Scalping using Ergodic CCI indicators

I found this useful indicator from http://www.forex-tsd.com/

someone called fx sniper invent this indicator and using with another indicator make a system called "tlatomi". this system used in 4H time period.

i found that the ergodic CCI indicator quite useful for marking when to enter a market.
in the tlatomi system they use it the same.

put this indicator in 15m chart. you will see the indicator as seen on picture below.

the indicator will give strong signal after the line reach upper level 300, for selling signal, or after hitting below -300 for buying signal.

in tlatomi system they use it also at 4H chart to make sure entering the same trend. if at 4h chart show already reach -300, don't bother enter for sell/short. it is a buying signal for the next 4 hours. and see at 15m chart when the best time to enter.

now since i'm interested in scalping for 5 - 10 pips, here how i use it.

place the indicator at 5m and 15m chart.
use also sto 8,3,3 at both time chart (use it as usual as over bought or oversell signal)

selling signal is at the 15m chart. wait until the blue line crossing the red line heading down (it is best when the ergodic already reach 200 or 300). and the sto reaching level 50 after reached level 80 (heading down).

the best time to enter shown at 5m chart, when the line heading the same direction.

and i usually get the result after 30 - 60 minutes for 5 - 10 pips.

and the quit signal also shown at 5m chart. if the blue line crossing the red line heading up (in this sample) and the sto also give oversell signal. vice versa for the buying signal.

and it is more save to cross check it with other time frame, 30m, 1h, and 4h, to make sure we enter at the same trend. if 30m, 1h, and 4h, showing down trend and not yet or still far reaching -300 no need to againts it even the 15m and 5m chart show differently. (well sometime i do, thank goodnes it works )

it is quite save method.

i already try it with GU, EU, and UJ.

nice work with UJ since the price keep floating around.

and since sometime the green (dollar) give strong signal at the same time with these three pairs, it is nice to have them all at the same time. it will (hopefully) get 15 - 30 pips at the same time.

Download this indicator

may the pips be with you ...