Posted:
#51
picking up speed
11/9-10........Monday $$$
Posted:
#56
Quote Originally Posted by popinjay:
nice one with GBP
when there is a cross or looks like a cross is coming (like that GBP) how do you determine if its a buy or sell? i was thinking if RSI is in upper half then buy if in lower half then sell. the 2and 4 hrs seemed to be in lower half so I would have used that to indicate sell not buy. do you use RSI on the shorter term charts to indicate buy/sell or use the trend of the RSI line (it was trending up to the upper half even though it was in the lower half of 2 and 4 hrs)
If the +DMI is coming up through the -DMI or ADX its a buy......and vice versa.....RSI has to be trending your way or topped/bottomed out
Posted:
#62
When i log in i will go through the 4hr on all the USD prs and a few EURs...JPY,GBP
I usually keep a sheet of notebook paper at my desk as im scanning and i write down the ones that i like or the ones closest to being ready.....then ill start looking through the shrt term charts on what i wrote down....
Posted:
#71
Quote Originally Posted by bucknuts:
Well there are two options out there.....a buy of USD/GBP bottomed on the 2hr it has some room to drop on the 4hr but i dont think it will.....also a sell of USD/CHF looking for a cross to come on the 2hr and the RSI has turned down on the 4hr.....i will post when i jump in
ORC....GBP was a bottom not a cross
POP move your mose to the time of or just b4 the cross that was in the 15:00 block
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