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My charts:
As you can see, the MegaTrend indicator on main chart catches the beginning and end of trends much sooner than Heiken Ashi Smoothed on longer timeframes (30 min and up). I dont think its very reliable on faster timeframes as there's too much whipsawing. 30 minute is kinda suspect as well. Also allows one to trade on retracements and correction with more confidence.
*NOTE* IT DOES NOT REPAINT/REDRAW!
The FX Sniper Ergodic CCI mimics the MegaTrend but with a MA crossover type feel. Either one would work in getting as close to beginning and ends without headfakes as possible.
I personally like to trade on 4 hr charts, using 1 hr. as entry and 30 min. as warning.
Check it out.
Last edited by forex_for_life; 04-10-2007 at 08:39 PM.
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