Continuing from last time we now know about the correlation and the 15m entry, but what about scrounging a few extra valuable pips?

This is possible with a 5m entry.

We establish the longer trend from the 60m chart (far right), we ensure all m.a's are in correct order from the 15m chart (middle), then we look at the 5m for a closer look.
The 63CCi (15m 21) is up, all we need now is a retracement back to the m.a's, for them to support and then we enter.
This is where our 7CCI comes in very useful.
The 63CCI crossess from negative to positive, then the 7CCI recrosses to the negative -100 level. As that then powers back through the 0.0 line with the green Heiken Ashi we pull the trigger.
This particular move on Gold went 200 pips

Tomorrow we'll talk about exit strategies, but this should keep you going for now.

I'll be back later with some more on entries, both with the trend and against the trend.

UPDATE 12/9/08 Please note that the 10CCI signal you witness on the 5m chart here has been replaced by a 4CCI (1m 20) for more speed and accuracy.
Continure reading as before but Ignore numbers, just rememebr 4hr CCI or 15m CCI or Signal.

Attached Images

gold.gif (89.5 KB, 15717 views)

__________________
I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session