Why do you even need RSI though, why not just use the chart, look for signs of outbursts followed by smaller/slower candles and higher highs/lows + candlestick pattern. there you go! by outburst, i define price climax as any candle where the size is ...

EASY H1 trading using divergence and candle sticks

I suppose it is just like in option trading, when you sell naked options the odds are very in your favour that nothing bad will happen, but when a catastrophe comes to you, no matter what standard deviation you are talking about will be moot. If you ...

How to rescue a losing position?

yes... but if you combine that with longer-term outlook, if this breaks out 40 pips... you get what I mean... actually my actual outlook is that we see weekly R1 (1.3063) today, and a reversal back to 1.26 in the next couple of week.s

EURUSD

check out forex factory, 56% shorts.

EURUSD

actually I see more bears than bulls. lots of people playing divergences, double tops, candlestick reversals etc. etc.

EURUSD

every move down is being bought up, or you cld say every move up is being sold down But as long as bears don't gain any ground here the bulls are going to break this 1.3020 level soon.

Trading EURUSD only

Just want to add that, if you look at the 5 min chart, you see inverse H&S building, it's a long-term bottom.

EURUSD

seems like forming inverse H&S pattern on 5 min chart, check out the fractals

Trading EURUSD only

yeah well unless this breaks below 1.29800 if not we will see 1.3050 it's just a matter of time.

EURUSD

we will go higher regardless

EURUSD

that was 45mins ago.

Trading EURUSD only

my guess is 1.30518 still

Trading EURUSD only