Cesarnc's market talk, gossips, rumours & fun

....Hitting the yellow ema 5 on the 15M now ...it may bounce down here or should I say resume the way down that daily suggest...

...Hitting also the ema on 5M now so is should bounce down or the bulls are very strong...

....and here we are on the magenta line again...

My trade is locked to +10 and tp set to swing low at 34935

...Break or bounce at the magenta line...
is the question to win...

great sir. great in deed...

Thank you Carlos. profit taken at +10. Rinse and repeat

Carlos Can you please explain how you are actually using rsi Are you looking for divergences? How do you evaluate them? Do you have a special way?

-20

daily total +20 so far

Another -20

....All indicators lag...but RSI is a very good tool I use for direction...if RSI is down there for a long time it means the move is tired and is going to change direction soon...when?... we don't know..... sometimes is oversold for a long time and it keeps going .... but then with other tools you can make a decision...or a better one... is all together birpinar the 3 charts the MACD histogram the moving averages it all get together to tell you things...so focus is the one that make you react...screen time...practice and common sense....

....lock them up all is what we need to do lock them...

...notice when RSI is down there how price goes up...and vice versa...

Profit hit at locked +3

...See on this 15M chart MACD histogram was long and down there...RSI also was down there and stochastic cross down there...that tell me that the move is over..... is over sold and it deeds to breath ...turn ....take a side...

edit: at 10.15 should I say...

....there is a lower low....

...R&R...