Today I consider AUD/USD pair ,
On H1 chart it has good condition for sell , just waiting for closing current candle and getting red bbsqueeze engine.
On H4 we have a trend line , it shows a retrace wave , and bbsqueeze engine for up trend is OFF , then we can ignore the light green dot and go for sell , Cuz we get the entering signal from H1 .
On Daily chart RSI is at perfect condition for selling , bbsqueeze engine getting red , having a good resistance area , TTM is red , MA bearish cross ,....
61.8% fibo ratio of retracement and 161.8 % fibo extension is a good overlapped area for take profit . Put the stop above retrace area .
Re: MACD&RSI's Trading
12I will close HALF of position of AUD/USD at 0.75 and move the ST to entry point for the half one ,
waiting for 0.74 , I hope
waiting for 0.74 , I hope
Re: MACD&RSI's Trading
13Good trading journal mate. Keep us updated!
Re: MACD&RSI's Trading
14Just a small upgraded of the attached indicator (it is made new mt4 compatible, and user friendly)
Re: MACD&RSI's Trading
15very very thank you Dear mladen .
Now , with new indicator , we have a buy signal on EUR/USD .
Cuz of bearish powerful trend I put target just 50 pips .
Buy @ 1.059 , TP @ 1.65 , ST @ 1.05
Now , with new indicator , we have a buy signal on EUR/USD .
Cuz of bearish powerful trend I put target just 50 pips .
Buy @ 1.059 , TP @ 1.65 , ST @ 1.05
Re: MACD&RSI's Trading
16It's good to have a look at Dollar index .
first Daily chart ,
we have a bullish channel , which price fights to lower line , price can not go above the 61.8% fibo ratio , bbsqueeze engine is turned off .
On the H4 chart , we have a RSI below the center line (50 ) ,
based on the chart , may be price goes to the south and it means weak Dollar ,
wait for futures and market action ,,,
Please don't mind,i think your illustration picture deleted accidentally,you may upload it again
Hi macd&rsi
Thanks for your continuous sharing and contribution,appreciations and good enough
if you can and like uploading tmp,it will be easy for us learners to apply it with us and then adding some thing from our side or altering any thing if find better than, (conditionally)
your bbsqueeze with defualt as i don't know what setting you used
here is 3 state adaptive rsx 3.2 oma mtf,may be any of them fit possibly
first Daily chart ,
we have a bullish channel , which price fights to lower line , price can not go above the 61.8% fibo ratio , bbsqueeze engine is turned off .
On the H4 chart , we have a RSI below the center line (50 ) ,
based on the chart , may be price goes to the south and it means weak Dollar ,
wait for futures and market action ,,,
Please don't mind,i think your illustration picture deleted accidentally,you may upload it again
Hi macd&rsi
Thanks for your continuous sharing and contribution,appreciations and good enough
if you can and like uploading tmp,it will be easy for us learners to apply it with us and then adding some thing from our side or altering any thing if find better than, (conditionally)
your bbsqueeze with defualt as i don't know what setting you used
here is 3 state adaptive rsx 3.2 oma mtf,may be any of them fit possibly
Re: MACD&RSI's Trading
17Let's have a look at CHF/JPY pair ,
we have 2 charts , and everything is clear on chart ,
by comparing two charts , may be it has a little retrace to 113.
we have 2 charts , and everything is clear on chart ,
by comparing two charts , may be it has a little retrace to 113.
Re: MACD&RSI's Trading
18I could not find a good level for entry on CHF/JPY .
Now have look on GBP/USD , explain on chart .
at H1 we have a good move , but I prefer act based on H4 .
Now have look on GBP/USD , explain on chart .
at H1 we have a good move , but I prefer act based on H4 .