Guys, this is excellent work.
My purpose of this thread is make trades more reliable. more confident. I have gone through a lot of indicators, systems, experts, methods... in a period of 9 months. The sole purpose of this 9 months was to study as many indicators i can. trading was not on my adenga. I developed a lot of systems and posted some of them here in the hope of getting feedbacks. I met a lot of traders thanks to TJ and learnt from them. Almost one thing is for certain, trading is not about perfect entry or perfect exit.
Its a mind game where we are well prepared with our line of actions. Every WHAT-IF scenario is thought of. Each possible scenario has a well defined action. Before u enter a trade, the stop loss is clear. So next day, when trading begins, our emotions remain in check, because we are trading as per our plan. Market cant surprise us.
Risk management and position sizing. This is totally neglected. The broader picture is neglected. Not many trade multi time frame. Everyone wants a holy grail or a system they can trade. The process of trading is not about charts. Its a internal fight with our own fears. Our biggest loss always happens when we panic. And no system will prevent that without a proper well defined plan.
Coming back to this thread. The reason to select cams is because its forward looking. It tells us with a fair bit of accuracy where the balance is tilted to one side. Thats all we want from it. Its very important to realise that when the trend is bullish, it doesnt matter where we buy, we have a higher probability of success if we go for Long trades. converse is true for bearish trends.
Now once price is in the L3-L4 or H3-H4 zone, this is where CCI comes in.