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Attachments: The RSI Trade
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The RSI Trade

  • #421
  • Jul 19, 2009 7:40am Jul 19, 2009 7:40am
Quoting Qqe
where are the pictures that i posted?
Hi Qqe,
They were not removed by me, please try posting again.
Thanks
Kareem
Trade Garlic
  • #422
  • Jul 26, 2009 5:25pm Jul 26, 2009 5:25pm
Quoting Qqe
You can make your trade powerful, dangerous, crazy by using divergence

http://images.upload2world.com/get-7..._com_ncrlm.gif
Great trades Thanks. It may be wise to start watching the longer time frame. Thanks for the posts.
Kareem
Trade Garlic
  • #423
  • Jul 28, 2009 10:34am Jul 28, 2009 10:34am
In this web site, there is a book that discovers different strategy of RSI, actualy not the way that we know. Does anybody have this book as a pdf format or something like that?

Thank you

http://www.youlearnforex.com/
  • #424
  • Jul 29, 2009 4:24am Jul 29, 2009 4:24am
Hi,

I have included the rsi methodology in my main system (thv). The longer I use it the more confident I feel. I wanted to vote that this system is usefull but unfortunately I pressed the no button. I only want to add that it's very useful. Maybe you can delete my vote or change it.
  • #425
  • Jul 29, 2009 8:43am Jul 29, 2009 8:43am
I would like to thank everybody here for educating me on the use of RSI. You really made my day.
  • #426
  • Jul 29, 2009 11:04am Jul 29, 2009 11:04am
Hi All:

Just an example of how the combinations of patterns, which are extremely important, and the RSI can generate buy / sell signals. As mentioned on my previous post; the 50-level line is the most important to gauge the posture of the market; long or short. It will provide the MOST explosive moves from there; NOT from the divergence plays. Take care.

Have a good one
Jeff
Attached Image (click to enlarge)
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~*~You are only one trade away from humility~*~
  • #427
  • Jul 29, 2009 1:42pm Jul 29, 2009 1:42pm
Quoting MCFly
Hi,

I have included the rsi methodology in my main system (thv). The longer I use it the more confident I feel. I wanted to vote that this system is usefull but unfortunately I pressed the no button. I only want to add that it's very useful. Maybe you can delete my vote or change it.
Don't worry about it Mcfly. I cannot be changes. I like your post. please keep posting.
Thanks
Trade Garlic
  • #428
  • Jul 29, 2009 1:44pm Jul 29, 2009 1:44pm
Quoting Qqe
In this web site, there is a book that discovers different strategy of RSI, actualy not the way that we know. Does anybody have this book as a pdf format or something like that?

Thank you

http://www.youlearnforex.com/
There are some books, but not in PDF format. I will look for some more and post. Thanks for the link.
Trade Garlic
  • #429
  • Jul 29, 2009 1:46pm Jul 29, 2009 1:46pm
Quoting jharteam
Hi All:

Just an example of how the combinations of patterns, which are extremely important, and the RSI can generate buy / sell signals. As mentioned on my previous post; the 50-level line is the most important to gauge the posture of the market; long or short. It will provide the MOST explosive moves from there; NOT from the divergence plays. Take care.

Have a good one
Jeff
Thanks Jeff. Nice set up.
Kareem
Trade Garlic
  • #430
  • Jul 29, 2009 1:52pm Jul 29, 2009 1:52pm
Quoting BlueBull
I would like to thank everybody here for educating me on the use of RSI. You really made my day.
Thanks BlueBull. Please feel free to post some charts when you can.
Kareem
Trade Garlic
  • #431
  • Jul 30, 2009 3:10am Jul 30, 2009 3:10am
Quoting andypips
heres the chart for you k.also attached the two indis and a template.
Hello andypips, could you please be so kind and explain how you use the trend cci indicator that you have attached, and / or refer me to where I can get more info on this indicator.

Thanks.
  • #432
  • Jul 30, 2009 2:38pm Jul 30, 2009 2:38pm
Hi Bluebull
The indi is used in quite a few places but has been used and described in f4's journal. The longer term is the trend and the shorter term the entry/trigger. The sma which i use at 30 is more of a confirmation but still very important. All the relevant levels must be observed ie, 50,100, 200.
The simplest way to use it is with the trend, so for a m1 chart use m15. If the trend is short then the trend cci wants to be below zero. Then wait for the signal cci to go above zero, try the 100 then back down through and continue the move. Also a zero line reject is good. There is a lot of cci info on woodies website for free. It is an indi that you have to get a feel for the rhythm of the market to use well. I also look for price the right side of the 9ema and use pivot points alot.
I use it as my only indi apart from rsi now and then. I trade euryen only on m1 charts.
You will need to play with different settings for the cci's for different pairs perhaps, but I would recommend you use the sma not ema and set it at 30 on the indi.
I am getting around 50pips a day in 30mins with this method.
Hope this helps
Andy
  • #433
  • Jul 31, 2009 5:28am Jul 31, 2009 5:28am
Quoting andypips
Hope this helps
Andy
It sure did. I am very grateful for the info. May the Lord keep you and bless you.
Ben.
  • #434
  • Aug 1, 2009 4:42am Aug 1, 2009 4:42am
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 Hayden - Traders Press
3 RSI: Logic, Signals and Timeframe Correlation - Walter Baeyens - Traders Press

Some good weekend reading????

Peter http://www.forexfactory.com/images/icons/icon7.gif

PS They do not use the RSI in the conventional manner!!
  • #435
  • Aug 1, 2009 11:16am Aug 1, 2009 11:16am
Quoting lizpet
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 Hayden - Traders Press
3 RSI: Logic, Signals and Timeframe Correlation - Walter Baeyens - Traders Press

Some good weekend reading????

Peter http://www.forexfactory.com/images/icons/icon7.gif

PS They do not use the RSI in the conventional manner!!
Thank you. That would be better for me
  • #436
  • Aug 6, 2009 7:47am Aug 6, 2009 7:47am
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 bar until you are taken out
Doesn't work? Check it out!

Sometimes in a really stong move you may be taken out prematurely , thats the risk we take, but if the RSI declines to the 80 or 60 level and rebounds - then we have another entry signal
The aim is to be in the trade only when it is moving in our direction, and not let a winning trade become a loser

The same philosophy can be used as the RSI approaches the other RSI S/R levels - if you are not taken out and the price continues higher - good you are still in an advancing trade

Nothing is perfect, but if the above suits your trading "personality" thats great - otherwise ignore it

Have a great day
Peter http://www.forexfactory.com/images/icons/icon7.gif
  • #437
  • Aug 6, 2009 1:12pm Aug 6, 2009 1:12pm
Quoting lizpet
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 bar until you are taken out
Doesn't work? Check it out!

Sometimes in a really stong move you may be taken out prematurely , thats the risk we take, but if the RSI declines to the 80 or 60 level and rebounds - then we have another entry signal
The aim is to be in the trade only when it is moving in our direction, and...
It would be great for me and beginners if you post at least a picture
  • #438
  • Aug 6, 2009 2:35pm Aug 6, 2009 2:35pm
Hi Lizpet, yes a few charts showing the set up would be great.

Danny
  • #439
  • Aug 6, 2009 11:32pm Aug 6, 2009 11:32pm
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 otherwise should be obvious - if not - then simply move on, it either works for you or it doesn't - same as any other type of analysis - they all work, but any single type is unlikely to work for everyone.

For me the RSI fits perfectly with my perception of trading i.e. it offers low risk trades (the spread between entry and the initial stop) your loss if the initial stop is hit is low

Sorry
Peter http://www.forexfactory.com/images/icons/icon9.gif
  • #440
  • Aug 7, 2009 2:14am Aug 7, 2009 2:14am
Thats great peter thanks..

Danny.


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 otherwise should be obvious - if not - then simply move on, it either works for you or it doesn't - same as any other type of analysis - they all work, but any single type is unlikely to work for everyone.

For me the RSI fits perfectly with my perception of trading i.e. it offers low risk trades (the spread between entry and the initial stop) your loss if the initial stop is hit is low

Sorry
Peter http://www.forexfactory.com/images/icons/icon9.gif[/quote]
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