Thread: Action Reaction

hi jos! it was audusd, H4 (look at left upper corner of my image) .. however, it's really interesting apply fibo channel at correlated pairs.

I am intrigued to see the motion, behavior, to try to find valid supports to change of trend (with a mix of tools that we are learning to improve in this community: korharmonics, Zup, fibo, CCI, RSI, SamSeiden, divergences ..).
I am happy to find the results of our other colleagues who apply this style in their own live trading. By direct comparison I can make the experience that I am accumulating, by modifying my style at the points where I see the potential (positive).
It 'a matter of learning more.

I must admit that lately I'm looking for an indicator that attracts me a lot. I also spoke with Kor4x, who seemed interested; he advised me to open a new 3d into the topic "indicators".
I understand that to have some success with the harmonic style, you must always check the above TF and that is why I used to keep a separate chart with a simple double CCI, lately I've noticed that you could make a "quintuple"-CCI, monitoring in a unique chart 5 time frames (the CCI would also take the place of a moving average of tf, and it can be used as CCI indicator at the same time). This is because one day I would like to use a single graph, separated from everything, divided in 3-4-5 windows (with 3-4-5 correlated pairs, correlated directly or indirectly), set up each window only with quintuple-CCI (that describe the 3-4-5 correlated pairs in 5 time frames).
Maybe it's a dream, but I think that it could be useful, after several hours of training.

Thanks jos, if you have other suggestions, you are welcome.

I would say mechanical, in the usdcad instance it was subjective and it didn't work out that well, there was a reaction but it didn't follow through. So mostly mechanical.

Me and Friday Street are working on putting it into an ea. :-)