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Rsi Breakout

milanpaukovics
Mar 08 2010 at 15:24
10 posts
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='' target='_blank'><img src=''></a><br><br>

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bizWiz
Mar 08 2010 at 16:14
397 posts
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 😄

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

Sleep is for the weak.
milanpaukovics
Mar 08 2010 at 16:45
10 posts
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=''>

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bizWiz
Mar 08 2010 at 17:11
397 posts
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='' target='_blank'><img src=''/></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).

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Sleep is for the weak.
milanpaukovics
Mar 09 2010 at 08:11
10 posts
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=''>

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bizWiz
Mar 10 2010 at 12:39
397 posts
starting to see some weakness in the usd so re-entered short usdjpy:

<a href='' target='_blank'><img src=''/></a>

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Sleep is for the weak.
Robert
robw135
Mar 10 2010 at 22:08
140 posts
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

bizWiz
Mar 11 2010 at 12:18
397 posts

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
Mar 11 2010 at 18:22
397 posts
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
Mar 15 2010 at 12:13
397 posts
trying a long gbpusd:

<a href='' target='_blank'><img src=''/></a>

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Sleep is for the weak.
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