However, when you day trade EURUSD in 1 min chart, you say we should way for a consolidation of at least 2 bars (you prefer 3) after a pull back. The 50 level of the RSI is often regarded as a trend confirmation and by only trading when this level is breached we are making sure we are going in the direction of the trend. This model tries to do it all, with all of the associated risks and.
In each of the different classes I took from Rudd, he introduced and described the importance of using intrinsic value to find the worth of a company. If you are using great charts, the trend you put on the 240 will move down to the 120 when you open it.