Hi FxCube
I like what you are doing here, nice and simple!
My main trading tool is the median line. The way I trade median lines is to open at the median line because I consider it the lowest risk entry price.
However, whilst median lines do a great job at picking extremes, one doesn’t always get the preferred market structure to confirm entry right at the median line.
Hence, given the lowest risk entry is at the median line and market structure confirming direction may not occur at the median line, it is easy to miss out.
As such I wouldn’t mind finding a tool or two to help increase opportunities at the median line.
I don’t think your BBs are much use to me because they do not lead.
But your CCI14 may have something to offer.
Below I use your GJ trade to illustrate my point.
In the GJ example,
my median line tells me price may find resistance at the extreme shown, but I don’t have the market structure to inspire entry at the lowest risk price (the median line).
However the CCI is giving a good signal down before price moves away from the median line.
Perhaps it will be useful in future such circumstances.
.
I like what you are doing here, nice and simple!
My main trading tool is the median line. The way I trade median lines is to open at the median line because I consider it the lowest risk entry price.
However, whilst median lines do a great job at picking extremes, one doesn’t always get the preferred market structure to confirm entry right at the median line.
Hence, given the lowest risk entry is at the median line and market structure confirming direction may not occur at the median line, it is easy to miss out.
As such I wouldn’t mind finding a tool or two to help increase opportunities at the median line.
I don’t think your BBs are much use to me because they do not lead.
But your CCI14 may have something to offer.
Below I use your GJ trade to illustrate my point.
In the GJ example,
my median line tells me price may find resistance at the extreme shown, but I don’t have the market structure to inspire entry at the lowest risk price (the median line).
However the CCI is giving a good signal down before price moves away from the median line.
Perhaps it will be useful in future such circumstances.
.