M5/15 RSI 50/50 Test Journal | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Why EA test is forward test better than back test?? 1 reply

RSI, MA, BOLL or RSI, BOLL MA diferents results 2 replies

Attachments: M5/15 RSI 50/50 Test Journal
Exit Attachments

M5/15 RSI 50/50 Test Journal

  • #101
  • Apr 25, 2019 2:10am Apr 25, 2019 2:10am
for the last 10 min, the range since frankfurt to london open widened. watch carefully.
ITB - Seeing Orderliness amongst 'Randomness'
  • #102
  • Apr 25, 2019 3:11am Apr 25, 2019 3:11am
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #103
  • Apr 25, 2019 3:18am Apr 25, 2019 3:18am
how come i got a feeling that this is going to look like a branch out version of TMS? LOL.
ITB - Seeing Orderliness amongst 'Randomness'
  • #104
  • Apr 25, 2019 3:22am Apr 25, 2019 3:22am
wow
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #105
  • Apr 25, 2019 3:42am Apr 25, 2019 3:42am
a number of fake outs. that's why dashboard does not tell the whole story. it tells momentum and direction at that particular moment. go back to the charts to wait for a more precise entry.
ITB - Seeing Orderliness amongst 'Randomness'
  • #106
  • Apr 25, 2019 3:46am Apr 25, 2019 3:46am
Quoting Inthebox
how come i got a feeling that this is going to look like a branch out version of TMS? LOL.
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?
  • #107
  • Apr 25, 2019 3:49am Apr 25, 2019 3:49am
Sold GBP/USD based on M15. This trade went TP.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 36 KB
  • #108
  • Edited 4:17am Apr 25, 2019 4:00am | Edited 4:17am
Quoting kellycml
{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?
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.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #109
  • Apr 25, 2019 4:52am Apr 25, 2019 4:52am
look m30 candles commanding the range from frankfurt till london. and held between day pivot and open.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #110
  • Apr 25, 2019 6:33am Apr 25, 2019 6:33am
Quoting Inthebox
{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}
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.
  • #111
  • Apr 25, 2019 6:39am Apr 25, 2019 6:39am
they already made their moves during london open.
will there be a reversal during 8.30 am ny time?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 39 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #112
  • Apr 25, 2019 6:42am Apr 25, 2019 6:42am
Quoting kellycml
{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.
here
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #113
  • Apr 25, 2019 6:46am Apr 25, 2019 6:46am
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #114
  • Apr 25, 2019 7:53am Apr 25, 2019 7:53am
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 26 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #115
  • Apr 25, 2019 8:01am Apr 25, 2019 8:01am
gu watching reversal to day open.
gj watching reversal to previous day low.
ITB - Seeing Orderliness amongst 'Randomness'
  • #116
  • Apr 25, 2019 9:34am Apr 25, 2019 9:34am
jpy is strong
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #117
  • Apr 25, 2019 1:35pm Apr 25, 2019 1:35pm
EurUsd 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...
Attached Image (click to enlarge)
Click to Enlarge Name: 03a_EurUsd_M5_Apr25.png Size: 76 KB
  • #118
  • Edited 11:49pm Apr 25, 2019 11:37pm | Edited 11:49pm
Quoting pipShine
EurUsd 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}
thanks for bringing this up.
doing some hindsight analysis.
could be your spread that made the difference in getting that tp.
the entry was according to the rule. now take a closer look at the price chart 50 SMA's sloping angle acting as a filter.
at the spot where you executed the sell, the candle closed under the red 50 sma which also means that the rsi was under the 50 horizontal line. the slope of the red 50 sma was pointing upward.
yes. the color of the sma will indicate whether the rsi is above or below the 50 horizontal line.
i highlighted the arrows where possible entries having higher chances of survival could be made after taking into consideration of the sloping angle of 50 sma.
guess it's about time to update some of the things in post# 1.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 21 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #119
  • Apr 26, 2019 1:53am Apr 26, 2019 1:53am
listening to Janet Seidel .......
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #120
  • Apr 26, 2019 4:21am Apr 26, 2019 4:21am
GBP/CAD - M15. This time I make sure I checked HTF (H1), TDI pointing up, PA above daily open and pivot . A little late to the game, but managed to hit TP.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM15.png Size: 55 KB
1 trader viewing now