M5/15 RSI 50/50 Test Journal | Page 35 | 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

  • #681
  • Jun 18, 2019 9:20am Jun 18, 2019 9:20am
late entry sell tp at support
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ITB - Seeing Orderliness amongst 'Randomness'
  • #682
  • Jun 18, 2019 11:15am Jun 18, 2019 11:15am
support and resistance

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ITB - Seeing Orderliness amongst 'Randomness'
  • #683
  • Jun 18, 2019 11:17am Jun 18, 2019 11:17am
trade entry at support and resistance

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ITB - Seeing Orderliness amongst 'Randomness'
  • #684
  • Jun 18, 2019 11:18am Jun 18, 2019 11:18am
another perspective

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ITB - Seeing Orderliness amongst 'Randomness'
  • #685
  • Jun 19, 2019 1:01am Jun 19, 2019 1:01am
watch for sell set up at resistance zone
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ITB - Seeing Orderliness amongst 'Randomness'
  • #686
  • Jun 19, 2019 9:40am Jun 19, 2019 9:40am
Quoting Inthebox
support and resistance https://www.youtube.com/watch?v=DfNY...dex=16&t=1002s https://www.youtube.com/watch?v=hIhgYJyGHTE&t=1062s
These videos are fabulous!
It's like you said above: S/R is more important than indicators.
Thank you for posting these!

Do you recommend the Trading Channel's EAP course?
Do you know anyone who has taken it?
  • #687
  • Jun 19, 2019 10:25am Jun 19, 2019 10:25am
Quoting pipShine
{quote} These videos are fabulous! It's like you said above: S/R is more important than indicators. Thank you for posting these! Do you recommend the Trading Channel's EAP course? Do you know anyone who has taken it?
i have not taken the course. i just chanced upon it and thought that it was good.
i shall be going through their videos.

1) trading around higher time frame support and resistance will increase our chance of winning. it will also limit our over trading.
2) trade entry in lower time frame according to our experience. eg. 3 brp, good candle close beyond fractal or higher high higher low.
ITB - Seeing Orderliness amongst 'Randomness'
  • #688
  • Jun 19, 2019 10:29am Jun 19, 2019 10:29am
Quoting Inthebox
{quote}1) trading around higher time frame support and resistance will increase our chance of winning. it will also limit our over trading. 2) trade entry in lower time frame according to our experience. eg. 3 brp, good candle close beyond fractal or higher high higher low.
Powerful observations!
  • #689
  • Jun 19, 2019 12:04pm Jun 19, 2019 12:04pm
Quoting Inthebox
support and resistance https://www.youtube.com/watch?v=DfNY...dex=16&t=1002s https://www.youtube.com/watch?v=hIhgYJyGHTE&t=1062s
Hello Inthebox,

I want to thank you for teaching me a lot with these indicators, and the scalping. It took me a while, but I had to read everything on here. I like the way you introduced be to Heiken Ashi and the RSI 50 along with all the other indicators that all compliment each other.

As far as Support and resistance. (Or supply and demand zones) which are just about the same thing.

I found this on youtube. to make drawing supply and demand zones easy to draw.

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I also use this image as a metaphor to how a pair breaks through the support lines

Thanks for everything.
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  • #690
  • Jun 19, 2019 1:53pm Jun 19, 2019 1:53pm
took a sell after the news when price broke through support and retest the level.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #691
  • Jun 19, 2019 2:13pm Jun 19, 2019 2:13pm
Quoting Pivot Ruler
{quote} Hello Inthebox, I want to thank you for teaching me a lot with these indicators, and the scalping. {image}
thank you for your interest.
those purists would have insist that support/resistance is different from supply/demand. LOL.
support/resistance zone remains no matter how many times price passes through them.
supply/demand zone is no longer in use when price crossed/absorbed/consumed it. when price crossed up a supply zone, later a new demand zone is then drawn.
yes, the image that you have shown indicates that the bounce from the supply line is getting weaker with each bounce.

i started off with the smaller time frame with the indicators. however there are many things in the bigger picture that one cannot see.
so now, i am looking at the higher time frame with the support/resistance zone and entering trades there with lower time frame.
they can be short term or medium term.
ITB - Seeing Orderliness amongst 'Randomness'
  • #692
  • Jun 19, 2019 11:57pm Jun 19, 2019 11:57pm
Quoting Inthebox
watch for sell set up at resistance zone {image}
no candle closed below the m5 or m1 lower fractal when price sliced through the lower resistance.
1st entry attempted above the lower resistance when there was a 4 fractal lower low lower high in m1.
2nd and 3rd entries at candle closed below m5 lower fractal.
price could not break through the confluence of h4 upper resistance and trend line.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #693
  • Jun 20, 2019 2:12am Jun 20, 2019 2:12am
can wait for retracement to sell.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #694
  • Jun 20, 2019 6:42am Jun 20, 2019 6:42am
break out entry after gbp news. tp at support.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #695
  • Jun 20, 2019 7:33am Jun 20, 2019 7:33am
Quoting Inthebox
can wait for retracement to sell. {image}
usdcad is a runnaway trend.
usdjpy. price retest the support turned resistance and there was a lost in momentum there.
1st entry below m5 trend line and fractal.
2nd entry trailing 1 pip below m30 candle low.
exit before usd news.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #696
  • Jun 20, 2019 11:39am Jun 20, 2019 11:39am
continuation of trend after retracement to minor resistance.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #697
  • Jun 20, 2019 5:44pm Jun 20, 2019 5:44pm
Quoting Inthebox
{quote} thank you for your interest. those purists would have insist that support/resistance is different from supply/demand. LOL. support/resistance zone remains no matter how many times price passes through them. supply/demand zone is no longer in use when price crossed/absorbed/consumed it. when price crossed up a supply zone, later a new demand zone is then drawn. yes, the image that you have shown indicates that the bounce from the supply line is getting weaker with each bounce. i started off with the smaller time frame with the indicators....

You're right, Support and Resistance lines is what matters. Do you think Ichimoku Cloud is helpful in confirming a trend, if all the combined indicators act as one?
  • #698
  • Edited 2:55am Jun 21, 2019 2:29am | Edited 2:55am
Quoting Pivot Ruler
{quote} You're right, Support and Resistance lines is what matters. Do you think Ichimoku Cloud is helpful in confirming a trend, if all the combined indicators act as one?
indicators are derived from price and somewhat 'lagging' averages. so entries will be in the middle of the trend.
but if one goes into detailed study and know the intricacies of the indicator, it can be put to good use.
eg. the application using multi time frame - htf for trend, ltf for entry.

all of us has different understanding and interpretation if presented with a picture or chart - it's relative.
personally i find that using support and resistance for setup entry can get me into earlier entry than using indicators.
then at times when looking at htf, the entry can be at the tip of the pin bar.

it's all about catching one good trend -> retracement -> one good candle for entry.

ichimoku cloud can be combined with support and resistance like this rockypoint guy's thread.

i put on my yesterday's usdjpy trades in m1. yellow line above was the previous day's low resistance.
it also looks good when less cluttered. just using the fractals and main cloud with no other lines.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #699
  • Jun 21, 2019 5:11am Jun 21, 2019 5:11am
watch for sell set up at resistance zone
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ITB - Seeing Orderliness amongst 'Randomness'
  • #700
  • Jun 21, 2019 6:15am Jun 21, 2019 6:15am
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ITB - Seeing Orderliness amongst 'Randomness'
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