Market Curiosity: Exploring Markets And Systems

June 7, 2011

CHF – Short due to high RSI? (update 1, June 8)

Filed under: Futures Trades, Just Watching — Tags: , — Jeff Fitzmyers @ 10:43 pm

Sell stop near day’s lows.
Stop loss a bit above day’s high.

– Daily and weekly RSI > 70.
+ This order could be a tad early: so either the trade is profitable quickly, or get out.
– Just hit a major round number –> 1.200.
+ Small risk.

MRCI long term chart.

June 8: Stop not elected. Seems like it can go a bit higher.

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