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EURCHF LOSS

6th July 2017 contacttf

The default setting used by most traders for the RSI is 14. That means that the indicator will go back 14 periods or time frames based on the chart being used (14 days on a Daily chart, 14 hours on an hourly chart and so forth) and make its calculation based on that

I took a second entry, but this hit my limit. My trading startegy aims for the bigger winning trades.

I was looking at other options. EURUSD and EURJPY.

Description. The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.