Friday, July 29, 2011
Thursday, September 16, 2010
Friday, July 2, 2010
Thursday, June 24, 2010
Trade Plan for EU
I am going long on eurusd with a target of 1.2550, this can go to 1.2650 also
my SL will be below 1.2200
Sunday, June 20, 2010
My Trade Plan for Cable on June 20, 2010
Well, I decided to link this blog to my website http://www.forexlionfx.com/ so that I can keep a record of my trade plans and have it easier to update the plans on a post by post basis.
Needless to say, my trade plans are intra week and not intra day, I decide my entries based on daily charts, but enter based on 1 hour and 4 hour trends.
Well for now, we are all set to target 1.5000
My trade is to Buy Cable with SL 1.4720 and TP 1.5000
Thursday, April 16, 2009
The Power of CCI
The Commodity Channel Index is often used for detecting divergences from price trends as an overbought/oversold indicator, and to draw patterns on it and trade according to those patterns. In this respect, it is similar to bollinger bands, but is presented as an indicator rather than as overbought/oversold levels.
The CCI typically oscillates above and below a zero line. Normal oscillations will occur within the range of +100 and -100. Readings above +100 imply an overbought condition, while readings below -100 imply an oversold condition. As with other overbought/oversold indicators, this means that there is a large probability that the price will correct to more representative levels.
In my chart above I have used CCI 8 and CCI 13
The way to add them on the same chart overlapping each other is to drag and drop over each other.
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