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RSI Today; Monday, Feb. 8th, 2010 – 8:00pm
February 8th, 2010 |
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I heard the other day that there is “No recession on the Internet.” I thought about that for a moment and agreed, anyone can start an Internet business and make money with a very small investment.
Taking it a little further I also thought, “There is absolutely no recession in the Forex Market”. Regardless of what [...]
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RSI Today: Question from RSI Trader
February 8th, 2010 |
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An RSI trader asked a question about RSI Today; Monday, Feb. 8th, 2010; 9:30am EST Update: 2:00pm.
I made this statement in that post:
“Statistically the retracement from (b) to (c) is in the range that would make this a successful signal. Success is defined by the new low equaling (a) to (b). Having said that [...]
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RSI Today; Monday, Feb. 8th, 2010; 9:30am EST Update: 2:00pm
February 8th, 2010 |
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RSI Today Update @ 2:00 pm EST
Not much to report other than price has moved sideways which has caused a minor adjustment to the trend lines.
Secondly we have extended the Negative Reversal line on The RSI Paint Indicator (red dashed line) to show that RSI has stayed under the signal. The extended line and the [...]
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RSI Today; The Week in Review
February 5th, 2010 |
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EURUSD Hourly – The predictive nature of RSI made trading this week well . . . rather predictable. As we had been in 4 trades beginning in December to the short side, we were not inclined to exit and begin guessing when to trade against the trend. Fundamentally the Euro has been weakening since the [...]
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RSI Today; Friday, Feb. 5th, 2010; 9:00am EST w/Update
February 5th, 2010 |
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EURUSD Hourly – Let’s look at price first. The Main Channel (yellow dashed) has expanded to the heavier dashed yellow line as price drove through the lower channel line late yesterday. There has been a small move pre-market, opening up through the Internal Channel or Leg (solid yellow line). This is not enough to change [...]
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EURUSD RSI Paint Indicator Trade Up another 150 pips
January 28th, 2010 |
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EURUSD Hourly; Signal Service Trade
The EURUSD is up over 1500 pips on 3 trades set off by RSI Paint Indicator signals. These can be done manually or through the Signal Service. Here is the current chart below.
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AUDUSD Update from Trade Setup 1/18/10; 1st trade up 347 pips
January 27th, 2010 |
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AUDUSD trade update from a set up almost 10 days ago.
Below is the current chart. The set up chart is here.
To see how this trade has worked refer to the NZDUSD trade here.
The circles above show where trades could have been entered. The first trade which I set up on the 18th is up 347 [...]
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NZDUSD Setup From 1/21/10 Now Up 166 pips; 2nd and 3rd entries add 200 pips
January 27th, 2010 |
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NZDUSD Hourly Chart Update from entry on 1/21/10. This trade is up 166 pips and is still live.
With the add-in points the trade is up 360 pips.
Below is the current Chart. Step by step below the chart.
1. #1 was where I showed this set up last week on 1/21/10. See here.
2. Entry at that point [...]
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EURUSD Trade Setup Discussed Here; Now Up 156 pips
January 27th, 2010 |
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EURUSD Hourly; 156 pips to date. Step-by-step
1. Point #1 was the first place this trade could have been entered but it would have needed a larger stop loss as the larger trend channel was expanding with the retracement to #4.
2. I have already defined #2 as the key resistance area for this trade with as [...]
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EURUSD Step-by-Step NEW RSI Trading Methods
January 27th, 2010 |
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EURUSD Hourly; 3 live trades now collectively over 1200 pips. See the step-by-step analysis below.
This shows an extended view of the EURUSD Hourly back to December of 2009.
1. RSI Negative Reversals began occurring in late December at #1 and before. The red lines on the RSI part of the chart are Negative Reversals that are [...]
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