CCiIDT | Foreign exchange EA download - MT4/MT5 resources | MT5 EA download - MetaTrader 5 resources
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Topic is closed
Learn from your failures – don’t trade live until you have mastered your mind.
I had blown my live account - like many other traders - and it turned out the system was good, but I was mentally failing to follow my own rules. I'm not going to update the thread so others are experiencing the same thing I'm doing right now. Luckily, this money was already profit from my previous account, so I'm actually at 0% now - but it's enough that I'm going to start over... again...
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Dear Trader,
Let me introduce you to the secret behind divergence that I’m almost certain you’ve never seen before.
Let me add that this discussion/trading system is primarily intended for people who basically understand CCi itself and the disagreements.
For quick reference, let me include a picture and a brief description of the "generally" known disagreements.
I think this picture tells you everything you need to know about basic trading.
But what you'll see below is a very specific way of understanding the difference. I would say that they are great indicators of resistance or support levels. These signs sometimes appear before 20 candles, so you have time to set your entry point.
Let me show you an example of a basic Divergence setup, and then I'll show you the "behind the scenes" part.
So here you can see a strong upward movement followed by a sharp decline, with the divergence clearly indicating a downward trend. As homework, I'm curious how you would trade this? When do you enter? (Leave a message later with the title 1# example, of course you can also draw your work)
So, I show you what it looks like based on the big book. Now let me show you something else. This little example gives us two more things.
So, this shows us a hidden bullish divergence, which does give the price another boost. It should go up. (I'm also curious what makes your entry so long? If you like, please leave a comment like in the first example)
Therefore, we can say that both disagreements played their due role. But now let me show you something that I think is the real cause of "falling".
So basically I just expanded the trendline that was hiding the divergence, and when price broke above it, the short trades came into action.
The main idea now is to expand the differences in a few words.
entry:
Long: Divergence is set on “tops/peaks” on the chart and indicator Short: Divergence is set on “bottoms/lows” on both chart and indicator
In the next article I will add some screens about these settings so that they can be checked.
The main idea behind this thread is to work together to find the best way to trade this method.
Currently what I do is I trade using the last peak or bottom as a stop loss.
TP is a bit hard to describe, but I'll show it in a screenshot.
If you are interested, please stay with me.
Topic is closed
Learn from your failures – don’t trade live until you have mastered your mind.
I had blown my live account - like many other traders - and it turned out the system was good, but I was mentally failing to follow my own rules. I'm not going to update the thread so others are experiencing the same thing I'm doing right now. Luckily, this money was already profit from my previous account, so I'm actually at 0% now - but it's enough that I'm going to start over... again...
*************************************************************************************************************************
Dear Trader,
Let me introduce you to the secret behind divergence that I’m almost certain you’ve never seen before.
Let me add that this discussion/trading system is primarily intended for people who basically understand CCi itself and the disagreements.
For quick reference, let me include a picture and a brief description of the "generally" known disagreements.
I think this picture tells you everything you need to know about basic trading.
But what you'll see below is a very specific way of understanding the difference. I would say that they are great indicators of resistance or support levels. These signs sometimes appear before 20 candles, so you have time to set your entry point.
Let me show you an example of a basic Divergence setup, and then I'll show you the "behind the scenes" part.
So here you can see a strong upward movement followed by a sharp decline, with the divergence clearly indicating a downward trend. As homework, I'm curious how you would trade this? When do you enter? (Leave a message later with the title 1# example, of course you can also draw your work)
So, I show you what it looks like based on the big book. Now let me show you something else. This little example gives us two more things.
So, this shows us a hidden bullish divergence, which does give the price another boost. It should go up. (I'm also curious what makes your entry so long? If you like, please leave a comment like in the first example)
Therefore, we can say that both disagreements played their due role. But now let me show you something that I think is the real cause of "falling".
So basically I just expanded the trendline that was hiding the divergence, and when price broke above it, the short trades came into action.
The main idea now is to expand the differences in a few words.
entry:
Long: Divergence is set on “tops/peaks” on the chart and indicator Short: Divergence is set on “bottoms/lows” on both chart and indicator
In the next article I will add some screens about these settings so that they can be checked.
The main idea behind this thread is to work together to find the best way to trade this method.
Currently what I do is I trade using the last peak or bottom as a stop loss.
TP is a bit hard to describe, but I'll show it in a screenshot.
If you are interested, please stay with me.
























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