Zero Line Reject

USDJPY Have you been red pilled or blue pilled? Most traders have been red pilled. One skinny blue trend line and one skinny red line. You take the red pill, you will get your 1:1, you take the blue and know where your target is. : ))

Greetings,
Reno

I have really enjoyed this thread and I also trade the CCI.
Are you still trading the CCI and if so have you made anymore modifactions to the strategy?

Of all the indicators I've used, I'm most comfortable with the CCI. When a Fractal forms on the D1, I throw my Fibs on and wait. I'm always waiting on a Divergence signal. Most of my entries are taken at Fractals. Most of my entries are based on the 61% Fib level. I can also scalp based on my 14 CCI coming out of an extreme on the H1/ M5.

Some of you scalpers will go Long on the AUDUSD. I will be trading against you. Thursday and Friday, it has broken above the PMH, (previous month's high), the D1 clearly shows a Divergence and the last 2 days have printed pin bars. CCI will likely print coming out of the high extreme. My short position will happen around Wednesday. Let the market show you what it's going to do. If not, stay out.

Scalping trades are fine too. Here's a short on the GBP after things settled down. Oh my goodness, I'm trading After New York closed. First off, the H1 was showing 390 on the 14 cci and it took out the previous highs of the last 3 days. In case you can't see the stringer, I took this trade.
**** Market makers take out stops, where are the stops, above or below?
1 Momentum often Leads Price
2 Wait for my M15 cci to return to below 100
3 Must have a 61% fib retracement
4 Finally, most "big moves" will often retrace 50% on the Day, hence the skinny green bar.
I bagged 18 pips in 35 minutes after everyone was counting their Millions. I do prefer trading the Daily, H4 and H1. The market will talk to you, learn to listen to it.

Experience healthy moves while maintaining a full time job. This chart is the first week of April. The Daily was showing Divergence. Momentum "often" leads price. GBPUSD climbed. Most of the time price will retrace. The 61% and 78% fibonacci levels are Price Points. I look at them as zones. In an uptrend, I always enter 1 pip above a "fractal high". While anything can happen in the market at any time, I let my indicators do their job, they "indicate". When a Fractal High or Low forms, it's 100% Price Action Based.
I also look for Daily inside bars.
I also look for stop hunts. They happen often.
**On this chart, I turned the Fibs upside down to show the potential profit targets. Price climbed well above the 161 level.
Finally, once you spot my entry, you'll realize I had "4 hours" to set a Pending Order. Let the market come to you.
Number 3 denotes "price must retrace to the 61% level"

Tomorrow will mark 5 days that I've been in this trade. Yes, the markets range more than they trend. Can you identify the turning points? If you take this Cable to a H4 chart, you will see the 1st week of May was an INSIDE week. From there, it can continue in a range, continue UP or give me a REVERSAL. The market told me it was gonna reverse based on a trend line break.
In this chart, all moving averages and indicators were screaming BUY. I sold instead. I sold it exactly at the 61% retracement level. I've taken profit twice already. One "runner" is left.