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 |
Post a Comment