Page 1 of 10 123 ... LastLast
Results 1 to 10 of 99
  1. #1
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts

    intraday trading setups using trendlines and RSI only

    This thread will be similiar to the other thread i have started here @ http://indo-investasi.com/showthread.php/8174-Naked-charts-with-trendlines-only

    but posts will not be based on higher time frames. we will be looking at m15 charts and possibly hourly charts only here.

    WE DO NOT ADD TO LOOSING POSITIONS AT ANY STAGE.


    Money management is a maximum of 10% exposure at any given time and a minimum 1:2 risk:reward per trade, if this is not possible no trade is entered. Account is $1k in size and lotsize will be limited to 0.02 at maximum per trade

    I will be avoiding what is to be considered high impact news and will be flat 30minutes before said news. Medium or low impact will be ignored. For a good economic calendar please use http://www.dailyfx.com/calendar/ rather than http://www.forexfactory.com/calendar/ the reason for this is FF often displays news as Tentative while DFX shows the actual time, i also feel FF displays some news as high impact when DFX displays it as low or medium at best. In my experience DFX is more accurate in defining the impact the news will have on the markets.

    All pairs that i consider tradable due to trends / volatilty and spreads will be covered, which will be a maximum of 15 pairs at any given time, so plenty of potential.

    Please be aware that if you decide to follow any of these setups at any stage with real money you accept responsibility for any and all trades placed on your account. Dont come crying if you loose money simply because the markets did what they wanted or you over leveraged your trade(s)

    No i have not started a demo for this, is i recieve some requests i will do so but until then the only demo will be on the formentioned thread.

    With that being said on with the show


    Code:
    http://www.myfxbook.com/members/syk1kz/alpari-uk-noexpire/45200
    Last edited by syk1kz; 08-18-2010 at 12:23 AM.

  2. #2
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    first pic here shows audusd positive divergence appearing on what is widely considered the intraday timeframe to use, M15

    an upswing is being hinted at here



    here usdcad setting up a similiar scenario

    Last edited by syk1kz; 08-12-2010 at 05:19 AM.

  3. #3
    Silver Member Array wakjoe's Avatar
    Join Date
    Jan 2010
    Location
    yummy!
    Posts
    176
    Thanks
    547
    Thanked 192 Times in 62 Posts
    nice.. i like rsi so much.
    plz keep it coming sir
    tq

  4. #4
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    so audusd did indeed move up as per the picture posted


  5. #5
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    after the usd news i am looking to get short above 0.9000, probably wont marterialize though

    pending aud 0.9000 sl 0.90500 TP 0.89000 1:2 RR, expires 2 hours from now or 00:30 GMT +10


  6. #6
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    i have taken an exploratory short on audjpy


  7. #7
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    heres a demo i have been playing around on which is tracking these intraday setups
    http://pipstealer.mt4stats.com

    please note this is not a fresh demo but it is all trendline intraday trading.

    euraud trade is from the other thread, i really should of posted it here but it doesnt matter now

    silly me forgot to do TP for euraud, it hit TP and now reversed some what, sti

    ll up 30pips, will let it ride out now rather than closing it.

    EURAUD TP hit for a 1:2 RR, please check above mt4stats link for verification - it appears i mistyped TP, anyway it was still better than 1:1 by alot

    audjpy only trade open now
    Last edited by syk1kz; 08-12-2010 at 04:30 PM.

  8. #8
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    watching audusd, this will prob make or break my audjpy since they are following a near identical pattern as of late



    m15 might be ok to enter off if it doesnt close above, i dont know you make up your own mind, i will short if this m15 holds the trendline, and has a descent reversal, if it sits just under it i think it will continue to the next marked line, or somewhere around there in which case i will get short above 0.9000




    entered short at market, see above link for details
    Last edited by syk1kz; 08-12-2010 at 04:51 PM.

  9. #9
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    audusd has slowly entered into the positive, audjpy hasent budged

    ok so audjpy hourly shows support turned resistance, but will it hold?



    Last edited by syk1kz; 08-12-2010 at 08:00 PM.

  10. #10
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    now we have hit the asian session things will go quiet, although yesterday i raked in over 200pips during the asian over 5 pairs

    maybe today will offer a similiar opportunity, anybody interested in asian setups?

Page 1 of 10 123 ... LastLast

Similar Threads

  1. time frame for intraday trading
    By matias in forum General Forex Discussion
    Replies: 20
    Last Post: 10-06-2018, 10:55 AM
  2. Pristine Intraday Trading Seminar by greg capra
    By trduraikamaraj in forum Forex Clips & Movie Tutorial Request
    Replies: 2
    Last Post: 06-12-2010, 10:18 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •