DislikedI love it to be a junior here on the forum (for my age is 62)) and I am trading for more than 20 years, Stocks, options and nowadays only FOREX.
Okay having said that...... on to the remark I'd like to make. Basically the FX-50 system is a Wave 5 (Elliot waves therory) trading system, for most of time time the Wave 3 is being skipped here by the CCI 89/21 setup.
Nothing wrong with that..... That is just how this system works. But when you are quite good at divergencies you will also be able to take the Wave 3 trades..... These most of the time...Ignored
im really gratefull that you share your experienced knowledge and detailed info on our system, gives more understanding to it, also with the new DoubleWoodyCCI w/SMA gives good signals, i had this script before but deleted because i found it useless didnt know what the middle line was for (didnt really look at it tho, to pre-occupied to get an ALERT enabled script))
Also before i used the i-Trend indi because i liked the way it showed the trand change, was quick, but the DoubleWoodyCCI SMA is even faster to spot Trend changes also for Entry's/Exit's points, just noticed this gives better signals than ZeroLag Indi did'nt even have time to use it LOL !!!
anyways i tested and analyzed the charts with this its' really accurate, so i think it should be fully part of FX50 system,
Thanks Again
Don't forget Practice + Patience + Persistence = Profits