Get started

Rsi-2

A range bound EUR/USD may rise back to its top Sitting in a range EUR/USD may rally back to the top of the range. If not, it may retest the level halfway and continue downward. Signs of bullish anticipation are shown by price finding support at the bottom of the range, a near resembling low test bar - but really a bullish reversal bar , and Stochastic and RSI bullish divergence . entry - above high of reversal bar stop loss - below low of reversal bar target - at around 1.1100 or 1.1450
Long
by amanpaulbhogal
1
Simple RSI-MA Algo Beats DOW By Huge Margin Over Past 100 Years!This simple RSI-MA long/short algorithm beats the Dow by a FREAKING HUGE margin over the past century (excluding dividends and trading costs). The algorithm uses a fast SMA of the RSI as a buy/cover signal and a slow SMA of the RSI as a sell/short signal. Backtest period = 09/17/1916 - 11/02/2015 DJIA = 98 --> 17,830 = +18,094% = 5.38% CAGR Algorithm = net profit + open P/L = +43,349% = 6.31% CAGR Notice how the algorithm dodged both the 30s' Great Depression and the 2008 Crisis. Pretty cool huh? :) ALGORITHM'S FORMULA (use weekly chart): Buy/Cover = MA10(RSI10) cross> 50 Sell/Short = MA50(RSI10) cross< 50 STRATEGY TESTER'S SETTINGS: - Initial cash = $10,000 - Pyramiding disabled - Re-investment enabled (order size = 100% of equity) - Trade re-calculations disabled DISCLAIMER: None of my ideas and posts are investment advice. Past performance is not an indication of future results. This strategy was constructed with the benefit of hindsight and its future performance cannot be guaranteed.
DJ:DJI
by Stable_Camel
4
#AUD/USD #bullish precursorAUD/USD has formed new structure recently showing signs of a trend reversal. Whether this continues to hold longer or not is for price action to reveal. As for now, a potential bullish continuation is brewing after what seems like a shall retracement. The close of price action by end of day as a low test bar above ~0.7250, where price has found support, will further confirm potential bullish intentions in price. Other than that the reasons for going long are: rejection of 50 ema; a rising 50 ema; rejection and close above 0.382 Fibonacci level; and convergence on Stochastic and RSI indicators. entry - above high of low test bar stop loss - below low of low test bar target - at or above previous high/resistance area around 0.7400
Long
by amanpaulbhogal
USD/CAD Bearish Divergence Set UpA bit late in posting, but since my entry short hasn't triggered, I though I'd write a quick post. So price met resistance at the 1.3350 area and closed underneath as a high test bar. A short entry signal is pronounced with the accompaniment of oscillator divergence on the Stochastic and RSI indicator. As it is Friday, there is a lull in the markets as usually is, price may still fail to trigger an entry short and they way the price bar appears now price action may close as an inside bar for which a short entry can be revised. entry - below low of high test bar or low of inside bar stop loss - above high of high test bar target - previous low/lower
by amanpaulbhogal
Short again on AUD/USDAnother short set up on AUDUSD since downward momentum on the previous set up (idea linked) failed is on offer. The present set up comes after a deeper pull back, organic in a sense, into the 50 ema which also lines up with a previous level of support (~0.7250), now acting as resistance, and the 0.618 FIbonacci level. Price closed as a high test bar. Oscillator convergence is visible. entry - below low of high test bar stop loss - above high of high test bar target - at or below previous low
Short
by amanpaulbhogal