Can some one please help with the recommended deviation to input for RSI ? And SMA EMA's as well. I'm struggle making connections on the charts studies don't line up
What I also want to mention is that timeframes are helpful-different people look at different timeframes. For example, an H1 timeframe might show oversold conditions, while an M15 timeframe might show overbought conditions. Timeframes complement each other. If you work with the H4/H1 timeframe and it's oversold around the 20-25 RSI range, then moves into the 40 RSI range, the M15 timeframe could support your strategy by showing an RSI around 50-55 (mid-range). In the video, between 13:30-14:30, he explains that the midpoint of the RSI indicates strong buying power or an uptrend. You can use this strategy and apply it to any trend or determine other ranges and timeframes. My example illustrates stocks being oversold and trending upwards using H1 and M15 timeframes.
6:41 @theCoreyCallahan Your ‘secret’ Might be good for Some assets, very much depends on Volume; Specifically with the Futures Asset NQ1 this can be a Super frustrating experience, especially with a PropFirm like APEX aka ATF, due to platform restrictions. Definitely much different depending on asset pair
@@nicktony2293 No matter how much preparation went into a trading strategy, what matters is your ability to use a wide variety of strategies in a disciplined manner. You should probably seek guidance for more profitable trades.
@@nicktony2293 I’ll recommend Dan Raziel, he’s very profitable and reliable. His trades are sure and gives realistic profits on weekly and monthly basis. He manages all risk effectively and predict the market accurately. He’s earned me a trade profit in hundreds of thousand this past months.
For day trading Set RSI to 6 not 14. Then set overbought to 80 and oversold to 20. To go long, wait for the RSI to get down below 20 on a 5 min. chart and then look for the Crooked "W" divergence and go long.
Yeah I like to use the stochastic rsi, when you see it crossing curving up on the weekly, the price is getting ready to go up. Look at your stocks after close on Friday and get ready for Monday. If this week candle higher than last it’s good as gold.
I'm not very good at using the MACD..it always seems to me that it could just as easily go the other way, or the move has happened already, lol Have tried crossovers, divergence and watching the histogram
MAKE this ONE adjustment to your RSI Strategy, and it will be 90+% accurate: WAIT until AFTER the over bought (or oversold) CROSSES BACK below 60 and above 40. For the overbought, wait for the first RED candle you see after the CROSS BACK, and for OVERSOLD, WAIT until the first green candle AFTER the CROSS BACK up. AND, remember, to set your RSI to 60/40. You will get 3-5 x MORE PIPS this way.
You are right the market is profiting if you are using really a good broker or account manager or professional trader to help out with trades or provide signals.
She trades for me too. My first investment with Mrs Mabel gave me profit over $25,000 and ever since then I trade with her and it has been a good turnups
To invest for the long term, not only do you have to look at a certain indicators, but you also have to remain focused on your long-term goals, be disciplined and understand your overall investment. There are several strategies to increase your chances of finding a great investment. - Focus on the fundamentals. - Examine the P/E Ratio - Avoid value traps - Dividend consistency - Analyze Economic indicators. Picking stocks is both an art and a science, and even the best-looking bets can fail to pay off.
@@fuseoff7377 I've been trading for 3 years now. I had a rough start though but all thanks to my Expert Trader 'Mr Carlos Beckham' he really helped me get the most out of the market. I just received a ROI of $112k thanks to him.
@@ivanwalter596 I just recently started trading with him. His strategies are amazing , I'm getting more experienced in stock market trading. He has thought me a lot these past months after trading so closely with his strategy and analysis which proves helpful, I saw my winning ratio increasing everyday as my trading improved as well.
The level is 50. Also, put the STOCH and MACD charts on there, too. Above 50 on STOCH and purple line above orange line on MACD is a buy signal. Opposite for a sell signal.
Man much appreciated . I was wondering how to use that. Perfect video for me. I'm trying my best to get all the information I can right now because I'm tired of doing tree work brother.
Used this strategy on six small position trades today just to test it out. Green on five broke even on the other. I’m going to do a few more small portion trades to ensure I execute them well then I’m going to scale it up. Thanks.
RSI Overbought/oversold just like stocastic it only works for ranging market/ sideway. However RSI can give leading indicator for market to change direction.
To be frank with you bro, I personally don't support this because the RSI can cross the 30, 70 and come back soo many times and been stop out, unless you have any other confirmations you look up to bro...even if not, you can't rely on only this bro...Good work
Great treak! Thank you so much. Yes, I did notice something "suspicious" happened when RSI was next to 50%. I didn't know that a trend change was to ocurre after crossing the 50%. Besides, the other treak to wait for the RSI to go back from the Over zone was to improve the trading, is liquid gold man.
I find that for intraday forex trend trading most important relevant (Guide)trend direction is ON 15 minute, 1h and 4h charts only-- For intraday trading weekly & monthly trends do not matter much(too far removed from intraday field of activity) & can be ignored. For simplicity sake if 15 minute ,1h & 4h trends are in the same direction, you have a trade set up in the same direction (one could fine tune entry 0n 5 minute charts). In general if daily candle be in the same direction for any trade it is better but not A must.--Sir, what do you have to say?Any modifications?
Dude, this WORKS. No SH*T. I can go back and 80% of the time this method is spot on, but only works on the reversal from a dip consistently. What about EXIT strategy? Have you got a majic trick for that?
@@sbw89 when you make money, honor God by withdrawing some. I think its greedy to put back everything you just gained. You should take something out. It's part of discipline
@@ngreat4390 I trade in an IRA account. So I do not cash out (so far at least). I use standard deviations (1st, 2nd and 3rd) and the RSI for entries and exits. Pretty accurate....
I knew that already! + another 4 or 5 tricks that anyone can figure out. Also you just told 60,000 people! It's definitely worthwhile but as you say best used with 2 or 3 other factors
@Kuba P I wasn't showing off (that's hardly showing off by the way). But I was being facetious it's true. The title is a bit exaggerated. I do understand the difficulties of getting one's video noticed by the algorithm, though
Very nice. However, as a trader who loses money each and every day trading Forex, i was cringing when you kept saying you were going to close the trade, but kept talking. You lost about 90 bucks. But, you were very kind to keep helping us.
Ran last weeks earnings list with RSI2. Several prospects there. And looking back down the line on the RSI display, it's easy to see how and where to work this. Small breakouts confirmed by candles and volume. Set my stop loss and let 'er roll! Looking forward to working the FIRE out of this. - cp
On the first pair USD JPY your showing the 1hr. On the second chart your showing the 4hr. Shouldnt this be the same? Which time frame do you recommend using this method for?
I make huge profits on my investment since I started trading with Anna Lawerence , her trading strategies are top notch coupled with the little commission she charges on her trade...
Gosh this is simply amazing! Thank you for sharing! I was looking for knowlage about forex on youtube and can tell you that your content is one of intelligible and smart-simple! Wish you all success! For sure I will be still watching your video and maybe one day join to academy! Wow just wow.
I'm so opportuned that irrespective of the current dip in cryptocurrency, economy crisis and financial conditions i am still able to earn $19,500 returns from my initial $6,500 every 10 days. Crypto investment is really profitable.
After watching so many RU-vid tutorial videos about trading was still making losses until mrs Bridget Denison started managing my investments, now I make $10,567 weekly. God bless Mrs Bridget. She has been a blessing to my family
Amazing, I also started trading with Ms Bridget Denison recently. $170,000 profits in just 2 months and still counting, mrs Bridget Denison is the crypto trade Queen as far as am concerned.
Mrs Bridget Denison has been such a blessing to me, my colleague got me involved in this and I can't thank her enough, my first placement was a little amount of Ethereum and my investment has been growing so well even with the current dip
@@bestsplitscreengames With great difficulty, but it's when a market is staying within a set range for a long period of time. The difficulty is that often markets do not trend sideways for that long and by the time you have identified this it could start trending again. My advise would be to not trade it and stick to strongly trending markets only. In a sideways market its easy to make gains by being short and then long but most of the time you will lose all you have gained when the market starts trending and you get caught in your position
I've been trading for many years and have never heard that "as soon" as price reaches 70 (sell), 30 (buy); to be the rule. The info is, to be "aware" at 70 price is overbought and at 30 price is oversold, but it doesn't mean you react immediately. Also, you never use RSI by itself, its always used in conjunction with other Indicators. Price can linger overbought/oversold for an extended period of time, and anyone who has been trading for a good period of time would realize this to be true. My opinion, there's no need for a secret third aspect to this rule. Frankly for me, I never use this Indicator. To me it's basically useless but of course to each his own.
Nice video , I just discovered that bitcoin trading is now one of the fastest way to make money online...it's really a life changer Bitcoin trading is really a life changer, I couldn't believe it could be so profiting urge. You're right sir, Thanks for introducing me to Mr Harvey
Traders biggest enemy is trend flipping on A dime(e.g. 1H/lower time frame trend).Trend on 4H chart is the best trend guide for majority of forex traders( if one keeps trades for 2-5 days. By the time trader realizes that trend on daily chart is up, market has already gone up about 3-5 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start.Trend based on the last 5-10,four hourly candles has enough players/juice behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced asset. I seek your wisdom?
Great video thanks for the education other than rsi what other tools are recommended to use with rsi and if you can possibly do those videos as well thanks a new newbie
This no "secret". It is well known to wait for it to break back thru the level just like sto. A better way to use rsi since it's lagging is use it for divergence or draw a trendline on rsi and trade the break of the trendline.
Just so you know, when your rsi testing was profitable only because its timing matched up with the institutional supply and demand areas. The theory behind the good trades is supply and demand, and the rsi is just a “lens”. As someone who backtests religiously I can almost guarantee you such an rsi strategy will not work. I’ve had by far the most success using the RSI as a means of measuring short term momentum, after defining key levels like supply and demand.
What program do you recommend for this strategy? TradingView? I've experimented with a few different programs but they're all out of sync so I'm wondering which program you'd recommend for best results. Thanks! Keep up the great videos!
Nice video, very engaging from beginning to end. Nevertheless, business and investment are the easiest way to make money irrespective of which party makes it to the oval office.
Most people don't research or don't do it properly, my research led me to Ms. Kiana Danial, a professional broker who offers a unique way to understand the crypto market.
Even with the use of proper research tools like messari, block folio and others, I still made considerable number of losses. This was because I was too engrossed in technical analysis leaving out the fundamental factors like tokeneconomics, hash rate, market capitalization which is just stressful for an amateur. That's when I finally decided that a bit of professional advice can prove very helpful.
@@alveriobenjame286 This is not the first time am coming across Ms. Danial, Is there a link to her platform or how can I get in contact with her? I’d love to diversify and try out new investments the ALT coin market
Yeah, this is how I learned to use all overbought/oversold indicators; rsi, williams %, stochastics, whatever but with 80/20 and look to get out at the 50. Always use it in context of the trend; only get long in uptrends, and short in down trends.
There is another secret but I'll make that video. The timeframe is bigger and the settings will change instead of using the default. Btw, I use the 50 level too and thanks for showing that it works on smaller timeframes.
you can use MACD alongside RSI. Though RSI doesn't exactly predict the future trend, MACD though laggy will tell if the fast and slow lines are going to converge, where the change in trends occurs and that would be your entry point.
Cool insight, I appreciate an opportunity to get such knowledge on how to make money, i look forward to trading bitcoin and making it an alternative source of income.
Every bitcoin investor right now is just smiling at the price of bitcoin and it held strong and indeed valuable enough to generate good ROI more person are gonna become millionaire and we have bitcoin thanks to that.,
14 days of focus and hardworking can put you many years ahead.... i just got into crypto/bitcoin trading and investment and i made my profits wish i knew about this earlier, crypto is truly a life changer
I have been trading for a long time and have been learning a lot. I thought there is nothing new to learn but this was amazing. I loved it. Totally new. Thanks
Thank you for the video, it's really cool and everything little or big we can learn will always or should always make us better traders. Thank You again, very awesome video. :) I was reading below and so many things people wanted you to add in there, and I'm super glad you kept it simple and basic without throwing in all the other stuff. Your mind can only focus for so long lol, especially at my age, so Thanks again for the great video and for holding off on other indicators until your next or previous videos lol. :)
Nice video , I just discovered that bitcoin trading is now one of the fastest way to make money online...it's really a life changer Bitcoin trading is really a life changer, I couldn't believe it could be so profiting urge. You're right sir, Thanks for introducing me to Mr Harvey
Recently I've been interested in investing in cryptocurrency, but it's strange how people talk about all the profits they've been making through trading of bitcoin, while am here not making any profit at all. Please can someone put me on the right path or tell me what am doing wrong?
@Gianna Bellante I agree with you, I also fell a victim once to a trading company and lost $15000 in bitcoin. lost all hope until I got connected to an experience broker who handles my asset with an amazing platform
the crypto market can be scary place to earn money but you just have to get on the right platform and with the help of an experienced broker like Mrs Kiana Danial you should be counting returns in no time. I'm only beginning to earn my returns and I am impressed with the outcome
I have been earning seriously on Btc,Tron and Doge coin. Ever since i invested $2000 i have been smiling😇😇. Y'all should put fear aside and invest in a good place and with a straightforward broker.
Thanks for sharing,you’re a good friend,you just healed me from a lot of errors in my trades,pls I need to learn pattern trading,pls teach me God reward your sacrifices.
I found *The Semyon Tchernenko Strategy* A hand full of traders know about this working strategy. I found this strategy while doing research (do a search on google) thank me later.
@@alissagooglethestvekstrate4934 Hello Alissa, I googled the strategy but couldn't find it. Anyway you could help me with it? I'd really appreciate it. Thank you very much.
lmao yoo why didn't you just wait for divergences to play out?? 2 to 3 push UP or DOWN then your stop loss would have been 5 to 15 pips max {1 to 3 radio or 1 to 5 ratio every time }
You still had a bearish divergence on RSI @ 15:41 to rely on and reenter that same short later on the next higher high given the divergence was not resolved. Great tips though, love the content, keep it up and thanks for sharing.
