Laura how do you apply the rsi ?
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Disliked{quote} The entry should be at or near the upper band for shorts. Are you asking where to get short or have I misunderstood?Ignored
DislikedFor anyone having issues using the RSI tool, I have attached an alternative. Settings are 240,1440,10080,0,500 - that will give you a historical picture of the RSI value but the current value is also visible in the indicator window. Hope this helps. Laura {file}Ignored
DislikedHi LauraT Iv'e had a couple of successful trades today but more importantly I've watched many good setups that worked out well. I can see this has lots of potential and will keep learning with great interest. Thanks for your work MartinIgnored
DislikedThis was an aggressive trade I took earlier. {image} It turned out great but you'll notice that it 'broke the rules' and it's only fair I 'fess up to doing so lol. I anticipated a channel failure and pulled the trigger while price was at the bottom of the channel. Pretty naughty. Wanted to post that to show those who might be learning that we all make decisions which could be improved. It's ok and no need to beat yourself up over it. Sure, the trade turned out fine but remember we are separating outcome from execution. It was a well managed trade...Ignored
Disliked{quote} In my research I found that in most times at inflection point there'll be execution windows available. Aggressive execution exposes the trade to higher potential cost. Anyway there're 2 possible executions after your entry. Just want to point this out.Ignored
Disliked{quote} Absolutely. It was poor discipline. Which is exactly why I posted it. I think sometimes people who are struggling look at all the 'perfect' trades that are posted and think there is no way on earth they will reach that level. But sometimes we all (ok, I can only speak for myself here lol) press the button at inopportune moments.Ignored
DislikedTook this buy trade on GPB/NZD from the H4 chart. However I noticed the channel is still approaching the SMA.... did I entered this one too early? Appreciate all the support in this thread! {image}Ignored
DislikedTook this buy trade on GPB/NZD from the H4 chart. However I noticed the channel is still approaching the SMA.... did I entered this one too early? Appreciate all the support in this thread! {image}Ignored
Disliked{quote} Yes quite early, for a longer term trade, adr low is there but its more intraday... And theday is about to end..... Edit: Laura beat me hahaIgnored
DislikedTook this buy trade on GPB/NZD from the H4 chart. However I noticed the channel is still approaching the SMA.... did I entered this one too early? Appreciate all the support in this thread! {image}Ignored