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5.2 Commodity Channel Index (CPI) trading instructions

Commodity worth index lets in to establish when costs are out of their ‘commonplace’ buying and selling range. the best way during which we do this is by waiting for a studying above 100 if we’re buying and selling up (shopping for), and a reading below one hundred once we are buying and selling down (selling). on the other hand, before we use the Commodity Channel Index, we first of all should establish that a pattern is already taking place. We do this via using extra symptoms similar to transferring averages and the Momentum indicator. as soon as we’ve got a confirmation in each indicators that a development is going down, we use the CCI indicator to take the trade. Watch the whole forex coaching video to look how we use shifting averages and the momentum indicator to determine a trend and the CCI indicator for our entry.

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