This is so FUNNY... I have developed the same system as CD! Absolutely the same (except exit rules)... and here we go, here is the thread with more than 1600 posts discussing it.
All the glory to the guy who started the thread, (I don't mind), my glory is my account. I've traded it for exactly 1 month and I have 200% growth of my account. I trade part-time, risk only 1%, and only with 1 pair. Since, nobody shares his results here, I don't really know if my exits are better than CD's, or not.
FLAMENCO - good to see you here! I see, you are like a guru here - that's great! Nice bike by the way. EVERYONE - listen to FLAMENCO; he knows what he's talking about.
Although, my system is similar to CD's - I don't use any of his indicators! I use MAs instead. 34sma and 170ema - they show the same stuff as CCI does. in this case, I save screen space. (for those who don't know: 170ema on 1m is the same as 34ema on 5m - you don't need to change charts). I don't use RSI - sometimes it saves you, sometimes it LAGS a lot ,and you lose. it is my personal preference.
I trade 170CCI when it crosses 0 line on CCI, and I trade 34 crosses in the same direction - here I take 25pips and don't wait opposite crossover. anyway, look at my picture. so I trade both: long-term and short term - if I mess up with 34crosses - long term will cover this mess, but if they both work well - you double your results! (again see the picture - or check the history).
I also agree with Flamenco - I don't use any Fibs, pivots and S&R - sometimes they help, sometimes you miss lots of pips. or actually I use S&R on higher timeframes - but it's a different topic.
I'm not sure where CD's system comes from, I developed mine from "Elite" by Waterflame - you can learn a lot from there.
here is one of my usual days of trading: enjoy
All the glory to the guy who started the thread, (I don't mind), my glory is my account. I've traded it for exactly 1 month and I have 200% growth of my account. I trade part-time, risk only 1%, and only with 1 pair. Since, nobody shares his results here, I don't really know if my exits are better than CD's, or not.
FLAMENCO - good to see you here! I see, you are like a guru here - that's great! Nice bike by the way. EVERYONE - listen to FLAMENCO; he knows what he's talking about.
Although, my system is similar to CD's - I don't use any of his indicators! I use MAs instead. 34sma and 170ema - they show the same stuff as CCI does. in this case, I save screen space. (for those who don't know: 170ema on 1m is the same as 34ema on 5m - you don't need to change charts). I don't use RSI - sometimes it saves you, sometimes it LAGS a lot ,and you lose. it is my personal preference.
I trade 170CCI when it crosses 0 line on CCI, and I trade 34 crosses in the same direction - here I take 25pips and don't wait opposite crossover. anyway, look at my picture. so I trade both: long-term and short term - if I mess up with 34crosses - long term will cover this mess, but if they both work well - you double your results! (again see the picture - or check the history).
I also agree with Flamenco - I don't use any Fibs, pivots and S&R - sometimes they help, sometimes you miss lots of pips. or actually I use S&R on higher timeframes - but it's a different topic.
I'm not sure where CD's system comes from, I developed mine from "Elite" by Waterflame - you can learn a lot from there.
here is one of my usual days of trading: enjoy