Shotry wrote:
hi shotry
try metastock for 2 months then cancel it. At least you get 60 days free. This way you can tell if a pro chart is for you or not. But make certain you cancel it before the 60 days. Theres no obligation to keep it. I negotiated this special deal so as people can get to use professional charting for longer. you wont ever appreciate a charting package after 2 weeks so hence the 2 months deal.

it looks like inmarsat might be bouncing now....oh well ...typical....dohhhh

I know that the metadata will eventually cost me much more than my current charts. That worries me as my trading doesn't feel sufficiently consistent. I've had a bad run of late, with being stopped near the limits of a movement just to watch the trade continue to become successuful. Bit jumpy about spending money at the moment.

Exactly the same as yours remo. Long term daily view (showing RSI originating point):



dl.dropboxusercontent.com/u/20815047/ISATdaily09_05_13.gif

Weekly view:



dl.dropboxusercontent.com/u/20815047/ISATweekly09_05_13.gif

Shotry wrote:
hi shotry ...if the charts have errors on them then your RSI readings will also have errors.
I can see from your chart that some of the candles are clearly wrong.
If your trading via charts then its best to use reliable source.
Why dont you try the free 2 months offer from metastock then cancel it after if your not happy or if its not for you??? Thats 60 days of professional level charting free...

Hi shotry
looking at your chart i can see some errors with the long tails. Im sure IT finance charts are wrong.
it would be good if some one else could also verify it with updata.

screencast.com/t/7ZrrxQTM7

I also never had a clear trendline on the RSI (daily chart above).

screencast.com/t/moQIjUCoTx

I have a confusing picture of that rising trendline. Really wasn't sure where to place it. IT finance charts. Do you have a weekly chart Remo so I can compare (with your own trendline drawn in).

Ive closed my trade on this as its broken through and was not really happy with this trade due to the RSI. So small loss.



If you look at the RSI you can see that it broke the trend line early. For the price to have a good chance of bouncing of the trend line its best if the RSI bounces of its trend line.


Heres an example of what im on about



from this chart you can see how the RSI actually bounced of the trend line early. So this gives the trade to go long a better chance.

The above is a good example of what to look for when trading the first attempt trade of a trend line.

This is bang on the main up trend line..Im long on the first attempt basis trade. My stop is 10 points so small risk.
From the interesting chart section