Now look what you made me do...
Need small modification on my RSI cross/touch RSI alert 0 replies
The Best of The Best Trade Follow up RSI 6 Divergence 7 replies
RSI cross indicator when rsi=50 19 replies
RSI (Fast) above/below RSI (Slow) displayed as a Histogram 5 replies
DislikedI got out of this for +12 short as it seemed greedy to go for more at this hour but just drew the rsi t/line on and realise this could be a big move if it holds. Coming up to 1.4000 though. lets see.Ignored
DislikedHi Andy,
Nice trade.
Bollinger Bands work well with the RSI
I can't check your charts, but I'll bet that the Bollinger Bands had formed a throat about 4/5 bars back - expect an expansion in volatility i.e. a breakout
and the RSI was in the 60 zone - expect a rebound, price still in a down move or at least a sideways movement until the RSI breaks above 60 when a new up move may start
Just my two pence worth
May be worth checking out?
Happy pipping
PeterIgnored
DislikedGot it.
Never more than 9 points down, trade closed for +35. Look how the break of the t/line came down to test the lower/slower t/line and test the 40/60 levels. Check out M3 and pivot point touches. Nice start to the day when you wake up to that.Ignored
DislikedNice trade Andy. I would use the rsi trend line to exit as well. It can keep you in good trades, longer.
KareemIgnored
DislikedHi K.
I agree that can often be the case although once the line is broken down for a short we then have to wait for a pullback to give us two points to draw the down t/line to keep us in the trade. My entry and profit taking usually mean i'm out with profit before that pull back. Including the 35 overnight I am up 83 pips today. Had some on the upmove and 20 on the reversal from 1.4040. It was another nice line break after the rsi got really high and the price hit m4. How's your trading going?
AndyIgnored
DislikedThanks for posting this. I've long been a fan of RSI and just recently discovered trading the rsi trendline breaks. I find that this works fine in its simple state actually. No complex indicators or cluttered charts. Just RSI and price works great for me. Again, thanks Kareem and Andy.Ignored
Disliked... continuing my spell-binding discussion above, here are two charts of the same trade in progress (short 1.4054, partial at +10, stop moved to 1.4060 just above swing high).
On chart 1 I have drawn a red vertical line at the "TRIX + QQE entry", which the close-only parabolic didn't agree with. My actual entry was based on a simple "123 triple break", a personal favourite.
Chart 2 shows Kareem's RSI 21, which as I write is keeping me - just - in the trade, but has just caused me to lower my stop above that swing high 1 pip above...Ignored
DislikedHi All.
In light of the recent craze for multi coloured indis across the bottom of the screen I didn't want the RSI thread to not have been seen to make some sort of effort.
I have attached a chart for your consideration. It uses RSI color indi set at 51 for green and 49 for red, blue between.
Repainting. It will repaint only the current bar if it is hanging around the 50 level but on a 1 minute chart you won't have to wait long for it to stop or perhaps rewrite the code for me for nothing.
I have used 14 and 21 to stop any arguments between myself...Ignored