Well, this was my second trade for the morning and it was a full loss as well. But I did learn something so I'm back in the saddle tomorrow morning if the market looks good. This Friday is the NFP report, I believe, so I expect that this week could ...

M5/15 RSI 50/50 Test Journal

I like the three-bar reversal entry. I particularly like how you applied it to the GbpNzd M15 chart. It looks like a profitable way to see when the retracement is reversing and the main trend is resuming. A safe way to catch a falling knife... ...

M5/15 RSI 50/50 Test Journal

That is good advice. I'll have to tape it to my monitor for next time. At least I learned something in the process.

M5/15 RSI 50/50 Test Journal

Not a great way to start the week. I took a full loss on the UsdCad M5. Well, things can only get better...

M5/15 RSI 50/50 Test Journal

Good morning, Hope that everyone had a great weekend. Again the EurUsd H1 shows some promise with an extended RSI trend line and bearish regular divergence. I'll be watching this one. Cheers, pipShine

M5/15 RSI 50/50 Test Journal

Nicely done, kellycml.

M5/15 RSI 50/50 Test Journal

Thanks Inthebox and kellycml! I wish you both a fine weekend.

M5/15 RSI 50/50 Test Journal

What can I say besides it feels good to be winning again!

M5/15 RSI 50/50 Test Journal

Maybe I spoke too soon... (And yes, the 34 sma was below the 50 on the M1 chart.)

M5/15 RSI 50/50 Test Journal

Yes, I'm just trading the majors for now - less erratic and better spreads. I'm playing it safe... You're right, its coiling quite tightly around the 50 level. I guess nothing's happening for the next while. Nice trick! I'll ...

M5/15 RSI 50/50 Test Journal

I'm really having a hard time finding a target this morning. I'm quite prepared to walk away if nothing shows up in the next hour. I'm a bit wary of Fridays in general and the later it gets the more uncertain I feel it is.

M5/15 RSI 50/50 Test Journal

I'm really excited about incorporating the slope of the 50 SMA into my trading as a filter. It's a simple tweak yet makes so much sense. Thanks again for sharing your insights in this thread.

M5/15 RSI 50/50 Test Journal

This thread is actually the most peaceful and respectful that I've seen. The system is powerful yet simple. And very well documented. Thanks, Inthebox - this thread is a pleasure to participate in and I'm learning more here than I have in a long ...

M5/15 RSI 50/50 Test Journal

I'll be watching the UsdJpy and UsdChf this morning.

M5/15 RSI 50/50 Test Journal

EurUsd M5: Breakeven The RSI closed below the 50 level and both SMAs so I entered. Once the RSI closed below the trend line I really thought that I had the trade but price reversed. I had long since moved my S/L to one pip below my entry so I still ...

M5/15 RSI 50/50 Test Journal

I guess we're never happy with what we have...

M5/15 RSI 50/50 Test Journal

The first round of beer is on me!

M5/15 RSI 50/50 Test Journal

But I'll be on a beach on a tropical island with a drink in my hand...

M5/15 RSI 50/50 Test Journal

You are brave to go in after the initial move. I don't understand how to do that.

M5/15 RSI 50/50 Test Journal

So far it's been worth 2% a day. It would be amazing if I could do this most days. The hardest thing for me is to not overtrade. So I leave my desk after my first win.

M5/15 RSI 50/50 Test Journal