DislikedSometimes divergence is like a "holy grail". You should find the best point to doIgnored
My stops are always at 20 pips.
Thanks for the post.
Kareem
Arb-Trader
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
DislikedHi, Kareem ,
Hope all's well in sunny FL.
Here's my current Ninja chart for you to consider - very simple, the result of a LOT of thought and trading... note the RSI settings :nerd:.
NB. I also need the trades to simultaneously trigger on a 233 tick TradeStation chart, which has Klinger volume (trying to get this coded for Ninja).
J.Ignored
DislikedHope all is well and i see you posting on the eur/gbp t/magic hysteria thread. I have been following it but i think it may start to get out of hand. Paulus has pulled back from moderating it today.
Are you only trading the eu futures and dax?Ignored
DislikedThe RSI really works, I use the RSI 70/30 Strategy. I took my Live account from $900 to $16,000 . . . in one week , I was 49 out of 53 trades using the RSI 70/30 , and I was only trading GBP/USD, EUR/USD, and the AUD/USD. I would trade all three currencys at the same time most of the time on the 15min chart, my target or max pip profit is usaully about 20 to 30 pips, unless i just move my stoploss up then my earnings have the potential to be alot more. It is really simple too use!!!Ignored
DislikedHi
This was my first post.
It was quite long, during writing it I lost the curser? and could not continue - is there some sort of time limit or post length restriction.
Thank you
PeterIgnored
DislikedHi Kareem and friends,
Great thread, thank you.
I am a bit of an imposter here as I only trade stocks. I trade my super fund which places restrictions on what I can trade.
However, the RSI is the basis of my trading and has been for a long time.
I am 70+ years old and trade on the daily charts (using multiple timeframes). I allocate half an hour max. to trading each day, sometimes just 5 mins to update my stops.
RSI Construction
If you plug values into the RSI formula, you will find that it is more responsive around the 50 level, as the...Ignored