Ok, let's see.rogeryrogery wrote: Wed Sep 10, 2025 8:36 am Hi @firesowrd, Thanks for simple system - I had 3 of losses using this system but maybe I am not doing this correctly - Can you pls see this pic and let me know if this entry follow your rules, thanks.
Your CCI/ RSI window doesn't look right, but putting that a side for now.
The setup is forming on USDCAD.
Once the price gets into the zone, wait for a reversal out of the zone.
Then look at the CCI if it has reversed an broken the trendline.
If the price breaks the zone, the setup is not valid.
The price has to make a confirmed new high, meaning it has to reverse from the new top.
You need to move the zone with the new highs.
I usually leave the pair alone if the old zone gets broken in the direction of the trend.
As you can see on MT4 USDCAD chart is not at the 95 level and its still pointing up.
I would say USDCAD is heading for that 3 week old top TBH.
Place Bollinger bands on your chart and when the price gets to the zone, wait for the price to bounce of BB
then cross the 20 EMA or mid band and close below it.
Take your entry at the open of the new candle below mid BB band.
That's more conservative approach, but either way, the price has to turn from the top or bottom
to confirm entry.
You can see on the pic with the BB how the bends are pointing up strongly.
At least for now USDCAD is not even thinking of going down.
I hope that helps.