Hi Cl,

The RSi-s are the mainstay of my decision; followed by the position of the 28-EMA.

The CCi-5 is there to tell me when NOT to trade. Usually you will find that the CCi-5 is above zero-line while the Trend-line has not been broken yet and if that is what you mean, then "yes" I do.

The RED_Squares are in fact the LSMA built into the CCi by one clever gent called Linuxer. I asked him for this particular indicator and he has since released other versions of it as well, but this one is the one I prefer without going into details for that.

As a rule, I do NOT trade against the H1-chart. Period. Rather miss a trade.

Best wishes.

__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.

Clear and concise. Thanks a lot. One more question. Forgive my ignorance, i have never used LSMA but have heard of it. Can you point me in the direction of some info on it ( or briefly tell me what it tries to do).

Best,

cl

How do you get the 8 hour open on the chart?

Hi Valeo

Please forgive me as I am sure you have probably discussed this many times! I would really appreciate it if you could explain how to handle the CCI-5 overheat situation - such as the one outlined in the attached 5 min chart below.

Too often I am uncertain how to handles these occurances and so simply leave the trade alone and then watch it fall and fall...

Would appreciate your advice here please or kindly point me to a place where I can do the reading from prior explanations.

Many thanks
Shaun

Below is the GBP/USD 5 min chart from earlier today:

Attached Images

300708 cable m5 cci-5 overheat.jpg (180.8 KB, 252 views)

Go to page 72 of this thread and locate post #719 by Big Joe. If you follow the instructions provided with the indicator (see link) you should have no problems.

There is quite a lot of information on the use of the LSMA on this Forum. Just search for it, but be warned, it is another "massive" topic to work through.

Good luck.

__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.

Hi Shaun, I was looking for you today, but you were off-line. Sorry.

That long white candle was an announcement from USD and way above what was generally expected. I just wait for the "noise" to disappear and then make the decision to trade. What added to my "problem" was the fact that I had the previous Lo. also at the close of that candle. So it had to break that Lo. first and took the short @ 14h35 with a price of 1.9784. Exit on overheating RSi-4 for ±20 pips and if you followed the 8-EMA rule, close on 30.

Entry after that @ 16h35 @ 1.9854 for another +24 pips exiting on the close of the 16h35 candle.

Hope that helps, otherwise talk to me tomorrow.

Best wishes.

Attached Images

this afternoon's entry m5.gif (34.6 KB, 239 views)

__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.

Many thanks Valeo.

I'll be around tomorrow.

Have a relaxing evening.

Best regards
Shaun

So far 1 trade for me this morning.

Entered off the 5 min chart at close of 8:30 candle (GMT+2). I was a little wary because price was hovering around the 28-EMA on the 1 hour chart at this level (1.9815).

Moved stop to BE when trade was +12 and after price moved against me I made +1.

Valeo I have marked a possible exit where I could have made +8 or so .... would that have been an acceptable exit? The H1 CCI-5 had also overheated at this stage...

Would appreciate your input.

Thanks
Shaun

GBP/USD 5 min chart from earlier this morning:

Attached Images

310708 cable m5 1st trade.jpg (181.5 KB, 208 views)

He ya,

Just to tell all that my health is definately good !

My doctor said i'm able to run as long as i want.

And just to tell that premier stochastic (by mladen) doing a great job in this freaky ranging day.

See the differences between cci and the premier stochastic.

We maybe are on something good !

Attached Images

ScreenShot276.jpg (141.5 KB, 208 views)

Attached Files

Premier stochastic.mq4 (3.8 KB, 50 views)

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Picasso is the best !