RSI and BollingerBand Strategy
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Thread: RSI and BollingerBand Strategy

  1. #1

    RSI and BollingerBand Strategy

    # EURUSD : As you see in bollinger band that the price of EUR/USD touch the least point. and in RSI the trend line touches the 30 area that clearly shows the up trend of EUR/USD. and i hope it can touch the bollingerband area of 1.3645 very soon. So its better to Buy EUR/USD from 1.3552 , SL: 1.3520 , TP : 1.3640
    Attached Images Attached Images

  2. #2
    #EURJPY : As you see that the pair EURJPY is touching the minimum point in bollinger band and near to touch the 30 area of RSI. RSI and BollngerBand shows that the market of EURJPY is still under pressure and goes down to 131.25 area. So better to sell know with SL of 132.20 and TP of 131.25.

    rsi-2.JPG

  3. #3
    #USDCAD : The pair is seems like an very clear positions on RSI after touching the price on 70 area and bollingerband at most area. this time the market looks clearly an strong selling position and it might be to goes back till 1.03030
    Sell @ 1.030259 | SL: 1.03390 | TP : 1.03030

    usdcad.JPG

  4. #4
    yes your post to maintion the EUR JPY work but dear that is trading market and there is no idea the market movement is now very fast or low, so the some time point of bollinger is band and near touch the 30 area of RSI, and the eur jpy is must still to under pressure and must goes down.so be care full work here.

  5. #5
    #EURJPY
    EURJPY have very great turn back from 131.16 to 131.90. As RSI and bollinger band shown that the pair EURJPY touch the most price 131.97 and now its time to turn down . I would like to suggest that make an SELL order or this pair till 131.40
    my recommendations are
    #EUR/JPY SELL @ 131.90 | SL: 132.35 | TP: 131.40

    here is the graphical analysis.
    EUR-JPY-2.JPG

  6. #6
    Quote Originally Posted by taqiniazi View Post
    #EURJPY : As you see that the pair EURJPY is touching the minimum point in bollinger band and near to touch the 30 area of RSI. RSI and BollngerBand shows that the market of EURJPY is still under pressure and goes down to 131.25 area. So better to sell know with SL of 132.20 and TP of 131.25.
    Dear Thread starter, I can guess that your position has already hit the stop loss right? Because you set the take profit too high. You may get a lot of opportunities if you set the take profit in small amount and then you can open long position. You have been waiting until the price hit the target while you lose so many long positions from 18th September until now. Why don't you suggest to open long in that pair because from the screenshot, I see that there are lot opportunities of long position but you only suggest to place sell limit.

  7. #7
    #GBP/USD

    GBP is still in under pressure. RSI and Williams Percent Range and Bollinger band Shows that in this time market is on its highest value. This time is to selling position of GBP/USD.
    Our recommendation is to SELL GBP .. and support and resistance are

    • Support: 1.5890(S1), 1.5716 (S2), 1.5561(S3).

    • Resistance: 1.6000 (R1), 1.6162 (R2) and 1.6260 (R3).

  8. #8
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    The rsi trend indicator,is a very good indicator for identifying the trend,from experience i would say that the rsi and bollinger band are just to know market conditions,but not for entry points,those patterns you notice on both indicator are not constant in yielding returns on a scale of reward to risk,you'll notice that you'll lose more that you'll earn,so its best you just use both indicator as trend indicators and use price movements or corrective price movement as entry point.

  9. #9
    Quote Originally Posted by uchexxx View Post
    The rsi trend indicator,is a very good indicator for identifying the trend,from experience i would say that the rsi and bollinger band are just to know market conditions,but not for entry points,those patterns you notice on both indicator are not constant in yielding returns on a scale of reward to risk,you'll notice that you'll lose more that you'll earn,so its best you just use both indicator as trend indicators and use price movements or corrective price movement as entry point.
    you have a point to some extent, but i will say that the rsi is very useful it is an indicator that can indeed be used to indicate and signal entry points in the market and corrective price action is one of the best market condition that the rsi indicator is used to clearly identify.

  10. #10
    #EUR/USD

    As you see the huge movement yesterday in EUR/USD pair. RSI and Williams Percent Range and Bollinger band Shows that in this time market is on its highest value in H4 time frame.. This time is to selling position of EUR/USD.
    Our recommendation is to SELL EU .. and support and resistance are

    • Support: 1.3735(S1), 1.3685 (S2), 1.3635(S3).

    • Resistance: 1.38270 (R1), 1.3865 (R2) and 1.3880 (R3).

    eu-usd.JPG

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