Comments on: CCI – Basic understanding

By: Webinar: Short Term Momentum Trading (Page 4) - Traders Hideout | Big Mike Trading

Fri, 22 Mar 2013 14:50:33 +0000

[...] There is a detailed series of articles on the CCI here: CCI – Basic understanding | Tucker Report [...]

By: Sodhan

Sodhan — Mon, 24 Dec 2012 03:03:27 +0000

Any indicator even ccl are useful in a zig zag trend not in uniformed angle trend.Zig Zags are indicating long term investors not confident fine riding trends long term investors float above five month average.Let cci be used by swing traders with short term view not exceeding a month.

By: Chuck Jacobs

Chuck Jacobs — Thu, 01 Mar 2012 17:21:38 +0000

I followed Ken Wood’s website for years, bought his DVDs, did the whole thing. It’s pure garbage.

By: Sodhan

Sodhan — Wed, 04 Jan 2012 13:41:18 +0000

Cci can capture average velocity of a trend but not acceleration which is captured by MACD histogram.

By: Craig

Craig — Thu, 05 Aug 2010 13:11:54 +0000

Doug, you’re a bitter idiot. It’s about making money, stop taking it personal just because some people like an indicator other then your favorite.

By: Stock Indexes little changed for week as Gold bubble continues to grow | Tucker Report

Sun, 22 Nov 2009 03:16:35 +0000

[...] CCI – Basic understanding [...]

By: John

John — Fri, 13 Mar 2009 03:50:43 +0000

Thanks for demystifying the cultist BS around CCI.

By: Lon Henderson

Lon Henderson — Sat, 17 Jan 2009 17:16:31 +0000

On my own (with a little help from another trader) I have been using cci for several months. I am unfamiliar with Ken Wood so have no comment on his methods. Your explanation of cci is excellent in my opinion and your criticisms ring true in my experience.
I have definitely made money using cci, but on the wrong day, it can mislead you down the wrong path. So, for me, it is just part of the big picture approach I try to use. So, in the category of fwiw, I use Bollinger Bands, generally set on 20 period with a 3 deviation. (However, on the things like SSO or QLD, a 2 deviation appears better.) A 67sma (dunno where that one originated or how that can be dissected) has been a very useful line on a chart too. When the 67 and a Bollinger edge line up, that can be pretty good support or resistance in my experience. And then, I have cci on a 14 period ( but after reading this, I will spend more time tweaking that) I have found ZLR to be mostly useless. cci is a nice simple line to identify a possible pattern, imo.
I try to keep it simple (no doubt a comment on my own IQ). And finally I look for basic patterns. Put all these things together. If I get several indicators to line up, I stick money into the trade.
Frankly, these indicators are just tools, like cutting a board with a power saw; you have to measure, use a straight edge, pencil to mark the line and finally saw. Use tools in conjunction with each other. What is really tough is what is going on between your ears and that is where my real battle never ends.

By: truong giang

truong giang — Thu, 04 Dec 2008 16:26:06 +0000

thks! pls tell me that how many indicator in your chart?

By: ngula

ngula — Sun, 22 Jun 2008 07:22:30 +0000

Hi,

I think you guys are all a bit too critical of wcci. As you are all saying yourselves, the ONE indicator is actually made up of a number of others: MA’s, BB CCI, etc. Woodie has simply identified patterns which indicate entry, when all the indicators are in agreement.
In actula fact, you guys are knocking the indicator, not the man. Go to any other site, and you will find indicators being rubbished.

Regards.
Ngula