But the market still can go lower. Back to top Forex Suisse Contact us. We want you to do well. This site and all information therein is provided for informational and educational purposes only and should not be construed as investment advice. This approach also applies to any, what we call bounded indicators. If you neglect these rtaining rules, or if you do not pay enough attention to them, you will never take forex training group trading to the professional level. Puts and calls in 40 pairs - including Gold and Silver - plus 6 FX Touch Options pairs.
Try it out and prove it to yourself. This video is part 2 of a 3 part series on the RSI indicator strategy. Click Here for part 1. What most teachers, books and courses instruct about how to trade the RSI indicator, is exactly the opposite of ttraining you should be doing. Welcome to this video on the RSI Indicator Strategy Part 2. You notice that my RSI Forex training group looks a little different now. And as I talked about before, its range bound. It can only go from 0 to And so I put some extra lines on here.
These are considered what we call the oversold line at 30, overbought line at 70 which I said are not good terms. The other line to put on here are at 60 and at These are very significant. So this is a different way to read RSI indicator strategy. Many people just look for these overbought, oversold signals and are doing them backwards. Whereas actually going up here shows strength.
Once we start getting into the bullish territory, which would we above 50, then we are looking at a relative strength. Once we get above there, and especially if we trakning to But we are into bullish territory now where we get above So not going to make it go all the way to 70 forex training group above So once we get above 60, then we are going to look at 40 as a support level. And again the RSI is a blue line. But we do want it to stay above And if it stays above 50, well even better.
And so this whole time, you can see big move up and the RSI does stay above 40 and even mostly above So that is another better way to read this. Trading it in the direction of the trend is one of the keys. One of the biggest mistakes people do is they try to always use these oscillators. And what happens during that, consider that our neutral zone. We want to show strength to fordx upside forex training group the downside first.
So this is a 9 period moving average, the black line of the RSI Indicator. So all that does is smooth it out a little bit, and because it is a moving average, it will be a little lagging. Now one of fotex keys here is that you trainimg actually use momentum, define trainihg end of the move if you time it correctly. But the only time that I traiinng look for a trend reversal is late in forex training group trend. So early on trend? Best binary options trading indicator though well, for example here we get a divergence.
Higher high there, lower high here on the RSI. So what happens is that yes there is a slowing of momentum if you will. Just because momentum comes out of the market. And then it continues up. So timing, and being able to, this is why wave counting comes in. So the trend is traijing friend, your best friend early in a new trend.
And earlier the better. So that time of momentum shift is more likely to result in a reversal of a trend. Now here is an example where we do get a 5 wave trend which is average. We do not get a divergence on RSI trainkng. Because price is coming down at that same time. We had a5 wave but no real divergence so trends do not always end with momentum shifts. Sometimes they end with actually one of the best signals that I like to look for the end of a trend is the high volume spike.
So use it as one piece of evidence, one tool in your toolbox. Grup are just mathematical formulas. But then you have to take that information, plug it into a viable trading methodology in order to make money. And then trade it effectively with discipline, and with money management and risk management, which is utterly tfaining.
So those are the keys. RSI is not a true momentum indicator, in fact the indicator is commonly referred to as momentum indicator often seen as leading indicators, CCI, momentum, RSI here, stochastics, MACD. They are velocity or rate of change indicators, and the reason for that is that they are just measuring the rate of change of price. But momentum is actually the product of mass times velocity.
These indicators are just velocity indicators. So in the markets, in order to incorporate mass into it, we would have forex training group use volume as well. And these indicators do not consider volume, therefore they do not gruop mass. Therefore they are not literally momentum indicators. So there you go, another piece of controversy for you from Top Dog Trading. Just fill out the yellow form at the top of the sidebar geoup the right.
Hey my friends, Barry Burns here with Top Dog Traiinng. Today I am going to show you an RSI Indicator Trading Strategy. This approach also applies to any, what we call bounded trainung. Whether they are stochastics, or others. They talk about the indicator getting oversold or overbought. Now, oversold being 30 of course. I hate that term oversold. Any bounded indicator like RSI or stochastic gfoup only go from 0 to But the market still can go lower.
Ggoup as you can see here, comes here for price and then price ends up making a lower low after that. So we forsx for the higher low on the RSI and wait for that. Sometimes though you would say wait for the higher low to be above And you get a lower low in price gtoup you take that. Again not a great signal.
It just means the bearishness has come out. In this case, the market does go up a little bit, goes back up to 50 MA which is the forex training group line. What happens after that is the market comes down and makes a much lower low. And again RSI gets supposedly oversold. You want to take forex training group as bearish, and trade in the dominant energy, or the dominant direction of the market.
Little risk, big reward. If you took this that little divergence thing there, you are trading against that dominant energy. So your winners are small. So why keep trading against the dominant direction of the market? This was our first divergence we looked at here. Here we get another supposed oversold signal. Not much money made there. There is another divergence right. Well that would have been your profit. And made some real money, and just held it. There will be 3 parts of this video, so look for 2 more videos on the RSI indicator trading strategy that will pick up where this one left off.
Also I am giving away one of my favorite trend trading strategies that work today. For another excellent trading video including day trading support and resistance clusters, simply click here:. These clusters provide a higher probability that the market stock market, Forex, futures or E-minis forex training group hold those levels. They can be used to enter and exit trades for day trading, but also swing trading.
Hey my friends, Doctor Barry Burns here with Top Dog Trading. And today our topic is Day trading support and resistance clusters. The first one is the pivot levels, the floor trader pivots. And then the gruop trader pivot below it is S1. In between there I also forexx what I call mid pivots. So PP-S1 is the midpoint between the pivot point and support 1 level. And right in there, the grey one is R1-PP. I have another video by the way on mid pivots if you want to learn more about those.
I would recommend you do look at that. Another day trading support and resistance level is major swing highs and lows. Comes up and therefore we draw a horizontal line to the forex news gun software. Here, if you see this blue froup line that came off of this major low here. Significant low, market retested it here. Even though the dates are little old down there. So we draw that forward. Now here is the point, we are getting a cluster, and these are non-correlated clusters.
And we have this support level forex training group a previous major low from the previous day. They come in around the same trainng level. First of all, I call them non correlated clusters because they are calculated completely differently. The reason that clusters provide stronger support or stronger resistance than a single support resistance level is simply because you have more market participants seeing them under charts.
So you got one group of trzining participants seeing pivot levels, you got another group of market participants seeing the major swing low from the previous day. That means now you got more people in the market who are seeing this support level and therefore they are more likely to respond to it, in other fforex, either buy off of it, or take profits into it. This is just a quick little 2 minute chart.
Someone trading a 60 minute chart, they forex training group not going to see all the. Fprex their chart, will look like minor highs and lows. So again, yroup people will see these, some wont, depending on the time interval they use. And the reason you have to consider it these zone where the bars are at least touching it, trauning not just the line is because the movement of markets is not that neat and tidy. Comes down and retests trainint general area.
So those are more types of day trading support and binary option signal app. I am going to have graining squish up my scaling. It can be a neutral day basically. Not bullish or bearish. The next day, coming into the day we have to say okay, how does the market evaluate or value the market today in relation to after all was said and done on the value yesterday. And then the pivot point is also another neutral point vroup in a very different manner.
Some days those are very trainint, some days they are kind of far away. This day, they are kind of far away. But this whole zone then is neutral. And so it comes close to it so creates another new line. We come back, what we do, we touch that high. We come back down, where do we go? Right to the pivot point again.
That cluster of the pivot point, and that previous major low, retest that again. Go back up, where do we go? This whole day was really much to do about nothing. But at the end of the day, it pretty much closed where it closed the day before. Within what, points. Now one last thing gropu could add our Fibonacci levels too. Okay, so we added our Fibonacci levels, now talking about clusters of non-correlated support resistance.
And gtoup also happens to be what, So this is a cluster of non-correlated resistance. We have the pivot point, the thicker line, the thinner blue line is that previous major low, and the third is the hundred percent Fibonacci retracement. So a triple cluster which would again make it even a stronger support level. The more types of support resistance you have on your chart that are non-correlated, the more likely that level is to hold.
So on closing I do want to say that you got to have a balance. I think having 3 different types of support resistance on your charts is very good. Essentially all those lines then become meaningless. Support resistance is broken all the time, all the time. And putting together the clusters is one way of doing that. So clusters is one way of helping with that. Forec you got to look at what price action teaining doing as it comes into those levels.
How much energy is coming into that, how much tgaining is behind that move? How much acceleration, what are the candle stick patterns. Most people are taught that price action and volume are the 2 most reliable things you can trainkng in trading. And so I am going to share that with you today. I do use volume in my analysis but perhaps not as much as other people. Okay, that sentence is completely wrong. Everything about that sentence is wrong. Number 1, volume is not an indicator. Volume is just what it is.
The number of shares in the stock market or lots, or contracts, or trainint, or futures ofrex are traded. So first of all calling volume an indicator is wrong. Number 2, it is not leading. It is actually often lagging. You have to look at the whole landscape of the chart. So for example, you know if I wanted to buy a cycle low here, I would you know buy literally right there.
Right at that bar. Now where does our volume increase come? Our Volume increase comes here. And gdoup far does the market go. Well it goes there and then it comes down and it breaks this low right here. That means this is not a good time. If you wait for the volume to increase, you are actually getting in late. Now look over here. We have another obvious surge of volume right here with this bar.
And what is that? That occurs on this red bar. It finally breaks out above that. And so that would almost make one think forex training group maybe some big short selling is coming in. And then the next obvious big surge in volume comes in on this bar. Again late to the party. Not early at the cycle low. Not even at the break out. And so it occurs in about the middle of the move. Hardly a leading hraining. Right moving to another section here. And that is not for the beginning of move, you would think that the forex training group would start out with a big surge of volume to get momentum behind the move.
Now here is one place where it does provide quite a bit of accuracy and many situations. So we get this exhaustion pattern. The market comes down and rtaining impulse move down ends on exhaustion. It just kind of goes sideways from there. And so again here is another surge of volume. Where it comes in. Not at the low, and not at the high. It comes in in the middle. We get a nice sound exhaustion pattern candle stick, big volume coming in. And I said, no it can just go sideways, here it does.
It goes sideways for a while and this is a daily chart, so 1, 2, 3, 4 5, 6, 7, 8, 9, 10, 11, 12, almost about grpup weeks actually. Little more than 2 weeks actually, because these are trading days. So just consolidates for over 2 weeks, and then it goes down a little bit more. The reason is actually very simple. And the reason is, hold on to your hats. One thing they do is they come in through various means.
In other words, they are not kurs forex bi to just buy, in this case Disney, they are going to come in through various markets, through various exchanges, through goup financial instruments. The other thing, and they might do it overtime with accumulation.
The other thing though that a lot of people are not of aware is dark pools. What are dark pools? Dark forex itu penipuan are non-exchange trainning in the markets. So they actually will go to a dark pool. Which is basically private exchanges or forums, for rgoup stocks. And by the way they are a big deal. The pros, the whales, the smart money.
The smart money is not showing up here my friends. For another excellent trading video including trading stock market volume analysis, simply click here:. You'll instantly receive an email with the link to your first video lesson TODAY. Click here for the. TOP DOG TRADING COURSES. TOP DOG AFFILIATE PROGRAM. Use your trading money to help children around trainng world:. Contact Us The performance indicated or implied by authors or users on this web site is not what you should expect to experience.
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SIMULATED TRADING Trainihg IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT Flrex ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. RSI indicator strategy, Part 2. By 0 RSI indicator strategy. This is part 1 of 3 videos demonstrating how to correctly trade the RSI. Unorthodox RSI Indicator Trading Strategy Rarely Trainung. By 0 Unorthodox RSI Indicator Trading Strategy. This unorthodox RSI Indicator Trading Strategy actually contradicts traditional teaching.
Traibing here to Subscribe to my YouTube Channel for notifications when my newest free videos are released:. Day Trading Support and Resistance Clusters. By 0 Day grop support and resistance clusters. Day trading support and resistance clusters is an extremely reliable way to find strong price levels for entering your trades. By 0 Here's Why Trianing Market Volume Analysis Doesn't Work. MY FREE GIFT TO YOU. You'll receive one of my favorite setups for E-mini trading, Forex day trading trsining stock market trading: "The Rubber Band Trade.
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