This was nice. The break of the RSI trend line occurred at the same time as the retracement entry when the RSI dropped below the 13SMA. Again, price went the 8 pips to hit my one-to-one target. What a great day! Cheers, pipShine

M5/15 RSI 50/50 Test Journal

Similar set-up to yesterday morning with the RSI poised to break through a trend line. Let's see how this one plays out...

M5/15 RSI 50/50 Test Journal

Good luck to you - the M1 is too fast for me! The candles are too long so I'm going to step away from the table for today. It's been a good morning. And you're right: patience is the hardest - but most important - skill to master.

M5/15 RSI 50/50 Test Journal

Glad that it worked out! Thank you for the RSI trend line break strategy.

M5/15 RSI 50/50 Test Journal

The RSI closed below the trend line on the M5 chart so I took a short trade. Price moved nicely toward my 8 pip one-to-one target. A satisfying trade!

M5/15 RSI 50/50 Test Journal

Waiting for the RSI to cross of the trend line and then for an entry one time frame lower. New York opens in 10 minutes...

M5/15 RSI 50/50 Test Journal

Proving yet once again that it's not what you do - it's how you do it...

M5/15 RSI 50/50 Test Journal

Yes, I only looked at the M15 chart. Your explanation was very clear - I'll be sure to watch the H1-M15 combination from here on in. I do understand that an MTF approach can filter out a lot of losing trades. I wasn't certain if the candle had to ...

M5/15 RSI 50/50 Test Journal

My first trade. Breakout from top of box, RSI above MAs and and above 50 level. This one went against me but was it a valid entry? Love the thread! Cheers, pipShine

M5/15 RSI 50/50 Test Journal

Hi, Thanks for putting in the time to explain your system. I look forward to learning from you. Cheers, pipShine

M5/15 RSI 50/50 Test Journal

AudUsd M15: Full Loss I seem to be a magnet for false breakouts this morning.

Learn&Earn

Hi, Price broke out then retested yesterday's high. When price broke out again I decided that the top of the channel would be a reasonable target. It was not meant to be. Cheers, pipShine

Learn&Earn

I think I'll stick to the M15 charts - Whatever mentioned at the beginning of this thread that was the preferred time frame.

Learn&Earn

Hi, EurUsd M5: Full Loss - Well, you win some and you lose some. Have a good weekend everyone. Cheers, pipShine

Learn&Earn

Hi, AudUsd M5 - This trade went very well. Bullish hidden divergence and a strong breakout helped push price up to my 1:1 target. Cheers, pipShine

Learn&Earn

Hi, UsdChf H4: Full Loss - The entry looked strong to me: I had all dark greens on my dashboard and price was breaking above yesterday's high. And the CCI(14) was just breaking the +100 level. But then price just dropped like a rock. This one I ...

Learn&Earn

I glad that you spelled that out. Forex trading is not effortless and easy. It is hard work and requires a plan and a will to show up every day. And although losing a trade may be painful, not learning from the loss can be deadly. But it's also very ...

Learn&Earn

I really liked your analysis, benjamin89, the hourly resistance is very obvious now that you've pointed it out - I just have to learn to see it before I take my trade. And thanks for the reminder that the best trades are entered on a fresh break of ...

Learn&Earn

Hi, Two trades this morning... AusUsd M5: This looked like a good entry but it reversed and tagged me out for a full loss before going on to hit my 1:1 target. I've been told that there would be days like this... UsdJpy M5: This trade went entirely ...

Learn&Earn

Oh, you're definitely right, with more information one can make smarter trades. So I'm slowly adding more and more elements to my analysis. It's just I have to add new elements one at a time and only when I've become comfortable with my existing ...

Learn&Earn