Another chart with recent trades: each over 200 pips
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DislikedCount me in lawgirl! Will set up a new demo account as suggested $10,000.
What are your SL and TP levels?
PeteIgnored
DislikedThe first two trades were during the same week yet opposite directions. Are you changing your weekly directional bias mid week?Ignored
DislikedDepends on what day trend is checked..weekly trend does indeed change. I have found that it is not "reliable", meaning it is not totally set, until about midweek. I re-checked the RSI for these 3 trades on all TFs and it was, indeed, showing the bias of the trade. I do know that I made money on that one pair on those three trades. Missed the big jump up though. But that's ok.Ignored
DislikedCome on, you already have the 3 taps trading group, why add this to the mix?Ignored
DislikedWhy not? Each is different with different styles of trading..this one looks to PA more than the 2 others that I have seen. How many trend trading methods are there? Probably 100's. How many breakout systems are there? Probably 100's....I could go on and on..Ignored
Dislikedthat is not very intelligent. if you still dont get it, check "too much redundancy".Ignored
DislikedChecking weekly doesn't seem to do much especially, as you mentioned, it really doesn't show the overall trend until well into the week and that can be seen by just looking at the last couple daily bars and looking at that price action. Basically looking for HH/HL or LL/LH to get your directional bias. And using RSI (3) if you look closely it just follows the bars. If it's an up bar rsi is signaling long and if it's a down bar it's signaling short. Flat seems to only happen when there is a doji or the like and which can all be seen by just looking...Ignored
DislikedWell, I'm in. Thank you for your strategy. I shorted the $/Y @84.09 around 08:40 CDT. Missed the 3rd tap but the down trend looks strong and all 3 RSIs were down so as I said, I'm in (and hoping.) Thanks again. p.Ignored