Sir i understand that..if u remember you had mentioned how we recognise in box system. that near historical lows , if price starts making higher highs and higher lows , then we know reversal is happening.
My question was based on EOD today , assuming that price closes at yesterday's high . Then again tommorow it makes higher low and closes slightly higher high. so we have a reversal in place ? In such cases when does one reenter longs after having exited shorts? In fact how does one know that he should exit shorts.
The RSI in GCI is a sinlge line in GCI and flat as of now.
These are the doubts that I have . Because you have explained the system well but not explained exits and re entry.
My question was based on EOD today , assuming that price closes at yesterday's high . Then again tommorow it makes higher low and closes slightly higher high. so we have a reversal in place ? In such cases when does one reenter longs after having exited shorts? In fact how does one know that he should exit shorts.
The RSI in GCI is a sinlge line in GCI and flat as of now.
These are the doubts that I have . Because you have explained the system well but not explained exits and re entry.
to be independent ,use most simple way to have a basic idea of the trend
use rsi at eod chart and the basic trend will be clear to you independently !!!!just apply it at gold and silverand crude,it will tell you first two are short and crude may shift to long if its closing at 12 pm to day comes at current level
use rsi at eod chart and the basic trend will be clear to you independently !!!!just apply it at gold and silverand crude,it will tell you first two are short and crude may shift to long if its closing at 12 pm to day comes at current level