When I met Ken Wood (Woodie known as) and his method of trading in a CCI indicator, I thought it was full of it.
I mean, some of the things he says are pretty crazy. For example, he speaks of him watching a marker for crackles.
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We all know that was the price indicators. It had to be to know the price after they had occurred on things. Well, it is true that the ICC late (otherwise the prediction of the future, and this is impossible), but there is no delayso great.
In addition, the IHK something that really helps. It makes things easier.
I mean, rather than bouncing all prices, you must have a single line. It. For each period (each bar, that is), there are four prizes, high, low, open and close.
The Woodie CCI, there is only one. The value of what the price is there. That's it.
So it makes things much easier. Then, when you look at some of his models to look (as well as theReject the zero line or the Spirit or the other), you notice something.
All these models show fundamentally sound business opportunities in the movement of prices (through the support and resistance concepts in the rule).
Woodie recommends only using the CCI indicator is priceless. I'm going to contradict him. Well, a little '. That's the point.
Need to align with the market. You have to understand what seems like a good spirit. You can only do so to look at the price at whichAt the same time, and gain an understanding of what makes the market.
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