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yeah there a strategy that if price is in a right range and then shoot up with high volume and RSI overbought, you should actually place a long. Vice versa for shorts.
Cheers a Very clear explanation. I did not understand the last one, option 6for the RSI, trend pullbacks. After 1sr ob and after 1ar OS...? You mentioned the trigger for the long and the short. I am confused here. Thanks anyhow I clicked subscribe pal
I added number 7, using the position closing price database against the Moving average (14) as the basis for calculating RSI instead of using close prices
hi. Thanks for videos. Now I am working just with RSI and candle patterns. Mostly with divergences. I do see when to take order. but my real problem when to close it. Some hints that you could share? Thanks.
Thanks for that. Very informative vid. When it comes to RIS settings though, we have the option of 'open, close, high, low, median etc. What to choose there..?
2 says might be overly too short setting, some people use 5 days as the shortest setting for RSI. Get too noisy signals from RSI isn't so wise enough to trade.
Man, thanks for vid, but you should not be teaching, slow down there, will ya. Chaotic speach. Only you k ow what you're saying. Yes, I got 80% of it, but you lost it at the end of video.