Support and Resistance Trading Forum

Re: I hate Gold
By:Alan C.
Date: 5/7/2009, 2:00 pm
In Response To: Re: I hate Gold *PIC* (Alan C.)

The white buy and sell arrows shown on my last chart were paper trades that I made. (I overlooked removing them from the posted chart.) The buy was pushing a rally (before R2 was formed), and the sell was a stop loss. (Not a good example on my part of paying attention to the RSI trendlines!) But they do serve as an example of how the RSI trendlines are only "reliable" at the breakthroughs or the bounces.

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