CCI Divergence Breakout Strategy.

[ayusri]

very nice but the use of the system is too complicated with a variety of indicators and trading systems in the area is very confusing to wait for confirmation the various indicators are very slow and it was plain that the indicator comes sellau late this has made ​​us much too tired to wait when all the systems it has been confirmed reversed course late and therefore we use the most simple.

[warnisw]

thanks for share, i am trding pure price action, i am not using cci, and what the settings for cci?
this strategy is profitable most the time, but many times gives wrong signals as well, like once candle closes, price bounces backm, but use stop los and profits will be on your side

[Nabi Ahmed Gill]

Hi! here's a new strategy, Have a look.

Name : CCI Divergence Breakout Strategy
Timeframe : 15 mins and above
Indicators : CCI (Commodity Channel Index)

Understanding Divergence:-

This strategy uses hidden divergence and price action to take a breakout trade. Divergence is the one key indication in the market that can be useful and is not lagging. It is a sign of a market reversal coming up in the near future. Understanding and making use of divergence will help a technical trader greatly when analyzing the market.

Note : On my CCI, I always connect my peaks (tops) never the bottoms (dips). It is critical that you watch the video tutorial below with this strategy to understand it fully.

Long Breakout :-

- Price must be trending downwards
- CCI must go towards the upward direction and bounce
- After a bounce on the CCI, connect your high peaks on your price
- Aggressive : At a clear close above the trend line enter long
- Conservative : After the trend line is broken, wait for a pullback to the trend line to enter

Short Breakout :-

- Price must be trending upwards
- CCI must go towards the downward direction and bounce
- After a bounce on the CCI, connect your dips on your price
- Aggressive : At a clear close below the trend line enter short
- Conservative : After the trend line is broken, wait for a pullback to the trend line to enter

Stops:-

- If your trend line is not that steep, you can keep your stops at the high/low of the breakout candle.
- If your trend line is steep, keep your stop at the swing high/low
- If your trend line is medium steep, keep your stop at the low of couple candles away Exits
- 1:1 Risk to reward. If your stop is -12 pips your limit should be +12 pips.
- Open 2 lots. If your stop is at -10 pips, once your trades goes in your favor and you're at +10 pips, close 1 lot and let the other one run.

Exit at Support and Resistance levels :-

- Exit at the nearest 50 or 00 level. These are psychological levels. (make sure your exit is at least the same number of pips as your stop, otherwise dont enter the trade)
- Trailing Stop. Once in a trade, at the close of each candle, place your stop 1 pip below the low (if in a buy trade). Vise versa for sell trade.

Short Example:-



Long Example:-



For Detailed Explanation Watch the video:-



Thanks!!! Happy Trading!!!

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[mazzr]

Hi! here's a new strategy, Have a look.

Name : CCI Divergence Breakout Strategy
Timeframe : 15 mins and above
Indicators : CCI (Commodity Channel Index)

Understanding Divergence:-

This strategy uses hidden divergence and price action to take a breakout trade. Divergence is the one key indication in the market that can be useful and is not lagging. It is a sign of a market reversal coming up in the near future. Understanding and making use of divergence will help a technical trader greatly when analyzing the market.

Note : On my CCI, I always connect my peaks (tops) never the bottoms (dips). It is critical that you watch the video tutorial below with this strategy to understand it fully.

Long Breakout :-

- Price must be trending downwards
- CCI must go towards the upward direction and bounce
- After a bounce on the CCI, connect your high peaks on your price
- Aggressive : At a clear close above the trend line enter long
- Conservative : After the trend line is broken, wait for a pullback to the trend line to enter

Short Breakout :-

- Price must be trending upwards
- CCI must go towards the downward direction and bounce
- After a bounce on the CCI, connect your dips on your price
- Aggressive : At a clear close below the trend line enter short
- Conservative : After the trend line is broken, wait for a pullback to the trend line to enter

Stops:-

- If your trend line is not that steep, you can keep your stops at the high/low of the breakout candle.
- If your trend line is steep, keep your stop at the swing high/low
- If your trend line is medium steep, keep your stop at the low of couple candles away Exits
- 1:1 Risk to reward. If your stop is -12 pips your limit should be +12 pips.
- Open 2 lots. If your stop is at -10 pips, once your trades goes in your favor and you're at +10 pips, close 1 lot and let the other one run.

Exit at Support and Resistance levels :-

- Exit at the nearest 50 or 00 level. These are psychological levels. (make sure your exit is at least the same number of pips as your stop, otherwise dont enter the trade)
- Trailing Stop. Once in a trade, at the close of each candle, place your stop 1 pip below the low (if in a buy trade). Vise versa for sell trade.

Short Example:-



Long Example:-



For Detailed Explanation Watch the video:-



Thanks!!! Happy Trading!!!