Let me say first, this is not original with me.
I took it directly from Dr. Bob's method for Emini futures.
Dr. Bob used to be a regular around Woodie's CCI Club and as far as I know, he devised this method.
I don't believe I've ever seen it seen it applied to forex before.
It seems to work really well- better than it does with futures. The breaks across 0 are a lot cleaner with forex.
The charts I am showing are GBP/USD 15M. Although it looks good on all time frames.
There are three types of entrance signals.
These will all assume a long entrance. Short entrances are the reverse.
1. CCI 50 crosses above its Zero line. The CCI 14 must also be above its zero line and price must close above the 34EMA.
2. First Zero Line Reject after the CCI 50 crosses above zero.
The CCI50 has crossed above zero. Then either the CCI 50 or CCI 14 falls below +100 and shoots back up.
3. Slingshot- The CCI 50 is above its zero line.
The CCI 14 dips below -75 , moves upward and crosses zero.
Exits are up to you. Dr. Bob couldn't make up his mind about when to exit either. The entrances are great though.
The loser on the right of the chart is a news bar, which I would not have traded anyway.
I took it directly from Dr. Bob's method for Emini futures.
Dr. Bob used to be a regular around Woodie's CCI Club and as far as I know, he devised this method.
I don't believe I've ever seen it seen it applied to forex before.
It seems to work really well- better than it does with futures. The breaks across 0 are a lot cleaner with forex.
The charts I am showing are GBP/USD 15M. Although it looks good on all time frames.
There are three types of entrance signals.
These will all assume a long entrance. Short entrances are the reverse.
1. CCI 50 crosses above its Zero line. The CCI 14 must also be above its zero line and price must close above the 34EMA.
2. First Zero Line Reject after the CCI 50 crosses above zero.
The CCI50 has crossed above zero. Then either the CCI 50 or CCI 14 falls below +100 and shoots back up.
3. Slingshot- The CCI 50 is above its zero line.
The CCI 14 dips below -75 , moves upward and crosses zero.
Exits are up to you. Dr. Bob couldn't make up his mind about when to exit either. The entrances are great though.
The loser on the right of the chart is a news bar, which I would not have traded anyway.