How about the exits...? what are the rules for exits...?
And money management..?
Rules for Exiting Trades using Woodies CCI
Woodie's exit signals are the same for all of Woodie's patterns. Below is a list of Woodie's exit
signals: "The key is to find the one that meets your trading style"
CCI Exit Signals
1. CCI hooking or going flat ----> When the CCI 14 is hooking or in a horizontal direction.
2. CCI Trend Line Break (TLB) ---> When the CCI 14 crosses over a trend line.
3. Turbo CCI crossing into the CCI ---->When the TCCI 6 crosses over the CCI 14.
4. CCI cross of the zero-line (ZLC)---> When the CCI 14 crosses over the CCI zero-line.
5. CCI hook from extremes (HFE)----> When the CCI 14 hooks at or past the CCI +/-200 region.
6. CCI not moving / no progress-----> When the CCI stops progressing in the direction of our trade.
7. Profit about equal to hard-stop---> Profit in ticks reaches about equal to that of hard-stop loss.
Woodies has described in detail all exits in his videos DVD-6..refer to DVD6...its quite big file about 200MB.