thank you Steve. Yep and when you have those doji type
candles to use as a trigger, if it's a daily chart, always zoom
down to at least a 1hr and 30 min chart, verify that you have a
MACD divergence, if you don't, then chances are it's not ready.
That's how I used to filter out the CCI bungie setups, I would find
a nice looking example on the daily from the scanner, then in order
for me to even consider it a valid setup, I had to see MACD
divergence on the 60 min
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thank you Steve. Yep and
XLK Views (Follow Up From Thursday Newsletter)
Posted by matt on 14th of Oct 2023 at 04:13 pm
thank you Steve. Yep and when you have those doji type candles to use as a trigger, if it's a daily chart, always zoom down to at least a 1hr and 30 min chart, verify that you have a MACD divergence, if you don't, then chances are it's not ready. That's how I used to filter out the CCI bungie setups, I would find a nice looking example on the daily from the scanner, then in order for me to even consider it a valid setup, I had to see MACD divergence on the 60 min