M5/15 RSI 50/50 Test Journal | Page 4 | Forex Factory

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

  • #61
  • Apr 23, 2019 4:55am Apr 23, 2019 4:55am
Waiting for the RSI to cross of the trend line and then for an entry one time frame lower.
New York opens in 10 minutes...
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  • #62
  • Apr 23, 2019 5:50am Apr 23, 2019 5:50am
The RSI closed below the trend line on the M5 chart so I took a short trade. Price moved nicely toward my 8 pip one-to-one target.
A satisfying trade!
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  • #63
  • Apr 23, 2019 5:57am Apr 23, 2019 5:57am
Quoting pipShine
The RSI closed below the trend line on the M5 chart so I took a short trade. Price moved nicely toward my 8 pip one-to-one target. A satisfying trade! {image}
thanks for the signal.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #64
  • Apr 23, 2019 6:06am Apr 23, 2019 6:06am
Quoting Inthebox
{quote} thanks for the signal. {image}
Glad that it worked out!
Thank you for the RSI trend line break strategy.
  • #65
  • Apr 23, 2019 6:06am Apr 23, 2019 6:06am
playing the m1.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #66
  • Apr 23, 2019 6:17am Apr 23, 2019 6:17am
Quoting pipShine
The RSI closed below the trend line on the M5 chart so I took a short trade. Price moved nicely toward my 8 pip one-to-one target. A satisfying trade! {image}
we have added confidence after seeing the footprints left by price.
1) price could not close above the congestion resistance zone at the far left.
2) price then came down with lh ll.
ITB - Seeing Orderliness amongst 'Randomness'
  • #67
  • Apr 23, 2019 6:21am Apr 23, 2019 6:21am
Quoting Inthebox
playing the m1. {image}
Good luck to you - the M1 is too fast for me!
The candles are too long so I'm going to step away from the table for today.
It's been a good morning.
And you're right: patience is the hardest - but most important - skill to master.
  • #68
  • Apr 23, 2019 6:25am Apr 23, 2019 6:25am
Quoting pipShine
{quote} Good luck to you - the M1 is too fast for me! The candles are too long so I'm going to step away from the table for today. It's been a good morning. And you're right: patience is the hardest - but most important - skill to master.
you are doing right.
looking at h1/m30 for support/resistance zones and enter in m15/m5
ITB - Seeing Orderliness amongst 'Randomness'
  • #69
  • Apr 23, 2019 6:27am Apr 23, 2019 6:27am
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same thing.
s/r zone in higher tf. enter lh ll in lower tf.
ITB - Seeing Orderliness amongst 'Randomness'
  • #70
  • Apr 23, 2019 6:40pm Apr 23, 2019 6:40pm
Bought GBP/AUD based on M15 - used trailing stop as I was worry about news on AUD. Took 9 pips, of course on hindsight out too early. But profit still profit.
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  • #71
  • Apr 23, 2019 7:33pm Apr 23, 2019 7:33pm
Quoting kellycml
Bought GBP/AUD based on M15 - used trailing stop as I was worry about news on AUD. Took 9 pips, of course on hindsight out too early. But profit still profit. {image}
this will soon become your morning routine to get your lunch meal paid.
ITB - Seeing Orderliness amongst 'Randomness'
  • #72
  • Apr 23, 2019 7:41pm Apr 23, 2019 7:41pm
Quoting Inthebox
{quote} this will soon become your morning routine to get your lunch meal paid.
I really hope to master this. Still lack of confidence so trading on microlot. I also focus on GBP pairs during the Asian session. Thanks again for your encouragement.
  • #73
  • Apr 23, 2019 7:42pm Apr 23, 2019 7:42pm
m1 left behind trails that rsi had been hovering above 50 horizontal line most of the time since 13 sma crossed 34 sma. price also having hh hl. fantastic that price stopped going up when it reached R3.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #74
  • Apr 23, 2019 7:56pm Apr 23, 2019 7:56pm
Quoting Inthebox
m1 left behind trails that rsi had been hovering above 50 horizontal line most of the time since 13 sma crossed 34 sma. price also having hh hl. fantastic that price stopped going up when it reached R3. {image}
I am selling this pair now, given the spike and ADR is more than 170% for the last 20 days.
  • #75
  • Apr 23, 2019 7:59pm Apr 23, 2019 7:59pm
Quoting kellycml
{quote} I am selling this pair now, given the spike and ADR is more than 170% for the last 20 days.
exit if m15 candle closes above the high of current candle.
ITB - Seeing Orderliness amongst 'Randomness'
  • #76
  • Apr 23, 2019 8:53pm Apr 23, 2019 8:53pm
with double whammy aud red negative news, it requires great force and time to turn around the ship that left the port.
the only bearish candle reflects profit taking.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #77
  • Apr 23, 2019 9:05pm Apr 23, 2019 9:05pm
depending on the strength of the trend, just to illustrate on the m15 that one can still trade without any indicators.
after the trend run, there was a slow down of a bearish candle. place a pending buy 1 pip above the high. do the same thing at the next candle if the pending is not hit.
you can also see it from the previous day frankfurt open till 2 or 3 hours into new york open.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #78
  • Apr 24, 2019 12:16am Apr 24, 2019 12:16am
ga. top and bottom formed since frankfurt open. playing the range. which side to break? careful to observe a while more in case of false breakout.
ITB - Seeing Orderliness amongst 'Randomness'
  • #79
  • Edited 7:14am Apr 24, 2019 3:50am | Edited 7:14am
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a range was formed from frankfurt open to 30 min after london open.
how many would have sold into the m30 full bodied candle with hardly any tail, having even closed below the pin bar?
m5 price retraced as the 13 sma crossed below the 34 sma, but rsi all the while above the 50 horizontal line.
it then formed a triple bottom base. one can also see that m30 rsi started pointing upward.
ITB - Seeing Orderliness amongst 'Randomness'
  • #80
  • Apr 24, 2019 5:23am Apr 24, 2019 5:23am
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gu gj let's see whether rsi gets to break the trend line.
ITB - Seeing Orderliness amongst 'Randomness'
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