Share
Rsi Breakout
| Subscribe to this topic | Previous 1 2 3 4 5 6 7 .. 17 Next |
|
Member Since Aug 06, 2009 395 posts
bizWiz
Oct 27 2009 at 17:23
sl hit on the eurusd. i've missed the short entry.
will look to buy at the next support: <a href=  /></a>
Sleep is for the weak. Attachments:
25.png
|
|
|
Member Since Oct 31, 2009 1 posts
FXOKIE
Oct 31 2009 at 01:31
Wonderful stuff...Finally, someone with the balls to post what he is REALLY trading as he is doing it weather it goes the right way or not...I'm so tired of seeing 'Pros' backtrace on charts from a week ago to show you how to do something.....
GREAT STUFF... I'm like a sponge...Call me Bob When a man looks in to the Abyss.....You know the rest...... |
|
|
|
Member Since Nov 01, 2009 1 posts
tinohrid
Nov 01 2009 at 19:08
Respect, that is trading, i see a lot of strategies at forums, but this is that what we need.And nobody can made robot for this strategy, i am sure. If you want to make a real money you must work hard.Rull no 1.
|
|
|
|
Member Since Aug 06, 2009 395 posts
bizWiz
Nov 01 2009 at 19:41
(edited Nov 01 2009 at 19:54 )
thanks guys, i'm glad you can make some use if it!
Bob - i agree with you, i really hate it when someone making claims he is making pips all day long with no hard proof of it. i do try to explain the market as i see it and do it before the trade actually happens. tinohrid - you're correct, this type of methodology cannot be programmed into an ea. i've been away for a couple of days and need some time to catch up with the market and see what i've missed. will update as soon as possible. Sleep is for the weak. |
|
|
|
Member Since Aug 06, 2009 395 posts
bizWiz
Nov 01 2009 at 20:05
ok, here's a quick view on the gbp/usd position:
<a href=  /></a>should have closed half position when the resistance was hit, but as said previously i was away for a couple of days so was unable to do so. as you can see, price is coiling around the resistance, which signs the channel is not broken yet. stop loss should be just below the last low of the channel which is around 1.6230 Sleep is for the weak. Attachments:
26.png
|
|
|
|
Member Since Aug 06, 2009 395 posts
bizWiz
Nov 01 2009 at 20:21
(edited Nov 01 2009 at 20:22 )
and here's the eurusd position:
<a href=  /></a>we did in fact had a bounced off of the support as i've predicted on earlier posts (for about 130 pips), but the price didn't go up and created a minor channel. now it could go both ways - up or down. i'm still biased towards the up side as it is still the trend and will hold my long position. if the price will continue down, then i will start looking for a short entry. Sleep is for the weak. Attachments:
27.png
|
|
|
|
Member Since Aug 06, 2009 395 posts
bizWiz
Nov 02 2009 at 20:41
(edited Nov 02 2009 at 20:42 )
the eurusd is just about to breakout, as it has created a triangle:
<a href=  /></a>
Sleep is for the weak. Attachments:
28.png
|
|
|
|
Member Since Aug 06, 2009 395 posts
bizWiz
Nov 04 2009 at 19:39
update on the positions:
gbpusd - doing well, looking to hit target <a href=  /></a>eurusd - also looking good, might exit at the closest resistance, looks like it can still go down before continuing the up trend <a href=  /></a>here's the setup i've talked about in the usdcad, it's a goog time now for a short entry <a href=  /></a>Sleep is for the weak. |
|
|
|
Member Since Aug 06, 2009 395 posts
bizWiz
Nov 05 2009 at 10:59
after further review, i do not feel it is worth getting into a short position at the moment in the eurusd and will keep my long position open.
Sleep is for the weak. |
|
|
|
Member Since Aug 06, 2009 395 posts
bizWiz
Nov 09 2009 at 09:48
both positions played out. i've decided to take profit instread of partial closing as it is not clear to me where price will go at this point, so looking to have a better view.
eurusd trade overview: <a href=  /></a>gbpusd trade overview: <a href=  /></a>you can see from the above images, i managed to get nearly 700 pips. also i've stopped using rsi at all as it is now clear to me that it doesn't give me anything besides filtering trades (both bad and good with about 50% expectancy). Sleep is for the weak. |
| Subscribe to this topic | Previous 1 2 3 4 5 6 7 .. 17 Next |
