M5/15 RSI 50/50 Test Journal | Page 21 | Forex Factory

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M5/15 RSI 50/50 Test Journal

  • #401
  • May 17, 2019 5:30am May 17, 2019 5:30am
m1 scalp. simply doing the rsi fractal break.
4 trades for 39.6 pips.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #402
  • Edited 10:28am May 17, 2019 10:16am | Edited 10:28am
Quoting Inthebox
m1 scalp. simply doing the rsi fractal break. 4 trades for 39.6 pips. {image}
Very nicely done!

What are the yellow horizontal lines in the TDI window?

And please explain what you mean by "fractal break".
  • #403
  • May 17, 2019 10:59am May 17, 2019 10:59am
Quoting pipShine
{quote} Very nicely done! What are the yellow horizontal lines in the TDI window? And please explain what you mean by "fractal break".
the yellow horizontal lines were drawn by me to show the break of the rsi fractal.
synonymous to when putting the fractal indicator on a line price chart.
ITB - Seeing Orderliness amongst 'Randomness'
  • #404
  • Edited 6:16am May 20, 2019 6:01am | Edited 6:16am
Bearish hidden divergence with a RSI trend line break setting up.
I'll look at this on a lower time frame when NY opens for a 2b entry.
I find it too risky to trade in the hour before the opening.
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  • #405
  • May 20, 2019 6:38am May 20, 2019 6:38am
Quoting pipShine
Bearish hidden divergence with a RSI trend line break setting up. I'll look at this on a lower time frame when NY opens for a 2b entry. I find it too risky to trade in the hour before the opening. {image}
yes. wait for the trend line break.
today d1 shows a inside bar.
be aware that h1 downward trend line has been broken and testing the upward trend line.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #406
  • May 20, 2019 8:04am May 20, 2019 8:04am
RSI closed below the 34EMA (2a)
RSI closed below the trend line (2b)
The trade is in the direction of the main trend

The game is afoot...
Attached Image (click to enlarge)
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  • #407
  • Edited 8:40am May 20, 2019 8:27am | Edited 8:40am
nice 3brp.
yes. aim for 2nd support.

update: congrats pipShine your tp hit.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #408
  • May 20, 2019 9:02am May 20, 2019 9:02am
Quoting Inthebox
nice 3brp. yes. aim for 2nd support. update: congrats pipShine your tp hit. {image}
Thanks for the congrats but I just missed my target by the spread.
Because I moved my stoploss to just below my entry I made exactly one pip profit.
But again, this is further confirmation of how well this system works and I consider this trade a success.
Attached Image (click to enlarge)
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  • #409
  • May 20, 2019 9:10am May 20, 2019 9:10am
Quoting pipShine
{quote} Thanks for the congrats but I just missed my target by the spread. Because I moved my stoploss to just below my entry I made exactly one pip profit. But again, this is further confirmation of how well this system works and I consider this trade a success. {image}
for your info, you can just pull the trade from the account history on to the chart and the entry and tp will be reflected by the arrows.
ITB - Seeing Orderliness amongst 'Randomness'
  • #410
  • May 20, 2019 9:28am May 20, 2019 9:28am
my gbpaud 9 trades with 159.4 pips.
most of the gains from asia session - 2a reversal entries in direction of main trend.
ranging session - the rest not following rules, just looking at candles in direction of main trend.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #411
  • May 20, 2019 10:19am May 20, 2019 10:19am
Quoting Inthebox
{quote} for your info, you can just pull the trade from the account history on to the chart and the entry and tp will be reflected by the arrows.
Oh I know that I can do that.
I just like to fuss over my chart a bit to slow me down so that I take fewer trades.
I've had a problem with over-trading in the past so I look at every trade as if it is the only trade I'm going to take today.
At least until I'm consistently profitable - and that day is coming closer if the last few weeks are any indication.
  • #412
  • May 20, 2019 10:23am May 20, 2019 10:23am
Quoting Inthebox
my gbpaud 9 trades with 159.4 pips. most of the gains from asia session - 2a reversal entries in direction of main trend. ranging session - the rest not following rules, just looking at candles in direction of main trend. {image}
Wow! What a day you've had!
I'm impressed that you nabbed so many pips in the Asian session.
Were they all on M15 charts?
  • #413
  • May 20, 2019 10:31am May 20, 2019 10:31am
Quoting pipShine
{quote} Wow! What a day you've had! I'm impressed that you nabbed so many pips in the Asian session. Were they all on M15 charts?
after noting the 2a retracement situation in m15, i went down to m1 and looked at the candle's reaction to the day open line.
ITB - Seeing Orderliness amongst 'Randomness'
  • #414
  • May 20, 2019 10:38am May 20, 2019 10:38am
Quoting pipShine
{quote} Oh I know that I can do that. I just like to fuss over my chart a bit to slow me down so that I take fewer trades. I've had a problem with over-trading in the past so I look at every trade as if it is the only trade I'm going to take today. At least until I'm consistently profitable - and that day is coming closer if the last few weeks are any indication.
i can see that you are a careful prudent person with logical reasonings
ITB - Seeing Orderliness amongst 'Randomness'
  • #415
  • May 21, 2019 2:35am May 21, 2019 2:35am
london opened with intention of going down.
1a rsi fractal break entry in direction of main trend.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #416
  • May 21, 2019 2:48am May 21, 2019 2:48am
revamp of entry rules on page #1.
now there are 5 types of entries.
ITB - Seeing Orderliness amongst 'Randomness'
  • #417
  • May 21, 2019 4:03am May 21, 2019 4:03am
wait wait wait......
wait for gbp to drop.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #418
  • May 21, 2019 6:33am May 21, 2019 6:33am
mtf entries in ltf when m15 rsi was below 50 horizontal line and the 2 smas in the direction of main trend.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #419
  • May 21, 2019 7:50am May 21, 2019 7:50am
as uj strengthen, one can watch the reactions of eu at day open, and gu at yesterday's high.
ITB - Seeing Orderliness amongst 'Randomness'
  • #420
  • May 21, 2019 7:53am May 21, 2019 7:53am
The morning has really quieted down.
The second hour of the NY session is just about to start.
The AudUsd is the only chart that I'm watching right now...
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