RSI Strategy | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

RSI cross indicator when rsi=50 19 replies

RSI (Fast) above/below RSI (Slow) displayed as a Histogram 5 replies

RSI Strategy that works well but i need an EA to test it more!!! 0 replies

RSI, %R, CCI Strategy (Would like programmed) 5 replies

RSI, MA, BOLL or RSI, BOLL MA diferents results 2 replies

Attachments: RSI Strategy
Exit Attachments

RSI Strategy

  • #121
  • Aug 5, 2014 3:16am Aug 5, 2014 3:16am
Nice signal on EurUsd
M1 + M5 confirmed = strong signal

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.IM1.png Size: 62 KB
  • #122
  • Aug 5, 2014 10:09am Aug 5, 2014 10:09am
Here is an EU reversal trade. Took 4 pips here could have held on but just testing things out for now.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1 LT2 5.8.14.png Size: 73 KB
  • #123
  • Aug 5, 2014 10:17am Aug 5, 2014 10:17am
Missed this GBPUSD trade. But if you ever get these set ups pay close attention. Notice you have the long move up which is the pole and the zig zag pattern all the way back down to the base of the pole. Then bingo..divergence on the 1M chart and a nice ride north.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1 example 8 5.8.14.png Size: 86 KB
  • #124
  • Aug 5, 2014 10:22am Aug 5, 2014 10:22am
Quoting dinofx
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.
Hey Dinofx

I took the daily, monthly and weekly RSI lines off my chart. really don't need them to trade 1M charts in my opinion. Now if you do have the loneger TF RSI lines on your chart beware the lines won't step up or down until that specific time period has ended, for example a 4 hr RSI on the on minute chart will look kinda flat for 4 hrs before it steps up or down and it doesn't always step in the next 4 hr increment depending on the price movement.
  • #125
  • Aug 5, 2014 10:38am Aug 5, 2014 10:38am
Here's a little tip for you newbies. The first chart is a 15M NZDUSD. See the long pole up and the retracement all the way back down to the base of the pole. Now when looking for divergence on this set up I would use the low of the base of the pole and the slightly higher low when price comes back down to test the base of the pole. See the divergence blue line. Now you could take this trade on the 15M char. You can also drop down to the 1M chart and start to look for divergence when price gets close to the base of the pole, see 1M chart.

The one thing that is very difficult is trying to watch more than just few 1M charts at the same time. I have just plain missed some set ups.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDM15 example 9A 5.8.14.png Size: 99 KB
Click to Enlarge Name: NZDUSDM1 example 9B 5.8.14.png Size: 74 KB
  • #126
  • Aug 5, 2014 3:41pm Aug 5, 2014 3:41pm
Quoting ozziedave
Here's a little tip for you newbies. The first chart is a 15M NZDUSD. See the long pole up and the retracement all the way back down to the base of the pole. Now when looking for divergence on this set up I would use the low of the base of the pole and the slightly higher low when price comes back down to test the base of the pole. See the divergence blue line. Now you could take this trade on the 15M char. You can also drop down to the 1M chart and start to look for divergence when price gets close to the base of the pole, see 1M chart. The one...

Thanks for sharing this basic information...nice and easy to understand.
Patience, let the market come to you!
  • #127
  • Aug 5, 2014 7:37pm Aug 5, 2014 7:37pm
Here's a live trade form last night on AUDNZD. Entry was a little early. Got out with 3 pips but could have gotten 6 or 7 but was being greedy and lost a few pips.

Good divergence on this chart at supply level on HTF.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDM1 LT3 6.8.14.png Size: 79 KB
  • #128
  • Aug 6, 2014 2:57am Aug 6, 2014 2:57am
Can anyone code an indicator that does this?

http://www.forexfactory.com/showthread.php?t=498016

Very painful to monitor pairs one by one, a dashboard can be so great for at a glance rsi reading of the pairs we want.
  • #129
  • Aug 6, 2014 4:45am Aug 6, 2014 4:45am
Quoting mindfreak87
Can anyone code an indicator that does this? http://www.forexfactory.com/showthread.php?t=498016 Very painful to monitor pairs one by one, a dashboard can be so great for at a glance rsi reading of the pairs we want.
What I am trying out now is this RSI with alert, squeezed together at the bottom:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 76 KB
Attached File(s)
File Type: mq4 Color RSI with allert1.mq4   11 KB | 624 downloads
  • #130
  • Aug 6, 2014 4:49am Aug 6, 2014 4:49am
My new chart!
Attached Image (click to enlarge)
Click to Enlarge Name: FxPro - MetaTrader 4.png Size: 126 KB
  • #131
  • Aug 6, 2014 6:50am Aug 6, 2014 6:50am
Quoting Go5
{quote} What I am trying out now is this RSI with alert, squeezed together at the bottom:{image} {file}
Great job but how does this work?,does it work in connection with the dashbord RSI?
  • #132
  • Aug 6, 2014 6:51am Aug 6, 2014 6:51am
Quoting mindfreak87
My new chart! {image}
This is great but how does it work ?does it alert you on the entry wen our RSI for sell and buy is reached?
  • #133
  • Aug 6, 2014 6:55am Aug 6, 2014 6:55am
Instead of watching every pair, I just watch the dashboard every now and then, if a green/red number appears I start to get ready awaiting for the entry. BTW that was nice rebound on GJ long, closed too early tho
  • #134
  • Aug 6, 2014 6:59am Aug 6, 2014 6:59am
Quoting mindfreak87
Instead of watching every pair, I just watch the dashboard every now and then, if a green/red number appears I start to get ready awaiting for the entry. BTW that was nice rebound on GJ long, closed too early tho
thats a great job wish i can compensate you mindfreak
  • #135
  • Aug 6, 2014 7:01am Aug 6, 2014 7:01am
Quoting commander365
{quote} Great job but how does this work?,does it work in connection with the dashbord RSI?
I use it for the alarm and it gives you a visual (other color). Don 't know yet if and how the dashboard works, some pairs are colored but no interesting RSI values to be seen...
  • #136
  • Aug 6, 2014 7:16am Aug 6, 2014 7:16am
Quoting Go5
{quote} I use it for the alarm and it gives you a visual (other color). Don 't know yet if and how the dashboard works, some pairs are colored but no interesting RSI values to be seen...
does it alert you wen an entry is met?
  • #137
  • Aug 6, 2014 8:03am Aug 6, 2014 8:03am
Quoting commander365
{quote} does it alert you wen an entry is met?
I would not jump in a trade just on the alert alone -
  • #138
  • Aug 6, 2014 8:05am Aug 6, 2014 8:05am
Quoting Go5
{quote} I would not jump in a trade just on the alert alone -
sure no one will do that,but what do you see to mindfreak new dashbord showing the whole pairs?
  • #139
  • Aug 6, 2014 8:11am Aug 6, 2014 8:11am
Quoting mindfreak87
My new chart! {image}
MF there should be 5min and 1 min too.
  • #140
  • Aug 6, 2014 8:18am Aug 6, 2014 8:18am
Quoting mario777
{quote} MF there should be 5min and 1 min too.
sure i support that too
0 traders viewing now