Wednesday 29 June 2011

Gold, NZDUSD, Oil and Wall Street ...

      These are examples on gold, nzdusd (kiwi dollar), oil and wall street that the combination of CCI and stochastic really work as your trigger. The crossing of their respective lowest levels up for longs or their highest levels down for shorts is very significant and a powerful tool.
      Below you'll find screen shots of the above markets today. Quite a hard day for trading, especially with the problems in Greece and the massive spikes on cable and euro dollar, but with a bit of patience to wait for the trigger and money management one could've made at least 100 pips.

The white circle shows stochastic and cci below their lowest levels (20 and -150 respectively) but crossing them upwards. This is the trigger to enter long above the previous candle.

The above only applies when the purple ema is above the red ema. 


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