After all the time of reading posts it is time to share my journal. I saw something nice with the felton indicator. Like to share this so it can be discussed and can be improved.
It can be traded on different instruments but my preference goes to CL.
CL 16 RangeNoGap.
Tradingrules : When we have a trend down or up and the felton cycle goes up/down and becomes blue/red then you start looking. When it then makes a retracement and goes back up/down and the felton cycle is far away from the candles then we have a go. Also note that the candles must be under the felton cycle if you look for longs and above the felton cycle when looking for shorts.
Stop is 15 ticks or look at the lowest or highest candles when it is near the bottom or top
I attached a chart with a trade of today.
Thanks to give your opinion, vision and or help.
Note: first trade on the chart isn't applicable(was a perry trade, that did not worked out)