Currency: ANY
Time frame: Daily
Indicators: Regression(14), RSI(7)
Details in the photo below.
Forex system - RSI & Regression line
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Only take a buy trade when the RSI(7) crosses the 30 line, and the candlesticks cross the Regression(14) line. and the opposite to sell. The Daily chart works best with this layout, and yes, I did take successful trades with this layout.
Not necessarily does the RSI have to cross the 70 or 30 lines to have a good trade, but for the best trades, you should only wait till the RSI crosses.
To tell you the truth, these currencies [USD-JPY - AUD-USD] work best with this layout, although you can use other currencies, and the RSI line
sometimes bounces between the 50 line instead of crossing the 30 or 70, which can lead to losses if traded (Example in pic below).
----------- EDUCATION ---------
-------TRADING METHODS ------
--------- FOR TRADERS ----------
-------------- OTHER ------------
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