QUOTE(Ken.B @ Jun 1 2012, 12:02 AM)
Hi Sifus. i have some questions that i want to ask.
For the chart above, the candlestick, bollinger bands and rsi indicates a bear trend.
Why does it rebound back?
Thank you thank you

since mr Quinn mentioned me
all from my experience;
1. the concept for rsi, stoc is to buy on oversold & sell on overbought ... which is on the contrary of what were done by you ..
2. BB take profit is at the 20MA.. sell on top of band & buy on bottom of band ( which is true sometime on a ranging market)
3. you are trading at major support (see 1M chart) .. always mark your S&R at bigger time frame..
5. you're trading M1 .... man... i can't do that... those are big traders' time frame...

Added on June 2, 2012, 8:58 pmQUOTE(solstice818 @ Jun 2 2012, 02:29 AM)
Whoever long GOLD will be laughing like mad now....
LOL like mad ....
This post has been edited by poks: Jun 2 2012, 08:58 PM