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CCI Flash Scalping

CCI flash scalping is a forex tradind system trend momentum very fast. A nice little 5-minute system – ideal for riding London morning session trends.
Time Frame 5 min.
Currency pairs: EUR/USD, GBP/USD.
Indicators:
Commodity channel Index (20 period close);
Exponential moving average (34 period, close).

CCI Flash Scalping trading rules
Sell
For a SELL trade we want price to be trending down and BELOW the 34ema.
We SELL when the CCI(20) crosses down BELOW the -90 line(level).
Buy
For a BUY trade we want price to be trending down and ABOVE the 34ema.
We BUY when the CCI(20) crosses down ABOVE the +90 line(level).

Exit position at the opposite conditions or make profit with target 5-7 pips.
Initial stop loss 15-20 pips.
CCI Flash Scalping
CCI Flash Scalping
CCI Flash Scalping Reviewed by learn forex trading on November 16, 2014 Rating: 5

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