There is a massive green line on that chart demonstrating perfectly why I completely avoid CHF pairs!

Breakout London Timeframe

I don't even have any swissy pairs in my market watch

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Also took a fairly standard crossover on the EURAUD, ignored the fact that the weekly RSI was slightly above the 50 line since everything else looks great, and the weekly RSI is not a rule of the system, just something I like to add to help me make ...

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Re-entered the EURJPY continuation due to the stochs turning down again, and turning red, as well as the RSI still looking good for a bearish move.

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Did you take EURAUD or EURJPY krismitt?

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Isn't the HMA 12 being the correct colour one of the other indicators? Therefore doesn't it have to change back to the correct colour for the direction you are entering according to this statement? Perhaps I have misunderstood and RH can clarify. ...

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By the way, if any of the more experienced members feel I have made any errors in my explanations please feel free to step in and correct me. I wouldn't want to spread incorrect information, and I would learn something myself. I've only been at this ...

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I'm not seeing the colour change in the HMA 12 that you need for continuation entries in those charts. For example I have uploaded a screenshot for you. As you can see the move is going up, the HMA 12 is green, then it changes to red for a couple of ...

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Yeah, the 4H RSI needs to be above the 50 line for it to be a valid trade. The fact that it's dipping down a little now is also potentially problematic. Just wait, another trade will be along shortly. ADDED: If it's the close of bar two of the move ...

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Personally I saw it as coming in on the second candle, which I thought was completely in line with your rules? But maybe I have made an error there. In any case, thank you again for your input and explanations. They are always really welcome. I ...

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Thanks again. I appreciate the information. Can I ask a couple of questions? 1) It doesn't look like you would have missed the first green line, just entered it slightly later, and wouldn't you have also caught the two continuations after the 2nd? ...

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There does seem to be plenty of entries where all these three timeframes agree, as in the AUDUSD trade I posted above. In the end, I am a rank beginner. So I can only take my lead from more experienced traders here, which I hope is what I am doing. ...

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I'm not using 4H, W, and MN, I'm using 4h, D, W. But I take your point.

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Fair enough, thank you for clarifying, I appreciate it. As mentioned above personally I'm not treating the extra timeframes as hard and fast 'rules', more as extra confirmations which are helping me to trade with the trend more effectively. On this ...

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I went short on AUDUSD at the close of the last candle. 15 pips so far

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From the earlier discussions I feel that Krismitt and RH already concluded that this is just a refinement of an existing rule. In any case, this is just semantics. I follow the rules as written, with the addendum that I prefer to check the RSI on ...

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I am tracking and documenting it though

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No new rule, just checking the RSI on three timeframes (D1, W1 4H) instead of just on the 4H, as has been previously discussed here. ADDED: Please see page 195 onwards, krismitt first mentions it there, with further discussion following: url

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I did take the GBPJPY one even though the D1 RSI was still above the 50 line. 8/9 of the signals are indicating a stronger than average sell, the pair is a sell on most timeframes (it's a weak buy on the weekly, but sell everywhere else), and ...

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I picked up the JPY one as well, not the NZD one though. For that one the Daily and weekly RSI was above the 50 line, so I decided to leave it.

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