Forex Action Trade Trading System
This is a DoubleCCI Scalping System.
This Trading System is only for ECN Brokers Accounts.
Time frame: 1M.
Price: Bar Chart.
Kino T3 Ma Ribbon filled;
Kijun Tekan (default);
RD Pivot Line;
Zig Zag Pointer;
Fx Prime V Final;
Kino close under ribbon;
DoubleCCI With Sma.
Long Entry Position:
Kino Close under ribbon, DoubleCCI With SMA and FXPrime is green.
Short entry position:Kino Close under ribbon, DoubleCCI With SMA and FXPrime is red.
No Trade Zone: Kino close under ribbon is yellow.
Profit exit: price toches SpudfFibo level, price crosses Kino T3 Ma Ribbon filled (27, 36)
Stop Loss: 8-10 pips and move to breakeven.
Most of the time two or three trades are possible here. The same goes for the opposite direction when price falls out of TF1 ribbon and TF1 ribbon falls under both TF5 and TF15 ribbon (Strong Downtrend)….. now check #Kino_CCI_RSI_v5 and look for more than 1 Short trade in a row.
3. When price goes from one zone (say TF1) towards another (say TF5) look for support or resistance on the edges. Look at Chart 2. Usually a zone can be entered by price when a zone is widening and price will be rejected when a zone is narrowing. When a Zone is very narrow resistance/ support will
usually be high, though price crosses with ease right at the center crossing of a ribbon (i.e at crossing
of ribbon lines of that specific TF ribbon. Most of the time this will be the case with TF1 Ribbon when this happens).
4. Trading in the space between Ribbon Zones (i.e. in black area) usually too presents good trade
setup possibilities when price is not (immediately) going to be rejected by a nearby Ribbon or a pivot, etc. The wider the black space between the zones the better the chances for a good trade setup….. yet always verify any trade at the same time with #Kino_CCI_RSI_v5 and strength of divergency.
5. Trading inside a wide opened zone (say TF15) is also possible, For instance when trading GBPJPY you will notice this zone quite often to be very wide. Now when TF1 ribbon has entered and price rises or falls out of TF1 ribbon…… and simultaneously TF5 ribbon being at sufficient distance for price not to be rejected…..price quite often will rise or fall to the other side of the TF15 ribbon. Example 4:
Trade starts inside TF15 ribbon on support of both TF1 and TF5 Ribbon…. read more on the pdf in attach….