questions:
1. you say to look at 5m chart first. what do we exactly look for here. do we look at the following:
3+5 ema above or below 15 ema.
angle between 3+5 ema are spacing out
the cci is above or below 90 or - 90
the last swing high or low have been broken
once all the above are in place then we look at the 15m chart right ?
so what do we exactly look for in the 15m chart ? that is the confusion.
do we look for all the above as well on the 15m chart or not ? as far as i can tell we dont look for the cci on the 15m chart and we dont look for high/low to be broken either. all we look for is if the 3+5 emas are above or below 15 ema. is that correct ?
2. what if say on the 5m one or two of the above conditions are not met. say 3+5 ema were above 15 ema. the last high had been broken. the 15m also showed an up move. but the cci on 5m was still not above +90. what do we do then ? do we wait another few candles on 5m to see if cci goes above +90 and then enter trade ? if so how many candles can we wait ?
3. if we are in a trade and other trade signals on the same pair come along whilst our current trade is open, do we enter those trades as well ?
4. what if the SL level is way too large. is it a good idea not to enter trade then ?
if someone can clarify the above, it would be helpful.
presently iam on a short trade i entered on GU at 10.55 on my alpari account. my first trade using this system . lets see how things go......
