M5/15 RSI 50/50 Test Journal | Page 31 | Forex Factory

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M5/15 RSI 50/50 Test Journal

  • #601
  • Jun 6, 2019 9:25am Jun 6, 2019 9:25am
This just came up:

2(b) retracement entry in the direction of the main trend.
Dashboard nicely lit up.
Attached Image (click to enlarge)
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  • #602
  • Jun 6, 2019 9:54am Jun 6, 2019 9:54am
And yes!
It went the distance...
Attached Image (click to enlarge)
Click to Enlarge Name: 04a_EurJpy_M5_June06.png Size: 74 KB
  • #603
  • Jun 6, 2019 9:55am Jun 6, 2019 9:55am
Quoting Inthebox
{quote} observe usdcad. look for retracement upward to a minor resistance.
You called that one perfectly!
I missed the entry.

Maybe re-enter after it retraces.
  • #604
  • Jun 6, 2019 10:03am Jun 6, 2019 10:03am
usdcad 3brp m5
ITB - Seeing Orderliness amongst 'Randomness'
  • #605
  • Jun 6, 2019 10:18am Jun 6, 2019 10:18am
Quoting Inthebox
usdcad 3brp m5
Took it as 2(b) re-entry...
Attached Image (click to enlarge)
Click to Enlarge Name: 05_UsdCad_M5_June06.png Size: 67 KB
  • #606
  • Jun 6, 2019 10:20am Jun 6, 2019 10:20am
Quoting Inthebox
usdcad 3brp m5
tp
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #607
  • Jun 6, 2019 10:26am Jun 6, 2019 10:26am
Quoting Inthebox
{quote} tp {image}
Nicely done!
  • #608
  • Jun 6, 2019 10:27am Jun 6, 2019 10:27am
...And I moved my S/L to breakeven (+1 pip) when I saw price tickle yesterday's low.
So I made 1 pip - which is still a lot better than a poke in the eye with a sharp stick...
Attached Image (click to enlarge)
Click to Enlarge Name: 05a_UsdCad_M5_June06.png Size: 68 KB
  • #609
  • Jun 6, 2019 10:39am Jun 6, 2019 10:39am
Quoting pipShine
...And I moved my S/L to breakeven (+1 pip) when I saw price tickle yesterday's low. So I made 1 pip - which is still a lot better than a poke in the eye with a sharp stick... {image}
if you had chosen previous day's low as target, when nearing switch to m1 and watch candle.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #610
  • Jun 6, 2019 10:48am Jun 6, 2019 10:48am
Quoting Inthebox
{quote} if you had chosen previous day's low as target, when nearing switch to m1 and watch candle. {image}
Nice strategy!
I'll remember to do that next time.
  • #611
  • Jun 6, 2019 1:38pm Jun 6, 2019 1:38pm
2a entry to previous day's low.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 24 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #612
  • Jun 6, 2019 11:55pm Jun 6, 2019 11:55pm
some room to move up to the next level if immediate resistance is broken
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Click to Enlarge Name: Image1.png Size: 23 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #613
  • Jun 7, 2019 3:08am Jun 7, 2019 3:08am
Nice thread. Subscribed.
  • #614
  • Jun 7, 2019 3:20am Jun 7, 2019 3:20am
close your eyes and relax .........
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #615
  • Jun 7, 2019 7:15am Jun 7, 2019 7:15am
Quoting Inthebox
some room to move up to the next level if immediate resistance is broken {image}
The fractal levels line up very nicely with the fib levels on this chart!
  • #616
  • Jun 7, 2019 7:53am Jun 7, 2019 7:53am
price broke down h1 support turned resistance and been tested many times.
most of the time below london and day open.
2a retracement entries. risky news.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #617
  • Jun 7, 2019 8:03am Jun 7, 2019 8:03am
still holding to yesterday's losing ej trades (losing ones become long term trades hahaha).
d1 chart shows strong resistance.
ITB - Seeing Orderliness amongst 'Randomness'
  • #618
  • Jun 7, 2019 8:09am Jun 7, 2019 8:09am
all gbp down except gbpusd
ITB - Seeing Orderliness amongst 'Randomness'
  • #619
  • Jun 7, 2019 9:21am Jun 7, 2019 9:21am
Quoting Inthebox
price broke down h1 support turned resistance and been tested many times. most of the time below london and day open. 2a retracement entries. risky news. {image}
Quite a drop!

It's always been my habit not to trade NFP Fridays - just give myself the day off.
(Sometimes I have to trade on Canadian holidays that aren't observed by the US or GB.)
So it all works out.
Instead I'll go out and play...

Have a great weekend!
  • #620
  • Jun 10, 2019 2:25am Jun 10, 2019 2:25am
This is for those who like to trade the fast lane of m5 and m1 charts.

The m5 - 12/48/288 SMA will track the H1/H4/D1 candles respectively.
The m1 will use the m5 settings tracking the H1/H4/D1 candles.
The m15 - 12/48/288 SMA will track the H3/H12/D3 candles respectively.

Buy when price closed above the m5 - 12/48/288 SMA (green – that's when RSI 50 is above the 50 level line) and blue fractal.
Sell when price closed below the m5 - 12/48/288 SAM (red – that's when RSI 50 is below the 50 level line) and red fractal.
* Trade entries can be verified if need be with the post #1 - 5 entry types rule.

Trade entries can also be made on a less favorable condition :
Buy when price closed above the m5 – two of the three SMAs (green – when RSI 50 is above the 50 level line) and blue fractal.
Sell when price closed below the m5 – two of the three SAMs (red – when RSI 50 is below the 50 level line) and red fractal.

Stop Loss (beyond fractal or significant support/resistance) according to your own experience.
Take Profit 4 – 12 pips or 80% of Stop Loss amount.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 27 KB
Attached File(s)
File Type: ex4 Dashboard RSI v2.ex4   24 KB | 383 downloads
File Type: ex4 dayHL with Open.ex4   3 KB | 335 downloads
File Type: mq4 dayHL with Open.mq4   3 KB | 352 downloads
File Type: ex4 ma rsi (mtf + alerts).ex4   27 KB | 358 downloads
File Type: mq4 ma rsi (mtf + alerts).mq4   7 KB | 372 downloads
File Type: ex4 SR.ex4   9 KB | 386 downloads
File Type: mq4 SR.mq4   1 KB | 409 downloads
File Type: ex4 Traders_Dynamic_Index.ex4   16 KB | 335 downloads
File Type: mq4 Traders_Dynamic_Index.mq4   17 KB | 330 downloads
ITB - Seeing Orderliness amongst 'Randomness'
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