Wirehair

Simple RSI/MACD strategy

FX:EURUSD   Euro / U.S. Dollar
874 6 2
Simple stuff but notice how each low in RSI confirmed by subsequent MACD cross over, signals a rally.
Has happend 9 times in the last two years, including two slightly premature signals that still would have yielded a positive trade.
Now MACD appears to be ready to cross over following the recent RSI low. Notwithstanding ECB tomorrow will history repeat?
Good setups and helpful to have tight stops. If you wait for the MACD to cross, then the entry is from a much higher level then the blue arrow suggests.
Reply
Good point and thanks for pointing out. You can say the same thing for exits. If you likewise use MACD crossover to identify the top, then the exit will be lower than the arrow suggests. I think the main conclusion is that the methodology has been able to confirm the swing lows and beginning of new rally fairly accurately during last almost two years uptrend. That’s all.
Reply
tnx, for me it's clear i long eurusd
Reply
lesbi007 piptank
Regardless of Draghi's decision eur/usd is set to tank long way to 1.30. We can see huge distribution phase between 1.38-1.39 with brief hype to 1.40 where big guys shorted the market heavy!
Reply
99nines lesbi007
it's heading to 1.48
Reply
99nines piptank
agreed :) just hold out at least for a new top :D
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out