feel free to ask questions about it
BUY reached target of 25 pips, had a 67 pip potential, ultimate SL hit at 55 pips
failed trade, at least if you were looking for the 25 pip goal, 15 pips were possible.
When CCI went below -150, put SL at Coral or breakeven.
so 0 pips or maximum 8 pips (if stop was at coral line (99.31)
Good thing is that it is the start of yet another trade:
another 25 pips, maximum of 47 pips
The move was clean and quick, 25 pip goal reached within 20 minutes
I got out at 25 pips, 36 pips was the maximum but technically the move is still ongoing as CCI didn’t go below -150 yet or break the SL level @ 99.77
NOt always do the trades present the easy way, as said before it is sometimes good to move your stop when CCI is above 150 or below -150 before you hit TP, or when things really go bad and your SL is hit, do not hesitate and step in again!
so next up is selling…or not?
And another TP not hit…
But then the fun starts
And another one following
50 pips at least so far…
Difficult start but nonetheless 15 possible pips
And still nothing clear -8 pips
Even revearsal doesn’t work and the following short trade doesn’t reach 25 pips target, max possible pips 14 (5 + 9 pips)
Finally a textbook trade, no doubts about this one 25 pips!
And another one! 25 pips
Hi there, thanks for sharing your system. I like it.
You have made it quite clear. With no BS hype.
I am going to keep an eye on it for a while.
Do you have a time of day that you like to trade this system? Judging by your posts, you like the london/ny hours.
When do you quit for the day?
Hi,
yeah I like to keep quiet and clean charts…
Feel free to pop questions if you need to.
My main trading hours are London/NY, I sometimes monitor markets during Asian but it seldom gives opportunities.
I usually quit around London close, sometimes an hour longer or so, but my opinion is that if you need to make your profits after this time you might as wel go and have a pint and relax instead.
Unfortunately CCI did not go below -150, so I did not take this one
Textbook trade this one = 25 pips!
Clear entry, CCI above 150, SL moved to BE or coral = 0 pips
Textbook breakout = 25 pips
That makes a possible 121 pips in the best case scenario…not bad, I actually made 78 of the 121, happy!
Buy signal invalidated by CCI touching 150 level = 0 pips
A perfect breakout trade. 25 pips
Allthough quite late in the day and hesitation in the middle it gives nice 25 pips
A possible total of 148 pips, of which i booked 88
Thanks 4 the system… thou i didnt clearly understand how n where u enter ur trades… anyways as u r stating u r making so many pips congratulations 4 that … but i would like you to use drag n drop function of ur closed trades so as to we all can see where in the chart u entered and exited the trade… this way we all can synchronize the trades and ur indicators …i hope u do it … thanks
Hello psaini1973,
please clarify whatever you mean with drag and drop?
Entry is the white dotted line, SL the red dotted line and green dotted line = TP
entry = when CCI touches 0 and on the chart coral line is touched
I just entered long eur/usd @1.2539. Using your system.
I’ve set my stop loss @1.2525, take profit is 25 pips. looks good so far… up 6 pips.
Looks like a good entry, however watch out for this 2550 level, said to be well defended, if it breaks you’ll book your pips thats for sure.
I have to go out now, will review it later this evening and give you summary of my day
Broke to about 20 pips then fell back to coral/BE. I booked 2 pips…
This may sound really naive but what’s the coral?
Thanks for sharing I will have a go at your system tomorrow looks promising!
Will post my view in a moment, the only thing I noticed is that entry on my chart is @1.2534 which would mean that it got to the 25 pip target, close I admit but it got there.
I would have probably also closed at +2 or 0.
The move that followed was more interesting though, did you look at that one?
@QE3 (don’t really like your name, all those rumours about you mess up the charts…:58:)
coral indicator is a type of MA (moving average), picked up as part of a template somewhere and kept using it
Cheers, keep us posted