DislikedAs I alluded to earlier, and here it is again, there are many instances where the CCI34 crosses zero before the CCI170, RSI is above 55 or 56, HA candles agree and the M5 also agrees (and sidewinder). But because the 34 crosses first, many would say its not a valid setup and could not be traded under the strict rules of FX Prime. And I agree.
However, as I wait and watch, it appears to me that I will want to trade some of these other moves where CCI34 crosses zero first.
So what I've done is add some moving averages to my chart...5, 15, 30 and 60 to represent the larger time frame trends of the M5, M15, M30 and H1. When the moving averages begin to separate with a clear move in price, as they have done in the chart below, and there is clear trend in CCI34 and 170, the RSI and HA agree on M1 and M5, I'll be considering a trade.
On this trade i was looking for a move between 1.2991 and 1.3077, the next fib level...about 86 pips in the range. I'm looking for 10 to 20.
I just closed 50 pips and am done for the day. A 317 pip day. Whew. Thanks Canadian_Dude, you are now on my Christmas card list.
It's a variation of the FX Prime rules and hope it's appropriate to discuss and post it here. If not, let me know and I'll limit my posts to the strict rules.
Cheers
CanuckCTIgnored
hmmm.....