still shows not divergence, indicating that upmove is not complete. But seeing a CCI tlb of up-trendline along with very tiny stop required, some folks are happy to risk that for a potentially big move down. Price complted an abc up, but be nimble for further move up
S 1.18315
SL 1.1838 or 1.1864
TP 1.1546 or a lot less. Exit when CCI crosses up thru a downtrendline
EUR.USD H4 Short 13CCI pattern, 13CCI tlb cross<zerolineS 1.183 or earlier. Took too long to draw/annotate chart
H4 EUR.USD has two CCI short biases.
First, the extended trendlines cross below the CCI zeroline, favoring downmovement. To catch a turn up early, monitor this crossing on lower timeframes.
Second, the CCI pattern is one I call hitchhiker's Short, because it resembles a hand signal with pinkie in the air (which by itsself is an early Short signal, then the rounded knuckles of a fist at a lower CCI level (~~100), then the thumb pointing
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
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 intersec
CLong
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
BEST COMMODITY INTRA-DAY WTI CRUDE OIL 30 M TRADING STRATEGY#1 Add CCI Indicator with default 20 setting.
#2 Add a CCI 0 level line.
How to Filter Bad Trades.
A - Bad: when price action makes CCI take a long time to go from -100 to + 100.
B - Good: when price action makes CCImake a quick straight move from - 100 to + 100.
#3 Buy when CCL breaks above +100 level.
#4 SL below CCI +100 breakout candle.
#5 Exit trade when CCI crosses below 0 level line.























