Choosing a system

TEAMTRADER

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Tim/counter_violent,
Basically this is a post my indicators, template and methodology.
The methodology is the 'type' of the trade and it is targeting REVERSALS as a low risk strategy.
Why? Because a correct reversal 'picks' the actual top or bottom of the chart within the timeframe chosen and offers the biggest profit. When it is wrong, the trade has an exact risk rather than a nominal risk.
Can it be used for other types of trading?
'Options' can benefit from this strategy - 'no touch' for example as illustrated on FTSE 5m chart.
The same illustration FTSE 5m shows a short trade based on a perceived short reversal.
The principle is simple - the Momentum Divergence Predictor (CCI-55) has auto drawn trendlines over/under it. The start of a 'new' trendline is the start of a new reversal opportunity which is waiting for the new trend to peak or trough. The end is detect through chart BB-Stop colours (like ma's), confirmer indicators MACD and Stochs (2 stochs superimposed to show when there is divergence on stochastics, this is in addition the divergence on the CCI as, between them, they get all divergences). The blue histos on the DP are divergence.
Use the template as anyone wishes as it will be good for trend trading as well as low risk scalping, which was my particular way of trading when I traded.
Recommend all users stick to one trading strategy to begin with so expertise and confidence is built up.
Regards
TEAMTRADER
 

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