Traders Laboratory - View Single Post - The "Super Coil Break" trade
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Old 05-19-2007, 07:56 AM
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Re: The "Super Coil Break" trade

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Nice setup Walter. Have you tried looking for an entry on the first pullback of the breakout and also to qualify the breakout with, say, 50 CCI > 50?
Hi Momentom : in this such large coil, you can expect big explosions on the break and many times there simply is no pullback to give you an entry... so crossing these keltner level should do it.... on a regular coil... yes, I would suggest taking the pullback wich would actually be a flip... in terms of cci 50 I am not following it... but the sinonimous reading would be with keltner... should I remind that cci oscillator 0 line works like a detrended average, so levels 100 and 200 would be equivalent to bands by x atr`s... cheers Walter.

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