Wednesday 12 September 2012

Obvious?

The DAX opened and bounced off the VAH of yesterday's last split. The Renko chart, and probably any other periodic bar chart, showed the thrust after the pullback.

WHATEVER, the outcome of this trade, this is a picture I MUST trade - buy that rejection of the VAH - as the probabilities are very much in my favour.



2 comments:

  1. How do you recommend we adjust our CCI length? Can you give some insight on that?

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  2. Anon 01:07, The purpose of the bigCCI is to identify the trend through the noise. The smallCCI identifies the pullbacks. If the volatility and your chart periodicity changes, look to use the smallest number that achieves that, eyeballing the charts.

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