RSi's tag archives

Forexbio Day Trading Method FX10

5 minute Chart Set-up Description:  An intra day trend following trading method, using the following indicators: • 10 period WMA (Weighted Moving Average) • 20 period SMA (Simple Moving Average) • Slow Stochastic  (10,6,6 (exponential)) • RSI  (28) • MACD   (24/52/18 (exponential)) Rules: Only take trades between 8AM-12PM EST and/or 2AM-4AM EST.  Why? click here... BUY the exchange rate when the 10 WMA crosses up past the 20 SMA and the Stochastic is signaling up...

15 Minutes Time Frame (TF) Forex System

Setup: 1) Open 15 min chart of G-J; change to candlesticks; enlarge as much as possible 2) Add Parabolic SAR, default settings; 3) Add 5 LWMA (close price); this is the signal line 4) Add 20 LWMA (close price); 5) Add RSI (5); add levels 10, 20, 70, 80 Entries (2 conditions!): 1) As a general rule, I enter a trade when RSI is between: -70 and 80, but preferably above 80 if I go short, and -20 and 10 but preferably below 10 when going long. 2) I also look at the candles pattern and...