CCI Trading Strategy

Links:

https://tradingstrategyguides.com/cci...

In this conversation, Casey Stubbs introduces a day trading strategy using the Commodity Channel Indicator (CCI). He explains the background of the CCI and its use in identifying buy and sell setups. The strategy involves looking for divergence as a signal and waiting for the indicator to cross certain levels. Entry and exit points are determined based on the indicator's movements. Casey emphasizes the importance of setting stop loss and waiting for divergence before taking trades. He concludes by offering to trade the strategy live if there is enough interest.

Takeaways

The Commodity Channel Indicator (CCI) is a useful tool for identifying buy and sell setups in day trading.
Divergence between the CCI and price action can be a strong signal for potential trades.
Patience is important in waiting for the indicator to cross certain levels and for divergence to occur before entering a trade.
Setting stop loss based on market structure is crucial for risk management.

Chapters

00:00 Introduction and Live Trading Offer
00:54 Background on the Commodity Channel Indicator (CCI)
01:52 Identifying Buy and Sell Setups
03:23 Rules of the Strategy
05:09 Using Divergence as a Signal
05:40 Entry and Exit Points
07:04 Setting Stop Loss
08:32 Importance of Waiting for Divergence
09:02 Example Trades and Conclusion