DislikedHi Malcomb,
Great analysis! I am learning a lot from your posts, thx. I wanted to ask, do you know of any places that I can go to and read up on div.? I am wanting to learn as much as I can.
ThxIgnored
For rsi there is an awesome book called The Complete RSI by John hayden .. it is not highly rated on Amazon as it is a little hard going to read and understand. But stick with it , read it over and over and you will learn alot. It has a whole Chapter on divergences.
RSI is one of the few indicators out there that is classified as `leading` and is yet is one of the most undervalued indicators.
I trade stocks , indexes , and forex using rsi and support and resistance zones only.
Support and resistance can be anything including fib extensions , fib retracements , moving averages , trend lines , linear regression channels , gann fans , diamond grids as I have seen on this forum , could be the high and low of the open range of the market you are trading.. I did a post on open range earlier this week , and also whole numbers.
why whole numbers ... do you really think 209.13 or do you think 209
Off note the open range for the US session on Friday was 211 OR high and 210.6 OR low , sell the breakdown of the open rnage low = 60 pips , buy the break up back into the open rnage channel at 210.6 = another 40 pips on test of open range high. An easy 100 pips.
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