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Attachments: RSI Strategy
Exit Attachments

RSI Strategy

Traded the recent kiwi long signal and got out early with 1.5 pip
Missed AUDUSD because to much focal on EURUSD setup forming
Too bad the spead on my broker is too high... I mean.. 3 pips on EUR/USD...

I was wondering what is the spead on the one you are trading?
Quoting dashisiong
{quote} Go5, mind to share your template? Thanks
Don't have a template yet, simply put on Ichimoku and dissable evrything except the kijun-sen.
For the grid you can use this indi:
Attached File(s)
File Type: ex4 Grid_v2.ex4   3 KB | 265 downloads
Spread is 1-2 on all majors trading with FXPro

Any new trades you made guys?
Woohoo! EurGBP coming down nicely! Congrats to anyone who shorted (including me)
Quoting mindfreak87
Woohoo! EurGBP coming down nicely! Congrats to anyone who shorted (including me)
You waited it out eh, nice… I got in and got out with break-even … impatient
Quoting mindfreak87
Spread is 1-2 on all majors trading with FXPro Any new trades you made guys?
Short NU.
Quoting Ck87
{quote} You waited it out eh, nice… I got in and got out with break-even … impatient
You should be patient especially if it's coming from longer timeframe I closed all my positions now..and awaiting for new setups I'll keep sharing here ofcourse.

I still think it can drag lower to 7960 but I am very hesitating to hold it longer because the previous daily candle was very bullish. So I will just find new trades and feel confident that I am in profit, at least.

EURGBP is a very slow pair as you say, so it gives you the feeling that it won't move much in your favour.
Quoting mindfreak87
Woohoo! EurGBP coming down nicely! Congrats to anyone who shorted (including me)
Where did you enter? I didn 't see any signal?
Look at 4hr chart rsi I entered on Friday spike up to 83/84
Quoting mindfreak87
Look at 4hr chart rsi I entered on Friday spike up to 83/84
Well, on my 4H it only went to near 79 (standard 14 period setting).
Apart from that, I thought we were looking at the 1M basically.
This brings me to another point: do you have an (mtf) alert of some kind?
Quoting Go5
{quote} Don't have a template yet, simply put on Ichimoku and dissable evrything except the kijun-sen. For the grid you can use this indi: {file}
Thanks for replying...
Patience, let the market come to you!
On news days there are some good set ups in the Asian session. Just missed this one on AUD.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM1 example 7 5. 8.14.png Size: 72 KB
hi OZZIEDAVE,

i also use exclusive_mtf_rsi on my charts, but i get a refreshing drawing issue for all the rsi timeframe lines greater than the current one. To get them like yours i need to switch timeframe, otherwise instead having lines with steps, i get a continous line like the current timeframe.
Do you experience that issue too ? I've glanced at the code to find a possible fix, but i'm not really a coder, so.
Nice strategy, Thanks MF.

That will be good if you share your trades with us here or something like Skype room.
Then we can check our trades with you and learn fast and easy.


Regards
Bad feeling on USDJPY 5M out with +1 Good double top on NZDUSD out +4 .... wait next one :-)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 35 KB
Click to Enlarge Name: NZDUSDM1.png Size: 39 KB
fingers bloking you know? fast move for fast retracement... missed
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 30 KB
At this time i think Big Boys must push price down for better price when red new coming... play safe and grabbed 4 pip following action :-) time for coffe break..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 35 KB
obvius USDJPY played well after my exit
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 36 KB
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