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Trading Multiple CCI Time Periods
Mon, Feb 9 2009, 09:46 GMT
by Mark Whistler
WallStreetRockStar.com
Within Forex, there’s something professional traders call, “chasing indicators.”
Sadly, so many retail traders – with the mindset that trading Forex profitably is easy – fall victim to this destructive attitude and unfortunately, constantly find themselves behind the curve as volatility kicks in.
However, there is another way to trade.
In this special report, traders will learn why “chasing indicators” is such a losing game, while also seeing how they can begin putting indicators on their side to overcome destructive volatility that overwhelms most trader daily.
One Indicator with Three Kings to Assist Traders
Here, traders will also learn three important parts of the larger equation to becoming profitable. While the discussion on Multiple CCI Time Periods is not a “one stop shop” for completely understanding the larger universe of currency trading, using the indicator correctly can help traders when markets are offering little guidance.
Within this report, traders will learn:
- How to identify trend.
- How to use the Commodity Channel Index (CCI) correctly to avoid simply “chasing indicators.”
Download here the Two Time Frame CCI Indicator code for MetaTrader / MetaEditor.Published on
Mon, Feb 9 2009, 09:46 GMT
WallStreetRockStar.com
| 102 Old Stone Hwy, East Hampton, NY 11937
http://www.wallstreetrockstar.com/ | mark@wallstreetrockstar.com
Legal disclaimer and risk disclosure
PairsTrader.com, Inc. LLC, [WallStreetRockStar.com, FXVolatility.com and Mark Whistler] ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The principals, analysts and employees or affiliates of Company may hold positions in the stocks, currencies, and/or industries discussed here.
You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies.
The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you.
In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice.
Examples presented on Company's website are for educational purposes only. Such setups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax adviser to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVERCOMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
ADDITIONAL NOTICE TO FOREX/CURRENCY TRADERS
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial adviser if you have any doubts.
THE INFORMATION AND STRATEGIES IN THIS BOOK DO NOT MAKE ANY PROMISE, OR GUARANTEE. MARKET CONDITIONS CONTINUALLY CHANGE AND THUS, INFORMATION PROVIDED IN VOLATILITY UNLIMITED COULD CHANGE AS WELL.
YOU SHOULD SEEK PROFESSIONAL ADVICE PROACTIVELY, DURING AND AFTER ATTEMPTING TO IMPLEMENT ANY STRATEGY/INFORMATION NEW TO YOU AND YOUR TRADING KNOWLEDGE, OR STYLE.
NEARLY 95% OF ALL RETAIL TRADERS LOSE.
PLEASE DO NOT ATTEMPT TO TRADE FOREX IF YOU FEEL THE AFOREMENTIONED EVEN REMOTELY APPROACHES YOUR RISK TOLERANCE. THE BEST ADVICE TO MOST INDIVIDUAL'S CONSIDERING TRADING FOREX – IS UNLESS YOU HAVE PROFESSIONAL HELP – DON'T.
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