good system, but one gets some false signals. using CCI as help on that.
if bull has increasing CCI value from one candle to the next, and the third candle shows bear, it appears to be a false signal (same for bear)...look for retracement.
I take the trades when for example, the CCI is bull, but the CCI value has been declining for several candles, and then switches to bear. after the first bear closes, good time for a trade.
thanks EStrader
if bull has increasing CCI value from one candle to the next, and the third candle shows bear, it appears to be a false signal (same for bear)...look for retracement.
I take the trades when for example, the CCI is bull, but the CCI value has been declining for several candles, and then switches to bear. after the first bear closes, good time for a trade.
thanks EStrader