Ok guys, this system does not work. It is just luck. Noorfx gave up on it rightly so.

News Trading with RSI

Just a slip there, according to the rules we should have gone long. So it worked this time again, 243 pips. PS. I should have traded it!!!!

News Trading with RSI

10 minutes to Core Retail Sales figures. According to the rules (which everyone has given up on) we should go short on the EUR/USD chart. Lets see? Plus this is not a huge FOMC type release, so double lets see??

News Trading with RSI

  Wouldn't short have paid off as well, almost

News Trading with RSI

Supposed to work with EUR USD only

News Trading with RSI

That worked on a non EUR/USD pair

News Trading with RSI

  So it proves one thing, it only works with EUR/USD presumably.

News Trading with RSI

  You don't need to be here. We are just trying out this system as well.

News Trading with RSI

  There's a pond between us, won't let 20 minutes come between us.

News Trading with RSI

  So what about any hits of RSI in between the 2 hours and 1 hour and 40 time scale? I suppose we need to work that out.

News Trading with RSI

  So what about any hits of RSI in between the 2 hours and 1 hour and 40 time scale? I suppose we need to work that out.

News Trading with RSI

Good one Saad. I just emailed TooSlow to restart this thread but you have done it already. Great one. What is your opinion on the 2 timescales that Noorfx was using, i.e. 2 hours and 1 hour 40 minutes? Should we just stick to 2 hours? Regards Saf

News Trading with RSI

What goes up....!

EURUSD

I am on board. Let's see where this takes us. Your analysis seems accurate. Keep it going mate.

Daily forecast from Aleksbuk

Wow! the bickering and bitching made me lose 2 pips. But it was fun.

EURUSD

Any predictions? Any soothsayers out there?

EURUSD

Where's he gone?

Trading old style with new tools

We will agree to disagree....but I am right!!

5 PIPS - Only Five