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"Anything can happen" - Mark Douglas.
One trade per daily bar, or per X bars on current timeframe 0 replies
1 trade per pair per year 6 replies
multiple systems per pair/multiple pairs per system? 3 replies
Trading 24 hours per day, 5 days per week 14 replies
DislikedHi Folks ! I'm following this thread with interestThe question I have is how to avoid the whipsaws in the RSI. Sometimes the RSI 2 goes above 70 or below 30 giving a buy or sell signal and shortly afterwards the price retraces. I'm using the line brake charts of tradingview at the moment. Unfortunately for watching lower timeframes than daily you have to pay for the service. I have attached a snapshot of CH/JPY chart for clarification. Maybe neilgroom can comment. Thanks for presenting this trading method. {image}
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Disliked{quote} If you could win them all we would all be extremely rich..... You win more then you lose and some go 300 - 400 -500 pips in the direction. Put the Line feed on setting 1. Tradingview waits until the candle closes on the line feed chart Second chart is line break 3 daily..... A few whipsaws and a few losers and this comes along..... I have left now - I've retired from forex and this factory.. I've made enough from this strategy to live a decent life without working... You have to take the good with the bad sometimes. Nothing is perfect. Nothing...Ignored
DislikedHi Neil ! Thanks a lot for the explanation. I appreciate the effort you put in here. It seems that you know your stuff very wellEnjoy the time and of course drink responsibly
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Disliked{image} Ok stupid oanda platform wont load at the moment so I cant post the rsi2hlc3. but it has crossed below 30, and very recently, so its fresh. I went short at 82.97 lets see what happens. There are alot of possible trades but It looks like cad is weakest jpy is strongest at the moment. So my plan is to exit the trade when rsi crosses above 70. But tomorrow after 5 pm eastern if i'm in profit(a sizable one) I will look for another possible good trade, and close part of the trade and divert the funds to new trade. I'm looking for fresh change...Ignored
Disliked{quote} This is showing less than 5000, why are we taking this trade?Ignored
Disliked{quote} If you could win them all we would all be extremely rich..... You win more then you lose and some go 300 - 400 -500 pips in the direction. Put the Line feed on setting 1. Tradingview waits until the candle closes on the line feed chart Second chart is line break 3 daily..... A few whipsaws and a few losers and this comes along..... I have left now - I've retired from forex and this factory.. I've made enough from this strategy to live a decent life without working... You have to take the good with the bad sometimes. Nothing is perfect. Nothing...Ignored
Disliked{quote} its not a major cross, so we are looking for 3 to 1 difference in volume only.Ignored
Disliked{quote} Hello, does the data on fxbook change once a week?? mine one stay the same for 3days already many thanksIgnored
Disliked{image} Ok stupid oanda platform wont load at the moment so I cant post the rsi2hlc3. but it has crossed below 30, and very recently, so its fresh. I went short at 82.97 lets see what happens. There are alot of possible trades but It looks like cad is weakest jpy is strongest at the moment. So my plan is to exit the trade when rsi crosses above 70. But tomorrow after 5 pm eastern if i'm in profit(a sizable one) I will look for another possible good trade, and close part of the trade and divert the funds to new trade. I'm looking for fresh change...Ignored
Disliked{quote} Hello, does the data on fxbook change once a week?? mine one stay the same for 3days already many thanksIgnored