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Attachments: The RSI Trade
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The RSI Trade

  • #381
  • Jul 10, 2009 7:39am Jul 10, 2009 7:39am
Quoting andypips
Hey J.
It's there now.
It's so....... psychodelic .
  • #382
  • Jul 10, 2009 8:20am Jul 10, 2009 8:20am
Thankyou J.
I achieved that look even without using purples or pinks. Think how it would look with some included. Leave that one with me.
Andy
  • #383
  • Jul 10, 2009 8:35am Jul 10, 2009 8:35am
Quoting andypips
Hi K
It can show some good entries and building strength. I like it when it turns from green to blue for a few bars and then back to green after testing the 21 ema. I have also used it with 40 and 60 levels for the red/green and that shows much more commitment but with fewer entries.
I also am using the double cci with sma I'll post a chart in the minute with both indis attached .
Tell us more about the rsi thing you are working on. Come on, show us a picture.
Andy

heres the chart for you k.also attached the two indis and a template.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 2.gif Size: 45 KB
Attached File(s)
File Type: ex4 RSI Color.ex4   3 KB | 667 downloads
File Type: ex4 DoubleCCI-With_SMA_v1.ex4   7 KB | 550 downloads
File Type: tpl kareem.tpl   8 KB | 499 downloads
  • #384
  • Jul 10, 2009 11:58am Jul 10, 2009 11:58am
Here is a nice trade that I got into using RSI trendline break.
Attached Image (click to enlarge)
Click to Enlarge Name: m5.gif Size: 18 KB
  • #385
  • Jul 10, 2009 12:49pm Jul 10, 2009 12:49pm
Hi traders

this is a great thread, keep it up

my contribution is a little MTF indi, it shows the RSI values over or below certain levels in different TFs.
Attached Image (click to enlarge)
Click to Enlarge Name: gg-rsi.gif Size: 15 KB
Attached File(s)
File Type: ex4 GG-TrendBar_RSI.ex4   6 KB | 696 downloads
/ ... clarifying decisions ... /
  • #386
  • Jul 10, 2009 9:14pm Jul 10, 2009 9:14pm
Quoting andypips
heres the chart for you k.also attached the two indis and a template.
Thanks Andy,
I will post. It is very simple I just want to make sure it is for working.
Kareem
Trade Garlic
  • #387
  • Jul 10, 2009 9:15pm Jul 10, 2009 9:15pm
Quoting jdcompute
Here is a nice trade that I got into using RSI trendline break.
Nice trade Jd,
I hope you were able to stay for another break for the exit.
Thanks for the post
Trade Garlic
  • #388
  • Jul 10, 2009 9:17pm Jul 10, 2009 9:17pm
Quoting walb99
Hi traders

this is a great thread, keep it up

my contribution is a little MTF indi, it shows the RSI values over or below certain levels in different TFs.
Thanks Walb, how do you use MTF RSI, do you want to see all to green?
Kareem
Trade Garlic
  • #389
  • Jul 11, 2009 1:05am Jul 11, 2009 1:05am
Quoting kareem40
Nice trade Jd,
I hope you were able to stay for another break for the exit.
Thanks for the post
Sure did my friend. I just love the simplicity of this system. I'm 15 for 15 so far using this. And you're right, the 20 pip SL is perfect. Any less would've stopped me out of some good trades and I personally don't like risking more than 20 pips anyway. This system fits my comfort zone just right. By the way, I'm in Fort Worth, TX and it seems that I read somewhere that you or someone else was in Dallas.
  • #390
  • Jul 11, 2009 3:14am Jul 11, 2009 3:14am
Quoting kareem40
Thanks Walb, how do you use MTF RSI, do you want to see all to green?
Kareem
at least 1min to 1h have to show the same color.
strongest moves to be expected when all show the same.
/ ... clarifying decisions ... /
  • #391
  • Jul 11, 2009 6:51am Jul 11, 2009 6:51am
Quoting jdcompute
Sure did my friend. I just love the simplicity of this system. I'm 15 for 15 so far using this. And you're right, the 20 pip SL is perfect. Any less would've stopped me out of some good trades and I personally don't like risking more than 20 pips anyway. This system fits my comfort zone just right. By the way, I'm in Fort Worth, TX and it seems that I read somewhere that you or someone else was in Dallas.
Hi JD,
I am in Rowlett. Only 15M(or 3 5M bars) from Dallas. What do you do in FW?
Kareem
Trade Garlic
  • #392
  • Jul 11, 2009 6:52am Jul 11, 2009 6:52am
Quoting walb99
at least 1min to 1h have to show the same color.
strongest moves to be expected when all show the same.
Thanks, I will add to my tools.
Kareem
Trade Garlic
  • #393
  • Jul 11, 2009 8:09am Jul 11, 2009 8:09am
Hi
I know it has been a while, and it will most probably be sometime before I do another one. I like to share this one with you. It looks promising, but please note it is only one week worth of testing (if you want to call this testing). The new set up still uses the trend lines to keep you in the trend longer/exit. Again, this is not my set up. I have read it somewhere and wrote down on a post-it note. Sorry I cannot remember where I got it from. I read everything with a RSI in it.
Okay with this set up is also simple, you use the 14 RSI and the 200 SMA (Simple Moving Average).
If the price is below the 200 SMA, then you set up your RSI (overbought/oversold) lines to 20/70, if the price is above 200 SMA then the RSI lines are 35/85.
You can buy/sell once the RSI touches/crosses and hooks back from these (overbought/oversold) lines.
That’s it. Feel free to post or give any feed back.
I have posted some charts. In one you will notice the price at the 200 SMA. If that is the case, go watch batman re-runs, or walk the dog. And of course keep your stops to 20 as you also see that sometimes it is hit. Also note several times you ahead only 15-20 pips before it comes right back to resume its trend. So I would recommend moving to break even at +10 and locking some profit at +15-20.
Kareem
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: $EURUSD 5_25_2009 (3 Min)7.jpg Size: 121 KB
Click to Enlarge Name: $EURUSD 7_10_2009 (3 Min)2.jpg Size: 120 KB
Click to Enlarge Name: $EURUSD 5_21_2009 (3 Min)3.jpg Size: 109 KB
Click to Enlarge Name: $EURUSD 5_25_2009 (3 Min)9.jpg Size: 121 KB
Click to Enlarge Name: $EURUSD 7_10_2009 (3 Min)1.jpg Size: 118 KB
Click to Enlarge Name: $EURUSD 5_24_2009 (3 Min)6.jpg Size: 116 KB
Trade Garlic
  • #394
  • Jul 11, 2009 8:10am Jul 11, 2009 8:10am
This one needed the 20 pip stop.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 5_26_2009 (3 Min)11.jpg Size: 118 KB
Trade Garlic
  • #395
  • Jul 11, 2009 8:12am Jul 11, 2009 8:12am
This one needed a break even move at +10
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 5_25_2009 (3 Min)10.jpg Size: 117 KB
Trade Garlic
  • #396
  • Jul 11, 2009 8:13am Jul 11, 2009 8:13am
Go watch a movie.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 5_22_2009 (3 Min)4.jpg Size: 122 KB
Trade Garlic
  • #397
  • Jul 11, 2009 8:15am Jul 11, 2009 8:15am
And yes you can lose money sometimes!!!
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 5_24_2009 (3 Min)NoGo.jpg Size: 117 KB
Trade Garlic
  • #398
  • Jul 11, 2009 9:10am Jul 11, 2009 9:10am
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 17 KB


looking to buy once RSI breaks the yellow line.
  • #399
  • Jul 11, 2009 11:37am Jul 11, 2009 11:37am
Quoting hartnet
Attachment

looking to buy once RSI breaks the yellow line.
How did that trade work out for you?
  • #400
  • Jul 11, 2009 12:04pm Jul 11, 2009 12:04pm
Quoting jdcompute
How did that trade work out for you?
Hey JD
It looks like that chart is from close of business friday. hartnet won't be doing anything until sunday night now.
Andy.
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