248# Color CCI Scalping with JJN Been
Submit by JamesUK 06/11/2012
Time Frame H1, H4, daily.
Currency pairs: any also you trade metals and commodities.
Indicators:
Color CC1 setting (14, -60, +60).
JJN Been Candle
This strategy make scalping on the one max two bar. This strategy is good also for binary options.
Long Entry
Wait JJN Been arrow green, open buy if color CCI and candle are green.
Short Entry
Wait JJN Been arrow red, open buy if color CCI and candle are red .
Do not open buy or sell position if CCI is yellow.
Profit Target depends by time frame (h1 or H4) and currency pairs. The profit target is very fast.
Profit Target H1 Time Frame:
15-20 pips.
Profit Target H1 Time Frame:
15-20 pips.
Profit Target H4 Time Frame:
20-30 pips.
Profit Target daily Time Freme:
40-60 pips.
Stop loss:
for sell 10 pips above the high of the previous bar ;
for buy 10 pips below the low of the previous bar ;
Stop lossfor daily Time frame is:
for sell 20 pips above the high of the previous bar ;
for buy 20 pips below the low of the previous bar ;
In the pictures Color CCI Scalping with JJN Been in action.
Color CCI Scalping Trading System:Template
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