{quote} Can you share your model please thank you!
- #25
- Feb 2, 2021 8:49am Feb 2, 2021 8:49am
Very good opportunity on GBP/USD (and GBP/JPY also) at the start of NY session. Price made a retracement on the start of the session, testing the level and later moved down fast with breaking the level and full CCI confirmation. Remeber, we don't enter before new session start. First candle of a new session often moves another way and can change the direction of the whole trend, so we wait for the session start to search our entries. We don't enter 30-45 mins before London and NY open.
- #26
- Feb 3, 2021 4:57am Feb 3, 2021 4:57am
Not a busy morning, but anyway we had some signals. Let's see a GBP/USD situation. We god a clear signal with BO and CCI confirmation. Price came to the level, tested it and then made a BO. We enter on the breaking of the level, but price didn't went too low. It has created a new Daily Low and pulled back. But still no rush here - it came back to the previous level and made another test. For now we have 2 ways: or we close the trade around BE when the price goes up, or we wait until it comes back to the Daily Low and try to brake it. Let's see what happens next.
- #29
- Feb 5, 2021 7:35am Feb 5, 2021 7:35am
Two easy trades this morning on GBP/USD and EUR/AUD.
GBP/USD worked really nice, SL was pretty tight and the price moved in our way almost 2*SL. So there was much room for our target to be hit or we could fix the profit manually.
EUR/AUD worked not so well, but there are few reasons for that. First of all we see not good candles before the trade - too much doubts there and too much wicks. At the end of the first London M15 candle price finally broke the level with CCI confirmation. Tight SL around 11-12 pips and price moved only around +14 pips in our way. We finished this trade as BE, but some mates fixed the profit manually, which was equal the risk (+11-12 pips). Later we see a buy signal on CCI, but i don't recommend to enter there - long run with no stops is not the best opportunity. There is no sence to enter on the top, when price has no more fuel to move, especially before the start of NY session.
GBP/USD worked really nice, SL was pretty tight and the price moved in our way almost 2*SL. So there was much room for our target to be hit or we could fix the profit manually.
EUR/AUD worked not so well, but there are few reasons for that. First of all we see not good candles before the trade - too much doubts there and too much wicks. At the end of the first London M15 candle price finally broke the level with CCI confirmation. Tight SL around 11-12 pips and price moved only around +14 pips in our way. We finished this trade as BE, but some mates fixed the profit manually, which was equal the risk (+11-12 pips). Later we see a buy signal on CCI, but i don't recommend to enter there - long run with no stops is not the best opportunity. There is no sence to enter on the top, when price has no more fuel to move, especially before the start of NY session.
- #30
- Feb 9, 2021 3:29am Feb 9, 2021 3:29am
Few Monday trades on EUR/AUD, GBP/USD and Gold. Clear signals with not much doubts before entry.
Interesting situation we had on GBP - price made a gap on the opening of the market and closed it at the start of London session. After that we got a signal, it was fully valid with a clear BO and CCI confirmation, but we see a huge Divergence on CCI(14). We should be careful in such situations - Divs always telling us about the end of the move (especially huge one like this), so we should keep our eye and be careful if we enter. Don't risk much in such trades and don't let such trades to become loss, it's better to close it at BE if you see that price is not going to move your way with a quick and smooth move.
Interesting situation we had on GBP - price made a gap on the opening of the market and closed it at the start of London session. After that we got a signal, it was fully valid with a clear BO and CCI confirmation, but we see a huge Divergence on CCI(14). We should be careful in such situations - Divs always telling us about the end of the move (especially huge one like this), so we should keep our eye and be careful if we enter. Don't risk much in such trades and don't let such trades to become loss, it's better to close it at BE if you see that price is not going to move your way with a quick and smooth move.
- #31
- Feb 10, 2021 5:58am Feb 10, 2021 5:58am
There were few opportunities this morning, but GBP/USD was the most clear one. Signal came right at London Open, we got a BO of the Daily High and CCI confirmation. Price made some consolidation around the level and after that went up with a good powerful move. Good trade with a tight SL and small risks.
- #32
- Feb 11, 2021 8:14am Feb 11, 2021 8:14am
Pretty slow day, but we patiently waited for a trade and finally a good signal came on EUR/AUD. Price broke the Daily Low at the start of NY session, CCI was not perfect, becuase the cross was much earlier, but we waited for the BO and the start of the NY sesssion. Tight SL and price moved twice bigger way than the risk was.
- #34
- Feb 11, 2021 9:04am Feb 11, 2021 9:04am
{quote} Great job with your system, but I have a question : Why in my chart the red arrow down is not showing? Please can you share all your indicators and template so I can have the same setup as yours ... Thanks in advance, Luciano
- #36
- Feb 12, 2021 9:54am Feb 12, 2021 9:54am
Many good opportunities on Friday. Let's take a look on GBP/USD today. First trade was on the London open after braking the Daily Low. It worked not really good and finished as BE trade, but we see that CCI position was not really perfect - CCI(100) made too many crosses before the signal. So that was not A+ trade. Another signal came at NY session when price broke the London High. Quick move with CCI confirmation after some retracement gave us around +22 pips profit. Entry could be placed little bit lower, but on this picture we show exact level which should be broken for valid signal.
By the way, if someone wants more quick conversation - we have a chat where discuss many interesting things with mates from FF and other traders. Write me in PM if you are interested.
By the way, if someone wants more quick conversation - we have a chat where discuss many interesting things with mates from FF and other traders. Write me in PM if you are interested.
- #37
- Feb 12, 2021 6:32pm Feb 12, 2021 6:32pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,091 Posts
This is Natural Gas futures (/NG) 60M/15M/5M charts. The vertical line is my breakout entry. IMHO, your two CCIs are often too conservative or slow and therefore miss good breakout opportunities. Just simple MACD can catch it better.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #40
- Feb 13, 2021 3:44am Feb 13, 2021 3:44am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,091 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci