Forum transfer: Submitted by laurentyew on January 25, 2008 - 08:26.
Hi,
This is the best forex website ever. Many thanks to all the people who started and supported it.
I'm very new to forex(been in for about 1 month) and would like to seek some help on understanding a few things. Attached is a picture of a trade that i made which ended in loss(Usng the simple balance strategy posted here).
I started my entry when all the signs suggested was right and exited once the RSI crossed over the 50 mark. But a got a loss. After a few days of observation using the same strategy, i noticed that the pips will drop whenever the RSI is moving towards the 50 mark.
Please advise is my observation correct ? and what when wrong for the situation that i posted.
Many Thanks