Bruce Wayne is no longer Batman! Benny Manieri is!

FX:EURUSD   Euro / U.S. Dollar
170 4
For the past several days, we have observed EURUSD banging around inside a channel. Prior to this occurring down on the hourly, we saw the market in a steady uptick. I'm usually averse to doing bearish in such a bullish move, but the current channel signals that any consolidation play (ie; advanced patterns) should be safe for now. I am looking at some bearish plays should we shoot higher than 1.14703, but that's a whole other deal
Hi, Whats the reason of you use RSI(7) instead of RSI(14). Thank you.
BennyManieri Scenkciler
Operating under the assumption that all indicators are, "lagging" in essence, the 7 period RSI allows for a more sensitive reading than the 14, if that makes sense.
Scenkciler BennyManieri
Should i use RSI (7) short term trading like day trade with 5m or 15 m time frame ?
BennyManieri Scenkciler
Sure. I only use RSI and ATR and just pieces of the puzzle, though.
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