Today, our trading system was shouting "sell, Sell, SELL". These are the sell signals:
- 30min CCI bearish since late Friday
- CCI crossed under CCIMA at today's opening down move
- Striker was heading down
The only thing that was bullish was 5min momentum. But the signal line is clearly in the negative at -20.
The system recommended three short entries- stochastics crossed down three times and all of them were profitable short entries.
In order to follow the system successfully,
- Follow the 30min CCI direction and enter trade in this direction (Shortsale for today)
- Use 5min stochastics for entries
- NEVER GUESS TOPs AND BOTTOMs.
- NEVER ASSUME A REVERSAL UNTIL THE SYSTEM SAY SO
- Forget the market gurus' predictions and other noises. The system will capture the market's actual moves.
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