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1-2-3
For all those unfamiliar with my strategy and some of the terminology used, allow me to explain what I refer to as a 1-2-3 play.
The 1 is the breakout of any given support/resistance line or any moving average.
The 2 is the top/bottom of that break.
The 3 is when the price reverses and starts to retrace toward the intial point of the break.
The CCI should confirm this move as you can see in the bottom windows.
The 84 CCI is already down so we're trading WITH the trend, the CCI21 retraces with the price. In some cases on longer term charts it crosses and re=crosses at the start of the move, sometimes it just retraces to toward the 0.0 as in example 2.
The Heiken Ashi comes in to act as a trigger.
Cable got us a few pips. Dow Jones looks weak !!
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See a short video entitled ´FXPimp´s 5m Farmyard Strategy´ here which gives a few clues on how to use my Power Strategy. I´ll be posting on there each and every day Monday - Friday at 06:30 and 14:00 UK time, then Longer Term each and every Sunday evening
Last edited by FX Pimp; 07-21-2008 at 08:36 PM.
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