Hi Master Alien,
I need some advice on following pair EURJPY. I had been shorting this one.
1)However when I see the M15 TF, RSI rise above 0. And M15 line going long, I had sold off my position to exit.
I been in conflicting on when is right time to exit.
based on M30/ H1 TF, the RSI is still below 0. While H4 TF, it is sloping down.
The logic I am exiting the position is because I take note of your advice that smaller TF outlook tend to build bigger TF.
My question , am I exiting at the right time? How to choose the best time to exit a position is it based on rising RSI or looking at bigger TF when H1 line crossing H4 line to the up?
Thank you.
I need some advice on following pair EURJPY. I had been shorting this one.
1)However when I see the M15 TF, RSI rise above 0. And M15 line going long, I had sold off my position to exit.
I been in conflicting on when is right time to exit.
based on M30/ H1 TF, the RSI is still below 0. While H4 TF, it is sloping down.
The logic I am exiting the position is because I take note of your advice that smaller TF outlook tend to build bigger TF.
My question , am I exiting at the right time? How to choose the best time to exit a position is it based on rising RSI or looking at bigger TF when H1 line crossing H4 line to the up?
Thank you.