Two things that I have picked up from this thread for which I am very grateful: 1) Identifying the direction of the main trend and naming the type of entry. This forces me to see what price is actually doing and not just what I want to see it do. 2) ...

M5/15 RSI 50/50 Test Journal

Hi, GbpUsd looks like it is ready to drop anytime. A type 20 Retracement entry in the same direction as the main trend and price is below Daily Pivot and Open. But it's right on the 1.3000 level. So I'm going to wait for price to break the whole ...

M5/15 RSI 50/50 Test Journal

Hi, UsdJpy M15: A winning 2a Retracement Entry in the direction of the main trend. Both of the trades I took this morning were winners! This trading system is the best I've ever used. I think I'm going to quit for the day so I ...

M5/15 RSI 50/50 Test Journal

I took this one on a 3-candle reversal. It feels great when a trade goes as predicted!

M5/15 RSI 50/50 Test Journal

Waiting for a short entry signal on the M15 or M5...

M5/15 RSI 50/50 Test Journal

I entirely agree. And isn't it a bank holiday in Britain? It is a slow ranging Monday in general as you pointed out. I haven't taken a trade this morning and probably won't take one until NY open tomorrow morning. I'm trying to strengthen my ...

M5/15 RSI 50/50 Test Journal

We do have some bullish hidden divergence setting up on H1...

M5/15 RSI 50/50 Test Journal

Thanks for the encouragement. Yes, I'm really enjoying this method - it's clean and simple. I believe that I can improve my consistency if: I don't overtrade I trade what I see and not what I want to see I'm not in tomorrow because I avoid NFP ...

M5/15 RSI 50/50 Test Journal

A nice finish to the week for me! Thanks for all your feedback and insights. This thread is a joy to participate in!

M5/15 RSI 50/50 Test Journal

I tried to keep my analysis simple and basic. I like taking my set-up from the trend line cross of the RSI on the H1 then drilling down to the M5. Otherwise I lose sight of the basics.

M5/15 RSI 50/50 Test Journal

I'm waiting for price retrace to the 50 level then drop below the support line. Does that sound reasonable?

M5/15 RSI 50/50 Test Journal

I'm keeping my eye on the AudUsd this morning. This is what it looked like at NY opening.

M5/15 RSI 50/50 Test Journal

This video is brilliant! Thanks for sharing it. It's very clear and no-nonsense. I really like the K.I.S.S approach to trading. I'd really appreciate watching more videos like this. Thanks, Inthebox.

M5/15 RSI 50/50 Test Journal

Thank you, Inthebox, I'll watch it today!

M5/15 RSI 50/50 Test Journal

Well, I knew that trading the retracement was risky. I think that if the US CB Consumer Confidence wasn't coming up in 15 minutes then I might have had a chance. Note to Self: Stay away from trading against the trend and stick to the methods ...

M5/15 RSI 50/50 Test Journal

I agree. I think this is a retracement and not a reversal. I've counted at least 4 bearish waves.

M5/15 RSI 50/50 Test Journal

As I believe that the current down trend is due for a retracement, I went long on the trend line break. I'll be putting my S/L to breakeven if price ever makes it to 50% of my target.

M5/15 RSI 50/50 Test Journal

So I went out with my wife for Chinese (hakka) dinner this evening and I figured it out. I understand why I made all my trades last week and none of them today. Last week I took my trades when the price on the H1 charts broke the RSI trend line. ...

M5/15 RSI 50/50 Test Journal

I always welcome your insights and appreciate your comments and suggestions. I seem to have a natural talent for taking entries at the tail end of the trend. You do mention right in Post #1 to only take trades on the 1st and ...

M5/15 RSI 50/50 Test Journal

Nicely done!

M5/15 RSI 50/50 Test Journal