Hello,
just to share my idea in short I would like to present a formula that would help to read techni cal conditioms for a specific currency in short period of time lets say from 15 minutes to 2 hours of chart . It would guide to buy sell or hold the position ,
its just in a trsting mode and I believe its giving me good enough results to understand the TA for doing specific trades. for eg. usd/jpy pair .
when candles touches upper bollinger band and rsi is above 70 and macd long line ( blue) cutting short line downwards youz can open a sell position or vice a versa. one needs to close the position at middle bollinger band once the candles has touched them or wait to get another candle to close above in buy call or below in short call to continue or add another trade.
most important once you have choisen specific tikme frame stick to it and DO NOT change to other time intervals .
just to share my idea in short I would like to present a formula that would help to read techni cal conditioms for a specific currency in short period of time lets say from 15 minutes to 2 hours of chart . It would guide to buy sell or hold the position ,
its just in a trsting mode and I believe its giving me good enough results to understand the TA for doing specific trades. for eg. usd/jpy pair .
when candles touches upper bollinger band and rsi is above 70 and macd long line ( blue) cutting short line downwards youz can open a sell position or vice a versa. one needs to close the position at middle bollinger band once the candles has touched them or wait to get another candle to close above in buy call or below in short call to continue or add another trade.
most important once you have choisen specific tikme frame stick to it and DO NOT change to other time intervals .