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Rsi Breakout
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Member Since Aug 06, 2009 395 posts
bizWiz
Oct 21 2009 at 15:12
price finally broke up.. i've closed a position and moved the stop loss to the previous low.
here's a recap: <a href=  /></a>
Sleep is for the weak. Attachments:
17_bk.png
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Member Since Aug 06, 2009 395 posts
bizWiz
Oct 21 2009 at 19:25
(edited Oct 21 2009 at 19:26 )
just closed the other long position and looking to re-enter.
<a href=  /></a>today has been a trending day to say the least! i don't expect the eur to stop climbing up so i'm biased towards the long side. looking back on my trades, i'm considering to stop using the rsi as i don't really need it. looks like trading on pure price action is better. we'll see on my next trades. Sleep is for the weak. Attachments:
18.png
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Member Since Aug 06, 2009 395 posts
bizWiz
Oct 21 2009 at 19:29
to those wondering why i'm not connecting my account to show the actual trades - i do trade it on a real account, however i trade several more systems so it wouldn't show the true results for this system.
i do however post the trade setups before they happen, so you should be able to watch the trades live. Sleep is for the weak. |
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Member Since Aug 06, 2009 395 posts
bizWiz
Oct 21 2009 at 19:39
10 minutes later..
<a href=  /></a>
Sleep is for the weak. Attachments:
19.png
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Member Since Aug 06, 2009 395 posts
bizWiz
Oct 22 2009 at 10:01
price failed to bounce up.
getting ready to buy in the second buy area. <a href=  /></a>
Sleep is for the weak. Attachments:
20.png
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Member Since Aug 06, 2009 395 posts
bizWiz
Oct 22 2009 at 22:43
missed the second buy area by just a few pips..too bad, this would have been a profitable trade.. oh well i'll get it next time!
Sleep is for the weak. |
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Member Since Aug 06, 2009 395 posts
bizWiz
Oct 26 2009 at 08:53
still long eurusd.
i've spotted another setup in gbpusd, take a look: <a href=  /></a>anyone with me? Sleep is for the weak. Attachments:
21.png
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Member Since Aug 06, 2009 395 posts
bizWiz
Oct 26 2009 at 15:41
the eurusd might be starting a reversal, but i see a good area to buy if it doesn't..
<a href=  /></a>
Sleep is for the weak. Attachments:
22.png
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Member Since Aug 06, 2009 395 posts
bizWiz
Oct 27 2009 at 10:05
(edited Oct 27 2009 at 10:06 )
i'm sure no one expected this quick movement.. i started looking at the charts for support and what do you know? after zooming out to the daily, i found what i was looking for:
<a href=  /></a>sl almost hit. it may still go downwards, but as we all know the safest bet is going with the trend, so i'm still biased long side. as to the gbpusd setup - looks like it breaking up as it is already breaking the narrow downward channel. <a href=  /></a>i believe that once the pound will break upside, the eur will follow. i'll wait and see as usual. 
Sleep is for the weak. |
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Member Since Aug 06, 2009 395 posts
bizWiz
Oct 27 2009 at 10:06
btw, there's a setup for a short on the usdcad, but since all of these pairs are usd correlated, i see no reason to enter it.
Sleep is for the weak. |
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