TRX Advanced Trend Analysis, a Murky Chart

Great profit ratio. I'm very interested in trading this actually. Keeping an eye on the 15m chart to grab a long entry as soon as the appropriate CCI period rolls up. Trend on the 4h is defined as up. The trend on the 15m is defined as down. As soon as the 15m enters a state of compression instead of downward trend, the pull of the longer period's trend will resume will be a high probability slingshot. Of course, if the 4h chart breaks its defined pivots for trend, then long term mean reversion will occur and we'll see a pullback to the pink line on the 4h. I predict we'll get a short term lateral move on the 15m chart.

When we reenter the blue band on the 15m chart that will be the highest probability entry for a long on TRX. Alternatively, a green candle close inside the 3.2 stdev of the 50 period on the 1h chart would be an excellent entry as well.

Alternatively, wait for a 14 period CCI roll to the upside on the 4h to grab an entry. It's VERY important to note that as defined by the quad cci strategy, trend has ALREADY failed. Use a small position size.

If TRX reenters the blue band on the 4h chart, a short entry when the 14 period CCI rolls down would be very profitable as well.

Comment:

Trx wicked exactly to the TP. Congratulations

Comment:

Short entry has been active, the pivot is still relevant. I expect us to retrace to the second take profit for the short!

Comment:

Wow, what a perfectly respected pivot. Both trades are on track to succeed