There are four types of divergence in forex trading Bullish divergence Bearish divergence Hidden bullish divergence Hidden bearish divergence
Hello everyone , as we all know the market action discounts everything :) I have created this short video to explain what is the RSI and how to use it to identify buy and sell signals with this oscillator , everything you need to know about this indicator is right here. Its been around since the late 70s so its probably one of the more established oscillators out...
This tutorial on RSI Divergences is the second part of a RSI Masterclass series. We have already discussed how to make use of the basic RSI indicator in our previous masterclass tutorial. We will understand the use of Divergence oscillators in short timeframes for BTCUSD. A divergence happens when the price of an asset (BTC in this case) moves in the...
Hello Traders, This video explains how I use RSI to generate big returns in the Forex market. RSI has always been one of my favorite leading indicators I use when looking for confirmations. I highly recommend it. Take a few minutes to watch my video and learn how to use it effectively for intraday trading. Trade Safe - Trade Well ~Michael Harding
Ive noticed that when : 1The RSI hits below 30 on the 30min sometimes 1hr time frame 2Then goes up to just before 70 ...say 67 on the RSI 3Then drops again to 25-29 THAT'S A BUY I think that would indicate a breakout to the upside. The RSI will go up and down in wave patterns. This doesn't mean the price will follow. BE CAREFUL. So, if it has to hit 70 on the...
NSE:CNXPHARMA is displaying negative divergence on a daily timeframe. Short term/swing traders may start to hedge their long positions, with call short.
RSI PIVOT (RSIP) HOW IT WORKS? This script draws a line when rsi cross over or under the oversold and overbought line. Supprisingly these pivots sometimes good indicator for positive and negative divergence or continuation. For example: + if the price goes above the previos rsi overbought area (red line), it means positive sign and price will contiue to climb...
Good morning, traders. Bitcoin attempted to push above $3950 this weekend but could not make it happen. As I have been mentioning, there is strong resistance up toward $4000 and overcoming it won't be a walk in the park. Last night's downward move bounced off the daily 21 EMA, finding support on the HVN. An H1 gap was created around $3888 and RSI just bounced off...
Trading with Oxo ZigZag and TDI- Premium - Oxo ZigZag - - TDI Premium - - How to trade with TDI-
Overbought oversold signals are pretty important when entering a trade, i mostly use it to decide on the position size. but, it can be seriously misleading in strong trending markets and cause massive losses when used alone. you can see the massive rally btw 1997-2000 after RSI signaled overbought and kept making new lows...
Here are examples of how I personally use the EFC Indicator signals. When not to trade - Price & Macd flat, Macd close to 0 level, middle price range When to trade - RSI divergence, Macd over-extended, price far from ma's
This is a Daryl Guppy approach; Safe trades;