I ran a NQ chart. I do not believe there is enough volume to pursue this idea there. The cci just won't move far enough. But if cci elevations were moved to 100 there may be potential. I will try watching it for a while. Still need a third to filter.
The ES had a long on the 8:50 print and then going short on the 10:00 print
My original ambition was three points from 4 AM to 4 PM (per trade). But watching it has proved greater potential exists. The two studies alone may work with properly managed risk. A reliable trailing stop or other mechanism is needed to mangage the trade to let runners go.
I am thinking a half out at three and using my body average in a studied parameter combination. Make the template a system in itself with hard rules like most of my other stuff.
The problem is, while its accuracy in identification is strong, some trends wander a couple points before seeing green lights on the scoreboard. As always, management is the real hero of any tool. |
