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Need small modification on my RSI cross/touch RSI alert 0 replies

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The RSI Trade

  • #201
  • Feb 6, 2009 6:59am Feb 6, 2009 6:59am
no problem . everyone 's still learning.
See how the 21 rsi stayed in that 45/55 channel even with the small breakout of your triangle. Sometimes the price isn't obviously in a channel but the rsi shows it. it's not alone in doing this but that's why we're here chatting about it, isn't it?
andy
  • #202
  • Feb 6, 2009 7:00am Feb 6, 2009 7:00am
Where's Kareem? he should be awake now.
  • #203
  • Feb 6, 2009 7:03am Feb 6, 2009 7:03am
hi

cant get the 21 ma on my rsi,i use the mt4 platform and dont know how to do it
  • #204
  • Feb 6, 2009 7:04am Feb 6, 2009 7:04am
im nearly ready for bed
  • #205
  • Feb 6, 2009 7:09am Feb 6, 2009 7:09am
desperate
I assume you mean the 21 lwma.
go into navigator. select Moving average from the indicator list(not custom indis)drag and drop it onto the rsi. In parameters period 21. ma method =linear weighted, apply to = previous indicators data.
that should do it. also change the colour and line to dots so you can see it clearly.
andy
  • #206
  • Feb 6, 2009 7:24am Feb 6, 2009 7:24am
thanks andy

very good im a computer wiss now(not)

got it now
  • #207
  • Feb 6, 2009 7:44am Feb 6, 2009 7:44am
I stay away on NFP days. Lost too much money before trying to trade major news. I am glad to see some had some good trades already.
Trade Garlic
  • #208
  • Feb 6, 2009 7:46am Feb 6, 2009 7:46am
Quoting desperate
hi

the chart is setting up

have i got it right
Hi desperate and welcome to the forum. As for your earlier question, I take the trade as soon as the RSI break the line. Make sure that you do not anticipate the cross...you must see it.
Trade Garlic
  • #209
  • Feb 6, 2009 7:49am Feb 6, 2009 7:49am
no worries kareem

have learned alot today and night,getting sleepy with all the reading and information overload
  • #210
  • Feb 6, 2009 7:54am Feb 6, 2009 7:54am
I like to start drawing new lines ( new set ups) 30 minutes after the news. RSI ( or most other indicators) mean nothing now!
Trade Garlic
  • #211
  • Feb 6, 2009 8:07am Feb 6, 2009 8:07am
good night all

have a great weekend where ever u are

many pips
  • #212
  • Feb 6, 2009 8:18am Feb 6, 2009 8:18am
Hi Kareem
hows it going.
some nice moves on eurusd this morning. What time is 8gmt (london open)where you are?
andy
  • #213
  • Feb 6, 2009 8:27am Feb 6, 2009 8:27am
Hi Jtrade
1200ema on m5
just took 18 short off the touch of 1200ema. It touched mine to the pip on whc demo.
I'll buy my mates a beer tonight and tell them the purple line paid for it
They don't get what I do and call me Mr Dell Jones.
andy
  • #214
  • Feb 6, 2009 8:30am Feb 6, 2009 8:30am
Quoting kareem40
This set up is based on an article written in Technical Analysis of Stocks and Commodities. The article was written by Hadi Seyedinajad.
kareem40 - do you have this article in a form you could post, please ?

Do you always wait for bar close before entering with this method ?
  • #215
  • Feb 6, 2009 9:27am Feb 6, 2009 9:27am
Quoting andypips
Hi Kareem
hows it going.
some nice moves on eurusd this morning. What time is 8gmt (london open)where you are?
andy
Hi Andy,
I am in Dallas, TX. its 9:30 now. I trade 7am until 12noon.
Trade Garlic
  • #216
  • Feb 6, 2009 9:30am Feb 6, 2009 9:30am
Quoting jtrade
kareem40 - do you have this article in a form you could post, please ?

Do you always wait for bar close before entering with this method ?
I do have the article, but posting it might cause a problem. Too many lawyers here. And yes I always wait for bar close.
Trade Garlic
  • #217
  • Feb 6, 2009 1:18pm Feb 6, 2009 1:18pm
Good for 20. Did not want to hold it any longer. Bulls are in control today!
Attached Image (click to enlarge)
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Trade Garlic
  • #218
  • Feb 8, 2009 8:06pm Feb 8, 2009 8:06pm
Good for 50 so far. I only got 20 and bailed!
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Trade Garlic
  • #219
  • Feb 8, 2009 8:10pm Feb 8, 2009 8:10pm
Why I only took 20 pips. The (first) trend line was drawn and broken. Of course now a new trend line is drawn.
Attached Image (click to enlarge)
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Trade Garlic
  • #220
  • Feb 9, 2009 12:36am Feb 9, 2009 12:36am
Quoting kareem40
Why I only took 20 pips. The (first) trend line was drawn and broken. Of course now a new trend line is drawn.
Yea i also got in that with the break on RSI but i picked up 45 pips off of it i saw divergance on the larger time frame so i stuck in it a lil longer...
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