Div, I need some clarification on the rules.
Once the trend is established on the 15m , say long, we go to the 1m and look for a setup bar.
We start looking for a setup bar when we see a pullback in 1m cht to below the sma and cci-50 and a later bar closing above the sma and cci +50 ant bar's low is below or less than 2.4p above sma.
Enter a couple pips( in my case 1+2spread) above high of setup bar.
S/L must be below last low of pullback and at 15 p max below entry, TP at 15 p above entry.
Also what is definition of triggering and not triggering?
Last question - does SUB have to take out last high of the pullback or is closing above sma and cci 50 enough?
Thanks Bill G
Once the trend is established on the 15m , say long, we go to the 1m and look for a setup bar.
We start looking for a setup bar when we see a pullback in 1m cht to below the sma and cci-50 and a later bar closing above the sma and cci +50 ant bar's low is below or less than 2.4p above sma.
Enter a couple pips( in my case 1+2spread) above high of setup bar.
S/L must be below last low of pullback and at 15 p max below entry, TP at 15 p above entry.
Also what is definition of triggering and not triggering?
Last question - does SUB have to take out last high of the pullback or is closing above sma and cci 50 enough?
Thanks Bill G