We continue to look for your entry points into the market.
I bring to your attention an effective pattern of work in the flat. Traders who work in both directions name a swing - traders.
Indicators:
CCI with a period of 100, hlc3, levels 100 and -100.
Timeframe: H4
Currency: EURUSD
The essence of the idea: the search for entry points in the flat, after the breakdown of the trend line.
Once again I remind you: you need to look for deals only after the breakdown of the trend line, otherwise there will be too many unnecessary signals to enter. If the trend line is broken, the trend line may expand, so a flat is likely.
Rules for entry into position:
We buy if:
The price is near the support level;
The CCI indicator shows two touches of the -100 zone (case 1);
We enter the purchase at the intersection of the indicator CCI zone -100 bottom-up.
We sell if:
The price is near the resistance level;
The CCI indicator shows two touches of zone 100 (case 1);
We enter sales at the intersection of the CCI indicator of the zone 100 from top to bottom.
Exit position:
The exit from the transaction can be based on a fixed profit, or on the reverse intersection of the zones with the CCI indicator.
I bring to your attention an effective pattern of work in the flat. Traders who work in both directions name a swing - traders.
Indicators:
CCI with a period of 100, hlc3, levels 100 and -100.
Timeframe: H4
Currency: EURUSD
The essence of the idea: the search for entry points in the flat, after the breakdown of the trend line.
Once again I remind you: you need to look for deals only after the breakdown of the trend line, otherwise there will be too many unnecessary signals to enter. If the trend line is broken, the trend line may expand, so a flat is likely.
Rules for entry into position:
We buy if:
The price is near the support level;
The CCI indicator shows two touches of the -100 zone (case 1);
We enter the purchase at the intersection of the indicator CCI zone -100 bottom-up.
We sell if:
The price is near the resistance level;
The CCI indicator shows two touches of zone 100 (case 1);
We enter sales at the intersection of the CCI indicator of the zone 100 from top to bottom.
Exit position:
The exit from the transaction can be based on a fixed profit, or on the reverse intersection of the zones with the CCI indicator.
