RSI indicator trading strategy, Part 1 | Forex
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RSI indicator trading strategy for Forex, stocks and E-minis. http://www.topdogtrading.net/youtube-organic-forex The RSI indicator and other "bounded indicators" are often mistakenly traded as buy signals when they're oversold and as sell signals when they're overbought. This is exactly the opposite of what works! Enjoy the video! Leave your questions and comments below! Make sure not to miss a single video from Barry! Click here to Subscribe: https://www.youtube.com/user/TopDogTrading?sub_confirmation=1 ==================================================== Barry Burns Top Dog Trading TopDogTrading.com Facebook: https://www.facebook.com/TopDogTrading/ Get the Free Trade Strategy: “The Rubber Band Trade”: http://www.topdogtrading.net/youtube-organic-forex =================================================== Watch the related video: "Forex Trading Strategies: Enter When Time and Price Come Together:" https://www.youtube.com/watch?v=AEnMVPldYrE
Comments
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Awesome video!
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Wow. lightbulb moment. RSI made a lot more sense now, Barry. We've been looking at it completely the opposite. Haha!
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RSI is all about momentum of equilibrium. Seller and buyer dealing the price.
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You can't trade indicadors rsi works when you combine it properly , oversold by my experience is under 20 you don't make trades by indicators , it's just a sign to be alert , can't trade against the trend but chances are their could be a change of trend , market starts loosing strength gos sideways , wait for a strong sing of. Hangevof trend look for a new highs new lows
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Hi where can i download the RSI indicator software?
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never thinked that way one word just awesome....
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Anyway to use another period of the charts. The reason for that fall was due to the Brexit vote! It would be helpful to see where the RSI showed the strength of price actions when it was not skewed by extreme fundamental news. Anyone with any sense should have logged themselves in a sell when the Brexit vote came in.
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Good man
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Thanks for the simple good advice
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when price is below 50ema in daily chart, oversold just means a short retrace.. not bull trend. and in above 50ema.. vice versa
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You gotta be impressed Barry. the only complaint seems to be that we can't see enough of you with the advertisements in our way.
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I have 2 questions
What indicators can you add along with the RSI to get a better signal?
Also is the RSI good to use for intraday trading? -
Barry, Really enjoy your videos, my question is I normally trade 5 min binary options and what you recommend for a time frame to use on the moving average? 50 be to high or would a 20 be much better? Thanks a bunch and looking forward to the upcoming webinar.
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its a 50:50 thats why you will never win..! But if you use 30 sec you will win i made 14K in 1 week..
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"The trend is your friend till the end"
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thank you, that was amazing
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Thanks for the video. I've almost always find my self entering a short or long position based on RSI overbought or oversold indicator and the stock goes in reverse direction.
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Totally against what I have been thought before but makes absolute sense. I am going back and study some charts and put it to the test.