is a strong uptrend confirmed, therefore traders should open a Buy position. The author advises to use forex sri lanka brokers CCI for entries and exits once CCI reaches /-100. We can add up to a Short trade and hold till we find that CCI rises back above -100. If we erase #2 event from the chart, we're trading in an overbought zone and continue to hold out Long position). Since 1980 when CCI indicator was first introduces, traders have found lots of ways to interpret CCI and expand trading rules.
3 - The moment CCI exits 200 zone we should close all remaining Long trades and look to Sell. The moment it entered there, we could have placed a Buy order, since we know that a strong uptrend has been established. 4 - As price exits from an overbought zone, we close all Long positions and can immediately open Short positions / add to existing Short trades opened at point.
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Hold on to a Long position, but prepare to exit as soon as beautiful tall candlesticks yield place to smaller reversal candles with long shadows and small bodies. At the same time, should we never witness CCI above 200, we'll be still holding our Buy position open, because CCI continues to trade inside an overbought zone. All those methods and views will be cover here. Real_Woodie_4, fX_Snipers_T3_4, fX_Snipers_Ergodic_CCI_4, cCI_Email_4, indicators built around CCI: Forex_Freeway_4, mTF_Forex_Freedom_4. Da nærmer det seg vår sse på 6 uker Nå står Hamar for tur og messen er full Riktignok ikke den største, men uansett veldig flinke utstillere som kommer. Designed for commodities, CCI has quickly found its application in other markets including Forex. Let's walk through the numbers on the screenshot below: 1 - CCI is in an overbought zone.
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