Exit strategy #6 (Tight stop timing with CCI)
Submitted by Edward Revy on September 29, 2009 - 16:56.
Today's challenge: how to exit a trade in time without leaving much on the table.
Today's system: reveals how to use CCI indicator to know where to pull the trigger and launch aggressive price chasing.
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I am not sure how you put trailing stops based on the sar indicators. Also does this work for all timings and currencies.
Diaa
Indicators are simple standard tools found on every trading platform:
CCI (30)
Parabolic SAR (0.1, 0.1)
Everything else is drawn by me to illustrate entries, trailing stops etc.
Regards,
Edward
can you post some of indicator of this system... there are great system..
Great Idea! CCI is great at showing overbought/oversold areas, and this method allows the best time to begin a bar by bar stop loss.
Best wishes,
Ken
The Cat Preacher
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