Dislikedjust started reading your thread, great info thank you for sharing. I see you use RSI, what do you think about using a 3 period RSI.?Ignored
and welcome.
you may disagree with my thoughts on RSI...it is a simple tool, i use to warn me to look into other conditions, and not by itself a signal.
RSI has limitations, especially right after a ranging period, or a longer trending move.
plus if you noticed, i dont care the "book knowledge" of crossing 30-70.
thus i use a simple, plain, stock 14 period RSI. just the basic default one.
never tried to play around much with settings, i believe ultimately it isnt the tool that makes things work out.
(i believe that CCI, or RMI, etc could also work out just the same as RSI... )
just like the CSM i use, also default settings.
and the rest is some horizontal lines, mostly, virtually most case, as i like the charts pretty plain, as on the screenshots...thus i just use MT4 default price alert function at horizontal areas of my interest ( mostly a recent high/low zone).
and finally i consider ADR, but since it trade daily, it is also mental, just "by the feel", really.
since i trade only approx 10 pairs more regularly, it is easy to remember what their ADR is approx.
happy trading!
there is always, always another trade!!
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