FXSniper's T3 CCI Trading System

FXSniper T3 CCI is a good indicator if it used with other indicator as confirmation. Actually it's a very nice indicator only if we can read and use it in a good and correct manner. I always use other indicator as confirmation or to support the signal given by this FXSniper T3 CCI indicator. Basically, the T3 CCI buy signal is given when there is crossover from the bottom (red bar) into the green one (green bar). But, for me, its not enough to give me confident to open my trade. So, on this post, I want to show you how to trade using T3 CCI with other confirmation.

1. FXSniper T3 CCI with trendline breakout

Trendline breakout has been my favorite trading tool. Any indicator will be good for me if it combined with this trendline breakout. T3 CCI also good if we use trendline breakout as confirmation. This method is good for scalping with 10-20 pips on each trade as the profit target. See illustration below.

 

FXSniper CCI Divergence breakout USDCHF H1 on June 13 2013

I was trying not to stick on one pair for my trading. I tried to look for any divergence signals on almost any pairs using my favorite indicator FXSniper's CCI. I will try to improve my self to recognize the divergence pattern and will learn to trade it every time. I use a trendline breakout to confirm the divergence and to open my position.

Here was the example of the divergence I spotted on USDCHF pair on June 13, 2013. I use H1 timeframe to trade but I always use the higher timeframes as the trend directions. I do not trade M15 or lower TF because there are many noise and false breakout on lower time frame. H1 is good for me.

 

Trendline breakout with CCI zero line cross confirmation

Trendline breakout probably is the easiest trading technique. It can be profitable but if we don't careful, it also can kill our account quickly. There are many false breakout out there. The idea here is to find out the confirmation by adding some other indicators. Here I want to share a simple technique based on Trendline breakout with CCI cross zero line confirmation. This method can be used for both follow the trend or counter the trend. If you use this method for counter trend, you must be careful and make sure divergences already exist. Forget the breakout if there is no divergence.

Indicators:

• Bollinger Bands (20 periods)
• FXSniper CCI (standard setting) Download
• M15 timeframe or higher

 

Trading hidden divergence using FXSniper Ergodic CCI Trigger

On my previous post I've written about how to trade using FXSniper Ergodic CCI by utilizing the crossover only. Like many other oscillator, FXSniper Ergodic CCI can also be used to detect divergences. And the safer divergence is hidden divergence. When price make higher high but the the indicator makes lower high and opposite. This method still use the cross over as the trade signal. The divergence will add more confident to our trade.

Scalping using FXSniper Ergodic CCI indicator on M15 time frame

A good forex strategy has to be simple and not confusing with so many indicator. As long as protective stop always used on every position and we keep discipline to stick on the system, I am sure your will end up in profit. Here I want to share another simple system that can be used for everyone. This system uses FXSniper Ergodic CCI indicator only. We don't have to know the trend using another indicator such as MACD, Moving Averages or predict how the price will move etc.

How this system works:

OK since there is no such indicator that works 100 percent, you must keep in mind that some times, your stop loss will be hit and this does not mean this system does not work. The basic system of this open the trade when the FXSniper Ergodic CCI cross over.

How to trade overbought zone FXSniper CCI

The idea of this system is when price is leaving the overbought zone, we prepare our self to sell the pair. But, in many cases, the indicator can stay in overbought zone for long period and price still move up significantly. That's why we only trade SELL when CCI leaving overbought zone and entering the +100 zone. This system will give better result when hidden divergence exist,

How to trade hidden divergence using FXSniper CCI in safe way

Trading using FXSniper can be done in several ways. We can trade using Zero line cross over only, tight stop loss and stick with it. Or, we can add another technique but still based on FXSniper CCI. Like another oscillator indicator such as Stochastic, FXSniper can be used to detect divergence.

Simple System - How to trade using FXSniper's CCI

FXSniper's CCI is truly a powerful indicator if we know how to trade with it. Woody 's CCI Club is a popular trading club which help other traders to success in forex with their own system based on FXSniper's CCI. But here I do not want to discuss about Woody's trading system. I want to show you how to trade with FXSniper's CCI in a dumb way. Sorry but its really simple system that anyone can follow it. But off course stop loss always used tightly.

Rule:

• Buy when FXSniper's CCI cross above zero line
• Sell when FXSniper's CCI cross below zero line

Other traders suggest to wait the second bar to open the trade as confirmation but I think we can open the trade immediately when CCI cross zero line, as long as our stop loss is placed few pips below or above previous high or low. See example below

Please note that its wiser to check the stop loss position before we enter the trade. If the previous low or high that we use for stop loss is too far, its better to wait to the next signals.