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Re: The "Flip" Trade (support and resistance changing roles)
Ok as we wait today for the feds number we have more flips on the move...
The first chart is the 55 Tick chart where we monitor for flip formations... you will notice how clearly we broke resistance to then become support , giving us some flip trades...
I am experimenting some other timing alternatives to make timing easier....
1rst experiment : instead of waiting 0 line cross, we can take +-100 recross for timing... for this we can also see with more detail the exact same information on a 22T chart... (can help more precise timing ) its the same cci from 55T...
2nd experiment : we had a zlr type timing for the last flip, so we can take the zlr at the 22T crossing the +50 line making more easy the entry...
I am using cci 14 from 55T chart, the exact same cci will be a cci 35 on a 22T chart... this breakdown is to help more precise indicator reading...
dont forget I am a left brained guy.... cheers Walter.
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