THE 49 RSI SHOWS WHEN TREND IS LOPSIDED. TRY TO TRADE TO THE SIDE WITH THE LARGER SPACE FOR THE REASON THAT PRICE WOULD BE EXHAUSTED WHEN IT TRADES BACK TO THE 50 LINE. SO TRADE WITH THE TREND FOR EASIER PIPS.
Saturday, March 15, 2008
A BIG CLUE FOR WHAT THE TREND IS
THE 49 RSI SHOWS WHEN TREND IS LOPSIDED. TRY TO TRADE TO THE SIDE WITH THE LARGER SPACE FOR THE REASON THAT PRICE WOULD BE EXHAUSTED WHEN IT TRADES BACK TO THE 50 LINE. SO TRADE WITH THE TREND FOR EASIER PIPS.
Friday, March 14, 2008
euro/yen trade 3/14/08
Trade made 34 pips even though the trade was entered late in the cycle. The key is that the trade has to be entered in the direction of the MA8 slope.
Thursday, March 13, 2008
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