Trading with RSI?

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Thread: Trading with RSI?

  1. #1
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    Default Trading with RSI?

    Trading with RSI?
    Although no trading system can solely rely on RSI indicator , using it in combination withe other tools and proper technical analysis can bring a new edge to your Forex trading.
    What do you think its good???

  2. #2
    Junior Member Steven Smith's Avatar
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    Just have a look at the Day EU chart

    The blue line is about to cross the red line from above, which means a potential sell entry is near.

    RSI is also about to cross the 50 level (yellow line) from above, a potential sell entry.

    Now when both these conditions are fulfilled we can enter at the opening of next candle.

    Set TP at 20 pips.




    Good Luck



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    Last edited by Steven Smith; 10-11-2013 at 10:55 AM.

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    To find technical analysis about shares such as candle stick,Rsi, bar charts, trends etc., which software is good and user friendly and where it will available.

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    Junior Member nanypurwanti's Avatar
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    Quote Originally Posted by akonlki231 View Post
    To find technical analysis about shares such as candle stick,Rsi, bar charts, trends etc., which software is good and user friendly and where it will available.
    trade using RSI is good enough...
    I've try it, i make open position when the price is over bought and will going reversal. i've got 10-20pips on that strategy. It's need accuracy analysis and prediction...

  5. #5
    Member samuel_p80's Avatar
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    yeah, using RSI is pretty helpful. but i think that it must needs some other indicators...
    If just using RSI, it's not enough...

  6. #6
    danny
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    rsi indicator can combine with many indicator. it is a basic indicator and usefull for trader. we can use it to find a trend of market

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    RSI is one of the popular indicators. So I think it can help to determine the trend, time entries, and much more.

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    Member celcius's Avatar
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    But if only using RSI, it is not enough to analyse market. it needs other forex indicators to make more accurate market decision.

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    I have work on RSI, one of the most perfect indicator. I only work on RSI 50 mostly with moving average. It works best with my strategy.

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    in ro ham eslah kon:
    If you are searching for a regulated broker you can try Forex4you. It is very helpful and very innovative. Their services are very different from many other brokers. They provide minimum spreads starts from 0.1 pips and maximum leverage up to 1:1000. They provide 24/7 customer services to their clients through call in the sites and direct chat. They have different types of accounts for different types of traders. They also don't charge any commission in many accounts. Overall, it is very good regulated broker in the forex market.

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