Learn&Earn

14 pips for 0.66% profit.
hope the explanations help.
1. prices below day open line
2. lower high lower low
3. sell cci below -100
4. tp above support zone

Hi,

I took this entry half-way through the NY am session. I thought I would try an H1 chart. I had bearish hidden divergence and the three EMAs had fallen into their 'correct' order for a bearish trend. I was hopeful...

...but ended up taking a full loss. Price poked through the BO level a few times but never really caught the down trend and then reversed on me.

So out of the three trades that I took today two were breakevens (where price made it 75% to TP) and one was a full loss. I'd really like to turn this around!

Cheers,
pipShine

1. prices below day open and resistance zone
2. lower high lower low
3. sell cci below -100
4. tp above support zone and brn

1% profit for the day done

whatever,
can you please share why you choose close price instead of typical for cci?

We made a lot of tests when were creating this system. There is no big difference in crosses of +100/-100 zone between close and typical cci. We found that close cci is the most suitable for this way of use.

Do you find typical cci better for this system?

Not really.
typical looks smoother.
but close lets you see the 123 pattern clearer.

maybe can watch gbpusd now whether bounce down from day open and brn.

after identifying the trading zone, the rest is just waiting and watching .................

only the 2nd one according to rule

GA sell with BO and 2 CCI signals @ London, small TP (nearest support), big SL (nearest swing)
Is everything right?
Thank you!

look left.
you sold around yesterday's open and low which is support area.

price is testing the support turned resistance zone.
always sell at resistance, buy at support.

for the latest trade

now that eur and gbp are in the red below the day open, it is typical to look for retracement to day open or yesterday's low or even day pivot, if the trend is not too strong.
that's the zone to observe. not necessary to sell but watch what price is doing. and be aware of the news.

for any further discussions, we need more participation from the traders. that's all for now.
cheers.

gbp is weaker than eur now. looks like gu and gcad are trending nicely.
ga and gn looks like going to break support.
but do not chase. wait for retracement.

We’ll see rejection first then trend continues

I like this trading system, but why keep adding indicators?