3rd January 2019 contacttf
The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. An intraday forex trading strategy can be devised to take advantage of indications from the RSI that a market is overextended and therefore likely to retrace.

There was never really an opportunity here. I forced this trade through. The 1, 5 and 10 min charts were bullish. My thinking was to get a quick scalp, as 15min and 30min were bearish.

My entry was a lot higher and some way above the support line.

I closed at the earliest opportunity for breakeven.

DEFINITION of 'Tenkan-Sen' The mid-point between the highest high and lowest low of a particular security calculated over the past nine periods. The Tenkan-Sen line is the conversion line used specifically in the Ichimoku Kinko Hyo (or Ichimoku Cloud) equilibrium charts.


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