zentauro67 wrote:RSI2 4H is simply awsome. The cross of 20-80 level lines is one of the most powerful signals I have seen.

If I was forced to choose only one indi of the system and quit all the others, I´ll keep RSI2 (+240). You can trade without pivots, css, etc, but RSI2 is a must have.

Zennor wrote:

zentauro67 wrote:RSI2 4H is simply awsome. The cross of 20-80 level lines is one of the most powerful signals I have seen.

If I was forced to choose only one indi of the system and quit all the others, I´ll keep RSI2 (+240). You can trade without pivots, css, etc, but RSI2 is a must have.

I absolutely 100% agree with you on this and is pretty much how I trade now.. Still use pivots to guide me TP and SL wise, rarely look at CSS nowadays. I appreciate that whilst trending this is good and will get stopped out on a reversal but that would equate to a small loss after lots of wins so happy to do so.

Jason Rogers wrote:

totty23 wrote:FXCM freezing up all day, 'they are experiencing problems' when I entered chat.
I must say i have never had a problem before, but you realize how much you depend on this stuff when you don't have it. does anyone run a back up platform?

Hi Totty,

FXCM recently experienced tech issues that affected our Empty4 clients. Some traders were unable to log into Empty4 while others may have experienced freezing as you described. If you had a live trade that was negatively impacted by these tech issues, please note the rate at which you tried to exit the trade and submit an audit. The audit forms can be found below.

- FXCM LLC (US) Trade Audit Form
- FXCM LTD (UK) Trade Audit Form

I apologize for the inconvenience this has caused.



Jason

totty23 wrote:

Zennor wrote:

zentauro67 wrote:RSI2 4H is simply awsome. The cross of 20-80 level lines is one of the most powerful signals I have seen.

If I was forced to choose only one indi of the system and quit all the others, I´ll keep RSI2 (+240). You can trade without pivots, css, etc, but RSI2 is a must have.

I absolutely 100% agree with you on this and is pretty much how I trade now.. Still use pivots to guide me TP and SL wise, rarely look at CSS nowadays. I appreciate that whilst trending this is good and will get stopped out on a reversal but that would equate to a small loss after lots of wins so happy to do so.

Could you use CSS for determing which pairs are NOT moving?
H4 and H1 gives a more immediate picture once RSI gives a 'signal'.
I never know whether its luck or a brilliant system but in the past I would never have attempted to catch a falling knife like AUD/JPY yesterday, it turned into the flyer of the week. The system so often flies in the face of all MMM commentary and especially your gut. Who pointed out here they don't even look at news or opinion anymore, just wait for the indies to do their job and place your trades.

totty23 wrote:
Could you use CSS for determing which pairs are NOT moving?

Zennor wrote: I do occasionally look but mostly out of interest.

If price is below 240, RSI goes above 98 I put a sell order in at WP or WR which ever is nearest, SL is next pivot above and TP is next pivot below. If price is already above WP then I take the trade as soon as the RSI goes above 98. I do the reverse for buy orders.

A classic example of this working very well this week.
USD/CHF 10th June, at 0400 RSI went above 98 or RSI. When I got to my charts at 0800 price was going up towards WP. I put a sell order in on the WP, got triggered shortly after. SL was WR1 180 pips away, price never even got close. TP was WS1 some 220 pips away, TP two days later.

Very easy and profitable way of trading, I find you will get greater drawdown than if you use the CSS and wait for the goldenrod but you also get in a lot quicker and for a greater return. If you do not like drawdown then use the CSS and wait for the goldenrod to indicate price really has changed direction in your favour.

rosst wrote:

Zennor wrote: I do occasionally look but mostly out of interest.

If price is below 240, RSI goes above 98 I put a sell order in at WP or WR which ever is nearest, SL is next pivot above and TP is next pivot below. If price is already above WP then I take the trade as soon as the RSI goes above 98. I do the reverse for buy orders.

A classic example of this working very well this week.
USD/CHF 10th June, at 0400 RSI went above 98 or RSI. When I got to my charts at 0800 price was going up towards WP. I put a sell order in on the WP, got triggered shortly after. SL was WR1 180 pips away, price never even got close. TP was WS1 some 220 pips away, TP two days later.

Very easy and profitable way of trading, I find you will get greater drawdown than if you use the CSS and wait for the goldenrod but you also get in a lot quicker and for a greater return. If you do not like drawdown then use the CSS and wait for the goldenrod to indicate price really has changed direction in your favour.

Do you use limit orders most often?

Zennor wrote:

rosst wrote:

Zennor wrote: I do occasionally look but mostly out of interest.

If price is below 240, RSI goes above 98 I put a sell order in at WP or WR which ever is nearest, SL is next pivot above and TP is next pivot below. If price is already above WP then I take the trade as soon as the RSI goes above 98. I do the reverse for buy orders.

A classic example of this working very well this week.
USD/CHF 10th June, at 0400 RSI went above 98 or RSI. When I got to my charts at 0800 price was going up towards WP. I put a sell order in on the WP, got triggered shortly after. SL was WR1 180 pips away, price never even got close. TP was WS1 some 220 pips away, TP two days later.

Very easy and profitable way of trading, I find you will get greater drawdown than if you use the CSS and wait for the goldenrod but you also get in a lot quicker and for a greater return. If you do not like drawdown then use the CSS and wait for the goldenrod to indicate price really has changed direction in your favour.

Do you use limit orders most often?

Very interesting - basically you are only using MA for direction and RSI flatline for entry - do you only use the H4 chart? Thanks for sharing...
Yes mostly unless price is on a WP or north of it if selling, south of it if buying. Sometimes I'll put a limit order close to the WP if it looks like price may not go that far.

One example of a stock trade is the GBP/CAD, price hit WP, RSI at below 2, no idea where CSS is as I do not have it on my chart, I put a buy order in on WP, currently at +74 pips with SL now at break even, I do that when price goes +50 pips in my direction.

zentauro67 wrote:Hi, Zennor

We are trading in a very similar way. CSS avoids DD but makes you enter a bit too late in the trade. At the end of the day, if you considerer bigger profits from non CSS vs. smaller DD from CSS the numbers could be very close.

I choose the entries with RSI2 4h crossing 80/20 lines and some chart reading (I wait for a retrace trendline being broken)

I prefer to put the SL in the previous swing H/L instead of the previous pivot. No longer using 240 for SL.

Another rule for me is: don´t buy beyond WR1, don´t sell beyond WS1. You´ll surely lost big moves but that´s the price for safety.