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Old 26-08-2009, 02:39
chamane chamane is offline
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Join Date: Feb 2009
Posts: 8
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I don't know if this is off topic, but I just wanted to leave an observation. I marked the change of slope of the 50 EMA by black vertical lines. I realized that it fits quite well the change of trend of the CCI55. I am using the DoubleWoody(5514) indicator. The fast CCI(14) can help to weed out false signals (see black break lines). Long stochastic signal under 50 level and short signal over 50 seems to be enough for me (instead of overbought/oversold levels). I would use faster Stochastic (8,3,3 or 5,3,3) for shorter timeframes. SL would be last swing high/low and profit same as risk with bringing stop to breakeven +5 pips as soon as possible. Just food for thoughts.

Chamane

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