Trading news strategy with RSI indicator

Discussion in 'Trading Systems and Strategies' started by AAY, Jun 3, 2016.

  1. AAY

    AAY Guest

    Hey, folks

    Just to inform you, I don't have any EA, this strategy is used with the RSI indicator and is pretty complicated, as well as other strategies are, but this one is something. Here, have a look.
    I use GMT2- timezone for the shown pictures in this thread.
    Although this strategy may not seem legit from the first time reading it, I did some research on it and it turned out great.

    1. This strategy may ONLY work on events such as Non Farm Payroll, FOMC Minutes and meetings and other highly recognized economic important events, and currency pair EURUSD since it is the most stable.
    2. You must use the RSI indicator to spot market movements from a specific time period, which will lead to identification of whether you should go LONG (buy) or go SHORT (sell) market.
    3. You MUST have M1 chart in your pair (EURUSD) or else this strategy won't work.
    -
    TRADING FOMC

    [​IMG]

    In the above picture it shows that the line broke out with LONG (BUY) on 12:28, HENCE the market has only 1.3 or 1.4 hours to go LONG if an event arrived at that time, if it passed more than the given time (which is 1 hour and 40 minutes) it INDICATES that you need to go SHORT (SELL) but since FOMC is on 21:00 (GMT 2-), I can't tell yet.

    On 15:28, it went SHORT (SELL), meaning it has room to go SHORT for 1.4 or 1.3 hours.

    [​IMG]

    On 17:26 it went LONG again. It kept on going LONG for more than 2 hours, meaning it will GO SHORT on the FOMC Minutes as shown below!

    [​IMG]

    On 21:00 (2:00 PM) it went SHORT and fell almost 65 pips! Sadly, I can't predict the market so I only set my TP on 16 pips which is enough for me.

    [​IMG]
     
  2. AAY

    AAY Guest

    NFP event tomorrow!
     
  3. AAY

    AAY Guest

    Please inform me if you did not understand this strategy, I'll explain it step by step.
     
  4. AAY

    AAY Guest

    So, U.S. NFP is 1 hour away. Depending on the situation, it hit SHORT on 12:17 and LONG on 14:35, meaning the chart will go LONG and we should BUY!

    [​IMG]



    Shown above, it states that it hit LONG on 14:35 and the event is on 15:30, meaning it has less than 1 hour to go LONG this time.
     
  5. AAY

    AAY Guest

    Oh yes, it went long on 15:30
     

    Attached Files:

  6. AAY

    AAY Guest

    I use GMT-2 folks!
     
  7. AAY

    AAY Guest

    Hey folks. NFP is 55 minutes away. Last it broke out on 13:00, I will keep you informed if it changes route within 8:30 AM. See picture below.

    [​IMG]
     
  8. AAY

    AAY Guest

    As per my strategy, NFP is going LONG!
     
  9. Pepitka

    Pepitka Newbie

    3
    0
    2
    Hi, are you a money manager and do you have a track record?

    Thanks!
     

Share This Page