Checking the TL every single day and I see that you re following the same strategy. Good to know that we are on the same page. I used to my system, but yours look cools anyway. So I may give it a try disregard some negative comments people are leaving out there.
I took this trade which went against me for 43 pips..I had in mind a cut loss of 50 odd pips and luckily price retraced back up and I took partial profit and the rest stopped out at b/e....I was feeling bored and so I played the game just before the monetary minutes
This method works just to cast your doubt away..you just need to improvise a bit according to your level of market knowledge which you have to learn from your own experience..sure you make losses on an off day but remember you can make it back the next day..just remain disciplined and have trust in yourself..
so when you trade the 5 or 15 min, my next most important tf is the 1 hour..take a look where the cci is....if it's below 0 then taking a short using the M5/M15 is in line with the current trend and the chance of a winner is in your favour and if the 4 hour cci is also below 0 the odds increases for a winner if short..an entry short would ideally be taken the candle closed where I drew the vertical red line..and yes the red cci (14) can be used for adding entry in a strong trend..that's about sums up this method..nothing complicated