MoneyTec Traders Community Forum - View Single Post

Pluteo · 06-11-2004, 02:44

Hi Triplepack,
Yes, like u say, I do long at at 9/3, and I calculate the target is 2866, and at Red'T' the close price is at 2910 9/24, (can not reach the '5', and at '5' the close price is 3145,maybe too high),and at that time the RSI(60.79) still under the Long Ema,and below 65, so I do long covering, but big confuse:after next two candles,U can see big rally and huge drop.like the chart show.at 10/29 , I start to short , and yesterday cover it,due to the rsi break the trend line(orange line,'3s') ,and waiting the buy signal.

luck

R

06-11-2004, 02:44	#39
Pluteo level 1 Join Date: Oct 2004 Posts: 7 Downloads: 0 Uploads: 0 Rep Power: 0	RSI Hi Triplepack, Yes, like u say, I do long at at 9/3, and I calculate the target is 2866, and at Red'T' the close price is at 2910 9/24, (can not reach the '5', and at '5' the close price is 3145,maybe too high),and at that time the RSI(60.79) still under the Long Ema,and below 65, so I do long covering, but big confuse:after next two candles,U can see big rally and huge drop.like the chart show.at 10/29 , I start to short , and yesterday cover it,due to the rsi break the trend line(orange line,'3s') ,and waiting the buy signal. luck R Attached Thumbnails Last edited by Pluteo : 06-11-2004 at 03:30.