RSI indicator trading strategy, Part 2 | 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: "RSI indicator trading strategy, Part 1:" https://www.youtube.com/watch?v=oLt08zaVu5Y
Comments
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Around 6:50 you say divergence doesn't always indicate a swing but it did. The RSI diverged a little later as shown in the little rectangle you drew. You just had to wait a little longer after the indecisiveness period at top of wave 5. Am I wrong in reading that?
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Best video I have seen regarding RSI and what it "shows"...looking forward to taking this info and seeing how to incorporate into a trading strategy/ruleset.
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Great info many thanks Barry
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You are doing a great job, thanks.
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I want to study your class. It's just so much to do, so I haven't been able to find time to start yet, but I love it how you teach.
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Wow. You are an Angel Sir. So can i use this on Binary Options?
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Mr. Barry- you do a fabulous job of clarifying important aspects of trading which we all do well to know. As an inexperienced trader wanna bebe , i'm amazed at the dearth of information available, you are spot on when you once mentioned it is rather at the level of a b.s. degree to trade well from a knowledge standpoint. Not to mention instinct. You glance at the level of intellectual to explain what is necessary! Keep reminding us as you do. Many thanks. Bill B
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Good video but tell how to take entry is general things people know about rsi.. Tell how to take short entry when divergence came in rsi - 1 part and it was to stay short or taking new short entry(so how to use professionally for trade entry)
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CLEAR AND CONCISE. BARRY IS BEST!
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Barry, Can we use the 40 and 60 lines on the Stochastic, like you are using for the RSI? Thanks, Onedia
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Barry, would using this RSI format that you have be useful in staying in a trade to a target or until the RSI showing the strength is weakening. Say I got in early in a trend as you teach using cycle and mom just the way you teach in your course which is wonderful, but I would really like to stay in longer and ride a trend, could using the RSI the way you are showing help with that, what would be you thoughts
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good stuff...how do you add the 50 ma to RSI in mt4
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Thanks Barry. Nicely put viewpoints. I however would like you stress on the entry and exit points using this indicator
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I cant wait for part 3 where you add volume. I use tdi which is basically rsi.
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Great video. I always thought however that momentum was really all about the separation or gap between moving averages and to some extent the rate of separation between moving averages... the MACD.
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Barry, thanks for the great information. By the way I love your cycle indicator! Thanks again.