Lisa

I have read numerous counts of articles about RSI. I also did a search on google about this indicator. So far I have received two opinions. Some claim that this indicator is stupid. Others claim a simple strategy using the RSI is highly profitable with the correct money management. For example, one post I read was watching for a higher low, higher RSI, and a MACD crossover. This is supposed to be a high probability trade. Any comments or thoughts on this?

Nooooo.

Hello Creso and welcome aboard Automated systems that make money do exist. But many are trend following systems. The markets will only trend 30% of the time so its good to know trading setups for a rangebound market as well. Here's an article I just recently picked up. It has some nice trading tips for a beginner. Forex and Foreign Exchange - Trading with Strategy

Is it common to see TICK's trade above zero during the entire trading session? I have been watching it closely the last few trading days and it seems to be the norm. Also, how do you judge whether the TICK will spend their time above zero or below zero prior to the trading day?

Specialist vs Market Maker system.

What exactly is a TICK hook? Also, do you trade soley of the TICK chart? Or do you have certain setups you use with it?

What timeframe TICK chart do you use? Also I noticed in your charts you use mostly a line on close TICK chart. Why is that?

Is there any book recommendations on market profile? I am very unfamiliar with it but going through the charts posted on this forum I feel like I am missing something. Thank you

Interesting... I'm going to test this out.