DREBG's Forex Blog
4/19/10 - CHF/JPY Long Opened Off Demand
Posted 04-19-2010 at 09:08 AM by DREBG
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Updated 04-20-2010 at 08:06 AM by DREBG
Updated 04-20-2010 at 08:06 AM by DREBG
Tags chfjpy, trade setup
RSI has since broken it's channel (hadn't quite done-so yet on this chart but it was anticipated...).
Entry is @ 86.23
Looking for +120 @ 87.43 (supply)
SL is set for -70 @ 85.53 (below Demand)
R&R= 1:1.7
4/20/10 - Update: Trade Complete: Target Hit for +120
Entry is @ 86.23
Looking for +120 @ 87.43 (supply)
SL is set for -70 @ 85.53 (below Demand)
R&R= 1:1.7
4/20/10 - Update: Trade Complete: Target Hit for +120
Total Comments 4
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I like the way u use that rsi channel, u have some very nice 4hr swing trades
Posted 04-19-2010 at 09:33 AM by larryfolson
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Quote:Originally Posted by larryfolson
I like the way u use that rsi channel, u have some very nice 4hr swing trades
Thanks, Larr... I have to say, the RSI Break Strategy has been going far better than expected. These TF's are longer than I am used to but I find they offer fantastic perspective if you have the patience! LOL!
Posted 04-19-2010 at 09:46 AM by DREBG 
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I like this RSI Break Strategy too!Quote:Originally Posted by DREBG
I have to say, the RSI Break Strategy has been going far better than expected. These TF's are longer than I am used to but I find they offer fantastic perspective if you have the patience! LOL!
Thanks for sharing it with us my friend
Posted 04-19-2010 at 10:27 PM by Ruben..
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Original Post Updated with Chart Showing Target was ReachedPosted 04-20-2010 at 08:06 AM by DREBG
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