DislikedDid anyone take this trade? I've been looking at the various charts, and I don't see any way to get into it.
First off, it's not at all clear to me that the RSIs would line up for this trade until most of it was done. It's very hard to tell that in hindsight (and that's one of the things that makes this system dreadfully hard to backtest -- it's almost impossible, at least with the backtesting tools at my disposal, to get a quick read on the H4, D and W RSIs). So I can't look at this chart and know that there was a trade brewing just before the...Ignored
Moving up to the H4 chart, do the same. You will note that the line is dragging the bottom..it can't do anything else as it cannot go lower and PA is not going up. Same is true on the daily chart..dragging the bottom.
PA is also continuing down, PA trumps RSI, at least in the short term. Assuming I had taken notice of this pair at the BO and without the indicator's arrows, I would have entered this trade short on the M15 chart after it cleared the support line. Even getting out after that red candle that cleared the support line..that would be about 60 pips.