41# Support and Resistance with CCI Trading System

Submit by Maximo Trader 19/09/2012

 

Time Frame 15 min;

Currecncy pairs:any.

 

Indicators:

CCI Custom Candle;

Support and Resistance;

MTF Trend envelopes 240;

MTF Trend envelopes 60;

All Pivots;

CCI 14 (leve buy 75, level sell -75);

 

Rules

Trade only in the direction of the trend.

 

Long Entry:

CCI Custom Candle Acqua, MTF Trend envelopes 240 an 60 below the candles,

CCI14 above the level 75.

 

Short Entry

CCI Custom Candle red, MTF Trend envelopes 240 an 60 above the candles,

CCI14 below the level – 75.


Exit positions:

3 options

  1. On the pivot levels

  2. with profit target predetermined, depends by currency pairs.

  3. 3 pips before level suppor or resistance.

Place stop loss: 5 pips above or below MTF trend envelopes 60.

Exit positions:

3 options

  1. On the pivot levels

  2. with profit target predetermined, depends by currency pairs.

  3. 3 pips before level suppor or resistance.

Place stop loss: 5 pips above or below MTF trend envelopes 60.


In the pictures Support and Resistance with CCI  forex system in action.

Trading System: CCI with support and Resistence, Trend envelopes.

CCI with support and Resistence
Trading System: CCI with support and Resistence, Trend envelopes.
CCI with support and Resistence.rar
compressed file archive 13.4 KB

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