ITB - Seeing Orderliness amongst 'Randomness'
Need small modification on my RSI cross/touch RSI alert 0 replies
RSI cross indicator when rsi=50 19 replies
RSI (Fast) above/below RSI (Slow) displayed as a Histogram 5 replies
Dislikedhow come i got a feeling that this is going to look like a branch out version of TMS? LOL.Ignored
Disliked{quote} I noticed you are using TDI Took a buy GBP/JPY trade this morning, M15 PA was above daily open and pivot. RSI above 50 horizontal while 34SMA was flat. PA quickly went below daily open and pivot 45 minutes later and trade became a loss. Should we avoid taking a trade if SMA is flat?Ignored
Disliked{quote} ask yourself why buy and not sell?. mostly likely not enough checking on htf. as mentioned in post #1 sma sloping angle tells the current trend (not the main trend). when flat means wait and see what happen next. TDI is a derivative of RSI, looks a bit smoother with all the bells and whistles. look at the chart below. when 13 sma and 34 sma go in opposite direction, price ranges. when both going same direction then current trend resumes. {image}Ignored
Disliked{quote} You are right, I didn't check HTF. May I know what's your setting for TDI, is it default? I do agree TDI is "easier" to look at.Ignored
DislikedEurUsd M5: Breakeven The RSI closed below the 50 level and both SMAs so I entered. Once the RSI closed below the trend line I really thought that I had the trade but price reversed. I had long since moved my S/L to one pip below my entry so I still came out ahead. Price came within a pip of my target. ARRRRGH. But keeping things in perspective, there are worse outcomes than a breakeven... {image}Ignored