M5/15 RSI 50/50 Test Journal

Quoting TC48

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thanks for the thread...am still working through it. my first couple of trades were not organised and not good results.. this morning not so bad... My daily open is 00hrs on MT4 {image}

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Quoting Inthebox

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{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,...

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Quoting Inthebox

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{quote} for trend and multi time frame trading ....... a tip or two for you when selling as per charts. vice versa for buying. if you trade solely on one time frame ........ sell when price is below red moving average. red rsi below 50 line, yelow and blue moving average. vice versa for buy. {image}

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