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LostTrader
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Everything posted by LostTrader
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Thanks for the reply Gingo. After looking at the current/past price action of pair, it seemed like it was a bit unstable and consolidating for the most part. I'll look to other pairs for now while I read through the old posts in this thread to catch up. Cheers!
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Hello everyone! I am relatively new to the world of trading, and brand new to this forum. This thread was one of the first I started reading, and I haven't looked at any others since. Love the simplicity of the system! I am slowly getting myself setup to start trading using this system and will be trading FX for now. I am looking at my first potential position signal in EUR/CHF as a long I think. () The 8,1,1 stochastic RSI is at 0, the EMA 21 is above the EMA 65, and the candle-bar price falls within the two EMAs. So I think I'm waiting on a upturn in the RSI and an opening higher than the final signal day's close. Please correct me if I've mangled anything there. I have attached a screenshot of the daily chart, three months out. I welcome any feedback or critiques. Looking forward to learning from all of you and hopefully contributing to this group!