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[QUOTE="hayseed, post: 144403, member: 5898"] //----- hey lesiro....... a few other the reasons for, ' [I]Yet, they go ahead with their trade[/I]', might be traders use differing time frames and indicator settings.... the rsi(10) might be oversold on the 60 minute chart yet overbought on the 1440..... likewise the rsi(7) might be overbought on the daily chart but the rsi(24) might be oversold on the same daily chart..... assuming there is such a thing as overbought and oversold...... someone short the eurgbp might be interested in adding to winners as the rsi goes clearly oversold in the thought that it might breakdown further...... this would be similar to trading using fractals..... let's not leave out chain reaction stoploss's being hit, central bank interventions, and the fact that many traders are not fully educated at timing trades...... some use moving averages for trend detection so a momentum indicator like rsi might not be on their minds..... and some claim to abhor indicators altogether..... so they probably cant even spell rsi......h [/QUOTE]
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