M5/15 RSI 50/50 Test Journal | Page 37 | Forex Factory

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M5/15 RSI 50/50 Test Journal

  • #721
  • Jul 22, 2019 8:30am Jul 22, 2019 8:30am
Hello Inthebox,

Thanks for sharing your knowledges
  • #722
  • Jul 22, 2019 8:31am Jul 22, 2019 8:31am
Do you think it is a valid SELL setup ?
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  • #723
  • Jul 22, 2019 9:34am Jul 22, 2019 9:34am
Evolution below.
Sell setup ?
Thanks for your comments.
Edit : perhaps waiting on M5 the break of the last low ?
Edit : or do we need to see before a low on M15 ?
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  • #724
  • Jul 23, 2019 12:32am Jul 23, 2019 12:32am
Quoting PatBlue
Do you think it is a valid SELL setup ? {image} {image}
sorry for the analysis after the fact.
1) Draw support/resistance and trend line from higher time frame like D1, H4, H1. In this example was drawn on H4.
If a H4 candle closed above a support zone or trend line, price tends to gravitate towards the next one. As can be seen in the lower trend line towards the higher trend line, and the middle resistance turned support towards the upper resistance zone. This zone is strong because the resistance zone and trend line are at confluence and also occurred in D1.
2) There was no good sell set up candle in m5. Price did not close below both trend line and minor support.

If one intends to sell, the take away important thing is having the patience to wait for price to reach the strong resistance zone. Then another wait for the set up candle.
This will probably occur during the London session later.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #725
  • Jul 23, 2019 7:43am Jul 23, 2019 7:43am
Many thanks for your reply.
No problem with the delay, I don't search a trade service but only to understand how to make (good) analyze like you with S/R and trendline
  • #726
  • Edited 8:05am Jul 23, 2019 7:49am | Edited 8:05am
So let's go back to GC.
I had drawed TL in D1 and H4.
I see a possible good entry setup today at 9h15 am, after LO.
The price is under resistance in H4/H1, under D1 TL, and make a Low followed by a Lower High before the setup.

What do you think about ?
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  • #727
  • Edited 8:31am Jul 23, 2019 8:02am | Edited 8:31am
Additional analysis
* draw an new TL in H1
* same analysis as above, but entry at the break of this TL

Corrrect? is it relevant?
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  • #728
  • Jul 23, 2019 8:55am Jul 23, 2019 8:55am
Quoting PatBlue
Additional analysis * draw an new TL in H1 * same analysis as above, but entry at the break of this TL Corrrect? is it relevant? {image} {image}
that's correct. if you were to go to the m5, you can see a set up candle that closed below the trend line and a fractal. price is ranging at the moment which is normal at this area. my bias is down.
ITB - Seeing Orderliness amongst 'Randomness'
  • #729
  • Jul 23, 2019 10:40am Jul 23, 2019 10:40am
Quoting Inthebox
{quote} ... if you were to go to the m5, you can see a set up candle that closed below the trend line and a fractal.
Many thanks.
You means the break of this low ?
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  • #730
  • Jul 23, 2019 10:53am Jul 23, 2019 10:53am
Quoting PatBlue
{quote} Many thanks. You means the break of this low ? {image}
yes
ITB - Seeing Orderliness amongst 'Randomness'
  • #731
  • Jul 23, 2019 11:18am Jul 23, 2019 11:18am
Quoting Inthebox
{quote} yes

Thanks
  • #732
  • Jul 24, 2019 7:48am Jul 24, 2019 7:48am
Interesting to see that the D1 TL is still active.

Analysis :
*/ price is above resistance on H1
*/ price is making a higher high and higher low
*/ entry 1 when price break the D1 TL and the higher high: correct ?
*/ do you recommande to reenter at entry 2 at the break of next higher high ?
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  • #733
  • Jul 24, 2019 8:38am Jul 24, 2019 8:38am
Quoting PatBlue
Interesting to see that the D1 TL is still active.
entries can be at candle closed above fractal until the multi days strong resistance.
maybe price will now bounce down until the d1 trend line.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #734
  • Jul 26, 2019 12:17pm Jul 26, 2019 12:17pm
Quoting Inthebox
{quote} maybe price will now bounce down until the d1 trend line. {image}
slowly but eventually.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #735
  • Jul 30, 2019 10:35am Jul 30, 2019 10:35am
trading m1 support resistance trendline.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #736
  • Aug 9, 2019 7:08am Aug 9, 2019 7:08am
Happy Birthday Singapore
still trading sr ........
m1
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ITB - Seeing Orderliness amongst 'Randomness'
  • #737
  • Mar 14, 2020 3:57pm Mar 14, 2020 3:57pm
Quoting Inthebox
This is for those who like to trade the fast lane of m5 and m1 charts. The m5 - 12/48/288 SMA will track the H1/H4/D1 candles respectively. The m1 will use the m5 settings tracking the H1/H4/D1 candles. The m15 - 12/48/288 SMA will track the H3/H12/D3 candles respectively. Buy when price closed above the m5 - 12/48/288 SMA (green – that's when RSI 50 is above the 50 level line) and blue fractal. Sell when price closed below the m5 - 12/48/288 SAM (red – that's when RSI 50 is below the 50 level line) and red fractal. * Trade entries can be verified...
hi i wanna know more about this m5 system
  • #738
  • Mar 15, 2020 4:00am Mar 15, 2020 4:00am
Quoting kellycml
Sold GBP/JPY on M15. PA below pivot and daily open. {image}
what is the period of the ma that you are using
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  • #739
  • Edited 10:06am Mar 15, 2020 7:14am | Edited 10:06am
Quoting brahidmn6
{quote} hi i wanna know more about this m5 system
Which part you do not understand?
Post your query with a chart and I will answer.

This method uses the lower time frames to track the momentum of higher time frames, mainly H1, H4, D1 for day trading.
The TDI is to affirm the momentum.
M1 uses 60 sma, 240 sma, 1440 sma to track the momentum of H1, H4, D1.
M5 uses 12 sma (5 x 12 = 60), 48 sma (5 x 48 = 240), 288 sma (5 x 288 = 1440).
M15 uses 4 sma (15 x 4 = 60), 16 sma (15 x 16 = 240), 96 sma (15 x 96 = 1440).

Example in GU M5 with a regular standard TDI.

Sell when:
1. price is below 288, 48, 12 sma (order does not matter).
2. green TDI is below 50 line, red and yellow lines.
or green TDI is below 50 line, red line only. Yellow line is slanting downward.

TP according to the currency pair and time frame you are trading in.
In this M5 GU pair , take profit for 7 to 15 pips for each trade.
Or TP at support zone.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #740
  • Mar 15, 2020 7:55am Mar 15, 2020 7:55am
Quoting Inthebox
{quote} Which part you do not understand? Post your query with a chart and I will answer. This method uses the lower time frames to track the momentum of higher time frames, mainly H1, H4, D1 for day trading. The TDI is to affirm the momentum. M1 uses 60 sma, 240 sma, 1440 sma to track the momentum of H1, H4, D1. M5 uses 12 sma (5 x 12 = 60), 48 sma (5 x 48 = 240), 288 sma (5 x 288 = 1440). M15 uses 4 sma (15 x 4 = 60), 16 sma (15 x 16 = 240), 96 sma (15 x 96 = 1440). Example in GU M5 with a regular standard TDI. Sell when: 1. price is below 288,...
can you show me the setups
the three moving MAs and the tdi for m5
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