AlgoBox™ FlowMaster™ Crosses are an indication that large volume of trading activity is occurring.
FlowMaster™ Crosses can also be used as indications of reversal.
When a Double Cross appears near the edge of an accumulation zone, this is considered a DCR setup. The Crosses should appear within a maximum of ten to fifteen AlgoBars of each other.
Double Cross Reversals or "DCR" appearing at the top and bottom of the range/accumulation zone, signalling a potential for reversal at the edges of the zone.
DCR trade at the bottom of a zone, with a stop behind the FlowMaster™ Cross and T1 & T2 targets.
As usual, stop losses are ideal behind the farthest FlowMaster™ Cross.
Strategically place Target 1 in the middle of the zone and Target 2 on the opposite side. If you're trading with the higher time frame trend, consider adding Target 3 or a 'runner' position beyond the zone, using signals like Harmonic P-PRZ or VL123.
Video Tutorials: DCR
WATCH: A short tutorial on the Double Cross Reversal strategy.
WATCH: A short tutorial on the Double Cross Reversal strategy.
WATCH: Vinny E. Mini takes a live DCR trade. Note the confluence with the Shark PRZ.
