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News Trading with RSI

  • #61
  • Sep 8, 2016 5:25am Sep 8, 2016 5:25am
Quoting TooSlow
{quote} {image} Should we ignore the last RSI cross?
It's better to ignore
  • #62
  • Sep 8, 2016 5:27am Sep 8, 2016 5:27am
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What is call according to the rules?
Long/short?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #63
  • Sep 8, 2016 5:40am Sep 8, 2016 5:40am
Pending hit.Took some shorts.
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  • #64
  • Sep 8, 2016 5:48am Sep 8, 2016 5:48am
After news trading.RSI jumped from 30+Volume rising

Next Red news:
CAD Employment Change
CAD Unemployment Rate
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  • #65
  • Sep 9, 2016 5:06am Sep 9, 2016 5:06am
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Waiting
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #66
  • Sep 9, 2016 5:24am Sep 9, 2016 5:24am
usd cad sell?
  • #67
  • Sep 9, 2016 5:41am Sep 9, 2016 5:41am
Quoting saranga
usd cad sell?
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Most recent RSI cross prior to news was the 70.
So call was long?
Long paid off.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #68
  • Sep 9, 2016 12:51pm Sep 9, 2016 12:51pm
Quoting TooSlow
{quote} {image} Most recent RSI cross prior to news was the 70. So call was long? Long paid off.
 
Wouldn't short have paid off as well, almost
  • #69
  • Sep 9, 2016 12:54pm Sep 9, 2016 12:54pm
Quoting safhammer
{quote} Â Wouldn't short have paid off as well, almost
Down spike last about 2 seconds.
Had to have had TP set to make a profit.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #70
  • Sep 9, 2016 1:00pm Sep 9, 2016 1:00pm
Quoting Exciter135
{quote} 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...
I totally agree with your understanding. Thanks!
  • #71
  • Sep 9, 2016 1:08pm Sep 9, 2016 1:08pm
I would add to the rules:
You have to close immediately after the news: 1-2 seconds, which it might be difficult manually;
or
You have a Take Profit.
Thanks for continuing Noorx idea!
  • #72
  • Sep 15, 2016 5:23am Sep 15, 2016 5:23am
10 minutes to Core Retail Sales figures.
According to the rules (which everyone has given up on) we should go short on the EUR/USD chart.
Lets see?
Plus this is not a huge FOMC type release, so double lets see??
  • #73
  • Sep 15, 2016 5:37am Sep 15, 2016 5:37am
Just a slip there, according to the rules we should have gone long.
So it worked this time again, 243 pips.
PS. I should have traded it!!!!
  • #74
  • Sep 16, 2016 7:13am Sep 16, 2016 7:13am
Ok guys, this system does not work. It is just luck. Noorfx gave up on it rightly so.
  • #75
  • Sep 16, 2016 7:17am Sep 16, 2016 7:17am
Quoting safhammer
Ok guys, this system does not work. It is just luck. Noorfx gave up on it rightly so.
Unless you have the power to move the market in your direction, all wins are luck.
Study Mark Douglas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #76
  • Sep 16, 2016 8:46am Sep 16, 2016 8:46am
Quoting TooSlow
{quote} Unless you have the power to move the market in your direction, all wins are luck. Study Mark Douglas.
Are you still in this?
  • #77
  • Oct 7, 2016 5:28am Oct 7, 2016 5:28am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #78
  • Oct 7, 2016 5:31am Oct 7, 2016 5:31am
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Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #79
  • Oct 7, 2016 5:34am Oct 7, 2016 5:34am
Today's NFP trading. +22 pips
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  • #80
  • Oct 7, 2016 5:37am Oct 7, 2016 5:37am
Quoting TooSlow
{image} {image}
Boom!!!
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