Hi czango, we cant use RSI alone for trades...
I am using RSI, trendlines, pivot points combined...
I have also tried CCI before, RSI is better...
Use actionforex.com pivot points (daily) and use with RSI...
http://www.actionforex.com/technical.../pivot-points/
Important thing is, decide the trade direction near pivot points, not in the middle of pivot points....
As for friday pivot points, see some here....
GBP/USD 1.6080 1.6147 1.6212 1.6279 1.6344 1.6411 1.6476
EUR/JPY 127.87 128.45 129.19 129.77 130.51 131.09 131.83
I was with these two pairs on friday, so I am posting pivot points for them.
See how price played between pivot points..
Use RSI and trendlines and find the pivot points price can break/reverse... Use high timeframes like 4 hour to find main trend, then use small timeframes to enter the trade..
If we enter near to pivot points, we only need to use small stop losses...
I am using RSI, trendlines, pivot points combined...
I have also tried CCI before, RSI is better...
Use actionforex.com pivot points (daily) and use with RSI...
http://www.actionforex.com/technical.../pivot-points/
Important thing is, decide the trade direction near pivot points, not in the middle of pivot points....
As for friday pivot points, see some here....
GBP/USD 1.6080 1.6147 1.6212 1.6279 1.6344 1.6411 1.6476
EUR/JPY 127.87 128.45 129.19 129.77 130.51 131.09 131.83
I was with these two pairs on friday, so I am posting pivot points for them.
See how price played between pivot points..
Use RSI and trendlines and find the pivot points price can break/reverse... Use high timeframes like 4 hour to find main trend, then use small timeframes to enter the trade..
If we enter near to pivot points, we only need to use small stop losses...
ABCD..