EURUSD

Quoting here2there

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{quote} Look up how to trade divergence using the RSI. If you are using higher time frames, such as H4, the Daily, or the Weekly, then set the period to 4 and use 80 and 20 for your levels. You can also attach an EMA to your chart using a period of 1, and make it fat in width to easily find divergence. {image}

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Quoting Mcbeaners

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{quote} yes all well and good, but anyone who has tried ris knows it evolves and isn't consistant enough. rsi has to be adjusted to current conditions etc. otherwise doesn't detail tops nor bottoms. btw a 2 touch trendline ain't much to go on. {image}

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Quoting PatienceFx

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{quote} stop copying my historical posts and claiming them lmao https://www.forexfactory.com/thread/...8#post13749448

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Quoting Mcbeaners

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{quote} ok if you are suggesting i go look at a text book then you are not talking from experienced use.

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Quoting Robinhood1

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{quote} Indicators and EAs lag 99.99%. You backtest and its perfect. You try them out real trading and the industry trades against you and thus indicators are twisted by pushing the price. That simple. We have been to the moon long time ago. This is a child´s game for latest AI. We are chimps. Ilusion is what keeps traders trying. Having said this, there could be a very tiny possibility you find a perfect strategy. The only system that works is using some personal and ingenius one that you have created, normally by coincideance like mayor inventions....

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Quoting here2there

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{quote} That's not what I said. But I can tell you don't know how to trade divergence using RSI. For if you did, you would have thanked me for my comment, which is of great use to anyone who uses the RSI indicator, especially for divergence. I didn't make this rule up. I learned it from a grid trader, who is a true expert at trading.

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Quoting Mcbeaners

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{quote} text book - that's how it read to me. as for me knowing rsi - i'm always open to someone showing me something different. i know about divergence. rsi and similar are just based on ma's. learn to use ma's would be my first thougtht.

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Quoting Robinhood1

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Historical prices goes in cycles thus you can catch beginings and ends. The problem is that we do not have a proper tool or at least i don´t know where it is. MT4 can go back quite far which is perfect but indicartors cannot. For example, if you use 1 min charts, indicators have to be set minimum 1440 which are the number of minutes in a day but if the cycle is a week then you need to set the indicator x 7 and it won´t allow it.

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Quoting duve

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{quote} That's why I don't use mt4. You have to find the most proficient charting platform you can afford. That has up to date data and technical indicators. Sorry to tell you but mt4 sucks.

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