In this video I will show you where to exit the previous video trade "How to predict reversal trend Part I" , sa as we saw in the previous video we entered the trade when we met a divergence and when the price breaks a specific breakline. I will exit the trade if the RSI breaked the lower breakLine which we draw it previously (See the video) and in that case we will made at least 300 pips profit. So we exit the trade at the perfect place. Be sure that Forex can make you very rich and you will find yourself drive a hot car, with hot sexy women and girls. Forex can change your life . Owner of Rpchost is Joe Chalhoub who work in Mecanique Lebanon for vehicle inspection.
your second video and first video are contradicting the entry point
somsokor 3 years ago
Having worked in algo development for trading, I can tell you right now that your assumption about RSI will always mean that your profits would be sub optimal compared to other algorithms with conventional technical analysis. RSI is basically a measure of the averaged gains and losses, and waiting for a divergence in the trend for the RSI would either mean a profit less than the peak, or a loss. Consider yourself lucky the market didn't kill you on your trades yet! Nice thinking though!
comfortablesofa 3 years ago