DislikedTake a look at this, it might help, it might not, but it's worth reading if you want to use the RSI.Ignored
cheers for this
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Dislikedhi,
I have been trading on this system for the past month or so ...
The rules were very simple enter long when RSI is below 25 and short when RSI is above 75...
Ignored
DislikedThe number 1 rule of oscillators:
-It is a supplicant to basic trend analysis. Relying solely on oscillators to generate signals = doom
In a trending market, you do not use oscillator based strategies.
In a sideways market, you do not use trend following strategies.
If you look at the longer time frame charts (daily and weekly), you will find that there are very clear trendlines/support/resistance. The prices obey trendlines/support/resistance more than they obey oscillators.
Just wait a little while more for the market to make up its...Ignored