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Hi Zak,
Thanks for all the great info!
I have been trying to teach myself your method and I really think it is necessary to put together a concise set of rules for each type of trade strategy - breakouts, reversals, box plays and continuations.
Then we can refer to the rules when we go through your examples and detailed explanations.
I think it will cause traders much stress if they have to read through pages while testing live trades, you need something concrete to work with.
I would be happy to help but I am struggling to work all the rules out myself.
I thought it could look something like this on a word or excel doc at the start of the new thread that can be updated:
TYPE OF TRADE Breakouts
Entry conditions
Trade Direction:
1) Determine which pair to trade by looking at the direction of the combination pair??
2) ?
Pivot Levels:
1) ?
2) ?
CCI's:
On 15 min chart
1) Trade with the direction of the 336cci trend
2) ?
Moving averages:
On 15 min chart
1) if 7ma is < 20ma is < 80ma < 320ma and are close together?
2) ?
I was in the live room last month and I can tell you, they work on 60 min and 15 min chart, but I worked it and I used this strategy from Zak 5 min and 60 min I can say this is much better then 15-60 min,strategy, now I use only 5 min and I make fantastic results I only sometimes look on 60 min charts only to see double tops and bottoms, nothing more.
So quiet here. Maybe this is my last post here too. If you read my previous post, it was about looking to sell the next few weeks. Well I did, but I don't know it it's worth keeping these trades. Felt like they took forever to only get this far and they've all been going no where this week.
So quiet here. Maybe this is my last post here too. If you read my previous post, it was about looking to sell the next few weeks. Well I did, but I don't know it it's worth keeping these trades. Felt like they took forever to only get this far and they've all been going no where this week.
Cheers, have a great weekend.
Salat
Very interesting use of 4cci with 4ema. Do you use 4 with every timeframe?