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News Trading with RSI

  • #41
  • Sep 7, 2016 9:22am Sep 7, 2016 9:22am
Quoting Exciter135
{quote} It seems you interpreted oppositely the rules. Mine was over 70 right 2hrs before news, so this is counted within 2hrs. Then it crossed below 30 46 minutes after that, .i.e within in 1h40. So this has to be taken oppositely, i.e. LONG.
Ya maybe.This system suits with nfp and fomc mostly.
  • #42
  • Sep 7, 2016 9:27am Sep 7, 2016 9:27am
Quoting TooSlow
{image} Buy stop triggered. Placing stops on both sides of price gets you in the trade in the profit direction. Have to exit quick. No looking back.
Hi mate. That means you're straddling. In that case what would the RSI be for?
On a side note: do you mind sharing the indicator that shows the RSI crosses and the occurring times? Thank you
  • #43
  • Sep 7, 2016 9:47am Sep 7, 2016 9:47am
Quoting TooSlow
{quote} Not sure I comprehend. Clock ticking... At 2 hours before news start looking at RSI(14) level Oldest 30/70 cross is used? Need clear rules/steps {image}
As far as I understand so far, the rules like this: (please do not take it as granted, let test more together. Today it worked like charm with GU on Manufacturing Production. I just observed, not take trade):
1/ Let start from 2hrs before time to release news, for example news would release at 15h:00 on my MT4. So we start observing from 13h:00.
2a/If there was any OB>70/OS<30 of RSI(14) M1 before 13h:00 (for example the OB/OS occurred at 12h35) and no OB/OS during 2hrs from 13h:00 until 15h:00 (release time), take trade opposite with OB/OS occurred at 12h:35.
2b/If there was OB/OS within first 20minutes of the period under consideration, i.e. from 13h:00 to 13h:20 (for example OB/OS occurred at 13h12), and no OB/OS occurred after that,.i.e from 13h:21 to 15h:00, then we take trade in the same direction of OB/OS occurred at 13h12.
2c/If there was OB/OS within 1hrs40 (100 minutes), i.e. from 13h21 to 15h00 (release time) (for example OB/OS occurred at 14h10), then take trade in the direction opposite with OB/OS occurred at 14h10.
I observed that we can open trade from 5 to 10 minutes before release time, but so nervous, so the way to play should be structured in a way that we can endure.
Indicator desired:
If somebody can code, please kindly create an indicator that plots three vertical lines deviding 2hrs before news release as mentioned into 3 periods helping the following easily. First period is 2hrs before release time. Second period is first 20 minutes of 2hrs. Third period is 100 minutes of 2hrs. I plotted manually it was not convenient. And the indicator can mark/show the signal candle at that the RSI crosses 70/30.
Hope that help.
  • #44
  • Sep 7, 2016 10:37am Sep 7, 2016 10:37am
Quoting Hammertop
{quote} Hi mate. That means you're straddling. In that case what would the RSI be for? On a side note: do you mind sharing the indicator that shows the RSI crosses and the occurring times? Thank you
RSI may indicate the strong side.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #45
  • Sep 7, 2016 7:48pm Sep 7, 2016 7:48pm
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RED AUD news in about 40 minutes
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #46
  • Sep 7, 2016 7:49pm Sep 7, 2016 7:49pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #47
  • Sep 7, 2016 8:23pm Sep 7, 2016 8:23pm
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Where is everyone?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #48
  • Sep 7, 2016 8:38pm Sep 7, 2016 8:38pm
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Ho hum
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #49
  • Sep 7, 2016 9:54pm Sep 7, 2016 9:54pm
Next hot news:
EUR ECB Press Conference

USD Unemployment Claims
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  • #50
  • Sep 8, 2016 6:07am Sep 8, 2016 6:07am
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eur red news
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #51
  • Sep 8, 2016 6:17am Sep 8, 2016 6:17am
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Less than 30 minutes before news
RSI14 dipped below 30.
What is call according to the rules?
Long/short?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #52
  • Sep 8, 2016 6:28am Sep 8, 2016 6:28am
I think we should take a short. 
What about you? 
  • #53
  • Sep 8, 2016 6:40am Sep 8, 2016 6:40am
Quoting TooSlow
{image} Less than 30 minutes before news RSI14 dipped below 30. What is call according to the rules? Long/short?
Short maybe
  • #54
  • Sep 8, 2016 6:42am Sep 8, 2016 6:42am
long and short with trail
Happy trading
  • #55
  • Sep 8, 2016 6:47am Sep 8, 2016 6:47am
buy trailing now and closed
Happy trading
  • #56
  • Sep 8, 2016 6:50am Sep 8, 2016 6:50am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #57
  • Sep 8, 2016 6:52am Sep 8, 2016 6:52am
Short 5+..I should have make a buy stop
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  • #58
  • Sep 8, 2016 6:54am Sep 8, 2016 6:54am
2c/If there was OB/OS within 1hrs40 (100 minutes), i.e. from 13h21 to 15h00 (release time) (for example OB/OS occurred at 14h10), then take trade in the direction opposite with OB/OS occurred at 14h10.

Less than 30 minutes before news
RSI14 dipped below 30.

So UP trade.
  • #59
  • Sep 8, 2016 6:54am Sep 8, 2016 6:54am
Next hot news:
EUR ECB Press Conference

USD Unemployment Claims
35 minutes left
  • #60
  • Sep 8, 2016 7:02am Sep 8, 2016 7:02am
Quoting saad007
Next hot news: EUR ECB Press Conference USD Unemployment Claims 35 minutes left
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Should we ignore the last RSI cross?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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