|
Trigger
I will spend more time later on the trigger but wanted to give you a little head-start so you can go and do some homework and see what I mean.
Once the trigger on the 60m has crossed the 0.0 centre line and is agreeing with the 21 & 84 you can swap the 60m chart for the 5m
The 63 on the 5m is the same as the 5 on the 60m so pretty easy to understand.
Once everything is agreeing you must wait for a little retracement on the 4CCI on the 5m chart before entering.
This is especially true with breakouts and will help prevent getting caught-up with false signals.
The snap-shot demonstrates this.
The Trigger on 60m chart crosses during the 1 AM candle but its not clear at this point whether the break is confirmed.
However, upon closer inspection of the 5m chart we can clearly see all the moving averages nicely bunched and in correct order.
The 63CCI remains in negative, the trigger retraces back up to plus 100 and then turns back round and crosses the 0.0 with the break of the support trendline.
A relatively simple trade netting almost 400 pips !!
__________________
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 
|