Posts tagged with ‘#fxalert’

  • 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.

    EURAUD PROFIT

    Trade entry taken based on price hovering near the support line. The trade was closed based on the Ichimoku resistance…

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    CADJPY LOSS

    I got back in again because I thought there was a reversal. I usually go in for a 3rd time,…

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  • 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.

    USDCAD PROFIT

    This was possibly my best trade ever. The timing of the near perfect entry/exit was awesome. It’s price was floating…

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