89# CCI NUF with Price Action
CCI NUF trading with Impulse
Submit by Dimitri
CCI with Price Action is a simple but effective trading system very essential.
The bounces on support and resitance filtered by CCI Nuf which is also the entry timing.
This strategy has been designed for the time frame 15 min-30 mi H1 and 240 min.
The strategy is based on CCI NuF an indicator that highlights the price impulse by coloring the bars that make up the histogram of the CCI in different colors, this feature makes it easy to interpret.
Currency pairs: any.
Metatrader 4 Indicators:
Support and resistance multtime frame whit entry alert.
CCIBuf 18 periods, close.
Trading Rules CCI with Price Action
Buy
When the price bounces on the support wait that CCI NUF draw a bar of the histogram> 20.
Place initial stop loss below the support.
Profit target ratio stop loss minimum ratio 1:1
Sell
When the price bounces on the resistance wait that CCI NUF draw a bar of the histogram<- 20.
Place initial stop loss above the resistance.
Profit target ratio stop loss minimum ratio 1:1.
The strategy must be applied to at least 6-10 charts at the same time because it does not provide many signals.
This strategy while being very simple and good entry signals without complicated analysis.
Initially, this strategy can be applied only in the direction of the trend, therefore on those currency pairs that are in trend, as evidenced by the indication of the trend in the upper right box of the main chart (where the three upper time frames must be of the same color ).
This strategy has a high profittability.
In the pictures CCI NUF with Price Action in action.
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