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Channels Trading

BinaryMoneyStackerBinaryMoneyStacker Posts: 1 ✭
edited July 2014 in Binary Options Strategy
This is a 5 min chart for the usd/jpy. At the end of every week this pair goes into something called accumulation. The times are Thursday 6pm est to Friday close of market. Channels are created and you can take calls and puts. See attached photo. Use the RSI so you can have a confirmation of when something is overbought and oversold.
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    fxanywherefxanywhere Posts: 18 ✭
    Every pair has accumulation and distribution times, you can determine them using special indicators what has the same name with phenomenon. Thankfully I managed to customize it in my Hotforex platform and combine it with RSI so there is only one divergence indicator instead of two.
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    huzaifamfhuzaifamf Posts: 4 ✭
    Hi Binary, do you find that the breakouts sometimes continue in the direction of the breakout? In this case, does the RSI (3) usually show closer to oversold?
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