Hi Guys
This market is scaring me...
Here is a quick explanation of my 5 min chart.
960 my 4 hour 20ma
600 my 60min 50ma
240 my 60min 20ma
60 my 15min 20ma
20 my 5min 20
CCI 63
CCI 252
CCI 4
My 60min chart...
1200 my Day 50
480 my Day 20
200 my 4HR 50
80 my 4HR 20
50 my 60min 50
20 my 60min 20
CCI 84
CCI 5
This way i can basically look at two charts and get a strong idea of trends and entry points. The 60min shows me the trend and the 5min gets me in early enough for the move. I dont rely too much on the 5min but i make most of my trading decisions on the 60min with the 5 only as an entry. The 60min has been my king chart for years!!!
I look for crossovers on the CCI's and the MA's for support and resistance. As mentioned this has been developed over the years from my standard templates but i have worked with a close friend to get to this template and we do very well from it.
The 252 is key as well and i rarely trade against him unless i really fancy it.
Ok must run... Got a friend flying in from out of town.
D