Dislikedi dont know what went wrong, all these trades hit by SL,pls advice and share your thoughts. {image} {image} {image}Ignored
Hi
Just look to the left and you will see the trades you should be taking , you need to be in the moves a lot earlier, this is one problem with trading the TTindy as the trends are ending, they are exhausted after making most of the moves, but they unfortunately will still show on the top of the TTindy ...
The TTindy works very well at the start of market opens as money comes to the table as its then ranking the strongest moves as they start, but its not so good once a pairs been moving for a while already. So its not automatically good to trade just because a pair is top of the TTindy, you can't say "its at the top of the TTindy therefore it must be good to trade". Its just a filter and once you open the chart you have to decipher where it is in the trend etc..
Doesn't quite work like that because it regularly is showing a top trender after it has moved quite a way already.
Look at these posts http://www.forexfactory.com/showthre...29#post8465829
http://www.forexfactory.com/showthre...04#post8465904
They show the perfect setup just after a lwma crossover or the 175 changing slope so maybe setup your charts like this post suggest
http://www.forexfactory.com/showthre...88#post8465888
You need to be looking for the first two or three CCI entries just after the crossover but again its not that simple look for price action to confirm entry eg ABCD moves so a good AB followed by about a 50% pullback BC move to a nice key level. Concentrate on finding a nice sloping 175 lwma them concentrate on the entry technique as per this post
http://www.forexfactory.com/showthre...54#post8463154
So to clarify,
Find yourself a strong trend where the 175 is sloping nicely as early as possible in the move, be very careful of trading the top pairs in TTindy if they've already signaled 3 or 4 times already, you're probably too late to the ball.. But of course sometimes they keep going but the higher probability trades are the earlier ones in the move. Look for the ideal setup that I've shown you in the posts above just after a good crossover...
Then its just about trading the ABCD moves as they setup always looking for that strong push AB move then the pullback (50%) BC and when the CCI signals jump back on the trend...
Hope that helps....
EDIT: Meant to say that the first filter is the time of day, as this strategy is all about following the money as it comes to the table so trade just after the opens and obviously tip toe around news releases etc... strong trenders just after the market opens are well worth looking at...London and New York are the best of course..
Feel the Fear and do it anyway!!!
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