is there any reason to hold on eurusd?
its heading up and just broke the last local high of 3850
Trade What You See - Almost Naked Trading
- #683
- Oct 5, 2010 2:56pm Oct 5, 2010 2:56pm
- Joined Dec 2009 | Status: Trader | 6,603 Posts
i am too.
now i am in short of $6.65
- #685
- Oct 5, 2010 3:11pm Oct 5, 2010 3:11pm
- Joined Aug 2010 | Status: Trader | 2,584 Posts
Probably not. Although I have very little $ on it and still want to see what it is going to do, so I am holding it.
- #687
- Edited 3:54pm Oct 5, 2010 3:36pm | Edited 3:54pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
"....Please put the pair on the title line so we don't have to work so hard finding which pair you are talking about." - lawgirl
My gift to your new thread, lawgirl....the Symbol Info Label indicator.
Colors for both white and black charts are hard coded, and can be selected to override whatever colors have been entered into the External Inputs (which gives a third choice for set of colors). As always, I recommend users read the "Overview" at the top of the indicator compile to learn about it.
My gift to your new thread, lawgirl....the Symbol Info Label indicator.
Colors for both white and black charts are hard coded, and can be selected to override whatever colors have been entered into the External Inputs (which gives a third choice for set of colors). As always, I recommend users read the "Overview" at the top of the indicator compile to learn about it.
- #689
- Oct 5, 2010 3:41pm Oct 5, 2010 3:41pm
"....Please put the pair on the title line so we don't have to work so hard finding which pair you are talking about." - lawgirl
My gift to your new thread, lawgirl....the Symbol Info Label indicator.
Colors for both white and black charts are hard coded, and can be selected to override whatever colors have been entered into the External Inputs (which gives a third choice for set of colors). As always, I recommend users read the "Overview" at the top of the indicator compile to learn about it.
Thanks TAH...nicely done
Listen to the whispers....
You may learn something
- #691
- Oct 5, 2010 4:05pm Oct 5, 2010 4:05pm
- Joined Dec 2009 | Status: Trader | 6,603 Posts
"....Please put the pair on the title line so we don't have to work so hard finding which pair you are talking about." - lawgirl
My gift to your new thread, lawgirl....the Symbol Info Label indicator.
Colors for both white and black charts are hard coded, and can be selected to override whatever colors have been entered into the External Inputs (which gives a third choice for set of colors). As always, I recommend users read the "Overview" at the top of the indicator compile to learn about it.
- #696
- Oct 5, 2010 5:14pm Oct 5, 2010 5:14pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Sorry I'm so late in answering you..your post slipped by me.
1. The 50 level is only for orientation. It visually demonstrates a neutral direction i.e. the 50 level is 3:00..anything above is long..below is short.
2. If you look back to the early pages, I believe you will find my comment that the weekly direction is not totally set, if it ever is, until around mid-week..just as the monthly direction is not set by the 3rd day of the trading month (as today).
So it seems that the direction the Weekly RSI is pointing, up (12 o'clock to 2 o'clock) or down (4 o'clock to 6 o'clock), is more important than if this action is taking place above or below the "50" level. And this conclusion may be especially valid if we seek only direction from the Weekly RSI because we are seeking entry on H4. I mean (unless I am missing something here) a final Weekly RSI "up" above the "50" mark can still yield a good move upwards as seen from the perspective of H4.
Someone please jump in and correct me if I am off base on this.
