Re: MACD&RSI's Trading

21
OK friends , Let's look at EUR/GBP chart , 

On daily time frame we had a trend line which acts good , and a regression channel , up cross moving averages , 

On H1 , we have a good support area ,  a RD+ on bbsqueeze  , a trend line , 

wait for H1 trigger , up cross moving averages , turning on bbsqueeze engine , breaking trend line , ...


   

if BUY signal would be OK , stop is under 0.8640
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Re: MACD&RSI's Trading

22
EUR/GBP is moving in our direction , 

Now we are waiting for bbsqueeze engine to getting red , it is orange now , I show it by a blue triangle on EUR/AUD chart. TP1 and TP2 is showed on chart , and so The middle line of andrew's pitchfork would be the final target .

 STOP would be at 1.4080.

 

hope big profit for every body
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Re: MACD&RSI's Trading

24
macd&rsi wrote:I set target of EUR/GBP to 0.88.

EUR/AUD trade has been activated.
Hi macd&rsi
pretty setup,thanks for your contribution,it really helping others
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

Re: MACD&RSI's Trading

25
EUR/GBP closed at entry point by GBP news , cuz I moved stop to entry point .

EUR/AUD hit stop badly .

Now , let's look at EUR/USD . 

On daily and H4 we have a good bullish trend ,RSI and bbsqueeze are on bullish trend also ,

 but at H1 time frame ,it shows  a neutral trend , waiting for turning on bbsqueeze engine ,RSI goes up the center line (50) ,  I showed it in a gray rectangle . 

IF it can go higher than 1.085 , the next target would be 1.11 , 1.12 ,  1.13. 

     
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Re: MACD&RSI's Trading

26
Flag pattern is one of the most probability patterns in technical analyses world . 

Based on the above link and figure , we have a bullish flag on the EUR/GBP H4 chart , RSI on 50 center  line , bbsqueeze engine is on , price stands on 50% fibonacci , so it would be a good long position , if we will have a powerful break and two moving averages cross . Target ( as I show on the above figure ) can be set at 0.9 , also it means 161.8% fibonacci , an important level in price moving . 

 
On daily chart we can see two important lines , which I drew them , bbsqueeze engine is on and two moving averages is crossed up , RSI is at good mood , may be we have another resistance on breaking bearish trend line on RSI . 

 

I follow H1 chart , to have a good entry point , when bbsqueeze engine getting on ,and RSI shows a good energy for bullish trend .

 

have a good days and profitable days !!  
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Re: MACD&RSI's Trading

28
gelsas wrote:Could somebody send me the link to the RSI of MACD indicator?
Couldn't find it.
 
Hi gelsas
I tried with search function and that return me dozens reply/links .... even then we are here to help you if you have some thing specific in mind.
regards
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.


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