零线抑制 (Zero Line Reject)

Greetings Traders, (the following is an edit to benefit all those with jobs)

The following is a trading strategy I think I'm gonna like. If you like it, use it. I called it the zero line reject. The original author calls it something else.

It has losers, trading always will have. I have back tested this, D1, H4 and H1 as well as H1, M15 and M5. Any scalping is done during an active session.

It has very simple rules, easy peasy. You can have a FT job and trade this with success. That's the main reason I'm sharing this. I was looking for a system for the 1H.

My personal chart will look something like... D1, 34 EMA, 14 EMA, 816 EMA, 14 CCI, 50 CCI and fractals. I think that's it.

I wait for a Divergence on the Daily. When the 14 CCI closes below the 100 for a "short". From there I wait a day or more. I head to the H4 and plot my fibs from the highest high to my most recent low. If price reaches near the 61% level, I head to the H1 to set up a Pending order/Entry. I trade Asia and NY.

EDIT~I still use the 50 and 14 CCI. Settings do not make a difference. I often trail with a 50. Those will jobs can spend Sundays evaluating the W1, a few minutes daily evaluating the D1, and take trades on the H1.

Manage-... take a portion off at 1:1 and trail the rest {at minimum set an alert}... trail by fractals when the 50 CCI comes down below zero... adjust stop to the fractal highs of the candle when price closes below the 34 EMA.

Risk is completely up to you, do not bet the farm.

I will post charts. This first chart is way controversial, price makes it to the 34, not necessarily above it, it's your call. I would've traded it, I gave it a vertical line.

Enjoy the testing friends
Reno