DislikedMay be but to me nothing is overbought as far you can buy it ,not see any message " it is overbought & any buy order can't be done this time '
fontuIgnored
yeah in all my crazy trading, overbought and over sold indicators hardly work
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DislikedMay be but to me nothing is overbought as far you can buy it ,not see any message " it is overbought & any buy order can't be done this time '
fontuIgnored
DislikedNo joke-Daily straight down to M5 all overbought-H4 was just pushed into overbought. Last time that happened it was good for a 400 point short..Ignored
DislikedIts all owerbought. The situation is globally pre-corrective. All pairs, all futures, golds spot.
Only oil is still not owerbought.
Mind itIgnored
DislikedI think it was, the market can stay irrational longer then you can stay rational.
And the market will stay overbought as long as some fool is willing to buy it at a higher price. We'll see if that's above 1.4450Ignored
Dislikedyeah in all my crazy trading, overbought and over sold indicators hardly workIgnored
DislikedMay be but to me nothing is overbought as far you can buy it ,not see any message " it is overbought & any buy order can't be done this time '
fontuIgnored
DislikedThey don't work if you use them as overbought or oversold and try a swing (ie. go against the trend). Take a Stochastic for example and go ahead and buy when the indi crosses 80 up.See how many times you'da made some good pips.Ignored
DislikedThats not true. It depends on the conditions of the pair, trending versus climbing. If you bought and sold on H1 RSI signals over the last few months on the Euro with a 20 point SL you would have cleaned up. Its been in a slow trending climb. Steep conditions and yes, its useless, except for scalping on the smaller TFs.Ignored
DislikedCheck this:
Timeframe: Daily
Indi: Stochastic 14 2 2 w/ levels 80 and 20.
Buy when Stoch goes 80+ and close at 80-
Sell when Stoch goes 20- and close at 20+
Tell me how many pips you'da had this year How about last year?Ignored
DislikedI don't use Stochs-I use RSI, go back through the data on the H1 for the last few months. Buy under 30 and sell over 70 with a 20 point SL. Many pips to be had that way in the right conditions. It works well with many pairs. Dunno what to tell you.Ignored