Hi Paul, Ref your posts 505/506 above Your posts are full of riddles - why not just tell us in plain English what you are saying? e.g Not every peak on the inside of a valley (downtrend) will lead to lower prices, and not every valley (trough) in a ...

The RSI Trade

RSI Trendline Trading — Hi AZ, We normally tend to use a trendline break to action a trade. Have you considered taking a trade in the direction of the current move, i.e. enter on a retrace and bounce of the trendline, and staying with it until ...

The RSI Trade

Hi Forrest, Qge Forrest, I would not leave my stop at the low of the bar that "busted thro" - I would move it to just below the resistance line "busted line" (now support) It's good to see that you find RSI S/R useful, I'm sure you and other RSI ...

The RSI Trade

RSI S/R versus Price S/R — Don't know whats come over me, all this posting. Put it down to idle hands and too much spare time! Anyway here's another thought for to-day This is only my opinion Why does S/R work - they are psychological levels ...

The RSI Trade

RSI - Filters and things — Hi Tarco, Thanks for the appreciation. In answer to your query - I would say a sharp bounce of a level is more decisive (more commitment) than a "rounded" bounce which to me shows a lack of conviction and some ...

The RSI Trade

Trading RSI S/R — Hi, For those interested, I just noticed that I did not include another reason for taking an exit. i.e. If the move is up and it has crossed up thro a RSI resistance level, if it should then decline and drop back down thro ...

The RSI Trade

Books and things — Hi Tarco, Books I found Constance Brown and John Hayden books , which I read ages ago, very helpful in defining up and down trends From this info the RSI S/R levels became obvious as did the start and end of a trend Baeyens ...

The RSI Trade

Hi Qqe, Please refer to page 24 posts 346/347 I should have included CCI in 346 The RSI that I use is based on the closing price Trading should be easy, - if you have to search to find a signal on a chart, - then it is probably not there!!! Just ...

The RSI Trade

Posting charts — Hi Danny, Qqe Please read my post page 23, (339) The process is pretty straight forward, takes about 5 mins to set up the RSI S/R chart. Once you have done that, check it out against a few pairs/stocks etc. Its usefullness or ...

The RSI Trade

Exit tips — Hi RSI ers, Any tips on exits? (much more important than entries!) Here's my tip of the day, hope someone finds it helpful. Long position: When the RSI breaks above the 80 level - trail a stop just under the low of each consecutive ...

The RSI Trade

RSI Books — Hi everybody, For anyone interested in the theory and application of the RSI the following books will be of help 1 Technical Analysis for the Trading Professional - Constance Brown - McGraw-Hill 2 RSI: The Complete Guide - John ...

The RSI Trade

Hi Andy, Nice trade. Bollinger Bands work well with the RSI I can't check your charts, but I'll bet that the Bollinger Bands had formed a throat about 4/5 bars back - expect an expansion in volatility i.e. a breakout and the RSI was in the 60 zone - ...

The RSI Trade

Hi, Nice to see the thread picking up steam again. Nice chart jt. Looks a good combination of indicators CCE used for entry provided Klinger is negative, and Klinger for EXIT ? Andy, Regarding "do I use a ma"? No Does not suit my style of trading - ...

The RSI Trade

Back again - that was short and "sweet" $100+ (min charge) to be told that the unit has to be replaced (5 mins) Oh well back to trading: If you are interested in the RSI S/R levels - check out what happens when say the RSI trades thro the 60/65 area ...

The RSI Trade

Hi Andy/Kareem, Andy, RSI formla: RSI=100-[100/1+(U/D)] where U=the average upward price change and D= the average downward price change VARIABLE ;U/D RATIO Draw up table as below and insert U, D values e.g UP move Down move RSI 1 1 50 2 1 66.6 ...

The RSI Trade

Hi Kareem, Just a quicky. I feel I may have changed the direction of this thread a little, which was not my intention. I THINK THE USE OF THE RSI TRENDLINE IS A GREAT WAY TO TRADE. Like any signal not all trendlines are created equal? some have ...

The RSI Trade

Hi Kareem, To get a better understanding of using the RSI draw the R/S 80/40 levels in green and the 60/20 levels in red Another point - regarding divergence As the RSI is a bound indicator i.e. operates between 0 and 100 and is less responsive at ...

The RSI Trade

Hi Kareem and friends, Great thread, thank you. I am a bit of an imposter here as I only trade stocks. I trade my super fund which places restrictions on what I can trade. However, the RSI is the basis of my trading and has been for a long time. I ...

The RSI Trade

Hi This was my first post. It was quite long, during writing it I lost the curser? and could not continue - is there some sort of time limit or post length restriction. Thank you Peter

The RSI Trade