I don't wait for the candle to close beyond the wick, only that previous high/low must be broken by the current price. On a buy, price must simply move above the previous high to trigger the entry, and for a sell it must move below the previous low. This is my personal rule. You, or others, might prefer the candle to close beyond the previous high/low. This is the real beauty of this strategy...it give you a core, but lets you build around it with your own personal tweaks! Cheers.
i prefer this your strategy to quite alot i have come across, at least it is very honest and judgemental, best strategy out there so far though
Yes...this is shaping up very nicely, and I would expect a sell signal today if price breaks below the previous low...does not have to close below!
exactly, i reckon a buy would occur before the sell starts, but i am going to wait for a sell candle to close below the low wick before i go in
Be careful. Always good to get a longer-term perspective. Take a look at the D1 chart:
ofcourse, it will be a minimum close at the next h4 if entered, i wont wait for for SMA crossover
if the CCI is above -100 not passed the 100, a buy candle on H4 goes past the sell candle sitting on 50 EMA, buy closes above 1.25945 of that sell candle, i would enter and close next H4, would set my SL on that last buy candle that closed above that price, a little risk i would be taking, but its worth it on this simple strategy...watchout for the GU H4
