伍德是一个有着25年经验的日内交易者,在emini标准普尔500和纳斯达克emini100这样的指数期货商中非常有名。他的系统是基于CCI指数所形成的一些模型。但是也是一套与大部分以指标为基础也有一点不同的的系统,不管大家认可与否,毋庸质疑,这套系统在日内交易中取得很大的成功。
CCI本身是动量指标的一种,这类指标的工作原理大致相同,即观察快线和慢线的变化。以MACD为例子,它就是通过来观测快速移动平均线与慢速移动平均线的来判断行情变化。CCI指标中,快线反映价格本身变化,慢线反映移动平均线,在CCI中我们所看到的是实际测量的价格与移动平均价格的偏差,正常的幅度是在-250到250之间。下面的图表可以说明这个情况:
我们画了一条14周期的EMA线,用橙色表示,14周期的CCI线,蜡烛图下面的部分。请看图表左下方,价格加速突破EMA线,同时CCI也突破了零线。等价格巩固后EMA也同步追近,CCI也开始向零线回落。其后价格再度上杨,但是这次的幅度并不向前次那么大,CCI也没到达前面的高度。在这种情况下价格创新高但是CCI却没有跟进,这种分化其实预示着上升动量在减弱,上涨可能就要结束了,至少是在当时是这样的。
"woodies CCI系统概述了许多根据CCI指标可以交易的图表模型。这个系统设置起来很简单,以14周期的CCI为基础即可。有些woodie追随者甚至仅仅只看价格代替指标进行交易,当然我们不推荐这么做。
最通常使用的一种伍德CCI模式就是“ZERO LINE REJECT”(0线拒绝),CCI从零线处大幅反弹。假设我们已经知道CCI预示了未来会发生什么,那么可以发现零线反弹的时候也正是市场价格从均线反弹的时候,CCI能够为我们的交易提供进一步的确认。下面的GBP/USD图表就是对上面所述的情形的说明。
图中红色区域标住的地方就是CCI从零轴线位置反弹的地方,请注意同时CCI还给出另外2个交易信号让我们确认可以买卖了。
1。CCI运行在零轴线上方,对比蜡烛线看看已经是连续第6根了。这说明目前整体趋势向上,长线交易的机会来了。此时如果你回过头来想想CCI意味着什么,其实这只是一个基本常识,意味着CCI运行在均线上方。
2。由许多蜡烛线所形成的CCI趋势线已经被向上突破,这可以被认做是零轴线反弹的确认。CCI常常被看做是一种领先指标,在价格向上突破之前,CCI趋势线被早已被突破了。这就是CCI清晰向我们展示只看价格+MA不能得到的信息,可以通过cci知道,就是说cci比price+ma高级。
这样一来一共有3个交易信号提示后市有继续上涨的可能,趋势线的突破其实是最后一个入场信号。进场之后该什么时候平仓呢,伍德CCI也给出了答案。根据你的操作风格可以有2种办法:
1。CCI高于200或者低于-200时候,这被认为是一个极端的信号,预示着市场会有所调整。从进场时刻开始的第一条阴烛是第一个也是最保守的出场机会。
2。如果打算交易得久一点,那就等CCI回到100的时候再跑路。此时上涨的动力已经没了价格要回落。
一般的交易者用伍德的这一套系统都只看3-5分钟的图。如果你交易外汇的话我建议看图周期应该长一点,就30分钟的图为例,1个小时以内有大概80点的空间.
Trading Forex with Woodies CCI
Woodies CCI system is particularly popular with futures traders, but can it work with forex? We look at what the system is, and how it can be applied in the currency markets.
What Is Woodies CCI?"Woodie" is a day trader of 25+ years experience, and is well known among traders of index futures such as the EMini S&P 500 and the EMini Nasdaq 100. His system is based on a number of patterns made by the Commodity Channel Index (CCI) indicator. Its a little different to most indicator-based systems, and traders tend to either swear by it or swear at it, but there is no doubt that its creator trades very successfully with it day in day out.
The CCI itself is a momentum indicator. Such indicators all work in the same basic fashion - they plot the difference between a "fast" measure of price and a "slow" measure. The MACD for example, measures the difference between a fast and slow moving average. In the case of the CCI, the "fast" measure is the price itself, and the "slow" measure is a moving average. Thus when we look at the CCI, what we are actually seeing is measurement of the deviation of price from its moving average, normalised to fit on a scale of roughly -250 to +250. A chart example will make this clearer。
Here we have plotted a 14 period Exponential Moving Average (EMA) - the orange line - and a 14 period CCI - the lower graph. In simple terms, the "0" line on the CCI section of the chart can be thought of as representing the EMA, and the CCI line itself (the yellow line) as representing the price.
Thus we can see that at the extreme left of the chart, as the price accelerates through its EMA, so the CCI crosses above the zero-line. When the price consolidates and the EMA catches up with it, so the CCI starts to fall back towards the zero-line. The price rises again, but this time not by as great a magnitude as the previous move, and this is seen on the CCI graph by the CCI rising but not reaching its previous high.
This "divergence" between the price making a new high and the CCI failing to do so is a signal that momentum in the up move is slowing, and that the move may be over, at least for the time being. This is essentially how all momentum indicators work.
"Woodies CCI" system then, outlines a number of tradable patterns made by the CCI. His chart setup is simple enough, at its most basic he uses a 14-period CCI, and thats it. Some followers of Woodie even take the price of their chart, preferring to trade from the indicator patterns alone - although we dont recommend this. The Woodie patterns fall into two main categories, trend following and counter trend.
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