Here's the deal...
I've been trading on a FXGame Acc for 2 months, and I think i might have found a strategy that is pretty ok. I simply short when the market is overought ( above RSI 75) and long when the market is oversold ( below RSI 25).
Depending on the timeframe, i set TP of 5-7 pips on a 5 min timeframe, 10-12 on 15 min, and someimes 3-4 on 1 min. I've been doing this on EUR/USD. since it was going too well i decided...what the hack i'll do it on other pairs as well!! yay!
And i did it on my real acc with Usd/Ypj....tis morning 7:30 Europe time. BUT, the Yjp couldnt stop rising although it was oversold till RSI+90!! so my question is, to you who trade that pair...is that normal?
ofc my SL got hit and i lost 1/20 of my sub-training account, wich i use still instead of Game acc, to get used to the money...
Besides that, any1 else usuing a similar strategy? does it work for you?
Thx in advance.
I've been trading on a FXGame Acc for 2 months, and I think i might have found a strategy that is pretty ok. I simply short when the market is overought ( above RSI 75) and long when the market is oversold ( below RSI 25).
Depending on the timeframe, i set TP of 5-7 pips on a 5 min timeframe, 10-12 on 15 min, and someimes 3-4 on 1 min. I've been doing this on EUR/USD. since it was going too well i decided...what the hack i'll do it on other pairs as well!! yay!
And i did it on my real acc with Usd/Ypj....tis morning 7:30 Europe time. BUT, the Yjp couldnt stop rising although it was oversold till RSI+90!! so my question is, to you who trade that pair...is that normal?
ofc my SL got hit and i lost 1/20 of my sub-training account, wich i use still instead of Game acc, to get used to the money...
Besides that, any1 else usuing a similar strategy? does it work for you?
Thx in advance.
I might not know, I might not have the money, but remember, I have TIME!
