First of all I warned this morning that my RSi-setups changed due to programming; so please do NOT shoot me for placing these screen-prints!! I am placing the M5 first followed by M15; the M15 without commentary.

Signal @ 08h15 on M5 overheated (see that Red "Diamond" shown by the Aqua triangle??) and we expect a retrace which happened 2 candles later, BUT what was of more interest to me is the fact that the M15-CCi-5 was also overheating and that was another 10m to closing!!

So when the M15-candle closed, it had a long spike and the RSIs were good for a further short as well as the CCi.

Also, the price stayed underneath the 8-EMA on M15 and that is when I entered @ 1.9463 for +26 pips. CCi-5 overheated together with RSi-2 on M15 and I just closed tha trade on the close of that candle.

Any comments are most welcome so that everyone can learn from difficult entries.

Best wishes.

Attached Images

this morning's entry.gif (30.3 KB, 221 views)

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