DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT...
RSI is the most popular indicator, according to TradingView. So why does it test like garbage?
I show you backtest results using several RSI strategies:
Crossunder from overbought/crossover from oversold (the default RSI strategy provided by TradingView and suggested by Wilder)
RSI + EMA 200: is RSI profitable with the trend?
RSI + ADX: is RSI profitable in...
In this "How To" video, we take a look at typically what happens after a completed Elliott 5 Wave sequence, using the MTP Elliott Wave Script.
First, we must stress that finding the end of an Elliott Wave 5 sequence is inherently dangerous, because a Wave 5 is the "end of a trend", so very often overruns. So, the only time we would ever consider trying to pick...
In this short Toot , we are using STOCHASTIC 25 ,3,3 as our main idea in culmination with RESISTANCE & SUPPORT.
* Some observations not mentioned in the vid are that these are ENTRY point observations on a time frame 4 hours and BELOW AFTER observing 4 hour time frames and ABOVE.
* Indicators are just that , they indicate possible areas of a trade /...
Hey hey traders!!
Setting the "right" stop loss is a vital skill, yet for many traders... its a random act. This video will help you find stcutrue in setting the right stop loss, a stop loss that has the best chance of not being hit and allowing your trade to workout!
For us that comes down to basics:
1. Use the ATR value
2. Enter only via the fibs (definite...
In a Downtrend:
Only sell
1. At the end of the overbought area
2. Add when crossing below 0 line
3. Add at the start of Oversold
In an Uptrend:
Only buy
1. At the end of the oversold area
2. Add when crossing above 0 line
3. Add at the start of overbought
Indicator Settings
Period 28
Overbought 2
Oversold -2
Your Capital is at Risk. This is only an educational video.
This tutorial explains how we take trade entries, its as simple as this!
We use a complete trading system that governs every aspect of our trading, from entry to exit. We put high emphasis on position sizing and we only use the Fibonacci retracement to enter trades
It is crucial to understand the circumstances in which a strategy will work. Are you using a trending strategy or a ranging one?
In this video we will review a trending strategy and how to trade it.
A tutorial on the "Three wise men" strategy by Bill Williams. This strategy was introduced in his book, "Trading Chaos". I highly recommend reading the book before actually using this strategy.
There are a number of ways to judge the price action momentum. In the previous post, I show you using trend channel as an alternative to up wave or upward thrust to gauge the buying or selling momentum.
In this video, I also adopt the same example S&P 500 futures ( CME_MINI:ES1! ) to show you using the popular pattern - rising wedge and RSI indicator to achieve...
I start getting into how I trade the Renko Dynamic Index and Renko Dynamic Index Zones using a few simple rules. I introduce some new coloring schemes and trade direction discovery algorithms.
Other indicators powered by the Renko Engine :
Renko RSI
Renko Trend Momentum
Renko Weis/Ord Wave Volume
Renko MACD and Renko MACD Overlay
Strategies:
...
The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
Is that the only way to use it NO!!!!
Hi guys, This my first video and I wanted to share with you a simple strategy I use to find opportunities with RSI.
This strategy gives amazing results in scalping and daytrading in order to grab 15 to 25 pips per trades.
Hope you gonna like it. Do not hesitate to like it or give comments.
