[walterw]

Hello everyone, today I came across a post by a very new member mkp14 , he shared a very nice chart with a simple fibo retracement but with a very nice old technique from dr. bob (I dont know if you got to know him ).

He was originally a woodies cci club member and went on his own with the two very interesting setup techniques 5014 and 5034....

I did trade woodie cci some years ago, then drop it not for being a bad aproach, just wanted something more price pane oriented, I remeber going thru dr bob 5014 aproach wich has a lot of sense but I never really traded the aproach because I was already on my M stuff having nice success....

Now, today as I see this chart from mkp14 I did got curios again to see a 50 cci on my chart, what would it look like and what information could I get that would be interesting...


For My surprise I found something not related to normal CCI traders... and I called it : "50 cci momentum" what it means is that if your cci gets far from 0 you have momentum, if its near to 0 no momentum....


Far from 0 will be above +50 below -50 lines... if you are between +-50 you dont have momentum.

I theoretically aplied a 50 cci to a 233 Tick chart from russell, so that would be a 500 cci on a 23 Tick chart wich I feel very confortable to scalp.

On the example below, you can notice that when cci went above +50 and stayed above that level we had a very nice steady trending condition, as he went back between +-50 things got choppy....

This could sugest a nice "context" analisis....

Having that context per example you could take "Trend Trades" playing the dips and continuations....

Again, the spirit of looking to this type of indicator would be to understand market conditions and take profit from it (not become an indicatorist).... cheers Walter.