GBPSUD PROFIT

GBPSUD PROFIT
12th May 2017 contacttf
For a 14-period RSI, the Average Gain equals the sum total all gains divided by 14. Even if there are only 5 gains (losses), the total of those 5 gains (losses) is divided by the total number of RSI periods in the calculation (14 in this case). The Average Loss is computed in a similar manner

I was late into the trade. My strategy usually to get in on the reversal.

On this ocassion, I still expose less than 2% of my account.

I closed based on previous resistance. I did not wait until RSI red.

After trade analysis
Price is currently in a range. As I write, price gone down and through RSI red. I got a better exit and more pips.

The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The indicator should not be confused with relative strength.

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