Williams Vix Fix to watch on CADJPY
Updated
Trend following trade methodologies are not easily understood by most, I've come to appreciate. The WVF backtesting that I've done suggests that it can be a useful method or tool. CADJPY is in a broad up-trend. The recent deep pullback on weekly followed by recent aggressive and filtered entry signals, could well spell further up-trend. Successful use of the WVF in this method of trend following requires much practise. WVF signals are valid only in certain circumstances and relative to their own time frame. newtrader.club/2015/10/06/revisiting-the-williams-vix-fix/
Note
I've now moved away from Williams Vix Fix. It's reasonably good at spotting impulse changes and trend changes. Overall I'm more into following trends instead of spotting trend changes. It's still a useful indicator.
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