EURJPY LOSS

EURJPY LOSS
25th August 2017 contacttf
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.

Charts line up, but the strategy did not work. I am having a tough time in the month of August.

My trade history in the past 2 weeks is:  0 wins, 1 breakeven, 14 losses.

Those stats look scary, fortunately money management has helped from blowing my account.

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.

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