Hi Tony,
NO SPANDEX ?? Shocking !!
My main port of call for my trend is my 4hr 21cci at the moment, whereas it used to be my daily 21cci. However, this can be a little bit deceiving at times as we saw this morning with the EURJPY.
It was rather short-sighted of me just referring to the positive CCI's, given that the 60m 20 was beneath the 4hr 20.
Very similar to the golden cross Dan always refers to. If the 50sma on a 60m chart is directly below the 200sma would you be looking for a long?
AS you're aware, we love the CCI 21 and the reason we have the 5m strategy as it is is because each ema represents the 21cci from that time period. We don't have room on one chart for 5 or 6 CCI's.
We can tell though, that if the price is above the 60m ema then our 60m 21CCI will be in the positive without looking at the 60m chart.
Congratulations on the FTSE trades. They seem to be the pick of the bunch now don't they? I don't really trade the Dow, but have had a really good week on the FTSE & Dax.
If we didn't cover such a broad spectrum of instruments, I, like a lot of FX traders in the City, would probably be losing money right now, or making very little. I've only managed about 250 pips on the Forex this week.
This time last year that was an average day !
I hope this helps.
