Quote:
Originally Posted by mthomas
Fx Pimp
The chart visuals were great thank you!!!
Could you show me 5m for 63 and 252?
Thanks again for your guidence on the 20/60 ema cross
Matt
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The 252 & 63.
Tyhanks for the questions guys. Great to see we are stsrting to build something here.
Here's the 252 and 63 in action.
The first entry upon the cross of the 252 and 7 after the break of support, the second is just waiting for a retracement withing the downtrent of the 252, which on many occasion will see both the 63 (15m) and 252 (60m) CCI's move back toward the 0.0 line.
Remember the pivot points too. I have a semi-strict rule where I will trade only short if price is below and look for long positions when above.
This is not a hard & fast rule but advisable to pay attention to if you are looking for high-probability-trades.
Once again we draw in our little support line and play the break.
This particular pair GBPCHF was the the 4hr strategy play we looked at on Saurday in
this post.
So with the 5m chart there are numerous types of entry.
Theres the trendline break with 3 CCI's confirming.
Theres the continuation playing the fresh cross of the 63/7 during an established 252 trend.
Many are playing the 63 crooss whilst ignoring the 7.
Notice that in all cases the moving averages are all bunched together and more ofthen than they are in the correct order. This is especially apparant in the second entry on this chart.