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Attachments: EURUSD Only
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EURUSD Only

  • #3,301
  • Apr 18, 2024 9:06am Apr 18, 2024 9:06am
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  • #3,302
  • Apr 18, 2024 1:11pm Apr 18, 2024 1:11pm
Quoting PatienceFx
{quote} i trade anything which has potential to give good ewards, exceeding several k% like in 2009 i picked up BTC for just $9 per btc and squared off in 2021 at $60k per btc [ BTC doubles in value every time the payout for mining btc is halved, the next date is April 20 , watch the btc price after this date ] during covid in 2020, i picked up NVIDIA and look what AI concept did to the price so all in all, opportunities exist everywhere JIO will start a global stock brokerage soon with lowest ccost, just stay updated on google.
Is JIO something like the beginning of an indian Nomura? Interesting Blackrock is involved.
You have an IQ lower than 90 if you interact with this user.
  • #3,303
  • Apr 18, 2024 9:47pm Apr 18, 2024 9:47pm
Quoting Ferna
{quote} Is JIO something like the beginning of an indian Nomura? Interesting Blackrock is involved.
Jio already provides internet and free calling services to 52% of India's 1,439,053,844 population
  • #3,304
  • Apr 18, 2024 10:17pm Apr 18, 2024 10:17pm
Quoting PatienceFx
in free time i just wrote a new indicator and the very first trade ..... basic idea , read RSI trend on all time frames and visualize what the market is thinking {image}
this RSI Trends written out of pure boredom is proving brilliant, reads the overall trend so nicely
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  • #3,305
  • Apr 18, 2024 10:25pm Apr 18, 2024 10:25pm
Quoting PatienceFx
{quote} this RSI Trends written out of pure boredom is proving brilliant, reads the overall trend so nicely {image}
take it, its free for everyone

Gelubrn may explain how it works
Attached File(s)
File Type: ex4 RSI_Trends.ex4   17 KB | 257 downloads
  • #3,306
  • Apr 18, 2024 10:32pm Apr 18, 2024 10:32pm
Quoting PatienceFx
{quote} this RSI Trends written out of pure boredom is proving brilliant, reads the overall trend so nicely {image}
My friend, you are brilliant for many reasons, but here is one:
1. you taught us to refer to the RSI value of 50.

If we look at the internet, everywhere RSI says that it is related to the values of 70 and 30, which is fantastically misleading.
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  • #3,307
  • Apr 18, 2024 11:21pm Apr 18, 2024 11:21pm
Quoting Gelubrin
{quote} I thought you wouldn't sit and watch a Japanese candle on Nifty grow slowly. With eurusd, we feel that we live. Thank you!
this comment FORCED me to write the RSI Trends indicator

and

make forex as boring as possible
  • #3,308
  • Edited 5:25am Apr 19, 2024 5:08am | Edited 5:25am
Quoting PatienceFx
{quote} take it, its free for everyone Gelubrn may explain how it works {file}
The method used is old but it helps us to identify the change of a trend. It relates the prevailing impulses of a trend and the price.
Thus, if on a bear trend, we have at least 2 strong RSI impulses, we can draw a trend line. If the subsequent RSI impulse departs from the trend line, it means that the trend has reversed or is starting to reverse. It can be a trend reversal or a divergence.
In an uptrend, the trend reversal occurs when the RSI crosses below the trend line.
Rsi actually shows us the speed with which traders buy or sell the asset and compares it to the price.
The use of these trend lines can be strongly affected by the publication of high-impact news when the price is moving quickly.

Many thanks to PatienceFx for creating the indicator!
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  • #3,309
  • Apr 19, 2024 6:28am Apr 19, 2024 6:28am
basic explanation of RSI Trends indiocator

all time frames shower UP and RSI was above 50 level indicating strong uptrend

the result
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  • #3,310
  • Apr 19, 2024 8:18pm Apr 19, 2024 8:18pm
Quoting PatienceFx
{quote} take it, its free for everyone Gelubrn may explain how it works {file}
i did not give this functionality in that indicator

RSI Trends is calculated by RSI in respexct to 5 EMA of RSI. You can plot it on any android or iphone yourself.

its just a visual way of reading the boring rsi indicator on all time frames

being right of price, trading decisions can be made quickly.

i find it best to exit when trends change on lower time frames

you will learn it from experience
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  • #3,311
  • Apr 19, 2024 8:25pm Apr 19, 2024 8:25pm
Quoting PatienceFx
{quote} i did not give this functionality in that indicator RSI Trends is calculated by RSI in respexct to 5 EMA of RSI. You can plot it on any android or iphone yourself. its just a visual way of reading the boring rsi indicator on all time frames being right of price, trading decisions can be made quickly. i find it best to exit when trends change on lower time frames you will learn it from experience {image}
like on USDJPY suddenly the trends changed, so next week i can expect USD weakness

so now go and look for what news events may cause this
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  • #3,312
  • Edited 9:36pm Apr 19, 2024 9:04pm | Edited 9:36pm
Quoting PatienceFx
{quote} like on USDJPY suddenly the trends changed, so next week i can expect USD weakness so now go and look for what news events may cause this {image}
I agree!
With the means and knowledge of technical analysis that we have now, I propose you to continue more with the fundamental analysis that we have neglected in the last period. It is very important to express our opinions even if we are wrong. And we can learn a lot from mistakes. Is anyone in the group interested in the correlations of the US economic indices?
  • #3,313
  • Apr 19, 2024 9:30pm Apr 19, 2024 9:30pm
Quoting PatienceFx
{quote} like on USDJPY suddenly the trends changed, so next week i can expect USD weakness so now go and look for what news events may cause this {image}
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  • #3,314
  • Apr 19, 2024 10:05pm Apr 19, 2024 10:05pm
Quoting PatienceFx
{quote} like on USDJPY suddenly the trends changed, so next week i can expect USD weakness so now go and look for what news events may cause this {image}
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  • #3,315
  • Edited Apr 20, 2024 3:57am Apr 19, 2024 10:39pm | Edited Apr 20, 2024 3:57am
Quoting PatienceFx
{quote} there is a detailed video about financial and administrative problems at Google, they are struggling to keep the company running. One founder is hospitalized, second is involved in criminal cases.
Ford and GM

but also others
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  • #3,316
  • Apr 20, 2024 9:02am Apr 20, 2024 9:02am
my final indicator for mt4

going to start writing my next indicator in trading view for stock indices
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  • #3,317
  • Apr 21, 2024 4:41am Apr 21, 2024 4:41am
Quoting PatienceFx
my final indicator for mt4 going to start writing my next indicator in trading view for stock indices {image} {image} {image} {image} {image} {image} {image} {image} {image}
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  • #3,318
  • Apr 21, 2024 10:36am Apr 21, 2024 10:36am

  1. Jan
  2. Feb
  3. Mar
  4. April candle

next support 1.0565

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  • #3,319
  • Apr 21, 2024 3:58pm Apr 21, 2024 3:58pm
Good evening, congratulations to the thread. I'm a little ashamed to ask but having switched to mt5 I would be happy to fully try the thread's beautiful strategy. Would you be so kind as to send me the template and indicators of the strategy in mt5. Rosi Modesto (8 months trading)
  • #3,320
  • Apr 21, 2024 5:14pm Apr 21, 2024 5:14pm
Quoting modero
Good evening, congratulations to the thread. I'm a little ashamed to ask but having switched to mt5 I would be happy to fully try the thread's beautiful strategy. Would you be so kind as to send me the template and indicators of the strategy in mt5. Rosi Modesto (8 months trading)
BB 20
RSI 14
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