Successful Trading Using 50 CCI
Here are the patterns made popular by drbob and dharma using 50 CCI and EMA 34. This is not a holly grail trading system that one will make money every time you see these patterns, but it will show you that there is a proper set-up should you decide to enter the market. If you take the trade set-up according to your plan, then at least you are attempting to allow the probabilities to work for you, rather than against you. In this plan should be your entry patterns and entry rules in the various support and resistance levels are and have a good idea of what “should” happen as the price nears these levels, your exit patterns and your exit rules. Having just an edge is worthless unless you can trade that pattern consistently and use proper money management along the way. Source: tradershaven.net
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