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  • #21
  • Feb 14, 2010 4:43pm Feb 14, 2010 4:43pm
Quoting reachjj
Can we use it on GU or EU as they are also very much volatile.... during London sessions and starting of US sessions....
I wouldn't use it for EU.
I personally don't like GBP, but I took a quick look in the GU 1hr and they could be some opportunities. If you try it, then lower the SL TP to 25.
  • #22
  • Feb 14, 2010 5:13pm Feb 14, 2010 5:13pm
Quoting errich fx
I still doubt the CCI indicator, can you explain how the CCI read a trend reversal?
usually I use overlay indicator if I want to see correlation between pairs

This is ex correlation chart AUDUSD + USDJPY = AUDJPY

Attachment

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Chaikin Money Flow
I do not use the CCI indicator, I trust the relative strength much more.
I made a comparison, take a look to the picture below, when aud and jpy reverse their slope and, they give buy and sale opportunities that I try to capitalize while verifying that I'm alligned with the trend.

I cannot really speak about the CCI indicator, I cannot read reversals from it either.

Is the overlay indicator working to anticipate reversals for you?
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy feb cc vs cci 2.gif Size: 20 KB
  • #23
  • Last Post: Edited Aug 17, 2010 1:27am Aug 16, 2010 3:52am | Edited Aug 17, 2010 1:27am
Quoting rac
I do not use the CCI indicator, I trust the relative strength much more.
I made a comparison, take a look to the picture below, when aud and jpy reverse their slope and, they give buy and sale opportunities that I try to capitalize while verifying that I'm alligned with the trend.

I cannot really speak about the CCI indicator, I cannot read reversals from it either.

Is the overlay indicator working to anticipate reversals for you?
One hell of a method Rac.. Amazed it hasnt attracted a lot more attention..Thank You..Have just started trading the Aussie against the Jy .. will be a very welcome addition.. Thank You.

Took 2 possies this morning Aussie time..6.10am..both long.. in UDCHF and Dragon..very slow period.. just closed ++ total 65..using 1 hr and 15 min charts.. also watching candles vol.. ppxs and fibos..hardly looked at all day..only using Trend change identifyer and trading with trend..Its a cracker..
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