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Rsi Breakout
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milanpaukovics

Member Since Feb 01, 2010  10 posts milanpaukovics Mar 08 2010 at 15:24 (edited Mar 08 2010 at 15:36 )
here is my setup for today (EURUSD). i just entered short position with stop loss above the last peak. the price couldn't breach the minor channel resistance.<br><br><a href=''></a><br><br>

Attachments: eurusd080310_sB.PNG
bizWiz

Member Since Aug 06, 2009  396 posts bizWiz Mar 08 2010 at 16:14
thanks milanpaukovics! glad you like it.

by the way, i've closed all of my recent positions for a bit of profit, since it didn't develop as i've expected.

i've looked at your chart, and do not see any symmetrical channels - which what i've found to be the most effective formations.

do feel free to post your charts here, i might pick up a few ideas from you also smiley

what the other lines? bollinger? or ma's? do you use them?

Sleep is for the weak.
milanpaukovics

Member Since Feb 01, 2010  10 posts milanpaukovics Mar 08 2010 at 16:45
i use bollinger, stochastic slow, rsi (14&20) and MA200.

and finally i just closed my short position for today wih 61 pip profit as i expected:
<img src=''>

Attachments: eurusd080310_t7.PNG
bizWiz

Member Since Aug 06, 2009  396 posts bizWiz Mar 08 2010 at 17:11 (edited Mar 08 2010 at 17:11 )
nicely done!

i've dropped all of the indicators since i don't see any better results when using them, in fact, they often filter out good setups.

here's a setup developing in gbpusd:
<a href=''/></a>

the is starting to break the channel - what i'm looking for is a bit more downward movement, then a retrace to the old support which where i will look to open a short position (circled).

Sleep is for the weak.
Attachments: 68.png
milanpaukovics

Member Since Feb 01, 2010  10 posts milanpaukovics Mar 09 2010 at 08:11
here is the new setup for me, actually the opposite way as yesterday, because the price bounced back from its resistance, the question is: which way does continue, there is two minor channel... looking forward it!
<img src=''>

Attachments: eurusd090310_Uf.PNG
bizWiz

Member Since Aug 06, 2009  396 posts bizWiz Mar 10 2010 at 12:39
starting to see some weakness in the usd so re-entered short usdjpy:

<a href=''/></a>

Sleep is for the weak.
Attachments: 69.png
robw135

Member Since Jan 17, 2010  140 posts Robert (robw135) Mar 10 2010 at 22:08
Hi

Does anyone know of an RSI indicator or EA that would look at all the time frames of each pair on a platform and display the RSI or other indicator value in a separate window in a table form.

thanks

Definite Goals & Burning Desire To Achieve Them
bizWiz

Member Since Aug 06, 2009  396 posts bizWiz Mar 11 2010 at 12:18

robw135 posted:
    Hi

Does anyone know of an RSI indicator or EA that would look at all the time frames of each pair on a platform and display the RSI or other indicator value in a separate window in a table form.

thanks


i do not know of one, but it should be pretty easy to create if you're familiar with mql.

on another note, usd is showing weakness across the board, so i'm expecting the usdjpy to start dropping soon.

Sleep is for the weak.
bizWiz

Member Since Aug 06, 2009  396 posts bizWiz Mar 11 2010 at 18:22 (edited Mar 11 2010 at 18:30 )
the usdjpy pair just doesn't want to go any lower.. the usd is still losing grounds on the other pairs so i'm still positive it should go lower.

Sleep is for the weak.
bizWiz

Member Since Aug 06, 2009  396 posts bizWiz Mar 15 2010 at 12:13
trying a long gbpusd:

<a href=''/></a>

Sleep is for the weak.
Attachments: 70.png
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