21 Oct 2009 - Trading using daily CCI for GU Part 2

Daily CCI for GU Part 2.

Recall Part 1:
Trade Entry at around 12pm SGT as this is the start of a new daily candle.
Enter trade when CCI has been oversold or overbought ie -150 or +150 for not more than 2 days.

Part 2: When to exit
Exit when CCI punch out of the BB and did a first gradient change.















A close should be close if CCI re-enter the first line of BB.

To maximize profit,
for long trade, when CCI has punch out of BB, check if CCI is +ve, if yes, exit on next gradient change.
If CCI has punched out of BB and is -ve, wait for CCI to be +ve, exit on the next gradient.
Remember to close trade when CCI re-enter BB

for short trade, when CCI has punch out of BB, check if CCI is -ve, if yes, exit on next gradient change.
If CCI has punched out of BB and is +ve, wait for CCI to be -ve, exit on the next gradient.
Remember to close trade when CCI re-enter BB

Happy trading.