GBPJPY - Short, targeting first resistance line.
Regards,
Blackeagle
Regards,
Blackeagle
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Disliked{quote} Not so fast, RSI is still in support Daily has a long bias, everything is screaming long.Ignored
DislikedTux , great system, what do we use the MA cloud in the RSI panel for?Ignored
Disliked{quote} RSI in Daily support? hmmm...I thought its already in pink resistance area and ready to go down? or am I missing something here? But I'm not taking it yet since its not broke the EMA 21...Ignored
DislikedTux, just a question, if price is above resistance/below support you say it would be better to skip long/short the trade under the "Long Term Method" rules. But the second example chart, EURJPY, on your PDF, under Short Term Method shows a short entry when price is above resistance zone. I just wonder skipping the trade rule is valid only for long term method. Considering the logic, that rule should apply to both methods, IMO. What do you think? Regards, BlackeagleIgnored
DislikedTux, just a question, if price is above resistance/below support you say it would be better to skip long/short the trade under the "Long Term Method" rules. But the second example chart, EURJPY, on your PDF, under Short Term Method shows a short entry when price is above resistance zone. I just wonder skipping the trade rule is valid only for long term method. Considering the logic, that rule should apply to both methods, IMO. What do you think? Regards, BlackeagleIgnored
Disliked{quote} you answered the question yourself! this rule is only for long-term method. in short-term method we are looking to catch any possible move of the price towards the position of the support and resistance zone.Ignored
DislikedThree short positions, all closed in profit: GBPUSD= 43 pips GBPJPY= 38 pips GBPCAD= 45 pips Regards, BlackeagleIgnored
Disliked{quote} GBP/CAD ???? Your OBV below RSI? I take it you with Pepperstone as your charts are very similar to mine.Ignored