USDCHF PROFIT

USDCHF PROFIT
1st March 2018 contacttf
The Chikou span is the lagging indicator component of the Ichimoku Kinko Hyo candlestick trading model. The Chikou is a line of the most recent price action, but it is plotted 26 trading periods into the past. Chikou spans are designed to allow traders to visualize the relationship between current and prior trends.

This was not my usual trading pattern.

I got in ‘reading the tape’. The price movement just looked right for a short, short.

The trade worked and I closed out what was a support line.

After trade analysis
The drop in price has tripled since getting out. I think I am using the wrong system. lol

The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. An intraday forex trading strategy can be devised to take advantage of indications from the RSI that a market is overextended and therefore likely to retrace.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*