FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Completion at top TL of descending channel , good res. at structure with RSI over bought and 127.2 ext. of recent high.
Very good opportunity, thanks for sharing! I noticed that you use a 10 period RSI, and I was just wondering, have you had good results with it?

Great analysis!
fximperija Daniel.Dalo
Much better results than the default 14 period. Thx
Daniel.Dalo fximperija
Thanks, I will try it! I've been using the 7 period since I watched a Jason Stapleton webinar, I really lile his methodology and the 7 period RSI has very good results too, but i'll try it as you use it to compare. Thanks!
fximperija Daniel.Dalo
I believe 7 is too small period, but If you have good results, stick to it. I don't want to sound like an arrogant bastard but Jason is not a good trader. He mentored Akil, so both have the same trading style. Whoever markets himself as a good teacher and pitch for curses and workshops isn't a real trader. Imo, the best traders don't waste time teaching others, they make money trading and don;t make money teaching. Exactly that is Jason doing, making money by teaching because he obviously sucks as a trader. Just my opinion.
On the other hand, I share my ideas and expect from others to do the same, so we can become better and profit from each others knowledge. I don't teach nor look for a teacher or mentor, I trade by myself. Cheers
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