I found out that successful trend followers could win over a long period of time, while at the same time they losing on most of their trades-how good is that?
Ice is breaking out of its trading range 70-76
for the las half a year ICE consolidated near its highs
nice risk reward here
note the upcoming earnings report next week
An intraday (2 hour time frame) hight potential, BackTested Sort Analysis.
1) Two Tops Diverged to CCI Oscillator for XXXXXXX movement.
2) OBV Oscillator crossing down the trend line - VOLUME PRECEDING THE PRICE.
3) CCI crossing down the zero level.
4) Best entry price between 69.55 - 70.33
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80%...
ICE@ 258.16, Weekly neutral bias – The 268.89 peak area could cap near term
ICE rallied off the 227.22 swing low (March 7, 2016 weekly low) to look to challenge the 266.74/268.89 topping zone (November 9, 2015 weekly high/February 8, 2016 all-time peak).
The area is near the 2.5-year rising wedge resistance (linking January 6, 2014/November 9, 2015 weekly highs)....
Intercontinental Exchange, Inc. is an operator of regulated exchanges, clearing houses and listings venues. The Company provides data services for commodity and financial markets. The Company's segments include Trading and Clearing segment, and Data and Listings segment. The Trading and Clearing segment includes the Company's transaction-based execution and clearing businesses. The Company's Data and Listings segment includes its subscription-based data services and securities listings businesses. The Company operates regulated marketplaces for listing, trading and clearing a range of derivatives and securities contracts across the asset classes, including energy and agricultural commodities, interest rates, equities, equity derivatives, exchange traded funds, credit derivatives, bonds and currencies. The Company offers market data services to support the trading, investment, risk management and connectivity needs of customers across a range of asset classes.
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ICE
