AUDUSD M5. Currency Strength Meter can also be used to spot opportunities. image

Start Winning - Trade the Current Trend

Bullish Channel, Bullish 34 EMA + 3 RSI buy signals are ideal buy conditions and vice versa for shorts. Check any chart and any TF and you will see many opportunities.

Start Winning - Trade the Current Trend

Here is the same chart but on M5. I have added another Fibo Channel (blue and yellow) and you can see multiple opportunites to buy. My SL was hit on this trade. image

Start Winning - Trade the Current Trend

Ok Nelson, thanks for your opinion. Here is a look at where I'm going with my system. Entries are still based on the 3 RSI, but I am prefering the OB/OS levels instead of the 50 level. I am not using any other RSI on my trading chart but I am using ...

Start Winning - Trade the Current Trend

file

SMA Crossover Alert needed!

OK here it is, but you may need to typethe settings manually as you will probably have issues as I described above. file

Start Winning - Trade the Current Trend

Here is a new RSI Dashboard that I have been working on. (Edited screenshot as Timeframes on left were in wrong order on 1st screenshot) image It uses the same indicator twice. Right Dashboard - (trend direction) Set to 21 RSI to show main trend ...

Start Winning - Trade the Current Trend

Just do this:- 1. Attach your RSI to your chart. 2. Insert a rectangle in to the RSI window. 3. Open the rectangle properties and set the parameters to highlight the levels you want and change the year for the start and finish of each ...

Start Winning - Trade the Current Trend

Hello everyone. Happy New Year! To answer your question Nelson, I'm not really sure whether to keep this thread going and here is why; I think the thread is a bit messy which is completely down to me and my desire to continuously improve on my ...

Start Winning - Trade the Current Trend

I find RSI to be a good indicatorof trend on every TF. Above 50 and the trend is up. Below 50 and the trend is down. The 14 period RSI is ok but also a higher period RSI may suit. image file

how to find which pairs are trending {i'm a day trader}

I use the volume suite from the PVSRA threads. There is another one out there somewhere called better volume 1.5 or something like that that you would find by doing a quick search on Google.

Start Winning - Trade the Current Trend

OK so I said that I was going to be working on the MA and RSI Dashboard that I have on my trading chart. The reason I wanted to work on it was that I was using both and that was too much information; they were providing contradicting information ...

Start Winning - Trade the Current Trend

Good Advice - it is probably best to avoid EU for now unless you like uncertainty and volatility. I have been managing a hedged order so thats the reason I maintained my focus on this pair today. Here is a EU M5 chart though to show the importance ...

Start Winning - Trade the Current Trend

Grantmac, sorry for my lack of communication lately. Silly season is upon us and I am literally snowed under with early mornings and very late finishes. I have been trading EU on my phone when I can and I've taken long and short positions which I ...

Start Winning - Trade the Current Trend

Very well done buddy. Awesome trading!

Start Winning - Trade the Current Trend

Even if you think there is buying going on on a big scale you can still make money shorting by trading what you see on the smaller scale. Price may "consolidate" for some time so there could be opportunities up and down. Just be careful.

Start Winning - Trade the Current Trend

One of my favourite ways to analyse volume to try to determine what the big boys are up to is to look at M30 or M15 (and also M5 and M1), zoom out a bit and try to see whether volume has been highest at the recent highs or the recent lows. I have ...

Start Winning - Trade the Current Trend

Regarding volume. Here is what I find makes it interesting. Here is EU M15. Look at that lowest pin bar and the volume associated with it. Without volume it looks very bearish since market open, But why is the highest volume bar also the lowest ...

Start Winning - Trade the Current Trend

Grantmac, This week I will try to post some more of my trades with explanations. I only traded EU last week and my chart looks a mess when I use my orders indicator to show the trades I took. Explaining them all would be a nightmare and I think ...

Start Winning - Trade the Current Trend

Well done vanupips and grantmac. Brilliant to see you both making good trades. I have been very busy at work but have still managed to trade using my phone. Every day I am routinely making more money using this system than my daily wage from my full ...

Start Winning - Trade the Current Trend