M5/15 RSI 50/50 Test Journal | Page 13 | Forex Factory

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M5/15 RSI 50/50 Test Journal

  • #241
  • May 2, 2019 1:50am May 2, 2019 1:50am
Quoting Inthebox
watching gbpcad reaction at day open
buy triggered m15 3 bar reversal retracement.
gbp getting stronger.
ITB - Seeing Orderliness amongst 'Randomness'
  • #242
  • May 2, 2019 2:43am May 2, 2019 2:43am
Quoting Inthebox
{quote} buy triggered m15 3 bar reversal retracement. gbp getting stronger.
.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 37 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #243
  • May 2, 2019 3:54am May 2, 2019 3:54am
Quoting kellycml
{quote} Indeed ... I read more than 250+ pages of it, I agreed with what he said (about MM) and understand his concept but find it hard to put in practice (probably cause I lack the experience). Besides, I'm sure there are more than 1 way to Rome, so I am happy to practice the "easier path" you gave to us here
i have read until here.......... and it is already a system by itself.

"I normally keep the daily OHLC bar charts visible for the EUR, cable, yen.
Then I have the short charts of the market I am actively trading.
Normally sighting the 5 min candles , 15 min candles
and I keep hourly candles at the back of the screen just in case
the short charts becomes choppy then I refer to the hourly for direction.
On short charts, I have the hourly sma plotted to measure volatility.
I tend not to put studies on charts to distract proper reading of market form.
if the lady have long, trendy legs, I normally put the 15mins charts to the back as well,
so as not to clutter the screen."
ITB - Seeing Orderliness amongst 'Randomness'
  • #244
  • May 2, 2019 6:15am May 2, 2019 6:15am
Quoting Inthebox
{quote} i have read until here.......... and it is already a system by itself. "I normally keep the daily OHLC bar charts visible for the EUR, cable, yen. Then I have the short charts of the market I am actively trading. Normally sighting the 5 min candles , 15 min candles and I keep hourly candles at the back of the screen just in case the short charts becomes choppy then I refer to the hourly for direction. On short charts, I have the hourly sma plotted to measure volatility. I tend not to put studies on charts to distract proper reading of market...
No disrespect to him, I am sure he was a successful trader.

Normally it's the woman who send out "signals" for the man to decipher, no?

Life is short, I like to KISS.
  • #245
  • May 2, 2019 6:54am May 2, 2019 6:54am
Quoting kellycml
{quote} No disrespect to him, I am sure he was a successful trader. Normally it's the woman who send out "signals" for the man to decipher, no? Life is short, I like to KISS.
a lot of women appear to be shy, so all 5 senses are involved for a good wifi reception.
it's actually pin bars. it's the dealing boys' joke.
ITB - Seeing Orderliness amongst 'Randomness'
  • #246
  • May 2, 2019 7:06am May 2, 2019 7:06am
I'm keeping my eye on the AudUsd this morning.
This is what it looked like at NY opening.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1_May02.png Size: 59 KB
  • #247
  • May 2, 2019 7:10am May 2, 2019 7:10am
Quoting Inthebox
{quote} a lot of women appear to be shy, so all 5 senses are involved for a good wifi reception. it's actually pin bars. it's the dealing boys' joke.
Pin bar trading strategy?
  • #248
  • May 2, 2019 7:15am May 2, 2019 7:15am
Quoting kellycml
{quote} Pin bar trading strategy?
I'm waiting for price retrace to the 50 level then drop below the support line.
Does that sound reasonable?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1a_May02.png Size: 72 KB
  • #249
  • May 2, 2019 7:22am May 2, 2019 7:22am
eurcad m15 3br.
ITB - Seeing Orderliness amongst 'Randomness'
  • #250
  • May 2, 2019 7:23am May 2, 2019 7:23am
Quoting pipShine
{quote} I'm waiting for price retrace to the 50 level then drop below the support line. Does that sound reasonable? {image}
My M5 shows PA is in between day pivot and day open. On H1, PA is ranging between day pivot and day open (since Asian open).
  • #251
  • May 2, 2019 7:32am May 2, 2019 7:32am
Quoting kellycml
{quote} Pin bar trading strategy?
no. pin bar is just a signal.
my interpretation. KISS that.
you just have to know the direction to trade.
even though you have lousy entry, you still can do well.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 40 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #252
  • May 2, 2019 7:36am May 2, 2019 7:36am
Quoting Inthebox
{quote} no. pin bar is just a signal. my interpretation. KISS that. you just have to know the direction to trade. even though you have lousy entry, you still can do well. {image}
"The trend is your friend"
  • #253
  • May 2, 2019 7:42am May 2, 2019 7:42am
Quoting kellycml
{quote} "The trend is your friend"
it's very pleasing to the eyes.
one can trade the m5 for 3-5 bars like using bigger lots.
m5 fractals will tell you when to trade, when not to trade.
in a down trending situation, once the red fractal is broken, that's the entry.
works for both breakout and retracement. mtf trading.
ITB - Seeing Orderliness amongst 'Randomness'
  • #254
  • May 2, 2019 7:44am May 2, 2019 7:44am
I tried to keep my analysis simple and basic.
I like taking my set-up from the trend line cross of the RSI on the H1 then drilling down to the M5.
Otherwise I lose sight of the basics.
Attached Image (click to enlarge)
Click to Enlarge Name: 09a_AudUsd_M5_May02.png Size: 68 KB
  • #255
  • May 2, 2019 7:50am May 2, 2019 7:50am
Quoting pipShine
I tried to keep my analysis simple and basic. I like taking my set-up from the trend line cross of the RSI on the H1 then drilling down to the M5. Otherwise I lose sight of the basics. {image}
basically tells the same thing.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 43 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #256
  • May 2, 2019 7:57am May 2, 2019 7:57am
Quoting Inthebox
{quote} it's very pleasing to the eyes. one can trade the m5 for 3-5 bars like using bigger lots. m5 fractals will tell you when to trade, when not to trade. in a down trending situation, once the red fractal is broken, that's the entry. works for both breakout and retracement. mtf trading.
I will try this.
  • #257
  • May 2, 2019 8:03am May 2, 2019 8:03am
Quoting Inthebox
eurcad m15 3br.
sometimes they just to play with you.
sl protected.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 13 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #258
  • May 2, 2019 8:08am May 2, 2019 8:08am
Quoting kellycml
{quote} I will try this.
m5 12 sma to show volatility of h1.
h1 24 sma to show volatility of d1.
d1 5 sma to show volatility of w1.
ITB - Seeing Orderliness amongst 'Randomness'
  • #259
  • May 2, 2019 8:12am May 2, 2019 8:12am
A nice finish to the week for me!
Thanks for all your feedback and insights.
This thread is a joy to participate in!
Attached Image (click to enlarge)
Click to Enlarge Name: 09b_AudUsd_M5_May02.png Size: 61 KB
  • #260
  • May 2, 2019 8:15am May 2, 2019 8:15am
Quoting pipShine
A nice finish to the week for me! Thanks for all your feedback and insights. This thread is a joy to participate in! {image}
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