I am trailing the stop ( @ 85), but a break of the new line would be my exit as well.
Kareem
Kareem
Arb-Trader
Need small modification on my RSI cross/touch RSI alert 0 replies
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DislikedI started these trades with study of daily chart.i noticed the hammer candle right on 50 retracement.at the open of the last candle(today candle)i took long for many reasons(50 retracement,hammer canle,but first of all the broke of RSI).the price reached the trend line of price action,and i didn't know if the price could have broke or not.i followed RSI in 1h and in the moment of broke,i was out(with a nice +).then i shorted for another candle.i stoped because RSI reached 50 level and i was afraid by the yesterday hammer candle .i want to thanks...Ignored
QuoteDislikedIs there anybody out there (Pink Floyd The Wall)?
DislikedHi,
I've read most of this thread with great interest. With no posts lately, just wondering if anyone id still trading this RSI trend line break system and if so, how profitable you are finding it.
Thanks,
GemIgnored