GBPUSD LOSS

GBPUSD LOSS
26th May 2017 contacttf
The Heikin-Ashi technique uses a modified formula:**xClose = (Open+High+Low+Close)/4. o Average price of the current bar.**xOpen = [xOpen(Previous Bar) + Close(Previous Bar)]/2. o Midpoint of the previous bar.**xHigh = Max(High, xOpen, xClose) o Highest value in the set.**xLow = Min(Low, xOpen, xClose) o Lowest value in the set.

Price went down to support and bounce. I took the trade, because the risk/reward was better.

Trade did not work. I will not be getting back into this pair again today.

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.

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