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Re: BeatlemaniaSA's XU-Hybrid Trading System

josi, Wed Jan 26, 2022 5:20 pm

BeatlemaniaSA wrote: Wed Jan 26, 2022 8:50 am reversal because of CCI
Warmest regards,
BeatlemaniaSA
This is not at all a criticism, on the contrary: everything you write, makes total sense to me. I would only add:
From my point of view what we can see from looking at CCI (either H4 or D1 length, which means colouring etc could change any time within this time period) is a fading of momentum.
This can mean two things:
a) pullback (retracement) - CCI is above zero, after all (and as long as it is, we are functionally still in an uptrend, even with red and declining bars)
b) reversal
If you want to make this somewhat clearer you could use price action, for example the 4-bar-fractal method (I posted, maybe a week ago, in the "something interesting"-thread) because it gives you another hint that price may reverse.
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